Five most prolific 51% attacks in crypto: Verge, Ethereum ...

WTF Happened in 1971?

In a recent spillover of internet-based long-form intellectual new media into the mainstream, Eric Weinstein appeared as a guest on Ted Cruz's podcast. Eric was well prepared. Cruz played the role of a charitable and engaged critic while avoiding direct confrontation.
The conservation laid bare the intersection of the anti-corporate socialist left and anti-government libertarian right and the potential of these forces as a combined political interest. There was a strong sense of shared acknowledgement of the current crisis and they touched on all the culture war aspects. But I'm more interested in what Eric has pointed to now several times as the root cause of the systemic decline, and what seems to be the original trigger for the slow decay and building of tension that has ultimately led to the rise of darker elements on both the left and right that we see today: a Great Decoupling of productivity (GDP) and wage growth in the early 1970's. The significance of this time period has also been highlighted by Eric's boss, Peter Thiel.
We are referred to https://wtfhappenedin1971.com/, where a collection of charts give the impression that a profound change in the foundations of the economy took place, effectively causing a divergence of all kinds of metrics related to equality, wealth creation, the complexity of regulation, and implicitly downstream effects like political polarization, incarceration rates, and age of marriage.
The simple, seemingly persuasive answer is that the effective cancellation of the gold standard set us on a path towards borrowing ever larger sums to avert financial crises as they arise, and the return to a currency backed by something provably scarce, i.e. bitcoin, is a solution.
I can't say I'm convinced it's that simple. And Eric doesn't mention currency specifically as the problem.
So what I want to know is, was 1971 a real inflection point, the real root of inequality and dysfunction we see today? Was the removal of limits on the Fed's ability to print money a mistake? Or was there some other government action or change at that time that was the real cause? Do we need to let stock market crashes happen from time to time?
A year ago, u/gwern posted a 1986 Atlantic article that described a lot of the problems in black America that are still around 4 decades later and offered more in the way of nuance and insight than most of the discourse we see today. What struck me on revisiting it was how the timing of the decline of Chicago aligns with the early 1970's trigger hypothesis:
In 1970 thirty-seven percent of the population of the area was below the poverty line; in 1980 the figure was 51 percent. In 1970 the unemployment rate was 9.5 percent; in 1980 it was 24.2 percent. In 1970 forty percent of the residents of the neighborhood lived in families with a female head; in 1980 the number had grown to 72 percent. In 1980 of the 54,000 residents 33,000 were on welfare. Experts agree that all of the numbers are even worse today.
My mental model for social issues is that they are mostly rooted in economics. If you have a society that generates wealth, you can pay teachers, doctors, and police well enough to attract competent candidates and the competition necessary to create real expertise. You can afford to build and maintain good infrastructure and spend time on figuring out how to best help the disadvantaged. You have the resources to advance technology and support the arts. You get all the positive feedback loops that come with this.
When wealth generation becomes concentrated and restricted, public institutions start to struggle, people feel they have less opportunity, and social issues start to bubble up like the formation of outgroups of all kinds. A massive oversimplifation, I know, but a useful general framework to approaching issues that avoids (mis)placing blame on cultural degeneracy, "evil" corporations, or other common scapegoats that are largely symptoms of greater problems.
Today, this mindset seems to align with the conservative right, but in the 1986 article it's the "liberal answer" to the problem of ghettos that I identify with:
In Chicago the harbinger of the change was the closing in the late fifties of the stockyards, which for half a century were the sine qua non of lower-class grunt work and a heavy employer of blacks. Chicago lost 200,000 jobs in the seventies; small shut-down redbrick factories that used to make products like boxes and ball bearings dot the city, especially the West Side. The lack of jobs, the argument continues, caused young men in the ghetto to adopt a drifting, inconstant life; to turn to crime; to engage in exaggeratedly macho behavior -- acting tough, not studying, bullying women for money -- as a way to get the sense of male strength that their fathers had derived from working and supporting families. As Murray believes that one simple step, ending all welfare programs, would heal the ghettos, the unemployment school believes that another simple step, jobs, would heal them. "When there's a demand for the participation of the black underclass in the labor force, most of the so-called problems people talk about will evaporate in a generation," says John McKnight. an urban-research professor at Northwestern University.
Indeed, Mr. McKnight. And up until this spring, it looked like the Trump presidency's aggressively pro-jobs and pro-American workers policy was showing promise of vindicating this view - the presence of BLM and racial tensions leading up to 2016 had all but subsided by 2018-2019. I wonder just how little backlash the George Floyd incident would have caused if the pandemic hadn't undone the economic progress of the past 3 years.
Mind you, that "progress" was but a tiny step in the right direction in terms of improving wages and opportunities for the lowest earners. And for all the times the "audit the fed" meme hit the top of the_donald, it now seems impossible that the current administration has any capability or willingness to take the drastic steps needed to address the real root cause that apparently started 50 years ago. To do that, we may need an actual revolution.
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Snowflake

For Trading September 17th
NASDAQ SELLOFF
SNOWFLAKE SURPRISE
FED DAY LETDOWN
Today’s market started off with another rally and at the highs we were +369 on the DJIA, but as Chairman Powell was talking at his press conference we started to fade and we had a downdraft to +130, and in the last 15 minutes we had another one taking us to just above unchanged to finish within pennies of the low +36.78 (.13%). NASDAQ was -139.85 (1.25%), S&P 500 -15.71 (.46%), the Russell +14.17 (.92%) and the DJ Transports +78.18 (.68%) and made a new all-time high at 11,690.82. Market internals were generally healthy with NYSE 1.6:1 and NASDAQ just slightly lower at 1.5:1, with a 20% increase in volume. The DJIA was split 15:15 with only HD, HD, and AAPL 25DP losers and BA +26, the only gainer of $26 DP’s.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 3000 members. I also returned to my radio show today with a great live interview with the Chief Medical Officer of JANONE (JAN) and it was a great show. This is the link to the audio recording including my discussion of the market and the very exciting story of JAN’s phenomenal NON-OPIOID Pain Med! This is the link: https://www.youtube.com/watch?v=oCFCxnijFO4 Enjoy!! TUESDAY’S RADIO SHOW: https://youtu.be/dJGunoIqLZU v With my guest: David Weinstein on Bio-Hacking !!
Tonight’s closing comment video: https://youtu.be/rEftfx47Vdc
SECTORS: We started off the day with Retail sales +.6%, a slight disappointment, although the retail sector was mixed to higher. UAA was a big winner on the back of a new line of women’s basketball shoes and finished the day $12.29 +.63 (5.4%). FDX and ADBE went in separate directions even though they both blew away their earnings numbers. FDX helped drive the Transports to a new high today and finished $250.30 +13.63 (5.8%). ADBE went the other way after the stock moved up to $522 +25 in post market trading but when it opened this morning it could only make it to $505.50 and then fell to 478 by 11:00 and worked its way down to close $476, literally only pennies off the low and -21.67 (4.33%), and almost 50 off the extended hours high. Facebook has some problems with the FTC and that weighed on the stock and today several celebrities calling for a 1-day boycott of the social media site. Whatever it was, the stock closed near its low for the day at $263.52 -8.90 (3.3%). GE gave guidance for cash-flow positive during this 2nd half and the market liked it, sending it up 10.7% at $6.75 +.65. There were two IPOs today for cloud-based software. FROG was priced at $4 and the stock opened $71, traded up to $77 before a bit of a selloff to finish $64.33, or 46% over its pricing. SNOWFLAKE grabbed all the attention being offered at $120 after raising the price several times and then opening $240, moving up to 319 before selling off to close $253.93 133.9% above its offering.
FOOD SUPPLY CHAIN was LOWER with TSN -.04, BGS +,71. FLO +.14, CPB -.09, CAG -.07, MDLZ -.12, KHC -.41, CALM +1.24, JJSF -.12, SAFM -.12, HRL -.36, SJM -2.40, PPC -.04, KR -.58, and PBJ $32.87 -.26 (.78%).
BIOPHARMA was MIXED with BIIB -2.06, ABBV -.82, REGN _10.75, ISRG -24.18, GILD -.65, MYL +.13, TEVA +.13, VRTX +.70, BHC +.64, INCY -1.49, ICPT +.73, LABU+3.74, and IBB $136.70 +.63 (.46%). CANNABIS: was HIGHER with TLRY +.42, CGC +.28, CRON +.04, GWPH -1.23, ACB -.05, NBEV +.03, CURLF +.31, KERN +.18, and MJ $11.43 +.07 (.62%).
DEFENSE: was HIGHER with LMT +3.06, GD +1.64, TXT +/.54, NOC +5.48, BWXT +.55, TDY +2.25, RTX +1.81, and ITA $167.67 +3.01 (1.83%).
RETAIL: was MIXED with M +.13, JWN +.36, KSS +.89, DDS -.21, WMT -.48, TGT -.60, TJX +.50, RL +.65, UAA +.63, LULU -4.49, TPR +1.64, CPRI +1.04, XRT M$51.05 +.24 (.47%).
FAANG & MEGA-CAP were LOWER with GOOGL -23.03, AMZN -70.13, AAPL -2.74, FB -8.02, NFLX -10.69, NVDA -15.82, TSLA -5.02, BABA +1.26, BIDU +.63, CRM +.68, CMG -2.92, BA +4.02, CAT +2.63, DIS +1.16, and XLK $114.67 -1.80 (1.55%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were HIGHER with GS +3.19, JPM +.53, BAC +.33, MS +.73, C +1.34, PNC +2.35, AIG +1.16, TRV +1.02, AXP -.68, V -.19, and XLF $24.99 +.28 (1.13%).
OIL, $40.16 +1.88, Oil was higher all day. I am looking for about another $1.00 or so before I would consider selling it for a correction. The stocks were higher with XLE $33.94 +1.31 (4.01%).
GOLD $1,970.50 +4.30, opened higher but gave up most of the gains and while it did close up on the day, it was near the lows. I did a short update video Wed: https://youtu.be/KJgk-wmVJ4U I am still a bull on the metal, and we have a September bull call spread on using NEM 65/70 calls with a cost of $1.45, which closed today @ $2.35.
BITCOIN: closed $11,015 + 200. After breaking out over $10,000 we have had a “running correction” pushing prices toward $12,000, reaching a recovery high of $12220 Thursday, and after a day of rest in between, we resumed the rally touching $12,635, but have sold off back to support. We had 750 shares of GBTC and sold off 250 last week at $13.93 and still have 500 with a cost of $8.45. GBTC closed $12.07 +.12 today.
Tomorrow is another day.
CAM
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For Trading April 7th

For Trading April 7th
STOCKS RUN-UP Oil Falls
False Hopes
Today was an amazing day! I don’t believe that the bottom has been made, and I don’t think that today was a day to be a buyer, but as my Closing Comments says, “I could not have been more wrong.” We cut through every area of supply that I pointed out in last night’s Weekly Strategies. Here is the closing comment for tonight: https://youtu.be/JHjU3KOAQR8 . My problem with today’s action is that while everyone wants to believe that this was the bottom, historically, it is without precedent. There are many problems that we will face that are not currently known. The earnings of the companies that have no idea how long consumers are not buying clothes at Macy’s or TJ Maxx, or restaurants, where it’s not like you can make up the business with people eating 2 meals at a time. The closure of the Airbus plant in Alabama, or American Airlines cutting their N.Y. flights from 271 /day down to 13 is just not something that can be quantified when it comes to the net effect to both the balance sheet and profits. But the DJIA was +1627.46 (7.73%), NASDAQ +540.16 (7.33%), S&P 500 +175.03 (7.03%), the Russell +86.72 (8.24%) and the DJ Transports +532.38 (7.29%). Market internals left a lot to be desired with the A/D solid at NYSE 9.5:1 and NASDAQ 5.5:1, but volume was anemic with NYSE 1.4 billion and the NASDAQ 3.8 billion. All 30 DJIA stocks were higher with BA leading the way +113.31 DP’s but no other triple digit winners. On the +11.37% gainer on 3/24 there were 10 triple-digit winners. The strongest groups were Information technology, financials and consumer discretionary, with only Consumer Staples weak.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1400 members.
SECTORS: We started with positive numbers from Europe on COVID-19 deaths and the first group pre-market were the some of the smaller biotech firms with Inovio Pharma (INO) started with a gap up and after trading over $8.80, never quite made it back in regular hours and closed $8.44 +.70 (9.04%), Immunomedics (IMMU) ended a trial for their breast cancer treatment because it’s efficacy was confirmed. The stock, which traded as high as $27.33 in 2018 had fallen to $8.80 last week opened the day at $20.09 but sold off a bit to close $18.78 +9.38 (99.79%). Also in the same group, CODX finished $10.31 +2.11 (25.73%) and VIR $36.70 +7.70 (26.55%). In another group, Wayfair beat both revenues and earnings and the home goods company, which traded down from $173 last year to a low of 21.70 on 3/19 gapped up to open $70.28 and closed $71.50 +20.87 (41.22%).
BIOPHARMA: was HIGHER with BIIB +9.58, ABBV +2.31, REGN +10.95, ISRG +37.33 (8.07%), MYL +.30, TEVA +.94 (11.19%), VRTX +17.69 (7.42%), BHC +1.27, INCY +6.80, ICPT +3.90, LABU +4.44 (22.11%) and IBB $110.50 +4.25 (4%).
CANNABIS: This group was HIGHER with TLRY +,45, CGC +1.10, CRON +.20, GWPH +4.78, PYX +.18, NBEV +.05, CURLF +.13, KERN +.80 (14.75%) and MJ $10.96 +.52 (4.98%).
DEFENSE: was HIGHER with LMT +16.50 (4.71%), RTX (the combination of RTN and UTX) was +7.32 (14.66%), gd +8.07, txt +2.49, noc +18.98, bwxt +.42, tdy +19.66 (6.81%) and ITA $148.00 +12.10 (8.9%).
RETAIL: was HIGHER with M + .94 (19.54%), JWN +3.38 (25.9%), KSS +3.04 (26.41%), DDS +8.93 (37.41%), JCP +.05 (18.34%), WMT +5.92, TGT +4.93, TJX +5.15 (12.57%), RL +7.60 (12.46%), UAA +.77, LULU +12.75, TPR +2.09, CPRI +2.17 (25.44%) and XRT $30.21 +3.02 (11.11%).
FAANG and Big Cap: were HIGHER with GOOGL +89.36, AMZN +83.41, AAPL +21.29 (8.82%), FB +10.82, NFLX +17.22, NVDA +25.47 (10.44%), TSLA +32.99, BABA +9.39, BIDU +5.66, BA +23.38 (18.78%), CAT +5.33, DIS +5.92 and XLK $83.70 +6.58 (8.53%).
FINANCIALS were HIGHER with GS +10.07, JPM +5.45, BAC +1.41, MS +3.40, C +3.51, PNC +9.12, AIG +1.11, TRV +5.09, AXP +10.70 (14.54%) and XLF $21.05 +1.41 (7.18%).
OIL, $26.08 -2.26. The explosive moves in Oil recently have been news driven and the cancellation of the OPEC meeting and the threat of tariffs from Mr. Trump have cut off the rally from the $20.00 level. Today’s decline had little to do with the Oil stocks as all were higher. CVX +5.40, XOM +1.40, OXY +.50, NBL +.49, MRO +.02, MPC +3.03 (15.10%), RIG +.05, APA +.62, BP +.28 and XLE $31.41 +1.58 (5.3%).
METALS, GOLD: $1,693.90 + 48.20. After the recent gains, Gold has failed to break through the highs around $1700 until today when it traded $1,715 before selling off a bit. Tonight, it has traded as high as $1742.00 and looks to be higher in the near future.
BITCOIN: closed $7,330 +530. After we traded in a short-range day followed by a $1,000 range on Friday BTC closed above $7,000 for the first time since it broke to the downside early last month. While I want to add the 350 sold just over a week ago, I want to wait and see some stabilization. We still own 400 GBTC with an average of $8.06. GBTC closed $7.95 + .47 today.
Tomorrow is another day.
CAM
submitted by Dashover to options [link] [comments]

