Martin

The difficult trade is usually the right one..

[Martin @CallingMargin]

@thsottiaux

[Martin @CallingMargin]

@PeterLBrandt Good thing I have an Android.

[Martin @CallingMargin]

@pitdesi Paul brothers were invited to speak to our military.

[Martin @CallingMargin]

Lastly, this is how $XLF opened the next day after this signal went off. In more cases than not, it gapped higher the next day before we began seeing the weakness roll in.

[Martin @CallingMargin]

Yesterday, as oil ralled over $100, we saw $USO hit new 52 week highs, and finish up over 5.5% on the day.

$XLF on the otherhand, even though it also hit 52 week highs, it closed red on the down, down about .50%. That 6% point divergence is the largest between the two in 20 years!

What's interesting is that when this level of a divergence happens at 52 week highs, it points to short term weakness in $XLF.

[Martin @CallingMargin]

On the otherhand, when this divergence happens and neither stock is at 52 week highs...it doesn't look as bearish for $XLF. The gap needs to be very high >4, for it to point to any weakness. So it looks like being at those highs matters.

[Martin @CallingMargin]

@ayeejuju Scroll tiktok while watching youtube now.

[Martin @CallingMargin]

Even with continued share unlocks, $SPCX continues to chug forward. The demand is there.

[Martin @CallingMargin]

$SMH has been outperforming the $SPY over the last 14 days, but is still showing lagging over a longer time frame. Normally...outpeformance by SMH is a leading indicator for better performance for the S&P 500.

[Martin @CallingMargin]

@TexasTSLA @robotaxi Sounds like your support request was routed to some college kid who got versed on the Cybercab about 30 minutes ago.

[Martin @CallingMargin]

@nypost As a matter of fact, put that helmet back on

[Martin @CallingMargin]

$TTWO is now trading below all of the levels it was at before the unofficial and official leaks of GTA VI gameplay. Not a great-looking tape if you're a bull, and the path of least resistance looks lower.
https://t.co/OoKVzmlT9Z

[Martin @CallingMargin]

https://t.co/fNLBgBeDRX

[Martin @CallingMargin]

I believe that there is an arbitrage opportunity available with $GME. Last year, GameStop issued $32 warrants to its shareholders, which expire this October.

Those warrants are trading for $1.76 even though the $32 calls that expire this October are trading for 17c.

1/5

[Martin @CallingMargin]

On top of that, the most likely outcome for these warrants is that management will allow them to expire.

From where I am sitting, longing the $32 Sept 2027 calls, and shorting the $32 Oct 2026 warrants is a solid play. If GameStop starts climbing from here, then even better for our calls.

[Martin @CallingMargin]

Looks like we're back down to new 10 year lows today...

[Martin @CallingMargin]

I'm still taking the stance that $NKE has not found a bottom.

1) Just because a stock has gone down a lot, doesn't make it a buy.
2) Whatever the stock has traded at in the past, has no relevance to what it can trade to in the future.

https://t.co/4rhV02jeCA

[Martin @CallingMargin]

https://t.co/IADT2JiDTA

[Martin @CallingMargin]

Initiated a position in $BABA today. They reported earnings this morning, and while mixed, once the earnings call concluded, Alibaba was down 6% in the premarket. Once the cash session opened up, it began to get bid back up. 1/3

[Martin @CallingMargin]

It seems like a nice place to hang out right now if you're worried about the Nasdaq's performance from here on. It looks like $BABA has been trading better than the Q's for the past month. With today's reversal, that points to a further sign that more outperformance is still to come. 3/3