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Zog

Zog

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Vix still red and Q's are down 1%.

Volume is real shit today, maybe this mornings volatility hit a lot of people.
 
Jysin

Jysin

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Zog said:
Vix still red and Q's are down 1%.

Volume is real shit today, maybe this mornings volatility hit a lot of people.
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Well, you had a premarket gap up on the words and promises of Putin and nothing else.

There's not much real solid good news to buy into, so we just drift back lower. Neither makes for convincing volume.

The real interest is going to be how much de-risking into the weekend takes place. I still think we chop around this SPY 420-428 range until real news (good or bad).
 
Jysin

Jysin

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That said:

16:58 Market Internals update at 12:00ET
- NYSE volume 345M shares, 16% above its three-month average; decliners lead advancers by 1.5:1.
- NASDAQ volume 2.32B shares, 9% above its three-month average; decliners lead advancers by 1.9:1.
- VIX index -3% at 29.30
 
Sanrith Descartes

Sanrith Descartes

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Blazin said:
Time for some numbers to improve but not a great day, that negative vix is probably the main highlight.
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Cancelled the couple of buy orders I had open. I think we flush on Geo-Political news today at some point. If I am wrong, I will be just as happy.
 
Blazin

Blazin

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Sanrith Descartes said:
Cancelled the couple of buy orders I had open. I think we flush on Geo-Political news today at some point. If I am wrong, I will be just as happy.
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I have stops in place in case we fall apart into the close. Doesn't look good.

Could change with just 15m of some strength nobody wants to go first so far.
 
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Sanrith Descartes

Sanrith Descartes

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Blazin said:
I have stops in place in case we fall apart into the close. Doesn't look good.

Could change with just 15m of some strength nobody wants to go first so far.
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1647020973195.png
 
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Furry

Furry

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Jysin said:
Even if Putin did a 180 and said "Ooopsie, my bad!" and turned Russian troops back home today, I highly doubt foreign business is just going to jump back into Russian markets. The PR optics are bad enough, let alone the risk associated with Putin still in power.
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They'll wait till putine leaves office. Coincidently, I suspect he'll step down and hand off power to a puppet new leader once the Ukraine problem is solved.
 
Blazin

Blazin

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Some improvement in last half hour, see it if it gain some strength or fizzles out...again.
 
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Sanrith Descartes

Sanrith Descartes

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So DIDI the Chinese EV maker ADR now has a share price of $2 but still have a market cap of $9b

1647023718132.png


By contrast SPIR also has a share price of $2 a share but a market cap of $278m.

Which do you think was priced correctly at go public day?
 
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Jysin

Jysin

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JPM really getting beat up after that counterparty news.

17:51 [JPM] Reportedly is the largest counterparty for nickel tycoon Xiang Guangda's short bets - press
** NOTE: 03/10 (CN) China's Xiang Guangda tells banks he plans to continue shorting nickel - press
** Reminder: Chinese tycoon Guangda had built a large short position in nickel futures and is facing billions of dollars in mark-to-market losses after recent nickel price spike
 
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Moglyzoke Moogleman

Moglyzoke Moogleman

This Site Sucks Hairy Asshole
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Moglyzoke Moogleman said:
A tale in two parts :

Premarket price - $42
Current price - $48

Guess who didn't cover. Another winning trade snatched from the Jaws of Victory!
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Finally covered this piece of shit trade. Oof. I needed a few weeks off though so it's all good. Ready to get beat up for next week.
 
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Jysin

Jysin

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SPY death cross is less than 1 point away. We will basically come in Monday for trading and crossed over the weekend.

Let's see how the market reacts. I am sure it will be discussed by the talking heads of CNBC etc like crazy.
 
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Sanrith Descartes

Sanrith Descartes

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Jysin said:
SPY death cross is less than 1 point away. We will basically come in Monday for trading and crossed over the weekend.

Let's see how the market reacts. I am sure it will be discussed by the talking heads of CNBC etc like crazy.
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I used to think shit like the death cross mattered, but not so much today.
 
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