168 replies to this topic

[dTraderB]

This week?
OPEX weeks are volatile but that will be huge...my FF is max ES 4580 then decline resumes to below 4400

I'm getting SPX 4635/36 minimum by Thursday. Wednesday 4616/17

[dTraderB]

I will NOT SHORT at current levels... maybe start above 4550...last 2 days of OPEX WEEK can be bullish. May SHORT later this week.

Michael Burry Stock Tracker (@burrytracker) posted at 9:46 PM on Mon, Aug 14, 2023:
BREAKING :

Michael Burry just shorted the market with $1.6B

Bought $890M of $SPY Puts
Bought $740M of $QQQ Puts

This now makes up 93% of his entire portfolio

Look out below. https://t.co/jiOEYxpVra
(https://twitter.com/...7526759424?s=03)

[dTraderB]

Hanging around -100 for a few days
Plunge to -200 & reversal, OR rally above zero, will convince me to go LONG

https://www.mcoscill...t_breadth_data/

[dTraderB]

This is good, all major indices, several indicators for each: 

https://www.marketin...llan-oscillator

 

Hanging around -100 for a few days
Plunge to -200 & reversal, OR rally above zero, will convince me to go LONG

https://www.mcoscill...t_breadth_data/

[dTraderB]

Currency woes:
"After another disappointing reading for industrial production and retail sales this month, China's central bank scrambled to cut 1-year lending rates by 15 basis points to 2.50% - the second cut in policy rates in three months - and sent the yuan sliding to 2023 lows against the dollar.
Despite news of forecast-beating accelerating growth in Japan in the second quarter, the yen skidded to its lowest in 10 months on Tuesday alongside the yuan slide.

Elsewhere in the so-called BRICS emerging economies - the grouping of Brazil, Russia, India, China and South Africa - the dollar was also in command.

Isolated economically and financially from the West for over a year after its invasion of Ukraine, Russia raced to shore up its plummeting rouble on Tuesday with an emergency interest rate hike of 3.5 percentage points to 12% - with only modest success so far.

Jarred by the surprise emergence of a far-right presidential candidate in Argentina's primary elections - who has an agenda to dollarize the hyperinflation-dogged economy - the peso was devalued again on Monday. Argentina's incumbent government wants to join the BRICS grouping too.

And even India's rupee was on the slide to a 10-month low..." -- REUTERS

[linrom1]

I will NOT SHORT at current levels... maybe start above 4550...last 2 days of OPEX WEEK can be bullish. May SHORT later this week.

Michael Burry Stock Tracker (@burrytracker) posted at 9:46 PM on Mon, Aug 14, 2023:
BREAKING :

Michael Burry just shorted the market with $1.6B

Bought $890M of $SPY Puts
Bought $740M of $QQQ Puts

This now makes up 93% of his entire portfolio

Look out below. https://t.co/jiOEYxpVra
(https://twitter.com/...7526759424?s=03)

3.3million views on position that was from June 30 and is misleading becasue that's notional value. He didn't short $1.6 billion and he was also hedged with N225,

[linrom1]

If we get SSE at 3k, that would be great entry, probably won't happen and could take off now.

[dTraderB]

ES FUTURES DROPPING, the weekly low could be made today, setting up the OPEX RALLY ON THURSDAY & FRIDAY.
However, this is an unusual week because of the weak Chinese economy & markets.

[linrom1]

 

I will NOT SHORT at current levels... maybe start above 4550...last 2 days of OPEX WEEK can be bullish. May SHORT later this week.

Michael Burry Stock Tracker (@burrytracker) posted at 9:46 PM on Mon, Aug 14, 2023:
BREAKING :

Michael Burry just shorted the market with $1.6B

Bought $890M of $SPY Puts
Bought $740M of $QQQ Puts

This now makes up 93% of his entire portfolio

Look out below. https://t.co/jiOEYxpVra
(https://twitter.com/...7526759424?s=03)

3.3million views on position that was from June 30 and is misleading becasue that's notional value. He didn't short $1.6 billion and he was also hedged with N225,

 

He lost money anyway.

[12SPX]

Isn't this fun, everyones all bullish but as I said yesterday and at the start of this expiration cycle, its likely to be down and bond yields are affecting stocks and that seems to be the case this morning with the turn around.  Thought I was going to wake up to the market still up but it helped bring my average short to 4505 so this is a nice surprise lol!!  Profit stop 4485!