Folks - Based on the plan for today, we opened a couple of ticks below 4000. This was a picture perfect rejection of the opening print. The market saw very small uptick above 4000 OrderFlow level and swiftly sold down to my target of 3950 on the intraday basis, eventually touching down into 3940 and is now trading around it at time of this blog. Not only was the open below 4000 level, we also had the IB close below 4000 plus very little trading that happened above 4000 level.
What are thirds ETFs tic? Once we begin to see the macro situation deteriorate in the US next year or so, I am watching a couple of ETFs that have been very volatile right now. I like to have a list of ideas which I can use if the underlying conditions change enough for me to start making sense of them.
Like the ideas, what do you think of IBM as the largest holding in the BLOK ETF? Will it be a drag on performance, and do you think it would be better to focus on some of the individual components?
Not familiar with holdings of BLOK but FDIG is comprised of a lot of miner exposure. Personally think 80% of miners go to 0. From a long term RR perspective I think you're better off to buy your own basket on chain and just custody it with fidelity or BNY Mellon if you don't want the self custody risk. Just my two sense. Appreciate your insights!
BTW I think Bitcoin is king in crypto and GBTC is a good way to have a small portion of portfolio in it. May be 1-2%. High expense ratio but given the high risk reward, and the fact that GBTC is trading at a significant negative premium to Bitcoin, it’s a good bet, but would highly recommend DCA as I agree with Tic, bottom is probably much lower in Bitcoin. @tic still think it’s around $3300?
Tic morning updates are like "cherry on top" on top of daily plan!
I closed tremendous amount of puts and jumped into calls based upon this plan and it has saved my ass and made me money! Gd bless you Tic!
What are thirds ETFs tic? Once we begin to see the macro situation deteriorate in the US next year or so, I am watching a couple of ETFs that have been very volatile right now. I like to have a list of ideas which I can use if the underlying conditions change enough for me to start making sense of them.
Do you trade the levels pre-market. For example 3915? Or do you wait for a test during regular trading hours?
Tic, can you help understand why TLT hasn’t tanked while ES has been nosediving?
Like the ideas, what do you think of IBM as the largest holding in the BLOK ETF? Will it be a drag on performance, and do you think it would be better to focus on some of the individual components?
Tic thoughts on MSTR long term as a crypto play to leverage Bitcoin over 3-5 year frame ? Thanks !
Please, What is HVN??
Whats the significant of a HVN at the bottom of a profile? If any.
Thanks for the crypto play 💤
Tic 🔑
Thank You
@Tic what do you think on Stem?
Do you have a target frame for resting 4150?
Also, do you see 3950-3965 acting as resistance tomorrow should we get there?
Not familiar with holdings of BLOK but FDIG is comprised of a lot of miner exposure. Personally think 80% of miners go to 0. From a long term RR perspective I think you're better off to buy your own basket on chain and just custody it with fidelity or BNY Mellon if you don't want the self custody risk. Just my two sense. Appreciate your insights!
BTW I think Bitcoin is king in crypto and GBTC is a good way to have a small portion of portfolio in it. May be 1-2%. High expense ratio but given the high risk reward, and the fact that GBTC is trading at a significant negative premium to Bitcoin, it’s a good bet, but would highly recommend DCA as I agree with Tic, bottom is probably much lower in Bitcoin. @tic still think it’s around $3300?