9/27 ZUCK GETS WIZ BIZZED
META punched in the nose
IV. Analysis and Commentary
As I wrote in the daily yesterday, and worked in the chat today, the play today was short META, and the tribe was rewarded with a waterfall and +200% profits.
THATS JUST SOME WIZ BIZZZ BABYYYY
SPY; why I’m not concerned, they left a gap at 426.55 with yesterdays close, and with a rising DXY, futures were only able to move up bc of 2 things: 1. Futures trade in an illiquid environment, the gravity of DXY continuing to rise will be felt more and more the closer to open we are 2. They dropped yield at 8pm last night, dropping the 2Yr from 5.13 to 5.085, this is most likely from some central bank performing some operations to buy up treasuries, this gave a slight boost to stocks as well I am expecting us to gap fill at some point today, we are also straddling short term momentum down on the intraday here, I am not sure if we fly and die, or if we gap fill early, we are also still a ways off from a short squeeze, so don’t be overly concerned about that yet
I also wrote this in the chat this morning, not convinced of futures positioning.
So far, we haven’t missed tribe. And we are prepared as markets again are shifting today.
We have entered our next positioning as SPY hits my final drawdown target of 423. I will explore how to be ready for this next stage below.
HOUSEKEEPING: I will be on a twitter space with TradersRetreat tonight at 9pm
I also take serious pride in this being an affordable educational site. I am adding a veteran discount on top of adding student discounts to subscriptions.
VETERAN DISCOUNTS FOR WIZ SUBSTACK (need a vmail.vet address)
STUDENT DISCOUNTS for WIZ SUBSTACK (need an educational institution address)
If you enjoy the stack, make sure to like this post, restack, retweet, subscribe to the tribe. It goes a long way and I think 95% of those that upgrade will say they’ve seen their trading improve incredibly. But enough of the biz, let’s get down to wiz.
Stagflation is a rare economic condition characterized by slow economic growth, high unemployment, and high inflation. It is a difficult situation to manage, as policies that are designed to address inflation can often exacerbate unemployment, and vice versa.