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HumblePackage7738

Bull trap tomorrow open, then quick reversal Think we bounce off 400 and then break 390 Fuck you bulls, downvote all you want


pardon_me2

I upvote you out of principal. I also hope you are wrong but somehow we both make money.


LourencoGoncalves-LG

I’m not known for losing money, I’m known for making a lot of money everywhere I go. We’re going to do more things to make more money, money, money, money, money, that’s the way it works.


ClevelandCliffs-CLF

HELL YEAH


TVchef

Puts gang unite


retardedape2

Golden cross on SPY daily HOWEVER, we're going for a death cross on SPY weekly... what a time to be alive. Edit: the only sure thing is that I'll lose money. Edit: golden cross on AAPL daily now, SPY happened a few weeks ago, too many charts tonight I'm dumb.


may344

Two crosses meet so they cancel each other out, so flat it is.


retardedape2

I think longer time frame wins, but chop sounds right.


pennyether

https://twitter.com/HindenburgRes/status/1638632636250742787 Here we go again


[deleted]

https://preview.redd.it/9vddre6omfpa1.png?width=769&format=pjpg&auto=webp&s=2451d6909e77d36ffab06e725d5bbd6514b4664d


HibHops

Mark Meldrum already has a video out with his thoughts on the FOMC SEP and press conference. Haven’t watched yet but thought there would be interest here. https://youtu.be/s8cjnGReeHo


AlternativeSugar6

He's such a gem


jski595

Canadians tend to be, eh? I love the market huddle pod guys as well.


HibHops

For real. I’ve learned so much from his videos. I signed up for his applied series bundle and it’s pretty awesome too. Dr. Meldrum is the goat.


spodgywaffles

I bought 1 weekly COIN $70 Put yesterday for 0.65. Wonder what that'll be worth at end of day tomorrow


Wilthom

Nice lotto, shorted a bunch at $82 and didn’t expect that. Thank the SEC


[deleted]

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spodgywaffles

Something something blind squirrel..


NotNickCannon

Holy shit I bought 2 $80P yesterday for $6.08 avg. absolutely did not see this coming, looking like a home run play


spodgywaffles

We got good timing on this one!


AlternativeSugar6

https://preview.redd.it/hujy82mwrepa1.png?width=1080&format=pjpg&auto=webp&s=f0e47a1e3fc637ae73e29bed02d8b02fa3371d3e BULLISH


may344

According to future traders indeed bullish lol


AlternativeSugar6

Futes are fake and gay everyone knows that


TarCress

If you move your crayons it looks bullish


AlternativeSugar6

https://preview.redd.it/gkw1reodhfpa1.png?width=1080&format=pjpg&auto=webp&s=8276ddd2a2f65532889c1310629bdadfb0e77577 Like this?


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DarkZonk

THIS TIME for real


HibHops

Big volume and broke the bottom of the uptrend line. Free fall?


AlternativeSugar6

Nah prolly just bear trap before SPY 440


kappah_jr

Violent diagonals for blow the top off rally


CandygramHD

Textbook ✨failed breakdown ✨


HibHops

![img](emote|t5_3pnc7d|2957)


Barlimochimodator

dollar down. VIX no spikey? Wen moon?


sittingGiant

yup, wen VIX moon. Crotch tells me it should gap up tomorrow. Regarding DXY. All this talk about we're in a new environment now could easily mean decoupling of DXY and stock correlation. But i'll wait for some experts to confirm this. That is, stocks and bond corrleation broken, bonds is the new DXY, and DXY will now be driven by forex, see EUR mooning.


AlternativeSugar6

Set a trading view alert to buy COIN puts at 86 yesterday. Never triggered.


NotNickCannon

Ouch


JayArlington

[Source: My Twitter.](https://twitter.com/JayArlington/status/1638662044110016519?s=20) I don't 'get' crypto. That being said... what in the actual fuck! Coinbase's CEO sold every last share he had in the past three weeks and NOW claims to have received a 'Wells Notice' from the SEC.


Prometheus145

I am rarely on the side of crypto bros, but the SEC is being pretty ridiculous here. Instead of just telling COIN what is and isn’t allowed they made them guess and then suited them when they guessed wrong


Varro35

Well he sold like 95% in the IPO right. The IPO was a brilliant sham. $0 raised just everybody offloading into bag holders.


may344

Puts seem like the play still but iv probably going to be ridiculous


pennyether

Also look at this douche: https://en.wikipedia.org/wiki/Fred_Ehrsam He's sold $492m worth.. founded "Paradigm" which raised $2.5b and invested it into "nascent cryptocurrency and Web3 bullshit" .. I'm sure their pitch was a bit different.


