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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (13984)	6/10/2022 11:32:23 AM
From: Sdgla	Respond to of 26769

Taxes ? Joe wants to spend $6 Trillion more claiming taxing big corps will pay for it : news.yahoo.com This group of clowns are clueless and yet this inflation debacle can be fixed .@DavidBahnsen: "The area of inflation that matters the most to the market, the economy and I kind of think politically… is energy inflation. Energy inflation is on the supply side, which means we could do something about it if we wanted to.”@MariaBartiromo @FoxBusiness pic.twitter.com/NH0cmdS42E — Mornings with Maria (@MorningsMaria) June 10, 2022

To: Kirk © who wrote (13984)	6/10/2022 12:10:42 PM
From: robert b furman	1 Recommendation Recommended By Kirk © Respond to of 26769

Hi Kirk, Clx numbers are now working through a small group of large positive offsets. Todays offset is +19 and Monday is +24 so this is a rough patch in the ten day. After Monday the offsets are +5. -3, +3 -5 and the following week is -10, +8, -5. -19 The 30 day offsets are for today +5 and next week: -13. -6, +6, +15, -8 and the next week is -2. -15, -8, -11, -9. Looks like we may have a late run up into expiration and even better the week after. For the end of the month both the 10 day and the 30 day are in sinc - which usually results in a good run up. The fly in the ointment might be we have a truncated wave 5 and it could morph into a Cwave down. Clx doesn't suggest that, but we're on a steep decline within a bull flag, so support needs to come in. The put premium is once again very inflated. I bought to close my Intel July 40 at break evenput and dropped down to a $30 put, but further out in time. If assigned owning INTC will yield 5%. January 30 puts at 1.32 as I type. Net purchase price at 28.70. $1.46/$28.70 = 5.087% yield. I get paid to wait for Gelsinger's plan to become a turnaround. May well get better. So far today it looks like we've got a truncate 5th wave of 4. So the B wave shuts down early and we dive into a Cwave down. Headfake over the weekend, of a big C wave to go! Bob Bob