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Misc Stock Market

NQ futs top wicks 3 out of past 4 days...they had this solidly negative today but had a quick ramp into close.

This is hinting at momemtum lost but big cap tech earnings next week so I don't expect this to have a correction until after Apple reports, which is next Thursday. I am relatively light but I could totally see them gap things up again tomorrow, this market has been so relentless.

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I still can't believe we had several us that owned CPE at the bottom and then we sold it for pennies...?‍♂️

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Pretty good chance yesterday was finally a blowoff top for now for semiconductor stocks, which removes a major reason why the Nasdaq had been rallying hard.

Only thing I gotta say there though is I’m salty I don’t have even more exposure. I hold 50 shares of AVGO from early 2020 (which is a great price even pre crash), but I wish I had more because I’m greedy (and really if I just sat on my hands, I would have more, but I exited AMAT).
 
Bought some $SAVE at $5.80..stop LOD. I won't carry this over the weekend...will sell into $6.40'ish if it gets there.


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metwannabe said:
Wonder if @KyloG ever thinks of telling us what he's going to do rather than tell us what he did and how well he did it? Hmmmm, c'mon man be like the 364hr 18z GFS and throw us a bone from time to time
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Haha...I literally told you guys to put bids in Tesla at $180'ish and get out at $185-186.

The Save trade came fast and it's because someone I trust tweeted about it.

I did get stopped out of DWAC yesterday...I am not fooling with that one today, not even going to look at it.

I sold some XXXX (4x leveraged SPX) into $31.35 this morning. I have bids to add some back at $31.03. I started trading more TQQQ/XXXX, leveraged ETFS so I can leave more cash in my IRA as cash is getting paid out at 3.5% with yields so high.

I lightened up yesterday afternoon, bought the pre-market dip and sold into the pop. Large cap tech earnings next week, going to be very tricky. I am much lighter than I had been and going to only buy dips. I think after Apple earnings we could see a shart pullback...that I will buy.
 
Ugghh...I should have been more patient with DWAC yesterday...up huge off yesterday's lows.

I wasn't going to look and now I did.

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Alright...watching tesla...if they undercut $180 and then reclaim I may add shares then.

Old timers talk about the "3 day rule" for stock that tank after earnings. Buy on the 3rd day...that would be Monday. I'm only going to buy if $180 breaks, reclaims.

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AXP big breakout...AMD is my largest holding and AXP is my second largest, owned them both for years. Only other stock I own and hold in my IRA is CRWD but that's small position I started last summer.

Weekly chart.

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That play on the dow worked out.. waiting for reentry
 

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KyloG said:
NQ futs top wicks 3 out of past 4 days...they had this solidly negative today but had a quick ramp into close.

This is hinting at momemtum lost but big cap tech earnings next week so I don't expect this to have a correction until after Apple reports, which is next Thursday. I am relatively light but I could totally see them gap things up again tomorrow, this market has been so relentless.

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As mentioned yesterday, tech looked exhausted, momentum shifting. Top wicks and any strength being sold. With that said I added some X4 and TQQQ back here.

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Haven't done anything today...I sold a lot last Thursday/Friday, 60% cash. But it's hard to ignore this nice bull flag building in the SPY...

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KyloG said:
Alright...watching tesla...if they undercut $180 and then reclaim I may add shares then.

Old timers talk about the "3 day rule" for stock that tank after earnings. Buy on the 3rd day...that would be Monday. I'm only going to buy if $180 breaks, reclaims.

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Like I mentioned last week..."3 day rule" for Tesla....up almost 3% today. Not in it though.
 
Bought a dip here in TQQQ...right at support of a intraday wedge. Stop is set...I don't have much conviction on this but, I buy dips so let's see.

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Broken024 said:
I want to buy puts so bad but the train seems unstoppable right now. Waiting for @KyloG to give me permission.
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I bought the dip this afternoon and thankfully got stopped out. I am still 60% cash. I have a feeling next few days will be very volatile. FOMC decision tomorrow and Apple earnings Thursday. SPX up 20% since Oct lows so feel like we are due for a prolonged pullback but I don’t short. I just get out of the way.
 
tech hammered over night...futs off lows but no desire to buy right now. With FOMC today and Apple tomorrow after close just going to wait patiently for direction. Most rationale people want some form of multi-week pullback but this market is manic and AI mania is driving everything higher.

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Fairly textbook island top on the Qs...but...nothing would surprise me on how this closes.

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Tech getting hammered and Tesla getting bought. Most of Jan tech been up and Tesla got hammered. The strangest stock...I guess other are selling the good ones and bidding up Tesla.

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Since the Oct low the Dow/SPY/Q's all are up roughly 20%. So it's not just tech performing.

QQQ-orange
DOW-dark blue
SPY-light blue

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6 days of gains gone just like that in the SPX. I have no fomo short or long. I am 70% cash right now...plan on staying there until I get a sense of direction.

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DWAC is very interesting...tried to break through $40 but rejected hard...I think $40 gives in another day or two. This is one on my radar for tomorrow.

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KyloG said:
DWAC is very interesting...tried to break through $40 but rejected hard...I think $40 gives in another day or two. This is one on my radar for tomorrow.

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Uggh...I should have grabbed a few yesterday before close, had a feeling this was coming. Up 8% on the day.

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still waiting on watching the predatory moves. They took out the morning low and then yanked it up and took out the morning high. They are screwing with everyone right now.

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RoddyPiper said:
@KyloG ........what are your thoughts on Intel (INTC)?
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I like INTC but don't own them...I own a lot of AMD, my biggest holding but don't recommend you buy at today's prices. INTC is a lot like Cisco...great company, big, but stock is slow moving. Its done nothing for 6 years...its not best of breed anymore. I would rather just own SPX over INTC or a CSCO. But, that doesn't mean the stock isn't a buy and couldn't be at $70 in a few years, which is ATH's.

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KyloG said:
I like INTC but don't own them...I own a lot of AMD, my biggest holding but don't recommend you buy at today's prices. INTC is a lot like Cisco...great company, big, but stock is slow moving. Its done nothing for 6 years...its not best of breed anymore. I would rather just own SPX over INTC or a CSCO. But, that doesn't mean the stock isn't a buy and couldn't be at $70 in a few years, which is ATH's.

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Yea. I was looking at more short term. They are down around 13% since earnings report the other day....which wasn't all that bad, just not as good as the market expected. I feel like it was way oversold. Im in at $43.24 with a SL at $42.40 (came close earlier)
 
RoddyPiper said:
Yea. I was looking at more short term. They are down around 13% since earnings report the other day....which wasn't all that bad, just not as good as the market expected. I feel like it was way oversold. Im in at $43.24 with a SL at $42.40 (came close earlier)
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Nothing wrong with that...$41.18 should be support. But nothing wrong with tight stop of $42.40 either.

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Yesterday we were going into a recession, market was falling off a cliff and just like that SPX has erased almost all of yesterdays candle.

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KyloG said:
META getting taken to the woodshed after hours...and after looking at the earnings I don't it's down enough. Earnings were so bad and the bar was fairly low. It's trading at a 6 year low.
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This essentially was the bottom in META...the earnings at this point were god awful and stock had dropped from $380 to $90. It just blew out earnings today and is trading at $440....15 months after hitting $90.
 
KyloG said:
Yesterday we were going into a recession, market was falling off a cliff and just like that SPX has erased almost all of yesterdays candle.

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It felt like a fairly firm top was in for the Nasdaq, but with the S&P pulling this again off a large red candle, I’m not so sure.

Probably need to have one of these big red candles and have follow through on it before we declare this move from October 2023 over.
 
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