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09/04/2020 Live Update

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Al_Dente
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Re: 09/04/2020 Live Update

Post by Al_Dente »

CONFIRMED it was indeed SoftBank who was the call-buying GORILLA [zh, FT, WSJ]
...
Last edited by Al_Dente on Fri Sep 04, 2020 12:44 pm, edited 1 time in total.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 09/04/2020 Live Update

Post by Al_Dente »

Ratbastrd wrote:Hey guy's,
Open positions:
short aapl @ 130
short tsla @ 426
long ethe @54.13

Long time lurker, with a thought to share.
For seemingly being intelligent guy's, the ZH crew often write really stupid articles. If Softbank is in fact the whale, using sophisticated options strategies to push the market higher, doesn't it seem reasonable to also assume they understand the implications of said strategy including "Gamma triggers" and would have managed the position accordingly? In fact, I would go so far as to speculate that a) If SB is the whale, and did use massive options plays to push markets to the extreme. That b) They would have also had an exit strategy, which in fact might be the "real" strategy, which was to pull the rug at a certain point, or let the positions fall off, and let the accumulated hedging positions (they) and the CTA's accumulated do the work for them. I'm willing to bet who ever was behind this is making more money on the downside and is smoking fat cigars and drinking expensive scotch, congratulating themselves on the latest market circus show.

https://www.zerohedge.com/markets/one-d ... sdaq-whale
Hi Rat: long time no see :D
Sorry, I posted my Softbank piece before I saw yours.
Yours is smarter, so I'll delete mine
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 09/04/2020 Live Update

Post by Al_Dente »

Even Jason over at SentimenTrader weighed in on Softbank
https://twitter.com/sentimentrader
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 09/04/2020 Live Update

Post by Cobra »

Not a strong breakout of EMA20 so bears may still have, say, 40% chances today.
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Ratbastrd
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Re: 09/04/2020 Live Update

Post by Ratbastrd »

Hi Rat: long time no see :D
Sorry, I posted my Softbank piece before I saw yours.
Yours is smarter, so I'll delete mine [Not sure about that but appreciate the thought]
_____________________________________________________

Howdy Pasta boss! I'm always around, paying attention to @Cobra and the rest of your input. This is one of the best technical forums on the web, you guy's rock!

Imagine, Cobra's thinking put your money where you mouth is right about now... :lol: Probably time I contributed.

Anyhow keep up the good work guy's. I'll try and post some charts along the way, and will look at a membership.

cheers,

Rat
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Al_Dente
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Re: 09/04/2020 Live Update

Post by Al_Dente »

Hi Rat:
Not sure if Cobra heard that so I'll amplify it:
""This is one of the best technical forums on the web, you guy's rock!""
also vote for Cobra; he likes that
https://stockcharts.com/public/1684859

and:
""Probably time I contributed.""
I agree :D :D
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 09/04/2020 Live Update

Post by Al_Dente »

It always seems unlikely just because we don't watch it much
but whenever there is a sizeable drop in equities, oil is involved somehow
https://www.reuters.com/article/us-glob ... SKBN25V02Q

And usually when i claw through the crap to find the names of the new lows... oils are there... just sayin'
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 09/04/2020 Live Update

Post by Cobra »

Al_Dente wrote:Hi Rat:
Not sure if Cobra heard that so I'll amplify it:
""This is one of the best technical forums on the web, you guy's rock!""
also vote for Cobra; he likes that
https://stockcharts.com/public/1684859

and:
""Probably time I contributed.""
I agree :D :D
Yes, thanks I just saw.

The web site had a little problem with private messages system so I've been pretty busy on that thing since morning. Still checking to wrap things up... On the member site, we have a new private messages system now which should be better than the previous one, at least this one notify you when you have an unread message. The private message is a must because we found more often than not the mails sent from cobrasmarketview.com end up in the spam folder.

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Cobra
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Re: 09/04/2020 Live Update

Post by Cobra »

Possible measured move up. By now it should be clear that bears were over. Much earlier I said they had only 40% chances. So far it's a typical "bear follow through" of a big down day: Sharp down in the morning then up and up till the close!
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Al_Dente
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Re: 09/04/2020 Live Update

Post by Al_Dente »

WEEK AT A GLANCE, early
94week glance.png.jpg
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Cobra
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Re: 09/04/2020 Live Update

Post by Cobra »


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Cobra
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Re: 09/04/2020 Live Update

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Cobra
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Re: 09/04/2020 Live Update

Post by Cobra »

Well, guess that's it for today. Here's what Tuesday looks like: https://stockcharts.com/public/1684859/ ... /533449374

Thank you guys, I'll see you in another thread soon.

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449374

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Cobra
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Re: 09/04/2020 Live Update

Post by Cobra »

Ratbastrd wrote:Hey guy's,

Open positions:
short aapl @ 130
short tsla @ 426
long ethe @54.13

Long time lurker, with a thought to share.

For seemingly being intelligent guy's, the ZH crew often write really stupid articles. If Softbank is in fact the whale, using sophisticated options strategies to push the market higher, doesn't it seem reasonable to also assume they understand the implications of said strategy including "Gamma triggers" and would have managed the position accordingly? In fact, I would go so far as to speculate that a) If SB is the whale, and did use massive options plays to push markets to the extreme. That b) They would have also had an exit strategy, which in fact might be the "real" strategy, which was to pull the rug at a certain point, or let the positions fall off, and let the accumulated hedging positions (they) and the CTA's accumulated do the work for them. I'm willing to bet who ever was behind this is making more money on the downside and is smoking fat cigars and drinking expensive scotch, congratulating themselves on the latest market circus show.

https://www.zerohedge.com/markets/one-d ... sdaq-whale
Agree. I believe they have plan behind. But if they do have plan then it means the market will go down sharply in the coming weeks. Well, even they don't have the plan, now big funds finally caught the big guy, they'll eat it up by pushing the market sharply down anyway.

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JFR
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Re: 09/04/2020 Live Update

Post by JFR »

SPY 5 minutes. Down 2.82 for the day. Riding the EMA 20.

2020-09-04_15-54-56.png
Charts posted are not recommendations. They are just a sharing of information.
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JFR
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Re: 09/04/2020 Live Update

Post by JFR »

SPY daily. Testing the EMA 20, sitting on the ledge.

2020-09-04_15-57-52.png
Charts posted are not recommendations. They are just a sharing of information.
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