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Misc Stock Market

Usually it’s a great market with a 20 pt move in the Q’s over a quarter…we just got it in a day. Panic selling and than panic buying.

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GaWx said:
Whereas NASDAQ’s current intraday point range today is by far the largest on record (at 860 vs prior record of only 656), it is nowhere even close to the highest intraday % range, which is at least the 17.4% of 4/4/2000. Today’s intraday % range is “only” 7.2%, well under half the record.
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NASDAQ range today furthered the record point wise at 898 points! It was also the largest point change for any day by far. But that’s still well under half the record high intraday % range and about half the record high % change.
 
I mean as bad as this sounds, all we need is some worse news overnight. And the panic will ensue yet again. Ingredients are still there. This market just wants to be up and a lot of these new traders don’t know what it’s like to be drug down.
 
Jimmy Hypocracy said:
Yes I bought when would kisse the top of the downtrend channel. And of course it went up another $1.50. I’m holding though. If I die, I die.
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Ahhh so it was lotto play. You could do well if we get bad news overnight, worst case you chuck it up as a lost bet. That's what I am saying about the 405p's I bought before Biden's speech lol. Sanctions viewed as having no real teeth and the market ate it up. Win some, lose some.
 
My investment portfolio is rather miniscule but my 2 cents is when Biden announced rather tepid sanctions the market reacted that this is going to be very short. Had we shut down Russian exports of oil then a barrell might be $120 now. Thats why i think the market turned around.
 
Even with todays epic move in the Q’s it’s still red weekly candle. tagged the 100wma.

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Lol I've had some days of craz , but my mind just keeps being blown.
Turned a good profit on both sides
but wtf
 
S&P futs has rejected the $4200-$4260 area numerous times since last summer. Yesterday it broke to the downside and we had an epic/manic reversal. I ended up closing the majority of my positions yesterday but probably shouldn't have. As long as that area holds...

That was a clear neckline break yesterday, seems like shorts got caught which just fueled the rally.


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For NQ futs I want to see it close above $14070...that was the 2021 April high. A close below $13700 and things get bearish.



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KyloG said:
For NQ futs I want to see it close above $14070...that was the 2021 April high. A close below $13700 and things get bearish.



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NQ has rejected $14070'ish multiple times the past week....and again this morning. I think we are seeing ATH's by Tuesday because that's how stupid this market is but...

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If we end up pulling what happened after 1/24 this year a second time, we have a bit of choppiness to get through for a few days before we see a rally happen, which if so, would probably get squashed by FOMC (unlike if we went into it oversold). Like maybe the Nasdaq Composite tests 14200-14400 again soon and then legs down hard for one final leg.

This side became the side that mattered again in the Nasdaq back on 11/22/2021 IMO. Before then, the big guns were hiding a cracking base underneath. Since then, the mid and small cap growth carnage has been what has mattered.

If it can close a week above the late winter/spring ATHs from last year, then maybe -23% intraday was all that was needed. That's what I would watch.

I'm not overly wild about the way this day has begun though. Call it a hunch, but it looks like catch up mode by the Dow.
 
$434 is the .5 fib level and a close above $440 would really get things moving. Still have that trendline resistance to fight though. Seems likely that yesterday was the low....probably forever with how fast this market moves.

I wasn't going to do anything today but I added SPY back when it reclaimed $430 and Q's at $340'ish. Small. AMD has been great for me, started building position last week at $115 and added a bunch yesterday sub $105.

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