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Misc Stock Market

Phone screen was being repaired this morning so I wasn’t able to sell the pops this morning but I was able to sell the bottom of that last candle and made $200 on an overnight hold. I am the best trader who ever lived ?
 
Cold blooded…they took out yesterdays low in the S&P and then promptly yanked it up. ?

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I think if SPY breaks below 393 we see big buyers step in. That level is a big weekly support traced back from the highs in 2018 and acted as strong resistance in early and late 2020. That’s the area I’m watching for strong reversal
 
Storm5 said:
Surely if CPI is lower Vs estimates tomorrow they will let the market rip face


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Fed is talking about liquidity crisis…market has had $125m pumped in every month for 2 straight years. It stopped in March and now Fed is going to pulling that out. Not sure we know how the market reacts. But so far…it ain’t good. This is the QE bubble bursting
 
KyloG said:
Fed is talking about liquidity crisis…market has had $125m pumped in every month for 2 straight years. It stopped in March and now Fed is going to pulling that out. Not sure we know how the market reacts. But so far…it ain’t good. This is the QE bubble bursting
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$125 billion or million?
 
Exactly what the bulls want…a target end date for rate hikes.

 
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Bought 3 shares of Amazon today, ill look to buy 3-5 more in the short term. Feel gross


Just to illustrate a bit of my thinking. I certainly feel like it went a bit too crazy like everything else. But with the AWS revenue growth I think its fair to say the company grew during the Pandemic and if we get down to prepandemic pricing it's undervalued. May not play out that way with the volatility. Also owning 18% of Rivian has dragged the stock down. Ford dumped much of their shares but Amazon is counting on Rivian to build them vans, which they would profit from.
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Weekly RSI on the Q’s down near a 14yr low, matching the covid crash. Right at its 150w ema. Week 6 in a row red.

Really feel like a 10-15% rally is coming, even if this isn’t yearly lows.

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KyloG said:
Weekly RSI on the Q’s down near a 14yr low, matching the covid crash. Right at its 150w ema. Week 6 in a row red.

Really feel like a 10-15% rally is coming, even if this isn’t yearly lows.

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I feel like I should buy here. Prob gap up on CPI data then everyone is stuck waiting for the gap to fill back down which it never will.
 
buckinbronco said:
I just bought a chunk of VOO at close in my IRA. I have dry powder in there and I've decided to start DCA'ing shares. I'm probably early but I have no ability to time the bottom so I feel it's my best option.
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Me too. I was about 30% cash now about 18%. Will keep adding too.
 
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