So far rejected at the .5 fib level. Looking very heavy. Past 6 monts every time the market has looked heavy buyers have come in...so we will see. I don't have much going on at the moment.
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Misc Stock Market
- Thread starter ForsythSnow
- Start date
So far rejected at the .5 fib level. Looking very heavy. Past 6 monts every time the market has looked heavy buyers have come in...so we will see. I don't have much going on at the moment.
Got my butt handed to me on DKNG today but LCID made up for it. I did sell 90% of my position from $15.50 at $25.95. But, it looks like it wants more, maybe should have waited for $27. ?
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Deleted member 609
Guest
Might be ??time
JHS
Member
If I was in the market I'd sell EVERYTHING I had. When the Govt shuts down and defaults the market will lose at least 30% of its value. If not much more.
this wasn't the close the bulls wanted today. SPY faded hard at close and is vomiting after hours...not sure exactly why AH's is so down. The LOD during market hours was $433 and it's pushed through that AH's.
JPowell better have some good news tomorrow...it isn't good that Kaplan/Gensler got caught trading large cap tech stocks past 18 months and then announced they would sell at ATH's.
JPowell better have some good news tomorrow...it isn't good that Kaplan/Gensler got caught trading large cap tech stocks past 18 months and then announced they would sell at ATH's.
pcbjr
Member
Know nothing about bitcoin, but I've been around the block enough times to know this is not a market dip; it is a market-wide correction that will go down for a while ...
JHS
Member
The shutdown will be on Oct 1 unless Congress acts. The default sometime in mid Oct unless Congress raises the debt ceiling. Right now they are not close to acting on either of them.
It can flip fast…very fast. But, you could very well be right.
GeorgiaGirl
Member
Tweets with replies by ??????? ???? ????? ???? (@GenghisSperm) / Twitter
Not my analysis but I think this trend will hold, and if not, it's truly run for the hills. It's more interesting for me than those wedge charts to be honest.
I suppose this just fits my narrative though as I felt a deeper dip would hold at 4200, but really up until what was seen after that big miss on employment, I was leaning toward us seeing nothing in general until next year. Not as confident now in that, would up the chances of us having seen a faster version of 2017-2018 from early November last year to 9/2/2021), although that's still not my personal opinion on what happens.
The debt ceiling does worry me but generally if something is being talked about, it won't turn out to be real doom.
Not my analysis but I think this trend will hold, and if not, it's truly run for the hills. It's more interesting for me than those wedge charts to be honest.
I suppose this just fits my narrative though as I felt a deeper dip would hold at 4200, but really up until what was seen after that big miss on employment, I was leaning toward us seeing nothing in general until next year. Not as confident now in that, would up the chances of us having seen a faster version of 2017-2018 from early November last year to 9/2/2021), although that's still not my personal opinion on what happens.
The debt ceiling does worry me but generally if something is being talked about, it won't turn out to be real doom.
So FedEx says this below…uh inflation ain’t no joke. ?
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www.reuters.com
Shares in the Memphis, Tennessee-based company fell 4.6% to $240.50 in extended trading after FedEx said staffing problems resulted in a $450 million year-over-year increase in costs due to higher wage rates and overtime, increased spending on third-party transportation services and shipping hiccups.
FedEx labor shortfall hits quarterly profit, earnings forecast
U.S. delivery firm FedEx Corp posted a 7% drop in quarterly profit and cut its full-year forecast on Tuesday, after labor shortages crimped earnings, slowed packages and drove up costs ahead of the all-important holiday peak season.
Shares in the Memphis, Tennessee-based company fell 4.6% to $240.50 in extended trading after FedEx said staffing problems resulted in a $450 million year-over-year increase in costs due to higher wage rates and overtime, increased spending on third-party transportation services and shipping hiccups.
VegasEagle
Member
VegasEagle
Member
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www.thegatewaypundit.com
I put myself in timeout the rest of the day...I totally screwed up SAVA today. I had a moderate position at $48 or so and it announced great news and hit $68 in pre-market, I sold 40% between $$64-$67....yay....but then I didn't watch it after, and now it's back to $50. ??
I had a stop in but it was at $48 as yesterday it closed at $52...I am so dumb, should have raised my stop to $56-$57 area when market opened. So dumb...
?I had a stop in but it was at $48 as yesterday it closed at $52...I am so dumb, should have raised my stop to $56-$57 area when market opened. So dumb...
Took a position in Vuzi yesterday at $11.30. Has a nice falling wedge and ARK funds have been buying a lot of this. Nice falling wedge pattern that if it breaks up and out it could run.
