SPYvsGME

SPYvsGME Updated 

There has been such demand destruction of bitcoin over the past several months it's clear to see how it effects equities like Nvidia. To explain. High bitcoin prices drive demand for miners. more miners results in higher sales for NVDA. The reverse is also true. Lower bitcoin prices decreases demand for miners, thus lowering sales for NVDA. My idea for NVDA...

SPYvsGME

————————— ME: I would ask you to sit down, but you’re not going to anyway. ME: And don’t worry about the stock market. YOU: What stock market? BOOM. ME: That stock market. YOU: How did you Know. ME: Ohh, Whats really going to bake your noodle later on is… would you still have broken it if I hadn’t said anything…. ———————————— If you read any...

SPYvsGME

This idea is to emphasize the risks sticky inflation will have on the world economy. The idea is my own interpretation of Cem Karsan warning on Aug 18th. In the 9 minute interview with TD, Cem warned everyone of the recent decline to the Day of. 19th. He also used the words "Time to be cautious" nearly 10-15 times in a 9 min interview that was...

SPYvsGME Updated 

My first impression of the Cybertruck was that it was a homer car. After awhile though, the design grows on you. I can't say I like the logo very much, but its a work in progress. I'll come up with some fun variations of it. What are your thoughts on Cybertruck? I'm a big fan of the new F150 Lightning. Cybertruck feels like a novelty vehicle more than a...

SPYvsGME Updated 

Here I've gone into the options calculator and got the 1% difference in delta for the Hedges I write about. For this hedge (JHQTX) The delta at strikes are as follows: SPX goes down 1% 4030 - 0.0616 3990 - 0.17 Dealer Needs to Sell 0.108 of delta To calculate how much that is for this strategy. Delta * Price * 100 shares * # of Contracts 0.108 * 4030 * 100 *...

SPYvsGME

Created a better logo for TSLA ideas. TSLA sits trendless like a lot of other mega caps. Bull run was quashed by Jerome Powells hawkish stance at Jackson Hole. Now TSLA dangles below support ready for a retest of the Ascending Triangle I put out a few weeks ago. The previous cup and handle is no bueno. Here I presented a rally after the split. Not in...

SPYvsGME

I was bearish on NVDA through earnings because of a couple signals I was monitoring. 1) large head and shoulders (or double top) formed on hourly. 2) Smaller head and shoulder on the 15m played through to the 162% just before earnings. 3) I charted my reasons for being short NVDA. Bitcoin dropped from 48k to 20k since Jan. Less Miners = Less Demand for Video...

SPYvsGME

In last weeks chart I discussed 3 possible directions for AMZN. Jerome Powell was very hawkish at Jackson Hole and the markets priced in a 75BP (risk off) hike in rates as opposed to the 50BP (risk on) that bulls were hoping for. The result. New Level Lower. Again, not a strong level to of support where AMZN now consolidates. If you read my previous...

SPYvsGME

When my friends and family ask me what I do charting crypto. This is what I look like explaining my theories to them. Check out the Wyckoff Distribution Timeline below if you're interested. I Had to repost. thanks all who liked and commented on the first one.

SPYvsGME Updated 

JHEQX - 17 Billion Fund - Delta Hedging Flows Today, I’m breaking down the hedging flows of the JHEQX strategy I have been following. The idea is simple. Large fund means you know the dealers position on the trade. Since they remain delta neutral, one can anticipate if the dealer will be buying or selling delta as the price moves up or down. POSITIVE GAMMA...

SPYvsGME

This was me last night after I read a comment from a reader that corrected my Wyckoff Distribution Patterns ideas. Right after Jerome Powell did his Daniel Day-Lewis impression

SPYvsGME

This is an updated idea from the one last night. This idea aims to smooth out some of the points in the phases with new labels minus my consumption induced ramblings. PHASE A - ACCUMULATION ---------------------------------- PSY - Preliminary Supply The first peak is the Preliminary Supply or PSY, which is where some retail traders start to sell BC -...

SPYvsGME

You have got to be Wyckoffin kidding me. I felt like Daniel in the Stargate movie when he solved the activation. I was going through some old charts looking for ideas and how charts followed through and this one comment blew my mind. While I was studying Wyckoff theories and created my first chart for bitcoin. I noticed patterns in markets, crypto and other...

SPYvsGME

Listening to Jerome Powell speech this morning reminded me of the "I drink your milkshake scene" in There will be Blood. For anyone that has not seen the movie or read the book I suggest doing so. You won’t be disappointed. To summarize, the main antagonist Plainview (Jerome Powell) gives Eli (Global Liquidity) false hope before pulling the Rug. Here is Jerome...

SPYvsGME

Will history repeat itself? Is it time to call Ben Rickert, Jared and Vinny. What would those guys think about it? Any other time the houses supply was this high it was considered a recession. I know what you’re thinking. Defaults are what caused the GFC. Loan Defaults? Delinquency rate bubbles are a result of higher interest rates and tight monetary...

SPYvsGME

It seems VANNA/CHARM are back from vacation! Hedges are likely piling in as Jackson Hole approaches. Lots of reflexive moves this week while the markets are standing on eggshells waiting for Powell. You know the routine! I doubt any direction will come until CPI on Sept 13. Until then. Chop Chop, Maybe a little Drop.

SPYvsGME

Short term, end of September I think TSLA tests low 800s. The last 2 Summers through Sept have been bullish for TSLA up 35% in 2021, and 158% in 2020. TSLA sits at 45% positive since May 24th. With all this freed up stimulus money, little Timmy might be able to afford his first Tesla or the shares at low low new price of $297! Just think, $420.69 is within...

SPYvsGME

The previous Ascending Triangle Pattern was bang on target. The triangles base support is now the Resistance. The price has no Trend. Zoom Out to find bigger patterns or trends. Short squeezed, a lot of stocks opened on an island. After rejecting 200 MA tech is sitting perched with only a gap down or up. Inflation and rising Energy costs are...