/u/TearRepresentative56's posts in /r/TradingEdge
SMH Positioning. INTC down 20% is weighing on SMH, as is the recessionary risk as semis are cyclical. Semis are going through hard time right now and positioning looks bearish. Teh catalyst of FOMC and NVDA squeeze has been cancelled out by recessionary fear and weak ARM and INTC earnings. 215 suppo
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TSLA - strong support looks at 200 with the call delta there. not much put delta below there. Traders see a bottom there if more downside. ITM positioning below that is strong. 210 is the samller support above that, with call delta there. If we break below 210, we probably see near 200. 220 resistan
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DIA: next support down looks at 395, with signficant call delta there. LEt's see. 400 now a strong resistance.
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XLU green. GLD down comparatively less than rest of the market. market seeking the risk off trade right now.
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Rising money supply and falling 10 year bond yields concurrently during a market sell off is often a bullish sign for a strong reversal. Lets see.
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