241 replies to this topic

[dTraderB]

Bank/Govt cavalry raked in BILLIONS when they stormed in & destroyed the REGIONAL-BANKS SHORTSELLERS.
That's it for the Regional Bank crisis for a week or more... until the Big Banks themselves short the Regionals, reap billions in profits, and get paid even more to "buy" & absorb the failed regionals.

[redfoliage2]

a mean reversion or a bull trap?

Edited by redfoliage2, 05 May 2023 - 10:08 AM.

[dTraderB]

VIOLENT RUG-PULL on this rally later today or next week.

[dTraderB]

I agree with this... but still think it is too early to go LONG on KRE. Small loss pn the KRE CALLS I closed. I may start a new KRE CALL position next week if situation with PACWEST & WESTERN ALLIANCE improves.

Mark Newton CMT (@MarkNewtonCMT) tweeted at 0:20 PM on Fri, May 05, 2023:

Today's reversal is important for #Banks and coincides with a S/T cycle that ive been tracking- This also coincides with DAILY AND Weekly DeMark exhaustion for $KRE

[12SPX]

Putting on my profit stop at 4134 and was taken out so starting my new short build at 4135...

[12SPX]

And just like that, average short 4140 now, lets go 4150 again lol!! 

[redfoliage2]

This likely added the fuel for today's rally:

https://www.traders-...emergency-over/

[12SPX]

Getting fun, average short 4145.....

[12SPX]

This likely added the fuel for today's rally:

https://www.traders-...emergency-over/

Not a chance lol, been done for a year!! 

[redfoliage2]

 

This likely added the fuel for today's rally:

https://www.traders-...emergency-over/

Not a chance lol, been done for a year!! 

 

Doesn't matter as a market just needs anything to hype on or it's a dead market .................

Edited by redfoliage2, 05 May 2023 - 01:46 PM.