The bears den

[wutawa]

All waiting to see what pattern trump will come up with next

 

[revhappy]

Futures falling now, I wonder what happened..

 

[theMKR]

Markets are neither rising nor falling a lot. I think this is a great time to sell PUTs.

My plan is to sell SPY 250 puts for December. The premium is 2% absolute, for the remaining 7 months. I will make it 50% cash secured and have the remaining 50% as backup in SSB.

So I make about 4% returns over the next 7 months. Not bad for risk/reward right?

actually i want to buy long shot PUTs, like SHOP at 260 and IBM 120.... but it seems like gambling

 

[revhappy]

German 10 Yr yield negative 15 bps! WTF!

Japanification of Europe!

 

[revhappy]

Billionaire Interactive Brokers founder: ‘I wouldn’t go into the summer months with a long position’ in stocks

https://www.cnbc.com/2019/05/23/int...homas-peterffy-cautions-on-summer-market.html

 

[DukeCS33]

Futures falling now, I wonder what happened..

European indices are down. In any case, there is not much to read into this type of lack lustre moves in SP futures right after a long weekend and prior to open. Just a general lack of interest. A strong positive or negative would however give some color on the opening.

 

[churnmaster]

Markets are neither rising nor falling a lot. I think this is a great time to sell PUTs.

My plan is to sell SPY 250 puts for December. The premium is 2% absolute, for the remaining 7 months. I will make it 50% cash secured and have the remaining 50% as backup in SSB.

So I make about 4% returns over the next 7 months. Not bad for risk/reward right?

Yes, with this plan you are committed to buy the underlying only if its drops to your price. So its a very disciplined approach to buy. All the best.

 

[DukeCS33]

AMD price action in the premarket looks interesting... steadily climbing up to a premarket high now.

 

[theMKR]

AMD price action in the premarket looks interesting... steadily climbing up to a premarket high now.

I have a huge short pos of amd now

 

[revhappy]

Yes, with this plan you are committed to buy the underlying only if its drops to your price. So its a very disciplined approach to buy. All the best.

Thanks! 10 char.

 

[Mecisteus]

Market is green. Best chance for bears to short big big.

Bull trap?

 

[churnmaster]

Market is green. Best chance for bears to short big big.

Bull trap?

A rally closer to 2860 would be an opportunity to short the index. Just waiting patiently, till we get there.

 

[Mecisteus]

A rally closer to 2860 would be an opportunity to short the index. Just waiting patiently, till we get there.

One of my stocks hit a new all time high today.

Imagine if I were to panic and sold out?

 

[revhappy]

Market is green. Best chance for bears to short big big.

Bull trap?

You were right after all

 

[DukeCS33]

You were right after all

Technical observations:

S&P held on to the 2800 level.

There was an observed lack of demand on 24th May and this was followed by an effort to move down last night with a close near lows. Buyers have retreated and if they are not showing up at the key support level at 2800 then what? Or are they waiting to spring a trap on short sellers?

The sell off volume last night was above average and that potentially means an attempt to break through key support level with strong intent and momentum. Wil it succeed?

20 EMA is crossing below a downward sloping 50 EMA in the daily charts

In the weekly chart, the sell off volume is matching that which drove the index down in Dec 2018 - are the insto players participating in this sell off?

Macro observations:

10y UST yields approaches a 19 month low

Yield curve inversion 3mths vs 10 years though the widely followed indicator of recession is the 2yr vs 10yr UST yields. The later is still maintaining a positive spread

10y UST yields is below fed funds rate and that is a warning sign of stock market turmoil.

Fundamentals:

Consumer confidence is exhibiting strength

Various US Investment banks are revising coming quarter's GDP lower

Trump indicated not ready to make deal with China

China hinted at weaponizing rare earth.



---------------------------------------------------------------------------

Draw your own conclusions

 

[DukeCS33]

One of my stocks hit a new all time high today.

Imagine if I were to panic and sold out?

You are good with your stock picks.... typically when the index sell offs, majority of stocks would move in sympathy. Only very strong stocks would survive.

 

[DukeCS33]

I have a huge short pos of amd now

New product launched.

 

[revhappy]

Lol! Seriously? We must then buy SGD & MYR, since US thinks it is undervalued.

 

[madtari]

If Ireland is on the list, meaning UK is also on the list since both using pound?

Lol! Seriously? We must then buy SGD & MYR, since US thinks it is undervalued.

 

[Mecisteus]

You were right after all

Congrats to those who have the balls to short.