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Misc Stock Market

superjames1992 said:
So if the past is any indication, the initial move after the FOMC will be a fake out by MMers to screw over retail. So if we dump right away, we should buy calls. If we pump right away, we should buy puts. In reality, MMers might not fake us out this time so I’ll be wrong again. So I’ll probably just do nothing.
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Looks like this happened, S&P just went red after the initial pump. I didn’t make any trades, though.

Of course, JPow hasn’t spoken yet and he may yet pump the markets in 20 minutes as he often does.

EDIT: Back in the green now, the indices are trading like penny stocks. Now we are pumping again.
 
Added SPY put spread on the initial pop. Just 3 for Friday.

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Q’s and SPYs both tagged there 8dema and so far rejected it.

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End of 2018 the markets were in free fall when Fed was hiking rates in the 2.5% range…now they can’t not hike due to inflation. But will market just shrug it off ?‍♂️

 
The market rocketed up like 0.75% when JPow said 75 basis point hikes weren’t on the table. Geez. ?
 
Ended up being right on 4250 retrading on the S&P...just didn't think it'd take FOMC to spark it.

4300 may now be able to trade before EOW (honestly...maybe by tomorrow) and frankly that'd be where I'd expect a rejection, as I think that's your key line in the sand over a longer period. I'd look for a reject and then ugliness after that.

I'm wrong if we close above and we'll likely do the same dance we did in March.

34k should also be watched on the Dow.
 
Broken024 said:
You would have been up huge on this now
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I know. ?

Went from $0.40 when I posted that to $2.27 now. Of course, I’m sure I would’ve mistimed the sell.

Oh well, I’ll just take the general portfolio gains from a green market. I really need to stop playing options, anyways, since I almost only lose money.
 
Closed NVDA from $203....nice $11pt gain. Closed AMD at $98. Have nothing on in my swing account now....start fresh tomorrow.
 
A true sentiment reversal would be if Q/SPY closed above there 20dema...hasn't been able to do that since early March rally.

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Q's last 2 times rejected $330 and made a lower low....will it bust through this time....if so this could get nuts this week into next.

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Arggh...couldn't get filled it moved so fast. Earnings looked great to me...

I paused for like 15 seconds when it was at $95 and than it was $100 and than $105 and it was gone.

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