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Misc Stock Market

Was thinking about trying NVDA at $155 and then I saw this...they rip it down below the morning low and then yank it higher. They are so screwing with retail right now...

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Rain Cold said:
Going to have to hike a lot more if they want to get a handle on inflation
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When inflation rolls over, and we are seeing signs it is, it is going to roll over hard. Commodities and rolling over hard right now outside of energy and it is the last man standing
 
WeatherNC said:
Is today the bottom for awhile?
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I had that 365 as a pretty stout area of support but who knows. These consecutive gap downs are a real head scratcher. Where did all the dip buyers that were buying in the SPY 460’s go? Jeez
 
I am scared to place a trade…it’s horrific out there.

10 out of 11 red weeks and no end in sight.

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buckinbronco said:
Buy when there is blood in the streets. That’s what I did today in my long accounts.
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I ain't ready to do that just yet...I was all cash in my primary long term IRA and started buying Q's at $320, $300 and then $280. I am about 70% invested...I am comfortable with what I have done, it's saved me a lot of money with a $300 avg v/s where I sold it at, just under $400.

We haven't even started a "recession" yet and Q's are down almost 35% and SPY down 25%. Is it going to be 50% and 40% respectively...things will get worse before they get better....much worse.

SPX broke below the this trend line...this is really bad.

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Q's still holding it's trendline...for now.

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Tesla still up 15% yoy....above it's 2021 low. I think Tesla is going to break $550. Elon just jacked up prices again on his car...who is the world is going to be buying really expensive cars that have a history of quality issues and safety.

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Maybe a bounce heading our way. But when people are afraid to buy or sell out in a panic normally the short term bottom is here. But I don’t know
 
No snow for you said:


Maybe a bounce heading our way. But when people are afraid to buy or sell out in a panic normally the short term bottom is here. But I don’t know
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I was going to buy calls for July monthly on the Q's but I am scared we wake up 3% down again....this is terrible.
 
KyloG said:
I ain't ready to do that just yet...I was all cash in my primary long term IRA and started buying Q's at $320, $300 and then $280. I am about 70% invested...I am comfortable with what I have done, it's saved me a lot of money with a $300 avg v/s where I sold it at, just under $400.

We haven't even started a "recession" yet and Q's are down almost 35% and SPY down 25%. Is it going to be 50% and 40% respectively...things will get worse before they get better....much worse.

SPX broke below the this trend line...this is really bad.

View attachment 119265


Q's still holding it's trendline...for now.

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Yeah I am buying in my IRA’s on the downslope little by little, not necessarily trying to time the bottom. I agree that we are set to go down further, I just don’t know how much more or the timing.
 
Osc very very oversold...so due for a bounce.

In a perfect world we have a big gap down again tonight to maybe $360 on the SPY, it reclaims the low for today and we got something to trade with. We get a gap up I will be so ticked.

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KyloG said:
What’s up with Japan? I wasn’t aware.
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They have yield curve control going on pegging the 10 year to .25% at the top end of the range. The market is hammering that top end of the curve and they may raise the ceiling or abandon it all together. If they drop it watch out below.
 
What the F seeing many things on twitter showing the fed balance sheet increasing over last two weeks. What the actual hell ???


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The amount of wealth purged over the past week is astonishing, TT, effects will take months to be fully realized. With gasp, S&P floor could approach 2800 in the late fall. Mach 2 wheels down.
 
Tangible assets, commodities, metals, nothing else over the next 6 months. Short, sharp and fast, even keel mid 2023. Only then do I attempt to beat the market for long term gains.
 
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