Bitcoin Price Chart (BTC) Coinbase

Bitcoin is top of the charts today, the whole market is showing positive sentiment although BTC leads the way with a close to 6% increase, consolidating the price around the $10,500 mark.

Bitcoin is top of the charts today, the whole market is showing positive sentiment although BTC leads the way with a close to 6% increase, consolidating the price around the $10,500 mark. submitted by fomotrade to EOtrade [link] [comments]

04-02 08:04 - 'hrm, i saw today a new chart of Nasdaq with pairs of BTC/USD, maybe that why the price jumping ? [link]' by /u/ph5il removed from /r/Bitcoin within 91-101min

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hrm, i saw today a new chart of Nasdaq with pairs of BTC/USD, maybe that why the price jumping ? [link]1
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Go1dfish undelete link
unreddit undelete link
Author: ph5il
1: **w.b*cha*t.org
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Here is a Market Recap for today Thurs, Oct 8. Please enjoy!

PsychoMarket Recap - Thursday, October 8, 2020
Stocks rose again today, extending yesterday’s frankly unexpected gains, with the major benchmarks opening at their highest levels in about a month. Market participants digested a new round of jobless claims, dimming hopes of stimulus, even for stand-alone bills, and progress in Covid-19 therapeutics following Pres. Trump’s discharge from the hospital.
The Nasdaq (QQQ) finished the day 0.54% up. The S&P (SPY) led the day, up 0.85% and the Dow (DIA) finished 0.48% up.
Today, the Labor Department released their weekly jobless claims report. There were 840,000 additional first-time jobless claims this week, slightly above the 820,000 prediction of analysts. While 840,000 is the lowest level since March, jobless claims have stagnated the past month, a sign of slowing economic recovery. Continuing claims, which are the number of people who have already filed an initial claim and who have experienced a week of unemployment and then filed a continued claim to claim benefits for that week of unemployment, fell below 11 million, dropping almost 1 million compared to the week before. Ian Shepherdson, chief economist at Pantheon Macroeconomics said, “The decline in continuing claims is welcome, but initial claims offer a better read on the real-time state of the labor market, and the downward trend has stalled, more or less.”
According to CNBC, there are still 25.5 million workers claiming some form of unemployment benefits, according to totals through Sept. 19. More than half that total, or about 13.4 million, comes from those collecting under pandemic-related programs set up for those who normally wouldn’t be eligible, showing the toll the pandemic has put on the labor market.
House Speaker Nancy Pelosi further curbed expectations that any form of stimulus will be unleashed before the November election. Today, in response to a bill designed to provide relief to the airline industry, Pelosi said, “There is no stand-alone bill without a bigger bill.” In other words, she opposes passing smaller, stand-alone stimulus bills in the absence of more comprehensive measures. Yesterday, after calling for his representatives to stop negotiations for overarching stimulus, Pres. Trump signaled he would support a smaller, targeted bill. In response to Trump’s recent tweets about stimulus, Ed Mills, policy analyst at Raymond James said, “It’s been the question of the day, as to why we got the tweets we got over the last 24 hours, the market reaction we got into [Tuesday’s] close, and then the rally.” Needless to say, the current market is hyper-responsive to the comments of Trump and other top officials.
Shares of Regeneron (REGN) jumped after the drugmaker said it had submitted a request to the U.S. Food and Drug Administration (FDA) for emergency use authorization of its Covid-19 antibody treatment, which had been taken by President Donald Trump after his Covid-19 diagnosis. In a video on Twitter today, Pres. Trump openly endorsed the move saying “I took this medicine [during his stay at Walter Reed Hospital] and it was incredible.”
In other nice news, the World Trade Organization (WTO) announced that South Korea’s trade minister and the former Nigerian finance minister are the two finalists in the race to become the next director-general. This is the first time a woman will occupy the position of top leader in this organization.
Highlights
"Don't judge each day by the harvest you reap but by the seeds that you plant." -Robert Louis Stevenson
submitted by psychotrader00 to StockMarket [link] [comments]

Here is a Market Recap for today Thurs, Oct 8. Please enjoy!

PsychoMarket Recap - Thursday, October 8, 2020
Stocks rose again today, extending yesterday’s frankly unexpected gains, with the major benchmarks opening at their highest levels in about a month. Market participants digested a new round of jobless claims, dimming hopes of stimulus, even for stand-alone bills, and progress in Covid-19 therapeutics following Pres. Trump’s discharge from the hospital.
The Nasdaq (QQQ) finished the day 0.54% up. The S&P (SPY) led the day, up 0.85% and the Dow (DIA) finished 0.48% up.
Today, the Labor Department released their weekly jobless claims report. There were 840,000 additional first-time jobless claims this week, slightly above the 820,000 prediction of analysts. While 840,000 is the lowest level since March, jobless claims have stagnated the past month, a sign of slowing economic recovery. Continuing claims, which are the number of people who have already filed an initial claim and who have experienced a week of unemployment and then filed a continued claim to claim benefits for that week of unemployment, fell below 11 million, dropping almost 1 million compared to the week before. Ian Shepherdson, chief economist at Pantheon Macroeconomics said, “The decline in continuing claims is welcome, but initial claims offer a better read on the real-time state of the labor market, and the downward trend has stalled, more or less.”
According to CNBC, there are still 25.5 million workers claiming some form of unemployment benefits, according to totals through Sept. 19. More than half that total, or about 13.4 million, comes from those collecting under pandemic-related programs set up for those who normally wouldn’t be eligible, showing the toll the pandemic has put on the labor market.
House Speaker Nancy Pelosi further curbed expectations that any form of stimulus will be unleashed before the November election. Today, in response to a bill designed to provide relief to the airline industry, Pelosi said, “There is no stand-alone bill without a bigger bill.” In other words, she opposes passing smaller, stand-alone stimulus bills in the absence of more comprehensive measures. Yesterday, after calling for his representatives to stop negotiations for overarching stimulus, Pres. Trump signaled he would support a smaller, targeted bill. In response to Trump’s recent tweets about stimulus, Ed Mills, policy analyst at Raymond James said, “It’s been the question of the day, as to why we got the tweets we got over the last 24 hours, the market reaction we got into [Tuesday’s] close, and then the rally.” Needless to say, the current market is hyper-responsive to the comments of Trump and other top officials.
Shares of Regeneron (REGN) jumped after the drugmaker said it had submitted a request to the U.S. Food and Drug Administration (FDA) for emergency use authorization of its Covid-19 antibody treatment, which had been taken by President Donald Trump after his Covid-19 diagnosis. In a video on Twitter today, Pres. Trump openly endorsed the move saying “I took this medicine [during his stay at Walter Reed Hospital] and it was incredible.”
In other nice news, the World Trade Organization (WTO) announced that South Korea’s trade minister and the former Nigerian finance minister are the two finalists in the race to become the next director-general. This is the first time a woman will occupy the position of top leader in this organization.
Highlights
"Don't judge each day by the harvest you reap but by the seeds that you plant." -Robert Louis Stevenson
submitted by psychotrader00 to stocks [link] [comments]

Is Bitcoin a leading indicator for stocks? (plot attached)

I read an article that claimed that Bitcoin tended to lead stocks market changes, but this was the usual tea leaf reading and chart-staring.
So I decided to compute the cross-correlation function of daily bitcoin percentage changes with SP500 daily percentage changes, from 2015 to today.
Plot here: https://i.imgur.com/zNHSzZK.png
The big white peak shows that bitcoin and stocks move in parallel on the same day (zero time lag).
But the broad bump in the red boxcar-smoothed correlation function suggests that bitcoin prices changes today are correlated with SP500 changes over the upcoming week.
However the SP500 seems to have little or no predictive power for Bitcoin, because there's no peak to the left of zero.
NOTE: the cross-correlation function is defined as
c(t) = ∫ 𝝙BTC(𝜏 )/BTC((𝜏 ) ⨉ 𝝙SP500(𝜏 +t)/SP500(𝜏 +t)d𝜏
so that if BTC(𝜏 ) tends move the same as SP500(𝜏+t) for many 𝜏 then c(t) should have a peak at t.
edit - a simple hypothesis: The zero-lag (white) correlation is obviously just normal correlated markets. The longer (red) correlation represents an internal lag time to the stock market in responding to events. For example a negative event causes a crash in both BTC and SP500. The Bitcoin falls fast, and stops, but SP500 reacts slowly and the sell-off takes a few days to complete.
As an analogy, an earthquake knocks down a building (BTC), and also sets off a huge landslide (SP500), but the big landslide tends to be followed by a series of smaller landslides. The building's fall "predicted" the multi-day landslide, but it's not a useful prediction, because you could have looked at the initial landslide and known that more landslides tend to follow.
edit 2: a technical way of saying this is that the SP500 might have a longer impulse response to external events than BTC.
submitted by VeryStableGenius to investing [link] [comments]

Let's talk about Bitcoin price volatility.

The idea of that as more people adopt Bitcoin the price will stabilize to its long term exponential curve.
Here's why I think that's true.
  1. We're already seeing this. Check out the price charts to confirm.
  2. It makes sense. The ratio of seasoned Bitcoiners to new investors increases over time. N00bs are far more likely to panic sell for a loss. So as more and more Bitcoin users develop their strong aversion to selling, the sharp downward swings (caused by panic selling n00bs) are reduced in severity and frequency.
  3. Plus now we have larger, more wealthy entities who buy the dip. Microstrategy already publicly announced that they're doing this. So large dips are cut off before they gain any momentum. You'll only see large downward swings if someone cashes out a few million dollars in BTC all at once. But the severity of those dips will be blunted.
  4. Regular buyers: Grayscale Bitcoin Trust alone is buying more than 100% of the newly mined Bitcoins. Where do you think the extra Bitcoin is coming from? (BTW glorious nation of Kazakhstan just invested $700,000,000 in Bitcoin mining gear). Eventually this pool of existing Bitcoin that they're buying from will dry up more and more. That's without even considering the massive effect that the 4 year halving cycle creates.
  5. At the next halving 31months from now, the amount of new Bitcoin created gets cut in half again for the 4th time. This will run the well even drier. Let's say Grayscale continues to buy the same amount (even though they will definitely keep increasing their investment and other players will join in too). The faster the reserve of already existing Bitcoin is getting bought up, the faster the price goes up. The halvings increase this every 4 years.
It is an absolute certainty that Bitcoin will outperform every alternative investment and one day replace or completely dominate every other type of money.
And for the Bitcoin scaling issue, the lightning network has already solved that. It does a million transactions per second, and has the capacity to send 10 BTC at once, instantly, for a few Satoshis (practically free). The Bitcoin blockchain will always run right about at capacity. The lightning network has private transactions. How do we know that Bitcoin together with Bitcoin lightning aren't doing as much business as Visa?
There is no limit for how high Bitcoin will go.
Compare this with TSLA. Today they have a P/E ratio of 1145. Many will consider this to be overvalued. That limits how high the stock price can go. Plus, you can't spend stock. You HAVE TO sell it first.
Bitcoin has no such limits. The price of Bitcoin can and will continue to go up exponentially over the long term. As volatility improves, the pace of price increase should increase as well. Accelerating acceleration. You never need to sell Bitcoin. Just spend it, unlike stocks or other financial instruments.
Eventually, after 6 or 7 more halvenings, Bitcoin will have a market cap of higher than the rest of the world's wealth combined. Every step is there between here and then. Eventually government created fiat money will be nearly entirely worthless by comparison.
This halving period will create another bull run as more institutional investors adopt the hold forever strategy. Volatility goes down. Bitcoin becomes more famous for its performance, draws deeper attention, converts more believers/investors, more people hold forever, Bitcoin price goes to infinity with no limit. It's just a matter of time.
Bitcoin is the most genius thing I've ever seen.
submitted by BlandTomato to Bitcoin [link] [comments]

