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Slope of Hope

Slope of Hope

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ticker lesson

Breakdown

0:00lesson

Market Setup and Outlook

  • Mixed bag at open
  • ES grinding away
  • PCE tomorrow may wiggle things
  • Longer-term ES tumble setup
2:01ES· ticker

ES — grinding away

  • No major movement
  • PCE tomorrow may wiggle things
  • Longer-term tumble setup
4:24SMH· ticker

SMH — coughing up blood

  • Micron reports tonight
  • Potential tumble
  • Helps push SMH lower
4:25gold· ticker

Gold — weak, down triple digits

  • Down triple digits
  • Right triangle top
  • Lost $1,700 since Jan
4:26EQX· ticker

EQX — still short

  • Still short EQX
  • Short XME for metals
4:27XME· ticker

XME — still short

  • Still short XME
  • Short EQX for metals
4:28Bitcoin· ticker

Bitcoin — fighting back, then falling

  • Pushed up above 63k
  • Barfed all over lapels
  • Challenging $60k level
4:29BITI· ticker

BITI — short via long crypto

  • Short BITI
  • Long crypto
  • Want crypto to get crap kicked out
4:30AXTI· ticker

AXTI — down over 13%

  • Down over 13%
  • Red portfolio
4:31UNH· ticker

UNH — puts good

  • Good puts on UNH
  • January puts
4:32WFC· ticker

WFC — puts good

  • Good puts on WFC
  • January puts
4:33LEN· ticker

LEN — rallying due to Housing Act

  • Housing Affordability Act passed
  • LEN rallying
  • Home builders
4:34lesson

Portfolio Performance Overview

  • Good day overall
  • Some stinkers like LEN
  • Congressional impact
4:35LEN· ticker

LEN — stinker due to legislation

  • LEN stinker
  • Housing Act impact
  • Congressional debt

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