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Misc Stock Market

I fully expected INTC to be at $45 by the end of trading today....but these games people play.....its nauseating.
 
Not a big of fan of small caps but I bought some IWM here at 193...had a big run up...consolidating. Stop at $192...not overly committed to this.

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NIO is on my radar...EV has some momemtum recently due to Tesla but this is a big momemtum name and I like huge falling wedges like this.

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RoddyPiper said:
What entry point are you looking at?
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Still thinking. It's tricky...it's right at $5.40 which is where it roughly IPO'd. Do they undercut that and drop it to $5 and then maybe rally or does it keep bleeding out to $1. Ideally it bases at $5-5.50 for a 2-3 weeks, or longer, and then you can maybe buy. I wouldn't buy today...but it's on my radar to watch.

This is the monthly chart.

Screenshot 2024-02-02 at 11.05.12 AM.png
 
Apple daily is nuts...dip buyers came rushing in. I don't swing Apple that often because when you buy SPY/Q's the biggest holding is Apple.

If it gets through $187 look out...Qs could have a 2% day and SPY a 1.25% day.

Screenshot 2024-02-02 at 11.18.39 AM.png
 
Market just won't stop...getting some negative divergence setting up...this will eventually give a sharp correction but anyones guess.

Still a heavy long...I didn't trim as much as I normally do today as Monday's have been green lately.

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Bought this SPY dip via (XXXX) at $490.5...they push it below $489 things could get dicey

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GFmsk2JXsAAJPim
 
I’ll be honest it still feels like things are going to break. Realtors are still trying hard to get people to keep buying homes right now even though rates are set to begin dropping this summer. Feels like they’re missing something. I ultimately think people are going to get stuck holding these home “bags” they’ve acquired in the last 4 years. They’ll bankrupt these Airbnb gurus first. Just how I feel. Millennials need homes and as of right now they are completely priced out and cannot afford them. They’ll have to make this right or the future of our country is going to quit on the American Dream. We need some big changes.
 
Jimmy Hypocracy said:
I’ll be honest it still feels like things are going to break. Realtors are still trying hard to get people to keep buying homes right now even though rates are set to begin dropping this summer. Feels like they’re missing something. I ultimately think people are going to get stuck holding these home “bags” they’ve acquired in the last 4 years. They’ll bankrupt these Airbnb gurus first. Just how I feel. Millennials need homes and as of right now they are completely priced out and cannot afford them. They’ll have to make this right or the future of our country is going to quit on the American Dream. We need some big changes.
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Letting in 10 million more homeless people is doing nothing but wrecking the supply and demand ratio even more. Throw in the high interest rates for borrowing on a 15 or 30 year. Easy to see how they are royally screwed. On top of the fact they pay 1000-1500 a month in rent, cant save up that down payment.
 
Jimmy Hypocracy said:
I’ve got a chub View attachment 145362
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Nice catch! I would have bought Tesla at 179-180 this morning had I been paying attention. You had a hammer candle yesterday, another gap down that was immediately bought. And for whatever reason when the market wants to cool off and rest you see Tesla run.

Screen Shot 2024-02-06 at 9.54.13 AM.png
NIC
 
NVDA getting hammered today and dip buyers doing there thing.

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SPX looks nice...2 day big move higher and now 2 inside days (down).

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Jimmy Hypocracy said:
TSLA with a lil cup and handle into the close
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Up against that trendline resistance...tomorrow is ripe for a gap up and go. Assuming market doesn't fall apart. I am kind of thinking market pushes higher a little more and with opex next week we might see some sort of pullback. But just a guess.

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KyloG said:
Up against that trendline resistance...tomorrow is ripe for a gap up and go. Assuming market doesn't fall apart. I am kind of thinking market pushes higher a little more and with opex next week we might see some sort of pullback. But just a guess.

View attachment 145436
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I reluctantly took my 30% profit but I am leaning towards a gap up tomorrow morning
 
KyloG said:
Up against that trendline resistance...tomorrow is ripe for a gap up and go. Assuming market doesn't fall apart. I am kind of thinking market pushes higher a little more and with opex next week we might see some sort of pullback. But just a guess.

View attachment 145436
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Broader market just doesn’t look good to me. Unless the plan is just to trap early shorts IMG_6621.png
 
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