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Misc Stock Market

The Japan/carry trade is sparking a global margin call...NQ has given up almost all of it's 2024 gains in 3 weeks after being up almost 25%.

I've been 90% cash for weeks now but even that 10% I have invested really hurts today.

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I bought TQQQ into $49 at open...my best day of 2024 in just an hour. I sold half of the shares into $52.40 and holding the rest. Stop at today's lows...if they can break todays lows this afternoon we really are screwed.
 
KyloG said:
I bought TQQQ into $49 at open...my best day of 2024 in just an hour. I sold half of the shares into $52.40 and holding the rest. Stop at today's lows...if they can break todays lows this afternoon we really are screwed.
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Everyone getting ------ in the ass today and Kylo having his best day of the year. Classic.
 
Broken024 said:
Everyone getting ------ in the ass today and Kylo having his best day of the year. Classic.
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You could see that bearish engulfing candle in early July then that huge gap down that didn't get bought on July 17th. The market practically smacked everyone in the face to get out. And then it just rejects the 8/20dema on the way down...typical market correction.

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KyloG said:
You could see that bearish engulfing candle in early July then that huge gap down that didn't get bought on July 17th. The market practically smacked everyone in the face to get out. And then it just rejects the 8/20dema on the way down...typical market correction.

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Can you just connect your account to mine so that everything you do happens in my account too?
 
Broken024 said:
Can you just connect your account to mine so that everything you do happens in my account too?
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Haha...well I bought the dip this morning and they could have easily pushed it lower and stopped me out and I would be down nicely. So yeah...this is a scary time to do anything right now. In fact I just closed out the rest of my shares at $53.20. I am not going to carry anything overnight tonight...we could be down 2-3% or up 2-3%...it's a coin flip really. I don't think the market has seen it's lows....we are probably headed for a recession and in 2022 during the bear market the play was to buy dips and trim hard into any strength.
 
Want to see if NVDA can close over $101-102...it couldn't reclaim $117'ish last week and took the next step down. I would think 101-102 gets peppered a lot so we will see.

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KyloG said:
Haha...well I bought the dip this morning and they could have easily pushed it lower and stopped me out and I would be down nicely. So yeah...this is a scary time to do anything right now. In fact I just closed out the rest of my shares at $53.20. I am not going to carry anything overnight tonight...we could be down 2-3% or up 2-3%...it's a coin flip really. I don't think the market has seen its lows....we are probably headed for a recession and in 2022 during the bear market the play was to buy dips and trim hard into any strength.
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You should create your own ETF. I’ll go all in on it.
 
cyclogent said:
Havent had a a major correction with a sustained bear market in 15+ years, we're way overdue.
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Qs was down over 40% in 2022...but yeah, since then the market definitely got ahead of itself. The Qs was up almost 100% since Oct 2022 lows...so in 18 months it doubled. Fairly crazy...

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I put everything on the sidelines a month ago. Im not making anything 401K wise other than me an employer contribution. But Im not bleeding on days like Friday an today. Ill get back in post election,maybe when this all corrects itself
 
The Qs was down almost 17% from highs, including the pre-market lows. At $420 it was only 3% up for the year at that point...it was up over 20% on the year just over 3 weeks ago.

In 2022 bear market the play was to buy these dips and sell into the 8dema....that worked most of the year. I guess that's the play...and don't chase gap ups.



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Bought the gap fill today on the Q's...was worried we would wake up to a 2% gap up which would have sucked. A bunch of TQQQ at 53 low....the fact they filled the gap and then it took off gives a little more confidence. This ain't the prettiest chart but a move into the 8/20dema makes sense and then we see.

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KyloG said:
Bought the gap fill today on the Q's...was worried we would wake up to a 2% gap up which would have sucked. A bunch of TQQQ at 53 low....the fact they filled the gap and then it took off gives a little more confidence. This ain't the prettiest chart but a move into the 8/20dema makes sense and then we see.

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Trimmed most into the gap fill at 446 and stopped out of the rest when 442 broke. Market looking rough...when things are bearish you buy dips and sell into rips and then get out of the way.

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Bought a bunch of puts on Cisco. Hoping it pulls an Intel. AI being used in their statements cant save everybody.
 
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