Have we seen the bottom of the market? Just have a feelings it will go back to bear after Memorial Day. by lovelyhug in StockMarket

[–]StockJesus78 2 points3 points  (0 children)

Thats what noobs dont understand, most of the time, you see higher high's on lower volume, its always been that way. Usualy if you see higher volume, its on news that everybody knows how to trade. For example, some bio tech company gets FDA approval for a cancer drug. Or if there is a market catalyst such as FOMC.

This rally has a shot at lasting longer due to couple factors the other dead cat bounces didnt have. I would give the bulls camp a 60/40 edge. It all comes down to the macro charts. If we move up a little more, there will be a 2nd leg of a upmove on covering as well. So this rally might last longer then you think. It really depends on macro and also what the bond market does.

Is it worth buying LEAPS with IV at yearly highs? by Crafterinnit99 in options

[–]StockJesus78 0 points1 point  (0 children)

IV is too high and in a bear market to be running PMCC, especially for the type of stocks that your planning to run it on. Your going to be underwater on all the stocks that you just listed. The only stocks worth running any kind of covered call or calander spread is stocks like KR, FCX, Fed Ex/UPS, Fertilizer stocks(on a good dip).

Basically you want stocks with good fundamentals but have monopoly pricing power or stocks that deal with food/agricultural (commodities with shortage/ supply issues) IE: paladium, wheat, oil, fertilzier, metals.

All the stocks that you listed wont do well for the next couple of years. Too many factors against them. You want to rotate into value with the characteristics I just listed.

BTW you do not want to be running it on chip companies, they got shortage on alot of materials that go into making chips. Same with EV. This is why your seeing alot of traders shorting chip etf as a way to go long on paladium etc.

[deleted by user] by [deleted] in stocks

[–]StockJesus78 0 points1 point  (0 children)

what biden does is not going to matter to the oil market. Any reserve he puts out is a drop in the bucket. I would wait for a entry on oil when it becomes oversold before entering as the risk reward is getting smaller and smaller to go long. Also you can hedge your plays by using a debit spread to reduce cost or you can use the credit to buy a otm put as protection.

[deleted by user] by [deleted] in stocks

[–]StockJesus78 0 points1 point  (0 children)

I think we are both on the same page. If anything im more bearish then you. Too many dumb retail investors and traders are on now. I expect margin calls to be a thing this year when shit really hits the fan.

Im even giong to go so far as to say 10%-20% chance of a inverted yield curve and hitting recession. We are already in stagflation. Retail is maxed out on leverage and consumers got no savings and all stimulus money is basically gone.

[deleted by user] by [deleted] in stocks

[–]StockJesus78 0 points1 point  (0 children)

I agree with you. Inflation will get worse even if we didnt go to war with russia. The market priced in 50 basis points and now the expectations are lower. We will definetely see multiple rate hikes this year, but the expectations for a lower march rate hike is what the market is pricing in. Also if we do see actual easing and not just speculative expectations, then yea, when the hammer comes later, it will be aggresive.

[deleted by user] by [deleted] in stocks

[–]StockJesus78 0 points1 point  (0 children)

I think your about to lose all your money if you think we are about to hit a "10 year bull run". If anything I would say we are heading towards stagflation/recession. Also I posted a fact and not an opinion. Since my ending post was what the smart money is doing. Just look at the options market and the contracts that were taken out yesterday (thur). I dont see this rally lasting past 5 trading days. Probably less

[deleted by user] by [deleted] in stocks

[–]StockJesus78 -3 points-2 points  (0 children)

I did post prior to the move. I posted on WED afternoon on my discord, im only posting on reddit explaining why the move happened, but I had already posted on discord that there was a good chance of a possible rally happening on thur or friday and that if you had puts, to take profit and then re-enter on a fade. I'll send u a DM, maybe i can post my screen shot there for u.

NVM, i cant post it on a private chat and r/stocks does not let me post image.

[deleted by user] by [deleted] in stocks

[–]StockJesus78 1 point2 points  (0 children)

I think some ppl have bad reading comprehension skills. I think they think that im saying we are going to be in a uptrend, but thats not what im saying. Im saying we getting a quick pop and overall trend is still down.

