UPDATE May 18
I have one word for yesterday.
SQQQ - Leveraged inverse QQQ
didn't get any buys in but still holding my bearish position. 1000% goal!
didn't get any buys in but still holding my bearish position. 1000% goal!
VIX - Measures market fear (went over 80 during the covid crash) are we to believe we are at NEUTRAL in fear?!!!?!!! HELL NO! Fear just started - PAY ME!!!
I was filling VIX orders all week - And just set an order for more *adding to July & August
I was filling VIX orders all week - And just set an order for more *adding to July & August
Another big flush coming - Everyone who was at work yesterday and came home to a deep red account put in their sell orders for today.
Well if your still holding any tech I feel bad for you son -
Nothing is safe (crypto will be ultra crushed). Why is it selling now? Because the gig is up, Walmart and Target (canaries in the coal mine) both reported EXCESS inventory! after being low on inventory they stacked the shelves and warehouses - but no one is buying anymore (hello recession- we are already in one btw). The consumer has reached their debt/purchase limit. Look at Moomoo activity, it's even down, the public forum is way down in activity. The market has taken, several hedge funds are closing/collapsing but more will follow. This is the sign of demand destruction. *On a side note this will lead to the rally eventually- because the FED will use this as how they have beat inflation- but like everything else they say - it will be another lie- because they can't stop food and energy inflation.
OK seriously now -
OK seriously now -
NOT EVEN JOKING!!!
$Crude Oil Futures(AUG4)(CLmain.US$ $VanEck Oil Services ETF(OIH.US$ $ConocoPhillips(COP.US$ $SPDR S&P Oil & Gas Exploration & Production ETF(XOP.US$ $Schlumberger(SLB.US$ $Halliburton(HAL.US$ $NOV Inc(NOV.US$ $Baker Hughes(BKR.US$ The market selloff will be over when they come after energy! They come for the Generals last! (they just took out Hormel, and other food producers) and when they do, buy that selloff.
Showing a new indicator, KDJ (because moomoo has a highlight on it) Its like an inverse RSI - it uses oversold/overbought levels to generate buy signals. When it "crosses" on an upswing that can be a buy signal.
$Crude Oil Futures(AUG4)(CLmain.US$ $VanEck Oil Services ETF(OIH.US$ $ConocoPhillips(COP.US$ $SPDR S&P Oil & Gas Exploration & Production ETF(XOP.US$ $Schlumberger(SLB.US$ $Halliburton(HAL.US$ $NOV Inc(NOV.US$ $Baker Hughes(BKR.US$ The market selloff will be over when they come after energy! They come for the Generals last! (they just took out Hormel, and other food producers) and when they do, buy that selloff.
Showing a new indicator, KDJ (because moomoo has a highlight on it) Its like an inverse RSI - it uses oversold/overbought levels to generate buy signals. When it "crosses" on an upswing that can be a buy signal.
100 dollar oil is a staple for YEARS now (look at what all the environmentalists have achieved) These companies will make money hand over fist. As this economy craters into the depths these may sell down but THEY ARE STILL OUT EARNING THE MARKET!!!
Long term dynamics keep me invested and buying - Oil (always), Uranium (back at 6 month lows) $Uranium Energy(UEC.US$ $Denison Mines(DNN.US$ $Energy Fuels(UUUU.US$ Weekly: More selldown but should've already bottomed.
Long term dynamics keep me invested and buying - Oil (always), Uranium (back at 6 month lows) $Uranium Energy(UEC.US$ $Denison Mines(DNN.US$ $Energy Fuels(UUUU.US$ Weekly: More selldown but should've already bottomed.
