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Misc Stock Market

I don't like when SPY gets this extended from the 8/20 ema's. Why I am taking a few days of. I did trim 20% of $AMD at $74 on the big gap up, it's up almost 40% from lows a few weeks ago. Holding the rest and will add if it see's low $60's again.

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Amazon plans to lay off approximately 10,000 people as soon as this week

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$META was down 78% from it's highs but now is up 33% from it's lows. And probably has a ways to run.

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$AMD was down 67% from it's highs but is now up 38% from it's lows. I know the sentiment is to buy and hold, that wins out....but actively managing even your long term accounts makes a big difference.

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Walmart beat. Market ready to go now ?

I might have to bite the bullet and go long on this overextended move if I want to see another dollar of gains before 2023
 
Heading into the holidays, toy manufacturers may be a good idea. Especially the ones who are being innovative and making more affordable options of their high pricetag toys. At least for those who don't like to sit on stock for a long time.
 
FOMC is going to be backed into a corner now...not sure they can hike much more.

US CORE PPI MOM ACTUAL 0.0% (FORECAST 0.3%, PREVIOUS 0.3%)
 
KyloG said:
FOMC is going to be backed into a corner now...not sure they can hike much more.

US CORE PPI MOM ACTUAL 0.0% (FORECAST 0.3%, PREVIOUS 0.3%)
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The services number in there is a clue of what’s coming to core CPI as soon as the housing deal is straightened out I think. Fed’s gonna need to start acknowledging this or risk being ignored soon unless October turns into another false dawn.

I’m late to it in this thread, but man was I completely stunned on Thursday last week.
 
GeorgiaGirl said:
The services number in there is a clue of what’s coming to core CPI as soon as the housing deal is straightened out I think. Fed’s gonna need to start acknowledging this or risk being ignored soon unless October turns into another false dawn.

I’m late to it in this thread, but man was I completely stunned on Thursday last week.
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Maybe they don't stop hiking completely but they should at least pause in Dec, give a few more months of inflation/jobs numbers and then they can hike in the spring. They have hike 4 straight with .75%, it's unprecedented.
 
Extremely difficult to swing right now...ES has made 5 higher highs but has held $3950-$3960 area. These megaphone patterns are so hard.

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Jimmy Hypocracy said:
ES1 is the truth. I always check it to confirm a trade. Where can I get real time price/charts on ES1?
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I pay for TradingView which is where that chart is from but futures should be on any trading platform you use. Below is from td/thinkorswim.

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DIA looks vulnerable. Negative divergence, rising wedge. But, these can usually push higher, hold on longer than most think.

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NVDA reported a 20% decline in revenue in August, guided to even worse for this quarter. $450B market cap and looking at roughly $25-$27B in FY2023 revenue. That's 17x sales with negative revenue growth. It's up 56% from it's lows...it's a retail mob favorite, clearly.

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KyloG said:
NVDA reported a 20% decline in revenue in August, guided to even worse for this quarter. $450B market cap and looking at roughly $25-$27B in FY2023 revenue. That's 17x sales with negative revenue growth. It's up 56% from it's lows...it's a retail mob favorite, clearly.

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And now MU warned. The semi's have clearly rally'd a little too much. And I don't like tech when semi's are relatively weak. Still sitting on the sidelines.

 
Banks and energy has been leading SPY higher, relative to tech, and now those look overdone. GS almost at ATH's.

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Genesis a week ago...."no problems, we good"....



Genesis today...."pausing withdrawls of customer funds from our lending business".

 
Elon sounds like a wonderful boss. Fires half the company, threatening to fire anyone else that doesn't give there life to it moving forward. All because he made a bad investment that is costing him money....as the richest man on the planet.

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SPY needs ema's to catch up...up to fast. I really don't think market rolls over to EOY the but could be very choppy.

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$SPY $388 would be close to a do or die level, .5 fib retracement. The .618 fib retracement would be stretching it but in between those levels would be a fight, I would hope.

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