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Misc Stock Market

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Going to be very difficult for tech and most other things to rally with yields parabolic. 2 yr at a 15 yr high.

Monthly chart of the 2yr.

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severestorm said:
NVDA was asked to not sell to China or Russia, that's the reason for the plunge.
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Well and they had a huge earnings miss and guided down to negative double digit growth for this quarter. It's trading at big premium.
 
SPY gaps that should get filled over the next few weeks....


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NVDA bubble is bursting...can't believe retail ran this up to an $800B market cap at one point.

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SPY $387-$390 is a choppy range....and also could be break of a big bear flag. I'm just watching the carnage, this was fairly easy to see after last Friday. I have scalped a few shorts for a few $ but nothing big.

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Loaded 10 SPY 392 calls 9/7 at 390.34

And 5 qqq 297 calls 9/7

Praying for one Green Day between now and then lol


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Energy is about to get rocked -> Moscow will not supply oil to those who introduce a price cap on Russian oil, says Russia's Deputy Prime Minister ahead of the G7 meeting.
 
I have a hard time with these SAAS companies as they all lose money but OKTA is still high rev growth and this seems over done compared to the rest of them.

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KyloG said:
I have a hard time with these SAAS companies as they all lose money but OKTA is still high rev growth and this seems over done compared to the rest of them.

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Did add a nice amount of OKTA at $60.15 a little bit ago. Stop LOD.

Few on some other swing longs this afternoon. ?‍♂️
 
Should have added calls...I like this to get up to the gap of $69 over the coming days. Assuming market gives a little bounce next few days.

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OKTA been great from low $60's...other swings are solid. Assuming they don't announce a secondary and market doesn't fall apart I think OKTA can get to the edge of the gap at $69.

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Q's - $298.60 is my pivot to abandon ship. Not surprising first hour of the day is lot of profit taking from yesterday's dip buyers. Now see if it push back up, if so, shorts will start covering.

Trimmed a lot of $OKTA into $64's.

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KyloG said:
Q's - $298.60 is my pivot to abandon ship. Not surprising first hour of the day is lot of profit taking from yesterday's dip buyers. Now see if it push back up, if so, shorts will start covering.

Trimmed a lot of $OKTA into $64's.

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And there you go...shorts are going to have to start covering.

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$AMD been relatively weak but if tech is going to push higher the semi's need to wake up.

I like the diamond patterns, well if they break up and out and I am long but...

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These bear market rallys usually like to push/test into the EMA's. So for SPY into the $407 area maybe early next week.

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Mega caps pushed into there EMA's and got rejected.

They ran Apple to within 2% of ATH's and now it still needs to unwind more. Potentially may need to get back down into the $130's for tech to bottom.

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