Gold new High

For Trading JULY 28th
DKNG FALTERS
“NEW ALL-TIME HIGH FOR GOLD”
BITCOIN RALLIES
Today’s market got off to a mixed start NASDAQ higher and a somewhat subdued start for the DJIA and S&P-500, but the others caught up quickly and all rallied into the close with the DJIA +114.88 (.43%), NASDAQ +173.09 (1.67%), S&P 500 +23.78 (.74%), the Russell +17.10 (1.17%) and the DJ Transports +87.30 (.90%). Market internals continued positive with both NYSE and NASDAQ 1.5:1 higher although volume was down. DJIA was 17 up and 13 down with no major movers but AAPL adding 60 DP’s and BA losing 25. Durable goods gained 7.3% vs. 6.4 expected and that gave the market some solid underpinnings. Commodities were all higher as the U.S. Dollar continues to fall. While I think that we may get a reflex rally shortly, commodities are still cheaper than stocks.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 3000 members. I also did this video over the weekend on a day-trade, (actually 2) that I made in AAPL on Friday. I think it’s highly informative as a guide to under what conditions these kind of trades in expiring options make sense. The link is https://youtu.be/qIV0G-hP3aM Enjoy!!
Tonight’s closing comment video https://youtu.be/FDZWwDnw7qM
SECTORS: DraftKings (DKNG) really took it on the chin today as several baseball teams had players that tested positive for COVID-19. This had a snowball effect and caused a total of 5 teams cancelling games and putting into question the viability of continuing sports available for betting. The NFL is also at odds with the NFL Players association over several issues and that would clearly put into question of whether there will be a season for them also. After the deal with the SPAC to bring the company public the stock had a steady rise from the $12.00 level to a high of $44.79, a decline and a pullback and an attempt to move higher that resulted in a lower high (43.75 in June), and another decline back to 27.54 in July and another lower high of 38.84 last week and the possible start of a new decline. While the stock is a favorite of bettors without sports to bet on and the legions of new RobinHood investors, it is still an “unseasoned security” and is subject to erratic swings. It would not surprise me if baseball ends in the short term to see this one back at $24- $25. On the rise today, TSM up 12.7% on speculation that the INTC news of problems with their new chips would cause them to purchase chips from TSM. After close of $67.37 on Thursday, TSM closed up at 73.90 Friday and gapped up today to finish $83.25 +9.35 (12.7%) and is now $84.88 in after hours.
FOOD SUPPLY CHAIN was HIGHER with TSN -.32, BGS +.95, FLO +.13, CPB +.09, CAG +.36, MDLZ +1.08, KHC +.32, CALM +.84, JJSF +1.60, SAFM -1.38, HRL +.28, SJM +.72, PPC -.29, KR +.18 and PBJ $33.31 +.39 (1.19%).
BIOPHARMA was HIGHER with BIIB +15.19, ABBV +.09, REGN +26.06, ISRG +10.02, GILD +1.00, MYL +.26, TEVA +.07, VRTX +5.72, BHC +1.75, INCY +2.67, ICPT +.97, LABU +5.03 and IBB $140.05 +3.64 (2.67%).
CANNABIS: was HIGHER with TLRY +.31, CGC +1.19, CRON +.30, GWPH +2.58, ACB +.17, CURLF +.56, KERN -.05, and MJ $13.29 +.32 (2.47%).
DEFENSE: was LOWER with LMT -4.12, GD -2.17, TXT -.17, NOC -3.70, BWXT -.34, TDY -1.66, RTX -.73 and ITA $161.05 -2.19 (1.34%).
RETAIL: was LOWER with the brands higher and M -.25, JWN -.89, KSS -.86, DDS -1.08, WMT -.03, TGT -.82, TJX -.81, RL +.16, UAA +.22, LULU +10.50, TPR +.38, CPRI -.20, and XRT $46.67 +.51 (1.10%).
FAANG and Big Cap: were HIGHER with GOOGL +26.39, AMZN +49.32, AAPL +10.52, FB +3.79, NFLX +16.65, NVDA +9.97, TSLA +126, BABA +2.49, BIDU -3.17, CMG +14.74, CAT +2.80, MSFT +3.00, BA -3.61, DIS -1.26 and XLK $106.86 +1.66 (1.58%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were LOWER with GS +1.63, JPM -1.27, BAC -.16, MS +1.14, C -.26, PNC -1.92, AIG -.46, TRV -1.65, AXP +.67, V +2.40, and XLF $24.07 -.20 (.82%).
OIL, $41.60 +.31. Oil was lower in last night’s trading before we rallied in the morning. I mentioned in last night’s charts with comments section in the Weekly Strategies letter, that it is a toss-up for a move in either direction. The stocks were MIXED with XLE $37.55 +.04 (.11%).
GOLD $1,931.00 +33.50. It was a continuation rally and a new recovery high of $1,897.70. I have only the NEM August 65 / 70 spread on in the Gold market. The spread was put on at $1.30 and finished the day @ $2.67.
BITCOIN: closed $10,895 +1,280. After trading back to 8985 we rallied back to close – only $5. Since last week we have closed between 9200 – 92.85 every day with narrow ranges and today was a good start to move higher. A break over 10,000 still sends us higher. We added 350 shares of GBTC @ $10.02 to our position of 400 @ $8.06, bringing our average price to $8.97. GBTC closed $12.15 + 1.77 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

Gold All Time High!

For Trading JULY 28th
DKNG FALTERS
“NEW ALL-TIME HIGH FOR GOLD”
BITCOIN RALLIES
Our NEM spread is still cruising
Today’s market got off to a mixed start NASDAQ higher and a somewhat subdued start for the DJIA and S&P-500, but the others caught up quickly and all rallied into the close with the DJIA +114.88 (.43%), NASDAQ +173.09 (1.67%), S&P 500 +23.78 (.74%), the Russell +17.10 (1.17%) and the DJ Transports +87.30 (.90%). Market internals continued positive with both NYSE and NASDAQ 1.5:1 higher although volume was down. DJIA was 17 up and 13 down with no major movers but AAPL adding 60 DP’s and BA losing 25. Durable goods gained 7.3% vs. 6.4 expected and that gave the market some solid underpinnings. Commodities were all higher as the U.S. Dollar continues to fall. While I think that we may get a reflex rally shortly, commodities are still cheaper than stocks.
Tonight’s closing comment video https://youtu.be/FDZWwDnw7qM
Our discord channel link is in the video description
SECTORS: DraftKings (DKNG) really took it on the chin today as several baseball teams had players that tested positive for COVID-19. This had a snowball effect and caused a total of 5 teams cancelling games and putting into question the viability of continuing sports available for betting. The NFL is also at odds with the NFL Players association over several issues and that would clearly put into question of whether there will be a season for them also. After the deal with the SPAC to bring the company public the stock had a steady rise from the $12.00 level to a high of $44.79, a decline and a pullback and an attempt to move higher that resulted in a lower high (43.75 in June), and another decline back to 27.54 in July and another lower high of 38.84 last week and the possible start of a new decline. While the stock is a favorite of bettors without sports to bet on and the legions of new RobinHood investors, it is still an “unseasoned security” and is subject to erratic swings. It would not surprise me if baseball ends in the short term to see this one back at $24- $25. On the rise today, TSM up 12.7% on speculation that the INTC news of problems with their new chips would cause them to purchase chips from TSM. After close of $67.37 on Thursday, TSM closed up at 73.90 Friday and gapped up today to finish $83.25 +9.35 (12.7%) and is now $84.88 in after hours.
FOOD SUPPLY CHAIN was HIGHER with TSN -.32, BGS +.95, FLO +.13, CPB +.09, CAG +.36, MDLZ +1.08, KHC +.32, CALM +.84, JJSF +1.60, SAFM -1.38, HRL +.28, SJM +.72, PPC -.29, KR +.18 and PBJ $33.31 +.39 (1.19%).
BIOPHARMA was HIGHER with BIIB +15.19, ABBV +.09, REGN +26.06, ISRG +10.02, GILD +1.00, MYL +.26, TEVA +.07, VRTX +5.72, BHC +1.75, INCY +2.67, ICPT +.97, LABU +5.03 and IBB $140.05 +3.64 (2.67%).
CANNABIS: was HIGHER with TLRY +.31, CGC +1.19, CRON +.30, GWPH +2.58, ACB +.17, CURLF +.56, KERN -.05, and MJ $13.29 +.32 (2.47%).
DEFENSE: was LOWER with LMT -4.12, GD -2.17, TXT -.17, NOC -3.70, BWXT -.34, TDY -1.66, RTX -.73 and ITA $161.05 -2.19 (1.34%).
RETAIL: was LOWER with the brands higher and M -.25, JWN -.89, KSS -.86, DDS -1.08, WMT -.03, TGT -.82, TJX -.81, RL +.16, UAA +.22, LULU +10.50, TPR +.38, CPRI -.20, and XRT $46.67 +.51 (1.10%).
FAANG and Big Cap: were HIGHER with GOOGL +26.39, AMZN +49.32, AAPL +10.52, FB +3.79, NFLX +16.65, NVDA +9.97, TSLA +126, BABA +2.49, BIDU -3.17, CMG +14.74, CAT +2.80, MSFT +3.00, BA -3.61, DIS -1.26 and XLK $106.86 +1.66 (1.58%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were LOWER with GS +1.63, JPM -1.27, BAC -.16, MS +1.14, C -.26, PNC -1.92, AIG -.46, TRV -1.65, AXP +.67, V +2.40, and XLF $24.07 -.20 (.82%).
OIL, $41.60 +.31. Oil was lower in last night’s trading before we rallied in the morning. I mentioned in last night’s charts with comments section in the Weekly Strategies letter, that it is a toss-up for a move in either direction. The stocks were MIXED with XLE $37.55 +.04 (.11%).
GOLD $1,931.00 +33.50. It was a continuation rally and a new recovery high of $1,897.70. I have only the NEM August 65 / 70 spread on in the Gold market. The spread was put on at $1.30 and finished the day @ $2.67.
BITCOIN: closed $10,895 +1,280. After trading back to 8985 we rallied back to close – only $5. Since last week we have closed between 9200 – 92.85 every day with narrow ranges and today was a good start to move higher. A break over 10,000 still sends us higher. We added 350 shares of GBTC @ $10.02 to our position of 400 @ $8.06, bringing our average price to $8.97. GBTC closed $12.15 + 1.77 today.
Tomorrow is another day.
CAM
submitted by Dashover to options [link] [comments]

For Trading June 23rd

For Trading JUNE 23rd
New Highs For NASDAQ
Market Recovers from -210
Gold and Oil Higher
Today’s market was an ugly open -210 followed by a recovery, and a close near the highs of the day. The DJIA was +153.50 (.59%), NASDAQ +110.35 (1.1%), S&P 500 +20.12 (.65%), the Russell +14.89 (1.05, and the laggard, Transports -15.77 (.17%). Market internals were slightly positive at 1.2:1 on NYSE and 1.4:1 on the NAZ. Volume was good and about even in both directions. The futures had sold off pretty dramatically in late trading Friday, mostly for rebalancing and that was the overall influence early in the day today, but clearly it was overcome. The DJIA was split 16 up / 14 lower with the big leaders AAPL +63, MSFT +37, NKE +26 and UNH and HD +18 DP’s.
We added some CVS 7/67.50 calls on the decline with an average price of $1.16 and they finished $ .88, and the NEM 7/17 $60’s @ 1.55 and added to on Friday @ $1.30 for an average of $1.47 triggered a 100% Up Rule sale at $2.94 this morning. They closed the day $2.16.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1900 members. I also did this video titled “How to survive being an options trader and not blow up your account,” over the long weekend. I think it’s very informative as a guide to stock selection and option choices. The link is https://youtu.be/Y7H9RpWfLlo Enjoy!!
Tonight’s closing comment video https://youtu.be/Uz52U2O-eqI
SECTORS: Airlines and cruise lines were lower early and spent the day going back and forth before closing near the lows on the news that AAL is going to have to raise more money (burn rate of $40million a month) to do nothing for the company but try to survive. To me, it is a sign of deep distress to have to raise billions of dollars just to survive when these companies would probably be better off chaptering. I realize that wouldn’t do anything for the equity holders, but they made their profits during the 8-year run that raised prices and fees, increasing profits for the companies who did absolutely nothing to plan for the future. Political correctness and misdeeds in the recent past were a problem for FB, who still continues to seem to have the attitude that they owe the public absolutely no explanation or carry any responsibility in what kind of advertising they accept, lost several more advertisers and the ire (correctly, I think) from the NAACP. The stock was the only FAANG stock to not participate in a rally that saw double-digit gains for most. It closed + .06. Some big winners today were SONO, maker of great speaker systems, who received a big upgrade from Citron (generally a “short” firm) who main man Andrew Left did a report that called for the acquisition by AAPL as a strong possibility. His pricing was $30, but the stock has never been over $23.60, so I’m not sure it needs to go that high. It finished the day $14.06 +2.20 (18%). Invitae Corp. (NVTA) was a star today announcing the purchase of a genetic testing firm, Archer D/X , and the news sent the acquirer higher by $8.34 to $27.05, or 44%. When they make sense, the market rewards them.
FOOD SUPPLY CHAIN was MIXED with TSN -1.48, BGS -.12, FLO -.39, CPB +.76, CAG +1.44, MDLZ -.21, KHC -.31, CALM +.41, JJSF -.42, SAFM -1.66, JJSF -.42, SAFM -1.66, HRL -.17, SJM -.17, PPC +.18, KR -.19 and PBJ $31.19 +.26 (.84%).
BIOPHARMA was HIGHER with BIIB -6.15, ABBV +.80, REGN -15.12, ISRG +1.43, GILD -1.54, MYL +.30, TEVA +.38, VRTX -.07, BHC +.06, INCY +4.59, ICPT +2.87, LABU +5.51, and IBB $138.14 +.29 (.21%).
CANNABIS: was MIXED with TLRY +.14, CGC +.01, CRON +.03, GWPH -3.86, ACB +.46, NBEV -.08, CURLF +.05, KERN -.48, and MJ $13.50 -.01 (.07%).
DEFENSE: was HIGHER with LMT +5.80, GD -3.12, TXT -.01, NOC +2.90, BWXT +.36, TDY +4.68, RTX +.68 and ITA $169.73 +1.12 (.96%).
RETAIL was HIGHER with M +.25, JWN +.31, KSS -.18, DDS +.21, WMT +2.55, TGT +2.19, TJX +.36, RL +1.95, UAA +.12, LULU +8.61, TPR +.50, CPRI +.15, and XRT $43.05 +.94 (2.24%).
FAANG and Big Cap: were HIGHER with GOOGL +27.56, AMZN +48.49, AAPL +12.48, FB +.06, NFLX +15.05, NVDA +11.79, TSLA -1.90, BABA +1.71, BIDU +.17, CMG +61.44, CAT -.76, BA +.73, DIS +2.47, and XLK $104.57 +2.61 (2.56%).
FINANCIALS were MIXED with GS +3.27, JPM -.51, BAC -.51, MS +.76, C -.54, PNC +2.05, AIG +.20, TRV +1.00, AXP -.79, V +3.70, and XLF $23.71 -.12 (.59%).
OIL, $40.73 + .90. Oil was under pressure early in the day but managed to rally and close near the highs. I mentioned in tonight’s video that it appears that prices are trying to work higher towards $45.00. The stocks were higher with XLE $39.60 +.53 (1.36%).
GOLD $1766.40 +13.40. It was a clean breakout today after a rally last night, a fall to unchanged in the morning and then a hard run all the way up to $1,779 before a close in the upper part of the range. We bought back the 3rd and final lot of NEM @ $58.86. And, we also added a half position in NEM 7/17 60 calls @ $1.55, and additional 50% @ $1.30 on Friday. We sold half on the 100% Up Rule @ $2.94 this morning.
BITCOIN: closed $9,585 +270. After trading back to 9,300 we rallied to new slightly higher ground. A break over 10,000 still sends us higher. We added 350 shares of GBTC last Wednesday @ $10.02 to our position of 400 @ $8.06, bringing our average price to $8.97. GBTC closed $10.58 + .27 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

Bitcoin 11 Years - Achievements, Lies, and Bullshit Claims So Far - Tooootally NOT a SCAM !!!!