For Trading Sep 22

For Trading September 22nd
NASDAQ Reversal
NKLA LOWER TREVOR MILTON OUT
TRAVEL DECLINES New section below
Today’s market started off with a massive selloff that started in Europe and only got worse. Shortly after the open the DJIA was -940, NASDAQ -280, and S&P -90, but that was about it. While it was ugly, there were rallies off those lows with the biggest being the NASDAQ, actually looking like it might make it into the green, but finishing just below those levels -14.48 (.13%), DJIA -509.72 (1.84%), S&P -38.41 (1.16%), the Russell -51.53 (3,35%) and the DJ Transports -302.91 (2.65%). Market internals were weak with the NYSE 6:1, NASDAQ 4:1, and volume bigger than recent days. The DJIA was 26 down, 4 up with the biggest losers UNH -60, HON -50, BA, AXP, AMGN and several others all shaving about 30 DP’s off the averages. On the upside, several big names, AAPL, MSFT, WMT, and CRM all turned back off their lows and finished both near their highs and up on the day.
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/N5b78BIEOaY
SECTORS: There weren’t any important economic numbers today, but there was plenty of news. NKLA was a feature with Trevor Milton stepping down and leaving the board. His hyperbolic attitude was clearly a touch too much and some of the claims totally without any proof. The stock has several detractors and the two reports from last week by notable “short firms” Citron and Hindenburg, putting out reports calling attention to those claims. Beyond the financial claims, the most glaring was the video of their semi rolling down the highway, which turned out to be exactly that, rolling from the top of a hill down without its own power. The stock, $93.99 in June, and $54.56 just 2 weeks ago had fallen to close Friday at $34.19, opened today $25.00, traded as low as 24.05 before turning back higher a bit and finishing 27.58 -6.61 (19.33%) and cut in half since 9/8/2020. On the upside we had WMT, MSFT, and ORCL on the news of the structuring of a deal for TIK TOK. I’m pretty attentive to details, but after an entire day of hearing the details I still don’t know who is going to own what piece of the new entity, what the costs and pricing represent, or how China feels about it. I guess we’ll have to await more details before it’s a “done deal.” New Group: Air & Cruise Lines: was LOWER with CCL -.92, RCL -4.35, NCHL -1.02, AAL -.83, DAL -2.77, LUV -2.13, UAL -2.82, HA -1.01, ALK -2.84, JBLU -1.02 AND XTN $59.27 -1.21 (2.0%). All these prices were down between 6% – 8% on the day.
FOOD SUPPLY CHAIN was MIXED with TSN -2.01, BGS +.57, FLO -.06, CPB +.75, CAG +.45, MDLZ -.67, KHC +.11, CALM -.89, JJSF -4.40, SAFM -3.19, HRL -.28, SJM +.40, PPC -1.11, KR +.25 and PBJ $32.15 -.30 (.9%).
BIOPHARMA was LOWER with BIIB -6.18, ABBV -.92, REGN +.46, ISRG -13.62, GILD -.70, MYL -.88, TEVA -.54, VRTX -1.39, BHC -.67, INCY -1.40, ICPT -1.69, LABU -6.14, and IBB $132.83 -3.49 (2.56%). CANNABIS: was LOWER with TLRY -.31, CGC -.60, CRON -.16, GWPH -.18, ACB -.08, NBEV -.06, CURLF +.19, KERN -.12, and MJ $10.87 -.31 (2.77%).
DEFENSE: was LOWER with LMT -15.14, GD -4.66, TXT -1.98, NOC -15.61, BWXT -1.29, TDY -12.48, RTX -2.33, and ITA $159.67 -5.88 (3.55%).
RETAIL: was LOWER with M -.41, JWN -1.13, KSS -1.84, DDS -2.15, WMT +2.11, TGT +1.04, TJX -1.85, RL -4.66, UAA -.83, LULU +.34, TPR -.85, CPRI -.41, and XRT $49.08 -1.20 (2.39%).
MEGA-CAPS & FAANG were MIXED with GOOGL -20.95, AMZN +15.42, AAPL +3.24, FB -3.63, NFLX +17.54, NVDA +14.36, TSLA -14.95, BABA +1.76, BIDU -.01, CMG -8.96, CRM +1.77, BA -4.83, CAT -6.99, DIS -3.23, and XLK $113.01 +1.47 (1.34%).
PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were LOWER with GS -.41, JPM -3.00, BAC -.75M MS -1.76, C -.91, PNC-2.92, AIG -.94, TRV -2.16, V -4.76, and XLF $24.00 -.55 (2.22%).
OIL, $39.54 -1.78, 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 $32.12 -.96 (2.86%).
GOLD $1,910.60 – 51.90, opened LOWER but and gave up most of the recent gains and finished well off the low but substantially lower. I will be taking a hard look at buying GLD tomorrow.
BITCOIN: closed $10,485 -395. 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 $11.13 -.61 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

Chart comparing bitcoin price vs tether printing vs retail interest

Greetings community!
I know there has been plenty of charts comparing tether and price of bitcoin.
I thought that with the last ~4 months of tether treasury ridiculous amounts of printing, i would update chart and also added retail interest through start of 2017 until today. It is rather clear, that after 2017 bubble, there (luckily) is not much retail interest being scammed into this ponzi and hopefully never will. Without retail however, pyramid wont grow and will collapse soon enough.
I thought that perhaps community also finds this chart interesting.
Also my hope is that those still holding and perhaps happen to read this post, would use this opportunity to get their funds out of this asset class. As we know, it is a zero-sum game, so in simple terms, i would rather see 10 000 000 retail participants get each their $1000 out, than see Bitfinex scamming schmucks through offshore accounts or what-not, get away with $10B.
If this post helps atleast one person, it is well worth it.
Here is the chart: https://imgur.com/zxFmFUs
submitted by Ordinary_investor to Buttcoin [link] [comments]

DDDD - The Rise of “Buy the Dip” Retail Investors and Why Another Crash Is Imminent

DDDD - The Rise of “Buy the Dip” Retail Investors and Why Another Crash Is Imminent
In this week's edition of DDDD (Data-driven DD), I'll be going over the real reason why we have been seeing a rally for the past few weeks, defying all logic and fundamentals - retail investors. We'll look into several data sets to see how retail interest in stock markets have reached record levels in the past few weeks, how this affected stock prices, and why we've most likely seen the top at this point, unless we see one of the "positive catalysts" that I mentioned in my previous post, which is unlikely (except for more news about Remdesivir).
Disclaimer - This is not financial advice, and a lot of the content below is my personal opinion. In fact, the numbers, facts, or explanations presented below could be wrong and be made up. Don't buy random options because some person on the internet says so; look at what happened to all the SPY 220p 4/17 bag holders. Do your own research and come to your own conclusions on what you should do with your own money, and how levered you want to be based on your personal risk tolerance.
Inspiration
Most people who know me personally know that I spend an unhealthy amount of my free time in finance and trading as a hobby, even competing in paper options trading competitions when I was in high school. A few weeks ago, I had a friend ask if he could call me because he just installed Robinhood and wanted to buy SPY puts after seeing everyone on wallstreetbets post gains posts from all the tendies they’ve made from their SPY puts. The problem was, he actually didn’t understand how options worked at all, and needed a thorough explanation about how options are priced, what strike prices and expiration dates mean, and what the right strategy to buying options are. That’s how I knew we were at the euphoria stage of buying SPY puts - it’s when dumb money starts to pour in, and people start buying securities because they see everyone else making money and they want in, even if they have no idea what they’re buying, and price becomes dislocated from fundementals. Sure enough, less than a week later, we started the bull rally that we are currently in. Bubbles are formed when people buy something not because of logic or even gut feeling, but when people who previously weren’t involved see their dumb neighbors make tons of money from it, and they don’t want to miss out.
A few days ago, I started getting questions from other friends about what stocks they should buy and if I thought something was a good investment. That inspired me to dig a bit deeper to see how many other people are thinking the same thing.
Data
Ever since March, we’ve seen an unprecedented amount of money pour into the stock market from retail investors.
Google Search Trends
\"what stock should I buy\" Google Trends 2004 - 2020
\"what stock should I buy\" Google Trends 12 months
\"stocks\" Google Trends 2004 - 2020
\"stocks\" Google Trends 12 months
Brokerage data
Robinhood SPY holders
\"Robinhood\" Google Trends 12 months
wallstreetbets' favorite broker Google Trends 12 months
Excerpt from E*Trade earnings statement
Excerpt from Schwab earnings statement
TD Ameritrade Excerpt
Media
cnbc.com Alexa rank
CNBC viewership & rankings
wallstreetbets comments / day