I should add to it today but I am in timeout.
I should add to it today but I am in timeout.
I didn't get filled in my Bitcoin bids last night but did get a couple filled for Eth...at $2680 and $2720. It's had a nice bounce today...trimmed some and set stop at $2644. It's a free run now incase it decides to vomit.
$HOOD (Robinhood) was a falling wedge pattern i took at $40. These patterns can move when they break to the upside.
It's reclaimed all it's moving averages.
I really like how it backtested $40 the other day...it held and now moving.
It's reclaimed all it's moving averages.
I really like how it backtested $40 the other day...it held and now moving.
Last post...I am a believer in wave theory, which doesn't apply to everything at all times but this could be a classic ABC correction for QQQ/SPY. ABC corrections after a wave 1-5 move up always looks like head and shoulder patterns too...
This could be the start of the B wave up to the yellow box and then a bigger drop with C wave which would complete the correction. Just a thought...
This could be the start of the B wave up to the yellow box and then a bigger drop with C wave which would complete the correction. Just a thought...
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Deleted member 609
Guest
Good news boys 
Market crashes just don't last like they used to
D
Deleted member 609
Guest
Unlimited money printer cheat code helps
How are they ever going to raise rates...in 6 months there will be something else globally that they can justify keeping 0% rates. We've essentially had 0% rates since 2008, almost 13 years. Eventually we are going to need a Fed that will exert some pain, because one of these we are going to have a real big global/country problem and need the ability lower rates and have QE.
D
Deleted member 609
Guest
Yea... kind of just stuck at this point.
Our country has become dependent on QE and 0% rates...it's all we know. They let it go on way to long.
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Deleted member 609
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No one wants to rip that bandaid off
Yeah, easy to see. Nobody wants to see a market correction on their watch. It's the modern symbol of economic prosperity. Only way the Fed ever gets hawkish is if something else starts chewing up everything, like inflation, where enough people feel enough pain to bring out the pitchforks. Until then, it's QE to infinity.
Yep, agree 100%. They keep kicking the can down the road hoping something comes up so they don't have to taper or raise rates. We are so screwed as a country if something happens and we need some sort of help from the Fed. When they unwind these bond purchases the pain is going to be unreal.
This is why you buy those manic sell offs in crypto. So many are up 25-30% off lows today. LUNA was another dip buy last night. Crypto is so popular because of these type moves, it happens every other day in any number of holdings. It’s not because the majority of people believe in decentralization it’s the wild swings. Haven’t closed Eth or Luna, just raised stops on both…let runners run.
GeorgiaGirl
Member
It's a good day to provide an opinion about the fed funds rate (even if we haven't gotten to talking about this), so I'll provide another one, haha:
Unless the house is cleaned out and a different perspective is brought to the table, the fed funds rates that you used to see pre-GFC aren't going to come back. If we're lucky, you might see a 2% fed funds rate by like 2025, but I'm doubtful here. My guess is if they're even able to start, they stop for a reason that we'll know later at like 1-1.25%.
I am too young to really remember those rates, but I'll acknowledge it, the fact that I feel it's unlikely that you'll ever see a decent fed funds rate ever again is just a crappy situation.
Now, if you somehow do see the house cleaned out and somebody decides that inflation needs to be fought (as I'm not sure 2% would even do it), you could see a stock market crash based off fed funds rates. But is that going to happen? Unlikely.
That's why I kind of scoffed when I saw somebody ask what would happen if the fed funds rate was raised to 2% over the next few months at another place. Because that's not going to happen that fast, you're in luck if we even get to 2% over a period of time.
Unless the house is cleaned out and a different perspective is brought to the table, the fed funds rates that you used to see pre-GFC aren't going to come back. If we're lucky, you might see a 2% fed funds rate by like 2025, but I'm doubtful here. My guess is if they're even able to start, they stop for a reason that we'll know later at like 1-1.25%.
I am too young to really remember those rates, but I'll acknowledge it, the fact that I feel it's unlikely that you'll ever see a decent fed funds rate ever again is just a crappy situation.
Now, if you somehow do see the house cleaned out and somebody decides that inflation needs to be fought (as I'm not sure 2% would even do it), you could see a stock market crash based off fed funds rates. But is that going to happen? Unlikely.
That's why I kind of scoffed when I saw somebody ask what would happen if the fed funds rate was raised to 2% over the next few months at another place. Because that's not going to happen that fast, you're in luck if we even get to 2% over a period of time.
