The Dollar Is Extremely Strong, Pushing Down the World

[Ricboff]

capital markets were violently red for much of the day............. yet BTC was green. Needless to says its positive correlation with high beta is not so positive anymore

'caterpillar to butterfly our Billy wants to change to Clarice '

CLASSIC FILM

(gl on the play Boz, chart looking good....an army at $120)

 

[Ricboff]

added to utilities, this time on the US exchange. Shortened DTE, too. Done in 2 transactions that amount to the following with XLU
Sept 22, 2023 $64 put @ 1.53...roi : 2.3%, aroi : 19%, yeah with utilities

great time to have cash fellas. High Interest Savings Accounts paying 5% +, with no min, or locking periods. Been just crazy cool as cant get assigned ytd (put/call fund) while having the cash parked in HISV earning 4.95% CAD/5.20 USD. Double dipping , lol...It's unreal. Like 3 yrs ago this stuff was paying 1% or so..

go get'em Powell !!! love that guy !! LOL

think the gap on $442 gets filled on the spy ..smelling it

 

[Ricboff]

still long BTC, no intention of selling until a double top forms ($65,000 ish)-then re-assess. A ceiling is rarely broken on the 1st try. ....that's the plan.......'the best laid plans of mice and men '.....

BTC USD Bitfinex Chart - Investing.com

Get instant access to a free live streaming BTC USD chart. This unique Bitcoin US Dollar Bitfinex chart enables you to clearly notice the behavior of this pair.

www.investing.com

click candlesticks , click daily

its pausing. consolidation...the longer this consolidation the greater the break- in either direction

food for thought

BITO is the etf on the US exchange with options available. Liquidity is not very good.

anyone wanting to buy btc and get paid trying to do so, here is an example;

current price : $15.58

sell to open a cash-secured put
BITO 9/15/23 $14 put @ .51

roi : 3.6%
aroi: 27.1%
down-side protection : 10.1% (you are obligated to buy @ $14 if price is below this strike come expiration...can alwasy buy it back for a loss if want to get atta dodge lol)

so if assigned you will be buying BITO at $14 ( BTC at $26,500ish) . This underlying is quite volatile so premiums are consistently high

a cool BTC beatdown has arrived , with ammo for more downside according to the chart

. did post the BITO play and its clearly underwater so i'll provide choice options. Keep in mind, NEVER sell options on an underlying that you wouldnt want to own-- that's first and foremost.

Options;
- sit back, do nothing...go golfing ...Greatest Game in the World ........, likely assignment at $14 looms come expiration day. Wanted $14 so why complain? and was paid to buy.
- buy it back at a loss..and ......get atta dodge (not a big loss at this point)
- roll down and out: buy back the $14 put options that were sold and sell the $13 Nov put for a net credit . AROI on the initial transaction takes a hit, obviously


never stuck

 

[Ricboff]

shits and giggles .

Remember when Russia was talking about pegging its currency to Gold?

Russia Raises Interest Rates to 12% After Ruble Plummets​

Russia’s Central Bank hiked interest rates from 8.5% to 12% on Tuesday in an emergency meeting after the ruble slid past 100 against the U.S. dollar the day before.

“The decision is aimed at limiting price stability risks,” the Bank said in a statement.

It was the first extraordinary meeting of the Bank’s board of directors since Feb. 28, 2022, when the regulator raised interest rates to 20% in the wake of Moscow’s invasion of Ukraine just days earlier.

