Stock Market Discussion -- started 03/06/2018 -- updated daily !!!

[RoyBacon]

Premarkets were red all night pretty much. Doubled their losses after China announced retaliatory tariffs. VIX futures spiked, which is good news for my position in UVXY. I'll probably sell my entire volatility play today. Will probably buy a little TCS as an earnings play, frankly I see a lot of upside there. Might also scoop some 3 mo or so calls on XLP depending on the price and how the day trades. Even if China wants to push a deal past 2020, consumer staples shouldn't be taking the huge hits but rather tech will bear most of the burden. Depending on your investing time horizon and risk tolerance, today might be a good day to buy a little SMH. Keep an eye on it over the next month and double down if the price drops significantly more.

Agree...

You look at oil up slightly and gold down slightly and rates down slightly and this is nothing put a passing storm. I definitely agree on your sector analysis. Techs were looking for an excuse to trim valuations and they found one.

[Shev2]

You look at oil up slightly

Yeah I'm looking at possibly buying a 3x leveraged etf for WTI. Frankly I think the rise in oil prices is nothing more than traders looking for a haven since equities both domestic and foreign are taking a beating. Ticker DWT for 3x oil short and UWT for 3x oil long...

[pavyracer]

Yeah well if Trump goes ballistic then we crash and he loses and China is right. Trump is not a good poker player. Time to capitulate and say he didn't.

You can't be a good poker player if you keep twitting your hand to the other player.

[keely85]

What Uber doin today. Still taking a beating ?

[RoyBacon]

What Uber doin today. Still taking a beating ?

That fugger ubered my wallet. Bought a little Friday and sold on the open today, luckily. What a dog. Down about $5 today.

[KVB]

Getting killed with calls on LNG.

Strike price of 70 and the stock closed at 67.87 yesterday, options up nicely.

Then it opened at 65.03 today and is trading up, but of course down from yesterday.

Good thing is there is time to recover as I have some in June but the ones in the end of May are probably fukked.

If you see the chart, the potential is there for the June calls.

But, fuk, getting slammed there today.

[Snowball]

Trump inner circle banking hundreds of millions on insider pre-knowledge options today.

[KVB]

Trump inner circle banking hundreds of millions on insider pre-knowledge options today.

Wouldn't be surprised, but it would be the case for anyone in that position, it's not unique to Trump.

You know this though.

[d2bets]

Trump inner circle banking hundreds of millions on insider pre-knowledge options today.

No doubt about it. Not just today, but for the last year plus. We are not talking billions. We are talking trillions. The rich are getting beyond richer. It's a rigged game alright. And he's rigging it like never before.

[thomorino]

Hilarious that Trump is getting blamed for the sell-off, the tariffs were put on China a long time ago, the global economy is slowing, that's how it works, their are cycles, many companies selling off hard today like in retail have zero exposure to China.

[KVB]

...And he's rigging it like never before.

If you understand so much, then you should be able to profit from it.

Trump becoming one of the best ever, taking advantage of the booming numbers to fight the economic wars that were long overdue.

Every other President kicked the can down the road on so many issues.

Not Trump, guy is secretly doing a tremendous job, managing an Obama rating at the same stage in the presidency, yet treated as a polar opposite in the mainstream media. Let that sink in.

If we can only get congress to do something, anything for the future or the present, then we have one of the best government's in our lifetime. It's time for congress to govern.

Here are the Top 20 decliners so far today with last trade over 5 and avg 5 day trading volume over 250,000...

Symbol	Last Trade	Change	% Change	Description
AMZN	1,832.08	-57.90	-3.06	AMAZON.COM INC
BKNG	1,773.31	-56.54	-3.09	BOOKING HOLDINGS INC
GOOG	1,128.86	-35.42	-3.04	ALPHABET INC
GOOGL	1,133.19	-34.45	-2.95	ALPHABET INC
SOXL	138.14	-22.74	-14.13	DIREXION DAILY SEMI BULL
BLK	441.59	-21.41	-4.62	BLACKROCK INC
CMG	684.79	-20.65	-2.93	CHIPOTLE MEXICAN GRILL IN
ANET	244.33	-19.90	-7.53	ARISTA NETWORKS INC
TECL	133.10	-16.42	-10.98	DIREXION DAILY TECH BULL
BA	338.63	-16.04	-4.52	BOEING CO
SIVB	231.92	-15.97	-6.44	SVB FINANCIAL GROUP
NFLX	345.58	-15.46	-4.28	NETFLIX INC
ISRG	480.33	-14.98	-3.02	INTUITIVE SURGICAL INC
ULTA	328.41	-14.84	-4.32	ULTA BEAUTY INC
NOW	260.66	-14.23	-5.18	SERVICENOW INC
TDG	459.67	-14.19	-2.99	TRANSDIGM GROUP INC
BIO	297.13	-13.97	-4.49	BIO-RAD LABORATORIES INC
ILMN	302.47	-13.34	-4.22	ILLUMINA INC
FICO	274.34	-13.00	-4.52	FAIR ISAAC CORP
AVGO	291.25	-12.70	-4.18	BROADCOM INC

[thomorino]

Its hilarious that the media wants to highlight the very few industries like soy bean farmers hurt by Trump's tariffs without pointing the numerous industries that have been destroyed by cheap Chinese exports. Time to stand up to China, Trump doing a great job.

