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Misc Stock Market

They are fighting like crazy to keep this market up...broke a critical support and support doesn't matter I guess.

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$TGT news is interesting to say the least...deflation is the concern I guess and I can't imagine the Fed hiking into deflation. I am reaching now for why everything ripped off the open like this.

I am not doing much. I have a few shares of SNAP b/c chart looks good.
 
Stopped out of SNAP for a few pennies. I am just sitting and watching...have no sort of fomo to the upside or downside.
 
It's pretty bad they are using a single name to prop up the market...large cap tech.

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Good lord


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I was in CRWD on Friday and should have stuck with it. It never gave away the EMA's. It's probably headed to $200 soon. It's earnings were tremendous but didn't respond until yesterday. And even with the market gap up and fade yesterday it held up. That was dumb of me...

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Q's was a cold blooded bear trap this morning, I lost a few bucks on Apple short but not a big deal.

Gave away it's ema's, bad macro news, it was all set up for a big down day....until it wasn't.

In the past week we've had the following macro news and markets are still holding up. If below doesn't take it back to lows from April/May than it ain't happening.

TGT (retail spending slowing, inventory glut)
MSFT (guides down)
Eurozone inflation 40 yr high
Germany inflation 40 yr high
Tesla to cut 10% of it's work force, freeze hiring
NVDA guides down, freeze hiring

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Q's 1hr getting tight...it's tough to imagine QQQ closing above $312 this week...without CPI help.

What a stick save this morning.

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Added some Q's $310 calls for tomorrow for $1.2 in case it wants to get wild. And I added FB shares at $194.

Nice little intraday wedge. Failed breakout yesterday, tested bottom support trendline. It could test $200 fairly quick if it gets through that resistance.

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Turnaround Tuesday saves the day!
 
NQ...running up against a resistance trendline....but geez, what a recovery today.

Apple kept the whole market up this morning and than others started pushing higher.

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$AMD getting tight...held the ema's on the 1hr. But's it down almost 1% while most others are green. Kind of odd...

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KyloG said:
Added some Q's $310 calls for tomorrow for $1.2 in case it wants to get wild. And I added FB shares at $194.

Nice little intraday wedge. Failed breakout yesterday, tested bottom support trendline. It could test $200 fairly quick if it gets through that resistance.

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FB strong out of the gate...

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INTC with cautious tones for 2h 2022. It's beyond amazing that the market is still up in this channel. The macro news has just been awful but they are not letting it fall. I have no confidence right now on the market to push higher but it's not selling off.

I missed this but see why semi's are so weak today. If semi's see demand issue this should be dragging all of tech down with it...but it's not.

 
We are back to Apple keeping everything from falling apart. June quad witch is huge so maybe they are trying to keep SPY/Q's above $400/$300.

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Time for the typical run into the close.
 
Chart is by no means bearish, sub $405 on SPY would be bad. But geez, the macro news on the world economy is really bad.

I am not carrying positions overnight....I have only been trading a couple of small things and thats it.

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Been really tough to trade past 2 weeks...you can't build longs and you can't build shorts...you have to take profits very fast.

Have had 2 green candles out of the past 7 and yet it's right at the $308 level.

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So odd seeing this market trade sideways like this…it’s usually straight up or down

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