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Misc Stock Market

Storm5 said:
I would agree but the amount of open puts suggests we get the phantom overnight futures moon to save the market from blood tomorrow. Quad witching


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That is definitely a possibility but the $380 puts had 176k contracts traded today so I imagine that is the floor tomorrow. The $390s had almost 400k…so unless they can get it above tomorrow going to be ugly.
 
Quarter end selling has probably started and I can’t imagine they want to be over weight tech at all so…this should be fun.
 
I've been a ?? since early this week. Up 1.5% in my non retirement account today. If I don't look at retirement account it doesn't exist right?
 
FcuBOv-XwAEjK70
 
FDX at $150 would be interesting...getting close. Have bids there in my long term IRA.

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$AMD is very cheap for a company growing at 50%....best of breed now in the semi space. But if it closes below $72 it will bring $60 level very fast. I will probably sell 1/2 my position if that happens and then add all I can at $60.

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If $270 level gives on the Q's....I can't imagine how bad it will get. That's what you get with parabolic moves...probably heads back to pre-covid high of $245-$250.

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I would like a market bottom to be soon if Apple was near it's 52w low but they totally clowned Apple with a 40% straight-up move this summer and now they have to unwind it. ?‍♂️

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Highest PCR since covid...something gotta give. Everyone and their brother is short x2.

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KyloG said:
Oh gosh...set a stop, I would feel bad if this drops to $275 next week.
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I can't. My work makes me hold stocks for at least 30 days. Only exception is ETFs which I can day trade.

If it goes to $275 you owe me $20 a share.
 
BitScam clinging to $19600 level as this the 2017 high. It's actually impressive they have been able to keep this up there...if this were to unravel to $10k it would be chaos.

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This sell off reminds me of the one in June, which also ended on quad witching.

FOMC next week...market is pricing the worst right now. That would be .75 hike and hawkish language that they have a long ways to go with hikes. Only way this turns around is if they hint at a pause soon. Next week will get the rate to 3%...I think probably Nov is 0.5% and then maybe they pause at 3.5%. I just can't imagine then hiking to over 4%.

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Time for the Friday afternoon run into the close to save the weekly chart. +250 on the Dow at close.
 
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