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Misc Stock Market

Thor said:
Yeah I have 0 shares at the moment and it's making me all itchy haha. 10-12 I'd start jumping back in.
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hoping for 10.51 but I get the feeling of shorts can break it below $10 we’ll get a lot of panic selling
 
If QQQ doesn't hold $325, I think the cup and handle will be invalid.

But instead of a crash, I suspect it p****es everybody off and oscillates within a range until July, probably.
 
Jimmy Hypocracy said:
hoping for 10.51 but I get the feeling of shorts can break it below $10 we’ll get a lot of panic selling
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Agreed, shares can be shaken easily on this one because it's speculative, so whatever entry I'm planning will be with the understanding I'll most likely need to average it up or down a bit afterwards.
 
KyloG said:
Into more cash today after $AMD, $MSFT disappointment. Took a lot of profits from the past few weeks and closed some positions. Both AMD/MSFT crushed earnings and sold off...how is $QQQ going to make new ATH's with the best companies blowing out earnings and then selling off.
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Today is why I moved to more cash last week. Sheesh...
 
ARKK is basically a gigantic nasty bear flag and at this point, with it having failed to break out a few times, it's probably resolving lower.

Quality is probably joining them this time I'm afraid, maybe not with it being "as" bad, but you have a couple indices that are really overdue for a deeper dip.
 
Started a fairly big position in $X this morning at $24.80. Sold half at $25.90 and holding half for now. Looks strong. Also, still holding my $FDX, $TGT and $NCLH positions...been in those for a bit. But, like 80% cash right now.

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Jimmy Hypocracy said:
Missed my MVIS entry. Really impressive red to green move this morning/afternoon. Banger
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Me too, had a buy order set @ 12.50.... these parabolic moves are kind of stupid lol. If I knew how to time them I could be a millionaire, if's and but's were candy and nuts smh
 
NYSE A/D made a new ATH yesterday and none of the major averages joined in. So, last Thursday probably wasn't "THE" top as at least a medium term one (based off how that day went, I didn't think it was anyway) but based off the way today has gone, the broader markets very likely aren't done pullback wise.

Although of course, March 18th had my jaw on the floor with how bad it got in the Nasdaq (that was the random -3% day) so who knows, could need to see at least one more day.
 
GME stans...unbelievable. They’re grasping at any kind of straw that their thesis is going to happen...like we haven’t already seen a day before where the Nasdaq dropped 3% out of basically nowhere (I was worried before yesterday but I didn’t have that in mind) and deleveraging hasn’t already been going on at times with there not being much of a response in the short squeeze thesis stocks...

This was initially funny but now I couldn’t care less if they just delisted this stock or at least banned option buying.
 
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Even if you don't hold any ARK ETFs, I feel like this is a good indicator of appetite for riskier stocks and this is a very ugly signal. It closed below the 200 day moving average for the first time in over a year today and what we've seen from early March can be interpreted as a huge nasty bear flag or bear triangle.

Still hasn't broken below its March lows but it's in the danger zone big time. If it fails around there, it's going to get even nastier in the growth/unprofitable tech realm and I kind of feel like everything else isn't going to be so lucky this time, which is why what happens with this ETF is of interest to me.

I felt as if another move up in the major averages was there if wanted this month but it's unlikely to happen if we're about to see the next step in the speculative unwinds.
 
GeorgiaGirl said:
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Even if you don't hold any ARK ETFs, I feel like this is a good indicator of appetite for riskier stocks and this is a very ugly signal. It closed below the 200 day moving average for the first time in over a year today and what we've seen from early March can be interpreted as a huge nasty bear flag or bear triangle.

Still hasn't broken below its March lows but it's in the danger zone big time. If it fails around there, it's going to get even nastier in the growth/unprofitable tech realm and I kind of feel like everything else isn't going to be so lucky this time, which is why what happens with this ETF is of interest to me.

I felt as if another move up in the major averages was there if wanted this month but it's unlikely to happen if we're about to see the next step in the speculative unwinds.
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Tech is stalling my portfolio for the year. I’m down in a few tech holdings. Sucks because I’ve been holding them for months and was up big. I hate that I didn’t sell but I’m only down 5% on my portfolio, but that just shows it’s eating at my gains. I have hope it will rebound. Some of these tech leaders have dumped 30%, especially ARK holdings which a lot of people were buying just because she would. I own TDOC and it took a huge beating, but I bought it at what I thought was a dip into the 100s only to find it continue even after consolidating for almost 2 months! Just crazy. I feel like what used to come so east doesn’t make any sense anymore when it comes to the market. COVID rebound + Crypto + ballooning valuations = chaos.
 
Made my first good stock decision based solely on its chart this morning ! I looked at MVIS and it looked like it was ready for breakout to me and I got in premarket! Hoping for 18 before I sell , probably won’t hold over the weekend lmao. AT&T is my biggest position rn, put a lot of money into it and it’s paying off . Trying to really build a strong portfolio in large companies , especially ones that pay nice dividends !
 