[KVB]

Its hilarious that the media wants to highlight the very few industries like soy bean farmers hurt by Trump's tariffs without pointing the numerous industries that have been destroyed by cheap Chinese exports. Time to stand up to China, Trump doing a great job.

Exactly.

China is targeting Trump's base, trying to hurt him specifically.

It's a targeted tariff, made to make Trump look bad, they never mention that.

Blame Trump, but it's actually a Chinese volley that caused it, an expected one at that.

[Shev2]

Closed my volatility play today for nice 7% over the weekend.

Bought DWT this morning at a cost of 5.61 and the position is up about 11 or 12% at the moment. Might buy UWT here at the end of the day to hedge overnight. Basically a straddle on WTI by using leveraged etfs.

Ended up buying TCS as an earnings play at 8.52. The stock is up a few pennies on the day, but they aren't reporting until tomorrow after close.

Considering buying a leveraged biotech etf with the expectation of holding it for a few months. Looking at LABU right now. Probably won't make a move on this today but keeping an eye out.

Currently holding XLP calls, and looking to get rid of them but the spread is too wide today. Hoping consumer staples can rally a bit tomorrow and I can dump these for a decent profit.

[RoyBacon]

I sold short some bridge jumper calls on the VIX. Otherwise grabbed some floating rate boring stuff.

[KVB]

Closed my volatility play today for nice 7% over the weekend.

Bought DWT this morning at a cost of 5.61 and the position is up about 11 or 12% at the moment. Might buy UWT here at the end of the day to hedge overnight. Basically a straddle on WTI by using leveraged etfs.

Ended up buying TCS as an earnings play at 8.52. The stock is up a few pennies on the day, but they aren't reporting until tomorrow after close.

Considering buying a leveraged biotech etf with the expectation of holding it for a few months. Looking at LABU right now. Probably won't make a move on this today but keeping an eye out.

Currently holding XLP calls, and looking to get rid of them but the spread is too wide today. Hoping consumer staples can rally a bit tomorrow and I can dump these for a decent profit.

Interesting stuff here. I'm looking to get back a couple grand from those LNG calls, I did the same with the partnership CQP for the divi run, but made what I've lost on LNG. So it's a wash...a little negative actually.

I want to get some back there and turn the profit I was headed towards, maybe some beat up leveraged funds might be a good move.

[Shev2]

Interesting stuff here. I'm looking to get back a couple grand from those LNG calls, I did the same with the partnership CQP for the divi run, but made what I've lost on LNG. So it's a wash...a little negative actually.

I want to get some back there and turn the profit I was headed towards, maybe some beat up leveraged funds might be a good move.

I think leveraged funds can present some opportunities that aren't necessarily there otherwise. I bought and sold calls on consumer staples and made about 10% on it today (9.52% to be more precise), but the spread was wide when I sold so I didn't make as much as I could have.

If I found a 3x leveraged etf that tracks consumers staples I could have gotten returns more comparable to an option than stocks but without having to deal with such wide spreads when it comes time to sell.

I've only recently started using leveraged etfs more but so far it's working well. Definitely allows an extra way to manage risk between options and stocks.

[d2bets]

If you understand so much, then you should be able to profit from it.

No, I'm not one of the billionaires that has endless cash and a direct line to this President or his Family.

[KVB]

No, I'm not one of the billionaires that has endless cash and a direct line to this President or his Family.

Don't need to be, the writing is on the wall, ride the wave and recognize that Trump is doing the right thing here.

Take advantage and back him like the billionaires you think are as well.

The advantage of the smaller guy over the billionaire is that he can liquid and fill positions completely with out moving the numbers.

Pretty hard for the big guys to pull that off.

In the end, these market hits will just come back, like they always do, and Trump will have produced even stronger metrics than before.

Opportunity abounds with that cash out of the market, it will flow back in, somewhere.

[RoyBacon]

Market is taking a breather here.

That Iran stuff is also quite hurtful. Investors are unsure of the scope. Gold went from down $1 to UP $13 but oil sold off so go figure.

Sometimes markets just need an excuse to go into sell mode.

