Richard Newton summary 8/11
Deuteronomy 34:5
We are human and flawed by nature. You can’t deify humans. Wanting to raise ourselves up but we fall short because we are human. Just a man, stay humble.
On paper super boring week. Flat max pain 22.5
Nothing corporate going on. We will start to see institutional data this week.
FTD from June should be due this week. Could be a move up. But most models showing mixed signals/crab. Hopeful there could be a move this week
Will RSI reverse this morning?
Stock is so suppressed right now
Plenty of shares to borrow. Where did they come from. Very curious.
Why do they want to force it down so hard at end of day?
Everything is presenting nearly as bearish as it could get: close to cash per share x 2 (hedgie line of death that Newton discovered) also close to cohen’s buy.
Very large call walls above us.
Do we see PMO switch positive? (RK main indicator he discussed)
Institutions are changing their sentiment. Newton worried about being biased towards the upside, but seeing increasing institution interest makes him feel more confident in his optimism.
Newton most looking forward to xrt or gmeu off reg sho. Will they try to get those off reg sho?
7.3 billion CAT errors from the offering. We are now in the period where we would see a positive move from CAT errors
Yellow star swap has been the controlling factor but we have moved past or are moving past, and now pink star swap influencing things.
Discusses open interest and how Skaana one of the bond buyers hedged with massive amounts of five dollar puts
Number one question is will they try to get XRT and GMEU off reg sho?
If I walk away from making videos that doesn’t mean I’m going to exit my position as people keep saying. April will be last episode. He doesn’t like being so publicly visible. Wants his privacy back.