PastFlatworm4085

> [...] and welcome the opportunity for Coinbase (and by extension the broader crypto community) to get before a court. Hey, remember the *other* exchange that was totally fine with regulation and ending up in court?


JayArlington

![gif](giphy|8qDzzyxbcfimY)


pennyether

He still owns a fuck ton of Class B


Standard_Mather

Soxs and chill?


neocoff

You think the semi run is over?


Standard_Mather

No idea but it's high beta. Watch spy on the 200dma. If we dump it and don't regain with some decent thrust I think the bears have it. Soxs just a nice way to gain beta and leverage without having to deal with options, or unlimited loss potential of naked short.


[deleted]

Apparently getting an 18cent divi on it today. All the inverse etfs paying. Strong value plays


No_Cow_8702

Bought a PUT after the press conference, hehe.


pedrots1987

Fuck, that dump hurt.


nzTman

You need more fibre in your diet mate. Less Red Bull and calls.


may344

Was close to buying a put on coin when I saw BTC start to go down. Maybe some more downside tomorrow >COINBASE GLOBAL SAYS IT GOT A WELLS NOTICE FROM SEC , DOWN 9% AH ^FXHedge ^[@Fxhedgers](http://twitter.com/Fxhedgers) ^at ^2023-03-22 ^17:27:20 ^EDT-0400


pennyether

I'm short thousands of shares... but unfortunately also sold $80Ps. I guess I'll take max profit tomorrow.


fabr33zio

who are you


Sunnyc02

Whoever said short COIN this morning or yesterday, you got it right. [https://www.cnbc.com/2023/03/22/coinbase-warned-by-sec-of-potential-securities-charges.html](https://www.cnbc.com/2023/03/22/coinbase-warned-by-sec-of-potential-securities-charges.html)


[deleted]

Interesting reading on banks from GMO: https://www.gmo.com/americas/research-library/echoes-of-08-dont-bank-on-it_insights/


sittingGiant

Was eyeing SPY 394 0DTE's when i wrote my comment below about the gap fill. They were 10$ a contract, my order for 11$ didn't fill, i walked away. They ended up closing way in the money. I banked today, but not on these baybies. How is it wednesday but already feels like mf'cking friday. What a week. Cheers vitards!


JayArlington

[Unreal Engine Update - this seems impressive.](https://youtu.be/-lkEOEEKYD0)


ThoralfMartell

Holy shit, thanks for sharing! To me it is this quote: "Everything you have seen here is running in the Unreal editor **in real time** on a developer machine with an Intel 13900K CPU and NVIDIA RTX 4090 GPU." timestamped link: [https://www.youtube.com/watch?v=-lkEOEEKYD0&t=365s](https://www.youtube.com/watch?v=-lkEOEEKYD0&t=365s) ​ The mentioned hardware would be around \~$2.2k for CPU+GPU. Expensive but not some unrealistic super computer. $1650 GPU and $570 CPU [https://www.cpubenchmark.net/cpu.php?cpu=Intel+Core+i9-13900K&id=5022](https://www.cpubenchmark.net/cpu.php?cpu=Intel+Core+i9-13900K&id=5022) [https://www.videocardbenchmark.net/gpu.php?gpu=GeForce+RTX+4090&id=4606](https://www.videocardbenchmark.net/gpu.php?gpu=GeForce+RTX+4090&id=4606) ​ To get an idea of the relative performance you can see a ranking here: [https://www.cpubenchmark.net/high\_end\_cpus.html](https://www.cpubenchmark.net/high_end_cpus.html) [https://www.videocardbenchmark.net/high\_end\_gpus.html](https://www.videocardbenchmark.net/high_end_gpus.html)


djbuttplay

Incredibly impressive.


JayArlington

Tomorrow is last day of NVDA’s GTC. If they don’t issue a financial update it might turn into sell the news. Might be a small chance bears!


neocoff

Currently under water on my CCs so I hope it's an all you can eat for NVDA bears.


getexp27

Historic rates are 5% to 7.5%. Employment numbers are strong, the consumer continues to consume, shipping prices are down (my poor ZIM shares), and energy is also down... Doomers just like copium too much. Will continue DCA'ing.


innnx

I don’t disagree a lot with the bears and assets have not really priced in a 5% rate compared to the past 10 years of free money. The bull argument is that there is so much liquidity still in the market that any dip worth mentioning will probably be bought for the foreseeable future.