ARKK is now down 34% from its ATH.

Completely mind blowing even if you have no position here. It's given back most of that burst from after the election now.

Some speculation that it might have all not been real to boot as well with that shocker that Cathie revealed on Friday. Some think that her specialty might have been OTM call buying causing gamma squeezes, and once Hwang got in trouble in February, that dropped off.
 
SPY had an ugly daily and tech had a nice bull trap on Friday. Total melt down today.

still in a lot of cash

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Were these just gamma squeezes? As although I've seen some crazy things occur, what happened in the two weeks after what I now call memapalooza for some stocks is pretty dang staggering and I never noticed it until I was looking deeper at ARKW:

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Makes a girl wonder... Some think that the entire August Nasdaq runup was a gamma squeeze pump, but I'm looking at this and this might be even more blatant (you can see this in some other stocks too). I'm sure it's purely coincidental that these charts look quite similar to VIAC for example...

Oh and although I will likely look in about 45ish minutes, I do not even need to look at the futures for the top 3 indices to know it's bad and as of now my March 9th idea is dead (where this was just too violent a move). I've become a degen that watches the Nikkei lmaoo.
 
GeorgiaGirl said:
Were these just gamma squeezes? As although I've seen some crazy things occur, what happened in the two weeks after what I now call memapalooza for some stocks is pretty dang staggering and I never noticed it until I was looking deeper at ARKW:

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Makes a girl wonder... Some think that the entire August Nasdaq runup was a gamma squeeze pump, but I'm looking at this and this might be even more blatant (you can see this in some other stocks too). I'm sure it's purely coincidental that these charts look quite similar to VIAC for example...

Oh and although I will likely look in about 45ish minutes, I do not even need to look at the futures for the top 3 indices to know it's bad and as of now my March 9th idea is dead (where this was just too violent a move). I've become a degen that watches the Nikkei lmaoo.
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It doesn’t sound good and why would she admit this on CNBC.
 
Rain Cold said:
Nice typical reversal fakeout of the breakdown fakeout of the previous breakout.
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call me a sucker...I did long some SPY at $410, IBB at $146 and $DIS at $179. I also added CME through $210, been consolidating. I took profits on 30% of that on the bounce. We are in such a different stock market with retail buying up dips.

really unhappy about $VUZI...I thought I had bids placed in the yellow box but I guess they didn't save on Fidelity. Fib showed bounce in that area.

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Personally I didn't find that turnaround to be very convincing. I remember the Nasdaq in particular did something like this on February 23rd (although it was more extreme on that day) and a couple days later it dropped 3.5%.

I'd be more convinced had it either ramped more than this (instead every time it went positive it got hit) or if Apple had come back completely. Instead, you might have seen a bunch of short covering in speculative tech as it has been absolutely hammered already (the interesting thing is although ARKK was +2%, Tesla was negative lol).

But perhaps another bear trap got laid today. That would not be that surprising for this world where outside of memapalooza in 2021, market sell offs seem to just be a couple hours most of the time with a couple of exceptions (February 25th and the first of the year lol). It'd make sense as the way the VIX was behaving after it rejected last Tuesday became a bull trap. I am not overly bullish but VIX crush Friday had me fooled last week.
 
Tough trading or even investing right now. $CRWD best of breed cyber security was just getting pummeled but today decided to rally 10% off the lows. So many stocks with these big engulfing daily candles. Which is why I just longed SPY instead.

Sold CME/DIS at HOD. Market is to crazy right now.

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GeorgiaGirl said:
Personally I didn't find that turnaround to be very convincing. I remember the Nasdaq in particular did something like this on February 23rd (although it was more extreme on that day) and a couple days later it dropped 3.5%.

I'd be more convinced had it either ramped more than this (instead every time it went positive it got hit) or if Apple had come back completely. Instead, you might have seen a bunch of short covering in speculative tech as it has been absolutely hammered already (the interesting thing is although ARKK was +2%, Tesla was negative lol).

But perhaps another bear trap got laid today. That would not be that surprising for this world where outside of memapalooza in 2021, market sell offs seem to just be a couple hours most of the time with a couple of exceptions (February 25th and the first of the year lol). It'd make sense as the way the VIX was behaving after it rejected last Tuesday became a bull trap. I am not overly bullish but VIX crush Friday had me fooled last week.
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Things are so off, I not sure if anyone knows what is happening or going to happen. If you figure any of this out, be sure to share with us.
 
Props to the market bears, for the first time in several months (late October), you've likely won.

I knew it in my gut that yesterday's Dow move was an all bad signal. It's laid bear traps before in the past 6 months or so but losing 1000 points (now over that too) that quick wasn't a great omen.

I don't think that this is "IT" for the late in 2018 like move that I was suspecting was going to happen at some point or if it even gets as bad as late October, but you are likely to at least see SPX and the Dow fill all of their April gaps now.
 
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