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Misc Stock Market

Well..I was wrong. Qs trying to make new ATH's today. Powerfull move....yesterday had a huge gap down, and pushed further down and then bounced almost 3% since yesterday.

I put some cash to work today, I hate chasing like this but it looks like SPX is going to make new ATH's in the next day or two.

Just look at that chart...violent sell off to start the year and then snap back move higher and every dip was bought the past week...look at the big bottom wicks. So dumb, should have noticed that.

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I don't really trade the airlines but dang...SAVE down 75% in 3 days and now up 80% in 2.

I was watching it yesterday and thought about it but all I am reading is that they might go out of business.

SAVE_2024-01-19_11-44-30.png
 
One of the days/weeks/months China trade might be appetizing. It hasn't done anything for years.

I remember back in early 2021 I met with a financial advisor whose recommendation was to sell tech stocks and buy foreign equities, including China. She was right on tech, somewhat...tech just broke out from it's 2021 ATH but China scares me.

Screen Shot 2024-01-22 at 9.49.40 AM.png
 
KyloG said:
One of the days/weeks/months China trade might be appetizing. It hasn't done anything for years.

I remember back in early 2021 I met with a financial advisor whose recommendation was to sell tech stocks and buy foreign equities, including China. She was right on tech, somewhat...tech just broke out from it's 2021 ATH but China scares me.

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What’s my move today?
 
Broken024 said:
What’s my move today?
Click to expand...
I just took a bunch of profits at SPY $485 and QQQ $424.20. NVDA, the darling of tech, just hit $600/share. It's market cap is $1.5T...if it takes a breather than Qs might. The question is does money rotate into SPY/SPX. I am waiting patiently for a dip.

And...NVDA might just be in a little bit of bubble.
 
Added some back here at mid-point of the gap. I was expecting a break of the gap edge to roughly mid point and then a bounce. If it fills the whole gap then so be it but if it closes below Friday's close that would be curious.

Screen Shot 2024-01-22 at 10.55.58 AM.png
 
DWAC...totally missed this. This is Trumps (Truth) spac and will go public soon. This might get really nuts with him being the R-nom and a great chace to win. There are so many potential possibilities for him to milk the crap out of this and really pump it...legally.

SPAC start out at $10 share price and this already went to $180's way back when...I rode it from $11 to $40 and got out way to early.

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weekly chart

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Alright....bought a 1k shares of DWAC at $37.6ish...stop below $37. It either runs or I lose a little.

Screen Shot 2024-01-22 at 12.41.35 PM.png
 
DWAC behaving nicely...easy dip buy at $41 this morning, nice support at $40. I got out at $45 as I think this consolidates for a day or two. I do have bids placed at $38.50, stop $37.13, in case they try and undercut $40 and clear stops out before it runs again.

I really don't think this rolls over.

Screenshot 2024-01-23 at 10.22.36 AM.png
 
One thing I just realized is DWAC is under SSR now so maybe it doesn't break $40. Dang...I should have held onto half my shares.
 
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