investing comments / day
Analysis
What we can see from Reddit numbers, Google Trends, and CNBC stats is that in between the first week of March and first week of April, we see a massive inflow of retail interest in the stock market. Not only that, but this inflow of interest is coming from all age cohorts, from internet-using Zoomers to TV-watching Boomers. Robinhood SPY holdings and earnings reports from E*Trade, TD Ameritrade, and Schwab have also all confirmed record numbers of new clients, number of trades, and assets. There’s something interesting going on if you look closer at the numbers. The numbers growth in brokers for designed for “less sophisticated” investors (i.e. Robinhood and E*Trade) are much larger than for real brokers (i.e. Schwab and Ameritrade). This implies that the record number of new users and trade volume is coming from dumb money. The numbers shown here only really apply to the US and Canada, but there’s also data to suggest that there’s also record numbers of foreign investors pouring money into the US stock market as well.
However, after the third week of March, we see the interest start to slowly decline and plateau, indicating that we probably have seen most of those new investors who wanted to have a long position in the market do so.
SPX daily
Rationale
Pretty much everything past this point is purely speculation, and isn’t really backed up by any solid data so take whatever I say here with a cup of salt. We could see from the graph that new investor interest started with the first bull trap we saw in the initial decline from early March, and peaking right after the end of the crash in March. So it would be fair to guess that we’re seeing a record amount of interest in the stock market from a “buy the dip” mentality, especially from Robinhood-using Millennials. Here’s a few points on my rationalization of this behavior, based on very weak anecdotal evidence
  • They missed out of their chance of getting in the stock market at the start of the bull market that happened at the end of 2009
  • They’ve all seen the stock market make record gains throughout their adult lives, but believing that the market might be overheated, they were waiting for a crash
  • Most of them have gotten towards the stage of their lives where they actually have some savings and can finally put some money aside for investments
  • This stock market crash seems like their once-in-a-decade opportunity that they’ve been waiting for, so everyone jumped in
  • Everyone’s stuck at their homes with vast amounts of unexpected free time on their hands
Most of these new investors got their first taste in the market near the bottom, and probably made some nice returns. Of course, since they didn’t know what they were doing, they probably put a very small amount of money at first, but after seeing a 10% return over one week, validating that maybe they do know something, they decide to slowly pour in more and more of their life savings. That’s what’s been fueling this bull market.
Sentiment & Magic Crayons
As I mentioned previously, this bull rally will keep going until enough bears convert to bulls. Markets go up when the amount of new bullish positions outnumber the amount of new bearish positions, and vice versa. Record amounts of new investors, who previously never held a position in the market before, fueled the bullish side of this equation, despite all the negative data that has come out and dislocating the price from fundamentals. All the smart money that was shorting the markets saw this happening, and flipped to become bulls because you don’t fight the trend, even if the trend doesn’t reflect reality.
From the data shown above, we can see new investor interest growth has started declining since mid March and started stagnating in early April. The declining volume in SPY since mid-March confirms this. That means, once the sentiment of the new retail investors starts to turn bearish, and everyone figures out how much the stocks they’re holding are really worth, another sell-off will begin. I’ve seen something very similar to this a few years ago with Bitcoin. Near the end of 2017, Bitcoin started to become mainstream and saw a flood of retail investors suddenly signing up for Coinbase (i.e. Robinhood) accounts and buying Bitcoin without actually understanding what it is and how it works. Suddenly everyone, from co-workers to grandparents, starts talking about Bitcoin and might have thrown a few thousand dollars into it. This appears to be a very similar parallel to what’s going on right now. Of course there’s differences here in that equities have an intrinsic value, although many of them have gone way above what they should be intrinsically worth, and the vast majority of retail investors don’t understand how to value companies. Then, during December, when people started thinking that the market was getting a bit overheated, some started taking their profits, and that’s when the prices crashed violently. This flip in sentiment now look like it has started with equities.
SPY daily
Technical Analysis, or magic crayons, is a discipline in finance that uses statistical analysis to predict market trends based on market sentiment. Of course, a lot of this is hand-wavy and is very subjective; two people doing TA on the same price history can end up getting opposite results, so TA should always be taken with a grain of salt and ideally be backed with underlying justification and not be blindly followed. In fact, I’ve since corrected the ascending wedge I had on SPY since my last post since this new wedge is a better fit for the new trading data.
There’s a few things going on in this chart. The entire bull rally we’ve had since the lows can be modelled using a rising wedge. This is a pattern where there is a convergence of a rising support and resistance trendline, along with falling volume. This indicates a slow decline in net bullish sentiment with investors, with smaller and smaller upside after each bounce off the support until it hits a resistance. The smaller the bounces, the less bullish investors are. When the bearish sentiment takes over across investors, the price breaks below this wedge - a breakdown, and indicates a start of another downtrend.
This happened when the wedge hit resistance at around 293, which is around the same price as the 200 day moving average, the 62% retracement (considered to be the upper bound of a bull trap), and a price level that acted as a support and resistance throughout 2019. The fact that it gapped down to break this wedge is also a strong signal, indicating a sudden swing in investor sentiment overnight. The volume of the break down also broke the downwards trend of volume we’ve had since the beginning of the bull rally, indicating a sudden surge of people selling their shares. This doesn’t necessarily mean that we will go straight from here, and I personally think that we will see the completion of a heads-and-shoulders pattern complete before SPY goes below 274, which in itself is a strong support level. In other words, SPY might go from 282 -> 274 -> 284 -> 274 before breaking the 274 support level.
VIX Daily
Doing TA is already sketchy, and doing TA on something like VIX is even more sketchy, but I found this interesting so I’ll mention it. Since the start of the bull rally, we’ve had VIX inside a descending channel. With the breakdown we had in SPY yesterday, VIX has also gapped up to have a breakout from this channel, indicating that we may see future volatility in the next week or so.
Putting Everything Together
Finally, we get to my thesis. This entire bull rally has been fueled by new retail investors buying the dip, bringing the stock price to euphoric levels. Over the past few weeks, we’ve been seeing the people waiting at the sidelines for years to get into the stock market slowly FOMO into the rally in smaller and smaller volumes, while the smart money have been locking in their profits at an even slower rate - hence an ascending wedge. As the amount of new retail interest in the stock market started slowed down, the amount of new bulls started to decline. It looks like Friday might have been the start of the bearish sentiment taking over, meaning it’s likely that 293 was the top, unless any significant bullish events happen in the next two weeks like a fourth round of stimulus, in which case we might see 300. This doesn’t mean we’ll instantly go back to circuit breakers on Monday, and we might see 282 -> 274 -> 284 -> 274 happen before panic, this time by the first-time investors, eventually bringing us down towards SPY 180.
tldr; we've reached the top
EDIT - I'll keep a my live thoughts here as we move throughout this week in case anyone's still reading this and interested.
5/4 8PM - /ES was red last night but steadily climbed, which was expected since 1h RSI was borderline oversold, leaving us to a slightly green day. /ES looks like it has momentum going up, but is approaching towards overbought territory now. Expecting it to go towards 284 (possibly where we'll open tomorrow) and bouncing back down from that price level
5/5 Market Open - Well there goes my price target. I guess at this point it might go up to 293 again, but will need a lot of momentum to push back there to 300. Seems like this is being driven by oil prices skyrocketing.
5/5 3:50PM - Volume for the upwards price action had very little volume behind it. Seeing a selloff EOD today, could go either way although I have a bearish bias. Going to hold cash until it goes towards one end of the 274-293 channel (see last week's thesis). Still believe that we will see it drop below 274 next week, but we might be moving sideways in the channel this week and a bit of next week before that happens. Plan for tomorrow is buy short dated puts if open < 285. Otherwise, wait till it goes to 293 before buying those puts
5/5 6PM - What we saw today could be a false breakout above 284. Need tomorrow to open below 285 for that to be confirmed. If so, my original thesis of it going back down to 274 before bouncing back up will still be in play.
5/6 EOD - Wasn't a false breakout. Looks like it's still forming the head-and-shoulders pattern mentioned before, but 288 instead of 284 as the level. Still not sure yet so I'm personally going to be holding cash and waiting this out for the next few days. Will enter into short positions if we either go near 293 again or drop below 270. Might look into VIX calls if VIX goes down near 30.
5/7 Market Open - Still waiting. If we break 289 we're probably heading to 293. I'll make my entry to short positions when we hit that a second time. There's very little bullish momentum left (see MACD 1D), so if we hit 293 and then drop back down, we'll have a MACD crossover event which many traders and algos use as a sell signal. Oil is doing some weird shit.
5/7 Noon - Looks like we're headed to 293. Picked up VIX 32.5c 5/27 since VIX is near 30.
5/7 11PM - /ES is hovering right above 2910, with 4h and 1h charts are bullish from MACD and 1h is almost overbought in RSI. Unless something dramatic happens we'll probably hit near 293 tomorrow, which is where I'll get some SPY puts. We might drop down before ever touching it, or go all the way to 295 (like last time) during the day, but expecting it to close at or below 293. After that I'm expecting a gap down Monday as we start the final leg down next week towards 274. Expecting 1D MACD to crossover in the final leg down, which will be a signal for bears to take over and institutions / day traders will start selling again
5/8 Market Open - Plan is to wait till a good entry today, either when technicals looks good or we hit 293, and then buy some SPY June 285p and July 275p
5/8 Noon - Everything still going according to plan. Most likely going to slowly inch towards 293 by EOD. Will probably pick up SPY puts and more VIX calls at power hour (3 - 4PM). Monday will probably gap down, although there's a small chance of one more green / sideways day before that happens if we have bullish catalysts on the weekend.
5/8 3:55PM - SPY at 292.60. This is probably going to be the closest we get to 293. Bought SPY 290-260 6/19 debit spreads and 292-272 5/15 debit spreads, as well as doubling down on VIX calls from yesterday, decreasing my cost basis. Still looks like there's room for one more green day on Monday, so I left some money on the side to double down if that's the case, although it's more likely than not we won't get there.
5/8 EOD - Looks like we barely touched 293 exactly AH before rebounding down. Too bad you can't buy options AH, but more convinced we'll see a gap down on Monday. Going to work on another post over the weekend and do my updates there. Have a great weekend everyone!
submitted by ASoftEngStudent to wallstreetbets [link] [comments]

Prepping for a Financial crisis / hyperinflation.

So what can we do about it? Any ideas are welcome.
It has a lot of "what if's"... It depends how tax and law play out with it.Historically speaking:
  1. -I stock bulk diesel for my cars while following historical averages to buy cheap.
  2. -Rotating food stock
  3. -Extra maintenance items, including the big things like a roof on your home if its coming time. Not joking I have a spare water heater and backup heating options, along with minor parts and filters to fix them. Same with cars and engines, (spark plugs, filters (all different filters), oil, cheap sensors that usually go bad and are only 4-10$ each, 1-2 extra alternator per vehicle, belts, mowing belts, bearings, grease, ... and I've literally had to use everything on that list and reorder.)
  1. -Security, Locks, Alarms, Cameras, people steal.
  2. A deep freezer for instance can stock food you use and buy on sale.
  3. Solar energy and solar heating supplements energy you use anyways
  4. Rainwater can be collected and used rather than buying from a source.
  5. A cooking gadget vs eating out.
  6. Tools and learning to fix things vs hire.
  7. House insulation.-Better insulative windows, and sealing.
  8. Geo-Thermal
  9. Gardening
  10. Bidet on toilet (lol serious though...)
  11. Backup power
  12. Your education can be a huge one, not just for prepping but also in your work.
  13. Things that prevent rot, fire, flood / humidity, or failure. Humidity is a silent killer to many preps. (water sump pumps, dehumidifiers, leak prevention, fire extinguishers / sprinklers, )
submitted by AntiSonOfBitchamajig to preppers [link] [comments]

The Grand Finale for MARA

Tomorrow will be my final day with MARA


https://i.redd.it/na26rbu17hd51.gif
I sincerely hope this trade has been a great example of a few things:
Firstly, you do not need to pump stocks to create good trades.
Secondly, technical analysis works. It's an art form to me, and I have proven its efficacy time and time again in real time.
Thirdly, none of this shit is real. It's all fake money anyway, just numbers on a screen that go up or down. And I think MARA is a great example of that. The company has three employees lol. What exactly was the catalyst that made it go from $0.91 to its AH high of $1.76 today? a 93.4% move
Probably not going to find much fundamentally. Hell they had an offering at $0.90 the other day!