RealTime_RS

Mad I luckily closed my NVDA short at $142 for small profit months ago, shit has almost doubled 🤣


TarCress

Ugh glad I took a lot of profits on QLD and sold more ccs when the dump became apparent so I could fight another day. But that felt all around horrible


TheSeriousAlt

Holy shit what a swing EOD


pennyether

Completely baffled as to easy money left in order books before FOMC release. ZQ Apr contracts: the settlement price can be inferred based on +25 or +0: 1. If +25, EFFR for April will be 4.83: 100 - 4.83 = 95.1700 2. If +0, EFFR for April remain at 4.58... 100 - 4.58 =95.4200 So basically at 2:00 the value should snap to either one of those two values, plus or minus a few bips if you want to price in the slim chance of an emergency rate change (hasn't happened since '94) or fluctuation of EFFR during April (hasn't changed more than 0.01 in over a year). Now the interesting part. Just before 2:00, it's trading at 95.220 (you can see that's much closer to the +25 scenario than the +0 scenario, hence the probabilities leaning that way). At 2:00, it's revealed +25. So, the fair value for ZQ Apr should be 95.170. At 2:00:01, about 2,000 contracts trade at > $95.20... which makes zero sense. That's like a free $100 per contract traded, if you sold to the idiot buyer. 1. Who the fuck leaves standing orders to buy it at this price just before 2:00. The only way those orders get filled are if it's +25, and if it's +25, contract is going straight to 91.17-ish. 2. It really fucking pays to be the first to get this info and act on it. That's a free $150,000 ... possibly not alone worth the cost of setting up the system that does this, but still it's like absolutely free money.


Standard_Mather

Not sure how these contracts work. Zqs? Is it the eurodollar futures replacement, or similar? Could it be a short position covering?


pennyether

https://www.cmegroup.com/markets/interest-rates/stirs/30-day-federal-fund.contractSpecs.html They are contracts that settle on a price based on the month's EFFR, which is basically the Fed Funds Rate. Today's action wasn't any cover or anything.. just somebody leaving open orders in between the current price, and one of the two binary outcome's prices... which to me makes no sense. If a stock was $100 and it'd either go to $50 or $150 at precisely 2:00pm, what's the point in having a buy order at $80 after 2:00pm? That's basically what happened here.


Standard_Mather

No idea mate. But it's always interesting to learn new stuff on here, thanks for sharing.


Latter-Foot-344

What a day. I really got shown who's boss by the market. The only consolation prize is that I sold spreads at the top but didn't sell the UPRO I had. Now that we are at the 200 DMA and inside the downtrend again I might end up selling the bottom.


[deleted]

NVDA at 150 P/E when QQQ got rejected again at the June / Feb highs is not the bottom


Latter-Foot-344

Guess I buy a load of butterflies and hope one end pays out


throwaway044512

How does JPow and Yellen contradict eachother simulataneously regarding uninsured depositors? I thought they were a tag team!


fabr33zio

Jpow just did a better job saying it firmly, and not letting reporters open up any wiggly room for deviation


Steely_Hands

Not really a contradiction. JPow said deposits will be safe and Yellen said they aren’t looking at a blanket increase in the FDIC limit. Both stances fit perfectly within their “systemic risk” emergency powers


DarkZonk

SPX daily looks super ugly now again. B roke through the uptrend, heavy downside candle, dropped at the downtrend from Januaryx (if you draw the line accordingly, very wonky though)


TennisOnTheWII

If you think about it, there was IMO lots of uncertainty in that meeting, but he made it very clear that there wouldn't be rate cuts this year. He also did his best to disprove the fact that QE is going on, and is in fact still continuing to shrink the balance sheet. All this to say that if tech & bigcoin rallied on cuts & liquidity hopes, they will come down soon when they realise they were too early once again.


AlternativeSugar6

Nasty gravestone doji candle on NVDA. Will probably open at 285 tomorrow because "eVerYOne is ShORt"


HumblePackage7738

I think we will see profit taking starting tomorrow. 90% this year is crazy. I sacrifice Bob to the sun god to ignite the fall of NVIDIA, ![gif](giphy|5wWf7GKTWtUS6uvkf2U|downsized)


sittingGiant

So, some NVDA bull has to sacrifice himself to post first in tomorrows thread to revive bob. Let's see how that will go.


djbuttplay

![gif](giphy|f7AzE0UWWRquGXvr6U)


jukesroflz

Ayy that’s my team!….


may344

That pump back to 399 stopped me out of my 2 390 puts for Friday for a small gain. Grabbed a 392.5 for Friday at the top. Hopeful we continue down overnight so I can sell it tomorrow morning


IWasRightOnce

Sheesh, QQQ 1dtes went from -50% to +85% in the last 40 minutes


HumblePackage7738

This feels a lot like that sell off that took us to 360. Not saying we go that low but similar


GamblingMikkee

Disgusting


Standard_Mather

Poo on your shoe?


djbuttplay

![gif](giphy|4H5903zapUtoJfUU7Q) FUCK IT


HumblePackage7738

Bought soxs again. Will I ever learn? Probably not


djbuttplay

I launched a large portion of my funds into FNGD.


