Misc Stock Market

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Perfect tag of trendline resistance on the Q's. That's a 5-6% move in just over 2 trading days. I closed all my swing longs, including my SPY calls. Flat for now and will watch. This is day 3 up in the markets...wouldn't surprise me if market going higher but I'm not chasing.

Yields have all turned positive too.

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Trendline was a hard rejection. Megaphone patterns is so tricky. Gap fill to $299-$300 would be a target for me to hop back in....otherwise not chasing even here.

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Yikes...glad I got out this morning. Faily ugly daily...would like to see a down open tomorrow...$299 level is a level I might buy back in at.

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KyloG said:
10yr with a big bottom candle...tough to get equities to rally when yields are moving like this.

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looks like it's going to go up

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KyloG said:
I guess we shouldn't be surprised...demand had fallen off, prices dropped rapidly so people that were waiting hopped in...like me. I expect prices to continue to fall over the coming months.
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Demand hasn't fallen lately. It's increased. labor differential's increasing again. This isn't good for FED rate outlooks.

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severestorm said:
Demand hasn't fallen lately. It's increased. labor differential's increasing again. This isn't good for FED rate outlooks.

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Many retired after the historic bull market run since 2009/10, millenials/gen z'ers aren't filling those jobs. They can't really control that unless they drive our country into a depression.

I have a niece and a nephew that graduated from great colleges with great high paying degrees and both wanted to take a year off before looking for a real job. They are both slinging coffee and just coasting by...the mindset of these groups is so different. Both could be making well over 6 figures...they just don't care.
 
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KyloG said:
Many retired after the historic bull market run since 2009/10, millenials/gen z'ers aren't filling those jobs. They can't really control that unless they drive our country into a depression.

I have a niece and a nephew that graduated from great colleges with great high paying degrees and both wanted to take a year off before looking for a real job. They are both slinging coffee and just coasting by...the mindset of these groups is so different. Both could be making well over 6 figures...they just don't care.
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It's really sad because that greenlights so many work visas and when they finally realize what's happening, the jobs will already be offshored to STEM hubs like India. I seen it happen personally.
 
severestorm said:
It's really sad because that greenlights so many work visas and when they finally realize what's happening, the jobs will already be offshored to STEM hubs like India. I seen it happen personally.
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Tech tried that 15+ years ago and it didn't work. What happened was they would train up engineering in India, pay them pennies, then the engineers would quit for a higher paying job.
 
2 trades today...$TSLA at $186.20...was easy support to buy. Trimmed alot into $191 and now added back some past hour. Stop raised to $188.44.

Also, Q's at 297.7, stop LOD.

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Waiting for this to resolve, not chasing here...market is in total screw everyone mode. Really looked like it was about rollover this morning and they bid it back up.

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$NVDA.- everyone is watching this to rollover...it's valuation is very high, 20x sales, $600B market cap with several quarters in a row now of declining revenue. It makes no sense for it to be trading this high, I don't get it. But, so many shorts are in it and they won't let it roll.

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NVDA is now an AI stock. At least their CEO, which is very good at marketing their stock, pivots faster into different areas than any other CEO I have seen. BTW i'm not buying the hype either
 
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