solo invest : I think there will be a big move at those merging support levels. It’s tanking right now as I’m commenting this
SpyderCallOP solo invest: no joke. its really tanking the past 30 minutes
SpyderCallOP : it is at the 4 hour price channel's support area. This could be a reason for the volatility.
solo invest : I’m looking at your price channel on the 4 hour candles. It should get some buyers to come in around here. Unless it completely craps on itself. The indicators look really bad on this timeframe though. It looks very bearish
SpyderCallOP solo invest: agreed. looks bad at the moment. we will see if its a bear trap
solo invest : Good info. Any predictions??
SpyderCallOP solo invest: i hate predicting earnings. i rarely make a play before earnings off predictions
SpyderCallOP solo invest: Volatility off earnings plays can kill options values
Always Hungryy SpyderCallOP: what I learnt is there are no rules. when earnings is up, people play options to keep it down. when earnings are up, Fed puts out a headline and all prices drop. so there isn't necessarily any logic involved. I wish it wasn't like this, but been burnt enough to teach me there is no guarantee even if earnings are great.
SpyderCallOP Always Hungryy: agreed. a lot of investors sell before earnings and buy afterwards just in case
solo invest : Is J Powell going to kill the markets again? What should I load up on? Gold, the Dollar, Treasury Bonds??
SpyderCallOP solo invest:
im not sure exactly. I like the dollar mostly. Treasury bonds have been getting cheaper for a while now. Gold looks like we will see short term downside for now. who knows??
Where are all the macro analysts at???
Always Hungryy : lots of talk about the jitters. any thoughts on selling everything and cashing out?
SpyderCallOP Always Hungryy: i wouldn't sell out just yet. We have already fallen so much. It is very possible we will take another leg down but recession isn't happening yet. I think not this year. And a lot of people would be buying here considering some prices cheap. Like Warren Buffett
solo invest SpyderCallOP: Some of these plays look good. Some look like they might stay in an uptrend for a bit longer
SpyderCallOP solo invest: You are right. Some of them are still in a rally. I haven't shorted them yet. Always wait for some sort of confirmation.
RDK79 : More earning reports, fed meeting, Russia still destroying Ukraine, massive amounts of export food not leaving Ukraine ports … I think shorters will be fine this week. But I don’t invest in shorts.
solo invest : What do you think crude is going to do?
SpyderCallOP solo invest: Some people are calling for the end of the commodities rally, including oil. If the commodities bull @iamiam is feeling bearish on oil then im on board also. Because he charts show weakness in the oil uptrend
SpyderCallOP solo invest: But oil should remain at a high level for some time i think.
solo invest SpyderCallOP: So should I short oil companies??
SpyderCallOP solo invest: not necessarily. they should keep having good earnings as long as oil remains at elevated levels.
LuckyPiggie : no one like chinese food anymore?
Btan : Opportunity to scoop some bargains
Markio1315 : more and more lockdowns.. Winnie is killing their economy.
KongWeePeh Btan: Need to see short volume. Increase in volume mean the dip is near. 6 mil is Futu dip point.
SpyderCallOP LuckyPiggie: love that stuff. General Tso is my dude
SpyderCallOP : With this much overextension into the red on the 4 hour candles. We may very well see some green today on Monday. It seem almost impossible but I’ve seen crazier. The indicators are EXTREMELY OVERSOLD ON THE 4 HOUR CANDLES
BullyMoo :
SpyderCallOP BullyMoo: I feel the same way. It looks scary. Especially since i wrote this. Its even worse
FAKE investment GuRu : Wa lao. I came to buy pizza also see you here. You are like investment god liao. Omnipresent.
SpyderCallOP FAKE investment GuRu: gotta spread the good info. I love pizza
SpyderCallOP : BTC just made new lows after breaking down below the range. Not good.
SpyderCallOP : With this much overextension into the red on the 4 hour candles. We may very well see some green today on Monday. It seem almost impossible but I’ve seen crazier. The indicators are EXTREMELY OVERSOLD ON THE 4 HOUR CANDLES
71046608 SpyderCallOP: A
LuckyPiggie : sorry for my ignorance... what's the reason for the massive selloff ?
SpyderCallOP :
inflation, Russian war, interest rates and yield curve inversion. Many people are expecting a policy error by the US fed. there are several reasons.
Prospects for growth dont look good for the future. And everybody is trying to get ahead of the selloff which is exacerbating the selloff. Its like reverse FOMO or something. And the largest holders of US bond or not from the US. Most of the selling is from outside the US as well.
But i think the FED should be smarter than everybody is thinking. They wont let the bond market crash too much. But this looks really really bad. Sometimes the FED can fix a leaking pipe. But even the FED cant stop a waterfall....
This is going to be interesting for sure. It appears times might be changing soon
SpyderCallOP LuckyPiggie: melt down by definition
LuckyPiggie SpyderCallOP:
ohh i see. Thank you for the explanation.
I thought it would be logical to affect the 2,3, 5 year bonds ... but 20yr bonds seems too far away. but if many were sold from outside US ... then not only Fed ,i think the whitehouse will be pressing the panic button very soon .
SpyderCallOP LuckyPiggie: i agree. but i wonder what the Whitehouse can even do? i have no idea to be honest.
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iamiam : Good post! I like the food industry plays as a hedge to rising grocery costs and i always like energy. I think your right about playing others as quick bumps is wise.
GO has some recession issues mainly they rely on overbought items from chain retailers, with shortages its becoming difficult for them to find sufficient products.
TWNK and MKC are solid - spices sell well when people try to save money and eat at home more. And Hostess is like cigarettes and booze in a recession Twinkies, Ding Dongs, HoHos, Donettes - will always hold up, (Woody Harrelson's obsession with finding twinkies in the movie Zombieland is a real view of America no matter how bad it gets those things release endorphins)
SpyderCallOP iamiam: Lol. Love that movie. Woody Harrelson is one of my favorites…. I didn’t know that about GO. They are a solid company. Didn’t know they were having troubles. The chart looks like a little dip is in the works very soon. We shall see. Maybe if tech outperforms next week then these value stocks that have been rallying might take a breather. Who knows
solo invest iamiam: Lolll! Coffee cigs and comfort food are inflation proof. Luv those twinkies
SpyderCallOP solo invest: Lolll
Pochong SpyderCallOP: I only like Emma Watson in the movie only. She is so beautiful.
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