That's right folks, it's that time again for the annual review of how Bitcoin is going: all of those claims, predictions, promises .... how many have turned out to be true, and how many are completely bogus ???
Please post / link this on Bitcoin (I am banned there for speaking the truth, so I cannot do it) ... because it'a way past time those poor clueless mushrooms were exposed to the truth.
Anyway, without further ado, I give you the Bitcoin's Achievements, Lies, and Bullshit Claims So Far ...
.
Bitcoin Achievements so far:
  1. It has spawned a cesspool of scams (2000+ shit coin scams, plus 100's of other scams, frauds, cons).
  2. Many 1,000's of hacks, thefts, losses.
  3. Illegal Use Cases: illegal drugs, illegal weapons, tax fraud, money laundering, sex trafficking, child pornography, hit men / murder-for-hire, ransomware, blackmail, extortion, and various other kinds of fraud and illicit activity.
  4. Legal Use Cases: Steam Games, Reddit, Expedia, Stripe, Starbucks, 1000's of merchants, cryptocurrency conferences, Ummm ????? The few merchants who "accept Bitcoin" immediately convert it into FIAT after the sale, or require you to sell your coins to BitPay or Coinbase for real money, and will then take that money. Some of the few who actually accept bitcoin haven't seen a customer who needed to pay with bitcoin for the last six months, and their cashiers no longer know how to handle that.
  5. Contributing significantly to Global Warming.
  6. Wastes vasts amounts of electricity on useless, do nothing work.
  7. Exponentially raises electricity prices when big miners move into regions where electricity was cheap.
  8. It’s the first "currency" that is not self-sustainable. It operates at a net loss, and requires continuous outside capital to replace the capital removed by miners to pay their costs. It’s literally a "black hole currency."
  9. It created a new way for people living too far from Vegas to gamble all their life savings away.
  10. Spawned "blockchain technology", a powerful technique that lets incompetent programmers who know almost nothing about databases, finance, programming, or blockchain scam millions out of gullible VC investors, banks, and governments.
  11. Increased China's foreign trade balance by a couple billion dollars per year.
  12. Helped the FBI and other law enforcement agents easily track down hundreds of drug traffickers and drug users.
  13. Wasted thousands if not millions of man-hours of government employees and legislators, in mostly fruitless attempts to understand, legitimize, and regulate the "phenomenon", and to investigate and prosecute its scams.
  14. Rekindled the hopes of anarcho-capitalists and libertarians for a global economic collapse, that would finally bring forth their Mad Max "utopia".
  15. Added another character to Unicode (no, no, not the "poo" 💩 character ... that was my first guess as well 🤣)
  16. Provides an easy way for malware and ransomware criminals to ply their trade and extort hospitals, schools, local councils, businesses, utilities, as well as the general population.
.
Correct Predictions:
  1. 2015-12: "1,000 dollar in 2015", u/Luka_Magnotta, aka time traveler from the future, 31-Aug-2013, https://www.reddit.com/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/ (Technically, this prediction is WRONG because the highest price reached in 2015 was $495.56 according to CMC. Yes, Bitcoin reached $1,000 in 2013 and 2014, but that's NOT what the prediction says).
  2. 2017-12: "10,000 in 2017", u/Luka_Magnotta, aka time traveler from the future, 31-Aug-2013, https://www.reddit.com/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/
  3. 2018-04: $10,000 (by April 2018), Mike Novogratz, link #1: https://www.bitcoinprice.com/predictions/, link #2: https://www.bloomberg.com/news/articles/2017-11-21/mike-novogratz-says-bitcoin-will-end-the-year-at-10-000
  4. 2018-12: $10,000 (by 2018), Tim Draper, link #1: https://www.bitcoinprice.com/predictions/, link #2: https://www.youtube.com/watch?v=3AW5s6QkRRY
  5. Any others ? (Please tell me).
.
Bitcoin Promises / Claims / Price Predictions that turned out to be lies and bullshit:
  1. ANONYMOUS
  2. CENSORSHIP RESISTANT
  3. FRICTIONLESS
  4. TRUSTLESS
  5. UNCENSORABLE
  6. UNTRACEABLE
  7. SAFE
  8. SECURE
  9. YOU CANNOT LOSE
  10. NOT A SCAM
  11. PERMISSIONLESS
  12. GUARANTEED PRIVACY
  13. CANNOT BE SEIZED
  14. CANNOT BE CONFISCATED
  15. Be your own bank
  16. Regulation-proof
  17. NO MIDDLEMEN
  18. DECENTRALIZED
  19. Instantaneous transactions
  20. Fast transactions
  21. Zero / No transaction fees
  22. Low transaction fees
  23. A store of value
  24. A deflationary digital asset
  25. "A deflationary digital asset that no single human being can destroy."
  26. "an asset that is equally as dual use as a car, water, or any other traditional element that has existed."
  27. "Digital gold"
  28. Easy to use
  29. Cannot be stolen
  30. Cannot be hacked
  31. Can be mined by anyone
  32. Can be mined by anyone, even with an old computer or laptop
  33. Cannot be centralized
  34. Will return power back to the people.
  35. Not a Ponzi scam
  36. Not a Pyramid scam
  37. Never pay tax again
  38. Your gains cannot be taxed
  39. A currency
  40. An amazing new class of asset
  41. An asset
  42. A means to economic freedom
  43. A store of value
  44. The best investment the word has ever seen
  45. A great investment
  46. Efficient
  47. Scalable
  48. Stable
  49. Resilient
  50. Reliable
  51. Low energy
  52. Low risk
  53. Redistribute wealth to everybody
  54. No more have's and have not's
  55. No more US and THEM
  56. No more disadvantaged people
  57. No more RICH and POOR
  58. No more poor people
  59. Uses amazing new technology
  60. Uses ingenious new technology
  61. Satishi Nakamoto invented ...
  62. Segwit will solve all of Bitcoin's woes
  63. Lightning Network will solve all of Bitcoin's woes
  64. Limited by scarcity
  65. Can only go up in value
  66. Price cannot crash
  67. Has intrinsic value
  68. Value will always be worth more than cost to mine
  69. Adoption by investors is increasing exponentially
  70. Adoption by investors is increasing
  71. Adoption by merchants is increasing exponentially
  72. Adoption by merchants is increasing
  73. You are secure if you keep your coins on an exchange
  74. You are secure if you keep your coins in a hardware wallet
  75. You are secure if you keep your coins in an air-gapped Linux PC
  76. Will change the world
  77. "the next phase in human evolution"
  78. "Blockchain is more encompassing than the internet"
  79. Blockchain can solve previously unsolvable problems.
  80. "The only regulation we need is the blockchain"
  81. "Bank the unbanked"
  82. "To abolish financial slavery and the state's toxic monopoly on money."
  83. "To have better tools in the fight against the state violence and taxation."
  84. "To stamp information on a blockchain forever so we can bypass state censorship, copyrights, patents(informational monopolies) etc."
  85. Will destroy / overthrow FIAT
  86. Will destroy / overthrow the world's governments
  87. Will destroy / overthrow the banking system
  88. Will destroy / overthrow the world economies
  89. Will free people from tyranny
  90. Will give people financial freedom
  91. Will bring world peace
  92. Never going below $19K again
  93. Never going below $18K again
  94. Never going below $17K again
  95. Never going below $16K again
  96. Never going below $15K again
  97. Never going below $14K again
  98. Never going below $13K again
  99. Never going below $12K again
  100. Never going below $11K again
  101. Never going below $10K again
  102. Never going below $9K again
  103. Never going below $8K again
  104. Never going below $7K again
  105. Never going below $6K again
  106. Never going below $5K again
  107. Never going below $4K again
  108. Is NOT a Scam
  109. Hashing Power secures the Bitcoin network
  110. Untraceable, private transactions
  111. Guaranteed privacy
  112. Not created out of thin air
  113. Not created out of thin air by unregulated, unbacked entities
  114. Totally NOT a scam
  115. Is not used primarily by crimonals, drug dealers, or money launderers.
  116. 100% secure
  117. 2010 will be the "Year of Crypto"
  118. 2011 will be the "Year of Crypto"
  119. 2012 will be the "Year of Crypto"
  120. 2013 will be the "Year of Crypto"
  121. 2014 will be the "Year of Crypto"
  122. 2015 will be the "Year of Crypto"
  123. 2016 will be the "Year of Crypto"
  124. 2017 will be the "Year of Crypto"
  125. 2018 will be the "Year of Crypto"
  126. 2019 will be the "Year of Crypto"
  127. 2010: MASS ADOPTION any day now"
  128. 2011: MASS ADOPTION aany day now"
  129. 2012: MASS ADOPTION aaany day now"
  130. 2013: MASS ADOPTION aaaany day now"
  131. 2014: MASS ADOPTION aaaaany day now"
  132. 2015: MASS ADOPTION aaaaaany day now"
  133. 2016: MASS ADOPTION aaaaaaany day now"
  134. 2017: MASS ADOPTION aaaaaaaany day now"
  135. 2018: MASS ADOPTION aaaaaaaaany day now"
  136. 2019: MASS ADOPTION aaaaaaaaany day now"
  137. "Financial Freedom, bro."
  138. no single entity, government or individual, can alter or reverse its transactions
  139. insurance against the tyranny of state
  140. Bitcoin has come to destroy all governments and bring about the libertarian utopia of my dreams.
  141. The major issues in Bicoin's network will be fixed. This is still early days, Bitcoin has only been around for 2+ years.
  142. The major issues in Bicoin's network will be fixed. This is still early days, Bitcoin has only been around for 5+ years.
  143. The major issues in Bicoin's network will be fixed. This is still early days, Bitcoin has only been around for 7+ years.
  144. The major issues in Bicoin's network will be fixed. This is still early days, Bitcoin has only been around for 9+ years.
  145. 1,000's of predictions of skyrocketing and/or never falling prices
  146. Escape the petty rivalries of warring powers and nation states by scattering control among the many. The Bitcoin Cash debacle proves that even the most cryptographically secure plans of mice and men often go awry. Ref: https://www.reddit.com/Buttcoin/comments/9zfhb6/like_theres_only_one_flaw_with_buttcoin_crash/ea8s11m
  147. People will NEVER be able to welch out of bets or deals again. Nov-2018, Ref: https://www.reddit.com/Buttcoin/comments/9zvpl2/the_guy_who_made_the_1000_bet_that_btc_wouldnt/
  148. "Everything will be better, faster, and cheaper.", Brock Pierce, EOS.io shill video.
  149. "Everything will be more connected.", Brock Pierce, EOS.io shill video.
  150. "Everything will be more trustworthy.", Brock Pierce, EOS.io shill video.
  151. "Everything will be more secure.", Brock Pierce, EOS.io shill video.
  152. "Everything that exists is no-longer going to exist in the way that it does today.", Brock Pierce, EOS.io shill video.
  153. "Everything in this world is about to get better.", Brock Pierce, EOS.io shill video.
  154. You are a slave to the bankers
  155. The bankers print money and then you pay for it
  156. Bitcoin is The Peoples Money
  157. Bitcoin will set you free
  158. Bitcoin will set you free from the slavery of the banks and the government Ref: https://www.reddit.com/Bitcoin/comments/cd2q94/bitcoin_shall_set_you_free/
  159. ~~Bitcoin is "striking fear into the hearts of bankers, precisely because Bitcoin eliminates the need for banks. ~~, Mark Yusko, billionaire investor and Founder of Morgan Creek Capital, https://www.bitcoinprice.com/predictions/
  160. "When transactions are verified on a Blockchain, banks become obsolete.", Mark Yusko, billionaire investor and Founder of Morgan Creek Capital, https://www.bitcoinprice.com/predictions/
  161. SnapshillBot quotes from delusional morons:
  162. "A bitcoin miner in every device and in every hand."
  163. "All the indicators are pointing to a huge year and bigger than anything we have seen before."
  164. "Bitcoin is communism and democracy working hand in hand."
  165. "Bitcoin is freedom, and we will soon be free."
  166. "Bitcoin isn't calculated risk, you're right. It's downright and painfully obvious that it will consume global finance."
  167. "Bitcoin most disruptive technology of last 500 years"
  168. "Bitcoin: So easy, your grandma can use it!"
  169. "Creating a 4th Branch of Government - Bitcoin"
  170. "Future generations will cry laughing reading all the negativity and insanity vomited by these permabears."
  171. "Future us will thank us."
  172. "Give Bitcoin two years"
  173. "HODLING is more like being a dutiful guardian of the most powerful economic force this planet has ever seen and getting to have a say about how that force is unleashed."
  174. "Cut out the middleman"
  175. "full control of your own assets"
  176. "reduction in wealth gap"
  177. "no inflation"
  178. "cannot print money out of thin air"
  179. "Why that matters? Because blockchain not only cheaper for them, it'll be cheaper for you and everyone as well."
  180. "If you are in this to get rich in Fiat then no. But if you are in this to protect your wealth once the current monetary system collapse then you are protected and you'll be the new rich."
  181. "Theres the 1% and then theres the 99%. You want to be with the rest thats fine. Being different and brave is far more rewarding. No matter your background or education."
  182. "NO COINERS will believe anything they are fed by fake news and paid media."
  183. "I know that feeling (like people looking at you as in seeing a celebrity and then asking things they don't believe until their impressed)."
  184. "I literally walk round everyday looking at other people wondering why they even bother to live if they don't have Bitcoin in their lives."
  185. "I think bitcoin may very well be the best form of money we’ve ever seen in the history of civilization."
  186. "I think Bitcoin will do for mankind what the sun did for life on earth."
  187. "I think the constant scams and illegal activities only show the viability of bitcoin."
  188. "I think we're sitting on the verge of exponential interest in the currency."
  189. "I'm not using hyperbole when I say Satoshi found the elusive key to World Peace."
  190. "If Jesus ever comes back you know he's gonna be using Bitcoin"
  191. "If this idea was implemented with The Blockchain™, it would be completely flawless! Flawless I tell you!"
  192. "If you're the minimum wage guy type, now is a great time to skip food and go full ramadan in order to buy bitcoin instead."
  193. "In a world slipping more and more into chaos and uncertainty, Bitcoin seems to me like the last solid rock defeating all the attacks."
  194. "In this moment, I am euphoric. Not because of any filthy statist's blessing, but because I am enlightened by own intelligence."
  195. "Is Bitcoin at this point, with all the potential that opens up, the most undervalued asset ever?"
  196. "It won't be long until bitcoin is an everyday household term."
  197. "It's the USD that is volatile. Bitcoin is the real neutral currency."
  198. "Just like the early Internet!"
  199. "Just like the Trojan Horse of old, Bitcoin will reveal its full power and nature"
  200. "Ladies if your man doesnt have some bitcoin then he cant handle anything and has no danger sex appeal. He isnt edgy"
  201. "let me be the first to say if you dont have bitcoin you are a pussy and cant really purchase anything worldwide. You have no global reach"
  202. "My conclusion is that I see this a a very good thing for bitcoin and for users"
  203. "No one would do such a thing; it'd be against their self interests."
  204. "Ooh lala, good job on bashing Bitcoin. How to disrespect a great innovation."
  205. "Realistically I think Bitcoin will replace the dollar in the next 10-15 years."
  206. "Seperation of money and state -> states become obsolete -> world peace."
  207. "Some striking similarities between Bitcoin and God"
  208. "THANK YOU. Better for this child to be strangled in its crib as a true weapon for crypto-anarchists than for it to be wielded by toxic individuals who distort the technology and surrender it to government and corporate powers."
  209. "The Blockchain is more encompassing than the internet and is the next phase in human evolution. To avoid its significance is complete ignorance."
  210. "The bull run should begin any day now."
  211. "The free market doesn't permit fraud and theft."
  212. "The free market will clear away the bad actors."
  213. "The only regulation we need is the blockchain."
  214. "We are not your slaves! We are free bodies who will swallow you and puke you out in disgust. Welcome to liberty land or as that genius called it: Bitcoin."
  215. "We do not need the bankers for Satoshi is our saviour!"
  216. "We have never seen something so perfect"
  217. "We must bring freedom and crypto to the masses, to the common man who does not know how to fight for himself."
  218. "We verified that against the blockchain."
  219. "we will see a Rennaisnce over the next few decades, all thanks to Bitcoin."
  220. "Well, since 2006, there has been a infinite% increase in price, so..."
  221. "What doesn't kill cryptocurrency makes it stronger."
  222. "When Bitcoin awake in normally people (real people) ... you will have this result : No War. No Tax. No QE. No Bank."
  223. "When I see news that the price of bitcoin has tanked (and thus the market, more or less) I actually, for-real, have the gut reaction "oh that’s cool, I’ll be buying cheap this week". I never knew I could be so rational."
  224. "Where is your sense of adventure? Bitcoin is the future. Set aside your fears and leave easier at the doorstep."
  225. "Yes Bitcoin will cause the greatest redistribution of wealth this planet has ever seen. FACT from the future."
  226. "You are the true Bitcoin pioneers and with your help we have imprinted Bitcoin in the Canadian conscience."
  227. "You ever try LSD? Perhaps it would help you break free from the box of state-formed thinking you have limited yourself..."
  228. "Your phone or refrigerator might be on the blockchain one day."
  229. The banks can print money whenever they way, out of thin air, so why can't crypto do the same ???
  230. Central Banks can print money whenever they way, out of thin air, without any consequences or accounting, so why can't crypto do the same ???
  231. It's impossible to hide illegal, unsavory material on the blockchain
  232. It's impossible to hide child pornography on the blockchain
  233. Fungible
  234. All Bitccoins are the same, 100% identical, one Bitcoin cannot be distinguished from any other Bitcoin.
  235. The price of Bitcoin can only go up.
  236. "Bubbles are mathematically impossible in this new paradigm. So are corrections and all else", John McAfee, 7 Dec 2017 @ 5:09 PM,https://mobile.twitter.com/officialmcafee/status/938938539282190337
  237. Scarcity
  238. The price of Bitcoin can only go up because of scarcity / 21 million coin limit. (Bitcoin is open source, anyone can create thir own copy, and there are more than 2,000+ Bitcoin copies / clones out there already).
  239. immune to government regulation
  240. "a world-changing technology"
  241. "a long-term store of value, like gold or silver"
  242. "To Complex to Be Audited."
  243. "Old Auditing rules do not apply to Blockchain."
  244. "Old Auditing rules do not apply to Cryptocurrency."
  245. "Why Bitcoin has Value: SCARCITY.", PlanB, Coin Shill, 22-Mar-2019, https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
  246. "Bitcoin is the first scarce digital object the world has ever seen, it is scarce like silver & gold, and can be sent over the internet, radio, satellite etc.", PlanB, Coin Shill, 22-Mar-2019, https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
  247. "Surely this digital scarcity has value.", PlanB, Coin Shill, 22-Mar-2019, https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
  248. Bitcoin now at $16,600.00. Those of you in the old school who believe this is a bubble simply have not understood the new mathematics of the Blockchain, or you did not cared enough to try. Bubbles are mathematically impossible in this new paradigm. So are corrections and all else", John McAfee, 7 Dec 2017 @ 5:09 PM,https://mobile.twitter.com/officialmcafee/status/938938539282190337
  249. "May 2018 will be the last time we ever see $bitcoin under $10,000", Charlie Shrem, bitcoin advocate and convicted felon, 11:31 AM 3-May-2018, https://twitter.com/CharlieShrem/status/992109375555858433
  250. "Last dip ever.", AngeloBTC, 14 Oct 2018, https://mobile.twitter.com/AngeloBTC/status/1051710824388030464/photo/1
  251. "Bitcoin May Have Just Experienced its Final Shakeout Before a Big Rally", Joseph Young, coin shill, October 15, 2018 22:30 CET, https://www.ccn.com/bitcoin-may-have-just-experienced-its-final-shakeout-before-a-big-rally/
  252. Bitcoin would be a buy if the price fell under $5,000., Mohamed El-Erian, chief economic advisor at Allianz, 29-Jun-2018, https://www.ccn.com/bitcoin-a-buy-below-5000-says-allianz-chief-economic-adviso
  253. 2013-11-27: ""What is a Citadel?" you might wonder. Well, by the time Bitcoin became worth 1,000 dollar [27-Nov-2013], services began to emerge for the "Bitcoin rich" to protect themselves as well as their wealth. It started with expensive safes, then began to include bodyguards, and today, "earlies" (our term for early adapters), as well as those rich whose wealth survived the "transition" live in isolated gated cities called Citadels, where most work is automated. Most such Citadels are born out of the fortification used to protect places where Bitcoin mining machines are located. The company known as ASICminer to you is known to me as a city where Mr. Friedman rules as a king.", u/Luka_Magnotta, aka time traveler from the future, 31-Aug-2013, https://www.reddit.com/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/
  254. 2018-02: Bitcoin price to hit $27,000 by February 2018, Trace Mayer, host of the Bitcoin Knowledge Podcast, and self-proclaimed entrepreneur, investor, journalist, monetary scientist and ardent defender, Link #1: https://mobile.twitter.com/TraceMayestatus/917260836070154240/photo/1, Link #2: https://www.bitcoinprice.com/predictions/
  255. 2018-06: "Bitcoin will surpass $15,000 in June [2018]." John McAfee, May 25, 2018, https://bitcoinist.com/john-mcafee-says-bitcoin-will-surpass-15000-in-june/
  256. 2018-07: Bitcoin will be $28,000 by mid-2018, Ronnie Moas, Wall Street analyst and founder of Standpoint Research, http://helpfordream.com/2018/12/23/5-bitcoin-price-predictions-gone-wrong/.
  257. 2018-12: Bitcoin to reach a price of between 40,000 and 110,000 US dollars by the end of the 2017 bull run ... sometime before 2019, Masterluc, 26-May-2017, an anonymous "legendary" Bitcoin trader, Link #1: https://www.tradingview.com/chart/BTCUSD/YRZvdurN-The-target-of-current-bubble-lays-between-40k-and-110k/, Link #2: https://www.bitcoinprice.com/predictions/
  258. 2018-12: "There is no reason why we couldn’t see Bitcoin pushing $50,000 by December [2018]", Thomas Glucksmann, head of APAC business at Gatecoin, Link #1: https://www.bitcoinprice.com/predictions/
  259. 2018-12: Listen up you giggling cunts... who wants some?...you? you want some?...huh? Do ya? Here's the deal you fuckin Nerds - Butts are gonna be at 30 grand or more by next Christmas [2018] - If they aren't I will publicly administer an electronic dick sucking to every shill on this site and disappear forever - Until then, no more bans or shadow bans - Do we have a deal? If Butts are over 50 grand me and Lammy get to be mods. Deal? Your ole pal - "Skully" u/10GDeathBoner, 3-Feb-2018 https://www.reddit.com/Buttcoin/comments/7ut1ut/listen_up_you_giggling_cunts_who_wants_someyou/
  260. 2018-12: 1 bitcoin = 1 Lambo. Remind me on Christmas eve [2018] u/10GDeathBoner, 3-Feb-2018, https://www.reddit.com/Buttcoin/comments/7ut1ut/listen_up_you_giggling_cunts_who_wants_someyou/dtn2pna
  261. 2018-12: Been in BTC since 2014 and experienced many "deaths" of BTC... this too shall pass... $10k end of the year. [2018] u/Exxe2502, 30-Jun-2018 https://reddit.com/Bitcoin/comments/8uur27/_/e1ioi5b/?context=1
  262. 2018-12: "Yale Alumni prediction - 30 Grand by Christmas [2018] - and you my friend... you will be the one eating Mcafee's dick in 2020. :) -:", u/SirNakamoto, 15-Jun-2018, https://www.reddit.com/Buttcoin/comments/8r0tyh/fdic_agrees_to_cover_bitcoin_losses_in_event_of/e0nzxq7
  263. 2018-12: "Impossible For Bitcoin Not to Hit $10,000 by This Year (2018)", Mike Novogratz, a former Goldman Sachs Group Inc. partner, ex-hedge fund manager of the Fortress Investment Group and a longstanding advocate of cryptocurrency, 22-Sep-2018, https://www.newsbtc.com/2018/09/22/billionaire-novogratz-impossible-for-bitcoin-not-to-hit-10000-by-this-yea
  264. 2018-12: "[Bitcoin] between $13,800 and $14,800 [by end of 2018]", Fundstrat's Tom Lee, 13-Dec-2018, https://www.cnbc.com/2018/12/13/wall-streets-bitcoin-bull-tom-lee-we-are-tired-of-people-asking-us-about-target-prices.html
  265. 2018-12: "Bitcoin is going to be $15k-$20k by the end of the year (2018)", Didi Taihuttu, 1-Nov-2018, https://www.wsj.com/video/series/moving-upstream/the-bitcoin-gamble/85E3A4A7-C777-4827-9A3F-B387F2AB7654
  266. 2018-12: 2018 bitcoin price prediction reduced to $15,000 [was $25,000], Fundstrat's Tom Lee, 16-Nov-2018, https://www.cnbc.com/2018/11/16/wall-streets-crypto-bull-tom-lee-slashes-year-end-forecast-by-10000.html
  267. 2018-12: "I want to be clear, bitcoin is going to $25,000 by year end (2018)", Fundstrat's Tom Lee, 5-Jul-2018, https://www.cnbc.com/video/2018/07/05/tom-lee-i-want-to-be-clear-bitcoin-is-going-to-25000-by-year-end.html
  268. 2018-12: "Bitcoin could be at $40,000 by the end of 2018, it really easily could", Mike Novogratz, a former Goldman Sachs Group Inc. partner, ex-hedge fund manager of the Fortress Investment Group and a longstanding advocate of cryptocurrency, 21-Sep-2018, https://www.youtube.com/watch?v=6lC1anDg2KU
  269. 2018-12: "Bitcoin will be priced around $50,000 by the end of the year (2018)", Bitcoin bull Arthur Hayes, co-founder and CEO of BitMEX, 29-Jun-2018, https://www.cnbc.com/2018/06/29/bitcoin-will-reach-50000-in-2018-says-founder-of-bitcoin-exchange.html
  270. 2018-12: "Bitcoin could definitely see $50,000 in 2018", Jeet Singh, cryptocurrency portfolio manager, speaking in January 2018 at the World Economic Forum in Davos, https://www.dcforecasts.com/new-prediction-says-bitcoin-hit-50000-2018/
  271. 2018-12: "Bitcoin will hit $100,000 this year (2018)", Kay Van-Petersen, an analyst at Saxo Bank, 17-Jan-2018, https://www.cnbc.com/2018/01/16/bitcoin-headed-to-100000-in-2018-analyst-who-forecast-2017-price-move.html
  272. 2018-12: "Bitcoin price to surpass the $100,000 mark by the end of 2018", Tone Vays, 21-Sep-2017, https://www.ccn.com/prominent-bitcoin-trader-price-is-heading-towards-100000-in-2018/
  273. 2018-12: "Bitcoin’s Price Will Surpass the $100,000 Mark by the End of 2018", Anonymous ("author" obviously too embarrassed to put his name to such bullshit "articles"), Oct-2018, https://investingpr.com/bitcoin-price-predictions-for-2018/
  274. 2018-12: "Our [2018] year-end bitcoin target is $7700.", James Stefurak, Founder at Monarch Research. See article: "Experts Forecast Bitcoin will rise by 2019", REF: https://hackernoon.com/experts-forecast-bitcoin-will-rise-by-2019-f4af8807036b?gi=dfea3c30d6d8
  275. 2018-12: "... we’ll see the price rally reaching its all-time of high of around $20K before the end of 2018", Khaled Khorshid, Co-Founder at Treon ICO. See article: "Experts Forecast Bitcoin will rise by 2019", REF: https://hackernoon.com/experts-forecast-bitcoin-will-rise-by-2019-f4af8807036b?gi=dfea3c30d6d8
  276. 2018-12: Bitcoin will end 2018 at the price point of $50,000, Ran Neuner, host of CNBC’s show Cryptotrader and the 28th most influential Blockchain insider according to Richtopia,https://www.bitcoinprice.com/predictions/
  277. Plus a whole host of wrong 2019 predictions (could not be included here because of post character limit issues), so please see my earlier post from 4 days ago: Ummm, remember those "Expert" Bitcoin Price Predictions for 2019 ..... ohhhhh dear ....., https://www.reddit.com/Buttcoin/comments/eiqhq3/ummm_remember_those_expert_bitcoin_price/
.
But it's NOT all bad news, some claims and promises are yet to be determined:
  1. Never going below $3K again
  2. Never going below $2K again
  3. Never going below $1K again
  4. Any others ? Please let me know.
submitted by Crypto_To_The_Core to Buttcoin [link] [comments]

