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Misc Stock Market

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NQ looking bear flaggy too....the EMA's were great support and now great resistance.

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Dang...it's only going to get worse with the Fed hiking

 
Almost all tech stocks are below there ma's..except. I actually bought some $TSLA at $291 in PM. Closed it at $299.90. Probably going higher. Help make up the disaster that was yesterday.

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META going bye bye...$155 had held many many times and it finally broke. $137 covid low...maybe $140 bounce.

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KyloG said:
Some big sweeps for AMD...I want AMD at $75, would add shares/calls. Hoping that comes this week.

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Back in AMD in my swing account and added shares to my long term IRA. Was looking for $75 and it hit it this morning for a few mins.

Semi's are still super weak but $75 was my plan so we shall see...stop is set in my swing account.

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Dow broke it's trendline and rejected it today...trendlines are what they are but SPY/Qs are hanging by a thread.

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Shorted some $AAPL when $155 broke. Market just got punched in the mouth...

Shorted some $TSLA at $303, key intraday level..

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$TSLA was a quick and easy short...$303.2 was intraday pivot and failed retest. Covered 1/2 at $300.8. TSLA was a big money maker today, it helped me erase all my losses from yesterday's mess.

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Why they let these garbage Chinese names even trade on our market

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KyloG said:
I thought this was interesting...

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Definitely some truth to that at least as far as the mortgage rates are concerned. I know we're locked in at 3.25% (sadly though I'm early 50 somethings lol) but yeah those looking to buy now are in a much more precarious situation. I'll add, many of those locked in with good interest rates are also nearing the end of their careers, with good salaries and nearing that first retirement. It does make a difference, I'm concerned about the financial future of my daughters, one of which just getting her career started now.
 
metwannabe said:
Definitely some truth to that at least as far as the mortgage rates are concerned. I know we're locked in at 3.25% (sadly though I'm early 50 somethings lol) but yeah those looking to buy now are in a much more precarious situation. I'll add, many of those locked in with good interest rates are also nearing the end of their careers, with good salaries and nearing that first retirement. It does make a difference, I'm concerned about the financial future of my daughters, one of which just getting her career started now.
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One good thing about the situation now is since purchasing power is decreased, the value of the home will decrease too. I'm waiting until February before contemplating buying. I think all the layoffs and market bottoms will happen before then. Home prices will be 30-45% lower and then you can refinance at a much lower rate when the fed lowers rates. The homeowners that bought in 2021, are going to be most negatively impacted because it will take several years or decades to regain their home equity. This is why some FOMO buyers in 2008 simply walked away from their home.
 
metwannabe said:
Definitely some truth to that at least as far as the mortgage rates are concerned. I know we're locked in at 3.25% (sadly though I'm early 50 somethings lol) but yeah those looking to buy now are in a much more precarious situation. I'll add, many of those locked in with good interest rates are also nearing the end of their careers, with good salaries and nearing that first retirement. It does make a difference, I'm concerned about the financial future of my daughters, one of which just getting her career started now.
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It's an interesting dynamic in a number of ways. I have a great rate at about 2.25 with about 13 years left on my home loan. In a normal world I would be looking at upgrading my house or a second home, but I won't be doing that in this environment. Increasing these rates to these levels won't be a sustainable option.
 
severestorm said:
One good thing about the situation now is since purchasing power is decreased, the value of the home will decrease too. I'm waiting until February before contemplating buying. I think all the layoffs and market bottoms will happen before then. Home prices will be 30-45% lower and then you can refinance at a much lower rate when the fed lowers rates. The homeowners that bought in 2021, are going to be most negatively impacted because it will take several years or decades to regain their home equity. This is why some FOMO buyers in 2008 simply walked away from their home.
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Considering material and labor cost they can only drop so much, especially in attractive markets.
 
Thor said:
Considering material and labor cost they can only drop so much, especially in attractive markets.
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Yeah in fact in some areas home values are still appreciating, will be interesting to see how this all sorts out... btw I've only got about 10 yrs left on mine and if all goes well, I hope to have it paid off before then. The idea of upgrading has definitely been put on the back burner for now though just like you mentioned.
 
If markets head to June lows then companies like AMD are going to make 3-4 year lows. If AMD breaks $70 it's a fast trip down to $58.

I would probably put 50% of my IRA in to AMD at $60..maybe more.

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If $290 breaks, close below $290, it's going to be an engulfing weekly, will be a stampede to the nearest exit.

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metwannabe said:
Definitely some truth to that at least as far as the mortgage rates are concerned. I know we're locked in at 3.25% (sadly though I'm early 50 somethings lol) but yeah those looking to buy now are in a much more precarious situation. I'll add, many of those locked in with good interest rates are also nearing the end of their careers, with good salaries and nearing that first retirement. It does make a difference, I'm concerned about the financial future of my daughters, one of which just getting her career started now.
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We locked in 2.75% a year ago over our original 3.85% and cut five years off. And about 28k in interest. We couldn’t pass that up.
 
TSLA near multi-month highs, impressive. Retail mob for the win.

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odd day....tech and energy getting hit but financials/travel/healthcare all solidly green. Small caps are strong too.

this doesn't look like the market is about to roll over...but maybe ?‍♂️

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ADBE typical bubble burst bell curve. These SAAS names all should look like this. ADBE is actually a great company, one of the few SAAS plays with solid +net income.


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