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Misc Stock Market

The algos are just screwing with everyone....$370 was a big pivot, SPY cleared that yesterday, closed above that and now big gap down, took out the June lows again, and now yanked it up.

No thanks, not touching this market.

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KyloG said:
The algos are just screwing with everyone....$370 was a big pivot, SPY cleared that yesterday, closed above that and now big gap down, took out the June lows again, and now yanked it up.

No thanks, not touching this market.

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I really think they want to finish the quarter above the June lows.
 
clown market...algos are screwing with everyone.

$362 was the June low and they keep taking it out and making lower lows and then yanking it higher. They are not going to let shorts just ride it down without a fight and they are trying to get longs to chase.

Nobody in there right mind is going to chase this here but shorts are going to keep trying.

I'm done for a few days atleast, closed my positions in pre-market and haven't made a trade since.

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The headlines today are borderline apocalyptic

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Storm5 said:
Also how do we know the big HFs aren't short . More downside could be great for the quarterly PNL .

I just want more out of my October puts


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Good point
 
$TSLA first 15 mins of they day....it's a total clown show. They yanked it up and stopped out shorts, yanked it down 2.5% and stopped out longs and then yanked it up again.

The entire market, it just needs to flush.



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$TSLA key support $266, they dropped it below and then yanked it up 4% in 10 mins

I have nothing on and I am not chasing anything short or long.

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Looks like it's going to be a green game 7 to save the quarter.
 
Lol SPY found buyers below 362 this am ripped it to 635 and now holding at 362 for last two hours. If it breaks gonna flush into close


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We are going to see more pressure on JPowell to stop hiking...market tantrum is going to continue until he does and he will be forced to cave.

 
KyloG said:
We are going to see more pressure on JPowell to stop hiking...market tantrum is going to continue until he does and he will be forced to cave.

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So far, the decline in stocks has not been disorderly like in previous corrections that have forced a quick reversal in policy. As long as that maintains and nothing breaks or almost breaks, they are going to keep going.

That won't stop Twitter warriors from making doomsday tweets, but that's just how it is.
 
Rain Cold said:
So far, the decline in stocks has not been disorderly like in previous corrections that have forced a quick reversal in policy. As long as that maintains and nothing breaks or almost breaks, they are going to keep going.

That won't stop Twitter warriors from making doomsday tweets, but that's just how it is.
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Yep...but the market hasn't had to deal with losing a pivot like $362 in a 14-15 years. If $362 finally gives the market could get real ugly quick....dems are in big big trouble with markets like this. All anyone know is there retirement accounts are down 20-30%, inflation is out of control and stock market is in free fall. Going to get political real fast.
 
KyloG said:
Yep...but the market hasn't had to deal with losing a pivot like $362 in a 14-15 years. If $362 finally gives the market could get real ugly quick....dems are in big big trouble with markets like this. All anyone know is there retirement accounts are down 20-30%, inflation is out of control and stock market is in free fall. Going to get political real fast.
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That's true and I'm with you. But the Fed is on a mission. Anyway, we got 2 hours for the rescue operation. I think the breakdown just now is a fake out, but we'll see.
 
Rain Cold said:
That's true and I'm with you. But the Fed is on a mission. Anyway, we got 2 hours for the rescue operation. I think the breakdown just now is a fake out, but we'll see.
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The 2 yr is up 50% above the 2018 high when the markets were in free fall with inflation at normal levels. The 2yr is at a 15yr high and we have no idea how the economy will handle this as effects will lag. The bond markets are signaling big trouble.

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KyloG said:
The 2 yr is up 50% above the 2018 high when the markets were in free fall with inflation at normal levels. The 2yr is at a 15yr high and we have no idea how the economy will handle this as effects will lag. The bond markets are signaling big trouble.

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I agree
 
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