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Misc Stock Market

Not really interested in chasing anything...stupid gap up and then faded hard.

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Sell the news on semiconductors once again at SMH $260 and NVDA in the $150's lol...until that quits, there are going to be questions on if the Nasdaq can continue without a further move lower.

JOLTS were also really warm it looks like.
 
Sell the news on semiconductors once again at SMH $260 and NVDA in the $150's lol...until that quits, there are going to be questions on if the Nasdaq can continue without a further move lower.

JOLTS were also really warm it looks like.
I closed my NVDA swing at $148 on that. Stop hit. This market really sucks…it all mega cap.
 
Just looking at this market...so bad. I have no fomo right now...no desire to shove any money in.
 
See this predatory crap I avoid...they drag it below the mid-morning low and then promptly yank it above. No thanks.

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Terrible...SPY gave up past 2 days of gains. If we get some stupid big gap up tonight...

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Glad I put a stop in today for NVDA...when it gave up $148 I got stopped out...what a brutal daily that is. It's going to take some digest that candle and it will probably be a few weeks/months before $150 is attempted again.

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Would be surprised if this take the next leg lower...it hasn't been able to hold its ema's....they trying to buy the dip today though.


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Lmao qqq went to 510 and jumped to 517 within an hour. Fed Minutes released in 30 minutes i think 520 plus close for today
 
I took some SPY when they undercut the mid-morning low...fairly typical. And I just sold at the high of the day and you see that they pushed through. I have no fomo in this market...still terrible.

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Just the beginning…important levels breached today. Need a close below. Need to see a 10-12% correction before I consider buying again

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Glad I put a stop in today for NVDA...when it gave up $148 I got stopped out...what a brutal daily that is. It's going to take some digest that candle and it will probably be a few weeks/months before $150 is attempted again.

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I swung NVDA from 128 to 148. Now it’s back to 130. Really think market pushes lower over next few week and will look at NVDA again if it can touch 118-120. A 10-12% correction is coming in SPY. About half way there.
 
The SPY below its 20wema…it’s held that for 18 months.

Rounded top…sure looks like a topping pattern…like fall 2023.
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I did try some SPy at 576, intraday double bottom maybe. It’s well extended from its 8/20demas. Needs a relief bounce.

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Tough for SPY to go green when the mag7 getting hit. And they have to ways to pull back. Going to be a lot tax selling next 2 months.

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SPX oscillator is at neutral with SPY continuing to make new lows...speaks to tech weighing everything. That mess has to be cleaned up before indexes push back to ATH's. This is techinally some bullish divergence...I still holding some SPY at 576 from yesterday and added a little more today on the gap fill push lower. I don't think Q1 lows are in but this might be a few day reprieve.

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"gap up then tank"

"gap up then tank"

"gap up then tank"

Is just deeply toxic stuff with NVDA and semiconductors.

It's as if they're searching for a reason to flush the stock and if and when it comes, it likely exposes how overowned the company is at the moment.
 
Market is total crap...

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What brutal price action....they flushed things hard into close...NQ was down over 1% just after close now a 1.2% gap up today...that's a 2.2% reversal over night. I'm not chasing anything here but can't deny this is bullish and what we saw all last year...bearish closes, hard gap ups and fast moves.

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My mild take is that part of Friday probably was your “Inauguration Day” move, but I’ve been subtly hinting anyhow.

Only reason this isn’t a hot take is because I know we paused for a lot of last January and then continued.
 
Seems like 6100 test coming for ES this week...I'm very light so will see how market reacts then. I don't think in any way is the tax selling done...but they got until March'ish to do that.

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