SPDR S&P 500 ETF Trust (SPY)

Looks like some of our extended family did well today:
Lobsterpot198941 minutes ago
$SPY conversation
BOOM! Who called the bottom of qqq today and bought 100 283 calls? The Lobstah!!!! 48k haul...Lobstahmania strikes again!

Holy shix. I kept expecting a bounce, but each time a bounce attempted, it gets sold off. Target $TGT and Walmart $WMT showed the double whammy we're facing from this inflation mess. If people keep buying shix, earnings is OK, but Feds keep raising rates more aggressively from inflation, causing an even more epic recession and stock sell off. If people stop buying shix, it lowers inflation, but causes the stock market to crash. Either way this doesn't look good now with S&P 3,800 and Nasdaq 11,000 about to break. After support breaks, the sell off will accelerate. $AAPL and $AMZN will keep going down from capital preservation, dragging the indices lower and lower.

Even China's reopening is not going to help because they've shown to the world that even just a few cases of COVID will cause them to lock down again. 1999 all over again. -50% minimum, probably -75% indices drop by next year. -90% if there's some sort of black swan like solar flares destroying electronics, or some other new virus, or even COVID coming back with a new variant that's even more infectious than Omicron and its subvariants and more deadlier too.

$SPY
$^GSPC

DANGEROUS BOUNCE.......they'll change the Algos this Weekend.
Scott2 hours ago
$SPY conversation
You better pray it stays down........if they try the Fake Pump Job........The Bots will DUMP IT ALL ON MONDAY.

Trend is up. Higher highs, higher lows. Don't let the daily price fluctuations fool you. Shanghai at zero COVID infections in non-quarantined areas. Sure, could go lower later this year, but Putin losing in Ukraine, and after Xi gets a third term, he's going to most likely focus on the economy after destroying the Chinese economy. That or the Chinese premier, who's more into the economy, gets leadership. Markets will rally hard either way.

$^GSPC
$SPY

$ZIM's expected 2022 Dividend Yield to be 46%!

Q1: $2.85
Q2: $2.85
Q3: $2.85
Q3: $3.00 Special Dividend
Q4: $19.95
Total: $31.50

So, 46% annual dividend yield at today's prices of $68

$TRTN $CPLM $NAT $SPY

The key to watch is Monday's close and intraday chart trend. If it closes green, or the trend is up, even if it sells off some for profit taking early on or mid-day, that's a BIG bull signal. That means it'll continue up the next few weeks, especially with Shanghai cases down dramatically, with officials closing down some COVID quarantine centers, and stores starting to reopen. China was locking down because most of their vaccinated are young working class, and not the elderly like in the U.S. and western countries. They are attempting to vaccinate older people now. Once that's done, lockdowns will be less of an issue.

Nasdaq should bounce at minimum a 50% retrace to 13K, possibly higher as the 5 day detailed charts show resistance is actually around 13.4K, while the S&P should also bounce to the 4.3K area, possibly higher with $TSLA and $AAPL factories in Shanghai ramping up from low capacities of 30% or less. The Russell 2000 small caps $^RUT also usually leads up (or down), and with it starting to lead back up, this is a bullish sign. Less inflation from China and Russia means lower rates from the Feds. Futures currently opening green, a good sign indeed. To da moon, folks! Any price at this level is a steal for the near term. That's why big money bought big the past weeks. Buy or cover while you still can. Consider yourselves warned, again.

$^GSPC
$SPY
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Bob
19 hours ago
$^IXIC conversation
I officially declare the near term bottom was in today. We could see more selling near the end of year when China locks down again, but it came very close to support (3,800 for $^GSPC and 11,000 for the Nas) and bounced right off, twice. All technical analysts know this, and so do all AI. The algos will be pushing this back up. Time to close short positions and go long, kids. $AMZN rallied, and $AAPL $140 support held.

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Lobsterpot1989
17 hours ago
$SPY conversation
Rock lobsath!! Next stop 416!!! Just set the cruise control and enjoy the ride

LOL when I warned you guys that China's lockdowns and Putin's illegal land grab of Ukraine was the cause of inflation, people laughed at me. Now that Powell is confirming the SAME THINGS I SAID, and China is reopening and Putin is on the verge of getting his war criminal troops wiped out (British intelligence estimate about 30% are no longer effective), inflation will start cooling down, and Feds won't need to go as aggressive. It's all about China and Russia right now. The rest will be resolved in due time when more and more vaccines become available to the rest of the world, especially third world countries that manufacture junk that western economies buy, thus alleviating inflation and supply chain issues. The time to short was the past 5 months. It's now time to buy for a BIGLY bounce. BIGLY I say. Consider yourselves warned, again. And again, and again. You get the picture.

$^GSPC
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The Nasdaq bounced off close to 11K, which is where the next major support is, $APPL bounced off $140, which was also where its first support is, and the S&P bounced off near 3.8K support. China lockdowns should be coming to an end soon. Shanghai infection charts show the end is near with cases half of what they were the day prior. I think we're near the short term bottom for a big bounce boys and girls. Trade accordingly.

Don't get me wrong, if China continues to lockdown later this year, expect more selling again then. But, we're now due for a big technical bounce.

$^GSPC
$UVXY
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Xi just doubled down on the zero COVID policy and warned anyone who questioned his authority and strategy. Inflation was a problem before Putin invaded Ukraine. That only exacerbated inflation. This means inflation is here to stay, if not will only get worse when, not if, China continues to lock down tens to hundreds of millions of people, for just a few handful of COVID cases. We know the virus can keep this up indefinitely. The market's rally the past 2 years will be undone. I have to admit there's A LOT further down to sell off now that Xi has doubled down on his policies that are creating inflation for the rest of the world, and his buddy in Russia is making it worse.

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$^DJI

Orange is to blame for this mess. His mishandling of COVID ensured a complete US economic shutdown, forcing Feds to lower rates to nothing, eat up $9 TRILLION in QE, and forced the government to hand out excess stimulus. This inflated the demand side.

Then, western economies reopened while 3rd world countries that manufacture shix we buy, like China, lagged behind in manufacturing, along with shipping and trucking limitations, causing a deflation of the supply side. Orange enabled and emboldened Russia by weakening US allies and NATO, tried to blackmail Ukraine, blamed Ukraine for meddling in US elections, and did everything he could to make Russia great again. Russia illegally invades Ukraine after Orange did Putin's work, adding to a deflation of the supply side AND increased oil prices.

This massive imbalance from deflated supply and inflated demand leads to inflation, forcing the Feds to raise rates aggressively, ensuring an epic recession coming. If the Feds didn't do this, we'd have stagflation or hyperinflation, which is 10x worse than a recession.

"I don't take responsibility at all"
-DJT

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$DJIA

LOL #SO_MUCH_WINNING!

I expect the S&P to bounce to around 4,300 and the Nasdaq to bounce to around 13,000.

Depending on whether or not China lockdowns still occurring or lack thereof, or Putin's attempt at wiping Ukraine off the map, could go higher.

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$^GSPC
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$UVXY

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Extremely bullish = Feds not thinking of doing 75 basis point hikes, and will in fact, drop back down to 25 basis point hikes should inflation come under control (i.e. China zero COVID policy and Ukraine invasion). YYUUUGGEEE technical rally, here we come.

$SPY

$AMZN
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