severestorm
Member
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Misc Stock Market
- Thread starter ForsythSnow
- Start date
Pump. Red close looking unlikely now ?
Filled the gap and ?
Filled the gap and ?
A hot take, no doubt, but the Fed’s easy money policies for the last decade and a half have no doubt helped to make homeownership more unaffordable for many of us younger folks. Ugh. Good for my IRA/401k, though (until it crashes, anyways).
Probably fill it with futes trading and open +6%
No way we finished lower. Selling exhausted. Bulls ready to run. Powell doing what was expeted.
Guess didn't take long for markets to digest the news, what a time to be alive lol
Damn I should’ve went degen and bought in.
Nada...I added 3k more shares at $1.05...sitting on 8k shares at roughly that avg. Hoping for a multi day rally.
I raised my stop up to $1.08, worst case I make a couple hundred.
Dang, dude I'd take my grand and call it a day lol
VIX doesn’t look close to a bounce. Melt up shall continue
lexxnchloe
Member
Just one guys prediction. I think Powell is a bit too politicized
www.foxbusiness.com
"In a Washington Post op-ed, Summers slammed the Fed for numerous apparently wrong inflation predictions and argued that it "needs to take far stronger action" to fight inflation.
"The Fed’s current policy trajectory is likely to lead to stagflation, with average unemployment and inflation both averaging over 5 percent over the next few years — and ultimately to a major recession," Summers said in the Post."
Larry Summers' new warning: Fed heading for 'stagflation and recession'
Former Treasury Secretary Larry Summers slammed the Federal Reserve Wednesday for being too timid in its fight against inflation.
"In a Washington Post op-ed, Summers slammed the Fed for numerous apparently wrong inflation predictions and argued that it "needs to take far stronger action" to fight inflation.
"The Fed’s current policy trajectory is likely to lead to stagflation, with average unemployment and inflation both averaging over 5 percent over the next few years — and ultimately to a major recession," Summers said in the Post."
Options spreads are crazy right now
GeorgiaGirl
Member
Heck of an intraday trap. Goodness.
Maybe that was exactly what was planned since what happened in January is fresh in mind.
It's probably safe now to try to swing SQQQ/SARK or buy puts on tech, based off what's been happening lately right after Powell speaks, but I'm sure if I partake even more than I have, it's not going to work.
For the time being, it's nice to have back-to-back good days though.
Maybe that was exactly what was planned since what happened in January is fresh in mind.
It's probably safe now to try to swing SQQQ/SARK or buy puts on tech, based off what's been happening lately right after Powell speaks, but I'm sure if I partake even more than I have, it's not going to work.
For the time being, it's nice to have back-to-back good days though.
Wild
I need to stop trading options.
Powell - “The economy is strong.”
But also this super strong economy can’t handle more than a quarter percent rate hike.
?????
But also this super strong economy can’t handle more than a quarter percent rate hike.
?????
This worked out...better to lucky than good. Though I have a lot of longs on in my swing account. If this dumps overnight it's going to hurt.
I’ve got a possible bounce here. Getting poots at the close for Friday
We've had like 10 Thursdays in a row that were red...I am hoping for a down/inside day tomorrow as a breather. I think we have a multi-week rally coming, assuming Russia/UK doesn't worsen.
Ignore my daytrade lines. Focus on the red hourly support drawn off the highs. Does it get respected?
So puts for tomorrow, then all-in on TQQQ?
There is no resistance.
Yep. As it stands now the SPY daily break line is just above 437.
Come on give me a further melt up into the close. I want them to break the line so I can load inverse ??
buckinbronco
Member
Annnnnnddd back in the coffin they go lol. I would have sold them for a minor loss but the upward trajectory was so violent I didn't get the chance. Back to holding through Friday.My puts right now...
UVXY calls are cheap