[d2bets]

Take advantage and back him like the billionaires you think are as well.

The billionaires aren't "backing" him. They're going long and short the market at various times based on what they know is happening from insider info. If Trump decides to make a deal he just calls his buddies and gives them a heads up to buy. If he's saying no deal he calls and tells them that. Imagine the killing you can make having a heads up as to what Trump is gonna do on this from day-to-day.

[KVB]

The billionaires aren't "backing" him. They're going long and short the market at various times based on what they know is happening from insider info. If Trump decides to make a deal he just calls his buddies and gives them a heads up to buy. If he's saying no deal he calls and tells them that. Imagine the killing you can make having a heads up as to what Trump is gonna do on this from day-to-day.

Make the killing anyway, it's there to be had.

Acting like Trump is doing anything different than anyone else in the position, and acting like a victim about it is just ridiculous.

The man is giving you a gift, take advantage.

Then use that money to cure your TDS.

Good Luck guy, in navigating this environment. This thread just might help.

[RoyBacon]

The billionaires aren't "backing" him. They're going long and short the market at various times based on what they know is happening from insider info. If Trump decides to make a deal he just calls his buddies and gives them a heads up to buy. If he's saying no deal he calls and tells them that. Imagine the killing you can make having a heads up as to what Trump is gonna do on this from day-to-day.

You mean like Hillary with her one and only futures trade on cattle where she made $100k in a day? Which of course she was not prosecuted on.

You could say that about every POTUS since 1776 on.

[keely85]

Market is taking a breather here.

That Iran stuff is also quite hurtful. Investors are unsure of the scope. Gold went from down $1 to UP $13 but oil sold off so go figure.

Sometimes markets just need an excuse to go into sell mode.

Lmao no mention of China. Blames it on Iran. Classic Roy

[keely85]

Not to mention. You can thank ole Benji Yahoo and Trump for the Iran mess. If you’re gonna project the real problems

[RoyBacon]

Lmao no mention of China. Blames it on Iran. Classic Roy

Keely, there are 50+ active TDS threads. Do use a favor and let's keep butt hurt tard stuff out of this thread. Thanks buddy.

[keely85]

I was chatting about Uber earlier. Why can’t we talk about good and bad stuff? Not just What ole Roy wants?

[RoyBacon]

I was chatting about Uber earlier. Why can’t we talk about good and bad stuff? Not just What ole Roy wants?

Uber fine, TDS tard stuff, good or bad, there are 50+ other threads.

[keely85]

Well Uber ain’t doin fine. I bet a lot of ppl (other than execs) lost some cash on that opening.

[KVB]

Well Uber ain’t doin fine. I bet a lot of ppl (other than execs) lost some cash on that opening.

Yes, huge paper losses for the early guys.

I think it set a record.

[thomorino]

You mean like Hillary with her one and only futures trade on cattle where she made $100k in a day? Which of course she was not prosecuted on.

You could say that about every POTUS since 1776 on.

The best was they calculated the odds of that trade being successful and it was worse than 100-1, obvious the trade was a money laundering scheme, it was more than 100k too.

[Shev2]

Futures crossed into the green probably because of this https://twitter.com/cnbc/status/1128...991370752?s=21

[KVB]

We often get promising remarks on trade talks from the Administration, but China really pulled back this time and now they're getting punished.

[KVB]

The best was they calculated the odds of that trade being successful and it was worse than 100-1, obvious the trade was a money laundering scheme, it was more than 100k too.

Was that ever investigated or looked into by regulators? Who, if you remember, made that claim?

[KVB]

Futures look to have a small bounce. Really have no idea if that holds tomorrow...

Contract	Open	High	Low	Last	% Change	Change	Volume
S&P 500 E-mini	2806	2823.25	2799.75	2820.25	0.47%	13.25	138,452
NASDAQ E-mini	7315.25	7372.5	7290	7356.25	0.57%	41.5	56,990
Dow Jones (mini)	25278	25412	25217	25376	0.38%	95	30,873
Crude Oil (NYMEX)	60.86	61.29	60.73	61.24	0.33%	0.2	47,945
Natural Gas	2.624	2.644	2.622	2.636	0.57%	0.015	1,529
Gold (COMEX)	1300.8	1304.2	1298.9	1299.5	-0.18%	-2.3	48,920
Silver (COMEX)	14.78	14.825	14.775	14.795	0.12%	0.018	11,188
Copper (COMEX)	2.72	2.738	2.718	2.727	0.29%	0.008	12,660
U.S. Treasury Bond	149.438	149.625	149.219	149.344	-0.08%	-0.125	29,422
U.S. 10-Yr Note	124.406	124.531	124.297	124.375	-0.04%	-0.04688	216,844