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Misc Stock Market

Well..I was wrong. Qs trying to make new ATH's today. Powerfull move....yesterday had a huge gap down, and pushed further down and then bounced almost 3% since yesterday.

I put some cash to work today, I hate chasing like this but it looks like SPX is going to make new ATH's in the next day or two.

Just look at that chart...violent sell off to start the year and then snap back move higher and every dip was bought the past week...look at the big bottom wicks. So dumb, should have noticed that.

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I don't really trade the airlines but dang...SAVE down 75% in 3 days and now up 80% in 2.

I was watching it yesterday and thought about it but all I am reading is that they might go out of business.

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One of the days/weeks/months China trade might be appetizing. It hasn't done anything for years.

I remember back in early 2021 I met with a financial advisor whose recommendation was to sell tech stocks and buy foreign equities, including China. She was right on tech, somewhat...tech just broke out from it's 2021 ATH but China scares me.

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KyloG said:
One of the days/weeks/months China trade might be appetizing. It hasn't done anything for years.

I remember back in early 2021 I met with a financial advisor whose recommendation was to sell tech stocks and buy foreign equities, including China. She was right on tech, somewhat...tech just broke out from it's 2021 ATH but China scares me.

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What’s my move today?
 
Broken024 said:
What’s my move today?
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I just took a bunch of profits at SPY $485 and QQQ $424.20. NVDA, the darling of tech, just hit $600/share. It's market cap is $1.5T...if it takes a breather than Qs might. The question is does money rotate into SPY/SPX. I am waiting patiently for a dip.

And...NVDA might just be in a little bit of bubble.
 
Added some back here at mid-point of the gap. I was expecting a break of the gap edge to roughly mid point and then a bounce. If it fills the whole gap then so be it but if it closes below Friday's close that would be curious.

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DWAC...totally missed this. This is Trumps (Truth) spac and will go public soon. This might get really nuts with him being the R-nom and a great chace to win. There are so many potential possibilities for him to milk the crap out of this and really pump it...legally.

SPAC start out at $10 share price and this already went to $180's way back when...I rode it from $11 to $40 and got out way to early.

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weekly chart

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Alright....bought a 1k shares of DWAC at $37.6ish...stop below $37. It either runs or I lose a little.

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DWAC behaving nicely...easy dip buy at $41 this morning, nice support at $40. I got out at $45 as I think this consolidates for a day or two. I do have bids placed at $38.50, stop $37.13, in case they try and undercut $40 and clear stops out before it runs again.

I really don't think this rolls over.

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One thing I just realized is DWAC is under SSR now so maybe it doesn't break $40. Dang...I should have held onto half my shares.
 
No DWAC trades today...really want to see it consolidate between $38-$50 today and tomorrow.

I don't do well chasing momemtum names, I like consolidation patterns.

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Jimmy Hypocracy said:
@KyloG what is @Broken024 ’s move today ?
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I'm still a heavy long...I trimmed at open on the gap up, added some back on the mini gap fill. Now patiently waiting. Tesla earnings tonight...that is tricky. Tesla is in trouble but it's sold off hard...many are expecting a big bounce tonight or tomorrow. I won't chase that tonight but if it opens up to a big gap down I will look to buy that tomorrow mid-morning.
 
DWAC bids got hit at $38.30....stop $37.50, tight stop. I thought they would eventually undercut $40 and clear a bunch stops. I'm not going to be stubborn with this, if $37.50 breaks I am out. Been a great trade for me all week, biggest week in a long time on a single name.

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KyloG said:
DWAC bids got hit at $38.30....stop $37.50, tight stop. I thought they would eventually undercut $40 and clear a bunch stops. I'm not going to be stubborn with this, if $37.50 breaks I am out. Been a great trade for me all week, biggest week in a long time on a single name.

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Dang it...stopped out...going to watch and monitor. It's been great all week now just staying out of the way.

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Tesla earnings...getting hammered. That ain't good.

*TESLA: 2024 VEHICLE VOL GROWTH MAY BE NOTABLY LOWER THAN 2023
 
KyloG said:
Tesla earnings...getting hammered. That ain't good.

*TESLA: 2024 VEHICLE VOL GROWTH MAY BE NOTABLY LOWER THAN 2023
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It’s going to get bought up. Apple does this every time after earnings. They buy back stock and keep the house of cards propped up. This ain’t our granddaddy’s stonk market
 
Jimmy Hypocracy said:
It’s going to get bought up. Apple does this every time after earnings. They buy back stock and keep the house of cards propped up. This ain’t our granddaddy’s stonk market
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The dip will probably get bought tomorrow in Tesla...it's earnings were horrific but they buy the name, everyone loves Elon because he tweet outs weird crap all the time.

Rev growth for auto's was 1% yoy...growth is gone and they just warned about 2024. How anyone is buying this at $200/share right now is beyond me.

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Jimmy Hypocracy said:
It’s going to get bought up. Apple does this every time after earnings. They buy back stock and keep the house of cards propped up. This ain’t our granddaddy’s stonk market
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i haven't looked at news or earnings for stock advise in about a yr.. the cards are set lets see them shake... apples macd has been diverging for sometime on the hr charts
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KyloG said:
One of the days/weeks/months China trade might be appetizing. It hasn't done anything for years.

I remember back in early 2021 I met with a financial advisor whose recommendation was to sell tech stocks and buy foreign equities, including China. She was right on tech, somewhat...tech just broke out from it's 2021 ATH but China scares me.

View attachment 143091
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China (HSI) up 10% since I posted this 3 days ago. Uggh..should have bought some KWEB.

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Is momentum waning...these persistent gap ups are getting sold now and red dailys printing. I lightened up some here.

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Problem with Tesla is it trades at 6x sales...with no growth now. If it's not growing then it should probably be in the 3-4x range and even that would be somewhat rich.

If it was growing at 15-20% (revenues) then 6-8x sales would be reasonable, still rich, but it's the market we live in.
 
Tesla headed to $182'ish...that's pretty thin support....might be headed to mid-$160's in the coming weeks. Its very oversold so maybe it gets a weak bounce soon. I have bids at $182-$183 but have tight stop and will sell into any bounce.

Weekly chart.

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DWAC'ing it again. Perfect tag of the 8dema...bid hit at $35.13. Stop LOD of $34.55. Not getting stubborn with this, just going to try and buy dips and sell into rips.


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DOW still inside the flag.......im interested in all the indicators yall use
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First bid got hit in TSLA at $182.73...low was $182.70. I lowered my other bids. I am wondering if they push to $180.

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