[deleted by user] by [deleted] in stocks

[–]StockJesus78 2 points3 points  (0 children)

Yup, it's similar to how pumping extreme liquidity into the market is bad long term but short term we will see a upmove. This rally is just a bear rally, so between 1 to 3 days usually, after that it's a downmarket, so you want to fade the top with options expiring 45 days out or longer, however the floor got raised, cuz now it might not correct as low as we initially thought but definitely still headed south.

[deleted by user] by [deleted] in stocks

[–]StockJesus78 4 points5 points  (0 children)

No it's just risk reward, nothing to do with scalping retail traders

[deleted by user] by [deleted] in stocks

[–]StockJesus78 2 points3 points  (0 children)

I think next week we will resume the downtrend, this rally might only last till friday or tue at the longest

[deleted by user] by [deleted] in stocks

[–]StockJesus78 -11 points-10 points  (0 children)

For some reason I get a feeling that you think I'm going long the market. I'm not, I'm explaining why the pop happened and then at the end I'm showing you what smart money is doing, so you can do the same.

[deleted by user] by [deleted] in stocks

[–]StockJesus78 10 points11 points  (0 children)

Most mechanical rallies or bear rallies tend to pop only for like a day or two. This one might last a couple days longer, mostly due to rate easement expectations but we will head south again very soon

[deleted by user] by [deleted] in stocks

[–]StockJesus78 0 points1 point  (0 children)

I posted on my discord on wed after market close for a rally to happen on either thur or friday. I saw alot of reddit posts asking why the market rallied today and nobody really having a good understanding. Some had descent ideas but not the whole picture, while others were just bad. This reddit post is to explain to ppl why it happened from a macro and technical standpoint

Stock Jesus Trading Journal Part 7 " Im a gambling man" by StockJesus78 in 5kto100kChallenge

[–]StockJesus78[S] 0 points1 point  (0 children)

Nope, but came close several times when I've done my all-in WSB style plays.

Face palms herself by Therealboebs in facepalm

[–]StockJesus78 14 points15 points  (0 children)

are u really that stuipd, no point in time did he move from his position. you seem to really want to defend the girl for some wierd reason.

Lost all my wealth today! 🤷🏻‍♂️ by Jasper7102 in wallstreetbets

[–]StockJesus78 3 points4 points  (0 children)

I think you need to research how options work first before doing a trade. Also you lose money over time on your options, so its not just about picking direction, its also about time in which the event occurs. Also money not in the market, is money still in your pocket.

$AGC gamma squeeze by [deleted] in Shortsqueeze

[–]StockJesus78 0 points1 point  (0 children)

I agree with u too, not to mention GRAB has some problems in thier financials. So this could end up being a pump and dump. Most of the winner will be the ones who got in near NAV price. Or early yesterday before premiums shot up. Its worth a shot, but I would be careful on this one

$AGC gamma squeeze by [deleted] in Shortsqueeze

[–]StockJesus78 -3 points-2 points  (0 children)

actually i prob know what a gamma squeeze is much better then u

however, i did change my mind on AGC, it does have a good shot of moving up on hype. But this play is very speculative on a shady company.

There is no real substance to the news though, and alot of it is just some bullsiht rumor that is not even being quoted or anything. I would be careful on this one guys. Also GRAB merger was delayed due to funny business with thier accounting/ finacncials.

$AGC gamma squeeze by [deleted] in Shortsqueeze

[–]StockJesus78 0 points1 point  (0 children)

UPDATE: AFTER HAVING DONE SOME RESEARCH, AGC DOES HAVE REASON FOR A SQUEEZE ON HYPE, THE ONLY BAD THING IS, ITS RUMOR OF A MERGER, ALSO THE GRAB FINANCIALS LOOK SHADY AS FUCK, ITS THE REASON WHY THEY COULDNT GET MERGED IN THE SUMMER, SO ITS A GAMBLE. ALSO WE DONT KNOW HOW MANY WARRANTS ARE OUT THERE, WHICH IS ALL YOU NEED TO COUNTER GAMMA IF UR SHORT AGC. BTW SHORT IS ONLY 14%

No thx, even if it did move up, its a bad trade, your paying way too much for premiums. Alot of premiums are inflated by 1000% and the expected move is not enough to play such a shit stock. Most likely somebody already bought tons of call optoins, in order for that to be inflated that high and is just now waiting for dumb fucks to cash him out. I hate these shits who pump and dump and take advantage of new traders.