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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (80055)	6/7/2023 12:15:51 PM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 98055

I just put this out a little while ago... I just took an early look at max pain and it looks to me like too many puts for a meaningful drop this week. Open interest isn't high though so no guarantee. Next week has a floor above 4200 SPX/420 SPY. A bunch of puts below 420 and a solid floor at 4000/400 — Lee3 (@Lee_Lichterman) June 7, 2023

To: The Ox who wrote (80055)	6/7/2023 12:36:54 PM
From: Sun Tzu	1 Recommendation Recommended By The Ox Read Replies (1) \| Respond to of 98055

The bullish news out of China is that the government will be accommodative, esp. for housing and manufacturing because exports are falling, debt is soaring, and youth unemployment is at an all time high. So the metals, and perhaps oil has hit bottom and economy will be on the way up. The bearish new out of China is that RE is on the verge of collapse. The local governments' revenue is tied to RE and their debt is too high, which means the local govs are on the verge of collapse. Youth unemployment is at an all time high, which means riots could breakout anytime. And on top of that, they might break the HKD peg. Every event can be viewed as glass is half full or half empty. The buyers and sellers can't be both right. ====== Unrelated - What is your take on FDN and FXI?