AltitudeBen
@BenAltitude
🇺🇸🇺🇸🇺🇸. The Altitude Investment Group. Retired AH-64 Instructor Pilot. Tar Heel Class ‘07 #GDTBATH #2A
"I don't have girls."
🚨NEW: Dem Sen. Chris Murphy stammers as he gets GRILLED by NYT Opinion Columnist Ross Douthat over his stance on biological males in female sports🚨 MURPHY: "I don’t have any fear of transgender athletes participating in sports." DOUTHAT: "Wait ... If you had a daughter…
$NYSI Summation index crossing over bullish to close this week that actually improving market breadth, especially on NYSE. Headline risks are keeping alot of folks fearful but look through a few hundred charts.. many stocks are well off the liquidation lows. Late April tends to…
So surprise up by 13K but revise previous down by 95K and that's counted as a positive surprise?
MULTIPLE PROJECTILES SEEN IN NIGHT SKY IN JAMMU CITY IN INDIAN KASHMIR - REUTERS WITNESS
Headline shock value: 177K payrolls vs. 138K expected a 2-sigma beat that even surpassed the most bullish Wall Street forecast (171K). But what they won’t put in the headline is the fact that 393,000 jobs more than double the total print came from the BLS Birth/Death model, a…
The April jobs number was above the highest Wall Street estimate (171K).
$NYMO $NAMO hot again if this holds. Pretty strong statement.
It's not surprising for $SPX to get a long lower shadow on a monthly candle during a correction. In fact, we get one on pretty much every correction, including the one in early 2008 that eventually led to the bear market. So far this month, we are 13.60% off the lows January…
$NYMO 88 highest since last July. Extreme. Market will need a rest.
VIX futures curve continues to be inverted or backwardation state, stayed that way all last week too as a red flag that rally was unstable and likely very driven by OPEX flows. Markets will stable unstable as long as the VIX curve persists in this term structure
$VIX futures curve still inverted which says caution warranted until it gets back to contango which is the normal slope of further out months having higher IV. Things have been so crazy that the market is literally saying there is more risk in the next month (26.5) than going…
Amazon is now trading at its lowest earnings multiple ever. $AMZN
$BTC looking like a good indicator of where risk is for the week. Possible Monday bottom for $SPY.
Another way to visualize Cumulative New Highs/Lows is this chart. Notice how clean the uptrend was all last year since the late 2023 bull cross up. Reason why buying dips was the play. The lower high in January also was a clear warning. Now its trying to curl up but still has…
CC: @baseballcrank @AndrewCMcCarthy @RichLowry
If you tell people that the law allowed this, but doesn’t allow summarily sending them back Guess how people are going to feel about the law
This stupidity from open borders”cons” making a fool of themselves like Emily here & @AndrewCMcCarthy @RichLowry @baseballcrank and basically everyone at NRO, Bulwark etc. The man is El Salvadorian & has been under a deportation order for 6 years that was ignored by Joe Biden.
Easy double. $QQQ
Nasdaq $QQQ massive late day buyers of 25,000 June 30th $485/$530 call spreads for $5.08
Shorts are going to have their faces ripped off clean on Monday
Some numbers to keep in mind posted this morning Jamie Dimon thinking earnings estimates need to come down around 10%, conservative say that puts us $235 S&P earnings, 18X is 4230, 19X is 4465, 20X is 4700