30+ Reasons Why Cryptocurrencies Are Worthless

1)It is possible to change the code through a miner vote or a fork and change the total supply or anything. DASH did it : they reduced the total supply from 84M to 18.9M a few years ago. They could also increase it to 999 Trillions if they wanted to so that millions of DASH are mined every week.

2)You can also fork bitcoin anytime , start over from 0 and claim it's the real bitcoin. (BCH , BSV , BTG , LTC , BCD etc)

3)Why would you pay $10,000 for a digital collectible unit called BTC when you can use BCH or TRX or LTC .. you name it. They work just as fine and cost less. There is no rarity like in gold.

4)Think of any amount you hold in ethereum as a gift card to use smart contracts on the ETH blockchain. Ridiculous. You’d rather hold a wal mart gift card or even simply cash.

5)Private keys may be bruteforced as we speak. Quintillions entries a second. When they’ll have enough bitcoins under control , they could move them all at once instantly.(At least 45,000 ETH have been stolen this way for now through ethereum bandit)SHA 256 is too old , bitcoin is 10 years old , it is not secure enough , quantum computing could potentially break it.

6)And that’s if people don’t find a way to create an infinite amount of coins to sell on exchanges.. it happened with monero , stellar , bitcoin , zcash , zcoin , eos , etc..

proofs :

“Bitcoin , Coindesk : “The Latest Bitcoin Bug Was So Bad, Developers Kept Its Full Details a Secret”an attacker could have actually used it to create new Bitcoin — above the 21 million hard-cap of coin creation — thereby inflating the supply and devaluing current bitcoins.”

Stellar : “Stellar Inflation: Glitch Leads to 2.25 Billion Extra XLM Printed”

Monero : “A bug in the Monero (XMR) wallet software that could enable fake deposits to exchanges has been recently brought to public attention through a Medium post”

Zcoin : Forged coins were created, but not exceeding 1% of the circulating supply. We will release further details on exact numbers when Sigma is released.

EOS : “Hackers Forge Billion EOS Coins to Steal Real Crypto From DEX “

Zcash : “Zcash Team Reveals It Fixed a Catastrophic Coin Counterfeiting Bug” etc..

7)Segwit , and especially Lightning network is a very complex technology and it will inevitably have flaws , bugs , it will be exploited and people will lose money. That alone can cause bitcoin to drop very low levels.

8)Then miners may be losing millions so they will stop mining , blocks may be so slow , almost no transaction will come though , and bitcoin may not have enough time to reach the next difficulty adjustement. This is reffered to as a death spiral. Then every crypto even those with no mining involved may crash hard.

9)Many crypto wallets are unsafe and have already caused people to lose all their investment , including the infamous “parity wallet”.

10)It is NOT trustless. you have to trust the wallet you’re using is not just generating an address controlled by the developper , you have to trust the node the wallet connects to is an honest node , you have to trust a Rogue state or organization with enough computing power will not 51% attack the network. etc..

11)Bitcoin is NOT deflationary. Bitcoins are created every blocks (roughly every 10 minutes) and you wil be dead by the time we reach the 21 million current hard cap.

12)Bitcoin price may artificially be inflated by Tether.

13)It’s an energy waste , an environmental catastrophy.

14)The only usecases are money laundering , tax evasion , gambling , buying on the dark net , evading sanctions and speculation.

15)Governments will ban it if it gets too big , and they have a big incentive to do so , not only for the obscure usecases but also because it threatens the stability of sovereign currencies. Trump could kill bitcoin with one tweet , force fiat exchanges to cease activity.

16)Most cryptos are scams , the rest are just crazy speculative casino investments.

17)It is pyramidal : early adopters intend to profit massively while last comers get crushed. That's not how money works. The overwhelming majority of crypto holders are buying it because they think they will be able to sell it to a higher price later. Money is supposed to be rather stable. That's why the best cryptocurrencies are USDT USDC etc..

18)The very few stores accepting bitcoin always have the real price in the local currency , not in bitcoin. And prices like 0.00456329 BTC are ridiculous !

19)About famous brokers listing bitcoin : they have to meet the demand in order to make money , it doesn't mean they approve it , some even short it (see interactive broker's CEO opinion on bitcoin)

20)People say cash is backed by nothing and losing value slowly , and yes it is very flawed , but there is a whole nation behind it , it's accepted everywhere , you can buy more things with it.

21)Everybody in crypto thinks that there will be a new bullrun and that then , they will sell. But because everybody thinks it will happen , it might not happen. The truth is past performance doesn’t indicate future performance and it is absolutely not guaranteed that there will ever be another bullrun. The markets are unpredictable.

22)Also BTC went from about $0.003 to the price it is today , so don’t think it’s cheap now.

23)There is no recourse if you’re scammed/hacked/made a mistake in the address etc. No chargebacks. But it might be possible to do a rollback (blockchain reorganization) to reverse some transactions. BSV did it.

24)In case of a financial crisis , the speculative assets would crash the most and bitcoin is far from being a non speculative safe heaven ; and governments might ban it to prevent fiat inflation to worsen.

