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Misc Stock Market

Hit the road today just before 12 to go see my grandma for her birthday.

Felt fine about the market as I was leaving, checked a little over an hour later even before what happened late in the session and was saying shoot already.

This kind of move (yeah it's not the first time this has happened this year) is more demoralizing than what I actually thought was going to happen today.

Two of the names that I'd watch for direction (NVDA and Google) haven't had the dam break, but the Nasdaq going up 2% and then losing it reminds me so much of the last short week in January (which also happened to be OPEX). Ugh.
 
Let’s assume the markets are headed for the depths of hell…it still should reject the short term ma’s…specifically the 20dema. It’s starting to get very extended from that…that would be a good swing and sell pivot.

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Jimmy Hypocracy said:
JP Morgan earnings fall 42%. Is this the beginning of the end?
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very concerning...risk-on assets are extremely vulnerable...
expecting a negative annual return for VTI this year...continued inflation until supply catches up (when?)
cryptocurrency market bleak this year (expect BTC negative for 22)
HOWEVER, long-term investors (5+ years), possible incredible DCA buying opportunities for 22/23
 
Fun day ahead. With these numbers the fed will almost certainly need to raise rates faster than projected
 
KyloG said:
Q’s missed my stop by 11 cents. $338.77 was my stop.

Currrently have Q’s, SPY, FB and PLTR working. Down a little in all but it is what it is. If Q’s stop get hit I will close FB and PLTR but let SPY work. Feel like I should leave something on…but that may change.

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So ticked I didn’t hold NVDA but FB/Q’s working. Still have SPy too.
 
China strands 30 million truck drivers to stem the common cold.
What a joke. But just another stroke to see us all go broke. And all the folks in DC only care about Wok. Lol, should have been a rapper.
 
For the life of me I don’t understand the price action on these spec bios. It had good news today, pumped and then the bottom fell out. I avoid these now.

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KyloG said:
Put to call ratio has been skewed bearish all morning. ?
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Yesterday the PCR was hovering just above 1 which isn’t bullish. Today better, but would like to see it down in the mid/low .7’s to close the day.

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I stuck with FB over NVDA yesterday as I think it has the most upside in the near term, assuming market doesn’t crater. Today it looks like the wrong move with NVDA ripping but we shall see. Fighting the 50dema.

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Amazon breaking out . Please sweet baby Jesus I bought 5 3200 yolos this am . Up 46 percent . I wanna dump them but damn I wanna hold them lol


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Intraday moves are just insane in this market....so hard to chase and so hard to just watch.

No clue if Q's will be $350 or $340 tomorrow...?‍♂️


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Trimmed 1/3 of FB here at $215.6....I added quite a bit this morning and this is a big candle.

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Yesterday's candle had to shake out a lot of people, rejected the moving averages, engulfing the prior days...and then you get this. This market is so nuts...

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Had the trade pegged today. Bought 50 0dte 442 call contracts at .37 this morning. Stopped out at .30. Now worth 1.90

It’s so hard to trade and work a job. I don’t have time to babysit positions. Man I’m frustrated. That’s two +400% positions I’ve been stopped out of in the last 7 days.
 
KyloG said:
Yesterday's candle had to shake out a lot of people, rejected the moving averages, engulfing the prior days...and then you get this. This market is so nuts...

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Everybody gets all panicky when the S&P drops. You get it right back within a day or two. 20 points, 50 points 120 points, it doesn't matter.
 
Figure it’s a good time for a reminder…

April CPI last year was already so horrible that it’s going to be a steep task for it to be beaten next month.

In fact, core stripped of food and fuel is not going to get beaten. As I think it was 0.9 MoM for April 2021. That’s going to get traded for a number that is much lower (maybe another 0.3), and although it’s a mistake to, the market likes to focus on this number instead of the number that has it…CPI core stripped of food and fuel missing to the downside was a role player in putting the S&P at a new record in October of last year.

Unfortunately this doesn’t mean there’s going to be relief price wise. Think oil probably starts getting solved next year, what’s going on in food will need a very deep recession to happen for it to be fixed me thinks.
 
Take a look at ATER. Shorts are caught. This is 1 out of 274 times that I actually took profits at the peak of the day. I will buy back in tomorrow to hopefully catch another spike. HYMC is looking good too.

Regarding the tweet above about the promise of inflation falling.....remember when they said "it's not that bad", "it's actually a good thing", "it's Trumfs fault", "it's only transitory", "yes we will see a lil inflation here and there", "Pootin's fault now!"......and now they're saying "it's gonna go down, we promise!....(even though Yellen just said we have to double down on the 'carbon neutral' insanity. These people truly are evil, disgusting, insane pillow biters)
 
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