As expected rejected at the 50d SMA first time...this ain't going to be easy to get through. Still bullish...need consolidation and if it can hold in the $288-$290 area.
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Misc Stock Market
- Thread starter ForsythSnow
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As expected rejected at the 50d SMA first time...this ain't going to be easy to get through. Still bullish...need consolidation and if it can hold in the $288-$290 area.
Storm5
Member
Two good qqq trades today
Bought 292 puts for Monday I'm sure it will rip and give back all todays gains
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Bought 292 puts for Monday I'm sure it will rip and give back all todays gains
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Elon is in trouble. He publicly rallied for twitter board to approve sell and then got cold feet and now trying to weasel out of it. The courts have no love for Elon…he’s going to own twitter one way or another.
Twitter should suspend his Twitter account. Claim it’s a bot account.
You knew this was going to happen. You can't believe a word he says for public consumption.
D
Deleted member 609
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He is the definition of having ---- you money and loves evey minute of ------- with people
D
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GeorgiaGirl
Member
yeaaaahhhh I'm thinking he bit more off than what he can chew here.
But then on the other side, you do have the argument that the legal system is going to be too scared to come down on EV golden boy.
Storm5
Member
Storm5
Member
Tech looks heavy . End of day sell off ?
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I love Elon....?
Trimmed half into $715 from $703. Raised stop to $709.30. It either runs or I am out with a nice swing. Come on Elon...do your thing!
$AMD 1hr EMA's getting tight. Going to be tough to get through $78.30...trimmed some of the dip buy I had this morning at $76.30.
A break below $75.80'ish would be bad and would fall back to low $70's again.
A break below $75.80'ish would be bad and would fall back to low $70's again.
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D
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We buying puts tomorrow? Seems like free money.
Storm5
Member
Guess Pepsi is gonna save the market today 
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Apple is single handedly keeping the market up....they are trying hard to not let the market roll over. I don't have much confidence when breadth is this narrow.
Edit: I guess it could be as simple as Apple doing buybacks. It has huge buybacks approved.
Edit: I guess it could be as simple as Apple doing buybacks. It has huge buybacks approved.
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Cold blooded price again....they gap it up, run it up and then completely rip it down $7.
I have nothing going on....closed my swings yesterday, down a little for the week and I am not going to fool around when the price action is like this.
I have nothing going on....closed my swings yesterday, down a little for the week and I am not going to fool around when the price action is like this.
Sick rising wedge from Apple...CPI tomorrow, will swing something tomorrow based on that. So far the rumors have been it's going to come in lower than expected....others have said it's going to hit double digits.
No snow for you
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Saw a rumor online of a 10.2% cpi print. Hope y’all got a boat load of puts if that is true.
D
Deleted member 609
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Don't worry I bought some SQQQ. Probably going to moon.
No snow for you
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Turned out that was a fake number. Someone is trying to get expectations high so it will make 8.8% look good
Yeah it's going to be lower than expected and we're going to get a nice rally.
Bold. But I like it
GeorgiaGirl
Member
Wanted to get this off my chest before the reading comes out…
The headline version of CPI does measure food/fuel in some kind of way. It just doesn’t do so in a way that satisfies most at all and does in a strange way in some ways (like I think I saw that the fuel measurement is only the second week of the month).
BLS might as well return to how they measured inflation in the 80s because they have a lot of crying with how they measure it now, and it’d mean that the Fed can’t go off PCE to measure…lol in all honesty I still think a lot of what they’re doing is jawboning (as I don’t think you can take rates to where they were in the 80s without severe consequences).
I will say headline will be 8.8-9 YoY, and SPX ends today lower than 3700.
Being a contrarian edge lord has failed this year so I’m not going to be here.
The thing that I will be contrarian on is the long end though. It’s looking like the Fed has lost control of it. I’m guessing we see it rise here, but the ten year doesn’t get higher than 3.5 before it goes back down.
If I’m right about how I think it’s going to act, it’s generally bad news for the I want the Fed to stay tough camp, but we’ll have to wait and see here…
The headline version of CPI does measure food/fuel in some kind of way. It just doesn’t do so in a way that satisfies most at all and does in a strange way in some ways (like I think I saw that the fuel measurement is only the second week of the month).
BLS might as well return to how they measured inflation in the 80s because they have a lot of crying with how they measure it now, and it’d mean that the Fed can’t go off PCE to measure…lol in all honesty I still think a lot of what they’re doing is jawboning (as I don’t think you can take rates to where they were in the 80s without severe consequences).
I will say headline will be 8.8-9 YoY, and SPX ends today lower than 3700.
Being a contrarian edge lord has failed this year so I’m not going to be here.
The thing that I will be contrarian on is the long end though. It’s looking like the Fed has lost control of it. I’m guessing we see it rise here, but the ten year doesn’t get higher than 3.5 before it goes back down.
If I’m right about how I think it’s going to act, it’s generally bad news for the I want the Fed to stay tough camp, but we’ll have to wait and see here…
Those 1min pre market spy candles are glorious right now ?
Market on the ropes….Apple $140 puts for next Friday is probably a good play. I added 5 at $1.30. ?
View attachment 119899
Should have bought 50 of these....
Ummm.....
Guess it wasn't transitory nor has it peaked, seems a little out of control to me.....
This is embarrassingly awful by the Fed.
D
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Easy $