25) Having to write down the private key somewhere or memorize it is a security flaw ! It’s insane to think a system like this will gain mass adoption.

26) The argument saying governments can not ban it because it is decentralized (like they banned drugs) doesn’t work for cryptos. First , drugs are much harder to find and much more expensive and unsafe because of the ban , and people are willing to take the risk because they like it. But if crypto is banned , value will drop too much , and if you can’t sell it for fiat without risking jail , goodluck to find a buyer. Fiat exchanges could close. Banks could terminate every crypto related bank account. And maybe then the mining death spiral would happen and kill all cryptos.

27) Crypto doesn’t exist. It’s like buying air. It’s just virtual collectibles generated by a code. Faguzzi, fugazzi, it’s a whazzie, it’s a whoozie.. it’s a.. fairy dust. It doesn’t exist. It’s never landed. It’s no matter, it’s not on the elemental chart. It… it’s not fucking real!

28) Most brilliant guys have come out and said Bitcoin was a scam or worthless. Including Bill Gates , Warren Buffet , The Wolf Of Wall Street…

29) Inflation is necessary for POW , BTC code will have to be changed to bypass the 21M cap or mining will die ! If BTC code is not changed to allow for miners to be paid reasonably , they will cease mining when the bitcoin block reward gets too low.Even monero understood it ,the code will have to be changed to allow for an infinite bitcoin supply (devaluating all current bitcoins) or the hash will decrease and the security of bitcoin will decrease dramatically and be 51% attacked

30) Don’t mix up blockchain and cryptos. Even blockchain is overrated. But when you hear this or that company is going blockchain , it doesn’t mean they support cryptocurrencies.

31) Craig Wright had a bitcoin mining company with Dave Kleinman (he died) and on january 1 2020 he claims he will be able to access the 1.1M BTC/BCH/BTG from the mining trust. He may or may not dump them on the market , he also said BTC had a fatal flaw and that by 2019 there will be no more BTC.

32) Hacks in cryptos are very common and usually massive. Billions of dollars in crypto have been stolen in the last 6 years. In may 2019 Binance was hacked and lost 7,000 BTC (and it’s far from being the biggest crypto hack).

33) Bitcoin was first. It's an ancient technology. Newer blockchains have privacy, smart contracts, distributed apps and more.Bitcoin is our future? Was the Model T the future of the automobile? (John Mc Afee)

34) IOTA investiguating stolen funds on mainnet. IOTA shuts down the whole network to deal with trinity wallet attack.

35) Compared to bitcoin other cryptos work just as fine and don't waste so much energy.

36 ) Everytime miners disagree on the updates it will create another version of bitcoin : problem of governance and legitimacy.

37) Cryptos are only legitimate if they act as a credit for a redeemable asset like USDT or gold backed coins.


While the native language of the writter is not english , I think you get the point and it doesn't make it any less relevant.
submitted by OverTheRedHills to u/OverTheRedHills [link] [comments]

Ouch!

For Trading March 10th
HISTORIC ACTION
Is Cruising Over?
Entire Yield Curve Under 1%
Today’s market was down from overnight with the futures hitting “limit down” before 4:00AM. The DJIA opened at 9:30, like always, but was halted within 4 minutes after hitting the “circuit-breakers” at -7% and trading was stopped for 15-minutes after which we reopened and headed lower again, touching -1946, and by noon we had recovered to only -1183, but by 3:00 we had made a new low of 23,706 -2158 before a rally to -1650 before another sell-off to close DJIA – 2013.76 (7.79%), NASDAQ -624.94 (7.29%), S&P 500 -225.81 (7.60%), the Russell -135.79 (9.37%, and DJ Transports, the biggest loser -874.21 (9.76%). Market internals were just short of absurd with numbers that I had to go to several sources to make sure were correct. NYSE raw numbers were 70:2973 or 43:1 and NASDAQ was 169:3190 or 19:1. The DJIA was 30:0 after WMT, which held on all day fell into the red. The biggest losers were not double, but triple-digit movers with BA -237, AAPL -155, GS -136, HD -123, CAT -117, and JPM -100DPs. The only single digit losers were VZ and WMT. It was an interesting day, but not one I’d like to see too often. The market was influenced by not only COVID-19, but also the fact that OPEC couldn’t come up with an agreement to limit oil production. Over the weekend Saudi Arabia declared a price war with Russia, the main opponent to any agreement. Interest rates continued to fall, and that, along with the oil news sent the banking names down dramatically. I’ll list those below in their sector.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights.
SECTORS: Other names in the news: It was a very tough day for everyone. While we did have a “Merger Monday” deal between AON and WLTW, neither of the participants made any headway. AON Plc, is buying Willis, Towers, Watson in the biggest insurance transaction ever and creating the world’s largest insurance broker, surpassing Marsh & McLennan (MMC) and worth about $80Billion.
There were a couple of names higher, just a few, and the main ones were in the auto parts segment with ORLY finishing $373.63 +5.55 (1.51%), AZO, $1113.69 +53.38 (5.03%) and AAP $130.36 +2.45 (1.92%). This group has been weak for the past 4-6 months. Also higher was discounter DLTR, $83.51 +3.27 (4.08%).
The Cruise lines continued to fall with all making new lows. RCL fell to $48.27 - 16.74 (25.75%) and down from $135 in January. CCL fell to $21.74 -5.41 (19.93%) and down from $52, while NCLH was $19.81 – 7.29 (26.9%) and down from $60. This is absolutely uninvestable. There will clearly be a point at which the shorts cover, but this group is dead money for a while.
In more COVID-19 news, Inovio (INO) which moved from $2.40 to $16.00 on the news that it would start human trials of its vaccine in April. This morning at $19.36 before collapsing all the way back to $8.53 before closing $9.83 -4.26 (30.23%).
But the HOMERUN OF THE DAY was another name I talked about in this space, AIM Immuno-Tech, Inc (AIM). The company said that its drug, Ampligen will begin testing at National Inst. Of Infectious Diseases in Japan that could play an important role in developing a protective early-onset therapy for COVID-19. The stock has been reverse split both 1:12 in 2016 and more recently 1:44 last June and traded under $ .40 had moved up to $3.50 this month and traded up on the news finishing $6.10 +4.00 (190%) and is continuing in extended hours to $8.75 and is currently $7.69 up an additional $1.59 for a total gain of $5.59 (266%). Quite a highlight on a dismal day.
BIOPHARMA: was LOWER with all names falling hard with BIIB -20.76, ABBV -3.55, REGN -20.58, ISRG -44.48, MYL -1.19, TEVA -1.42, VRTX -13.85, BHC -2.69, INCY -4.42, ICPT -6.88, LABU -11.47 (24.95%), and IBB $109.80 -8.23 (6.97%).
CANNABIS: stocks were LOWER with TLRY -2.47 (24.65%) and KERN -2.58 (37.34%) and none down less than 7.48%. The ETF, MJ $11.74 -1.36 (10.38%).
DEFENSE: was LOWER with some major loses by LMT -31.47, RTN -14.83, GD -13.01, TXT -5.48 (15.26%), UTX -12.48, NOC -15.58, BWXT -5.14, TDY -33.73, and ITA was $174.00 -21.04 (10.79%).
RETAIL was LOWER with major losses. The brands were the biggest losers on the day. M-1.12, JWN -1.88, KSS -2.84, DDS -2.37, JCP - .015, WMT -1.17, TGT -1.92, TJX -1.35, RL -10.78 (10.19%), UAA -1.46 (11.56%), LULU -22.44 (10.27%), TPR -3.35 (15.44%), CPRI -3.13 (13.65%) and XRT $37.01 -2.12 (5.42%).
FAANG and Big Cap: were LOWER with GOOGL -80.14, AMZN -96.19, AAPL -21.42, FB -11.40, NFLX -22.48, NVDA -21.04, IBM -10.38, TSLA -92.48 (13.01%), BABA -7.24, BIDU -8.52, BA -36.22 (13.81%) on continuing problems with the 737MAX and the general market, CAT -16.42 (13.52%), DIS -10.55, and XLK $82.84 -6.07 (6.83%).
FINANCIALS were LOWER with most down over 10% with the market and softness in rates with GS -19.14, JPM -13.53, BAC -3.59, MS -4.35, C -9.34, PNC -15.48, AIG -5.13, TRV -8.54, AXP -9.94, and XLF $22.80 -2.75 (10.76%).
OIL, $31.13 -10.15 (24.58%) The stocks were LOWER with the dramatic fall on the “price war” between the Saudi’s and Putin. It’s difficult to even relate to the prices I’m seeing. In August when OXY bought APC for $57billion OXY was just over $50. Tonight it closed $12.51 –14.35 (53.43%) and the COMBINED market-cap is only $11.4Billion. The rest of the list was equally bad with CVX -13.42, XOM -4.94, MRO 4.06 -2.77 (40.56%), MPC -5.43, APA 10.22 -10.48 (50.6%), BP -5.66 and XLE $34.98 -7.52 (17.69%).
METALS, GOLD: $1,675.70 +3.30. After the rebound, and the overnight move to $1,704.30 we sold off as liquidation hit even the yellow metal. We managed to close up on the day, but it was a disappointment just the same. Our $1.40 position in the GLD calls finished $1.65 +.11.
BITCOIN: closed $7,850 -1,315. We broke to the downside overnight and fell to a low of $7,640, which closed a gap left on the breakout back in January. While I want to add the 350 sold just over a week ago, I want to wait and see some stabilization. We did have 2 subscribers add to new positions under the close today. But we still own 400 GBTC with an average of $8.06. GBTC closed $8.86 – 1.72 today.
Tomorrow is another day.
CAM
submitted by Dashover to options [link] [comments]

FAANG Stalls Trannies Surge

For Trading MAY 27TH
ALL 11 S&P Sectors Higher
Today’s market was up after 2 days of strength in the futures markets, including Monday night while we were closed. There was also move vaccine news out of NVAX, which was +11 to $56.50 but could only manage a close of +2.06 (4.47%). The DJIA was dragged higher by the financials as rates rose. After opening +550 or so the DJIA rallied to +710 before a last hour slide back to +529.95 (2.17%), NASDAQ +150 at the open but slide down to barely higher at +15.63 (.47%), S&P 500 opened +65 but could only manage +36.32 (1.23%) while the Russell was +37.54 (2.77%) and the biggest winner was the Transports +425.52 (5.02%). Market internals were strong on the NYSE at 5:1 while the NASDAQ was just 2.2:1 and volume was just average. The DJIA was 24 up / 6 down and the upside was led by financial with GS +110 DPs and BA and JPM +49 AND 43 respectively while the only double-digit losers was AAPL -15 DPs. Also, a major new piece from Mr. Trump’s very great personal friend with whom he has a perfect relationship Premier Xi, was quoted as saying that “China is going to increase preparation for military combat in Hong Kong. I’m fairly sure with all the good will, like Phase one of the Trade infamous trade agreement under which NO SALE of our agricultural goods have actually been consummated, that Mr. Trump will have no problem sending us another few dozen positive tweets from his perfect, most favorite, great friend President Xi. Asia was +1.5% and Europe was up .7% -1.5% on the news that Germany is relaxing it eurozone travel ban. Consumer confidence came out at 10:00 and was a disappointing 86.6 vs. 88.5% expected.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1900 members. I also did this video titled “How to survive being an options trader and not blow up your account,” over the long weekend. I think it’s very informative as a guide to stock selection and option choices. The link is https://youtu.be/Y7H9RpWfLlo Enjoy!!
Tonight’s closing comment video https://youtu.be/fkb7EemPHI0
SECTORS: The news couldn’t have been either more positive or well timed. MRK with 2 announcements on a COVID-19 corroboration and another anti-viral project and opened +2.40, but finished +.89 (1%), NVAX $56 +989 (19%) but closed only +2.06, and JPM was lauded by it’s CEO at a conference about their fortress balance sheet and their ability to make money regardless of conditions. Airlines were higher and commodities were mixed with the oil hitting a new recovery high at $34.81, while the gold got slammed -$30. And the Bonds were down 1¼.
FOOD SUPPLY: was HIGHER with TSN +2.68, BGS +.55, FLO -.12, CAG +.61, MDLZ +.10, KHC +.42, CALM +.43, JJSF +4.79, SAFM +3.57, LANC +5.51, GO -.54 and PBJ $30.75 +.15 (.49%).
BIOPHARMA was LOWER with BIIB -7.53, ABBV -1.17, REGN -31.90, ISRG -1.71, GILD -.29, MYL +.41 TEVA + .44, VRTX -14.96, BHC +.39, INCY -.59, ICPT -3.16, LABU -3.70 and IBB $131.02 -2.32 (1.74%).
CANNABIS: This group was HIGHER with TLRY +.58, CGC +.67, CRON -.05, GWPH +4.23, ACB -.39, PYX +.13, NBEV -.06, CURLF +.14, KERN +1.20 and MJ $14.38 +.35 (2.49%).
DEFENSE: was HIGHER with LMT +6.38, GD +2.01, TXT +.14, NOC +5.70, BWXT +.15, TDY +6.22, RTX +2.30, and ITA $153.34 +3.27 (2.18%).
RETAIL was HIGHER with M + .96, JWN +1.10, KSS +1.98, DDS +3.00, WMT -.29, TGT -2.34, TJX +1.89, RL +8.66 (11.89%), UAA +.56 (6.71%), LULU +5.27, TPR +.70, CPRI +2.07 (14.28%) and XRT $40.36 +1.18 (3.01%).
FAANG and Big Cap: were LOWER after being much higher with GOOGL +10.02, AMZN -16.67, AAPL -1.99, FB -2.51, NFLX -15.32, NVDA -11.82, TSLA +2.82, BABA +2.26, BIDU +4.96, CMG -35.88, CAT +5.53, BA +7.24, DIS +3.32, and XLK $97.00 +.51 (.53%).
FINANCIALS were HIGHER with the creep up in interest rates with GS +16.37, JPM +6.53, BAC +1.63, MS +3.68, C +4.20, PNC +5.19, AIG +2.26, AXP +5.07, V +2.68, and XLF $23.14 +1.22 (5.57%).
OIL, $34.35 +1.10. Oil was higher today with the close mid-range. I thought that the most recent downside break occurred from just under $29.00 and may stop this move too, but as we saw, it went right through that level. On the rally we bought the US0 6/5 25 puts @ $ .91 and closed them out at $1.29 for a 40%+ gain. The stocks on my list were mostly lower with XLE $39.65 +1.12 (2.91%).%).
METALS, GOLD: $1,705.60 -29.90. After trying to break to new highs Gold failed to follow-thru and opened slightly lower and fell all the way back to trade $1,700. There is good support from here to $1,685 and I’d expect a renewed move higher.
BITCOIN: closed $8785 -390. After breaking down from just over 10,000 and trading 8,220 we started back up and traded all the way back, it failed to make a new recovery high. We broke all the way back to trade 8815 today but managed a move to close just over $9000. We added 350 shares of GBTC last Wednesday @ $10.02 to our position of 400 @ $8.06, bringing our average price to $8.97. GBTC closed $10.18 -.48 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

