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Misc Stock Market

LOL, I’ll buy anything if it makes money but a bit nervous that FB could be a falling knife right now. But it might bounce back, the earnings reaction was surely overblown, just a bit nervous how tech as a whole is going to do in a rising interest rate environment.
Don’t worry if it breaks down I’ll bail. I’m notorious for my pillow hands.
 
Amazon...broke the channel to the downside last week and of course the dip buyers came pouring in. I still think it breaks down over the coming weeks...but we will see.

Right now it looks like an epic bear trap.


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added back some $AMZN puts....$3050's for $31. Added 4...this is really reckless of me but it's yolo Friday I guess.

Well this may blow up in my face...I have a stop set but I have given away 2/3 of my profits from th opening trade.
 
Tech is pissing me off...10yr is running, why is tech so strong. Well NQ tagged $14360 which is big support, a break below that things get ugly. Bulls are going to fight hard to protect that support.

The real fun begins if $13700 breaks.

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Well I gave back 70% of my profits on the day trying to get cute on some shorts....why I rarely short. Who would have guessed the market would rip so hard today. The jobs numbers just cements multiple rate hikes and QT this year which I guess the market now doesn't care about. I suck.
 
Well I gave back 70% of my profits on the day trying to get cute on some shorts....why I rarely short. Who would have guessed the market would rip so hard today. The jobs numbers just cements multiple rate hikes and QT this year which I guess the market now doesn't care about. I suck.
??
 
Sold my Amazon calls this am and bought a bunch of $3055/3050 2/18 put spreads . Already up 2300 on them

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Everyone snag Peloton outs Monday am . It's up 30 percent on Amazon buyout rumors which is stupid. A few weeks ago it was apple buyout rumors. Their ER will suck on 2/8 . Easy money


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I just started options trading today, wow is it lucrative if you time things right. Made 5.6% on SPY calls in about 1 minute lol and almost bought PUTS EOD that would have printed a 500% gain had I bought them. What options do you like trading, indexes or earnings plays? What do you look for with good option plays?
 
I just started options trading today, wow is it lucrative if you time things right. Made 5.6% on SPY calls in about 1 minute lol and almost bought PUTS EOD that would have printed a 500% gain had I bought them. What options do you like trading, indexes or earnings plays? What do you look for with good option plays?
First one's free.
 
Amazon with a $400 gap fill to the downside that I think gets filled but it keeps going up so ... ?‍♂️

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Bought some FB today. Has given up almost 4 years of gains. It’s a cash machine. Everyone is doubting Zuck but maybe he’s right with this whole metaverse thing. ?‍♂️

Extremely oversold…

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Watching SPY for a breakout of that resistance line. CPI on Thursday…as long as it’s not even more ridiculously high I think market rallies. Big if though…

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Watching SPY for a breakout of that resistance line. CPI on Thursday…as long as it’s not even more ridiculously high I think market rallies. Big if though…

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ES futs broke through that trendline resistance...let's see if this is an epic bull trap or the real deal.

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The bond rout last week was so bad that my dad noticed and said that the bond rout hit him more than the stock rout on Thursday.

Maybe we're close to some mean reversion? Because that was the first time I can remember him commenting about a bond selloff.

Now that I put this down, I'm sure that we're about to see CPI print an 8 handle and get another stock/bond rout tomorrow...
 
The bond rout last week was so bad that my dad noticed and said that the bond rout hit him more than the stock rout on Thursday.

Maybe we're close to some mean reversion? Because that was the first time I can remember him commenting about a bond selloff.

Now that I put this down, I'm sure that we're about to see CPI print an 8 handle and get another stock/bond rout tomorrow...
Going to take the opposite view here and make some money! :D

Stocks had their correction. Time for liftoff!
 
IWM fought back and is back in the channel...

Weekly chart...tough to chase here but...

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IWM fought back and is back in the channel...

Weekly chart...tough to chase here but...

Eh, it's splitting hairs a bit, but I think it needs a bit more.

2080 was the bounce spot several times before the Russell broke down. If it can close above to end this week and hold, it's possible it made an important low, and I would have not thought that there'd be any chance of that.

Maybe that's going to happen. It correlates with crypto a bit, and crypto has held up well lately, which was something that I found interesting on Friday, as that doesn't correlate with risk is off. People want it to separate from stocks, but it often trades with hypergrowth stocks...
 
Bought some FB today. Has given up almost 4 years of gains. It’s a cash machine. Everyone is doubting Zuck but maybe he’s right with this whole metaverse thing. ?‍♂️

Extremely oversold…

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This worked...picked up around $217 yesterday...just sold some at $229.5. It looks good, probably should have just held.


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Added back some $FB this morning at $228. Added back what I sold yesterday at $229...which was dumb. Still looks like it wants to go up. Has a huge gap up above....

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Added back some $FB this morning at $228. Added back what I sold yesterday at $229...which was dumb. Still looks like it wants to go up. Has a huge gap up above....

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I was jealous of those 219s you got been accumulating this one a bit too. Trying to decide if this is a long hold for me.
 
Added back some $FB this morning at $228. Added back what I sold yesterday at $229...which was dumb. Still looks like it wants to go up. Has a huge gap up above....

That gap and the NFLX gap is going to remain unfilled for a long time most likely. They were breakaway gaps, and you have a lot of funds stuck in there that likely want out and are willing to do so at a loss.

That doesn't mean that it can't go higher now...I'm hoping that it does so I can dump my bags for less of a loss. -.-

Maybe it can get to $270 within the next couple weeks. If it does, I'm bailing for sure as I can easily envision a BABA like deal this year.

In other news, the Fed might have no choice but to do 50 bps next month and they were trying to walk that back as recently as 24 hours ago through Bostic and Mester. The 2 year looks like it did not respond yesterday, and I don't think it's going to respond anymore to them trying to jawbone.
 
IWM with what looks like a rising wedge but looks strong...if it gets through $209

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I was jealous of those 219s you got been accumulating this one a bit too. Trying to decide if this is a long hold for me.

$FB I think tests $248 soon but I think it probes into the gap in the coming months. It's very cheap...relative...they are a cash machine.

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