Look at the trends. A lot of stocks have been trending down for a while, now. Look at NFLX, it has been going down a while. Only reason I am unable to short it is because the options premiums cost too much. I am not going to plunk down thousands of dollars on 1 contract when I can short other stocks for much less. PTON I shorted with put options and doing nicely. The stock indexes too are looking weak for a while now too. The stockcharts do not lie. Lots of trading opportunities out there. You just have to grab it and you cannot win, if you are not in it.
What happened today and what will happen tomorrow?
- Thread starter Ayn Rand
- Start date
Tomorrow = death. (for any longs)
Just because most participants in the market have never seen inflation before,
doesn't mean it never happened before.
The index that tracks the commodities is called
the Commodity Research Bureau Index ($CRB)
doesn't mean it never happened before.
The index that tracks the commodities is called
the Commodity Research Bureau Index ($CRB)
It's ok guys. As soon as all the longs either close out at a loss, or get liquidated, the Fed will announce they will hold off tapering until 2024...
At 2pm the Netflix earnings miss was leaked to a list of messaging addresses. A confirmation reveal that People aren't sitting at home locked up anymore. So, on top of general selling, we have the big downward repricing of the lock down names like Zoom, Teladoc, Pelton, Roku..ect. Netflix was a FANG member, so it was the biggest. Cathie is toast.
But its kinda moot. The general trading trend and flow has been established. To ask why one day selling is not as important as setting up your trading strategy for what's generally going on... and that's selling.
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Inflation is real and the Federal Reserve will be raising interest rates soon. They cannot dilly dally for long. There may be political pressure to hold off raising interest rates but, the longer they wait, the worst it gets. PTON is just the start, lots of companies will report poor earnings due to the shutdowns and lockdowns. You cannot run a business where you have no customers. I expect those in the leisure business to take huge hits if not, already. The cost of business already going up substantially, with the huge inflation. They will pass that on to the consuming public. No way around it.
It is just the cherry on top for those short NFLX, it has been going down for a while, now.
Russia (Moscow Exchange Index) topped last Oct 20th so our markets sure took a while to react if that is the case.
Maybe because Chinas real estate sector is so large it affects the global economy and its a bursting bubble? Financing calls there mean equity sells everywhere. The bubble popping and BTC crashing is an indicative.
It remains a mixed market. Even more the before every IT led dip creates opportunities in other areas even big IT might be an opportunity at some point.
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