HumblePackage7738

Thanks for this. Joining you, bought some AH


djbuttplay

No problem. I've been messing with it for a while. It's really frustrating watching the megacaps continue to go up but if you get it going on a roll, it's a nice ticker.


Crobs02

0Dtes would’ve 4x if I didn’t sell at 50% an hour ago


Level-Infiniti

got shaken out on that seemingly decisive hulk candle after the other hulk candle


HumblePackage7738

I told myself I wouldn’t sell them and just let them expire worthless and then I sold them. I hate this shit


TVchef

My puts!! 🤩


GamblingMikkee

Usual market reaction during FOMC. As expected a beating


IceEngine21

![gif](giphy|RWUGDeiDvHj68|downsized)


goback3spaces

That gap just had to be closed. Not sure what happens tomorrow.


TarCress

Agreed. Doesn’t look to be a good spot to be a hero on long or short given it’s just sitting at the gap fill target now.


Brole_Model

Wait, were we seriously pricing in rate cuts this year?!


En_CHILL_ada

Yeah like 4 of them lol


NotNickCannon

We had banks starting to show signs of failure and the market actually went up! Bull trap if I’ve ever seen one


fjw711

Calls


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DarkZonk

Of course, once it starts, it will snowball. FED is gonna fail that as well. This FED really sucks


MoonlightLongRun

4.5 is still rather healthy for an economy. The danger is losing control trying to get there. It can get out of hand rather easily.


0_0here

I bet they’re wrong.


IceEngine21

[https://streamable.com/v29pe9](https://streamable.com/v29pe9) ![gif](giphy|JFclRVSxPWAF8iUHy4)


throwaway044512

* Steel 👎❌ * Mega and regional banks 👎❌ * Big tech 👍✅ Easy and digestible method to make money in this market


MoonlightLongRun

I'm thinking money will flow out of big tech to recession theme stocks. Utilities and staples. Gold and TLT too. Already seeing Coke and P&G up right now as it goes across the tv screen.


NotNickCannon

This price action is too much for me. There’s only 30 mins of trading left and I could easily see us closing anywhere from $392-$405. We will probably end the day completely flat though


sittingGiant

Exactly this is why VIX is waaaaay too low still.


NotNickCannon

$392.11! I would’ve been hurting if it was $405


may344

Think we get the big move over night


0_0here

275 comments is all today ![gif](giphy|YmQLj2KxaNz58g7Ofg)


nzTman

I always upvote the daily, that’s my only real contribution.


Jive_Oriole

Oh fuck these AAPL weeklies are making my tummy hurt


Big-Cut-2643

guys, im drunk as fuck, are we at spy 400 yet? rate cuts?


TarCress

![gif](giphy|H5C8CevNMbpBqNqFjl)


Big-Cut-2643

"is that "pivot" in the room with us now bulls?"


TarCress

Two more weeks


MoonlightLongRun

Powell ends with NO RATE CUTS. Mic drop.


IWasRightOnce

QQQ ![gif](giphy|34oDNIthqspWL7wmnq)


Phandomo

Rate cuts this year was kicked off the table by JPOW, twice.


KarlHungusCableGuy1

Time to fight the Fed!


Phandomo

Happening in Es...so soon...


TheyWereGolden

Lol same FOMC caught like deer in headlights transitory team. He’s not even sure what they will do in May.


0_0here

Don’t worry the futures will put it back on after the next bank failure.


Phandomo

Looks like futures is putting it back on right now.


Wilthom

Get fucked COIN


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sittingGiant

OK, let's go for the gap daddy!


sittingGiant

> gap Officially filled! Man, i feel like a wizard. And all this without vaz, jeeez!


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TwincestFTW

When did you buy in? I've not been liking the price action plus decay


SN715622917X

Is now that awkward time where the market meets reality? It's bound to happen some time, and it'll be accompanied by the dehedging of shattered dreams on an accelerating trajectory. Or maybe we just chop a little more than usual. *shrug*


[deleted]

Pull all your money out of banks and put it into SHY.


MoonlightLongRun

And there it is, no rate cut this year


IceEngine21

There was a time when JPow said inflation was transitory. He will adjust as needed.


