Stock Thread (12 Viewers)

[cosjobs]

Selling the UVXY was ill-timed, but I loaded back up premarket.

Still holding? Should have tailed you.

doubled up premarket with SRTY, SDOW, TSLQ, SARk,

 

[Sand]

Nikkei down 6.35% as I type.

So apparently hedge funds ****ing the global economy again. Expect to be chewing a lotta Big Red today fellas.

This time they reportedly got caught indirectly trying to short the Yen?

Japanese central bank raised interest rates for the first time in a hot minute. They are getting squeezed.

Good explanation here.

x.com

x.com

I read this stuff and wonder how much a single bad play factors here. The market moved 4T if you figure world market cap is about 100T. The entire world hedge market cap is like 3T.

Maybe some pigs got slaughtered, but there's more to this.

Leverage. The Yen carry trade is estimated to be a 20T market.

 

[Sand]

At this rate the market stops out at the open.

 

[fruity pebbles]

Thoughts on buying the TLT (or TLT calls)? Everyone is telegraphing rate drops from September until who knows when. The TLT already moved on the non-news last week when rates were held steady but the market pushed TLT higher anyway. Stands to reason that it should continue to climb over the next five months when rates actually go down.

Dunno. Everyone is in on this trade. Dropped a full percent in two months. Feels late and crowded

 

[Todem]

Thoughts on buying the TLT (or TLT calls)? Everyone is telegraphing rate drops from September until who knows when. The TLT already moved on the non-news last week when rates were held steady but the market pushed TLT higher anyway. Stands to reason that it should continue to climb over the next five months when rates actually go down.

Dunno. Everyone is in on this trade. Dropped a full percent in two months. Feels late and crowded

There is runway here….when the cutting really starts.

 

[Todem]

At this rate the market stops out at the open.

The algorithms will make this even worse. It’s pretty crazy how fast it drops compared to say 25 years ago.

 

[beef]

At this rate the market stops out at the open.

Now that would really bring back some early COVID market flashbacks

 

[Sand]

At this rate the market stops out at the open.

The algorithms will make this even worse. It’s pretty crazy how fast it drops compared to say 25 years ago.

Eh - I remember 1987. That was fast enough for anyone.

 

[GennyScreamers]

I try to just buy good companies and hold during days like this. It’s tempting to try and capitalize on days like today, but I am not an experienced trader, and I fear I’ll just burn myself.

 

[Sand]

At this rate the market stops out at the open.

Now that would really bring back some early COVID market flashbacks

Losses are moderating some, so it looks less likely.

 

[kevzilla]

I try to just buy good companies and hold during days like this. It’s tempting to try and capitalize on days like today, but I am not an experienced trader, and I fear I’ll just burn myself.

Bathwater, babies, everything must go!

Seriously, some good merchandise is on sale. The only pause is the notion that prices might get better yet. I didn't raise cash like Warren did, so Cap and I are going to just take the pain today.

 

[Desert_Power]

I've been buying today, too

I hate buying on Fridays.

Things happen over the weekend.

Don’t get crazy here….we have more downside ahead.

My cash (SHV) has become a bit elevated since June so shifted about 1/5th of that over into market ETFs

Threw a fairly giant slug at VOO this morning.

 

[Todem]

At this rate the market stops out at the open.

The algorithms will make this even worse. It’s pretty crazy how fast it drops compared to say 25 years ago.

Eh - I remember 1987. That was fast enough for anyone.

I remember that well. It was my first major lesson and how to invest

 

[fruity pebbles]

My first NVDA shares

 

[pecorino]

I've been buying today, too

I hate buying on Fridays.

Things happen over the weekend.

Don’t get crazy here….we have more downside ahead.

My cash (SHV) has become a bit elevated since June so shifted about 1/5th of that over into market ETFs

Threw a fairly giant slug at VOO this morning.

I feel you. I'm an SPY guy but similar thing. If Vanguard every lets me log in, I'll buy more SPY.

 

[guru_007]

Schwab down

 

[Capella]

I can’t log into Schwab right now

 

[kevzilla]

Can't get into Fidelity, and I'm told Robinhood has instituted a 24-hour hold

 

[The Man With No Name]

Fidelity. Bought 2 stocks premarket and am up more than 10% on both

 

[Nick Vermeil]

Can't get into Fidelity, and I'm told Robinhood has instituted a 24-hour hold

I'm In Fidelity on the Active Trader app and am able to execute orders.

 

[cosjobs]

Can't get into Fidelity, and I'm told Robinhood has instituted a 24-hour hold

I'm In Fidelity on the Active Trader app and am able to execute orders.

no problems for me, either. And I'm not even on the AT app

 

[fruity pebbles]

Fidelity was down for a bit but back up for me.

 

[guru_007]

So Schwab, online down, mobile down, phones down, chat down.

I hope this company gets investigated. This is highly inexcusable.

 

[The General]

Dead cat bounce?!

 

[Sand]

Can't get into Fidelity, and I'm told Robinhood has instituted a 24-hour hold

Redirect Notice

 

[Sand]

Dead cat bounce?!

Anything is possible. But ISM was way better than expected, which may be the bone the market needs on recession fears.

 

[steelerfan1]

Vanguard appears down too

 

[pecorino]

Vanguard has been down all morning for me.

