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Misc Stock Market

I have nothing on...closed swings yesterday on day 3 up and got stopped out of google yesterday. So many expected follow through to the downside and Q's are up over 1%. ?

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Added some $GOOGL here at $111.70. Stop $108.70. I will accumulate down, and have bids set. Feel like we are going to see the bottom drop out to clear stops before they let it run.

It's being held down while very bullish call flow is being bought up.

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Well they are letting Google run now....had a feeling they were going to clear the stops first. Should have stuck with my plan and lowered my stop and bid it down. Frustrating...I had a plan and should have stuck with it.

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AMD with trendline breakout fail yesterday but backtested today and is now going. Still one of my core long term holds...should have added it my swing account.

I like the markets much better when semi's are strong.

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VIX watch...if it breaks 23.70...look out

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Very likely to just stall for the rest of the day, the VIX market makers already won...the VIX is near max pain for VIXperation tomorrow in the morning.

NFLX needs to not poop the bed or else today is noise (QQQ needed $295+ to hold and SPX needs to somehow get over 3900). It's not a company I really care about, but it poops the bed and at the very least the Nasdaq is likely dropping 1-1.2% tomorrow.
 
AMD with trendline breakout fail yesterday but backtested today and is now going. Still one of my core long term holds...should have added it my swing account.

I like the markets much better when semi's are strong.

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I bought a bunch at $102 and $90. Kind of regret not buying more when it was in $70s.
 
I bought a bunch at $102 and $90. Kind of regret not buying more when it was in $70s.

I owned it from the $50's and sold all of it into $120, $140 and then I think sold the rest into $150. Started buying back at $115 and then $100 and then $90 and then $80 and had full position back on and then I added even more in the mid $70's. I have way more than I am comfortable with and will trim some soon. This is in my primary IRA so I don't have to worry about LT/ST gains.

I think in 2-3 years this will be a double up.
 
Added $GOOGL back at $112...I do like it to test $118 soon. Just need a close over $112.7'ish. Usually trades like this blow up in my face...I got stopped out and should just leave it alone.

I am small but will add more on dips or if it close above $113 or so.

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Added $GOOGL back at $112...I do like it to test $118 soon. Just need a close over $112.7'ish. Usually trades like this blow up in my face...I got stopped out and should just leave it alone.

I am small but will add more on dips or if it close above $113 or so.

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Jumped in yesterday when it briefly went below 109, hoping to accumulate but will see how it goes.
 
Economy aside....this is a bullish chart. I don't have much on...just swinging Google at the moment but want to see Q's close over $296. Of course, everyone looking that same charts/pivots.

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META looks great...clean channel breakout, should test $180 next few days.

I will look to swing if it backtests $172.

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If this is falling apart, it falls apart when Netflix reports post-bell, not tomorrow morning.

Though it could be a case where tomorrow ends up not being bad for the overall market like last time.

The thing that would be just mean would be a repeat of April. Have the Nasdaq drop about one percent tomorrow on a Netflix bomb with the S&P being about flat (which really wouldn't be bad at all), but then on TSLA earnings, it looks like there will be a rally, but then the market crashes and burns.

We'd likely see the S&P try to break what it needs to break to go back to 4k in this world and fail miserably.

Thing is, I'm really not sure TSLA can report anything this time that would cause a rally. Kinda think they sell from the get go.
 
Mediocre report from Netflix and it’s still ripping higher after hours. Market is in buy everything mode. ?‍♂️
 
Might be that time….time to see if the high growth can really start moving.

SHOP could test $50…been basing for 2 months now.



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Bulls have been waiting for this all year... a clear trendline breakout, a clear breakout from tightening EMA's. $296 rejected 3 times and made higher lows each time and then powered through this yesterday.

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BTC with a breakout and backtest...looks like it's going to keep moving higher.

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NFLX filled the gap and now trying to bounce. It's had a huge from form the $160's to $207 over past week or so.

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META looks great...clean channel breakout, should test $180 next few days.

I will look to swing if it backtests $172.

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Well that didn't take long...I like Google better than META at these prices but market likes META better. ?‍♂️

META is by no means expensive, it can run more.

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Man if tesla reports positive numbers no telling where the market ends up by Friday


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Well we know deliveries are light, growth was only 27%. The question is what are their margins and guidance. All Elon usually says is they will achieve 50% growth from now untiil the end of time. I don't expect him to change from that stance.

Somehow their margins have gotten better each quarter in the face of rising costs....things that make you go hmmmm
 
Added some $RIVN at $32.80. Getting through $33-$34 going to be a pain but with Tesla earnings tonight it could move. Moderate position with a stop at $32.33.

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Things are getting very extended...maybe we get a patented Thursday profit taking.

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Closed GOOGL and SHOP for nice gains and a nice week. Still holding RIVN into tonight.\

That googl headline took the market down.
 
Classic topping pattern...pushed to new daily high and violently rejected. Will be tough to overcome this today...I am still bullish, but just need a day or two of digestion. Back test of $296 would be awesome tomorrow.

This definitely cleared some stops and got people short. Of course, reclaim of that level will send shorts steaming mad. I am not chasing anything here...feel like a couple of choppy days are coming.

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$303.50 is a key pivot...it was the Aug/Sep high back in 2020.

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