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SP500 Short, Final Leg Down to 200s?I wouldn't be surprised if a major geopolitical event is used to take the blame or worry away from people being down 80% off of their pension funds. Doesn't matter if it's engineered or not, as long as the event is present. It could come in weeks, but it's a throw-in-the-dart and a take from what I see happening the past few months. Be sure to hug your friends and family, just in case the nuke meme plays out. If it or the event happens, just breathe, save, and survive. It's not gonna be as bad as the fallout games, and I doubt the game master will let things get that bad to the point of losing/relinquishing control. Just merely a shakeout to justify fear and consolidate power in the right direction for humanity considering we're overpopulated. Hell, the drop could get delayed to the upcoming election cycle, but as we all know the FED is between a rock and a hard place to raise rates and crash the economy or let rates stay low and devalue the USD. There is a fourth option that could be a game changer which is to usher in a 4IR to stimulate the whole global economy, and systematically counteract/control the incoming crash. Crypto trojan horse, FTX, played out in an act to both consolidate financial power through CeFi and thwart US competitors from laundering money at the same time. Regardless if it blew up or not, the House gained an edge. Be it discrediting and devaluing crypto against CBDCs or understanding how and where the currency of state actors flows throughout the crypto ecosystem. 11-11 Chapter 11 for FTX Trade: Entry - 395 SL - 418 TPs - 320, 280
AMEX:SPYShort
by linebands
Sell Facebook before the news is out I'm short $FB with $89 puts that expire in few weeks, $87.5 puts that expire in August and whole assortment of other FB puts. IMO this is like trading with inside information, the news is available, but hidden well in Facebooks last 10K filing in January 2015. FB says " We are being examined by the IRS" in that filing. They also say "We are unable to estimate the full range of possible adjustments" At issue is a tax loss carryforward tax credits that FB has taken but not eligible for. Evidently the IRS code says that a tax loss carry forward cannot be transferred if ownership of a corporation changes by over 50%. That happened to Facebook when it went public. So far FB has taken tax credits on $3 Billion of a $7 Billion tax loss carryforward which will be denied by the IRS. FB profits will turn into losses when FB has to restate earnings. You can find this information hidden in Notes to Financial Statements in the Income Tax section of the 10K. Technically FB indicates a sell by the Stochastic indicator and other indicators on a daily chart. The fundamental news outweighs all the technical indicators imo. Sell Facebook ASAP. Stop loss at $89.50
FShort
by FDNYret