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Misc Stock Market

How bout this EOD dumperooski. Prob take out yesterdays low, wick, then rip starting next week. Key level just below yesterdays low.
 
Added some SPY for taking home at $391, added back to OKTA which has been great. That's it.

Does feel like that trendline support is going to break but I will be more frustrated with a gap up and nothing on then waking up to a gap down with a couple of things on.

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Q's with a backtest of former trendline support...10 cent close yesterday is the only thing in the way of 6 straight big down days for the Q's.

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KyloG said:
Added some SPY for taking home at $391, added back to OKTA which has been great. That's it.

Does feel like that trendline support is going to break but I will be more frustrated with a gap up and nothing on then waking up to a gap down with a couple of things on.

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Needs a couple fakeout bars before a breakdown. If we even get one
 
Jimmy Hypocracy said:
Needs a couple fakeout bars before a breakdown. If we even get one
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This was very cold-blooded...predatory.

They pushed it above the open of $400.3 to stop out shorts, traded sideways for a couple of hours and it really looked like it would push higher and then the bottom dropped out, once it broke $397, morning low, I closed my longs to salvage an OK 2 days. They then tried to push it down to yesterday's low of $390 and then they yanked it up $3 the last 10 mins into after hours.

Algos are kicking everyone's butt....very very difficult. That's why I took SPY home at $391...but that pretty much guarantees a big gap down on Tuesday.

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One thing to take caution over with the unemployment reports is that companies are hiring multiple people for the same role in the same month because people keep leaving the role. Pharmacy near me hired 24 people in 3 months for the same role, they all left. Some pharmacies near me are half open because of the labor shortage.
 
severestorm said:
One thing to take caution over with the unemployment reports is that companies are hiring multiple people for the same role in the same month because people keep leaving the role. Pharmacy near me hired 24 people in 3 months for the same role, they all left. Some pharmacies near me are half open because of the labor shortage.
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Isn't it net jobs? So if 24 people were hired and 24 people left... it would be 0 jobs added.
 
If SPY was to take out it's 52w low of $362 there is a big volume gap down to $340 area. That would be 30% haircut from ATH's, which isn't that far fetched. Parabolic moves are great but they give it up fast. This week it sliced through another big volume gap of $390-$405, but the $387-$390 area has a nice volume shelf, expect a lot of fight there.

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SPY about to avalanche...and that's saying something after the past 2 weeks.

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Just a matter of time before META takes out $155 it appears

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What a epic bear trap that was...they gapped up everything big overnight, faded it into the open then took out $390 quick and then ripped it higher.

This market is cold blooded...so predatory.

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ES just a complete clown show. mm's are screwing with everyone.

Big waterfall on Friday afternoon, it grinds up....they waterfall it again then yank it up hard this morning. I don't trade when it gets like this. I went long $SPY's at $390.70 on Friday afteroon, closed 1/2 out at $395 and rest when $393 broke this morning. No fomo right now for anything, though things are still over sold.

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Fb_kkGoWQAInFML
 
Still no bid. AMD trading at 5x sales, reported 60% growth and guided to 50% for this quarter. I don’t get it. 7744782A-7AA2-4E6E-8741-40F9D9479019.png
 
Semiconductor fab bottlenecks are a non-issue moving forward, at-least on current and next gen processes. Fully expect that sector to trend downwards over the next 2-3 quarters as supply will exceed demand. Overcompensate in one sector, which ones are next for fallout? I'm in at S&P ~3400, 3000 could be the likely bottom but I'm not going to flirt too low as I lost out on the mid summer clip, I think Q1 (Feb) is the likely entrance point. Largely a year out of the game for the nest egg.
 
severestorm said:
BofA: "In our view, declining liquidity and resiliency of the Treasury market arguably poses one of the greatest threats to global financial stability today, potentially worse than the housing bubble of 2004-2007."
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Feels like that is an elbow into JPowells ribs. Banks love free money and right now Fed is taking away the gravy.
 
PYPL with an impressive chart. Held the 50dema and now a nice trendline breakout.

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