The price is correlated with bitcoin and once my friend and I figured that out it was GGs

Here is where I first started buying MARA

Here was the chart when i bought it:
https://preview.redd.it/txe216gqchd51.jpg?width=1334&format=pjpg&auto=webp&s=0a1f0df5e6788c8f6c06ad052d206b2283bd134d
If you don't know what you're looking at, that green thing is a potential massive inverted head and shoulders pattern that looked the same as the XELA trade where i caught a 103% move. it was still looking to complete the pattern at $1.3561
Here is what happened today:

https://preview.redd.it/7lq6h2jiehd51.png?width=1828&format=png&auto=webp&s=f34ff87279bbb4f8a8f957a71a7ff2c693fd9619
You can see that it broke out of the range (pink box), completed the inverted head and shoulders pattern, AND broke out all in one day. My target is $2.25 on this but I will just watch the charts and be in profit-securing mode tomorrow. Cheers bois.
submitted by trevandezz to pennystocks [link] [comments]

Tweet slays Market

For Trading October 7th
Reversal by Tweet
“No Deal Until After I’m Re-elected”
Today’s market was split early with the DJIA higher and the NASDAQ lower. It made some headway all day, never quite catching up, and then after “THE TWEET” we reversed hard and the DJIA finished -375.88 (1.34%), NASDAQ -177.88 (1.57%), S&P 500 -47.68 (1.4%), the Russell held better only down 4.67 (.30%) and Transports -82.85 (.72%). My guess is that the president’s misdirection play will be reversed when it politically suits him, and the market will rally again as he tries everything in the book, except of course, actual action, to get that second term. Market internals were negative, but not terrible with NYSE just 4:3 down and the NASDAQ 10:7, with all but 3 DJIA stocks lower. BA was the leader on the downside trimming 77 DP’s off the index and PG and DD, lower by less than $1, and CSCO unchanged.
Our “open forum” on Discord, which allows you 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/vBwoKu3apTI
SECTORS: There was some good news for LEVI. The estimates were for a loss of $ .22/share and when they reported a profit of $ .08, increased margins and 52% growth in Ecommerce the stock took off. The last 10 days had the stock moving higher from $11.91 to today’s high of $15.27 before closing a bit lower at $14.74. In extended hours, the stock hit $16.78 and is currently $16.20 +1.19 (7.86%). The news for Social Capital’s SPAC III (IPOC) was evidently a disappointment. Chalmath Palihapitiya gave the story on CNBC before the open and the stock did nothing but head south. It closed $10.95- 1.73 (13.64%), but the big surprise to me was that Social Capital II also fell, closing $17.49 -2.22 (11.26%) and it has a completely different merger going on in the real estate business. Defies logic, but since we’re in both, I’m staying long. And the HOME RUN of the Day, PPSI, Pioneer Power Solutions, a little know company with the only recent news was a Form 4 (insider buying) filed in August for a purchase 1,000 shares of the stock at an average price of $1.40. The stock was trading $2.91 +1.34 pre-market (86%) and at the end of the day it was $5.83 +4.28 (273%) and in late trading it hit $9.43 and closed $6.20 +4.63 (294.9%). Quite a day for a stock with no news!!
New Group: AIR & CRUISE LINES were MIXED with the cruise lines up and the airlines lower. CCL +.29, RCL +.81, NCLH +.36, AAL -.68, DAL -1.14, LUV -1.15, UAL -1.49, HA -.36, ALK -1.57, and XTN $59.35 -.72 (1.21%).
FOOD SUPPLY CHAIN was LOWER with TSN -.50, BGS -.22, FLO -.29, CPB -.39, CAG -.45, MDLZ –1.04, KHC -.24, CALM +.30, -.14 (.4%).
BIOPHARMA was LOWER with BIIB -3.03, ABBV -2.15, REGN -24.08, ISRG -8.68, GILD -1.10, MYL -.29, TEVA -.11, VRTX -7.98, BHC -.82, INCY -3.70, ICPT -2.03, LABU -1.53, and IBB $137.88 -1.69 (1.21%). CANNABIS: was LOWER with TLRY -.46, CGC -.59, CRON -.,19, GWPH +1.45, ACB -.18, CURLF -.13, KERN -.07 and MJ $10.53 -.30 (2.77%).
DEFENSE was LOWER with LMT -7.62, GD -.42, TXT -.68, NOC -3.21, BWXT -1.18, TDY -.65, RTX -1.06, and ITA $159.19 -2.99 (1.84%).
RETAIL: was LOWER with M -.24, JWN -.46, KSS -1.01, DDS +.64, WMT -1.35, TGT -1.70, TJX -1.19, RL -2.54, UAA -.49, LULU -9.75, TPR -.06, CPRI -.28, and XRT $51.76 -1.01 (1.91%).
MEGA-CAPS & FAANG were LOWER with GOOGL -40.83, AMZN -101.20, AAPL -3.30, FB -7.87, NFLX -16.28, NVDA +6.30, TSLA -12.46, BABA +3.53, BIDU +.13, CMG +3.34, CRM -1.64, BA -11.20, CAT -2.04, DIS -2,34, and XLK $115.64 -1.82 (1.55%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were LOWER with interest rates, with GS -1.02, JPM -.94, BAC -.21, MS -.87, C -.51, PNC -2.72, AIG -.07, TRV -.38, V -2.77, and XLF $24.45 -.25 (1.01%).
OIL, $40.67 +1.45, Oil was near recent highs and sold off hard Friday touching $37.61 (down about 6%) before mounting a rally back to close +2.17. The stocks were LOWER with XLE $29.74 -.45 (1.49%).
GOLD $1,908.80 -11.30, opened HIGHER and made a slightly higher high and a higher low, closing near the highs of the day. There were several “unusual options action” looking for another 10-12% on the upside before year end.
BITCOIN: closed $10,630 -185. 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 $10.85 -.43 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

Merger Monday

For Trading September 29TH
MERGER MONDAY!
BROAD RALLY
Today’s market started off on the upside and spent the rest of the day comfortably up, in fact the DJIA +410.10 (1.5%), was the only one of the averages that came off the highs at the close, finishing 140 or so below it. NASDAQ was +203.97 (1.87%), S&P 500 +53.14 (1.61%), the Russell +35.48, the biggest gainer (2.41%) and the DJ Transports +170.95 (1.52%). What was most impressive to me was the fact that the Mega-cap and FAANG names weren’t weak, but definitely not racing higher all day. The other interesting point was that all the indexes closed over last weeks highs! The market internals were actually pretty good with the NYSE 5:1 and NASDAQ 3:1; volume was light (Jewish holiday) and the DJIA was solidly positive with only 3 of the 30 lower and all less than $1. BA was the biggest winner adding 66 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/pEWUtvQgNoM
SECTORS: There wasn’t a lot of sector news, but we did have 2 deals; Devon Energy (DVN) and WPX Energy in a merger of equals that the street liked sending both of them higher. DVN $9.80 +.98 (11%) and WPX $5.17 +.73. DVN has spent the last 10 years moving steadily lower from $122 to a low of $4.70, and WPX not quite so bad from $25 to $1.94. I guess when you compare -92% vs. -95% there really aren’t any winners.
Also, in the M&A arena, we have Cleveland Cliffs,13.37 +1.28 (10.6% CLF buying the US assets of MT, Arcelor Mittal for $1.4 billion. The street liked this one too, CLF $6.56 +.68 (11.5%) and MT $13.37 +1.28 (10.6%), although this one is cash and stock, so it’s hard to quote a valuation. It wasn’t all good news, with 2 smallish biotech’s, INO and EIGR both having problems with their Covid-19 vaccine trials. INO, up from $1.95 this year to peak at $33.49 had already fallen back to close Friday $16.94 opened the day at $10.67 and closed $12.14 -4.80 (28%), and EIGR with a January high near $15 and Friday close $9.89 opened the day $9.47 and then sold down to $7.67 and closed $7.96 -1.93 (19.5%). On the upside, in a major way, was Piedmont Lithium (PLL) taking the HOMERUN OF THE DAY disclosing a 5-year contract with TESLA for the mineral Spodumene, a component of lithium. The stock had closed $11.00 and opened $36.66, traded up to $54.50 and finished the day $37.00 +$26 (236.36%). Also, of interest, according to my service, the stock last traded Thursday, 9/17, so unlike many deals that “leak” this was as clean as a whistle. One more small one, Oxbridge Re Holdings, a Cayman re-insurance company that shows absolutely no news and has spent the last 5 years going from $7.76 to a low of $ .55, closed $1.07 Friday and opened $1.55 and proceeded to move up to $9.62 and back down to close $2.95 +1.88 (175%). I’m sure we’ll hear more on that one tomorrow!
New Group: AIR & CRUISE LINES were HIGHER with CCL +.22, RCL +1.67, NCHL +.14, AAL +.55, DAL +1.78, LUV +1.38, UAL +1.85, HA +.61, ALK +1.25, and XTN $59.28 +1.34 (2.31%).
FOOD SUPPLY CHAIN was HIGHER with TSN +.53, FLO +.29, CPB +.42, CAG +.46, MDLZ +1.20, KHC +.96, CALM +.29, JJSF +2.06, SAFM +1.96, HRL +.86, SJM +1.09, PPC +.18, KR +.17, and PBJ $32.64 +41 (1.25%).
BIOPHARMA was HIGHER with BIIB +8.75, ABBV +1.72, REGN -2.14, ISRG +19.43, GILD +.78, MYL +.22, TEVA +.16, VRTX +.08, BHC +.08, INCY +3.81, ICPT unch., LABU +.03 and IBB $134.48 +1.01 (.76%). CANNABIS: was MIXED with TLRY +.09, CGC +.08, CRON -.12, GWPH -.94, ACB -.27, CURLF +.02, NBEV +.08, KERN -.03, and MJ $10.39 -.03 (.28%).
DEFENSE was HIGHER with LMT +4.31, GD +2.99, TXT +1.54, NOC +1.52, BWXT +.49, TDY +3.41, RTX +1.94, and ITA $181.82 +3.38 (2.13%).
RETAIL: was HIGHER with M -.04, JWN +.38, KSS +.11, DDS +.88, WMT +.16, TGT +2.11, TJX +2.70, RL -.60, UAA +.29, LULU +3.90, TPR +.39, CPRI -.51and XRT $50.08 +1.20 (2.45%).
MEGA-CAPS & FAANG were HIGHER with GOOGL +25.94, AMZN +94.47, AAPL +3.22, FB +3.68, NFLX +9.12, NVDA +7.85, TSLA +12.46, BABA +6.26, CMG +18.90, BIDU +2.71, CMG +18.90, CRM +5.06, BA +10.47, CAT +2.09, DIS +2.25, and XLK $116.62 +2.68 (2.35%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were HIGHER with GS +4.29, JPM +3.08, BAC +.71, MS +1.41, C +1.49, PNC +3.23, AIG +.68, TRV +2.11, V +4.03, and XLF $24.05 +.56 (2.38%).
OIL, $40.48 +.35, 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 $30.89 +.71 (2.35%).
GOLD $1,882.30 +16.00, opened LOWER but and gave up most of the recent gains and finished well off the low but slightly higher. I have closed out the NEM calls at a loss. I will take another look after I’ve seen some sideways action.
BITCOIN: closed $10,960 +135. 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 $11.16 - 0.07 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

