sonidofranko

sonidofranko

Alot of chatter about bonds breaking upward. But I'm thinking there may a short term bounce on the tlt - Looking at May 10 $89 - $89.5 - $90 Calls Lotto contrarian play - Ill see what they do in the morning

sonidofranko Updated 

Double top or can this turn into a double bottom? I have the strange feeling that the DEA may not reschedule due to lack of data or some other bs lame reason. If this happens, I can see this double top playing out and stock dropping back down to the $4-$5 area. If the DEA does reschedule marijuana - I can see a double bottom playing out from neckline and stock...

sonidofranko

I just bought 4k shares and some June & Sept $2 lotto calls, Not really liking what I'm seeing here overall, but seems like it's at the bottom of the channel/oversold. Hopefully we are close to an answer about DEA rescheduling - which could drive a breakout from this symmetrical triangle. Risky

sonidofranko

Wait until $60 to $65 = then short this pig Looks too easy right?

sonidofranko

Purchased some 3/27 & 4/3 $13 calls today. Get some! Still thinking the big correction coming in may

sonidofranko

Looks like it's broken out of that channel, however I think it goes back down prior to earnings in November. Seriosuly considering long term LEAPS on this. The Jan 2025 $3 calls are super cheap. Book value is $15. Let me know what you think? Pros 1. Rising trade 2. Receding inflation/lower rates 3. Better political environment 4. Revisions up for GDP...

sonidofranko

Weed jokes aside.....this one is heading higher. Bought back in yesterday - anticipated a falling wedge breakout. 1. No confirmation yet 2. Had a 50/200 cross the other day 3. 50 curling up 4. Breaking out of falling wedge 5. Open gap at $11+ 6. Congress will eventually clean up their mess 7. Surprise rescheduling perhaps.

sonidofranko

RSI crossover - huge gap down at the $143 area !!!. Possible short into ER in Nov. Bearish Engulfing This SODA IS FLAT AF!!!!

sonidofranko

Broke down. Got out a while back at top of channel, but looking to buy back in if RSI goes down to 25 to 30 oversold conditions for short term trade. Morgan just upgraded global energy, but, XLE just printed the mother of all gravestones. Most this year I've noticed more of a divergence between natty vs crude (not sure about this) - gonna be really patient with...

sonidofranko

Just hit the only monthly buy signal its ever had. Next gap up on the daily @ $11.18. Heavily shorted sector. Weed = 6th largest cash crop in US DOJ will agree with HHS. SAFE Banking this month. Most holdings are trading way under book. I once smoked way too much of that butane hash/wax/dab stuff once and I literally saw the back of my face with my...

sonidofranko Updated 

This statement is especially true if you look at the leftover Chinese food in my refridgerator. Looking to go long around 08/14 to 08/16 - it may fill that open gap below at $14.15 before it resumes it's moon journey. Eyeballing the 09/20 $14.50 to $15 calls - depending where we are at on the aforementioned days. Remember 08/16 is FOMC. Really no clear signal...

sonidofranko Updated 

Absolutely slammed into $3.00 - pullback into previous resistance. I have AMEX:BOIL puts I am selling in the morning. Will look into buying calls, especially if Natgas breaks below this resistence at where we are at now. WIll look to buy tomorrow and/or buy/add possibly next week. I still think that NATGAS is in an uptrand. Looking to break past $3 to the...

sonidofranko Updated 

I still believe that marijuana was way funner to smoke when it was illegal and frowned upon. At my age now, I hate the stuff - to strong/don't like the way it makes me feel. LSD BABY! Despite all that, I am closely watching MSOS. Three things: 1. SAFE Banking Act will make this pop. Our do-nothing senate reconvenes in Sept. 2. Just read an article about a...

sonidofranko Updated 

Stalin said that imposing Communism on Roman Catholic Poland was as absurd as putting a saddle on a cow. Can't stop thinking about Black Sea blockade Can't stop thinking about Poland and Lithuania amassing at the border Can't stop thinking about Ukraine/Russia war escalation Can't stop thinking about Hunter Biden's huge penis Loaded - 08/16 $14 calls

sonidofranko

F*ck that - gonna watch the Vix buy signal on the weekly. Usually lasts for 2 to 4 weeks. Lets see what happens by Friday. Fitch downgraded US Credit because of Jan 6th Riots? Theres like a 100 more things on top of that incident that I can think of that warrants a downgrade.....

sonidofranko Updated 

I don't know. Could be a bearish channel. I mean.... 1. Half the world is on fire right now. 2. Europe is seeing record heat with no end in sight. 3. 1/3 of US has heat warnings 4. Some little Mexican guy named El Niño wants to kill us all 5. North Atlantic surface temps never been this high 6. In Phoenix, you can fry an egg on your wife's ass 7. All the idiot...

sonidofranko Updated 

Bought the 7/26 calls at the $3.50 strike price yesterday. If you notice, I front-ran the buy signal, that still hasn't shown up....YET?!?! But this is the VIX, you need to move quickly. I may hold, I may sell or I may roll. Not sure yet. Let's see how the week ends. This call expires on Wednesday FOMC......soooo Not sure what I wanna do with this trade yet....

sonidofranko

The Poop Ladder is a technical reversal signal indicating a huge dump is coming. It's funny that the first round of layoffs actually made this pos pop after a huge miss. Won't work this time. Remember what ol' Zuck said - prepare for a ‘new economic reality’ that could last ‘many years’ = which translates to $180.90 gap that needs to be filled. The Poop...