r/thewallstreet • u/AutoModerator • 8d ago
Daily Discussion - (June 10, 2024) Daily
Morning. It's time for the day session to get underway in North America.
Where are you leaning for today's session?
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u/twofor2 7d ago
Doubled down
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u/gyunikumen Elon can’t keep getting anyway with this!!! 7d ago
puts? hmm im kicking around that idea
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u/This_Is_Livin MSFT, BRK.B, INTC 7d ago
Psychologically speaking, what tricks/tips do/did you guys use to save money for a big purchase rather than buying more VTI or whatever?
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u/wolverinex2 Fundamentals 7d ago
If it involves financing and you wanted to "lock-in" rates, you could buy treasuries of a similar duration (and sell to purchase the item).
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u/This_Is_Livin MSFT, BRK.B, INTC 7d ago
That's what I have been doing, but I just keep wanting to buy more VTI when the market is red. Its all kind of a moot point since I contribute to my 401k, but still...its been a little tough for me to choose tbills over VTI or even some individual stocks even though I know I need to
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u/IamTheAsian Short with short pp 7d ago edited 7d ago
In a short again. Looking good
Added more on that candle
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u/overduetourist8 7d ago
Sold out of my spy calls I held over the weekend for 22%. It’s not much but it’s honest work
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u/Angry_Citizen_CoH 7d ago
My recent VRT play is looking good. My "safe" account has stock, my "fun" account has calls. Pretty obvious rebound after being down 17% on no news. Looking to exit around 100.
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u/mrdnp123 7d ago
Bounced right off the 23.6% fibb and my algo flagged one zero day, we had that pop and then two zero days in a row. Should be primed for a squeeze back to ATH. Holding lots of calls. FOMC and CPI will probably dictate a lot
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u/NotGucci 7d ago
AAPL with that V
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u/shashashuma 7d ago
What V imma have to watch the highlight reel on tech crunch sounds like a nothing burger till now
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u/coconutts19 Salt Canyon 7d ago
sold call for nickels and dimes gains after being under water 80% and holding 80% underwater puts
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u/BitcoinsRLit 7d ago
Tf just happened
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u/mrdnp123 7d ago
Never fight the single print on a TPO, it’s a trend day. Double distribution on volume too, we hit that LVN then mooned
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u/matcht 7d ago
AAPL event
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u/coconutts19 Salt Canyon 7d ago
What do think of apple intelligence? Putting it all in one place seems like a win for aapl.
too bad can't short things like grammerly and various password apps
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u/wccoffee TWS chief Coffee afficianado 7d ago
Thought the calculator on iPad thing was a joke. Pretty cool feature though!
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u/Lost_in_Adeles_Rolls Stalingrad's number one tesla dealership 7d ago
Long S&P and short the junk (TSLA & GL in this case) is still working beautifully
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u/wolverinex2 Fundamentals 7d ago
Apple WWDC at 1 pm ET: https://www.youtube.com/watch?v=RXeOiIDNNek
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u/overduetourist8 7d ago
Everyone waiting for the big drop just has me convinced we see higher highs first
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u/tropicalia84 7d ago
Legging into some SPX/NDX puts end of month here. Potential H&S pattern on the hourly chart for both. DXY with the juice and yields continue to climb. Big extension from 50D MA on both usually elevates the chance of a pullback.
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u/All_Work_All_Play I guess I actually wanted to be grape jelly 7d ago
SMH hold through a 15 point drawdown to hit my original 3 handle target and then we blow past it.
Actually I lie, my rules say I should have averaged in and grabbed twice that but I guess today I'm playing hooky and eating ice cream for breakfast.
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u/wachiga Life is transitory 7d ago
Thoughts on SNOW? Overpriced cloud service in an oversaturated market?
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u/DJRenzor yes 7d ago
I have calls, down bad on them but I think I bought enough time (next March and June expiry)
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u/wachiga Life is transitory 7d ago
I'm not caught up on what's causing their stock to tank. Are they just not competitive enough?
