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Misc Stock Market

April is historically the 2nd best month for the SPX...would love to see a hard sell off the first 2 weeks of April followed by a strong rally to close the month. It's a new Q too so thought we would see new flows but so far it's back to back hard gap downs.

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weak ISM and the market exploded higher...bad news is good news....good news is good news....any news is good news
 
KyloG said:
Are we finally going to see a multi week correction. We’ve thought this before but haven’t been able to get follow thru. Let’s see if tomorrow sees follow thru.
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And we got no follow through down today. That's happened over and over the past 5-6 months. Market just unstoppable.
 
price action gross...2 big rug pulls today only to violently bounce them higher...still just watching

I don't know how anyone can be short this market

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KyloG said:
price action gross...2 big rug pulls today only to violently bounce them higher...still just watching

I don't know how anyone can be short this market

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I’ve been trading a lot of Tesla lately. I like to watch that one move and I’m starting to get a pretty good feel for it
 
Jimmy Hypocracy said:
Might try to gap’n go it again tomorrow
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Brutal price action...they rug pulled things hard late in the day...in fact SPX was a round trip and then they gap it up hard overnight.

I'm still not doing a whole lot...I guess if it closes at new ATH's I have to put money to work. It seems like this market will never see another correction ever in our lifetimes.

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Anyone who signed up to be a GOLD digger (invest) past couple years is loving life.

Sidenote: Gas up 26 cents over past month.

Gross US Debt now accounts for 245,000 per us household. Imagine if every household represented on here and all throughout Harlem, ten buck two usa would just hand the feds$ 245,000. We would wipe the ole debt out. Amazing watching US economy that was over 70% driven by consumer spending , now getting replaced by govt spending as the main driver.
 
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$524 been a brick wall for the SPY...let's see if it has enough momemtum to push through. I really don't want to put money to work today but if it closes over $524 I probably will.

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Huge engulfing bearish daily...will SPX close below it's 20dema...which it hasn't been able to do in 6 months. These huge bearish dailys have been followed up by huge gaps ups in the past. I have no faith we see any sort of follow through down tomorrow. I am probably buying the close...maybe

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I've been 80% cash for a couple weeks now but now 100% cash when 5180 got taken out. Brutal past couple of days....rug pull late yesterday and then they gap it up almost 1% today and then another rug pull and market is in in free fall. I don't know whether to buy or run and hide. If this doesn't start a multi-week correction then I give up.
 
Bnkd looking nice on the break
 

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TSLA down sharply on the news it's not going to come out with a "cheap" EV instead focus on developing robo taxis.

It's going to take a lot for me to get into a car without a human driver.

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Nice rally today, but in this case, the jury is going to be out for longer than today, since the uptrend was broken, and volatility is a bit jumpy.

It'd be a different story had we closed on session lows on Tuesday instead and had the +1% day the next day, or what was pulled in early March with a two-day rally.

If nothing special occurs in geopolitics land this weekend and core inflation isn't surprising, then vol probably gets crushed a bit.
 
KyloG said:
TSLA down sharply on the news it's not going to come out with a "cheap" EV instead focus on developing robo taxis.

It's going to take a lot for me to get into a car without a human driver.

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Agreed. I’m not gonna ride in something that can get hacked and hold me inside until I pay a ransom.
 
Another bearish engulfing candle which usually means by the dip. I still haven't done anything...been almost all cash for a couple of weeks now and market just won't go down.

Looks like NVDA could rollover here....or is it buy the dip...

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I put some cash to work this morning. This market has had plenty of opportunities to break down and hasn’t. I may regret not being more patient but Qs was about 3% off highs so maybe that’s all we get. 🤷‍♂️
 
KyloG said:
I put some cash to work this morning. This market has had plenty of opportunities to break down and hasn’t. I may regret not being more patient but Qs was about 3% off highs so maybe that’s all we get. 🤷‍♂️
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Needless to say I went back to all cash real quickly, lost a few $ but not a biggie. Should have been more patient. This market desperately needs a prolonged correction but the dip buyers are relentless so we will see.
 
Qs 8dema crossing below the 20dema...that has been typically bearish for obvious reasons...but these dip buyers are relentless.

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KyloG said:
Qs 8dema crossing below the 20dema...that has been typically bearish for obvious reasons...but these dip buyers are relentless.

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Earnings season coming up in a couple weeks for a lot of chip/AI themed stocks. I imagine the dip this week and maybe into next week is to load up on stuff before earnings start rolling in again.

One of my favorite AI/chip type plays is CLS, I’ve had it since $34 and started watching it around $23. Still undervalued imo with a forward PE of 16. Also ASPI is a speculative uranium play of mine that’s done really well recently. APP and VRT are two others I really like that I have in my portfolio.
 
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