For Trading April 28th

OIL Falters, again
Financials Rally
The Russell Leads the Way
Today’s market got off to an upward start and never looked back. Based on news of re-openings in Italy and France in the works and the restarting of repair work on Notre Dame Cathedral were highlights. Around 11:30 we had a small selloff that lasted until 1:45 and we lost about 100 DPs but we rallied again making a new high of the day at +428 before closing +358.51 (1.51%), NASDAQ +95.64 (1.11%), S&P 500 +41.74 (1.47%) and the Russell, the big winner, +48.82 (3.96%) and DJ Transports +225.02 (2.78%). The DJIA was 24 up, 6 down with the biggest gainers were MMM and GS +45, HD +38, DIS +33, V +31, and JPM +27 DPs. There were no double-digit losers. Market internals were good with both NYSE and Nasdaq 3.5:1 with light volume. All 11 S&P 500 sectors were up with financials the leaders followed by industrials and retail also strong. The “least strong” was consumer staples.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1900 members. I also did this video titled “How to survive being an options trader and not blow up your account,” over the long weekend. I think it’s very informative as a guide to stock selection and option choices. The link is https://youtu.be/Y7H9RpWfLlo Enjoy!!
Tonight’s closing comment video https://youtu.be/LfrHz_ROkVw
SECTORS: As I mentioned above, financials lead the way and this is important since for any rally to be sustainable, financials need to participate. I think we may be playing catch-up with today’s move, and we are pretty overextended at this point. I am also adding a sector for food supply chain companies. It is clear that the food supply has problems and since there is no ETF that I know of that covers it, I have put together a short list of the big names. I have left out supermarkets since they are distribution and not production.
FOOD SUPPLY: was HIGHER with TSN +1.18, BGS +.05, FLO +.46, CAG +.42, MDLZ +.09, KHC +.78, CALM +1.95 (4.68%), JJSF +6.72 (5.71%), SAFM +3.66 and LANC +3.74.
BIOPHARMA: was MIXED with BIIB +5.44, ABBV +.76, REGN -22.21 (3.92%), ISRG +2.17, GILD -.14, MYL +.42, TEVA +.50 (4.89%), VRTX -3.84, BHC +1.19, INCY -.50, ICPT +3.22, LABU +1.85 and IBB $127.53 +1.35 (1.07%).
CANNABIS: This group was HIGHER with TLRY +.31, CGC +2.21 (14.81%), CRON +.28, GWPH +.18, ACB +.035, PYX +.39, NBEV -.01, CURLF +.47 (10.9%), KERN +.76 (9.22%), and MJ $12.38 +.48 (4.03%).
DEFENSE: was HIGHER with LMT -2.27, RTX +1.96, GD +5.70, TXT +1.13, NOC +5.50, BWXT +1.72, TDY +3.90 and ITA $151.08 +2.40 (1.61%).
RETAIL: was HIGHER with the exception of WMT -1.06, M +.54, JWN +2.43, KSS +3.05, DDS +2.23, JCP +.014, TGT +2.18, TJX +1.84, RL +6.52 (9.55%), UAA +.50, LULU +11.92 (5.56%), TPR +1.46, CPRI +1.36 and XRT $36.36 +1.82 (5.27%).
FAANG and Big Cap: were LOWER with GOOGL -5.74, AMZN -32.79, AAPL +.29, FB -2.12, NFLX -3.48, NVDA +9.17, TSLA +57.93 (7.99%), BABA -.46, BIDU -.45, CMG -.22, BA +.90, CAT -.03, DIS +4.86 and XLK $89.19 +.56 (.63%).
FINANCIALS were HIGHER with GS +6.60, JPM +3.82, BAC +1.27, MS +1.41, C +3.46, PNC +4.27, AIG +.91, TRV +2.07, AXP +1.73, V +4.48, and XLF $22.48 +.74 (3.4%).
OIL, $16.50 +2.72. Oil was a BIG STORY another day of liquidation coupled with the news that USO will not deal in the front month contract (June) and will “ladder” maturities of the further out months. This is the 4th time that they have made changes with this ETF. From my way of thinking, this will only make it less in line with the actual market moves. Oil stocks were mixed to higher with CVX +2.89, XOM +.26, OXY +.39, OAS - .07, NBL -.06, MRO -.06, MPC +.84, RIG -.10, APA -.04, BP +.86, HES +.71, and XLE $35.40 +.78 (2.25%). Just a quick note, Diamond Offshore (DO) filed for bankruptcy and was $ .365 -.5734 (61.1%) on the day.
METALS, GOLD: $1,723.80 -11.80. After the recent gains, Gold broke solidly above $1,700 and traded as high as $1788 last Wednesday. We have spent the last 3 days consolidating the gains and hit $1,720 today. I will want to get long the GLD if we can probe the $1710 range, or if it turns higher without making another low right here. We are long NEM.
BITCOIN: closed $7,780 + 185. After we traded in the uptrend, I mentioned this weekend that I felt we’d have to test 6750 and yesterday we hit 6465 before turning back up. Today’s action was a continuing move higher. While I want to add the 350, I still want to wait and see some stabilization. We still own 400 GBTC with an average of $8.06. GBTC closed $8.79 +.24 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

Historic!

For Trading March 10th
HISTORIC ACTION
Is Cruising Over?
Entire Yield Curve Under 1%
Today’s market was down from overnight with the futures hitting “limit down” before 4:00AM. The DJIA opened at 9:30, like always, but was halted within 4 minutes after hitting the “circuit-breakers” at -7% and trading was stopped for 15-minutes after which we reopened and headed lower again, touching -1946, and by noon we had recovered to only -1183, but by 3:00 we had made a new low of 23,706 -2158 before a rally to -1650 before another sell-off to close DJIA – 2013.76 (7.79%), NASDAQ -624.94 (7.29%), S&P 500 -225.81 (7.60%), the Russell -135.79 (9.37%, and DJ Transports, the biggest loser -874.21 (9.76%). Market internals were just short of absurd with numbers that I had to go to several sources to make sure were correct. NYSE raw numbers were 70:2973 or 43:1 and NASDAQ was 169:3190 or 19:1. The DJIA was 30:0 after WMT, which held on all day fell into the red. The biggest losers were not double, but triple-digit movers with BA -237, AAPL -155, GS -136, HD -123, CAT -117, and JPM -100DPs. The only single digit losers were VZ and WMT. It was an interesting day, but not one I’d like to see too often. The market was influenced by not only COVID-19, but also the fact that OPEC couldn’t come up with an agreement to limit oil production. Over the weekend Saudi Arabia declared a price war with Russia, the main opponent to any agreement. Interest rates continued to fall, and that, along with the oil news sent the banking names down dramatically. I’ll list those below in their sector.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights.
SECTORS: Other names in the news: It was a very tough day for everyone. While we did have a “Merger Monday” deal between AON and WLTW, neither of the participants made any headway. AON Plc, is buying Willis, Towers, Watson in the biggest insurance transaction ever and creating the world’s largest insurance broker, surpassing Marsh & McLennan (MMC) and worth about $80Billion.
There were a couple of names higher, just a few, and the main ones were in the auto parts segment with ORLY finishing $373.63 +5.55 (1.51%), AZO, $1113.69 +53.38 (5.03%) and AAP $130.36 +2.45 (1.92%). This group has been weak for the past 4-6 months. Also higher was discounter DLTR, $83.51 +3.27 (4.08%).
The Cruise lines continued to fall with all making new lows. RCL fell to $48.27 - 16.74 (25.75%) and down from $135 in January. CCL fell to $21.74 -5.41 (19.93%) and down from $52, while NCLH was $19.81 – 7.29 (26.9%) and down from $60. This is absolutely uninvestable. There will clearly be a point at which the shorts cover, but this group is dead money for a while.
In more COVID-19 news, Inovio (INO) which moved from $2.40 to $16.00 on the news that it would start human trials of its vaccine in April. This morning at $19.36 before collapsing all the way back to $8.53 before closing $9.83 -4.26 (30.23%).
But the HOMERUN OF THE DAY was another name I talked about in this space, AIM Immuno-Tech, Inc (AIM). The company said that its drug, Ampligen will begin testing at National Inst. Of Infectious Diseases in Japan that could play an important role in developing a protective early-onset therapy for COVID-19. The stock has been reverse split both 1:12 in 2016 and more recently 1:44 last June and traded under $ .40 had moved up to $3.50 this month and traded up on the news finishing $6.10 +4.00 (190%) and is continuing in extended hours to $8.75 and is currently $7.69 up an additional $1.59 for a total gain of $5.59 (266%). Quite a highlight on a dismal day.
BIOPHARMA: was LOWER with all names falling hard with BIIB -20.76, ABBV -3.55, REGN -20.58, ISRG -44.48, MYL -1.19, TEVA -1.42, VRTX -13.85, BHC -2.69, INCY -4.42, ICPT -6.88, LABU -11.47 (24.95%), and IBB $109.80 -8.23 (6.97%).
CANNABIS: stocks were LOWER with TLRY -2.47 (24.65%) and KERN -2.58 (37.34%) and none down less than 7.48%. The ETF, MJ $11.74 -1.36 (10.38%).
DEFENSE: was LOWER with some major loses by LMT -31.47, RTN -14.83, GD -13.01, TXT -5.48 (15.26%), UTX -12.48, NOC -15.58, BWXT -5.14, TDY -33.73, and ITA was $174.00 -21.04 (10.79%).
RETAIL was LOWER with major losses. The brands were the biggest losers on the day. M-1.12, JWN -1.88, KSS -2.84, DDS -2.37, JCP - .015, WMT -1.17, TGT -1.92, TJX -1.35, RL -10.78 (10.19%), UAA -1.46 (11.56%), LULU -22.44 (10.27%), TPR -3.35 (15.44%), CPRI -3.13 (13.65%) and XRT $37.01 -2.12 (5.42%).
FAANG and Big Cap: were LOWER with GOOGL -80.14, AMZN -96.19, AAPL -21.42, FB -11.40, NFLX -22.48, NVDA -21.04, IBM -10.38, TSLA -92.48 (13.01%), BABA -7.24, BIDU -8.52, BA -36.22 (13.81%) on continuing problems with the 737MAX and the general market, CAT -16.42 (13.52%), DIS -10.55, and XLK $82.84 -6.07 (6.83%).
FINANCIALS were LOWER with most down over 10% with the market and softness in rates with GS -19.14, JPM -13.53, BAC -3.59, MS -4.35, C -9.34, PNC -15.48, AIG -5.13, TRV -8.54, AXP -9.94, and XLF $22.80 -2.75 (10.76%).
OIL, $31.13 -10.15 (24.58%) The stocks were LOWER with the dramatic fall on the “price war” between the Saudi’s and Putin. It’s difficult to even relate to the prices I’m seeing. In August when OXY bought APC for $57billion OXY was just over $50. Tonight it closed $12.51 –14.35 (53.43%) and the COMBINED market-cap is only $11.4Billion. The rest of the list was equally bad with CVX -13.42, XOM -4.94, MRO 4.06 -2.77 (40.56%), MPC -5.43, APA 10.22 -10.48 (50.6%), BP -5.66 and XLE $34.98 -7.52 (17.69%).
METALS, GOLD: $1,675.70 +3.30. After the rebound, and the overnight move to $1,704.30 we sold off as liquidation hit even the yellow metal. We managed to close up on the day, but it was a disappointment just the same. Our $1.40 position in the GLD calls finished $1.65 +.11.
BITCOIN: closed $7,850 -1,315. We broke to the downside overnight and fell to a low of $7,640, which closed a gap left on the breakout back in January. While I want to add the 350 sold just over a week ago, I want to wait and see some stabilization. We did have 2 subscribers add to new positions under the close today. But we still own 400 GBTC with an average of $8.06. GBTC closed $8.86 – 1.72 today.
Tomorrow is another day.
CAM
submitted by Dashover to swingtrading [link] [comments]

Oof!

For Trading March 17th
Markets Halted Again FED Move Fails to Help
Yields Steady
Today’s market was pounded from the start with the futures overnight falling to down “the limit” prior to our open and were halted almost immediately. We came close to the second halt, but the market stabilized, sort of, and traded without much enthusiasm until Mr. Trump started to speak, and that took us to a new low of the day at -1050 or so. For a while it looked as if we’d also see a new all-time loss on the NASDAQ 2hich looked like it would go -1000, but rallied a touch to close -970.29 (12.32%), DJIA -2997.11 (12.93%), SP 500 -324.90 (11.98%), the Russell -171.66 (14.2%) and the DJ Transports -916.76 (11.55%). Market internals were not quite as bad as the decline would project with NYSE A/D 24:1 and NASDAQ 11:1, but the DJIA was a debacle with all stocks lower and the biggest losers being UNH -317DPs, HD-275, BA -274, AAPL -242, MCD-190, V -162, and MSFT -158. In fact, 10 of the 30 were down triple digits while only 1, WBA was down a single digit. The Fed’s dramatic 1% rate cut down to .25% did little to calm fears as did their open market infusions during the day. The White House did little to engender any confidence, and their lack of any cohesive fiscal plans left the futures “limit down” from early last evening right up to the open, which lasted only a minute, literally, before level 1 circuit breakers halted the market for 15 minutes. We came very close to the second breakers at -13%, but the market seemed to calm down a bit and while trading included more forced liquidation, but the decline was stopped at -2798 by 10:00 (including the 15 minute halt) and we rallied until topping out at 11:30 at -1417. The rest of the day was uneventful until Trump started speaking and we sold off into the close with a new point loss record. Briefing.com listed NO STRONG groups for the 3rd time in 3 days with the weakest including Info tech, financials, consumer discretionary, materials, real estate and of course, energy.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights.
SECTORS: Other names in the news: I’m not sure that there is really any point to listing all the names and declines here so I’m just going to hit the groups and highlight any outstanding issues. But the main characteristic of this market is forced liquidation. Whether for margin calls, or recently new investors throwing in the towel and leaving the market, it’s pretty extreme. As I’ve said here before, the rallies in a bear market can be very deceptive. Sharp and quick and with high volume, sucking you back in because everyone wants to believe the turn is here.
BIOPHARMA: was LOWER with most down nearly 10% and the only multipoint gainer being REGN +4.45. On the downside we had BIIB -21.71, ABBV -9.06 (10.16%), ISRG -66.69 (14.16%), MYL +.13, TEVA -.99 (11.79%), VRTX -21.09 (9.55%), BHC -3.48 (18.51%), INCY -2.34, ICPT -16.81 (23.41%), LABU -8.10 (33.37%) and IBB $95.90 -7.78 (7.5%).
CANNABIS: stocks were LOWER again and it’s almost a waste to discuss the group, which is severely broken with TLRY, a former $300 stock that has fallen for 14 of the last 16 days from $20 to close today $3.05 -.875 (21.74%). Even the medical company CURLF was $3.20 -.48 (12.83%) and KERN the compliance software $4.16 -.91 (17.95%) and MJ $9.54 -.80 (7.74%).
DEFENSE: was SHARPLY LOWER with most down double digits LMT -33.08, RTN -16.29, GD -12.94, TXT -2.22, UTX -13.37, NOC -31.00, BWXT -3.79, TDY -37.18, and ITA $134.25 -23.12 (14.69%).
RETAIL was LOWER with all down double-digit percentages. M -1.16 (14.45%), JWN -4.40 (20.38%), and on the brand side, TPR (COACH) -4.23 (26.06%), and CPRI (KORS), -4.27 (30.65%) and XRT $28.66 -4.08 (12.46%).
FAANG and Big Cap: were LOWER with this group the highlight of the crowded trade problems. GOOGL – 129.27, AMZN -40, AAPL -27.97 (10%), FB -21.28 (12.5%), NFLX-30.30 (after making a 52-wk high @393, 10 days ago and 95 higher), NVDA -34.94, IBM -5.71, TSLA -93.62, BABA -12.41, BIDU -8.84, BA -37.34, CAT -2.66, DIS -5.41, and XLK $72.56 -11.63 (13.81%).
FINANCIALS were SHARPLY LOWER with the market and the FEDs big rate cut didn’t seem to help. GS –18.60, JPM -13.16, BAC -3.28, MS -4.66 (after Cramer “sanctioned the purchase” last Tuesday at $37 ($6 ago), C -8.79, PNC -17.01, AIG -3.44, TRV -20.94 (19.49%), AXP -8.67, and XLF $20.35 -2.70 (11.71%).
OIL, $28.70 -3.04 The stocks were LOWER with the price of Oil trying to hold $30.00 initially but turning back down and breaking $29.00. This puts it back near the 2016 lows just under $27.00. XLE finished $27.81 -4.38 (13.61%).
METALS, GOLD: $1,486.50 -30.20. After the overnight rally on the Fed news the Gold fell along with the S&P, and other indexes. Gold is clearly suffering through liquidation like the rest of the market, but the FED repo program should stoke the inflation fires, and any bounce in stocks will help.
BITCOIN: closed $4930 -400. We broke to the downside overnight and fell to a low of $4390, and for the first time in days did not make a new recent low. While I want to add the 350 sold just over a week ago, I want to wait and see some stabilization. We still own 400 GBTC with an average of $8.06. GBTC closed $5.44 -.73 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

