sallocs @Sallocs
just opinions & not financial advice Joined October 2020-
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Keep it simple: Two lines, the purple one is a long-term trendline, and the green line is a support-turned-resistance line. SPX should climb along the Green line to ATH, BUT it won't surpass or overcome the LONG-TERM PURPLE LINE.
Following the roadmap [the Red Path] pretty well. From pre-FOMC, I alerted to my subs that a new ATH is the most likely path, after a sharp selloff toward 7520 zone. It got to 7507, to shakeoff weak hands, then a jump up toward 7880-7900 zone by the end of this month. Bingo!
Kevin Warsh: We're raising rates Trump:
@TicTocTick I respectfully disagree Tic. Asking one time is fair, but if he asks more than twice there will come a time where he’ll “disappear”
Someone out there betting $1.8Million this Head and shoulder plays out $NFLX
Congrats @michaeljburry on NBIS play August 11th- SHORTED NEBIUS $NBIS AT $211.77 August 12th Added to $NBIS shorts at $247 AVG $229 now August 19th $NBIS $217. Burry not so "burried" now OG "Diamond hands"
MARKET MOVERS 🟢 UPGRADES • $YPF: Upgraded Hold → Buy by HSBC; PT raised to $60 from $52 • $PMT: Upgraded Hold → Buy by Deutsche Bank; PT $12 • $NYAX: Upgraded Market Perform → Outperform by Keefe, Bruyette & Woods; PT $75 • $OKTA: Upgraded Equal Weight → Overweight by Wells Fargo; PT $180 • $AAPL: Upgraded Neutral → Buy by Rothschild Redburn; PT raised to $400 from $260 • $MBLY: Upgraded Hold → Buy by Berenberg; PT raised to $11 from $10.80 • $ALAB: Upgraded Market Perform → Outperform by Northland 🔴 DOWNGRADES • $YSS: Downgraded Overweight → Neutral by JPMorgan; PT cut to $17 from $38 • $BCSF: Downgraded Outperform → Market Perform by Keefe, Bruyette & Woods; PT cut to $13 from $15 • $CCAP: Downgraded Outperform → Market Perform by Keefe, Bruyette & Woods; PT cut to $12 from $13 • $ARX: Downgraded Outperform → Market Perform by Raymond James • $MUR: Downgraded Equalweight → Underweight by Barclays; PT cut to $34 from $38 • $SHOP: Downgraded Buy → Accumulate by Phillip Securities; PT raised to $170 from $160 • $WDAY: Downgraded Buy → Hold by Deutsche Bank; PT raised to $220 from $180; Downgraded Buy → Neutral by BTIG • $KNTK: Downgraded Buy → Hold by Clear Street; PT $57 🔵 COVERAGE • $GNL: Coverage resumed at Outperform by BMO Capital; PT $10
Below are Circuit Breaker rules for cash session- Level 1: 7% sell off. 15 minute halt. Level 2: 13% sell off. Halt of 15 minutes . Level 3: 20%. Market closed for the day. $SPY- $696 $QQQ- $634
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