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FEAR of CONTAGION: Banking & Crypto possible intervention


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#241 dTraderB

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Posted 16 March 2023 - 06:21 PM

Schwab Clients Pull $8.8 Billion From Prime Funds in Three Days

#242 dTraderB

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Posted 17 March 2023 - 07:56 AM

BANKING CONTAGION FEARS NOT SUBSIDING...
SVB swallowed several billions then filed for bankruptcy.
Could be a FRIDAY PLUNGE

I will start reopening LONG positions below ES 3930 if traded.

#243 dTraderB

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Posted 17 March 2023 - 08:00 AM

A large chunk of FED's hundreds of BILLIONS "QE" usually goes into buying TECH STOCKS, hence TECH SURGE yesterday after FED'S 300 BILLION funds lent to Banks Via FED WINDOW

$MOVE index near 2008 highs. Watch yields here - Yields I believe are about to spike much higher.
 

Something happening.... Twitter buzzing with MOVE movement

"The Bond Market Volatility Index $MOVE (black) has reached its highest level since 2009.

Usually, high volatility in bonds doesn't bode well for risk assets. So, will the $VIX (red) pick up higher?"


 

Rates are rocketing up, why?

 
So would semi stocks go ballistic?


#244 dTraderB

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Posted 17 March 2023 - 08:03 AM

Almost imposdible for FED to hike in the midst of BANKING CRISIS in progress.
SVB FILED FOR Bankruptcy this morning
Shates of CS, FIRST REPUBLIC DOWN AGAIN
FED already lent 300 BILLION in a few days-- large chunk went into TECH STOCKS!

Back to  80% for 0.25% hike on March 22, and 60% for another 0.25% in May



#245 linrom1

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Posted 17 March 2023 - 08:13 AM

Time to GTFO. Powell will raise rates.



#246 linrom1

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Posted 17 March 2023 - 08:34 AM

Humor for the day: Buy bitcoin, NVDA and QQQs. It's all going to end well.



#247 K Wave

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Posted 17 March 2023 - 10:13 AM

Stick save prevention pivot at SP 3960 still held by bears thus far.

 

Watch Rusty here...a close under the December low likely real no bueno, especially if Apple fails to hold the breakout over 153.

 

For bulls...need Apple to hold up, SP to climb over 3960, and Rusty over 1760..

 

Enjoy the show!


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#248 K Wave

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Posted 17 March 2023 - 10:21 AM

Almost imposdible for FED to hike in the midst of BANKING CRISIS in progress.
SVB FILED FOR Bankruptcy this morning
Shates of CS, FIRST REPUBLIC DOWN AGAIN
FED already lent 300 BILLION in a few days-- large chunk went into TECH STOCKS!
 

Back to  80% for 0.25% hike on March 22, and 60% for another 0.25% in May

 

There is almost nothing going up anymore, and tons of stuff has actually crashed since last March/April

And the few things are still barely rising, are likely to start rolling over real soon...shelter being the biggie.

 

I have no idea why these clowns do not allow a bit of time between hikes to see how things area faring....

 

Maybe they are crashing it all intentionally.....or they really are that stupid.

 

either way, no bueno at all....

 

YOY CRB.....already DOWN big YOY, and it is just getting warmed up on the downside...

 


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#249 K Wave

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Posted 17 March 2023 - 11:33 AM

This turn attempt here on SPX could be for all the short term (and possibly longer) marbles 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

 

 


#250 dTraderB

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Posted 17 March 2023 - 01:01 PM

Unless FED or anyone else reassures this market, it will drop to at least ES 3700 BY NEXT TUESDAY

This turn attempt here on SPX could be for all the short term (and possibly longer) marbles now....