Welcome to Q4

For Trading October 1st
Welcome to Q4
Rally Continues
Mega & Small Caps Rule the Day
Today’s market was very sloppy with the DJIA trading +260 to -120 and closing +36.20 (.13%), buoyed by BA, which at the high of the day had added 70 DP’s and finished nearer its low adding only 16. The biggest gainers for the day were V, a credit card company and WMT, the biggest retailer with 24 and 22 respectively. The real strength came from the NASDAQ, with the mega-caps +159 (1.42%) and the small-cap Russell +23.51 (1.56%). Interesting dichotomy. The S&P was somewhere in the middle +23.51 (.53%) and the Transports were -18.61 (.17%). Market internals 2:1 up on both, and volume was about 40% less than yesterday’s end of quarter numbers. With all the numbers this morning out of the way, tomorrow’s September employment numbers should set the tone.
Our “open forum” on Discord, which allows you 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/5Qq05sql0Po
SECTORS: There wasn’t a lot of sector news, but we did have some more news on layoffs for airlines, and assorted companies across all industries from All State insurance to GS to Marathon Petroleum. This flies in the face of the government’s employment number and initial claims as well as anything they can point to show how well we are all doing. I’ve given up on thinking that these numbers are real, when I drive around town and see all the closed forever signs popping up on everything from dry cleaners to restaurants to anything that isn’t a franchise of a Dunkin or Panera, that are now empty. I just don’t understand how our “consumer” based economy will function with over 850,000 new initial claims every week and people that are leaving the employment seeking behind. And Starbucks raises their dividend Best Buy reports record sales increases while they’re closing many of its stores. I guess I just don’t get it!
New Group: AIR & CRUISE LINES were HIGHER with CCL -.13, RCL +.57, NCLH +.10, AAL +.20, DAL +.37, LUV +.11, UAL +.23, HA -.24, ALK -.03, and XTN $58.43 +.28 (.48%).
FOOD SUPPLY CHAIN was HIGHER with TSN -.18, BGS +.08, FLO +.09, CPB +.15, CAG +.39, MDLZ +.55, KHC +.45, CALM +.03, JJSF +1.51, SAFM +1.53, HRL +.39, SJM +.48, PPC +.19, KR +.11, and PBJ $33.05 +.34 (1.04%).
BIOPHARMA was HIGHER with BIIB +1.89, ABBV -.19, REGN +8.36, ISRG +.98, GILD +.11, MYL -.03, TEVA +.06, VRTX +1.39, BHC +.32, INCY +2.69, ICPT +.62, LABU +2.14, and IBB $136.67 +1.26 (.93%). CANNABIS: was MIXED with TLRY +.01, CGC -.06, CRON -.01, GWPH -.85, NBEV +.13, CURLF -.10, KERN +.51, and MJ $10.39 -.02 (.19%).
DEFENSE was LOWER with LMT -2.28, GD -.65, TXT -.98, NOC -3.68, BWXT +.34, TDY -2.48, RTX -.14, and ITA $159.19 +.49.
RETAIL: was HIGHER with M +.16, JWN +.68, KSS +.93, DDS +.44, WMT +2.95, TGT +1.03, TJX +1.35, RL +1.03, UAA +.60, LULU +10.63, TPR +.22, CPRI +.12 and XRT $51.01 +1.35 (2.72%).
MEGA-CAPS & FAANG were HIGHER with GOOGL +24.40, AMZN +66.77, AAPL +.99, FB +4.50, NFLX +26.68, NVDA +2.54, TSLA +13.79, BABA -4.33, BIDU -.14, CMG -5.71, CRM +2.68, BA +1.25, CAT -2.74, DIS -.78, and XLK $117.93 +1.23 (1.05%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were MIXED with GS -1.82, JPM +.63, BAC -.02, MS -1.04, C +.20, PNC -.48, AIG +.19, TRV -.38, V +3.28, and XLF $24.11 +.04 (.17%).
OIL, $38.72, Oil was near recent highs and sold off hard today touching $37.61 (down about 6%) before a minor rally back to close -1.50. The stocks were LOWER with XLE $29.03 -.92 (3.07%).
GOLD $1,916.30 +20.80, opened HIGHER and made a slightly higher high and a higher low, closing near the highs of the day. There were several “unusual options action” looking for another 10-12% on the upside before year end.
BITCOIN: closed $10,645 -125. 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 $10.87 -.10 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

ICBM

For Trading October 9th
Solid Day
IBM Soars, DPZ Crushed
Today’s market was just a good, old-fashioned day without any major moves in the indexes, no earth-shattering tweets or end of days prognostications. I didn’t have any power, cable or phone last night so besides not putting out my Daily Note or closing comment, I miss the big debate. Judging by the reports I heard today, all I missed was the fly on Pence’s head! The DJIA was = 122.06 (.43%), NASDAQ +56.38 (.50%), S&P 500 +27.38 (.80%), the Russell was the big winner again +17.51 (1.09%) and the Transports +72.54 (.62%) and a new all-time high! The internals were good with NYSE 3:1 and NASDAQ 2:1 positive and all I can say is that it was very a very “Goldilocks” kind of day.
Our “open forum” on Discord, which allows you 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/lXD_OB9CrYU
SECTORS: There was good news for holders of Eaton Vance (EV) being taken over by Morgan Stanley (MS) for about $7 billion in cash and stock. MS was -2.20 premarket but right after the open it started back up and finished $49.35 +.64, and since it included stock, the rise sent EV higher to close $60.78 +19.84 (48.4%).
IBM also had news that sent it higher. They gave guidance and then announced that they are going to split the company up and make the pieces “pure plays” in an effort to get a better valuation for the parts. It looked great pre-market but by the open it had given up about 1/3 of the gains and finished the day up $7.42 (6%) after the early market up 12%. Same situation with REGN, trading up to $618 or so +$26, but the stock never made it there when the real market opened…and then traded back to $598 and closed $599.70 +8.00, near the lows, but still ahead 1.24%. On the downside, the DISASTER DU JOUR, was a name that I wrote about last week, WWR, Westwater Resources, which went from $1.52 to $14.50 on news that Mr. Trump had signed an executive order relating to securing “rare earth” and critical minerals last week. As I mentioned, the stock took off from under $2 to $14.50 in 4 days and then reversed and finished the day $7.46 -4.26 (36%).
New Group: AIR & CRUISE LINES were HIGHER with CCL -.22, RCL +1.48, NCLH +.28, AAL +.33, DAL +.67, LUV +.57, UAL +1.06, HA +.55, ALK +1.98, and XTN $61.54 +.77 (1.27%).
FOOD SUPPLY CHAIN was MIXED with TSN +.57, BOS +.03, FLO -.08, CPB +.48, CAG -.35,M MDLZ +.38, KHC +.36, CALM -.14, JJSF -.02, SAFM -1.59, HRL -.23, SJM -.33, PPC -.21, KR +.36, and PBJ $33.64 +.11 (.34%).
BIOPHARMA was HIGHER with BIIB +1.89, ABBV +.56, REGN +3.87, ISRG +2.74, GILD +.83, MYL +.83, TEVA +.35, VRTX +2.71, BHC +2.12, INCY +3.09, ICPT -2.46, LABU +.74 and IBB $141.38 +.39 (.28%). CANNABIS: was HIGHER with the comment in last night’s debate that Kamala Harris that they would legalize pot. TLRY +1.38, CGC +2.84, CRON +.76, GWPH -1.19, ACB +.63, NBEV +.09, CURLF +.77, KERN +.21, and MJ $12.10 +1.15 (10.5%).
DEFENSE was HIGHER with LMT +6.24, GD +1.73, TXT +.58, NOC +5.79, BWXT +2.53, TDY +7.63, RTX +1.31, and ITA $165.44 +2.76 (1.7%).
RETAIL: was HIGHER with M +.35, JWN +1.13, KSS +1.34, DDS +1.60, WMT +.79, TGT +1.72, TJX +.24, RL +2.55, UAA +.49, LULU -.80, TPR +1.08, CPRI +.86 and a new addition GPS +.10, and XRT $54.01 +.83 (1.56%).
MEGA-CAPS & FAANG were HIGHER with GOOGL +26.86, AMZN +1.31, AAPL +.19, FB +6.29, NFLX -1.91, NVDA -6.16, TSLA +4.45, BABA +6.00, BIDU +.95, CMG +4.33, CRM +1.26, BA +4.05, CAT +2.98, DIS +.78, and XLK $118.37 +.61 (.52%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were HIGHER with GS +4.91, JPM +2.51, BAC +.47, MS +.52, C +.06, PNC +1.37, AIG +.79, TRV +1.82, V +1.21, and XLF $25.20 +.34 (1.37%).
OIL, $41.19 +1.24, Oil was near recent highs and sold off hard Friday touching $37.61 (down about 6%) before mounting a rally back to close +2.17. The stocks were HIGHER with XLE $31.29 +1.13 (3.75%).
GOLD $1,895.10 +4.30, opened HIGHER and made a slightly higher high and a higher low, closing near the highs of the day. There were several “unusual options action” looking for another 10-12% on the upside before year end.
BITCOIN: closed $10,955 +235. 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 $11.86 +.89 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

Battery Day

For Trading September 23RD
NASDAQ BEST PERFORMER, AGAIN!
BATTERY DAY
NKE, KBH, & SFIX REPORT
Today’s market started off slowly and spent most of the day wavering between up and down until the final hour and managed to make a new high and have a solid close. NASDAQ was the clear strength finishing up 3 times the DJIA at +184.84 (1.71%), DJIA +140.48 (.52%), S&P 500 +34.51 (1.05), the Russell +11.71 (.79%) and the DJ Transports +85.50 (.77%). Market internals were split with NYSE 4:3 up, but even though the NASDAQ showed a major gain, the split was 1:1. Volume was slightly lower than Monday. Sales of existing homes were +2.4% and while pricing was strong, the lack of supply continues to be well below demand. This actually skews the numbers lower than if there were more for buyers to purchase.
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/Ry0hBpMk-CQ
SECTORS: The most “hyped” news of the day was the Tesla “Battery Day,” on the schedule seemingly forever, and the hype got so bad that even Elon Musk had to make statements yesterday trying to calm it a bit. The stock was lower all day finishing regular hours $424.23 -25.16, and after the close it rallied back to down just $14. However, I waited to do tonight’s note until there was some further action on the “show” and surprisingly, the stock has traded lower, trading $394 with a last of $406 right now (7:00pm). We’ll have to see it in the morning since it could be $375, or $425 again. Earnings from a couple of big names came after the close. Nike (NKE) beat numbers both top and bottom lines and also managed to cut S, G, & A and spent less on advertising since there were no sports on TV for the quarter and it clearly showed! The stock had closed $116.87 +3.50 (3.09%) but once the conference call was on it exploded higher trading $128 when I did tonight’s closing comment, but it has continued higher trading $134 and having a last trade now (7:15) of $131.75 +18.38 (16.12%). KB Homes also beat and was $40.50 +1.57 at the close and traded up to $43.65 and is currently $40.00 1.07. SFIX was not so great as it beat on revenues and missed on earnings. It had closed $31.38 +2.32 (7.98%) and had traded $34.00 before the call and then fell hard to $$25.90 and the last was $26.40 -2.66 (9.15%). Pretty ugly call, I guess! And the disaster du jour was a little bio named Vaccinex (VCNX) who had a negative result on a trial for Huntington’s disease. The stock had a high $12.23 in January and a recent low of $3.22 in July and closed $5.47 and opened today $2.30 and finished the day $2.24 -3.23 (59%). I hate when that happens! New Group: Air & Cruise Lines: were HIGHER with CCL +.01, RCL +1.56, NCHL +.34, AAL +.17, DAL +.36, LUV +.45, UAL +.25, HA +.08, ALK +.16, JBLU +.24, and XTN $58.35 +.16 (.27%).
FOOD SUPPLY CHAIN was MIXED with TSN -.26, BGS -.17, FLO +.09, CPB -.55, CAG +.04, MDLZ -.04, KHC -.41, CALM +.53, JJSF -2.10, SAFM -.49, HRL +.22, SJM +.09, PPC -.03, KR +.29, and PBJ $32.31 +.16 (.51%).
BIOPHARMA was HIGHER with BIIB +4.46, ABBV -.59, REGN +15.81, ISRG +25.05, GILD -.72, TEVA -.11, VRTX +3.58, BHC -.52, INCY +1.54, ICPT -.58, LABU +.24, and IBB $133.84 +1.01 (.76%). CANNABIS: was LOWER with TLRY +.12, CGC -.08, CRON -.05, GWPH +.94, ACB -.34, NBEV +.03, CURLF -.01, KERN -.03, and MJ $10.80 -.03 (.28%).
DEFENSE: was HIGHER with LMT +8.79, GD +1.12, TXT -.07, NOC +6.91, BWXT +.86, TDY +4.23, RTX -.27, and ITA $161.,25 +1.58 (.99%).
RETAIL: was MIXEDR with M +.04, JWN -.28, KSS -.53, DDS -1.58, WMT +.63, TGT +3.64, TJX -.29, RL +3.83, UAA +.57, LULU +23.94, TPR +.12, CPRI -.17 and XRT $50.62 +1.33 (2.7%).
MEGA-CAPS & FAANG were HIGHER with GOOGL +25.86, AMZN +154.53, AAPL +.49, FB +5.75, NFLX +2.65, NVDA +.11, TSLA -54.89, BABA +.83, BIDU -.55, CMG +26.03, CRM +1.95, BA -.09, CAT +1.66, DIS +1.93 and XLK $113.94 +1.50 (1.33%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were LOWER with GS -2.30, JPM -1.10, BAC -.53, MS -.69, C -.65, PNC -3.84, AIG +.36, TRV -.20, AXP +.21, V +3.05, and XLF $23.73-.20 (.84%).
OIL, $39.80 +.26, 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 lower with XLE $31.84 -.33 (1.03%).
GOLD $1,907.60 -3.00, opened LOWER but and gave up most of the recent gains and finished well off the low but substantially lower. I will be taking a hard look at buying GLD tomorrow. We added 4 and 2 NEM 10/70 calls @$.56 today. Average is now .98.
BITCOIN: closed $10,495 +10. 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 $11.27 +.14 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

