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Misc Stock Market

Storm5 said:
What's the plan for tomorrow ? Rally after todays generally bloody day or , sell off


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I took everything off…I have no clue if we open above $412 or below $406 on the SPY’s. The VIX is down at support. Macro news has been awful any way you look at it.
 
If markets are going higher than Apple has to push over and hold $150. Rejected multiple times past couple of weeks.

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Watch this 3 min video. All you Jetson fans hunting future investments. We will see in our lifetime. First in flight lol from 2021

 
Nasdaq oscillator was extremely overbought after last Friday's close...bottom is osc and top is Q's. Last few times it hit this level the Q's have sold off hard...doesn't mean it will this time and doesn't mean it has to be this week, this can chop around.

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This is the osc and the Q's from last summer into Sept. Q's went up 20% but osc still had use....it never got over 50 and a couple of time hit extreme "oversold" and were good dip buys signals.


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macro news out this morning for our economy was all bad....they tried to bid things up so we will see. We have to get out of this cycle of bad news on our economy is good news for stocks because they think Fed won't hike rates and won't QT.
 
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Until gas prices stop hitting new records I won't believe in any Rally. I mean its crazy to think the economy can handle 2-4x fuel prices. We are being told we can, but I don't believe that.
 
Just terrible macro news, record inflation in Europe, canada hiking, msft guides down, bad employment numbers, Fed said this morning they aren't pausing rate hikes in the fall and with all that....many ripping higher. I don't get it...but just ride it.
 
KyloG said:
Just terrible macro news, record inflation in Europe, canada hiking, msft guides down, bad employment numbers, Fed said this morning they aren't pausing rate hikes in the fall and with all that....many ripping higher. I don't get it...but just ride it.
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End of world priced in already
 
This is largely retail driven today...all the names strong at the open were all retail meme names....NVDA/AMD/TSLA/GME/COIN
 
Can’t figure this out but feels like it wants to move a good clip higher from here. Which is probably why it will do the opposite
 
$311 hasn't been able to hold on the Q's...it's trying again.

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Apple bounced right where it had to...right at the 8/20dema. That's a nice looking chart....big 2 day move, 2 days of chop and then pushing through big $150 pivot. ?‍♂️

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These could be hedges, they could be selling puts....but this is the option flow for the S&P....I wonder if the legit bears are thankful for our stupidity of bidding this up.

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W patterns are bullish....why are we buying again...I forget.

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MSFT…just a sick move. Lowered guidance for Q and still going up. ?‍♂️

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If market pushes higher tomorrow I like Apple alot...it was quieter today and would need to lead tomorrow.
 
CRWD earnings after the close. Took 3 of the $190/$200 call spread for $1.50. Lotto Friday. ?‍♂️

Added 2 more. IT spend has been solid, cybersecurity has to be good right. ???‍♂️
 
3rd day in a row the Q's have made a higher low and a higher high...volatility for the win....but that is an engulfing daily.


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Apple looks really good...been swinging this all day and will carry this overnight fairly heavy.

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