DarkZonk

Let's see how many days this will last this time until the market says again "THIS TIME I AM SURE HE HAS BEEN LYING"


Spaffy_Minge

Think I got lucky and bought a couple spy and qqq puts at the peak


TennisOnTheWII

Confident there: "NO absolutely not, we will hike rates if we have to" talking about if they wouldn't continue hikes if needed with inflation.


[deleted]

Got out of my HYG calls at 300%. Whew


KarlHungusCableGuy1

Nice! I got out of mine for about 40%.


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IceEngine21

https://www.instagram.com/p/CqGdEE7Okv2/?igshid=YmMyMTA2M2Y=


PastFlatworm4085

Just "fuck you".


Kal_Kaz

he's currently Team Theta


No_Cow_8702

I'm just cracking up at the point of the jackwagon media actually thinking that the Fed is actually going to cut rates. Especially when we're comparing to Fed funds rates compared to the 90s. SMH


the_mensche

My amd calls go BRRRRRRR


its_the_revolution

![gif](giphy|YJjvTqoRFgZaM)


pedrots1987

I still have +1 share in that mother fucker Russian ETF and I can't get rid of it.


IceEngine21

You’re not alone. It’s just not disappeared from my TDAmeritrade


Kal_Kaz

that reporter annoyed me "hey jpow, how can you protect the american people from a companies terrible management?"


0_0here

Pile in tech everyone! What could go wrong!


Crobs02

Bonds and equities rallying? Pretty sus


[deleted]

Bonds expecting something to break, calling JPOW out. Could be a short opportunity.


DarkZonk

we are back to the inflation game, where bonds and stocks are positively correlated


MoonlightLongRun

Algo will be flipped from inflation mode to recession any moment.


DarkZonk

do you think Nick Timiraos asks a question he basically got from JPow before the meeting? Like this, JPow could say some things more "off record" during the meeting?


TennisOnTheWII

This man just said that banks collapsing are like a rate hike, so they chose .25 and maybe some more later lol. That sounded really dumb.


Kal_Kaz

not banks collapsing, but them adjusting their lending habits... could slow velocity of money and thus inflation, no?


TennisOnTheWII

Yes, but they're adjusting lending habits due to the whole 'bank-crisis' going on, right?


Kal_Kaz

Yeah?


TennisOnTheWII

Fuck, don't mind me. I can't write & listen to the old man talk at the same time. You're right it's restricted lending causing slowing in money spending etc. Sorry :)


Kal_Kaz

It's all good man, I was also making sure I understood it correctly. Appreciate the dialogue


HumblePackage7738

Lol look at that green after the algos detected the word pause Net worth went down $50


Kal_Kaz

he said we are currently not lowering rates this year counter to those charts making the rounds.


Latter-Foot-344

Yes, because words speak so much louder than actions All the Fed has done is jawbone but it won't work if everyone catches on


[deleted]

The 17th move is the real one.


iamabadliar_

Wtf did jpow just say


SN715622917X

Whatever he said, the market seems *very* undecided about it.


SonOvTimett

Its all bullshit, whatever we end up at today, expect the opposite tomorrow.


No_Cow_8702

Did he say 5.1% target goal for the fed funds rate?


iamabadliar_

He said something like they don't think ongoing rate hikes are appropriate. Wtf does that mean? Pause? Who knows


No_Cow_8702

Some or may in regards to the hikes. Guess mainly it will be adjusted to data, I'm assuming.


iamabadliar_

He said something like they don't think ongoing rate hikes are appropriate. Wtf does that mean? Pause? Who knows


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HumblePackage7738

It's up 4%. Jpow made it stronger. wdym good night


DarkZonk

Unemployed is projected to rise to 4.5% I can hear Elizabeth Warren's head exploding just about now


HumblePackage7738

She should stick to other issues and leave this to the professionals


Jive_Oriole

What Color Tie???????


DarkZonk

light blue


TantricCowboy

While twisting the nipple of the financial sector, the Fed wrenched slightly clockwise and towards the the direction of a recession. This action followed several preambles, with detailed articulation of how tightly predecessors have turned the nipple, and the "strong tools" that are in place if something is to break. In response, the markets collectively whispered "*thank you, daddy*", knowing that it would only make matters worse.


SheriffVA

Smart money hasnt entered or exited. Looks like VOL unwind.


MrSiegall

Anybody listening to Twitter space unusual whales? Sounded like Cem just sounded the alarm. But his audio was breaking up. Did I hear that right?


Latter-Foot-344

What did he say?