Q3

For Trading October 1st
Welcome to Q3
Rally Continues
PLTR Prices @ $7.25 ASAN $21.00
Today’s market was looking pretty ugly on the overnight futures reaction to the debate, but we had a deluge of positive data coming from ADP, Case Schiller, Chicago PMI, another look at Q2 GDP and mortgage applications. We moved from -200 DJIA to +100 in the last 20 minutes leading up to the open and it only got better from there. We had the Treasury Secretary from the Seeking Alpha virtual meeting talking about his conversations with Speaker Pelosi and gave some hopeful words, which added gas to the fire, and we were headed to +550 on the DJIA with the rest of the market following. When the dust settled we finished with the DJIA +329.04 (1.2%), NASDAQ +82.26 (.74%), S&P 500 +27.53 (.83%), the Russell +2.97 (.20%) and the DJ Transports the only one lower at -71.79 (.63%). Market internals were unimpressive although volume was about 30% higher but that was likely the effect of the end of the quarter. There were only 2 DJIA lower (DIS & NKE) while the biggest gainers were AXP, UNH, AMGN, GS, & HD.
Our “open forum” on Discord, which allows you 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/e9UkY-d19rw
SECTORS: There wasn’t a lot of sector news, but we did have some news from DIS after the close laying off 28,000 employees at the “parks” division with full time, part time, as well as executives. The stock finished today $124.00, better than last night’s reaction but still lower by $1.40 (1.12%). Micron (MU) was sold off even though they beat top and bottom lines but sellers took control and after it traded up to $52.67 on the headline, it spent the day today selling off and closed on the lows at $46.90 -3.81 (7.51%). This is why I always try to NOT trade earnings reports. This is a prime example of being right on the numbers and having it cost you money.
Becton Dickenson reported positive results on their “antigen-based test’ and was higher, closing $233.71 +8.28 (3.67%). Moderna (MRNA) was also higher during the day with a high of $75.39 but finished $70.75 +.23 (.33%). PLL who signed a 5-year agreement with TESLA for an element used in batteries that had traded $54.50 and since closing $37 +26 has had a couple of weaker days finishing the day today $23.69 -1.69 (6.66%) but still well up from $11.00.
New Group: AIR & CRUISE LINES were HIGHER with CCL +.27, RCL +.50, NCLH +.80, AAL +.16, DAL +.12, UAL +.59, HA +.15, ALK -.04 and XTN $58.15 -.18 (.32%).
FOOD SUPPLY CHAIN was HIGHER with TSN +.51, BGS -.04, FLO +.23, CPB +.35, CAG +.17, MDLZ +.96, KHC +.34, CALM -.22, JJSF +1.04, SAFM -.03, HRL +.38, SJM +2.51, PPC +.17, KR +.19, and PBJ $32.72 +.22 (.68%).
BIOPHARMA was HIGHER with BIIB +1.33, ABBV +1.28, REGN -12.51, ISRG +19.45, GILD +1.45, MYL +.26, TEVA +.16, VRTX +1.81, BHC +.77, INCY +2.31, ICPT +.01, LABU -.23, and IBB $135.41 +.80 (.59%). CANNABIS: was MIXED with TLRY +.11, CGC -.15, CRON -.01, GWPH -.47, NBEV +.01, CURLF +.16, KERN -.04, and MJ $10.36 -.07 (.67%).
DEFENSE was LOWER with LMT -4.98, GD -.12, TXT -.68, NOC -7.90, BWXT -.96, TDY -1.73, RTX +.16, and ITA $159.79 -.07.
RETAIL: was HIGHER with M +.07, JWN +.29, KSS +.15, DDS +3.01, WMT WMT +3.13, TGT +1.05, TJX +1.49, RL +.63, UAA +.15, LULU +7.71, TPR -.07, CPRI +.33 and XRT $49.66 +.35 (.71%).
MEGA-CAPS & FAANG were HIGHER with GOOGL -.07, AMZN +17.12, AAPL +2.08, FB +1.01, NFLX +7.31, NVDA +14.12, TSLA +12.03, BABA +18.07, BIDU +5.39, CMG -11.28, CRM +4.35, BA +5.70, CAT +2.09, DIS -.91, and XLK $117.07 +1.34 (1.16%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were HIGHER with interest rates with GS +4.18, JPM +.87, BAC +.36, MS +1.18, C +.72, PNC +3.88, AIG +.29, TRV +.56, V +.96, and XLF $24.09 +.34 (1.42%).
OIL, $40.22 +.93, Oil was in a fairly tight range all day. After the oil sold off yesterday it had an “inside day” today, so no real hint to which way it is going out of this consolidation. The stocks were MIXED with XLE $30.03 -.01 (.03%).
GOLD $1,895.50 – 7.70, opened HIGHER and made a slightly higher high and a higher low, closing mid-range but down on the day. There were several “unusual options action” looking for another 10-12% on the upside before year end. We sold the balance of the 3X silver ETF calls at $2.10.
BITCOIN: closed $10,770 -45. 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 $11.01 -.02 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

COVID-19's Economic Impact in Canada: a collection of stats on jobs losses, investment returns, consumer confidence, interest rates, housing, and future forecasts

Over the past few weeks, the COVID crisis has hurt the Canadian economy and the average Canadian's financial situation in more ways than one.
I tried to tally up the damage by going through the info that's been published thus far (by Stats Can, the Bank of Canada, the Parliamentary Budget Officer, news sites, etc.), and have put together some visualizations and commentary on the data.
In summary:
Jobs
Investments (2020 year-to-date returns)
Consumer Confidence
Interest Rates
Housing
Post-COVID Economic Forecasts
On April 9th, Canada’s Parliamentary Budget Officer released a “scenario analysis” report on the potential impact of COVID-19 on the Canadian economy.
 
These points are addressed in chart form at the link above. You can download a spreadsheet which contains all of the source data / charts.
There's also a summary of the emergency response initiatives announced by the federal government (CERB, GST credit, CCB one-time payment, the 75% wage subsidy, etc.), and thoughts about steps that Canadians can take today to improve their financial situation.
I'll continue to update the page as new economic stats roll-in, and as the government announces new initiatives.
I'd love to hear your thoughts about COVID's economic impact in Canada. Also, please feel free to share any other stats, articles, or reports that you think are relevant!
 
Edit: typo.
submitted by getToTheChopin to PersonalFinanceCanada [link] [comments]

Online Degree™ in Cryptocurrency & Trading (Blockchain Council)

Crypto colleagues, this Online Degree™ in Cryptocurrency & Trading is an online program with the provision of concise and effective comprehension of Cryptocurrency & trading. Cryptocurrency is a global phenomenon that has been proved as a revolutionary headway in the journey of currency evolution. Skill-based training modules include: Introduction to Blockchain (private vs public), 2) Introduction to Bitcoin (units, purchasing, regulations, mining, block explorer, forks, variations, trading, vocabulary, peer to peer network), 3) Introduction to Cryptocurrency (anatomy, famous cryptocurrencies, pricing, mine cryptocurrencies, ICOs, trading, psychology, tools & platforms, chart analysis, Candlestick charts, market predictions), 4) How to Trade (exchanges, secure wallets, ERC20 tokens, risk & rewards, trend analysis), 5) Online Degree and Trading Exam (100 question exam, 60% score needed to pass, 3 attempts, manual assistance available).
Enroll today at: https://fxo.co/9mPx
Much career success, Lawrence E. Wilson - Cryptocurrency. Blockchain and FinTech Academy (CBF)
submitted by lwilson747 to ethtrader [link] [comments]

Syscoin Platform’s Great Reddit Scaling Bake-off Proposal

Syscoin Platform’s Great Reddit Scaling Bake-off Proposal

https://preview.redd.it/rqt2dldyg8e51.jpg?width=1044&format=pjpg&auto=webp&s=777ae9d4fbbb54c3540682b72700fc4ba3de0a44
We are excited to participate and present Syscoin Platform's ideal characteristics and capabilities towards a well-rounded Reddit Community Points solution!
Our scaling solution for Reddit Community Points involves 2-way peg interoperability with Ethereum. This will provide a scalable token layer built specifically for speed and high volumes of simple value transfers at a very low cost, while providing sovereign ownership and onchain finality.
Token transfers scale by taking advantage of a globally sorting mempool that provides for probabilistically secure assumptions of “as good as settled”. The opportunity here for token receivers is to have an app-layer interactivity on the speed/security tradeoff (99.9999% assurance within 10 seconds). We call this Z-DAG, and it achieves high-throughput across a mesh network topology presently composed of about 2,000 geographically dispersed full-nodes. Similar to Bitcoin, however, these nodes are incentivized to run full-nodes for the benefit of network security, through a bonded validator scheme. These nodes do not participate in the consensus of transactions or block validation any differently than other nodes and therefore do not degrade the security model of Bitcoin’s validate first then trust, across every node. Each token transfer settles on-chain. The protocol follows Bitcoin core policies so it has adequate code coverage and protocol hardening to be qualified as production quality software. It shares a significant portion of Bitcoin’s own hashpower through merged-mining.
This platform as a whole can serve token microtransactions, larger settlements, and store-of-value in an ideal fashion, providing probabilistic scalability whilst remaining decentralized according to Bitcoin design. It is accessible to ERC-20 via a permissionless and trust-minimized bridge that works in both directions. The bridge and token platform are currently available on the Syscoin mainnet. This has been gaining recent attention for use by loyalty point programs and stablecoins such as Binance USD.

