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Misc Stock Market

I think Gamestop and AMC can continue for this week, but I would not be surprised if hearts get broken again after that.

I think part of the reason for their pop is because of EOQ stuff (big guys repositioning).

Now am I going to touch it...no.
 
GeorgiaGirl said:
I think Gamestop and AMC can continue for this week, but I would not be surprised if hearts get broken again after that.

I think part of the reason for their pop is because of EOQ stuff (big guys repositioning).

Now am I going to touch it...no.
Click to expand...
The reversal will likely be sharp and brutal. However, if I’d have gotten in around $120 when I considered it last week, I guess I’d be sitting pretty now. Oh well!!!

Definitely is plenty of room for it to run with meme power behind it, but it could just as quickly drop 25%+ in a day.
 
Last May the Q's had a huge move from $315 to $363 over 8 week period and than got a solid red week following. Q's just made the same move over the past 2 weeks. This is so nuts...

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Just bought 10 shares of $GME in my Roth. Funny money, right? Buying a stock after a 100% run-up = genius! ?
 
$SPY approaching early Feb high double top. I would think that would be tough resistance....but maybe not. ?‍♂️

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That should be it for NDX for at least a few days.

This is about where it ran into resistance in the summer last year. Would probably be good to slow down and consolidate here.

If it looks like it's going to close above 15k tomorrow, I'll cut SARK loose...and then that will probably be when this bounce stops.
 
Recession inbound: As if thats a suprise.


finance.yahoo.com

A Recession Warning Sign? Part of U.S. Yield Curve Inverts for First Time Since 2006

(Bloomberg) -- Treasuries slumped anew to send a widely-watched part of the U.S. yield curve to its first inversion in 16 years. The curve is flattening as investors bet the Federal Reserve will tighten policy rapidly enough to risk a sustained slowdown in growth.Most Read from...
finance.yahoo.com finance.yahoo.com
 
---- I'm adding Amazon call spreads as well. The market just wants to run and if a peace agreement is reached soon it will rip face


Sent from my iPhone using Tapatalk
 
To be honest, a peace deal actually transpiring is probably at least a temporary sell the news now. Vol has really been smoked already, so I think it’d be pop and drop, because there isn’t as much hedge burning that can be done.

I’m cautiously optimistic that one may happen soon. There’s 1 point that seems as if it will be thorny in what I saw, the rest seems like things that Zelenskyy will be willing to give up (as they’ve already said that NATO isn’t happening).
 
Added $ADBE in pre-market at $453....I think if tech stays hot it can hit $500.

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