...............



they raised rates by 350 basis points IN ONE DAY


“Very little currency comes into the country, so a currency famine has formed,” said Vladimir Milov, a former deputy energy minister who now opposes the Kremlin from exile. “Imports have now recovered to pre-war levels, only now we import all consumer goods and manufactured goods from China, Turkey, Central Asia and the Emirates, and not from the west. You still have to pay for it in some currency but no one wants roubles.”

lol

 

[Ricboff]

(gl on the play Boz, chart looking good....an army at $120)

LNN

the 3 yr WEEKLY

army zone $118-$120....being tested yet again, forming a bullish hammer pattern as of now, its only Wed tho...great zone to sell puts if one wanted to buy (obviously a break of this zone is not good)

 

[Ricboff]

Oct 20/2023 put is paying 3.25% , annualized 20.5% . ....or could just buy of course

note: i know nothing about this company

 

[Ricboff]

Nvidia Earnings: Stock Soars As AI Giant Again Smashes Quarterly Expectations​

NVDA

1 decade , MONTHLY

gap up tomorrow

historically: breaks from the $125ish zone in early 2021...in no mans land , FLIES to $330ish..... comes ALL the way down to back test the breakout area and then BLASTS through $330 on its FRIST TRY!!!!!....if shes going to repeat history the $330 zone is a place to look for in the future (deep retrace,)

what a fuckin chart

 

[PatsFan1283]

I said buy Nvidia in a post about 5 years ago when it was at $60ish, maybe I’ll find the post later but I’m sure it’s buried in it

 

[Ricboff]

damn, that's a great call......... u need to be on the Rx Board of Directors

time to clean up this place

 

[raiders72]

After expansion, BRICS to control 80 pc of global oil production

After expansion, BRICS to control 80 pc of global oil production

Johannesburg: In a landmark move, the top leaders of the BRICS nations on Thursday decided to admit Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the

www.siasat.com

 

[raiders72]

I said buy Nvidia in a post about 5 years ago when it was at $60ish, maybe I’ll find the post later but I’m sure it’s buried in it

Great call. Nvidia indirectly involved with crypto because of AI and gaming.

 

[raiders72]

BRICS is the biggest threat to the US dollar. https://www.theguardian.com/busines...nounce-admission-of-six-new-countries-to-bloc

BRICS will control 80% of the oil production. https://www.siasat.com/saudi-arabia-iran-four-other-countries-invited-to-join-brics-2676687/

 

[Ricboff]

LNN

the 3 yr WEEKLY

View attachment 74496


army zone $118-$120....being tested yet again, forming a bullish hammer pattern as of now, its only Wed tho...great zone to sell puts if one wanted to buy (obviously a break of this zone is not good)

BEAUTY hammer pattern did indeed form ......


btc trying to put a tail its aug monthly candle...need more positive before month end

 

[Ricboff]

the btc move is news related, court rules in favor of Grayscale. The actual chart is suggesting it wont break the $30-$31 k ceiling soon (barring further news). Hoping we get some continuation tho....dont want assignment...actually , i never want assignment ,lol

PSA ? now yielding 5.30% more lol. NO time restrictions........where's powell?

 

[Ricboff]

the big boys ?

How a BlackRock ETF, $30 trillion in new capital will impact the bitcoin price - TheStreet Crypto: Bitcoin and cryptocurrency news, advice, analysis and more

Approval of a spot bitcoin ETF offered by BlackRock could bring $30 trillion into bitcoin, sending the BTC price to new heights.

www.thestreet.com

"I think the bitcoin ETF is something that's going to form the ability to allow more cash into the space," he said. "However, its impact might depend on who gets approved for it. Lesser-known ETF providers may not shake things up. But if giants like BlackRock come into the picture, with access to $30 trillion in capital, it could lead to a seismic shift in the space."

i rolled down and out on bito, as described in previous post
xlu's judgement day is next friday.....JETS has come home, full retrace to its zone of support prior to blast off ..perfect , see the chart..

