I'll be back when the $DOW is @ 33150 and after that where I think the next level will be at. $PFE put cts hit 105% earlier this morning $SDOW @ $33.55 as I'm writing it was higher @ $34.35 stamped at 3:25pm. These 2 trades I mention in my earlier posts, I'm still in these 2 trades cause I believe I see where the market is heading and I'm not exiting them. I sold out of $GSY.TO because preserving your gains should always take precedent some folks will say they welcome draw downs well that's a lot of bullshit they spew and I tell you why "cause nobody likes to loose money".
A few possible run up plays for this week $SNPX @$12.14, $POSH @$20.97, $VUZI @$14.87, $W @$258.01, $BLNK @$40.01, $SATS @ $30.27. Penny land $RGS @$3.53, $BTB @$2.65 and $ACB @ $8.50.
Happy New Year to all. I don't normally pitch any website but a young man asked me to plug his site. A little bit on this kid somehow he manage to grasp a bunch of us old guys attention that have coffee together in the morning for years. This little f**ker ears drop in our conversation then worm his way into our group with some intelligent conversation on the markets and geopolitical analysis which we were quite impress to say the least. So we took him under our wings and will continue to show him the road to success in life with the do's and don't on his journey of life and hopefully he will grace us with his presence for a long time and just not use us for his gains. His site is...... upticktrades.com.......hey mods if this is out of line my apologies. Will be posting some trades for next week tomorrow.
Look for a slow drop not a fall off the cliff drop from here on. With what’s happening around the world right now there will be some great opportunities to the downside over the next weeks. It’s officially bear season now good luck.
Don't be fooled by yesterday bounce the market is still weak and that slow decline is still in the works at 2:30pm we get a direction. I think a rate hike is in the works.
A long trade that I took Wheat futures ZWK22 apr2022 and may2022. The stocks that correlate $WEAT and $TAGS they are a few more so do your own DD.
We are entering a very dangerous period what we are seeing now(war) is a distraction to financial war and I believe a debt crisis few see. I have looked at a few news feed and what I see is forces backing a dog in a corner and when that happens lookout all hell that we have never seen can break loose. They war mongers wants war to distract from what the real problems and mistakes are, which was created by the Build Back Better group. The simple solution is a sit down which Putin(dog) asked for to solve the problem/s and was refused which is why the situation is where it is at now. As of yesterday I'm sitting in 95% cash with a few small plays on the go.
Well here we go futures down and pass support shit is gone from bad to ugly with no end in sight as far as I'm concern. I'm going into this week long commodities and short a shitload of stocks.
If you didn't check out the SEC ruling today in regards to counter-part risks and collection of full margin accounts maybe you should take some time and look it up. today $VXX was halted a few times with the market up 30% this might become a meme stock.
