Misc Stock Market

[Rain Cold]

Straight up into the close. Typical Friday afternoon burn

Oh well.

 

[Jimmy Hypocracy]

 

[KyloG]

Still not trading very much...big gap up after a very bearish week. We gapped up into a big gap, gaps everywhere.

 

[KyloG]

SPY did back test the previous trendline resistance...so it bounced hard from where it needed to.

 

[severestorm]

Pending home sales spiked 8% MOM form 1.1% in December. Inflation's not over by a long shot.

 

[Arcc]

Pending home sales spiked 8% MOM form 1.1% in December. Inflation's not over by a long shot.

Seeing the same here. People ordering water taps and the talk of big projects heating back up.

 

[Bham 99]

Pending home sales spiked 8% MOM form 1.1% in December. Inflation's not over by a long shot.

It's getting that time of year. The spring is the best time for selling your house traditionally.

 

[TileDude]

My son is a young attorney at a small firm that frequently does real estate closings. They had five closings last Friday, the most in one day since early last summer.

 

[Jimmy Hypocracy]

My son is a young attorney at a small firm that frequently does real estate closings. They had five closings last Friday, the most in one day since early last summer.

Somebody has to buy the top

 

[KyloG]

Consumer confidence came in lower, PMI worse, inflation numbers have been much worse so far in 2023. Market hanging in there...NVDA/TSLA the king of the retail meme stocks are both up 80%/100% respectively. Not sure what, if anything, will push this market back to the lows. Q's still up 12% on the year.

I don't have much confidence in market going higher and hard to short in this market. Sitting on my hands for now.

 

[KyloG]

SPX diamond pattern formation... usually precedes huge moves. It's really hard to be bullish right now but market isn't falling, next CPI release is 3/14 so maybe very choppy couple of weeks.

 

[KyloG]

AMD still my largest holding in my IRA. Looking good.

I did buy some Q's this morning on the gap fill at $292.30.

 

[severestorm]

 

[KyloG]

Added a few calls for next week. I am a sucker for a tight falling wedge.

 

[No snow for you]

nothing like the old Thursday Pump to get a Friday Dump

 

[KyloG]

Added a few calls for next week. I am a sucker for a tight falling wedge.

View attachment 133847

Nice falling wedge breakout...these can be powerful. Trimmed 1/2 my options...got a couple of other longs on. First few trades in a couple of weeks.

 

[severestorm]

Amazon pauses construction of second headquarters in Virginia

Amazon is pausing construction of parts of its second headquarters, dubbed HQ2, in Virginia, the company confirmed.

www.cnbc.com

 

[Broken024]

Added a few calls for next week. I am a sucker for a tight falling wedge.

View attachment 133847

From now on I will just blindly follow what ever you do. Please post every move you make. The tendies will be sweet

 

[KyloG]

From now on I will just blindly follow what ever you do. Please post every move you make. The tendies will be sweet

Haha...i miss alot too.

But, this pattern looks good it's just the macro news has really sucked lately so it was looking for anything to rally and I think Bostic came out talking about pausing this summer yesterday and that's all it needed. Sure looks like Q's $310 is coming next couple of weeks.

 

[Broken024]

Haha...i miss alot too.

But, this pattern looks good it's just the macro news has really sucked lately so it was looking for anything to rally and I think Bostic came out talking about pausing this summer yesterday and that's all it needed. Sure looks like Q's $310 is coming next couple of weeks.

View attachment 133944

I'm taking this as financial advice and going all in. If it fails I trust you will take in my wife and kids as your own.