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Today is going to be nasty.......
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Unless we get some kind of buying or short covering or something, there is absolutely little to like on the charts right now. The only ray of hope is we could possibly be setting up a head and shoulders bottom.

But the down trend strength is really strong right now and the market internals suck!

edit: We bounced right off the 20 day Linear Regression line on both the SPYs and QQQs. Morning could be interesting.....
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Yeah, the grains backed up some. I figure guys aren't wanting to be too heavy over the weekend. I thought maybe the inverse would happen in stocks. It appears not to.
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Max pain!!!!
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:-)

Don't you have a whore your fatass needs to go pay? Greasy faggot.
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My hunch is that they do reverse stock splits and then people see that the stock is a buck or two and buy it because it seems cheap, and then they reverse split again and the process repeats. It looks more like a psychological trick on penny stock investors than anything else.

This web site doesn't think much of them: https://seekingalpha.com/article/434...r-u-s-exchange

It looks like they just do massive stock issues frequently to get people to buy in, even though it's not creating value. It dilutes existing stock holdings and then they reverse-split back to some level of capitalization and everyone who bought stock loses most of their value through dilution: https://www.fool.com/investing/2020/...s-are-buy.aspx
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Didn't expect the invasion.

Once it happened, knew it's going to be ugly.

Next stop $135-140 for oil. This could blow up to nearly $200 a barrell as there is no resistance left
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Already paid your Mom and sister $5 each for two blow jobs and a rim job.

Wanna bet your existence on CP?

You have no balls, just a big bullshit mouth and a loser strategy.

Gonna take the bet pussy?
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This morning on CNBC Worldwide Exchange, a Wedbush analyst took a blowtorch to Cathy Wood and her Ark Funds. Called them complete garbage and that she had the worst strategy as a portfolio manager, trying to catch falling knives by keep buying in as the tech wrecks kept dropping by 30-40-50% or more.

It was the most brutal attack from one Wall Streeter against another since Carl Icahn went after Bill Ackman over Herbalife.

Basically said she did nothing to protect her clients assets in a tough market and made it worse by an overly risky strategy.
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I hedged wheat too early. If you want to look at madness in a market look no further than the Kansas City Wheat. There is a bunch of wacky ass shit going on both on the board and locally.
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Not sure who in here was floating the prospect of energy stocks but I took a flier on XLE in the mid 60s.

So thanks!
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FYP :-)
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2008 was the year wheat went nutty. 2012 corn went to $12, so be glad you didn't have to stock up on that shit.

But even back in 08, the elevators would still offer a bid on the July contract for wheat. My coop and Garden City Coop are the only elevators still offering bids on the July contract. Everyone else has moved to the Sep (ginormous inverse carry) or offering no bid at all.

A broker told me there was an end user that was trying to buy wheat, delivered like now, of the July 2023 futures. Nevermind that that is 20% off the July market.

That shit didn't happen in 08.
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Yeah, I bought some Oneok that I made a little money on. It wasn't outstanding money, but it was green. Unlike the rest of my brokerage account.
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