Solutions

Syscoin Foundation identified a few paths for Reddit to leverage this infrastructure, each with trade-offs. The first provides the most cost-savings and scaling benefits at some sacrifice of token autonomy. The second offers more preservation of autonomy with a more narrow scope of cost savings than the first option, but savings even so. The third introduces more complexity than the previous two yet provides the most overall benefits. We consider the third as most viable as it enables Reddit to benefit even while retaining existing smart contract functionality. We will focus on the third option, and include the first two for good measure.
  1. Distribution, burns and user-to-user transfers of Reddit Points are entirely carried out on the Syscoin network. This full-on approach to utilizing the Syscoin network provides the most scalability and transaction cost benefits of these scenarios. The tradeoff here is distribution and subscription handling likely migrating away from smart contracts into the application layer.
  2. The Reddit Community Points ecosystem can continue to use existing smart contracts as they are used today on the Ethereum mainchain. Users migrate a portion of their tokens to Syscoin, the scaling network, to gain much lower fees, scalability, and a proven base layer, without sacrificing sovereign ownership. They would use Syscoin for user-to-user transfers. Tips redeemable in ten seconds or less, a high-throughput relay network, and onchain settlement at a block target of 60 seconds.
  3. Integration between Matic Network and Syscoin Platform - similar to Syscoin’s current integration with Ethereum - will provide Reddit Community Points with EVM scalability (including the Memberships ERC777 operator) on the Matic side, and performant simple value transfers, robust decentralized security, and sovereign store-of-value on the Syscoin side. It’s “the best of both worlds”. The trade-off is more complex interoperability.

Syscoin + Matic Integration

Matic and Blockchain Foundry Inc, the public company formed by the founders of Syscoin, recently entered a partnership for joint research and business development initiatives. This is ideal for all parties as Matic Network and Syscoin Platform provide complementary utility. Syscoin offers characteristics for sovereign ownership and security based on Bitcoin’s time-tested model, and shares a significant portion of Bitcoin’s own hashpower. Syscoin’s focus is on secure and scalable simple value transfers, trust-minimized interoperability, and opt-in regulatory compliance for tokenized assets rather than scalability for smart contract execution. On the other hand, Matic Network can provide scalable EVM for smart contract execution. Reddit Community Points can benefit from both.
Syscoin + Matic integration is actively being explored by both teams, as it is helpful to Reddit, Ethereum, and the industry as a whole.

Proving Performance & Cost Savings

Our POC focuses on 100,000 on-chain settlements of token transfers on the Syscoin Core blockchain. Transfers and burns perform equally with Syscoin. For POCs related to smart contracts (subscriptions, etc), refer to the Matic Network proposal.
On-chain settlement of 100k transactions was accomplished within roughly twelve minutes, well-exceeding Reddit’s expectation of five days. This was performed using six full-nodes operating on compute-optimized AWS c4.2xlarge instances which were geographically distributed (Virginia, London, Sao Paulo Brazil, Oregon, Singapore, Germany). A higher quantity of settlements could be reached within the same time-frame with more broadcasting nodes involved, or using hosts with more resources for faster execution of the process.
Addresses used: 100,014
The demonstration was executed using this tool. The results can be seen in the following blocks:
612722: https://sys1.bcfn.ca/block/6d47796d043bb4c508d29123e6ae81b051f5e0aaef849f253c8f3a6942a022ce
612723: https://sys1.bcfn.ca/block/8e2077f743461b90f80b4bef502f564933a8e04de97972901f3d65cfadcf1faf
612724: https://sys1.bcfn.ca/block/205436d25b1b499fce44c29567c5c807beaca915b83cc9f3c35b0d76dbb11f6e
612725: https://sys1.bcfn.ca/block/776d1b1a0f90f655a6bbdf559ff5072459cbdc5682d7615ff4b78c00babdc237
612726: https://sys1.bcfn.ca/block/de4df0994253742a1ac8ac9eec8d2a8c8b0a6d72c53d6f3caa29bb6c171b0a6b
612727: https://sys1.bcfn.ca/block/e5e167c52a9decb313fbaadf49a5e34cb490f8084f642a850385476d4ef10d70
612728: https://sys1.bcfn.ca/block/ab64d989edc71890e7b5b8491c20e9a27520dc45a5f7c776d3dae79057f59fe7
612729: https://sys1.bcfn.ca/block/5e8b7ecd0e36f99d07e4ea6e135fc952bf7ec30164ab6f4d1e98b0f2d405df6d
612730: https://sys1.bcfn.ca/block/d395df3d31dde60bbb0bece6bd5b358297da878f0beb96be389e5f0e043580a3
It is important to note that this POC is not focused on Z-DAG. The performance of Z-DAG has been benchmarked within realistic network conditions: Whiteblock’s audit is publicly available. Network latency tests showed an average TPS around 15k with burst capacity up to 61k. Zero-latency control group exhibited ~150k TPS. Mainnet testing of the Z-DAG network is achievable and will require further coordination and additional resources.
Even further optimizations are expected in the upcoming Syscoin Core release which will implement a UTXO model for our token layer bringing further efficiency as well as open the door to additional scaling technology currently under research by our team and academic partners. At present our token layer is account-based, similar to Ethereum. Opt-in compliance structures will also be introduced soon which will offer some positive performance characteristics as well. It makes the most sense to implement these optimizations before performing another benchmark for Z-DAG, especially on the mainnet considering the resources required to stress-test this network.

Cost Savings

Total cost for these 100k transactions: $0.63 USD
See the live fee comparison for savings estimation between transactions on Ethereum and Syscoin. Below is a snapshot at time of writing:
ETH price: $318.55 ETH gas price: 55.00 Gwei ($0.37)
Syscoin price: $0.11
Snapshot of live fee comparison chart
Z-DAG provides a more efficient fee-market. A typical Z-DAG transaction costs 0.0000582 SYS. Tokens can be safely redeemed/re-spent within seconds or allowed to settle on-chain beforehand. The costs should remain about this low for microtransactions.
Syscoin will achieve further reduction of fees and even greater scalability with offchain payment channels for assets, with Z-DAG as a resilience fallback. New payment channel technology is one of the topics under research by the Syscoin development team with our academic partners at TU Delft. In line with the calculation in the Lightning Networks white paper, payment channels using assets with Syscoin Core will bring theoretical capacity for each person on Earth (7.8 billion) to have five on-chain transactions per year, per person, without requiring anyone to enter a fee market (aka “wait for a block”). This exceeds the minimum LN expectation of two transactions per person, per year; one to exist on-chain and one to settle aggregated value.

Tools, Infrastructure & Documentation

Syscoin Bridge

Mainnet Demonstration of Syscoin Bridge with the Basic Attention Token ERC-20
A two-way blockchain interoperability system that uses Simple Payment Verification to enable:
  • Any Standard ERC-20 token to be moved from Ethereum to the Syscoin blockchain as a Syscoin Platform Token (SPT), and back to Ethereum
  • Any SPT to be moved from Syscoin to the Ethereum blockchain as an ERC-20 token, and back to Syscoin

Benefits

  • Permissionless
  • No counterparties involved
  • No trading mechanisms involved
  • No third-party liquidity providers required
  • Cross-chain Fractional Supply - 2-way peg - Token supply maintained globally
  • ERC-20s gain vastly improved transactionality with the Syscoin Token Platform, along with the security of bitcoin-core-compliant PoW.
  • SPTs gain access to all the tooling, applications and capabilities of Ethereum for ERC-20, including smart contracts.
https://preview.redd.it/l8t2m8ldh8e51.png?width=1180&format=png&auto=webp&s=b0a955a0181746dc79aff718bd0bf607d3c3aa23
https://preview.redd.it/26htnxzfh8e51.png?width=1180&format=png&auto=webp&s=d0383d3c2ee836c9f60b57eca35542e9545f741d

Source code

https://github.com/syscoin/?q=sysethereum
Main Subprojects

API

Tools to simplify using Syscoin Bridge as a service with dapps and wallets will be released some time after implementation of Syscoin Core 4.2. These will be based upon the same processes which are automated in the current live Sysethereum Dapp that is functioning with the Syscoin mainnet.

Documentation

Syscoin Bridge & How it Works (description and process flow)
Superblock Validation Battles
HOWTO: Provision the Bridge for your ERC-20
HOWTO: Setup an Agent
Developer & User Diligence

Trade-off

The Syscoin Ethereum Bridge is secured by Agent nodes participating in a decentralized and incentivized model that involves roles of Superblock challengers and submitters. This model is open to participation. The benefits here are trust-minimization, permissionless-ness, and potentially less legal/regulatory red-tape than interop mechanisms that involve liquidity providers and/or trading mechanisms.
The trade-off is that due to the decentralized nature there are cross-chain settlement times of one hour to cross from Ethereum to Syscoin, and three hours to cross from Syscoin to Ethereum. We are exploring ways to reduce this time while maintaining decentralization via zkp. Even so, an “instant bridge” experience could be provided by means of a third-party liquidity mechanism. That option exists but is not required for bridge functionality today. Typically bridges are used with batch value, not with high frequencies of smaller values, and generally it is advantageous to keep some value on both chains for maximum availability of utility. Even so, the cross-chain settlement time is good to mention here.

Cost

Ethereum -> Syscoin: Matic or Ethereum transaction fee for bridge contract interaction, negligible Syscoin transaction fee for minting tokens
Syscoin -> Ethereum: Negligible Syscoin transaction fee for burning tokens, 0.01% transaction fee paid to Bridge Agent in the form of the ERC-20, Matic or Ethereum transaction fee for contract interaction.

Z-DAG

Zero-Confirmation Directed Acyclic Graph is an instant settlement protocol that is used as a complementary system to proof-of-work (PoW) in the confirmation of Syscoin service transactions. In essence, a Z-DAG is simply a directed acyclic graph (DAG) where validating nodes verify the sequential ordering of transactions that are received in their memory pools. Z-DAG is used by the validating nodes across the network to ensure that there is absolute consensus on the ordering of transactions and no balances are overflowed (no double-spends).

Benefits

  • Unique fee-market that is more efficient for microtransaction redemption and settlement
  • Uses decentralized means to enable tokens with value transfer scalability that is comparable or exceeds that of credit card networks
  • Provides high throughput and secure fulfillment even if blocks are full
  • Probabilistic and interactive
  • 99.9999% security assurance within 10 seconds
  • Can serve payment channels as a resilience fallback that is faster and lower-cost than falling-back directly to a blockchain
  • Each Z-DAG transaction also settles onchain through Syscoin Core at 60-second block target using SHA-256 Proof of Work consensus
https://preview.redd.it/pgbx84jih8e51.png?width=1614&format=png&auto=webp&s=5f631d42a33dc698365eb8dd184b6d442def6640

Source code

https://github.com/syscoin/syscoin

API

Syscoin-js provides tooling for all Syscoin Core RPCs including interactivity with Z-DAG.

Documentation

Z-DAG White Paper
Useful read: An in-depth Z-DAG discussion between Syscoin Core developer Jag Sidhu and Brave Software Research Engineer Gonçalo Pestana

Trade-off

Z-DAG enables the ideal speed/security tradeoff to be determined per use-case in the application layer. It minimizes the sacrifice required to accept and redeem fast transfers/payments while providing more-than-ample security for microtransactions. This is supported on the premise that a Reddit user receiving points does need security yet generally doesn’t want nor need to wait for the same level of security as a nation-state settling an international trade debt. In any case, each Z-DAG transaction settles onchain at a block target of 60 seconds.

