Softy struggling with 265
FEAR of CONTAGION: Banking & Crypto possible intervention
Started by
dTraderB
, Mar 11 2023 03:13 PM
254 replies to this topic
#181
K Wave
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Posted 15 March 2023 - 01:51 PM
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#182
K Wave
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Posted 15 March 2023 - 02:02 PM
Latest in Credit Suisse saga
https://www.zerohedg...-investor-bails
Summary:
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Saudis fold - refuse to throw any more money at Credit Suisse
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Credit Suisse stock hits record low
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Credit Suisse 1Y CDS explodes as counterparty risk hedging soars
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Credit Suisse execs urged a "show of confidence" from the Swiss National Bank
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ECB quantifying exposures to Credit Suisse
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US Treasury monitoring situation, talking with other regulators
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Fed working with UST to quantify exposures
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One major govt is pressuring Swiss to intervene
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Systemic risk threat spreads globally
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Swiss authorities seeking to stabilize bank
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#183
K Wave
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Posted 15 March 2023 - 02:51 PM
Gotta luv the criminals..hold Apple up until the very last minute....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#184
K Wave
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Posted 15 March 2023 - 02:54 PM
That little H&S at the 5 min line now likely for ALL the marbles on Naz Comp...see what tomorrow brings....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#185
K Wave
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Posted 15 March 2023 - 02:58 PM
Bulls still held THE LINE on the drop....see what the might moves bring....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#186
K Wave
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Posted 15 March 2023 - 03:00 PM
pivot line looking pretty crystal clear on Apple now...bulls still with VST ball at the close....
tomorrow likely hinges on the overnight action now...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#187
K Wave
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Posted 15 March 2023 - 04:16 PM
CS update
The Swiss National Bank SNB and the Swiss Financial Market Supervisory Authority FINMA assert that the problems of certain banks in the USA do not pose a direct risk of contagion for the Swiss financial markets. The strict capital and liquidity requirements applicable to Swiss financial institutions ensure their stability. Credit Suisse meets the capital and liquidity requirements imposed on systemically important banks. If necessary, the SNB will provide CS with liquidity.
Just gives you the warm fuzzies, doesn't it?
Sure, Credit Suisse is perfectly viable, that's why the stock is a 2 buck chuck, and nobody wants anything to do with it.
They really DO think you're stupid....
https://www.zerohedg...-investor-bails
Did mange to a get bit of a bounce out of the stock though....a decision those buyers will likely regret soon enough.
Edited by K Wave, 15 March 2023 - 04:17 PM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#188
SteveB
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Posted 15 March 2023 - 07:31 PM
K Wave I appreciate your posts and insight here. I agree AAPL is the big bull apple and if it drops then NDX is burnt toast. Right now I see a double top on the daily and a MACD back test.
#189
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Posted 15 March 2023 - 10:33 PM
Latest CS...see how market reacts
https://www.zerohedg...-investor-bails
Update (21:00ET): And so, the "bailout" arrives just a few hours before the Europe open, Credit Suisse said it’s planning to borrow from the Swiss National Bank up to CHF50 billion ($54 billion) under a covered loan facility which is "fully collateralized by high quality assets". It wasn't immediately clear what high quality assets CS has left to pledge but in a time of BTFP, we are confident they found something.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#190
dTraderB
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Posted 16 March 2023 - 07:15 AM
Great MARCH 2023 enters final 2 weeks, most active trading for me during previous 10 days.
Will close LONGS to get to Flat Or slightly NET LONG
Adam Mancini (@AdamMancini4) tweeted at 8:11 AM on Thu, Mar 16, 2023:
Day #4 of rangebound chop in #ES_F between ~3960 & 3885. Setting up the next multi-day trend. Targets late day yesterday were 3935 then 3955 and saw 3948 overnight
Plan today: 3910, 3895-3900=supports. Bounce zone to 3935, 3955+. Next leg down starts only if 3880-85 fails
Will close LONGS to get to Flat Or slightly NET LONG
Adam Mancini (@AdamMancini4) tweeted at 8:11 AM on Thu, Mar 16, 2023:
Day #4 of rangebound chop in #ES_F between ~3960 & 3885. Setting up the next multi-day trend. Targets late day yesterday were 3935 then 3955 and saw 3948 overnight
Plan today: 3910, 3895-3900=supports. Bounce zone to 3935, 3955+. Next leg down starts only if 3880-85 fails