 

[Ricboff]

USD

US Dollar Index Streaming Chart - Investing.com Canada

In this section you'll find a streaming chart for the US Dollar Index.

ca.investing.com

look at the weekly, clear as day . click 1W , candlestiicks-- banging at the ceiling, can it break to the upside ? this would be a shocker , imo

felt Powell would start to hint of dropping rates by summer 2023, a nd certainly not raising any further......... economy has been remarkably resilient, leading him to stay the course. Meeting coming next week, i think he pauses . this ceiling the USD is trying to break will not break if he hits the pause button, BUT if he raises? yikes it has a catalyst to bust through.

my opinion hasnt changed - USD hits $88ish, ... needs a decisive catalyst that leads to a long red candle and breaks $100--that,imo, comes with a full pivot by Powell...which likely is 2024

 

[Bozzie]

LNN

the 3 yr WEEKLY

View attachment 74496


army zone $118-$120....being tested yet again, forming a bullish hammer pattern as of now, its only Wed tho...great zone to sell puts if one wanted to buy (obviously a break of this zone is not good)

sold this a bit ago..looks like the earnings on OCT 19th are going to be problematic
ESP of 1.16 next quarter witch is a decline compared to last years period.

 

[SheriffJoe]

I LOVE the title of this thread.

What a fantastic historic *bump* it will make in the near future, assuming the Rx lights are still on.

Why?

Because the Federal Reserve Note (don't call it the USD because your money comes from a SECRET PRIVATE BANK nobody is allowed to audit) and Jerome Powell are going, going...

Why?

Contrary to the myths of retarded Keynesian economics, nothing lasts forever.

The current edition of fake slave money has run its course. Usually a fiat currency only lasts a few decades, but this slave system is WAY past its best before date.

And yes, it's a SLAVE money system, not "free market capitalism" ?

When politicians continue to devalue YOUR MONEY (your purchasing power) through reckless SOCIALIST monetary policies for their own corrupt selfish GREED, it is absolutely a SLAVE system.

YOU being the SLAVE, while the politicians getting RICH at your expense are YOUR MASTERS.

Inflation being the hidden tax on We The People.

Inflation is cumulative. Which means, the effects are compounding.

Which means, eventually your currency, purchasing power and standard of living end up looking something like this:

Until one day, it completely collapses.

Of course I've been saying this forever. Blah, blah, blah... there goes Joe again!

Well, yes.

The difference this time is, the "planners" are ready to herd the sheep into their flashy new slave system (CBDC)...which means, their old slave system must go bye-bye.

The difference now is, INFLATION is here! And HYPERINFLATION is just around the corner!

Which means, "someone" *giggle giggle* already pulled the pin!

And NOTHING and NOBODY can stop it!

Do people understand economics?

Or does the tomfoolery of John Maynard Keynes and Paul Krugman magically last forever?

What about BRICS and the end of the petrodollar? Well, why do you suppose they're forcing their "Green New Deal", EVs and all their other "climate" bullshit on you?

It's about $$$$, power and control! Not "climate" ?

Out with the old (fake paper slave currency); in with the new (fake digital slave currency).

???CONTROL

Once the system crashes, all you want are GOLD, SILVER, BITCOIN...HARD ASSETS..

That's it.

Nothing tethered to the reckless DISASTEROUS monetary policies of the current doomed private central bank.

So get out while you still can.

Because one way or another, the entire financial system is coming in for a CRASH LANDING...probably toward the end of the 3rd quarter 2024.

Wait...what's in the fall of 2024 again? (Never interfere with an enemy when he's in the process of destroying himself)

As for the folks still posting stock tips (as opposed to politicians and billionaires currently shorting the market)...

???"Although we've come to the end of the road..
"Still, I can't let go..
"It's unnatural, you belong to me, I belong to you... ???

 

[Ricboff]

sold this a bit ago..looks like the earnings on OCT 19th are going to be problematic
ESP of 1.16 next quarter witch is a decline compared to last years period.

always cool taking a profit ...

IV not high at the moment, should rise as it gets close to earnings . Oct 19th is earnings? the post' #286' expires the 20th..yeah , that would be a BTC before the 20th haha

 

[Ricboff]

just realized #286 didnt have the strike price : was $120
suggestion was purely chart driven , beauty hammer pattern on the weekly....HUGE day tom/friday-- break the 50sma or be rejected...i love this shit,lol