Better save some for the tax man.Out. Quick $100. Covered my Walmart groceries. ?
Market apparently rattled by Russia News but also by the unscheduled Monday Fed meeting now on the books.
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Misc Stock Market
- Thread starter ForsythSnow
- Start date
Market apparently rattled by Russia News but also by the unscheduled Monday Fed meeting now on the books.
In 2016 and the end of 2018 S&P dropped all the way to the 200wema. Currently, it's at $351 which is another 20% down from here. Tough to imagine the market dropping that much...
It will someday. If the Fed moves to slow it's purchases and begins tightening rates, why would it continue to rise unabated?
Storm5
Member
Regardless of any potential war emergency fed meeting and the fed minutes being released Wednesday will not cause a multi day rally
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Storm5
Member
Also PPI is released Tuesday
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Retail has changed everything in the stock market. That’s one thing that could keep this from that type of decline. The retail mob buys every dip…?
Retail money will run out one day, Feds can't prop the market forever, everything that goes up eventually comes back down, I don't have a clue when but one day the fall is gonna be brutalRetail has changed everything in the stock market. That’s one thing that could keep this from that type of decline. The retail mob buys every dip…?
They are always the last leg before the crash. Always.Retail has changed everything in the stock market. That’s one thing that could keep this from that type of decline. The retail mob buys every dip…?
Storm5
Member
Big tech was wrecked today apple , Amazon and Tesla all broke support levels at the end of the day . Amazon has a huge gap to fill sub 3k and Tesla's next support is in the pits of hell
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Storm5
Member
I agree and not just because I'm holding a ---- load of puts . This market is a bloated pig and needs a major pullback before it rips again before midterms . Can't print damn money forever a war while horrible for Ukraine would be healthy for the market in encouraging a huge dump
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Agree 100%
Tarheel1
I TOLD YALL IT WASN’T GOING TO SNOW
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So when are gas prices gonna come down , with crude that low??
Gonna be a long long time.
Retail can’t prop the broader markets up. No shot. The rotating that has saved the market over the last year is most likely not retail money. We’re just along for the ride.
Yes, when the common man is talking about stocks it’s a sign the top is near. It was as true in 1929 as it is today.
Back in 2000 I was working with a friend of mine at a big tech company. His dad was a president of a bank, and one day he told us this story....he said he was walking into a branch one day and he was talking to this little old lady and she says to him...'I want to buy some Cisco stock"....he asks her...' well do you know what Cisco does"....she responds...'no, but the stock keeps going up'. He's telling us this story and he says to us...the top is probably in. Needless to say he was right. And, suffice it to say my friend and I didn't sell our options and we lost out on a lot of money.
Cisco's chart back in 1999-2001.
To me, Telsa is the poster child for a large cap tech that is extremely overvalued like Cisco was back in 2000. NVDA is another. Cisco's PE ratio peaked at 180 back in 2000...Tesla's PE ratio is 176 as of yesterday.
GeorgiaGirl
Member
That "meeting" by the Fed on Monday is not an emergency meeting to discuss an emergency rate hike. It is a typical meeting in which you can find similar wording for in January, December, and so on I believe.
And yet many have run away with this and turned an "expedited" meeting into an emergency meeting, and it's very possible it was the cause behind what was seen up to 1:30 ET on Friday considering that tech was underperforming.
Anything that happened after was Russian fears.
Photo for proof.
Having said that, 3800-4000 is very likely before the next FOMC meeting even happens. From there, it'll be interesting to see if whether the conventional wisdom of a rate hike taking stocks even lower from there happens and we see an outright market crash, or if not.
This wasn't my thought until the Bullard tape bomb occurred, but it is now.
And yet many have run away with this and turned an "expedited" meeting into an emergency meeting, and it's very possible it was the cause behind what was seen up to 1:30 ET on Friday considering that tech was underperforming.
Anything that happened after was Russian fears.
Photo for proof.
Having said that, 3800-4000 is very likely before the next FOMC meeting even happens. From there, it'll be interesting to see if whether the conventional wisdom of a rate hike taking stocks even lower from there happens and we see an outright market crash, or if not.
