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Misc Stock Market

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metwannabe said:
15 minute market crash, just another day in paradise guys.... lol
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They are not going to let the market crash. You want a buying opportunity, you'd better not step away from the computer for too long, or we'll be off to the moon.
 
Rain Cold said:
Why didn't you sell for a 100% gain? You're trading like Dad of Jax now shazbot
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I was in a work meeting and the Schwab app sucks at options (takes forever to enter in what you want to do). Also, I am dumb and greedy. Of course, now I see the calls I had are back to about even, LMAO. Well, oh well...haha. 0DTE options move too fast for me. I am banning myself from using them, LOL.
 
superjames1992 said:
I was in a work meeting and the Schwab app sucks at options (takes forever to enter in what you want to do). Also, I am dumb and greedy. Of course, now I see the calls I had are back to about even, LMAO. Well, oh well...haha. 0DTE options move too fast for me. I am banning myself from using them, LOL.
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Yeah, Schwab is slow. I have a brokerage account there and use it for longer term trades/holds. As a former employee, I can attest to the fact that it's not the best trading platform in the industry by any stretch!
 
I got stopped out a lot of positions yesterday but added some back just now. Added AMD/FB/QQQ. ?‍♂️

Means you should probably buy puts.
 
Possible IHS developing on SPY and QQQ, but I'm really scarred from the start of this year with what happened with those Fed minutes.

It's going to get eerie if tomorrow's action is similar to the Thursday of the first week of the year. It would mean at least a small gap down (likely not as much as today), followed by an attempted bounce that fails by the end of the day. If that happens, then my suspicion would probably be that we're gapping down hard on Monday next week, then we see NQ try one more time to go to and hold 15k, that flops, and we see another crashy type move on OPEX week that gets you close to the lows on the indexes, if not breaking them.

And then we'll see if earnings ends up throwing everything off again, as it still feels to me like if Apple didn't run off earnings, that the Nasdaq would've probably made a new low earlier on the index then when it happened. I don't think SPX below 4300 is good (in fact I can't agree with people that think it'll bounce off 4260-4280 again), but an earnings jump by a big name may screw everything up again.

Notice that I said that NQ tries to go to and hold 15k again after it gaps down on Monday despite CPI being on Tuesday next week. While that CPI print is going to be hot, it doesn't guarantee that we're going to see what happened in May last year with that CPI (which led to a major rout) or what happened on Bullard bomb day.

Edit: Actually OPEX is next week, whoops. Even still, it'll be eerie if a rebound attempt fails tomorrow.
 
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superjames1992 said:
He’s been predicting imminent financial collapse for the last ten years. Maybe he’ll finally be right. modernweenie
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Yeah for sure. One of the biggest doomsdayers out there. Probably will end up right but it'll take a while.
 
Market up on low volume . Probably pops green for first 30 minutes then starts the selling again


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This might be a very quick stop out but added a lot of $NCLH at $20.02. Stop at $19.78....day 3 down, right at the .5 fib level.

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Yeah, this feels all too similar to the first week of the year. The only real difference is economically sensitive things have been looking like death (IYT looks like it's going to have 0 green days for the rest of this year).

Monday: Tesla leads the Nasdaq higher, but makes a short-term top on deliveries.

Tuesday-Wednesday: Tech gets routed because of concerns over the Fed.

Now on step 3. Which is a feeble attempt at a bounce fails, and it's in the process of failing.

Step 4 would be a big gap down on Monday and reversal after lunch.
 
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