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Misc Stock Market

ADBE rejected hard at it's dtl...but coming back up. I sitll like it to break up and out of this...

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$HOOD in full meme stock mode. Still 80% off its highs from last year despite being up 27% today, though. ?
 
Bought puts on both three weeks out


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I am really hoping we can get some predicatability....S&P had done a great job of pulling back into/around monthly opex to it's 50dema. Maybe we get that...April Opex is 2 weeks from this Thursday. So would make sense we start seeing a near term top in the next few days.

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Moved to mostly cash in my swing account...closed out a lot of positions here. NQ was almost 18% from just two weeks ago. I still think we push higher in the coming weeks but this is beyond absurd....but wouldn't be shocked if things keep pushing higher this week.
 
Holy crap...you guys still in this. Noticed call sweeps coming in earlier.... It's meme mania...

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QQQs hanging on for dear life


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If this doesn't run into resistance here then I give up...I don't have the nerves to short but one more retest of $370 I might consider it.

This is so extended from all it's moving averages...reminds me of Aug 2020.

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Last time the Q's was this extended from the 20dema was Aug/Sept 2020....problem will be shorts are going to keep getting squeezed until this finally rolls over.

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I can make it care. About to dump my put for a $2k loss. Guaranteed to crash market shortly after.
That’s probably what’s driving everything higher…shorts are getting squeezed. This is ridiculous which is I am mostly cash. Only holding FB/AMD/ADBE but tight stops. If tech keeps pushing higher I can profit, if it rolls over I am stopped out relatively pain free.
 
In my opinion, the Nasdaq has crossed what was the line in the sand between real and relief.

The problem is, I'm seeing flashes of late summer 2020 myself (those flashes are mixed in with January 2021). If this is real and not a bear rally, it would make sense for it to see some choppiness here for at least a little while, this is a spot that was a battleground zone after the NDX first hit 15k in the summer last year for a while.

If bear rally, we likely go reject 16k again in a couple weeks at the latest on the NDX and have things get ugly after that.
 
In my opinion, the Nasdaq has crossed what was the line in the sand between real and relief.

The problem is, I'm seeing flashes of late summer 2020 myself (those flashes are mixed in with January 2021). If this is real and not a bear rally, it would make sense for it to see some choppiness here for at least a little while, this is a spot that was a battleground zone after the NDX first hit 15k in the summer last year for a while.

If bear rally, we likely go reject 16k again in a couple weeks at the latest on the NDX and have things get ugly after that.
Close. If you mix in some 1734, a dab of 1821, a pinch of 1917, a splash of autumn, no, make that early to mid-Spring of 2003, and a touch of 2360, you'll have it.
 
Nothing bearish about the options flow for the mega caps, SPY/Q's. Everyone positioned for this to keep pushing higher.
 
Trimmed 1/2 my $FB here at $230....reluctantly. Been so hot...all anyone can see is that huge gap.

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More than enough macro events going on to justify a VIX higher than 18.7....if VIX hits mid 17's tomorrow I will go short.

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Dumping into close, it seems.

EDIT: Never mind, just shook out paper hands and now mooning last few minutes into close. ?
 
They widened the spread, stopped me out on the number, then dumped it the very next 1minute candle. It really is ------- unbelievable
 
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