For Trading April 28th

OIL Falters, again
Financials Rally
The Russell Leads the Way
Today’s market got off to an upward start and never looked back. Based on news of re-openings in Italy and France in the works and the restarting of repair work on Notre Dame Cathedral were highlights. Around 11:30 we had a small selloff that lasted until 1:45 and we lost about 100 DPs but we rallied again making a new high of the day at +428 before closing +358.51 (1.51%), NASDAQ +95.64 (1.11%), S&P 500 +41.74 (1.47%) and the Russell, the big winner, +48.82 (3.96%) and DJ Transports +225.02 (2.78%). The DJIA was 24 up, 6 down with the biggest gainers were MMM and GS +45, HD +38, DIS +33, V +31, and JPM +27 DPs. There were no double-digit losers. Market internals were good with both NYSE and Nasdaq 3.5:1 with light volume. All 11 S&P 500 sectors were up with financials the leaders followed by industrials and retail also strong. The “least strong” was consumer staples.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1900 members. I also did this video titled “How to survive being an options trader and not blow up your account,” over the long weekend. I think it’s very informative as a guide to stock selection and option choices. The link is https://youtu.be/Y7H9RpWfLlo Enjoy!!
Tonight’s closing comment video https://youtu.be/LfrHz_ROkVw
SECTORS: As I mentioned above, financials lead the way and this is important since for any rally to be sustainable, financials need to participate. I think we may be playing catch-up with today’s move, and we are pretty overextended at this point. I am also adding a sector for food supply chain companies. It is clear that the food supply has problems and since there is no ETF that I know of that covers it, I have put together a short list of the big names. I have left out supermarkets since they are distribution and not production.
FOOD SUPPLY: was HIGHER with TSN +1.18, BGS +.05, FLO +.46, CAG +.42, MDLZ +.09, KHC +.78, CALM +1.95 (4.68%), JJSF +6.72 (5.71%), SAFM +3.66 and LANC +3.74.
BIOPHARMA: was MIXED with BIIB +5.44, ABBV +.76, REGN -22.21 (3.92%), ISRG +2.17, GILD -.14, MYL +.42, TEVA +.50 (4.89%), VRTX -3.84, BHC +1.19, INCY -.50, ICPT +3.22, LABU +1.85 and IBB $127.53 +1.35 (1.07%).
CANNABIS: This group was HIGHER with TLRY +.31, CGC +2.21 (14.81%), CRON +.28, GWPH +.18, ACB +.035, PYX +.39, NBEV -.01, CURLF +.47 (10.9%), KERN +.76 (9.22%), and MJ $12.38 +.48 (4.03%).
DEFENSE: was HIGHER with LMT -2.27, RTX +1.96, GD +5.70, TXT +1.13, NOC +5.50, BWXT +1.72, TDY +3.90 and ITA $151.08 +2.40 (1.61%).
RETAIL: was HIGHER with the exception of WMT -1.06, M +.54, JWN +2.43, KSS +3.05, DDS +2.23, JCP +.014, TGT +2.18, TJX +1.84, RL +6.52 (9.55%), UAA +.50, LULU +11.92 (5.56%), TPR +1.46, CPRI +1.36 and XRT $36.36 +1.82 (5.27%).
FAANG and Big Cap: were LOWER with GOOGL -5.74, AMZN -32.79, AAPL +.29, FB -2.12, NFLX -3.48, NVDA +9.17, TSLA +57.93 (7.99%), BABA -.46, BIDU -.45, CMG -.22, BA +.90, CAT -.03, DIS +4.86 and XLK $89.19 +.56 (.63%).
FINANCIALS were HIGHER with GS +6.60, JPM +3.82, BAC +1.27, MS +1.41, C +3.46, PNC +4.27, AIG +.91, TRV +2.07, AXP +1.73, V +4.48, and XLF $22.48 +.74 (3.4%).
OIL, $16.50 +2.72. Oil was a BIG STORY another day of liquidation coupled with the news that USO will not deal in the front month contract (June) and will “ladder” maturities of the further out months. This is the 4th time that they have made changes with this ETF. From my way of thinking, this will only make it less in line with the actual market moves. Oil stocks were mixed to higher with CVX +2.89, XOM +.26, OXY +.39, OAS - .07, NBL -.06, MRO -.06, MPC +.84, RIG -.10, APA -.04, BP +.86, HES +.71, and XLE $35.40 +.78 (2.25%). Just a quick note, Diamond Offshore (DO) filed for bankruptcy and was $ .365 -.5734 (61.1%) on the day.
METALS, GOLD: $1,723.80 -11.80. After the recent gains, Gold broke solidly above $1,700 and traded as high as $1788 last Wednesday. We have spent the last 3 days consolidating the gains and hit $1,720 today. I will want to get long the GLD if we can probe the $1710 range, or if it turns higher without making another low right here. We are long NEM.
BITCOIN: closed $7,780 + 185. After we traded in the uptrend, I mentioned this weekend that I felt we’d have to test 6750 and yesterday we hit 6465 before turning back up. Today’s action was a continuing move higher. While I want to add the 350, I still want to wait and see some stabilization. We still own 400 GBTC with an average of $8.06. GBTC closed $8.79 +.24 today.
Tomorrow is another day.
CAM
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For Trading April 7th

For Trading April 7th
STOCKS RUN-UP Oil Falls
False Hopes
Today was an amazing day! I don’t believe that the bottom has been made, and I don’t think that today was a day to be a buyer, but as my Closing Comments says, “I could not have been more wrong.” We cut through every area of supply that I pointed out in last night’s Weekly Strategies. Here is the closing comment for tonight: https://youtu.be/JHjU3KOAQR8 . My problem with today’s action is that while everyone wants to believe that this was the bottom, historically, it is without precedent. There are many problems that we will face that are not currently known. The earnings of the companies that have no idea how long consumers are not buying clothes at Macy’s or TJ Maxx, or restaurants, where it’s not like you can make up the business with people eating 2 meals at a time. The closure of the Airbus plant in Alabama, or American Airlines cutting their N.Y. flights from 271 /day down to 13 is just not something that can be quantified when it comes to the net effect to both the balance sheet and profits. But the DJIA was +1627.46 (7.73%), NASDAQ +540.16 (7.33%), S&P 500 +175.03 (7.03%), the Russell +86.72 (8.24%) and the DJ Transports +532.38 (7.29%). Market internals left a lot to be desired with the A/D solid at NYSE 9.5:1 and NASDAQ 5.5:1, but volume was anemic with NYSE 1.4 billion and the NASDAQ 3.8 billion. All 30 DJIA stocks were higher with BA leading the way +113.31 DP’s but no other triple digit winners. On the +11.37% gainer on 3/24 there were 10 triple-digit winners. The strongest groups were Information technology, financials and consumer discretionary, with only Consumer Staples weak.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1400 members.
SECTORS: We started with positive numbers from Europe on COVID-19 deaths and the first group pre-market were the some of the smaller biotech firms with Inovio Pharma (INO) started with a gap up and after trading over $8.80, never quite made it back in regular hours and closed $8.44 +.70 (9.04%), Immunomedics (IMMU) ended a trial for their breast cancer treatment because it’s efficacy was confirmed. The stock, which traded as high as $27.33 in 2018 had fallen to $8.80 last week opened the day at $20.09 but sold off a bit to close $18.78 +9.38 (99.79%). Also in the same group, CODX finished $10.31 +2.11 (25.73%) and VIR $36.70 +7.70 (26.55%). In another group, Wayfair beat both revenues and earnings and the home goods company, which traded down from $173 last year to a low of 21.70 on 3/19 gapped up to open $70.28 and closed $71.50 +20.87 (41.22%).
BIOPHARMA: was HIGHER with BIIB +9.58, ABBV +2.31, REGN +10.95, ISRG +37.33 (8.07%), MYL +.30, TEVA +.94 (11.19%), VRTX +17.69 (7.42%), BHC +1.27, INCY +6.80, ICPT +3.90, LABU +4.44 (22.11%) and IBB $110.50 +4.25 (4%).
CANNABIS: This group was HIGHER with TLRY +,45, CGC +1.10, CRON +.20, GWPH +4.78, PYX +.18, NBEV +.05, CURLF +.13, KERN +.80 (14.75%) and MJ $10.96 +.52 (4.98%).
DEFENSE: was HIGHER with LMT +16.50 (4.71%), RTX (the combination of RTN and UTX) was +7.32 (14.66%), gd +8.07, txt +2.49, noc +18.98, bwxt +.42, tdy +19.66 (6.81%) and ITA $148.00 +12.10 (8.9%).
RETAIL: was HIGHER with M + .94 (19.54%), JWN +3.38 (25.9%), KSS +3.04 (26.41%), DDS +8.93 (37.41%), JCP +.05 (18.34%), WMT +5.92, TGT +4.93, TJX +5.15 (12.57%), RL +7.60 (12.46%), UAA +.77, LULU +12.75, TPR +2.09, CPRI +2.17 (25.44%) and XRT $30.21 +3.02 (11.11%).
FAANG and Big Cap: were HIGHER with GOOGL +89.36, AMZN +83.41, AAPL +21.29 (8.82%), FB +10.82, NFLX +17.22, NVDA +25.47 (10.44%), TSLA +32.99, BABA +9.39, BIDU +5.66, BA +23.38 (18.78%), CAT +5.33, DIS +5.92 and XLK $83.70 +6.58 (8.53%).
FINANCIALS were HIGHER with GS +10.07, JPM +5.45, BAC +1.41, MS +3.40, C +3.51, PNC +9.12, AIG +1.11, TRV +5.09, AXP +10.70 (14.54%) and XLF $21.05 +1.41 (7.18%).
OIL, $26.08 -2.26. The explosive moves in Oil recently have been news driven and the cancellation of the OPEC meeting and the threat of tariffs from Mr. Trump have cut off the rally from the $20.00 level. Today’s decline had little to do with the Oil stocks as all were higher. CVX +5.40, XOM +1.40, OXY +.50, NBL +.49, MRO +.02, MPC +3.03 (15.10%), RIG +.05, APA +.62, BP +.28 and XLE $31.41 +1.58 (5.3%).
METALS, GOLD: $1,693.90 + 48.20. After the recent gains, Gold has failed to break through the highs around $1700 until today when it traded $1,715 before selling off a bit. Tonight, it has traded as high as $1742.00 and looks to be higher in the near future.
BITCOIN: closed $7,330 +530. After we traded in a short-range day followed by a $1,000 range on Friday BTC closed above $7,000 for the first time since it broke to the downside early last month. While I want to add the 350 sold just over a week ago, I want to wait and see some stabilization. We still own 400 GBTC with an average of $8.06. GBTC closed $7.95 + .47 today.
Tomorrow is another day.
CAM
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Terrible!

For Trading March 17th
Markets Halted Again FED Move Fails to Help
Yields Steady
Today’s market was pounded from the start with the futures overnight falling to down “the limit” prior to our open and were halted almost immediately. We came close to the second halt, but the market stabilized, sort of, and traded without much enthusiasm until Mr. Trump started to speak, and that took us to a new low of the day at -1050 or so. For a while it looked as if we’d also see a new all-time loss on the NASDAQ 2hich looked like it would go -1000, but rallied a touch to close -970.29 (12.32%), DJIA -2997.11 (12.93%), SP 500 -324.90 (11.98%), the Russell -171.66 (14.2%) and the DJ Transports -916.76 (11.55%). Market internals were not quite as bad as the decline would project with NYSE A/D 24:1 and NASDAQ 11:1, but the DJIA was a debacle with all stocks lower and the biggest losers being UNH -317DPs, HD-275, BA -274, AAPL -242, MCD-190, V -162, and MSFT -158. In fact, 10 of the 30 were down triple digits while only 1, WBA was down a single digit. The Fed’s dramatic 1% rate cut down to .25% did little to calm fears as did their open market infusions during the day. The White House did little to engender any confidence, and their lack of any cohesive fiscal plans left the futures “limit down” from early last evening right up to the open, which lasted only a minute, literally, before level 1 circuit breakers halted the market for 15 minutes. We came very close to the second breakers at -13%, but the market seemed to calm down a bit and while trading included more forced liquidation, but the decline was stopped at -2798 by 10:00 (including the 15 minute halt) and we rallied until topping out at 11:30 at -1417. The rest of the day was uneventful until Trump started speaking and we sold off into the close with a new point loss record. Briefing.com listed NO STRONG groups for the 3rd time in 3 days with the weakest including Info tech, financials, consumer discretionary, materials, real estate and of course, energy.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights.
SECTORS: Other names in the news: I’m not sure that there is really any point to listing all the names and declines here so I’m just going to hit the groups and highlight any outstanding issues. But the main characteristic of this market is forced liquidation. Whether for margin calls, or recently new investors throwing in the towel and leaving the market, it’s pretty extreme. As I’ve said here before, the rallies in a bear market can be very deceptive. Sharp and quick and with high volume, sucking you back in because everyone wants to believe the turn is here.
BIOPHARMA: was LOWER with most down nearly 10% and the only multipoint gainer being REGN +4.45. On the downside we had BIIB -21.71, ABBV -9.06 (10.16%), ISRG -66.69 (14.16%), MYL +.13, TEVA -.99 (11.79%), VRTX -21.09 (9.55%), BHC -3.48 (18.51%), INCY -2.34, ICPT -16.81 (23.41%), LABU -8.10 (33.37%) and IBB $95.90 -7.78 (7.5%).
CANNABIS: stocks were LOWER again and it’s almost a waste to discuss the group, which is severely broken with TLRY, a former $300 stock that has fallen for 14 of the last 16 days from $20 to close today $3.05 -.875 (21.74%). Even the medical company CURLF was $3.20 -.48 (12.83%) and KERN the compliance software $4.16 -.91 (17.95%) and MJ $9.54 -.80 (7.74%).
DEFENSE: was SHARPLY LOWER with most down double digits LMT -33.08, RTN -16.29, GD -12.94, TXT -2.22, UTX -13.37, NOC -31.00, BWXT -3.79, TDY -37.18, and ITA $134.25 -23.12 (14.69%).
RETAIL was LOWER with all down double-digit percentages. M -1.16 (14.45%), JWN -4.40 (20.38%), and on the brand side, TPR (COACH) -4.23 (26.06%), and CPRI (KORS), -4.27 (30.65%) and XRT $28.66 -4.08 (12.46%).
FAANG and Big Cap: were LOWER with this group the highlight of the crowded trade problems. GOOGL – 129.27, AMZN -40, AAPL -27.97 (10%), FB -21.28 (12.5%), NFLX-30.30 (after making a 52-wk high @393, 10 days ago and 95 higher), NVDA -34.94, IBM -5.71, TSLA -93.62, BABA -12.41, BIDU -8.84, BA -37.34, CAT -2.66, DIS -5.41, and XLK $72.56 -11.63 (13.81%).
FINANCIALS were SHARPLY LOWER with the market and the FEDs big rate cut didn’t seem to help. GS –18.60, JPM -13.16, BAC -3.28, MS -4.66 (after Cramer “sanctioned the purchase” last Tuesday at $37 ($6 ago), C -8.79, PNC -17.01, AIG -3.44, TRV -20.94 (19.49%), AXP -8.67, and XLF $20.35 -2.70 (11.71%).
OIL, $28.70 -3.04 The stocks were LOWER with the price of Oil trying to hold $30.00 initially but turning back down and breaking $29.00. This puts it back near the 2016 lows just under $27.00. XLE finished $27.81 -4.38 (13.61%).
METALS, GOLD: $1,486.50 -30.20. After the overnight rally on the Fed news the Gold fell along with the S&P, and other indexes. Gold is clearly suffering through liquidation like the rest of the market, but the FED repo program should stoke the inflation fires, and any bounce in stocks will help.
BITCOIN: closed $4930 -400. We broke to the downside overnight and fell to a low of $4390, and for the first time in days did not make a new recent low. While I want to add the 350 sold just over a week ago, I want to wait and see some stabilization. We still own 400 GBTC with an average of $8.06. GBTC closed $5.44 -.73 today.
Tomorrow is another day.
CAM
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For Trading February 28

