Fills

[bpcw]

AMD & Nvidia as hoping this is an overreaction.

[SOL]

I took a risk and bought some WOLF, I thought I jumped in too fast when it dropped below, but then it suddenly reversed course and is holding up surprisingly well. Not quite sure why it reversed so rapidly and its held onto the gains even as the market dropped lower.

[Yodean]

Any one buying today on droops of Dow -883 and nasdq -485 and if so what?

Added to gold, silver LEAPS.

Sold puts on NET, QCOM, Google, TQQQ, FXI, TMF, URNM. Added a bit of BITO, AMD, MU, NVDA (some LEAPS, some shares).

Closed a bunch of SCC plays.

Think I'm mostly done for the day, apart from watching the last hour of trading.

In the futures market, there's an interesting divergence developing atm - almost everything is red, apart from USD (expected) and lumber (unexpected).

The lumber:gold ratio has popped above 0.30 for a few days now - I use it as a "risk on" vs. "risk off" rough indicator, and it's been below 0.30 until this week. Dunno if it'll stay above 0.30, but on a day like today, would have expected it to drop below 0.30. Will see what weekly close will be for this indicator.

Last week's COT data showed commercials continue to be heavily long lumber.

[chippermon]

ASAN
AMD
MSFT
TQQQ
QCOM

[PuppBaby]

Added to AMD and opened Call position on QCOM.

Sold ASAN calls for a hefty gain of 500% yesterday. Will look to buy in some more should it dip below $25 again.

[Yodean]

Sold ASAN calls for a hefty gain of 500% yesterday. Will look to buy in some more should it dip below $25 again.

Congrats - impressive.

[deep1nSand]

What are your thoughts about today's market action & the CPI print - is this the start of the October crash? Or do we still think the thrust action will resume before and market will rally before the big leg down?

[LoriPrecisely]

I wish I would have sold yesterday and bought today!!

[LoriPrecisely]

What are your thoughts about today's market action & the CPI print - is this the start of the October crash? Or do we still think the thrust action will resume before and market will rally before the big leg down?

Following is Sol's response to kcun333's question in the Interim Update conversation:
Re: Interim Update Sept 9, 2022
Post Mon Sep 12, 2022 1:25 pm
kcun333 wrote: ↑The September 11 market update confuses me. If the market is now past the “thrust” phase, why then is the Nasdaq below what it was during the “push” phase?

SOL: Don't confuse momentum with Price. They are two different actions. The momentum is back, so if nothing changes (unforeseen event), then price action should follow, and the highs set in August should be challenged or taken out.

[deep1nSand]

SOL: Don't confuse momentum with Price. They are two different actions. The momentum is back, so if nothing changes (unforeseen event), then price action should follow, and the highs set in August should be challenged or taken out.

Well, this is exactly what confused me…the intensity of sell-off tells me that the momentum has turned today, but I am sure it is not that simple and there is more to the calculation of momentum than just a days data. Hopefully Sol can clarify.

[Yodean]

Well, this is exactly what confused me…the intensity of sell-off tells me that the momentum has turned today, but I am sure it is not that simple and there is more to the calculation of momentum than just a days data. Hopefully Sol can clarify.

One cannot profit by following a prophet.

Treat all financial forecasts, no matter how precise or confident-sounding, or how nice a particular sequence of future events is depicted graphically, as simply a conceptual fabrication of one possibility - among many others not shown.

How many times has the weather forecast been wrong? And weather forecasting is at least based on some decent science (so I am told), while financial forecasting is not.

The future is ultimately unknowable. Or if someone can decipher the future accurately with any consistency, you can be pretty darn sure she/he/it/they won't be telling it to you. Maybe to zee Rothschilds.

With that said, BTFD! Nfa.

This is not the end, but neither is it the beginning. Perhaps it is the end of the beginning.

[Centeron631]

bought today Nvda and cnq (canadian natural resources) latter on the Tsx but also listed in usa

[Do-or-Die]

Well, this is exactly what confused me…the intensity of sell-off tells me that the momentum has turned today, but I am sure it is not that simple and there is more to the calculation of momentum than just a days data. Hopefully Sol can clarify.

One cannot profit by following a prophet.

Treat all financial forecasts, no matter how precise or confident-sounding, or how nice a particular sequence of future events is depicted graphically, as simply a conceptual fabrication of one possibility - among many others not shown.

How many times has the weather forecast been wrong? And weather forecasting is at least based on some decent science (so I am told), while financial forecasting is not.

The future is ultimately unknowable. Or if someone can decipher the future accurately with any consistency, you can be pretty darn sure she/he/it/they won't be telling it to you. Maybe to zee Rothschilds.

With that said, BTFD! Nfa.

This is not the end, but neither is it the beginning. Perhaps it is the end of the beginning.

Anyone calling themselves a Prophet or Guru should be avoided like the plague at least when it comes to the financial markets. Thankfully Team TI does not follow that path.

However, we are in really in extreme times. If you just step back and look at what has happened since 2020, its almost surreal. We are well past 1984. This is a corporate state, which is worse than a pure police state. The corporations are out to make a buck and they don't care how it's done and now they have the police in their pockets

In regards to the markets I have been looking at both the 1973 to 1974 timelines and 2008-2009, after SOL mentioned them. I will have to spend more time sifting through secondary data, but it seems that the 70's trajectory is likelier as there was a war issue then, inflation and rates were rising.

If I was not in this show, I would have never managed to imagine how the world or at least the west fell Apart after COVID. I thought COVID was bad, but the current situation is a shit show of unparalleled proportions

[Do-or-Die]

Forgot to add I picked up some GOOGL, QCOM, NET, WOLF, GFS and a little bit of TQQQ

[deepthinker]

My approach is to incorporate what Sol and team project into my own analysis or views. When they said that the markets were expected to top Sept-Oct, I took the decision to use the rally in September to scale out of profitable positions. many of which showed gains because I aimed for even lower prices then were suggested by TI and in some case I deployed an extra lot. In some cases the profit was very small, but its still a profit. I also scaled back on some positions that were not showing that big of a loss and I intend to purchase these plays when there is another selling frenzy.

My next step after reading that a follow through rally is expected that will end sometime in Oct, is the following

I am going to gauge how much profit i have banked so far and then I will use that to close some positions that are down by a similar percentage. For example if banked 10% gains on Position A, then against that I might sell a position that is showing 10% or less in losses

On other losing positions, I will sell covered calls during the rally phase and purchase puts to minimize further downside. I used the first strategy before. However, the second strategy is something i picked up here

I have been through several crashes, and while the crash phase feels like shit, I concur with the view that you stand to make a lot more if you get into the right stocks during the crash or even hold onto good players during the crash phase.

Something I need to test is selling some of my stock and replacing them with in the money LEAPs