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Misc Stock Market

What the frack...NFLX rocked and took everything down with it. So dumb....

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SPY was testing a big breakout EOD then immediately fell back under support after hours. Going to take some serious sector repositioning to save this tomorrow. Which they’ll probably manage to do.
 
SPY was testing a big breakout EOD then immediately fell back under support after hours. Going to take some serious sector repositioning to save this tomorrow. Which they’ll probably manage to do.
Well we know Tesla should guide down for deliveries in Q2 as China was shutdown due to covid for 2-3 weeks. Tesla reports tomorrow.
 
Todays pump had to be a trap . Netflix er kiss is killing big tech AH. Tesla ER tomorrow . A miss on that and todays gains will be gone by market open Thursday


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Todays pump had to be a trap . Netflix er kiss is killing big tech AH. Tesla ER tomorrow . A miss on that and todays gains will be gone by market open Thursday


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I can't imagine what would happen if AMD/MSFT/AAPL warn on guidance. Look out below....
 
Welp, that was exactly what I was afraid of.

I will most likely no longer be a Facebook owner before the end of the week. I’m not interested in doing what I did in early February again.

The problem with it and Netflix is there are many people that are trapped at higher levels. The stock price here for both is likely completely screwed for a very long time because most are going to want to get out at any price (it doesn’t mean that it isn’t tradeable at times).

Having said that, I still wouldn’t be confident in how Tesla is going to move. It could be at $900 (heck maybe even $800) or $1200 by EOW, and I wouldn’t be surprised with either way. It may not even matter what they say there. Netflix likes to dump on earnings and on the earnings that we'll see soon, it's less clear for me, even if I do have some opinions (concerned about Apple again even though they haven't given guidance since the pandemic, but that concern was incorrect last time).
 
Welp, that was exactly what I was afraid of.

I will most likely no longer be a Facebook owner before the end of the week. I’m not interested in doing what I did in early February again.

The problem with it and Netflix is there are many people that are trapped at higher levels. The stock price here for both is likely completely screwed for a very long time because most are going to want to get out at any price (it doesn’t mean that it isn’t tradeable at times).

Having said that, I still wouldn’t be confident in how Tesla is going to move. It could be at $900 (heck maybe even $800) or $1200 by EOW, and I wouldn’t be surprised with either way. It may not even matter what they say there. Netflix likes to dump on earnings and on the earnings that we'll see soon, it's less clear for me, even if I do have some opinions (concerned about Apple again even though they haven't given guidance since the pandemic, but that concern was incorrect last time).
I wouldn't lump FB and Netflix. Netflix was very overinflated with the Pandemic and haven't pushed out enough content to keep market share. FB is a pretty big revenue maker.
 
I wouldn't lump FB and Netflix. Netflix was very overinflated with the Pandemic and haven't pushed out enough content to keep market share. FB is a pretty big revenue maker.

The similarity here is that you have many people that are trapped in both stocks at higher levels. FB's earnings whisper is disappointing if it's true and I would say it's pretty likely they see another huge flush if that's what they're going to post.

Otherwise, there isn't similarities...but this is a big one, and I don't think FB is going to do anything for the rest of this year because of that issue. You're going to have people dumping it at any price.
 

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All of these issues have been pumped into the stratosphere. The reversion to the mean is going to be astonishing to behold.
 
Some guy on Stocktwits just posted he sold 10 of the $300 Netflix puts for $4. He’s down $40k now. ?‍♂️

Selling naked options is a scary deal unless it’s calls and you have the shares.
Naked or cash secured. He'd still be down $40k lol
 
Holy hell 10 yr is on the doorstep of 3% . Futures are ---- . Tech gonna get wrecked tomorrow


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Holy hell 10 yr is on the doorstep of 3% . Futures are ---- . Tech gonna get wrecked tomorrow


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You would think treasuries are going to look attractive soon to some. ?‍♂️
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Surprised Nasdaq is basically flat from closing yesterday. Might get a few puts at open.
 
NQ fighting the $14250 level. The level got rejected multiple times in March and eventually sold off hard. This is the 5th time over the past week or so it's trying to take out that level.


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See. Told you they’d switch sectors and a 200 billion dollar company losing 25% of its value overnight would be meaningless. Welcome to stonks.
 
NFLX at $250...are we buying the dip yet. No dips go unbought in this market.

Monthly chart...the white line is $250.

Screen Shot 2022-04-20 at 9.12.17 AM.png
 
The Dow might be able to compensate here.

The problem is, it's over 35k and that's generally where it's failed unless it's going to push at least a bit more (possible to the early February highs). I would not be surprised if today's end result included the Dow throwing away that initial pump and turning red.

I think Netflix may have triggered a breaker in the first 5 minutes. For a moment, its movements really slowed down. Truly crazy.
 
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