$United States Oil Fund(USO)$Looking back at the 14/3/22 candle stick on a weekly chart and comparing with current closing candle, we can see the same bullish pattern but with a different colour. The price rejection from $67-$68 support price zone may present an opportunity to go long if you have a bullish oil price bias. Keep in mind the current political tension of the western countries Vs OPEC+ risks. A strong word from either can tip the scales instantly.
$Nasdaq100 Bull 3X ETF(TQQQ)$ The nonpartisan Committee for a Responsible Federal Budget projects for every 100 basis point rise in the U.S. 10-year yield, the U.S. government adds $285 billion annually in interest costs. This adds, materially, to a record, and already unsustainable government debt load. Well before that level touted by the federal reserve committee members would be reached, the global financial system would implode. Sovereign debt defaults, currency devaluations and other vulnerabilities within the system would be revealed.
I opened $TMF 20240816 49.0 PUT$ ,June inflation data reported this morning shows a decline in prices from May to June. DCA selling more puts for credit. I am getting more comfortable with assignments going into 3rd quarter of this year.
I opened 1 lot(s) $TMF 20240705 44.5 PUT$ ,The easing cycle has already started in Switzerland and Sweden. And the European Central Bank is expected to cut interest rate following next week.
$Marathon Digital Holdings Inc(MARA)$BTC dipped below 20k briefly, Mara will likely fall into single digit territory soon. A good candidate for shorting if you believe current bear market is still intact. Otherwise hodl and sell covered call options. Alternatively buy put options to protect your downside. Prepare for a more chilling crypto winter. [Sad]