11 Comments
User's avatar
trumpHELL666's avatar

They'll be crying out for yield curve control here soon. 😃

Expand full comment
BruceH's avatar

Don't worry guys. Uncle Powell will come and rescue the stock market.

Expand full comment
trumpHELL666's avatar

Wow! Jerome Powell is your uncle? He's my father! That means we're cousins!

Expand full comment
trumpHELL666's avatar

Looks like crude is going over the waterfall! Hahahahahahahaaa!

/CL daily chart:

https://docs.google.com/document/d/1_czCP16P0LFHwQ_YrLjUw_X6x7iG0ggW2oxLkYCX3Y4/edit?usp=sharing

Expand full comment
BruceH's avatar

You can say the same thing for stocks on the minutes chart.

Expand full comment
Sargonvonsumer's avatar

OK, I'm ready. In translation: no more cash.

Expand full comment
Freedom First's avatar

Please let the panic and fear spread so I can get out of my Vol hole please. No buyers. Fire-sale.

Expand full comment
BruceH's avatar

Same here. I've been loosing on VXX calls.

Expand full comment
PDA's avatar

Hey Bruce, Stay away from VXX. Instead of a long comment, research what is contango. Unless your very lucky, these are generally a losing proposition. I will play it (myself) will sell the near month (slightly OTM call, maybe 40 delta and buy a 20-24 delta call-near month) Think of a block of ice sitting in the hot sun. You want to sell premium...not buy.

Hope that helps!

Expand full comment
BUDDFOXXHOLE's avatar

Plus the algos might trigger and a huge selloff

Expand full comment
BUDDFOXXHOLE's avatar

Why not buy Puts?? in the short term. SLR expiring and COVID variations plus 2 percent yield on 10 yrs b4 YCC?

Expand full comment