Bed Bath and Beyond has a lot of problems. Distressed to say the least. However, the stock may spike soon. It tends to settle back in risk off and then spike risk on.
Weekly
SC, I think you may be onto something. I remember when everyone was expecting Bear Stearns failure and Lehman’s came out of nowhere. Everyone expects Credit Suisse to fall but could very well be Barclays out from left field.
sc, Looks like a sell into 10/10 to 10/11--we moved way to fast way too far-quickly --lets see what tomorrows number brings --they will move the markets after that probably long?
With earnings out of the way today, may be a good setup here in BBBY.
ReplyDeleteTook profits BBBY $6.35.
ReplyDeleteXBI canary for mid term push in Oct, bearishness incredibly high, great time for short rally and then down
ReplyDeletesc,
ReplyDeleteUVXY -looks like a buy here?
If FED pivots then UVXY looks like a sell here.
ReplyDeleteselling labu --calls---thank you!
ReplyDeleteSC,
ReplyDeleteStill long UVIX?
No I had sold breakeven but I still think it will ready soon
Deletetook your advice yesterday --sold small profit--waiting!
ReplyDeleteBought CCL $7.67.
ReplyDeleteAlso bought Oct 21 $9 CCL Calls
DeleteRather than BBBY I decided to go with CCL instead. It looks stronger!
ReplyDeleteI was looking for a fun stock to trade "risk on" and "risk off". Highly levered. CCL looks like my pick...
DeleteI'm not counting out October volatility either. I think SPX may put in a high as soon as Friday. I may be back into UVIX soon.
ReplyDeleteMarket is unstable in my opinion.
I would say so but this is the month for mid term cycle turn up....next 3 months most bullish of year
Deleteto your point, when you see this on the pound, then all lots of cross trades, derivatives and dark pools open up black flag possibilities.
https://i.postimg.cc/g0wGBGRf/weekly-pound-dollar-cross.png
https://i.postimg.cc/g0wGBGRf/weekly-pound-dollar-cross.png
What I see is that we are likely entering a period of whipsaws. Over time this can be bullish. But bulls and bears are in for a ride.
DeleteTook profit CCL $7.79.
ReplyDeleteTomorrow may be a bad day. Took profits and will reenter
ReplyDeleteAlso I stated 6 months or so ago that a major bank was about to fail. My pick was not Credit Suisse but rather Barclay's...
ReplyDeleteThe subsequent death of the Queen and drop in the Pound are doing little to change my mind...
ReplyDeleteSC,
ReplyDeleteI think you may be onto something. I remember when everyone was expecting Bear Stearns failure and Lehman’s came out of nowhere. Everyone expects Credit Suisse to fall but could very well be Barclays out from left field.
Banks do tend to unravel rather quickly so let's see.
DeleteBought CCL $7.48.
ReplyDeleteDown day as anticipated today. I expect markets to rally into Friday.
ReplyDeleteSPX still weak. So likely setting up for rally next week.
ReplyDeletesc,
ReplyDeleteLooks like a sell into 10/10 to 10/11--we moved way to fast way too far-quickly --lets see what tomorrows number brings --they will move the markets after that probably long?
sc,
ReplyDeletelooks like new lows --end of the month could be ugly!
DRV 125 Target SRS 35 IYR 64
ReplyDeleteI think you are correct. Are you short iyr?
Deletesc,
ReplyDeletelooking at uvxy--staring to move--???
Yes
DeleteAny thoughts on SOXL? It's been cut more than 30% in 2 days. Worse than any other ETF.
ReplyDeleteNoticed that also. Guess the chip shortage is over haha
DeleteSPX just sitting at 200 weekly. Looks like it may want to test below
ReplyDeleteAlright now I see exactly what is going on!
ReplyDeleteWhat???
DeleteVolatility chart coming.
DeleteBuying may calls 2023--on Soxl --cheap --can't go wrong at this level!
ReplyDeleteNotice UVIX starting to lift.
ReplyDeleteNew chart posted!
ReplyDelete