This wasn't my thought until the Bullard tape bomb occurred, but it is now.
Everyone looking at the same charts...all can see the head and shoulder pattern in both tech and S&P. It's still tough to imagine SPY dropping all the way down to $400...but a close below $426 opens that possibility. Keep expecting the market to rip higher and push to ATH's as that's all we've seen for several years now.
Storm5
Member
Haha jeez spy moves like a penny stock now
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Storm5
Member
More blood this week
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SPY touched 435 in pre market trading
FB red Q’s green. Where did this idiots rotate their tech money? Pretty flat out there for the most part.
Storm5
Member
It's going to 430 this week . PPI tomorrow , fed minutes Wednesday and whatever Putin does . I'm literally short on 15/18 of my positions . Not holding any weeklies though . Too risky for me
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Indecisive spinning top daily dojis accross the board. Market is scared.
Seasonality this period is weak until end of March but it just feels like people want to buy right now.
This doesn't look bullish that's for sure. Rejected the 200dsma today.
I don't have much on right now, it's tough to get any kind of read.
pcbjr
Member
aren't you?
Yeah but I’ve been scared for a year and look where that got me ?
Not one tiny bit
Considering going full degen and throwing some funds into UCO. Think there’s a good chance oil pumps, especially if Russia invades Ukraine. Hmm.
I made a decent play on USO (which isn’t 2x leveraged like UCO) during the depths of Covid that gave me great returns, just wish I put more into it than I did.
I made a decent play on USO (which isn’t 2x leveraged like UCO) during the depths of Covid that gave me great returns, just wish I put more into it than I did.
Markets are ripping....people were dying to buy...until the market sentiment of buy the dip changes it's going to be tough to drive these indexes lower. I don't have much on but I am not chasing here either.
Yesterday you had to guess whether Russia was going to start a world war if you wanted to be short or long...just a total clown show of a market right now. It's like rolling craps in Vegas.
GeorgiaGirl
Member
Should’ve posted this before I went to sleep, as it’d have looked smarter then:
I would not count on PPI producing a similar day to CPI day. Because off what I remember, it hasn’t.
Now it’s not gonna happen unless PPI is a massive beat to the upside. But I wouldn’t count on this holding because the last time the Nasdaq was up 2% before the bell at any point, it threw it away during trading hours. Previous two times were big rally days, but the last time wasn’t.
I would not count on PPI producing a similar day to CPI day. Because off what I remember, it hasn’t.
Now it’s not gonna happen unless PPI is a massive beat to the upside. But I wouldn’t count on this holding because the last time the Nasdaq was up 2% before the bell at any point, it threw it away during trading hours. Previous two times were big rally days, but the last time wasn’t.
PPI came in crazy hot...the sentiment now is "inflation has peaked". ?
Indexes didn't really budge on the news...Fed is still buying assets and rates are still at 0%. ?
Unless Russia goes to war it looks like the lows from January will be the low for the year. Time to start building positions, the market just doesn't care about inflation, QE, QT or rates.
Indexes didn't really budge on the news...Fed is still buying assets and rates are still at 0%. ?
Unless Russia goes to war it looks like the lows from January will be the low for the year. Time to start building positions, the market just doesn't care about inflation, QE, QT or rates.
Could we get a rejection of the daily MA200? This is SPY 
Prominent H&S: Negative
Prominent Double Top: Negative
S&P Rejection at 200 DMA: Negative
CPI Surprise Upside: Negative
PPI Surprise Upside: Negative
Fed Speakers Bearish: Negative
Fed to hike by 50 bps in March: Negative
GG/Reddit Index: Bearish
Outlooks for stocks: Bullish
Prominent Double Top: Negative
S&P Rejection at 200 DMA: Negative
CPI Surprise Upside: Negative
PPI Surprise Upside: Negative
Fed Speakers Bearish: Negative
Fed to hike by 50 bps in March: Negative
GG/Reddit Index: Bearish
Outlooks for stocks: Bullish
Storm5
Member
We could or it breaks and test 447 before the next dump
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Storm5
Member
Wait for it
