1/ I don't know why @TheRealCletus1 can't do this himself, but I have to do it for him.
Odd, uncharacteristic and one-off items surrounding the Biden presidency.
1. Biden sworn in 14 minutes early..
2. Trump leaves on AF1, Biden flies small private jet.
More from Biden
Front page of the Wyoming Tribune Eagle on this date January 21, 2021. #OTD #Inauguration2021 pic.twitter.com/9fmnaJtChM
— Dr. Jeffrey Guterman (@JeffreyGuterman) January 21, 2021
Front page of the Independent Record on this date January 21, 2021. #OTD #Inauguration2021

Front page of The Atlanta Journal-Constitution on this date January 21, 2021. #OTD #Inauguration2021

Front page of the Daily News on this date January 21, 2021. #OTD #Inauguration2021

Front page of the Tallahassee Democrat on this date January 21, 2021. #OTD #Inauguration2021

Biden will have two options:
— Sahil Kapur (@sahilkapur) January 23, 2021
1. Cut the price tag sharply to court GOP support.
2. Use reconciliation to do what he can with 50 votes\u2014some stuff has to go, like $15 wage.
(A 3rd option is nuke the filibuster but @PressSec says he doesn\u2019t favor that.)https://t.co/AV49BcmDaI
This👇is the danger. By using reconciliation you’re conceding the point that major legislation deserves to pass by majority vote, but only certain kinds for arbitrary reasons. Plus the process itself is opaque and ugly. You risk laying a logistical & political trap for yourself.
Obvious answer is 2b where you tie yourself in knots trying to go nuclear lite and totally lose the plot in the process
— Liam Donovan (@LPDonovan) January 23, 2021
All the “here’s what you can do through reconciliation” takes are correct but also look through the wrong end of the telescope. Any of the items mentioned, or a small number of them, would be relatively easy. But putting them all together in one leadership-driven mega package...
... with no committee involvement and no real oversight, enduring tough press for jamming a massive package through a close process and stories about lobbyist giveaways while dodging the adverse parliamentary rulings that are virtually inevitable and still maintaining 50 votes...
It’s possible! Maybe the mega-ness of the package ends up helping hold 50 votes. But the ugliness of the process is being underpriced. And to what end? You’re just delaying the inevitable since you can’t use it for civil rights nor can you allow civil rights to die by filibuster.
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Covering one of the most unique set ups: Extended moves & Reversal plays
Time for a 🧵 to learn the above from @iManasArora
What qualifies for an extended move?
30-40% move in just 5-6 days is one example of extended move
How Manas used this info to book
The stock exploded & went up as much as 63% from my price.
— Manas Arora (@iManasArora) June 22, 2020
Closed my position entirely today!#BroTip pic.twitter.com/CRbQh3kvMM
Post that the plight of the
What an extended (away from averages) move looks like!!
— Manas Arora (@iManasArora) June 24, 2020
If you don't learn to sell into strength, be ready to give away the majority of your gains.#GLENMARK pic.twitter.com/5DsRTUaGO2
Example 2: Booking profits when the stock is extended from 10WMA
10WMA =
#HIKAL
— Manas Arora (@iManasArora) July 2, 2021
Closed remaining at 560
Reason: It is 40+% from 10wma. Super extended
Total revenue: 11R * 0.25 (size) = 2.75% on portfolio
Trade closed pic.twitter.com/YDDvhz8swT
Another hack to identify extended move in a stock:
Too many green days!
Read
When you see 15 green weeks in a row, that's the end of the move. *Extended*
— Manas Arora (@iManasArora) August 26, 2019
Simple price action analysis.#Seamecltd https://t.co/gR9xzgeb9K