• Hello, please take a minute to check out our awesome content, contributed by the wonderful members of our community. We hope you'll add your own thoughts and opinions by making a free account!

Misc Stock Market

Unemployment Insurance Weekly Claims

Initial claims were 228,000 for the week ending 10/8 (+9,000).

Insured unemployment was 1,368,000 for the week ending 10/1 (+3,000).
 
S&P is 3% above the pre-covid highs...$3400 is where I think we could bounce. Market is in free fall, no bid whatsoever.

I've only done a couple of swing trades this week for pennies.

Screen Shot 2022-10-13 at 8.55.40 AM.png
 
KyloG said:
I am down 24% with my active 401k, current job.
Click to expand...
Just watching the years adding on to my retirement age calculator in my profile. Not too many safe places for your money right now. I'm waiting a bit on acquiring more real estate as those prices seem to lag. I'm guessing late 2023 I may be a buyer of land again.
 
Thor said:
Just watching the years adding on to my retirement age calculator in my profile. Not too many safe places for your money right now. I'm waiting a bit on acquiring more real estate as those prices seem to lag. I'm guessing late 2023 I may be a buyer of land again.
Click to expand...
I am going to work another 15-20 years so my active 401k I am good with this as I contributre every 2 weeks.

I do have a large IRA from 20 years of working previous job that I am actively managing and that's only down about 5% on the year.
 
Lot of ticked off people right now...they pumped futures right before CPI release and then the bottom dropped out. No stops in pre-market so many got caught. This is a very predatory market and only getting worse.

Screen Shot 2022-10-13 at 9.10.01 AM.png
 
Everything is so extended from it's 50/200dma's.

Q's RSI below 30.

sc.png
 
Trying Tesla at $208....this is an insane sell off...35% in about 3 weeks. Stop at $206.19...LOD.

sc.png
 
KyloG said:
Added AMD here at $56.60. I am done adding shares. Right at volume shelf.

It warned PC bus was slowing, not surprising at all. DC business strong/growing. Yeah, if the world economies collapse then everything is going much lower. But I like shares here long term.

View attachment 122911
Click to expand...

AMD with a power candle....

Screen Shot 2022-10-13 at 11.20.53 AM.png
 
Look at that price action today....swept the legs and dropped 5% and then rocket back up 6%. Trading like a meme stock.

Screen Shot 2022-10-13 at 11.54.15 AM.png
 
Some smart people think the Q's is headed to $190 area, strongest volume shelf, which is roughly a 50% from ATH's. I don't know...it's hard for me to fathom that as I am definitely biased bullish.

Screen Shot 2022-10-13 at 4.14.52 PM.png
 
You must log in or register to reply here.
Back
Top