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CNBC Special Tonight: ‘Return of the Retail Trader’

Posted on 8/12/22 at 3:43 pm
Posted by Hussss
Living the Dream
Member since Oct 2016
6744 posts
Posted on 8/12/22 at 3:43 pm
Does THIS get anyone else’s antennas up?!?
Posted by LSUcam7
FL
Member since Sep 2016
7906 posts
Posted on 8/12/22 at 3:47 pm to
WEBR trade didn’t work out?
Posted by Hussss
Living the Dream
Member since Oct 2016
6744 posts
Posted on 8/12/22 at 3:48 pm to
Hell yeah it did
Posted by LSUcam7
FL
Member since Sep 2016
7906 posts
Posted on 8/12/22 at 3:49 pm to
Posted by Hussss
Living the Dream
Member since Oct 2016
6744 posts
Posted on 8/12/22 at 3:51 pm to
20k purchased @ $6.77 and sold @ $7.27
Posted by LSUcam7
FL
Member since Sep 2016
7906 posts
Posted on 8/12/22 at 3:57 pm to
Good shite. Doesn’t feel like this rally has much steam left.
Posted by FLObserver
Jacksonville
Member since Nov 2005
14468 posts
Posted on 8/12/22 at 4:00 pm to
quote:

Good shite. Doesn’t feel like this rally has much steam left.

Heard the same thing two weeks ago.
Agree though sideways for a week or two with a few small dips would be nice.
Posted by Hussss
Living the Dream
Member since Oct 2016
6744 posts
Posted on 8/12/22 at 4:00 pm to
Well next week is Op Ex so we should see some wild swings come back.

Volatility instruments are up in aftermarket.

VIX futures expire Wed. a.m. 15 mins before market open so August will fall off and vol products will only be holding Sept., Oct. futures in them.
Posted by LSUcam7
FL
Member since Sep 2016
7906 posts
Posted on 8/12/22 at 4:09 pm to
This has been a very nice recovery off the lows. Clockwork bear market rally.

However the market does a great job at proving the masses wrong. If you’re a bear, you’re consensus right now.
Posted by FLObserver
Jacksonville
Member since Nov 2005
14468 posts
Posted on 8/12/22 at 5:38 pm to
I think the next few weeks will depend on Oil prices to be honest. We drop into the low 80's rally continues for a little while longer if goes back over 100 believe the dip starts again.
Posted by Jag_Warrior
Virginia
Member since May 2015
4106 posts
Posted on 8/12/22 at 5:50 pm to
quote:

Agree though sideways for a week or two with a few small dips would be nice.


I tend to agree. Given the relatively low VIX level and the fact that the market may have gotten a bit ahead of itself short term, I’m going from net bullish options trades to a more neutral/bearish skew.

With earnings season largely behind us and IV now down, the “easy” money may be over for a little while.
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21057 posts
Posted on 8/12/22 at 5:51 pm to
will be interesting to see because this sub-20 VIX makes very little sense to me other than general market complacency in the slowest trading season

I mean, rally or no rally volume is pathetic across the board
Posted by TigerDeBaiter
Member since Dec 2010
10266 posts
Posted on 8/12/22 at 6:02 pm to
Too many were positioned bearish. It was too obvious. Which is the only reason we’re seeing this low volume melt up. The market is like bane sometimes. But your body is your bank account.
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21057 posts
Posted on 8/12/22 at 6:09 pm to
GFC (more or less begins at death cross)



Current (death cross good place to start)

This post was edited on 8/12/22 at 6:12 pm
Posted by TigerDeBaiter
Member since Dec 2010
10266 posts
Posted on 8/12/22 at 6:12 pm to
I agree it’s coming, but when everyone is positioned bearish you usually don’t get total bearish action. Got to flip some people first.
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21057 posts
Posted on 8/12/22 at 6:21 pm to
as I like to say "zoom out"

macro cycle way bigger than a couple weeks of up action, hence why I try not to day trade and just invest in cycles
Posted by slackster
Houston
Member since Mar 2009
84896 posts
Posted on 8/12/22 at 7:34 pm to
Everyone’s desire to compare this to 2008-09 with their charts is ridiculous fear mongering IMO.
Posted by LSUcam7
FL
Member since Sep 2016
7906 posts
Posted on 8/12/22 at 7:44 pm to
quote:

when everyone is positioned bearish


There’s what they say about how they feel about their money and then what they do with their money.

So far I don’t believe there’s been any clearly obvious capitulation signals in stocks.
This post was edited on 8/12/22 at 7:46 pm
Posted by donRANDOMnumbers
Hub City
Member since Nov 2006
16908 posts
Posted on 8/12/22 at 8:41 pm to
you saying we are still in the downtrend?
Posted by TigerDeBaiter
Member since Dec 2010
10266 posts
Posted on 8/12/22 at 8:54 pm to
quote:

There’s what they say about how they feel about their money and then what they do with their money.

So far I don’t believe there’s been any clearly obvious capitulation signals in stocks.


That kind of the point. Majority were positioned one way bearish - with puts or sidelined cash. And because of that, there’s wasn’t a ton of bearish action after rate hike number 1 or the obvious recession (technical). Now that the idiots have been lulled back to sleep and jump back in, next leg down will commence. You can tell by the absolute trash that is rallying right now that it’s not real. Maybe I’m wrong, but this rally just smells like a stubborn one driven by short covering and low volume melt.
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