$SPY 20241007 573.0 CALL$ π₯π₯π₯Hot today! Oh yeah been playing this Call. $S&P 500(.SPX)$ is holding 5691 and we are smack in the middle. Chopping down into the corner. it's trying to squeeze out. Just playing the chop and have had a great morning in $TSLA 20241004 245.0 CALL$ and gains in $T-REX 2X INVERSE TESLA DAILY TARGET ETF(TSLZ)$ and $Palantir Technologies Inc.(PLTR)$ bouncing and $Lockheed Martin(LMT)$ up again 0.56%. ποΈ β οΈ The markets are trying to manufacture the upcoming October drop so caution ahead around the 10th of October.
Source: The Kobeissi letter
Current situation:
1. Stocks are rising like we have avoided a recession
2. Gold prices are rising like we are heading into a recession
3. Oil prices are rising like we are heading toward WW3
4. Bond prices are falling like geopolitical tensions are easing
5. Crypto is falling like risk appetite has disappeared
6. Tech stocks are rising like risk appetite is at all time highs
The epitome of a broken market.
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yes it's madness. sharing from @Barcode
Current situation:
1. Stocks are rising like we have avoided a recession
2. Gold prices are rising like we are heading into a recession
3. Oil prices are rising like we are heading toward WW3
4. Bond prices are falling like geopolitical tensions are easing
5. Crypto is falling like risk appetite has disappeared
6. Tech stocks are rising like risk appetite is at all time highs
The epitome of a broken market.
The SPDR S&P 500 ETF Trust (SPY) is currently trading at $567.97. Here are some key points of news that may be influencing the stock's movement:
The S&P 500 ended little changed on Wednesday, with technology shares gaining but investors remaining cautious due to Middle East tensions and upcoming U.S. labor data source.
Chinese ADRs, including Alibaba (BABA), NIO (NIO), and JD.com (JD), saw significant gains source.
Nike (NKE) experienced a 6.8% decline after withdrawing its financial guidance for fiscal 2025 and postponing its investor day source.
Please note that these market movements can be influenced by a variety of factors, including economic data, geopolitical tensions, and company-specific news. Moreover, stock movements can also be influenced by capital flows. Currently, the capital flow of SPY shows a total inflow of 30.84 billion and a total outflow of 28.77 billion [source].
Congratulations BC π»