For Trading February 28th
RATES FALL TO NEW LOWS
COVID-19 IS THE ISSUE
Energy Still DEVASTATED
Worst Point Loss in History
Today’s market was another dramatic decline. We were down 960 early and then the market made a gallant effort from 10:45 to move higher, eventually getting back to -200 and then the news from California that there was an “unknown origin” case diagnosed which raised to possibility of “community” spread of the virus and we started to sink again. That caused some selling, that was fairly well contained between -200 and -400 until about 2:30 or so when the margin clerks took over and started selling. I know that most people don’t quite get the connection since they don’t really deal with brokers, since they have moved to online trading, but here’s how it “used to” work. You’d get a margin call and your broker would call and you could “bring him / her a check.” There was a relationship between the parties and if you did what you said you were going to do over time (relationship) you could do that. Now, there are no relationships between the broker (who even has one) and if the money hasn’t been wired in to the firm, you’re sold out. It’s not a limit order that may or may not get done, it’s a market order given to a machine.
So, the bottom line was that the DJIA had its worst day in history -1190.95 (4.42%), NASDAQ -414.29 (4.61%), S&P-500 -137.63 (4.42%), the Russell -54.89 (3.53%), DJ Transports, the only one that actually traded higher mid-day, closed - 356.45 (3.62%). Today’s loss was the worst point loss, but well below the 22.6% decline of October 19, 1987. To put that into perspective, the October 29, 1929 Crash that started the Great Depression was 12.8%.
Market internals were again negative with the NYSE 8:1 and NASDAQ 5.5:1. The DJIA had only 1 gainer, MMM was +8 DPs, and while I usually breakdown the double-digit losers, there were only 2 losers that were NOT double digits. Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights.
SECTORS: Other names in the news: It was another tough day and I’m going to depart from my normal listing of all the stocks in each sector and just give a highlight of a few of the biggest gainers (yes there were some). As you can imagine, they were mostly Biotech. The first is Co-Diagnostics (CODX) which started higher last month from a low of $ .88, and by mid-January had already traded $4.24. The real action started yesterday when it close $8.90 +4.58 (106%) on the news that it was making progress for a COVID-19 test. Most of the news today centered around an offering they were doing but mostly it was repeated trading halts and resumed for volatility. By the end of the day it had traded $19.67 and closed $15.96 +7.06 (79%). It’s currently $16.90 +2.01. Alpha Pro Tech (APT) is a maker of Face Masks. It was halted this morning when it disclosed an order for its N-95 mask for Coronavirus. As with CODX, it started in January at $3.42 and on Monday it was $7.14 +1.44 (25.26%), but move higher this week to trade $27.50 before closing $25.25 +12.86 (103%) and has moved higher tonight to $33.61 and is currently $33.10 +7.60 (29.8%).
Last night I wrote up Moderna Inc., (MRNA) who shipped its first batch of an experimental vaccine to NIAIC, and the stock was up yesterday to $23.76 +5.17, continued today to a high of $29.98 and finished $29.16 +5.40 (22.73%). Today it got a bit ahead of itself and after trading $36.00 fell back to $23.05 and finished $26.16 -3.00 (10.29%) and has gained a bit tonight to $27.98. Gilead (GILD), also a vaccine producer that had moved higher really took off today closing $74.70 + 4.60, but announced its own Phase-2 trials and had a great run also to trade $78.88 before getting coverage by Barclay’s at underweight and a price objective of $62.00. In Bio, but not COVID-19 related was Forty-Seven, Inc., (FTSV) a clinical-stage immune-oncology company announced yesterday that they were going to present at a Cowen conference next week. That’s it, no specifics but the stock, which close $48.79 +.49 but in extended trading has hit $77.00 and is currently $62.60 +13.81 (28.3%).
Now comes the departure from my normal format. This afternoon, after the close I heard Jeremy Siegel from Wharton speaking about the markets. He has been bullish for as long as I can remember, and he was saying that due to the current issues, that he felt that they would cut back on capital expenditures “Cap-ex” spending. Is he kidding? I have been railing about the fact that there has been NO Cap-ex spending at all and that I was tired of the constant lowered expectations that were reported as “beats.” I can’t even count how many times I’ve said “a beat of lowered expectations in NOT a beat.” And, buybacks produce nothing in the way of productivity gains or any competitive advantage. While I’m not a “the CEOs have to be stopped,” it has clearly come home to roost. You can’t increase productivity (cut payroll) without spending any money on plant and equipment and expect to have a supply chain 6000 miles away that has a problem producing and expect to maintain your business.
I did a little buying this morning in TEVA, and while it closed a touch lower, it took no time for it to run up 5% with any let up in the selling.
BIOPHARMA: was LOWER with most down around the same as the market AROUND 4-5%. LABU was the biggest loser -6.05 (12.26%) and the IBB $112.99 -5.27 (5.37%).
CANNABIS: stocks were LOWER with several down in double-digit percentages. The biggest losers were NBEV -.33 (14.8%) and PYX-.50 (12.32%). KERN, the maker of compliance software was - .51 (6.46%) and the ETF, MJ $14.18 -.76 (5.09%). I believe this group is broken and it will be a while before any of these are investable. Not untradeable, but uninvestable!
DEFENSE: was LOWER AGAIN with most lower by 3.5 to 5%, and ITA was $203.75 -10.23 (4.78%).
RETAIL was LOWER and the brands were the weakest. DDS was the biggest loser -5.04 (8.57%) and LULU on the brand side was -18.56 (7.78%). XRT was $40.54 -1.17 (2.81%). XRT $41.71-.98 (2.3%).
FAANG and Big Cap: were the BIGGEST LOSERS with GOOGL -78.72, AMZN -109.59, AAPL -21.75, FB -8.92, NFLX -6.74, NVDA -15.99, TSLA -123.78 (15.9%), BABA -3.84, BOIDU -3.99, IBM -7.36, BA -19.49, CAT -5.35, DIS -5.51, BOX +.30, MSFT -11.99 (7.05%) and XLK $87.70 -5.00 (5.39%).
FINANCIALS were LOWER with the fall in rates, GS -10.09, JPM -5.64, BAC -1.55, MS -2.04, C -3.74, PNC -8.06, AIG -1.75, TRV -5.08, AXP -6.00 and XLF $27.33 -1.22 (4.27%).
OIL, $47.09 -1.64. Friday we were down early and closed better and I thought we had held $52. Today, we were lower again and the break below $46 was a disappointment. I’m still bearish, but it’s difficult to be a seller down here. The stocks were LOWER with the XLE $45.31 -2.56 (5.35%).
METALS, GOLD: $1,642.50 -.60. After the breakout run to the high of $1691.70 yesterday it gapped down and traded 1626, another new lower low of 626 before a close mid-range again. Tonight we are +1.50. I still want to get on the long-side again.
BITCOIN: closed $8,890 + 110. We broke to the upside to hit $10,620 last week and have had daily rallies and sell-offs, but the weekly is on support and I think we will move higher. Today’s action puts that in question on the Daily, but the weekly is still okay. We own 750 GBTC with an average of $8.89. GBTC closed $10.53 + .17 today.
Tomorrow is another day.
CAM
submitted by Dashover to optionstrading [link] [comments]

Where is Beeks!

For Trading March 13th
Markets Halted Again FED Pumps The Market Most Sports Cancelled
Yields Improve
Today’s market was pounded from the start with the futures overnight falling on the lack of enthusiasm for the president’s speech and plans to avert the panic that COVID-19. We were halted again within minutes of the open, and languished to trade lower until the Fed program of approximately $1.5 Trillion (with a T) of “repo” programs that no matter what they call it, is QE to infinity and beyond. But, it only helped for a 5% rally from 1:00 to about 1:20PM and them we again headed lower and just before the close broke to a new low of the day -2353.60 (9.99%), NASDAQ -750.25 (9.43%), S&P 500 -260.74 (9.51$), the Russell -141.37 (11.18%), and the DJ Transports -867.07 (10.67%). While travel and entertainment has been the leader on the downside, today sporting events became the newest casualty, with NBA, MLB Spring training, NHL all suspended until further notice, and finally NCAA March Madness cancelled. Live Nation, already down from $76.60 fell to $36.20 -5.81 (13.83%). Disney closed the California park through the end of the month. Market Internals were dramatic, but not quite as bad earlier this week with NYSE “only” 37:1, and NASDAQ 17:1. Volume was up today, and the A/D volume was 25:1 on NYSE. All stocks in the DJIA were lower with BA -232, AAPL AND UNH -184, HD -151, GS -143, MCD -123, and IBM -102DPs rounding out the triple-digit losers, and all the rest were down double digits. Very ugly. Here in Boston, they just reported that the hotel that hosted the BIIB meeting last month, where there were 82 out of 103 cases in the state has closed until further notice. The hotel is the Marriott Long Wharf on the harbor.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights.
SECTORS: Other names in the news: I’m not sure that there is really any point to listing all the names and declines here so I’m just going to hit the earnings for the day starting with DG, which had an upside surprise but still fell to $141.97 -15.66 (9.93%) although it is only $20 from its high of 165 (12%). GCO was a beat but it has fallen from a recent high of $53.20 in December and closed today $22.14 -1.97 (8.17%). Spartan Motors (SPAR) surprised to the upside and while already down from $20.70 last month managed to stay green @ $11.46 +.10 (.88%), but still green.
After the close we had numbers for ADBE and after falling to $285 -30.23 (9.59%) it traded up to $296 but has only held $286.85. Broadcom (AVGO) missed on top and bottom lines, guided Q2 down, and withdrew it FY2020 guidance. The stock, down from an all-time high of $331.58 in February closed $218.78 -27.19 (11.05%) fell to $197.46 and is currently 202.25 -16.53. ULTA beat and reported inline revenues but their guidance was a disappointment. The stock, which fell from $342 to 235 in September and made some headway when it beat in December had made it back to $300 earlier this year, has fallen to finish the day $198.54 -22.67 (10.25%) rallied back to $210 but is now $195.03.
BIOPHARMA: was LOWER with most down nearly 10% and BIIB -30.25 (10.28%), ABBV -6.23M REGN -32.81, ISRG -52.02 (10.12%), MYL -1.21, TEVA -1.58 (17.09%), VRTX -21.34, BHC -2.23 (12.09%), INCY -3.78, ICPT -11.50 (14.82%), LABU 20.35 -9.66 (32.06%) and IBB $95.80 -11.17 (10.44%).
CANNABIS: stocks were LOWER again with all down over 10%, with TLRY -1.19 (16.7%), CGC -2.60 (19.48%), CRON -.99 (18.3%), GWPH -11.09 (12.76%), ACB -.16 (18.48%), PYX -.81 (26.73%), NBEV -.32 (18.60%), CURLF -.45 (10.74%), KERN -1.04 (16.99%), and MJ 9.90 -1.44 (12.7%).
DEFENSE: was SHARPLY LOWER with most down double digits LMT -48.93, RTN -16.75, GD -16.45, TXT -5.16, UTX -6.07, NOC -31.58, BWXT +1.06, TDY -25.58 and ITA $144.84 -21.84 (13.10%).
RETAIL was LOWER with all down double-digit percentages. M -1.89, JWN -4.27, KSS -5.47, DDS -5.06, JCP -.10 (20%), WMT -10.43, TGT -13.58, TJX -6.61, RL -11.00, UAA -1.69, LULU -24.74, TPR -2.56, CPRI -4.49, and XRT 29.84 -5.13 (14.67%).
FAANG and Big Cap: were LOWER with this group the highlight of the crowded trade problems. GOOGL – 107.90, AMZN -184.86, AAPL -36.51, FB -17.49, NFLX -44.92, NVDA -37.47, IBM -15.97, TSLA -113.68, BABA -16.91, BIDU -11.37, BA -35.48, CAT -9.44, DIS -15.54 and XLK $74.38 -9.11 (19.91%).
FINANCIALS were LOWER with the market and the FEDs big REPO program didn’t seem to help. GS –22.89, JPM -8.97, BAC -2.65, MS -6.21, C -7.98, PNC -7.46, AIG -7.28 (22.45%), 9.80, AXP -13.56 and XLF $20.04 -2.80 (12.26%).
OIL, $31.50 -1.38 The stocks were LOWER with the price of Oil trying to hold $30.00 with a low today @ $30.02 before coming back a bit. I’m still standing aside this market since it has a lot of work to do to rebuild a base to define the risk. XLE finished $29.11 – 4.56 (13.54%).
METALS, GOLD: $1,590.30 -52.00. After the overnight selloff the Gold fell along with the S&P, breaking the 50-day MA, but holding the previous lows at $1,560 and bouncing a bit higher at the close. Gold is clearly suffering through liquidation like the rest of the market, but the FED repo program should stoke the inflation fires, and any bounce in stocks will help.
BITCOIN: closed $6,010 -1845. We broke to the downside overnight and fell to a low of $5595. While I want to add the 350 sold just over a week ago, I want to wait and see some stabilization. We still own 400 GBTC with an average of $8.06. GBTC closed $6.44 -2.17 today.
Tomorrow is another day.
CAM
submitted by Dashover to swingtrading [link] [comments]

UNSUBSTANTIATED RUMOUR: I'm hearing reports from normally reliable contacts that there are serious problems with the bitcon.com mining operation, and hackers are involved. Bitcon.com customers getting pissed. They're not mining on BTC or BCH. Looks like it's all over.

LOL. Any comment Salty Roger? MemoryDealers ?
Last block mined on BTC: 583242 (2 days ago)
Last block mined on BCH: 589572 (22 hours ago)
Apparently Emil Oldenburg has gone missing after publicly arguing with Roger, and Shaun Chong has been fired and for now Hans Engren is trying to fix things - and until we see any Proof of Work (i.e. mined blocks) from Bitcon.com it is obvious he is failing, and the hackers are in charge.
This is not a ransom attempt apparently - this is a seek/destroy takedown. All their office computers are down too!
UPDATE
Japan is getting this news right now How long for China?
UPDATE #2 2019-07-03 11:55 UTC
I've been provided with some technical details and it all makes sense:-
Of course /npc is quiet about all of this because of fear, uncertainty, doubt.. no not FUD about this news, but FUD about being banned for speaking against them or questioning the truth or their narratives in the "uncensored subreddit"
UPDATE #3 2019-07-03 13:16 UTC
cash.coin.dance really does need to fix its pie chart code. bitcoin.com still appears there in "blocks mined today" piechart however it's been over 26 hours now since last block mined on BAB.
Please anon sending me messaging stating: "Roger is 51% attacking his own chain as Unknown Miner to double-spend the 3 million BAB he is moving". Don't spread FUD. We know due to centralisation and checkpointing that it's impossible to do this so easily. I have 2 sources who I communicate with daily who are giving me all this info. More news to come, but I want to wait for some sort of signal.
There is now a thread of discussion on /npc will be nice to see how they deny/ignore this one, however attempts have already been made and corrected. Remember BLOCKCHAIN = TRUTH.
UPDATE #4 2019-07-03 14:00 UTC
About those 3 million BAB that moved across the chain.... hmmmmm.... what if Roger moved it, but didn't move it to where he expected, now knows it didn't go where he thought he sent it, and has additional problem of not being able to rollback the blockchain due to "checkpoints" after 10 blocks as other miners are mining including "Unknown Miner" ;) Miner collusion impossible if "Unknown Miner" says "NO". Do we get another emergency ABC release?
C'mon Roger - time to speak out and inform especially those people who idolise you on /npc. Nobody will blame you, easy errors to make. Blame Emil - he hired guy who setup the VPN.
UPDATE #5 2019-07-03 14:18 UTC
Finally coin.dance have fixed their piechart code! Now it's easy for all to see... where is bitcoin.com ?
OK I have been told I'm going to receive documentary evidence about all that has happened around 17:00hs UTC. They've told me they'd rather Roger be straight with his followers in the meantime, but hey - we all know Roger!
UPDATE #6 2019-07-04 05:12 UTC
I fell asleep watching coin.dance waiting for BTC block, sorry folks. I thought my contacts were late due to "variance" in their rendezvous time but no. They told me "will update at 5" and I presumed 17:00. Nope, it's 05:00. They've told me to watch the blockchain for clues, they realise best way to catch out Roger is to produce a series of events, and watch his social media reaction. We've already seen the "everything is OK" narrative at /npc as a block (589720) magically appeared after 26 hours on the BAB chain. In fact things were so good that David Shares was forced to make "dupe post" about it. If David Shares had been a user making a dupe post about a "bad topic" he'd of been banned by David Shares. We've got evidence logs of him banning 3 people in past few weeks just for making duplicate posts on the "we don't censor" subreddit.
Let's examine the blockchain, cause according to /npc "everything is OK".
Number of BTC blocks mined by bitcoin.com since this post was made: 0
Number of BAB blocks mined by bitcoin.com since this post was made: 3 (some are calling these "virtue signalling blocks", and it's a lot cheaper to virtue signal with BAB).
Last BTC block mined is still 583242 (2019-07-01 01:01:38). That's 76 hours without block.
Last BCH blocks mined:-
10 hour gap.
589747
589736
589720
26 hour gap. This post was made.
589572
589520
589487
589479
589442
If you think 3 BAB blocks in 36 hours is OK then I have a SHA257 (that's 1 better than a 256 model) miner to sell you.
"jim-btc we will update within 24 hours. Watch the blockchain. We repeat watch the blockchain". Roger that my secret contacts, thanks!
UPDATE #7 2019-07-04 10:24
I've posted all the block times for both BTC & BAB so you can see this "variance" lie is not going to work for very long.
This is NOT financial advise
If you have BAB - dump that shit faster than a smelly diaper... it's obvious to all except those trapped in the BAB BABble bubble that something really stinks!
submitted by jim-btc to bitcoincashSV [link] [comments]

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