Misc Stock Market

[Windergawx]

Not a great CPI print but not terrible. We all know inflation is much worse than we’re led to believe anyway.

they just wait to use it when (bad news) needed

 

[Jimmy Hypocracy]

IWM getting smoked. Guess I should have taken those puts the other day after all?

 

[KyloG]

My plan is to be fairly quiet this week...it's opex week and this week tends to be a pivot for a seasonality pullback. Also, CPI tomorrow, that will be a mover. But, let's see how things look after CPI tomorrow.

Glad I lightened up yesterday....still 70% cash. Will add a little on this huge gap down today.

 

[RoddyPiper]

....but I thought inflation was over???

 

[Jimmy Hypocracy]

Nice recovery from TSLA off those PM lows. I added a few more March calls bc why not

 

[KyloG]

Old rule of thumb is if the chart holds the 30-45min low after a big gap down. I am waiting on 10:30am to see how things look to see if the dip gets bought or any tick up gets sold. But that's a huge gap down.

 

[RoddyPiper]

Old rule of thumb is if the chart holds the 30-45min low after a big gap down. I am waiting on 10:30am to see how things look to see if the dip gets bought or any tick up gets sold. But that's a huge gap down.

View attachment 146381

Yea....the market isn't buying the false prop up of the economy for election timing.....and I am kind of glad.

 

[KyloG]

Yea....the market isn't buying the false prop up of the economy for election timing.....and I am kind of glad.

SPY is bleeding like a stuck pig right now...just waiting and watching. They could really roll things hard if they want.

I'm in no hurry and the plan was this week was for a quiet week on my side.

 

[KyloG]

Textbook island top on the SPX...but everytime we think the market is about to rollover we get a sick rally into close or a huge gap up and go the next day.

 

[KyloG]

Like clockwork...45 min low set and buyers come in. I added SPY at $494, actually XXXX at 32.30, equivalent.

Stop set at LOD. They could really screw with the dip buyers today by taking out that low and then running it higher into close but stop is set so deal with what comes.

 

[Jimmy Hypocracy]

Like clockwork...45 min low set and buyers come in. I added SPY at $494, actually XXXX at 32.30, equivalent.

Stop set at LOD. They could really screw with the dip buyers today by taking out that low and then running it higher into close but stop is set so deal with what comes.

View attachment 146386

Feels like V magic today

 

[KyloG]

Feels like V magic today

I bought a little too much on the lows so I did trim a little here.

 

[Windergawx]

Yea....the market isn't buying the false prop up of the economy for election timing.....and I am kind of glad.

idk retail been buying it all for sometime

 

[Windergawx]

I bought a little too much on the lows so I did trim a little here.

she want to test the 200

 

[RoddyPiper]

idk retail been buying it all for sometime

In sectors.....gotta have certain things to live.....no matter what they cost.

 

[KyloG]

OMG...NVDA is just a beast. Look at that candle and up over 1% now. They have earnings next week...hard to imagine the market rolling over unless NVDA/semi's do.

 

[Windergawx]

going to be a epic ride when semi 's roll

 

[SENC]

....but I thought inflation was over???

It's just getting Started, fer reals..

 

[Windergawx]

H&s possible 15mins dow

 

[SENC]

I smell smoke..
Anyone yell FIRE! yet?