Daily:
Gold (always), Silver (always), Miners (6 month lows) * The miners follow gold/silver ![]()
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Potash/Fertilizer (sold down by half a little further to go - these companies are ditto my outlook for oil) $The Mosaic(MOS.US$ $Intrepid Potash(IPI.US$ Weeklies -
While techs "now" outrageous 20× valuations are getting shredded (I said back in February to take these to single digit multiples or bankrupt in many cases - Peloton, + a bunch of tech startups I never cared about - anything SPAC since covid is in the crosshairs). You do not want money in anything not currently earning money and that WILL CONTINUE to earn money (I hold commodities and biotech a sort of commodity).
To happily![]()
hold the stocks that you do own - Protect yourself and HEDGE - buy puts, sell calls, buy leveraged short funds $ProShares UltraPro Short QQQ ETF(SQQQ.US$
To happily
Do what you need to do to protect your wealth!
iam overall 🐻 'ish as always. $Invesco QQQ Trust(QQQ.US$ $E-mini NASDAQ 100 Futures(SEP4)(NQmain.US$ to bet against the Nasdaq and its indices without using futures or options - just buy leveraged hedges like $ProShares UltraPro Short QQQ ETF(SQQQ.US$ $ProShares UltraShort QQQ(QID.US$
Weekly, 282 might be the bottom (for now)
iam overall 🐻 'ish as always. $Invesco QQQ Trust(QQQ.US$ $E-mini NASDAQ 100 Futures(SEP4)(NQmain.US$ to bet against the Nasdaq and its indices without using futures or options - just buy leveraged hedges like $ProShares UltraPro Short QQQ ETF(SQQQ.US$ $ProShares UltraShort QQQ(QID.US$
Weekly, 282 might be the bottom (for now)
Daily:
VIX: Oh my new favorite baby! I love my VIX buys!
Weekly:
Weekly:
Daily: I see it going 2 ways
2 Hr: The 50Ma and 20 MA have NOT separated YET! but with this price movement they will - that means when the gap gets really big start looking to sell.
Futures: All charts are 2hr unless it says daily (1 NQ chart)
Crude Oil Futures
Crude Oil Futures
Silver
Daily
2 Hr: 11600 was my target in November but maybe lower now, we are nowhere near done selling - no capitulation yet
VIX - Buy the fear gauge (use UVXY it's the easiest because others are futures or options)
Lots of bad news - but I said this was coming, the FED has wrecked the economy (that was their goal *its their only tool to control inflation)
Stay safe protect yourself
and as always Good Luck![]()
Stay safe protect yourself
and as always Good Luck
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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lolman : Hmm oil seems to be dropping
Jason Jason8 : Can UVXY still be purchased
iamiamOP lolman: yes I said it would, I'm saying this is what you buy, you never buy something going up because when it reverses you lose. #1 rule - only buy on red days
iamiamOP Jason Jason8: yes it's getting a pullback.
101828445 : Can I ask how do you hedge with options? For example if I hold a stock and it turns bearish, is it better to buy puts or sell calls? Which choice would be better?
iamiamOP 101828445: I do both, that is called a synthetic short, your shorting with your own shares.
lolman iamiamOP: Facts
iamiamOP : VIX Looking good for a buy, 2 orders filled another 2 sent for July and August
101828445 iamiamOP: Do you mind sharing a bit more on synthetic shorts? I googled but still do not really understand. For now, I only know how to buy call options. Does one need to already hold the stocks to sell calls? For synthetic short, is it to buy puts and sell calls at the same strike price and same expiry date? And shld the strike price chosen be alr ITM?
iamiamOP 101828445: Yes you must own at least 100 shares OR a call option that is below the one you sell (remember your buying puts also so this really works best if your call option is deep ITM and further out than the one you sell and the puts you buy)
You can buy a put/s at the same strike you sell a call... I like to buy puts at lower strikes than the call I sell because they are cheaper and I can buy more of them - so it is a more profitable position.
I will give you an example of one I just closed Friday.
If you have more questions ask, this is kinda complicated stuff, and can be VERY profitable or problematic (especially if you have margin because of the way margin is calculated - if you don't have margin don't worry about it)