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Misc Stock Market

Yeah, I got today wrong, ha.

I'm really not sure anything is going to stop the low vol, summer esque upward drift until we get closer to election season. It'd have to be something significant macro wise if treasury rates are going to stay out of the way.

Folks who were trying to say that the AI bubble had popped on a not even 10% drop on the Nasdaq are looking mighty foolish.
 
I add some more back to AMD this morning at $156. I had sold some above $200 back in early March and added some a few weeks ago and now more today. Chart looks amazing...I will set a stop for these shares I added in the $155-$156 at $148 but will hold the rest no matter what.

Inverse head and houlders...and trendline resistance breached. Many tech names look like this.

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AMD ripping...biggest position in my long term account. Might trim a few at $200 again down the road.

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One of the days/weeks/months China trade might be appetizing. It hasn't done anything for years.

I remember back in early 2021 I met with a financial advisor whose recommendation was to sell tech stocks and buy foreign equities, including China. She was right on tech, somewhat...tech just broke out from it's 2021 ATH but China scares me.

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Since this post..China (HSI) up 30%. Geez I suck.

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Day 11 up in a row for the SPY...obviously not the norm but nobody selling and just closed at ATH's.

I'm still long but I've trimmed a lot into the close yesterday and in the past 30 mins. Will wait for any kind of dip to add back.

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Day 11 up in a row for the SPY...obviously not the norm but nobody selling and just closed at ATH's.

I'm still long but I've trimmed a lot into the close yesterday and in the past 30 mins. Will wait for any kind of dip to add back.

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Glad I lightened up when I did...I am about 70% cash. Hopefully we can get some consolidation here, test the 8/20dema's would be ideal. After a few days maybe SPY tests $520-$523 area.

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Stopped out of the rest...bleh. Done with the meme stocks.

Glad I got stopped out yesterday...I rarely trade these meme stocks and for good reason. AMC with multiple offerings this week and now GME. The diamond hands got got.

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Trying COIN at $201.30. I like this chart. I might be a little early on this but going to give it some room. Stop at $193.90.

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Trying COIN at $201.30. I like this chart. I might be a little early on this but going to give it some room. Stop at $193.90.

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Zooming out on COIN...the weekly chart is amazing. Textbook cup and handle and with a strength of crypto right now you would think ATH's is coming. I have a big position at $201'ish.

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Added back some Qs at $450 (TQQQ 62.30)...had trimmed quite a bit on Wed close and yesterday morning.
 
Not sure what to think of Tesla. Earnings were so bad and guidance was blah and I don't think it gets better for them in the near term.

Market at ATH's and this is floundering around.

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Trying COIN at $201.30. I like this chart. I might be a little early on this but going to give it some room. Stop at $193.90.

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COIN almost $216. I trimmed a few here at $215.50. I had way to much of this.

I probably shouldn't have sold any...should be adding on the inevitable breakout but let's see what happens.

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SHOP starting to look interesting for a potential gap fill. No position yet...but will probably take one next day or two

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I already own AMD...have for years. But I like ARM too...had great earnings but reaction was blah.

Kind a looks like a bear flag but it's also holding it's ema's. I may add a few soon. NVDA earnings in a couple of days and that will dictate everything.

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I swore off GME…until late today. Added some shares at $20.10. I’m such a sucker.
 

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This guy has been mostly right about the market over the past few years…he’s calling for a major top and crash.

 
Started position in SHOP right at open...$58.30. I will add more in the coming days...I might be early on this one.

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I swore off GME…until late today. Added some shares at $20.10. I’m such a sucker.
Still holding this crap...it hit high $23's after hours last night and I should have sold. $19.70 is my stop...going to just leave these and take a small loss worst case.
 
As for the market the oscillator dropping to near neutral'ish. I would like a solid red day to freshen things up but not sure we get that.

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I closed out COIN just now at $233.80. I would think $235-$236 would be solid resistance but even so, it's moved $32 in 2 trading days and thats enough for me.

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Glad I sold COIN in the $233's....I might add some shares back at $217'ish later today or next day or two. It needs a couple of days of rest.

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Snowflake really has a nice looking chart going into earnings tomorrow. These SAAS names carry heavy premiums with their valuations but this name should be a big name in AI for years to come. I might take a few shares into earnings, small position, and then hope for a big selloff right at announcement and then buy that dip hard. These names are so tricky though.

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Snowflake really has a nice looking chart going into earnings tomorrow. These SAAS names carry heavy premiums with their valuations but this name should be a big name in AI for years to come. I might take a few shares into earnings, small position, and then hope for a big selloff right at announcement and then buy that dip hard. These names are so tricky though.

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Talked myself into adding a few shares at $163.40. Right at a large volume shelf...would think for this tank after earnings it would need to be a breakdown of business fundamentals. Still hoping for a quick drop at earnings annoucement that I can add more.

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Not sure what to think of Tesla. Earnings were so bad and guidance was blah and I don't think it gets better for them in the near term.

Market at ATH's and this is floundering around.

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Big move since this...was staring right at this but dang it's earnings were so bad and it's valuation is still pricey. But big move from $175 to $186, looks strong and probably headed to mid $190's.

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The VIX is at 5 year lows...no fear in this market. 12 is a big level...if NVDA cooperates it could be headed to 9

Monthly chart

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Puts on spy $500 9/20 talk me out of it
 
Started position in SHOP right at open...$58.30. I will add more in the coming days...I might be early on this one.

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I didn't add more yesterday at close but should have. This has been a similar pattern the past couple of weeks....a bearish day then a sharp reversal higher. HOOD/COIN/ARM all did this before they ran.

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Snowflake really has a nice looking chart going into earnings tomorrow. These SAAS names carry heavy premiums with their valuations but this name should be a big name in AI for years to come. I might take a few shares into earnings, small position, and then hope for a big selloff right at announcement and then buy that dip hard. These names are so tricky though.

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I added some SNOW in pre-market. I really like this chart...but earnings after close is very risky.

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I closed out COIN just now at $233.80. I would think $235-$236 would be solid resistance but even so, it's moved $32 in 2 trading days and thats enough for me.

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Added back COIN today at $225'ish. Glad I did...it's ripping hard.

Over $237 is a big level.

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Snowflake really has a nice looking chart going into earnings tomorrow. These SAAS names carry heavy premiums with their valuations but this name should be a big name in AI for years to come. I might take a few shares into earnings, small position, and then hope for a big selloff right at announcement and then buy that dip hard. These names are so tricky though.

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Stopped out of this garbage...I should have sold last night when this was in the 170's. These SAAS names are such hot garbage.

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