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Misc Stock Market

Powell should be investigated by the DOJ. Robbing the middle/lower class blind.

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).
 
Still a lower gap from the other morning. I guess we will see what tomorrow looks like


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No way we finished lower. Selling exhausted. Bulls ready to run. Powell doing what was expeted.
 
VIX closes below $27...tomorrow could be violent.

Big if though...

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@KyloG you take your profits on UAVS yet, that was easy money.... good call.

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.

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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.

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Dang, dude I'd take my grand and call it a day lol
 
Q's have a clear pivot...same with SPY. $328.31 is line in the sand....drop below that over the coming days and I think we flush.

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Just one guys prediction. I think Powell is a bit too politicized


"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."
 
Look at that flip on the option flow...wonder if many are trapped short.

PCR this morning was .5...now 1.3.

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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.
 
Powell - “The economy is strong.”

But also this super strong economy can’t handle more than a quarter percent rate hike.

?????
 
My guess is reduce risk and Q's are up 7% over past day and half.

I am looking for a quick dump at 2pm, which I plan on buying....if we get a quick spike I am going to watch. I trimmed a lot of swings I started yesterday.

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.
 
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.
So puts for tomorrow, then all-in on TQQQ? ;)
 
NQ up against double resistance...really want this to take a couple of days to push through. I hate these parabolic moves....so hard to trust.

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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.
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 ??
 
My puts right now...
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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.
 
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