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Misc Stock Market

We just saw the same move indexes pulled on the gap down the day Russia invaded Ukraine.. calls printed off the bottom.
 
------ drawing sorry but triple top in the downtrend channel since ATH?
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ES $4250-$4270 is big resistance...was big support but failed last week.

A close over $4270 would be super bullish. Let's see what Fed says tomorrow...

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superjames1992 said:
Yeah, I figure I’ll probably unload before close no matter what. Who knows what’ll happen tomorrow. Probably some big action before the meeting ends, and could easily see it go to $0 before then (or to the ?).
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Never mind, I decided to hold it overnight instead of selling at close for nearly a 30% loss. What can go wrong? ?

I also bought a 250P for QQQ expiring 4/14 for $56. Hoping we dump a bit over the rest of the week so I can unload it for some gains. Decided to stick to just one contract since I’ve never really messed with far OTM options before and I know they’re so risky.
 
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Storm5 said:
Haha no sleep tonight. Our luck a peace announcement is made at 6am tomorrow and Powell says no hike at 230


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Well if that happens I will just say I bought my puts as a "hedge" since the rest of the portfolio will be doing well lol.

In all seriousness I never put much capital in these option gambles. Enough money to kick myself and call myself a dumbass when it doesn't work, but not enough to get divorced over.
 
buckinbronco said:
Well if that happens I will just say I bought my puts as a "hedge" since the rest of the portfolio will be doing well lol.

In all seriousness I never put much capital in these option gambles. Enough money to kick myself and call myself a dumbass when it doesn't work, but not enough to get divorced over.
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Good call. There’s a reason I don’t have more than level 0 options trading enabled in my retirement accounts. ?
 
PPI threw up a 10 spot today and Q’s rallied over 3%. ?

Unless JPowell kicks a puppy or spits in someone’s face we rally ?

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Thought maybe the Q's would get down to the 30mema...but, maybe not.

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Can’t find a 3 month period where the Q’s had an RSI below 50. It hasn’t quite been 3 months so we will see.

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I'm seeing so much stuff on twitter about VXX volatility today signals a huge dump coming . Something about 2008 but I can't find any correlation at all


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Got some swing longs for the first time this week and of course…futs are red. ?‍♂️

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Tomorrow should be a relative nothingburger into 2 PM.

I say should because I remember on the day the Fed minutes revealed QT and apparently shocked a number of big guys, before the minutes were released, the Nasdaq was already getting battered so badly that I was like "hold on a second, if we're going to react badly to possible QT being announced, then why do we have this split market?" (and that split market went away not long after the minutes were released)

If that happens again, that'd be a big clue. Think it was down as much as 200 points before the minutes and it turned into 500 by the end of the day because there was a hissy fit.

But since I don't think shock and awe is on the table, I think we just chop into the statement. The move for the day comes after that.

I'm not crazy about the way this day went. To be up this big suggests that short sellers are in control...but you have to think at some point that the one big green day without follow through deal will fail.
 
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