 

[Sand]

At this rate the market stops out at the open.

The algorithms will make this even worse. It’s pretty crazy how fast it drops compared to say 25 years ago.

Eh - I remember 1987. That was fast enough for anyone.

I remember that well. It was my first major lesson and how to invest

Just saw that today's Nikkei is the worst day since 1987. Damn hedge funds.

 

[Battersbox]

With the SPY opening at these levels, it will be its 20th gap down of 3%+ in its history. On days where the SPY has opened down 3% or more it has averaged a gain of 1.23% from the open to the close on these days - with positive returns 58% of the time. From the lower open to one week later, SPY has only been higher 52.6% of the time, but one month from the lower open, it has averaged a gain of 4.18% with positive returns 73.7% of the time. Going out three months from these large gaps down, SPY has averaged a gain of 11.19% with positive returns 89.5% of the time…Bespoke

 

[culdeus]

Dead cat bounce?!

We all aligned in covid you post this you get a year in a chat room with lhucks

 

[guru_007]

9:21 cst - logged in to Schwab
9:22 cst - vomitted profusely
9:23 cst - loggest out of Schwab

 

[Desert_Power]

Can't get into Fidelity, and I'm told Robinhood has instituted a 24-hour hold

Redirect Notice

Is that saying just the afterhours trading is halting? I had an ETF sale go through pre-market and purchased right at 9:30.

 

[fruity pebbles]

Schwab’s just gonna sit this day out

 

[Desert_Power]

With the SPY opening at these levels, it will be its 20th gap down of 3%+ in its history. On days where the SPY has opened down 3% or more it has averaged a gain of 1.23% from the open to the close on these days - with positive returns 58% of the time. From the lower open to one week later, SPY has only been higher 52.6% of the time, but one month from the lower open, it has averaged a gain of 4.18% with positive returns 73.7% of the time. Going out three months from these large gaps down, SPY has averaged a gain of 11.19% with positive returns 89.5% of the time…Bespoke

If I had to guess, the COVID experiment is probably really skewing this data.

Still, this looks pretty clearly like a reaction to a policy error from the Federal Reserve. They can shift their direction at any moment

 

[cosjobs]

SCHW Aug-16-2024 $56 PUT
Loaded up at 35 cents

 

[cosjobs]

SCHW Aug-16-2024 $56 PUT
Loaded up at 35 cents

Once Schwab accounts can trade again, we may hit it today.

 

[beef]

Interactive Brokers Worth a look? I'm changing. F Schwab. I loved TDs platform and never had problems.

 

[steelerfan1]

Vanguard has been down all morning for me.

its back, but its the older version. still allowed to buy stuff though. in for more AMZN and NVDA

 

[ConstruxBoy]

I just got into Schwab and made a trade.

 

[beef]

I just got into Schwab and made a trade.

can I venmo you some cash to make some trades for me?

 

[Capella]

Wanted to buy and trade for more nvda and Schwab and still can’t get in. Cost me 7%. Unconscionable.

 

[Phil Elliott]

Yes, Schwab is up, now that the drop has stopped for now.

 

[culdeus]

Trade size feels like retail panic. Todem?

 

[Todem]

Trade size feels like retail panic. Todem?

Oh yeah...this retail panic.

VXX was up 135% at the open.......this is a rare day.

Take advantage for the long term.

 

[Klimtology]

Is it time to get out?

 

[bp1]

Trade size feels like retail panic. Todem?

Oh yeah...this retail panic.

VXX was up 135% at the open.......this is a rare day.

Take advantage for the long term.

"Take advantage".... let's say there's $2k sitting in cash that wants to be utilized. I've read through many of the posts with your top reco's and such, but are there 3-4 stocks at the moment that really stick out to you? Thanks.

 

[culdeus]

Trade size feels like retail panic. Todem?

Oh yeah...this retail panic.

VXX was up 135% at the open.......this is a rare day.

Take advantage for the long term.

"Take advantage".... let's say there's $2k sitting in cash that wants to be utilized. I've read through many of the posts with your top reco's and such, but are there 3-4 stocks at the moment that really stick out to you? Thanks.

VT and chill

 

[Nugget]

Trade size feels like retail panic. Todem?

Oh yeah...this retail panic.

VXX was up 135% at the open.......this is a rare day.

Take advantage for the long term.

"Take advantage".... let's say there's $2k sitting in cash that wants to be utilized. I've read through many of the posts with your top reco's and such, but are there 3-4 stocks at the moment that really stick out to you? Thanks.

VT and chill

I’m starting to tilt more to VTI and chill.

 

[Todem]

Trade size feels like retail panic. Todem?

Oh yeah...this retail panic.

VXX was up 135% at the open.......this is a rare day.

Take advantage for the long term.

"Take advantage".... let's say there's $2k sitting in cash that wants to be utilized. I've read through many of the posts with your top reco's and such, but are there 3-4 stocks at the moment that really stick out to you? Thanks.

Buy ADX for the long term.

You will own a really well diversified Large Cap Growth portfolio thru that closed end fund.

Top 10 holdings in order are:

MSFT
APPL
NVDA
AMZN
GOOGL
META
JPM
LLY
PEO
V

This represents 41% of the net asset value of this fund.

This fund is a machine and has been around over 100 years.


Just buy this.