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Misc Stock Market

severestorm said:
At least China manages their money well. They actually have room to restore their economy. US has nothing. This is why their markets are green now.

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The Shanghai Composite Index is down 11% over the last year and nearly 16% year to date.
 
ES plowed through $4270 overnight but now up against it again down trendline.

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The previous 2 big rallys on the NQ were just over 10%....this one so far is just over 5%.

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severestorm said:
To no surprise, retail sales sucked in Feb. Inflation is insane, I can barely afford a new couch now. Put all my spending on hold unless it's a emergency.

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Yeah for real. I just bought a new sectional. And I need a new front door. Things are so expensive everywhere.
 
It’s over for my QQQ puts expiring today. ?

Should’ve unloaded before close yesterday for a 28% loss. Maybe I just hodl at this point and hope JPow crashes the market this afternoon.
 
superjames1992 said:
It’s over for my QQQ puts expiring today. ?

Should’ve unloaded before close yesterday for a 28% loss. Maybe I just hodl at this point and hope JPow crashes the market this afternoon.
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Q’s up against stiff daily resistance here. If it churns and burns into the Fed you will get mauled but if it goes back and tests 326-327 you might have a chance
 
severestorm said:
To no surprise, retail sales sucked in Feb. Inflation is insane, I can barely afford a new couch now. Put all my spending on hold unless it's a emergency.

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My spending habits have changed...I need to buy a used car for my son and we are holding out. He is driving an old Honda with about 200k miles on it...on it's last legs.
 
NQ rejected in that $13650-$13850 zone...that will be tough to get though, unless JPowell pulls a rabbit out his hat.

That's the 6th rejection of that area past week and half.

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KyloG said:
My spending habits have changed...I need to buy a used car for my son and we are holding out. He is driving an old Honda with about 200k miles on it...on it's last legs.
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Used car market is ridiculous like everything else these days. I'd be rich if we sold our vehicles and just walked everywhere
 
metwannabe said:
Used car market is ridiculous like everything else these days. I'd be rich if we sold our vehicles and just walked everywhere
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If I could sell my house, cars I would be great...but not sure where we would move as anywhere around here is nuts.
 
FB/META working...I only bought a couple of calls yesterday to start a position but now having fomo. Have shares in long term account too at $188.

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KyloG said:
And the Fed will be forced to cut rates...
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Meanwhile congress is still spending recklessly. They just passed an omnibus spending bill late at night with what i heard was a 16% increase in spending. Inflation will get so bad it will force major personal cutbacks in spending which will bring on a recession that ends inflation but not before a period of stagflation.
 
lexxnchloe said:
Meanwhile congress is still spending recklessly. They just passed an omnibus spending bill late at night with what i heard was a 16% increase in spending. Inflation will get so bad it will force major personal cutbacks in spending which will bring on a recession that ends inflation but not before a period of stagflation.
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They think gov't spending will stop inflation, or at least that is what they want us to believe, they're idiots.


Oops
 
Just bought 100 shares of SARK out of protest aaannndddd I probably get my butt trucked on that, as it's the first time I've tried something like this.

Might do this with SQQQ on another account of mine later.

I can do more than 100, but 100 is about what I want to do.
 
GeorgiaGirl said:
Just bought 100 shares of SARK out of protest aaannndddd I probably get my butt trucked on that, as it's the first time I've tried something like this.

Might do this with SQQQ on another account of mine later.

I can do more than 100, but 100 is about what I want to do.
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Man I hate that for ya but i know the feeling. I had a bunch of beans for dinner last night and I was butt trucked real bad this morning.
 
Trimmed some Q/AMD/FB I picked up yesterday in my swing account. Still holding more than half and options on FB.
 
Two red flags imo (although I do know that there was one time where the VIX imploded before Powell spoke, so maybe it'll work out):

1. The VIX broke below 30 before we even got the statement.

2. The Dow rejected 34k for like the 6th time since it closed below it and hasn't been able to even get close to there since then. It needs to close above and needs to continue.

The VIX being below 30 here feels very trappy IMHO.
 
GeorgiaGirl said:
Two red flags imo (although I do know that there was one time where the VIX imploded before Powell spoke, so maybe it'll work out):

1. The VIX broke below 30 before we even got the statement.

2. The Dow rejected 34k for like the 6th time since it closed below it and hasn't been able to even get close to there since then. It needs to close above and needs to continue.

The VIX being below 30 here feels very trappy IMHO.
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You’re going to get a VIX bounce but not here
 
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