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Misc Stock Market

KyloG said:
My plan is to be fairly quiet this week...it's opex week and this week tends to be a pivot for a seasonality pullback. Also, CPI tomorrow, that will be a mover. But, let's see how things look after CPI tomorrow.
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Glad I lightened up yesterday....still 70% cash. Will add a little on this huge gap down today.
 
Old rule of thumb is if the chart holds the 30-45min low after a big gap down. I am waiting on 10:30am to see how things look to see if the dip gets bought or any tick up gets sold. But that's a huge gap down.

Screenshot 2024-02-13 at 9.59.32 AM.png
 
KyloG said:
Old rule of thumb is if the chart holds the 30-45min low after a big gap down. I am waiting on 10:30am to see how things look to see if the dip gets bought or any tick up gets sold. But that's a huge gap down.

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Yea....the market isn't buying the false prop up of the economy for election timing.....and I am kind of glad.
 
RoddyPiper said:
Yea....the market isn't buying the false prop up of the economy for election timing.....and I am kind of glad.
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SPY is bleeding like a stuck pig right now...just waiting and watching. They could really roll things hard if they want.

I'm in no hurry and the plan was this week was for a quiet week on my side.

Screenshot 2024-02-13 at 10.11.00 AM.png
 
Textbook island top on the SPX...but everytime we think the market is about to rollover we get a sick rally into close or a huge gap up and go the next day.

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Like clockwork...45 min low set and buyers come in. I added SPY at $494, actually XXXX at 32.30, equivalent.

Stop set at LOD. They could really screw with the dip buyers today by taking out that low and then running it higher into close but stop is set so deal with what comes.

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KyloG said:
Like clockwork...45 min low set and buyers come in. I added SPY at $494, actually XXXX at 32.30, equivalent.

Stop set at LOD. They could really screw with the dip buyers today by taking out that low and then running it higher into close but stop is set so deal with what comes.

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Feels like V magic today
 
OMG...NVDA is just a beast. Look at that candle and up over 1% now. They have earnings next week...hard to imagine the market rolling over unless NVDA/semi's do.

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H&s possible 15mins dow
 

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VIX at a 5 month high...I trimmed some dip buy earlier but got stopped out for the rest and now I am 90% cash...and will stay that way probably for a while.

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Windergawx said:
deleted! but one has everything to do with the other and how it unfolds
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Head on to AmericanWx for political talk. They have a loosely moderated OT section that's better than before. That's where I'm at since they removed politics from here.

In other news, inflation is not transitory and sticky. The landing won't be soft as Powell is thinking IMO.
 
Lets be honest here. World politics effect stocks.

Just please keep it bi/tri/quad/pee partisan and keep it factual like this: "Bill passed, stocks taking a plunge/rising in __ sector over it" type if it's worth mentioning at all.
 
severestorm said:
Head on to AmericanWx for political talk. They have a loosely moderated OT section that's better than before. That's where I'm at since they removed politics from here.

In other news, inflation is not transitory and sticky. The landing won't be soft as Powell is thinking IMO.
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Have fun with that
 
Typical....they undercut the morning low in the late afternoon and then they ripped it higher by almost 1%. Brutal price action. I wasn't watching so missed it.

Will they gap it up tomorrow and just keep ripping it higher...that has happened many times the past 12 months.

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KyloG said:
Typical....they undercut the morning low in the late afternoon and then they ripped it higher by almost 1%. Brutal price action. I wasn't watching so missed it.

Will they gap it up tomorrow and just keep ripping it higher...that has happened many times the past 12 months.

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Spinning top dojis accross the board. Place your bets. I’m still Diamond handing those Tesla calls like the degenerate I am.
 
I didn’t watch the last hour of trading but the VIX went parabolic and was up over 30% on the day. Just nuts.

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GT took a beating yesterday with earnings....at a 6 month low. I think its way oversold and could see a 10% run pretty quick.
 
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