QQQ Daily update
Below $617.52 my proposed minute ii this is my primary count expecting ongoing weakness in mega cap tech. I am short both SQQQ and NQ futures and will look for active put opportunities during this short week.
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The latest public Slice posts, articles and creator updates.
For newbies - if you click on portfolio - you can see current ideas I have on. Screenshot attached.
Initiated Muthoot Condor - Vols are still decent post breakdown from 4000+ to current 3500 levels after earnings. Earnings were actually good but it's all the positioning. I expect stock to take support around 3420 if it goes for gap fill and consolidate.
Shorting SBET - these kind of speculative plays with get destroyed over the coming weeks!
Bought 100%
SharpLink Gaming Ltd.
13 Feb
SHORTInvested Capital
2%
Selling Price
9.701$
Buying Price
6.825$
ROI
29.64%
Daily NDQ/IWM bull div at support is telling us today is likely the bottom for risk
Remember, they were buying defensive names in IWM which caused the outperformance vs NQ - so when NQ sets up to outperform, it suggests we are returning to a risk on enironment.
Hopefully get the final flush into the close so i can place some long trades
$QQQD - Looks like the Short ETF is breaking out. This is an inverse ETF that goes up when the Mag 7 stocks go down. To me this looks like a clear breakout which represents a clear breakdown of the Mag 7 stocks.
Let's talk about VWAP... SON SON...
Infy - It's illiquid in Mar so looking to buy 1500 Feb PE for 185 and will hold the trade. This is booking loss only but traded Feb due to illiquidity.
Another alert gone off
FNGD daily breakout - uber bearish!!!
there it goes. This will test the lows now
The Bitcoin Use Case Nobody Wants to Mention
Bitcoin's getting hammered right now and all the usual bears are back out saying it's worthless and has no real use. I want to share something with you that I genuinely don't think gets talked about enough, and now's probably the right time to hear it since everything's red.
You know how people always bring up Bitcoin's power consumption like it's this huge knock against it? Bitcoin uses more electricity annually than Poland. More than Norway. It consumes more power than the entire global gold mining industry. You've heard all the versions of this argument and it always gets framed like it's a fatal flaw.
What they don't realize is that power consumption actually became one of the most important things about it.
We have tons of energy in this country that's trapped. And I mean all over the place:
- Sun baking in the desert with no grid to get it anywhere
- Wind farms in rural Texas producing more electricity than the grid can absorb
- Old abandoned wells
Sumco presented results yesterday. Three slides explain both its problems and opportunity. First of all pricing for 300mm wafers used in AI has increased over 200mm dramatically. Secondly, demand from AI for 300mm is forecast to increase dramtically. And thirdly, weak 200mm pricing has led to operating losses. With cyclical business buying as they inflect profitable tends to work best.
GE Power Ltd... 20% Upper Circuit.... New ATH of 400...🚀🚀🚀
Not boasting, but when my stock runs, they run like this.... 🙏🙏🙏
In bear market, they do 20% UC... 🎯
Coforge - Will take delivery and start covered call. Don't have any other CSP trade open so can take delivery here and hold for a few months for a favourable exit.
This is my updated EW count. Was not sure how to read it before but happier with this one