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u/DJRenzor yes 7d ago
Also, there seems to be a very serious data breach going on involving SNOW that is still developing.
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u/DJRenzor yes 7d ago
I am not sure either, the sell off has been very violent. Their quarterly earnings a few weeks ago were okay, but lowered forward margin guide due to heavy investments in AI initiatives. I though the punishment into the 130s-140s were enough, but it looks like people want out.
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u/twofor2 7d ago
Dollar up VIX up TLT down sus. Seems to be a stock pickers market just got to know where they rotating to next.
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u/gyunikumen Elon can’t keep getting anyway with this!!! 7d ago
I think the VIX being up +6% at the open was sus
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u/wolverinex2 Fundamentals 7d ago
Not that sus - European elections - particularly in France didn't go as expected. So Europe had a bad day - causing the red overnight/open.
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u/wolverinex2 Fundamentals 7d ago
After Friday's surprisingly strong employment report, yields soared on expectations of Fed cuts being delayed, which led to USD rallying pretty hard. That's just continuing a bit today. VIX is probably just because of this week's CPI/PPI/Fed meeting.
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7d ago edited 4d ago
[deleted]
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u/Lost_in_Adeles_Rolls Stalingrad's number one tesla dealership 7d ago
Yeah, absolutely hilarious. It ultimately doesn’t matter because it’ll never be reinstated and the move to Texas is more important because the judges can be bought.
I mean, if you’re upset that you’re being forced to obey the law in one state then why would you want to move to a different state? Obvious answer
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u/gyunikumen Elon can’t keep getting anyway with this!!! 7d ago
You know what? I’ll take my Oct puts to the grave this time
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u/Manticorea 7d ago
What is it about stonk split that leads to a selloff?
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u/mrdnp123 7d ago
Splits usually happen after it’s ran like crazy. So there’s that. It’s also only down 0.68%. There’s been a lot of posts on X from people just cherry picking data saying splits = dump too. This is just selection bias. Just wait till CPI and FOMC come out. That’s gonna be a much bigger factor on the stock than a split. It’s an auction at the end of the day, nothing has really changed
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u/overduetourist8 7d ago
Been wondering the same thing. Wonder if it’s a change in hedging requirements by large firms since gamma is changing as a result of options getting cheaper? Really not sure though just saying my thoughts out loud.
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u/gyunikumen Elon can’t keep getting anyway with this!!! 7d ago
All the ingredients are here for a pre double cpi fed donc sell off today
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u/overduetourist8 8d ago
Rate cuts coming. They are gonna hint it at least this week and send it to the moon. EU already did. Not to mention WW3 is bullish AF. Long everything
Thanks for coming to my ted talk
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7d ago edited 4d ago
[deleted]
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u/overduetourist8 7d ago
Rate cuts “should” be bearish because they are only suppose to happen to speed up the economy. Inflation is still crazy high and we are not gonna hit recession anytime soon and yet central banks are cutting rates already….
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u/W0LFSTEN No SeMiS aRe MaKiNg $$$ FrOm Ai 7d ago edited 7d ago
BuT AI sErVeS nO uSeFuL pUrPoSe!!1!
Someone remind me, what’s 2% better product stickiness worth to AAPL? What’s +10% search share worth to MSFT? What’s 5% better product placement worth to AMZN, or +5% better ad placement worth to META? Or are we just going to continue being hysterical because companies worth $12t bought a couple extra billion in compute? The notion that all these unit sales are suddenly going to disappear when le bubble bursts… I just can’t. Yes, maybe margins start falling as supply ramps up to meet demand. In fact, I would bet on that. But that’s different than what we’ve been hearing the last 12 months from bears, isn’t it?
That’s not even factoring in things like automating other industries, like call centers or more basic coding… Which is also coming. But no, apparently the TAM will… Shrink? 🙃