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Misc Stock Market

Still can't get over VIX action yesterday...it popped almost 25% in a couple of hours which flushed many names, cleared stops out and then the vix rolled over hard into close.


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I hate this price action...they gapped it down hard yesterday, flushed it hard mid-afternoon and then ran it up into the close and then gapped it up into the prior gap down.

I don't know what to do here...I am not chasing but I don't know if the Q's is going to close the week at $440 or $420.

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LYFT has done nothing for a year and now up 40% on the day. Shorts are getting bent over.

I applaud anyone holding this over the past year....not for me.

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Nobody owns SMCI? Maybe we are in a bubble 😂

Shorts are pulling there hair out...trapped and can't leave it along. RSI almost a 100

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This is a total clown show past few days...when it gets like this you just stay out of the way. My plan this week was to not do much and this is why.

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I did add a healthy amount of SPY back at $494.60 on the gap fill. Clear stop set at that pivot...but I kind of expect them to undercut that again and then rip it higher there after. But today I will be watching for that.

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KyloG said:
I did add a healthy amount of SPY back at $494.60 on the gap fill. Clear stop set at that pivot...but I kind of expect them to undercut that again and then rip it higher there after. But today I will be watching for that.

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Market is insane...I added big earlier at $494.60 and added more on the breakout. I was 90% cash coming into today and now I am 20% cash.

I need to get it out of my head the market is going to have a multi-week correction...it's just not.

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NIO looking better...basing now between 5.30-6.30...a close over $6.30 and it could go.

TSLA chart looks similar.

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SPY with almost a perfect gap fill...still long from yesterday and added a little on that gap fill.

monthly opex tomorrow...keep thinking they are going to pin SPX at 5k so might be fairly quiet today/tomorrow.

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TSLA looks amazing...

QQQ/SPY right at ATH's but Apple and TSLA are nowhere near ATH's...bull market doesn't need everyone it seems. I think those 2 play catch up.

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Apple really lagging the Qs and SPY. Been trading in this channel for 10 months...either it starts playing catch up to the upside or SPY/Qs start playing catch up to the downside. My guess is Apple starts moving soon...couple of days...couple of weeks...it's a guess.

weekly chart

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@KyloG ......looking for NIO to rip in the first 30 minutes of trading like it has 3 of the last 4 days this week (minus CPI day Tuesday). I have swung this each day this week and have made a killing. I plan to be out by 10am at the latest.

GT was way oversold like I said a few days ago.....its already making a run back.

Apple is due for a breakout of 10% or better....it has to catch up.
 
Inflation numbers were god awful this week...I lightened up quite a bit just now. Seasonality suggest we see a sharp pullback but...this market has a mind of it's own. Holiday Monday...not going to do much today and sit back and wait.
 
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