The demand and requests from everyone on here for a X service has been fantastic so finally got approved by X for a sub on here. Only took @X over a month lol, I will start adding some more insightful deep dive analysis each week and mix it up between short term and longer term thoughts. All subs get DM's open and we will try to adapt to what most folks are wanting to learn. Thanks!
https://t.co/b2SVETtzt4
Why stocks are selling off:
- vix was at a 2yr low yesterday, any level of volatility up was going to take stocks down
- 10yr treasury bond is above 4.7% and 30yr is 5.3% which just not sustainable at these levels, last time we were pushing these yields, the S&P was down 30%
- japan 30yr yields surged above 4%, highest in historyโฆjust not good
- trump posted that the US is having no conversations with Iran, more uncertainty
- tech names had a very solid first two weeks of August, giving back some of those gains is natural but given they rallied so hard, the downturn ends up being ugly as well even though these names are still very green from the lows
basically, not an earnings/ai bubble story for the selloff
feels more like a bond yields/trump iran uncertainty story
Basic human decency suggests you shouldn't even check the charts. But China stocks...are we breaking out? $BYDDF $TCEHY $YMM looking good
$BABA above $123 would look great. $BIDU offers good R/R entry
@Mr_Derivatives Two honest questions!
What will make gold diverge from stocks moving forward since you are bullish gold?
Why do you still trust / amplify Tom Lee?
Really...sincere...I know they sound snarky...but not
The weakness in tech and AI/memory names currently and for the next 2 or so months should be bought.
Obviously not all at once. DCA. In segments. In tranches. Give yourself time. So absolutely probably not short dated calls.
Or better yet, take advantage of the high IV and sell some puts.
@StonkChris $WYFI ๐คฃ
I'm sad you u followed me. I actually love your posts. And asked @Mr_Derivatives to unblock you. Good times. But there were too many ๐ฉ posts these last couple of days without owning the wrong'uns.
Hope this doesn't earn me the block ๐