Windergawx
Member
neckline broke on semi but the short trend has held, would open up a large position but the fed rate tomorrow has uncertainty written all over it NDQ
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Misc Stock Market
- Thread starter ForsythSnow
- Start date
I'm a terrible short....I should have held these but I have seen so many times the market rip 1-2% on terrible macro news. I don't mind missing out on gains or losing on longs but I hate losing money short.
Terrible price action...broke the low of the day and then ramped it right back up hard into the close. I hate when the market gets like this...I am still very light and not touching this when it gets like this.
Mahomeless
Member
I cleared $1500 on TSLA calls at the open
Market is so brutal...3 days of heavy selling last week essentially erased overnight.
I'm not happy...I was 70% cash coming into today and now I have a decision to make. Chase this or wait...I am waiting for now.
I'm not happy...I was 70% cash coming into today and now I have a decision to make. Chase this or wait...I am waiting for now.
Still not chasing...this type of gap up after heavy selling last week is so difficult...aggravating. This is the 5th day SPY has rejected $515 the past couple of weeks. That doesn't scream breakout but if this closes on the highs today then maybe we get another gap up tomorrow.
My plan is if it breaks that trendline to add with a stop at LOD. I would much prefer this rollover hard though...
My plan is if it breaks that trendline to add with a stop at LOD. I would much prefer this rollover hard though...
Windergawx
Member
on the NDQ it went back to retest the fib zone and it was around the bottom of the short term trend
Brutal...was about to add but then didn't get the follow through 10min candle. So predatory...it looks like it's going to rollover. Today is why you can't short this market...you get to stare into a huge gap up like this and now they roll it over.
That TSLA move was disgusting this morning. Opened above 170 then they quickly yanked it below 166 and boom straight to 175
Windergawx
Member
LAC might have a good quick swing
Windergawx
Member
have a few limit orders in.. guessing after the ride back up to find resistance we will drift down this afternoon.
mm crow lol guess we didnt trend down
mm crow lol guess we didnt trend down
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Jumped back in some OTM TSLA calls this morning on the dip. Let’s see if I can blow an account.
Windergawx
Member
nice hit on LAC
Seriously...the DOJ is going after Apple because of this. If Apple loses it will set back innovation into the stone ages.
www.yahoo.com
Justice Department sues Apple, alleging it illegally monopolized the smartphone market
The Justice Department on Thursday announced a sweeping antitrust lawsuit against Apple, accusing the tech giant of engineering an illegal monopoly in smartphones that boxes out competitors, stifles innovation and keeps prices artificially high. The lawsuit, filed in federal court in New...
ForsythSnow
Moderator
I for one hope Apple loses. They haven't actually innovatived for a long time. True innovation was at the beginning. Their practices as a business are becoming the epitome of bad consumer practices like always finding a loophole around right to repair.Seriously...the DOJ is going after Apple because of this. If Apple loses it will set back innovation into the stone ages.
Justice Department sues Apple, alleging it illegally monopolized the smartphone market
The Justice Department on Thursday announced a sweeping antitrust lawsuit against Apple, accusing the tech giant of engineering an illegal monopoly in smartphones that boxes out competitors, stifles innovation and keeps prices artificially high. The lawsuit, filed in federal court in New...
I don't know enough about other smartphone models but do Android phones have the ability to run iTunes. I'm not sure what they want...Apple should just let other Mfgs use iTunes and iCloud and charge a healthy subscription fee per user. They can't make Apple give this away for free.
Reality is someone in the DOJ trying to make a name for himself by going after a titan...plus it's an election year. Apple will end up paying some fine and conceding something to open up more things.
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ForsythSnow
Moderator
It isn't on Android nor does it work with it. It definitely isn't good how much they control so antitrust suits make sense.
Nomanslandva
Member
Yea, thanks DOJ.Seriously...the DOJ is going after Apple because of this. If Apple loses it will set back innovation into the stone ages.
Justice Department sues Apple, alleging it illegally monopolized the smartphone market
The Justice Department on Thursday announced a sweeping antitrust lawsuit against Apple, accusing the tech giant of engineering an illegal monopoly in smartphones that boxes out competitors, stifles innovation and keeps prices artificially high. The lawsuit, filed in federal court in New...
Windergawx
Member
Loaded up on apple calls 2 weeks out this morning when they ripped below yesterdays low
Windergawx
Member
LAC sure did go! BNKD bear bank reentered the trendlines could be a nice pop
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NCSNOW
Member
Getcha some of that DJT. To the moon!
I bought a $70 call at the close lol. Should gap it back up at the open before I bail out
One of my top 3 overnight plays. I should have went all in. 
Options are crazy expensive over at DJT. I would buy a $60 put exp tomorrow if they weren’t $3.50 
Windergawx
Member
i was happy about pulling a quick 1% thats something I really need more knowledge aboutOptions are crazy expensive over at DJT. I would buy a $60 put exp tomorrow if they weren’t $3.50
Windergawx
Member
kinda looks like a inverted head &shoulders on semi's was better seen on soxs filled the move around 70%
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Windergawx
Member
semis had a nice pop this am! assuming that was a inverted head and shoulders..price seemed to reject the fib retraced back for a retest lower a inverted head and shoulders..price seemed to reject the fib retraced back for a retest lowerI've been fairly light past couple of weeks...scalp here or there, probably haven't traded this little since 2022. RSI hit 80 on the SPX weekly chart...it's beyond over extended but doesn't mean it's going sell off either. Just going to patiently wait for a multi-week correction to buy a dip. Q1 was my best Q1 since maybe 2019 and not going to throw that away chasing a market this extended.
To pacify my gambling I've been taking advantage of legalized gambling and March Madness.
To pacify my gambling I've been taking advantage of legalized gambling and March Madness.
For the Qs...this is the 5th week it's rejected $446 and RSI showing neg divergence and a weekly macd cross to the downside could be imminent. Last time we saw this was the July highs last summer and then we got 2-3 month correction. I don't expect a correctly to last that long this spring through.
GeorgiaGirl
Member
Thing that's kinda funny, is what I'm seeing vibe wise just reminds me of...late last summer into October, what's missing is the S&P actually tipping over for now.
There was one week after options expiry that was an exception where it went 4 of 5 on green days recently, but besides that week, the S&P has recently had a 7 of 10 red stretch and pulled only 1 solid green day during last week.
That's all similar to the stuff that was seen during the slow grind down that lasted for three months last year, and yet because the S&P managed to avoid much damage when going 7 out of 10 on red days, cash was at 5280 overnight, which is a record that will need to trade, it just may not be this week, could be month or longer from here.
I'd find it hard to buy a repeat of August-October, but then again, maybe because liquidity is lower now than it was previously (although really at this point, it'd probably be a slow grind down to 4980-5000 somehow instead of a 10% grind down, and that's it, any more than that is probably not a great sign).
Wouldn’t bet on it but I’m always wrong sometimes