Syscoin Specs

Syscoin 3.0 White Paper
(4.0 white paper is pending. For improved scalability and less blockchain bloat, some features of v3 no longer exist in current v4: Specifically Marketplace Offers, Aliases, Escrow, Certificates, Pruning, Encrypted Messaging)
  • 16MB block bandwidth per minute assuming segwit witness carrying transactions, and transactions ~200 bytes on average
  • SHA256 merge mined with Bitcoin
  • UTXO asset layer, with base Syscoin layer sharing identical security policies as Bitcoin Core
  • Z-DAG on asset layer, bridge to Ethereum on asset layer
  • On-chain scaling with prospect of enabling enterprise grade reliable trustless payment processing with on/offchain hybrid solution
  • Focus only on Simple Value Transfers. MVP of blockchain consensus footprint is balances and ownership of them. Everything else can reduce data availability in exchange for scale (Ethereum 2.0 model). We leave that to other designs, we focus on transfers.
  • Future integrations of MAST/Taproot to get more complex value transfers without trading off trustlessness or decentralization.
  • Zero-knowledge Proofs are a cryptographic new frontier. We are dabbling here to generalize the concept of bridging and also verify the state of a chain efficiently. We also apply it in our Digital Identity projects at Blockchain Foundry (a publicly traded company which develops Syscoin softwares for clients). We are also looking to integrate privacy preserving payment channels for off-chain payments through zkSNARK hub & spoke design which does not suffer from the HTLC attack vectors evident on LN. Much of the issues plaguing Lightning Network can be resolved using a zkSNARK design whilst also providing the ability to do a multi-asset payment channel system. Currently we found a showstopper attack (American Call Option) on LN if we were to use multiple-assets. This would not exist in a system such as this.

Wallets

Web3 and mobile wallets are under active development by Blockchain Foundry Inc as WebAssembly applications and expected for release not long after mainnet deployment of Syscoin Core 4.2. Both of these will be multi-coin wallets that support Syscoin, SPTs, Ethereum, and ERC-20 tokens. The Web3 wallet will provide functionality similar to Metamask.
Syscoin Platform and tokens are already integrated with Blockbook. Custom hardware wallet support currently exists via ElectrumSys. First-class HW wallet integration through apps such as Ledger Live will exist after 4.2.
Current supported wallets
Syscoin Spark Desktop
Syscoin-Qt

Explorers

Mainnet: https://sys1.bcfn.ca (Blockbook)
Testnet: https://explorer-testnet.blockchainfoundry.co

Thank you for close consideration of our proposal. We look forward to feedback, and to working with the Reddit community to implement an ideal solution using Syscoin Platform!

submitted by sidhujag to ethereum [link] [comments]

Rally Monkey

For Trading October 6th
Rally Continues
Mega & Small Caps Rule the Day
Today’s market was strong from the overnight futures right through the close. Upbeat attitudes seemed to be the rule of the day with the president fairing better than expected and he made it clear, later verified by the doctors, that he would be headed back to the White House later this afternoon. At the close all stock markets were higher with the biggest gainers the mega-cap and the small-cap, with the DJIA +465.83 (1.68%), NASDAQ +257.47 (2.32%), S&P 500 +60.16 (1.8%), the Russell the biggest gainer +42,67 (2.77%) and the DJ Transports +184.99 (1.64%). ISM Services came in well over expectations at 57.8 vs. 55.6 expected and 56.9 in August. Unfortunately, Chapter 11 filings were up 78%, but the market was totally unaffected by the bad news on small business. Market internals were good with both NYSE and NASDAQ were 3:1 and volume was average. The DJIA had all 30 gainers with one of the new members, AMGN added 70 DP’s and many in the +25 - 30 range. The biggest factor for the day was Trump returning to the White House tonight, tweeted out this afternoon, later confirmed by his doctors in their afternoon update. That added about 125-150 to the DJIA.
Our “open forum” on Discord, which allows you 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/J75X2GPb5n0
SECTORS: There was some good news for holders of MYOK, Myokardia, as BMY bid $225 for the company. The stock, which traded as low as $43.00 earlier this year closed Friday $139.60 finished the day today $220.34 +80.74 (58%). Not so fortunate, Cineworld, which trades in London and in B-Pounds, with a tracking stock here (CNNWK) announced that they are closing all of their movie theaters for the rest of the year and well into 2021. Here in the US they go under the name Regal Cinemas and are the second largest theater chain in the country. In London the stock, down from 220 this year closed $25.20 -14.27 (36%), and here in the US, CNWGY the stock traded $8.00 in July, down from over $10 in February, closed the day $1.10 -1.10 (50%). AMC, which traded as high as $36 in 2018, and $21 last year finished the day $4.13 -.52 (11.2%). A very tough day!
New Group: AIR & CRUISE LINES were MIXED with CCL -.16, RCL -.17, NCLH -.34, AAL +.10, DAL +.32, UAL +.24, LUV -.26, HA -.03, ALK unchanged, and XTN $60.08 +.70 (1.19%).
FOOD SUPPLY CHAIN was HIGHER with TSN -.43, BGS +.13, FLO +.29, CPB -.22, CAG +.05, MDLZ +.22, KHC +.43, CALM -.36, JJSF +.40, SAFM +1.48, HRL +.49, SJM +.91, PPC -.10, KR +.41, and PBJ $33.36 +.31 (.95%).
BIOPHARMA was HIGHER with BIIB +6.54, ABBV +2.23, REGN +39.20, ISRG +11.42, GILD +1.67, MYL +.20, TEVA +.26, VRTX +8.18, BHC +.40, INCY +3.47, ICPT +1.34, LABU +7.70, and IBB $139.57 +5.70 (4.16%). CANNABIS: was HIGHER with TLRY +..60, CGC +.78, CRON +.15, GWPH +2.03, ACB +.06, NBEV +.09, CURLF +.05, KERN +.44, and MJ $10.85 +.49 (4.73%).
DEFENSE was HIGHER with LMT +2.92, GD +2.24, TXT +.68, NOC -1.86, BWXT -.24, TDY +5.71, RTX +.11, and ITA $161.14 +.26 (.16%).
RETAIL: was HIGHER with M +.04, JWN +.55, KSS +.36, DDS +2.03, WMT +1.15, TGT +2.39, TJX -.11, RL +1.87, UAA -.01, LULU +.93, TPR +.75, CPRI +1.20, and XRT $52.77 +1.48 (2.89%).
MEGA-CAPS & FAANG were HIGHER with GOOGL +21.49, AMZN +73.00, AAPL +3.40, FB +4.32, NFLX +17.49, NVDA +23.85, TSLA +8.36, BABA +.43, BIDU -.12, CMG +4.99, CRM +4.05, BA +3.12, CAT +3.96, DIS +.69 and XLK $117.46 +2.52 (2.19%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were HIGHER with interest rates, with GS +1.90, JPM +2.01, BAC +.46, MS +.70, C +1.28, PNC +2.64, AIG +.73, TRV +2.43, V+2.04, and XLF $24.73 +.43 (1.77%).
OIL, $39.22 +2.17, Oil was near recent highs and sold off hard Friday touching $37.61 (down about 6%) before mounting a rally back to close +2.17. The stocks were HIGHER with XLE $30.13 +.82 (2.8%).
GOLD $1,920.10 +12.50, opened HIGHER and made a slightly higher high and a higher low, closing near the highs of the day. There were several “unusual options action” looking for another 10-12% on the upside before year end.
BITCOIN: closed $10,815 + 265. 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 $11.27 +.41 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

Dead Battery

For Trading September 24TH
NASDAQ WORST PERFORMER, AGAIN!
BATTERY DAY is a DUD
ABSOLUTE LUNACY
Today’s market started off on the upside hitting the high of the day by 9:45 and started to fail. By 10:30 we had moved below unchanged and spent the next 3 hours going sideways to down, and then the real selling began, taking the DJIA to below last weeks low and after a minor rally moved down to close -525.05 (1.9%), NASDAQ -330.65 (3.02%), S&P 500 -78.65 (2.07%), the Russell -45.59 (3.04%) and the DJ Transports -119.44 (1.06%). Volume on the NYSE was roughly 7:1 down, close to climactic, but not quite, and the A/D was 7.8:1 on NYSE and 5:1 on NASDAQ. Housing price index was unchanged @ +1% as expected and mortgage apps. Increased 6.8% following a -2.5% last week. Covid-19 numbers are on the rise again with France the big winner (loser?) on number of new cases and deaths.
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/jd4FWkDRLig
SECTORS: The lunacy of this market knows no bounds. A company added a “EV Charger” business and it rallies from a prior close of $1.05 to a high of $46.67 and finishes the day @ $14.00 +1233%. This is the same kind of activity that occurred in 1999 when all you had to do was add “.com” to the company name and settle back to watch the fireworks. In reality, SPI Energy (SPI) is a company that had a high of $1,800 at the start of 2016. That may seem pretty extreme for a stock that closed $1.05 before the news, but it actually “reverse split” twice, 1:10 in 2017 and 2018. So, if you owned 100 shares in early 2017 at $20, you’d first go to 10 shares, and then again in 2018 down to 1 share. So, 100 @ $20, or $2000 worth of stock, you’d now have 1 share worth $14.00 at the close today. Talk about destruction of equity! No as bad as some, but not a great return. Caveat Emptor!...in spades. New Group:
AIR & CRUISE LINES were LOWER with CCL -.28, RCL -1.57, NCLH -.28, AAL -.37, DAL -.87, LUV -.53, UAL -.95, HA -.41, ALK -1.17, and XTN $57.50 -.85 (1.46%).
FOOD SUPPLY CHAIN was LOWER with TSN -2.59, BGS -.48, FLO -.23, CPB -.48, CAG -1.29, MDLZ -1.27, KHC -.48, CALM -.01, JJSF +1.40, SAFM -2.89, HRL -.21, SJM -1.67, PPC -.04, KR -.54, and PBJ $31.68 -.63 (1.96%).
BIOPHARMA was LOWER with BIIB -.56, ABBV -1.42, REGN -6.32, ISRG -8.61, GILD -.65, MYL -.42, TEVA -.16, VRTX -3.76, BHC -.29, INCY -.96, ICPT -1.64, LABU -5.39, and IBB $132.10 -1.68 (1.25%). CANNABIS: was LOWER with TLRY -.65, CGC -1.43, CRON-.24, GWPH -.85, ACB -2.11 (28%), NBEV -.12, CURLF -.05, KERN -.35, and MJ $10.37 -.70 (6.32%).
DEFENSE was LOWER with LMT -5.18, GD -3.25, TXT -.80, NOC -2.85, BWXT -1.11, TDY -7.71, RTX -1.79, and ITA $156.70 -4.14 (2.57%).
RETAIL: was LOWER with M -.13, JWN -.72, KSS -.71, DDS -1.39, WMT -2.80, TGT -3.88, TJX -1.36, RL -3.03, UAA +.33, LULU -2.60, TPR +.03, CPRI -.50, and XRT $49.28 -1.34 (2.65%).
MEGA-CAPS & FAANG were LOWER with GOOGL -56.82, AMZN -155.99, AAPL -6.21 FB -8.00, NFLX -22.37, NVDA -25.01, TSLA -56.40, BABA -3.39, BIDU -1.11, CMG +23.13, CRM -13.28, BA -6.45, CAT -3.07, DIS -4.21, XLK 109.90 -4.32 (3.79%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were LOWER with GS -4.22, JPM -1.77, BAC -.72, MS -1.21, C -1.52, PNC -2.86, AIG -.88, TRV -1.76, AXP -2.88, V -5.71, and XLF $23.20 -.53 (2.23%).
OIL, $39.93 +.13, 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 lower with XLE $30.21 – 1.43 (4.52%).
GOLD $1,868.40 -39.20, opened LOWER but and gave up most of the recent gains and finished well off the low but substantially lower. I have closed out the NEM calls at a loss. I will take another look after I’ve seen some sideways action.
BITCOIN: closed $10,280 -215. 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 $10.74 -.53 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

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