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Misc Stock Market

also bought a bunch of TQQQ this morning at 77.30....I have been rather quiet the past week or so and now just some quick swings.

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CLosed all of this at 78.40...quick $6k. Next week I will buy a sharp pullback intraday for a bounce and scalp...otherwise not doing anything.
 
NVDA rolling over hard....could be a lot of selling to prepare for paying of capital gains. Small CAPs are ripping and at ATH's while Qs is lagging. I didn't do anything today and won't rest of the week. Volume is always really low Thanksgiving week.



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NVDA with a nice gap up to $138 this morning...if this fills the gap then I might swing some shares. The Trump tariff news is what took down tech intraday yesterday...and market absorbed that.
 
The Q's did a great job to fully recover that nasty selloff from this summer, but it definitely looks as if there's nothing left in the tank now.

At this point, the semiconductor underperformance since then makes me think that sell would've stuck and worsened if it didn't come mid year.
 
market call flow is light but it's fairly bullish...will be interesting to see if the 10:30am low holds. That's typically a good spot for bullish days to hold.

I did add some SPYU at 52.10 and NVDA ($136.50)...just for swings...mainly out of boredom.

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Tech is radioactive with Trump coming in. Curious to see how long this lasts...it's still roughly at it's July highs so it's done nothing for months.

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Clear rotation and clear Trump trade...Qs getting rocked in what is typically a bullish day, Wed before Thanksgiving. Next year could be very tricky...

NVDA looks really rough...knived through it's 50dma.

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market call flow is light but it's fairly bullish...will be interesting to see if the 10:30am low holds. That's typically a good spot for bullish days to hold.

I did add some SPYU at 52.10 and NVDA ($136.50)...just for swings...mainly out of boredom.

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Got stopped out of my NVDA for a loss but SPYU still fine...stop set. I am small and these are boredom swings.
 
Smalls have been crushing semis for months, so I'm dubious this is Trump trade related unless you're going to bring up his comments on Taiwan from July where he tag teamed with Biden doing something else to whack semis.

I would add something else that is political (that might come later in the political thread), but I will say what I think I said yesterday and add on.

I have no clue how the Nasdaq managed to get back to an all time high with most semis being very weak. And at this point, it really looks likely that the SMH would be below the swing lows if the Nasdaq hadn't pulled off the above.
 
Tech has been just mess the past 2-3 weeks....huge intraday sharp reversals down and then quick rips higher. I don't like it when the market gets like this and just wait for direction. Problem is you think a 0.5-.70% pullback intraday would be buyable but it's been 1.25-1.50% intraday pullbacks. Just gross...

30 min tech futs chart past 2-3 weeks...just a terrible looking chart.

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SPX/SPY been more reasonable and been mostly what I've been swinging. It looks really good...

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META getting taken to the woodshed after hours...and after looking at the earnings I don't it's down enough. Earnings were so bad and the bar was fairly low. It's trading at a 6 year low.

I look back at this now and think to myself....earnings were so bad but all the market wanted to hear was Zuck was going to have layoffs and thus control costs. A few days after this earnings it hit it's low, roughly, $90....it's now over $600 just 2 years later.

And today it broke out to new ATH's....

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NVDA is floudering around...it's battling it's 8/20dema's which happens to be it's July highs. I can't imagine it not finishing the year above $140, well above....but does it test $130 first.

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SPY up 11 out of 12 days...I am going to be going cash soon. SPY up almost 20% from Aug lows...this getting a little ridiculous. But...I tend to move to cash too soon as the market always wants to grind higher.



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I put some URTY on today...small caps look ready but large cap tech has been dominating everything. I added some SPY this morning too.

Wanting macd to start curling up...really think we see a nice rally for small caps into year end but...so far it's been bleeding the past couple of weeks.

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I put some URTY on today...small caps look ready but large cap tech has been dominating everything. I added some SPY this morning too.

Wanting macd to start curling up...really think we see a nice rally for small caps into year end but...so far it's been bleeding the past couple of weeks.

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If you are in, I’m in. Let’s go.
 
Haha...well I am wrong alot and right now it's mega cap tech going nuts. When that takes a breather...if that takes a breather...then I think small caps take off.
I’m billing you for any losses
 
I’m billing you for any losses
I love this look...I added more URTY on the gap fill this morning. Healthy position now...2hr macd about to cross. But, it's clearly on a downtrend the past 2-3 weeks and until we get an aggressive move through that trendline it might keep grinding lower.

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I love this look...I added more URTY on the gap fill this morning. Healthy position now...2hr macd about to cross. But, it's clearly on a downtrend the past 2-3 weeks and until we get an aggressive move through that trendline it might keep grinding lower.

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Just tell me when to sell
 
Just tell me when to sell
I am drawing a line in the sand today...I have a stop set at today's low and then plan on holding this into the end of the year. I might trim a little into $244 on IWM...but thats several days away...assuming it comes.
 
I am fairly light right now...got a little bit of SPY on and will wait for either this to breakout above 6100 or add dips between 6000-6050.

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Yields are ripping...should be bearish for tech and small caps...the PPI was really bad. But this market is so bullish right now it's hard to keep anything down...with such a big up year in the market most want to sell until Jan-Feb to cover capital gains so not sure how this month will end.

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I didn’t even realize we had a trading sub in here! Microstrategy was just included in the nasdaq 100/QQQ. You’re not bullish enough on Bitcoin. Even the naysayers will be invested in it by proxy even if they don’t realize it 🚀
 
MegaCAP tech out of control....valuations have gotten way ahead of themselves. We are due for a hard correction in tech, probably won't be until end of Jan into Feb though. I am not touching tech until we get a 10% pullback. Will stick with SPY and got my eyes on small caps.

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All this tech action happening with NVDA plummeting...


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