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Misc Stock Market

Yeah I had decided to calmly step aside to have lunch and enjoy some South Park clips to get myself ready for tonight's special, then I come back and while I was looking at something else, I discovered that GME was actually red on the same page and had freakin' tanked.
 
haha ------- game stop, drops 150 in 30 minutes and goes back up 100 in the next 30 minutes. completely normal, nothing to see here.
 
The Dow is up 5.7% or so since what turned out to be an emotional low on Thursday last week (because bond and tech traders both threw a hissy fit about what Powell said, although it also might have triggered rebalancing) where it was in the 30.5k range....

Thanks for playing! (absolutely absurd)
 
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Gonna be a good day for tech. Nasdaq up ~2% pre-market! Glad I got some tech after that silly dump. A full rotation to value doesn’t make sense...seems Cathie was right, it’s a broadening market which fuels the overall bull market.
 
I'm gonna go on record and try again here... This Dow move seems like it's just about played out. It's very possible that it just continues but it has to cool off some, doesn't it?

Either tech is going to move higher here or you could see a broad correction. I think it's possible you have a 3rd answer though, and that is after a good Monday, choppiness to mess with everybody because it's OPEX.
 
It may not score a close here but I called QQQ moving to 315-318 this week. I had my doubts on Monday afternoon but this index was just too oversold!

Don't short the hole ended up standing here, and I wonder how many people this index trapped with shorts and puts on that dump into the Monday close...
 
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OTC update:
Much quieter week is appreciated.
AWGI-moving nicely today. Was able to ride this from .005 to .010 twice now but I'm holding this time, seems to be gaining steam this time.
PVDG-been a nice bounce from .03 last week to .08, the rumor is somebody is filling a large order(MM jane) and once that is complete and news drops will most likely roll over a dime.
Overall was able to get out of a few others for reasonable profits this week, so more money on the sidelines for the next dip.
 
Should be another nice MVIS day after the shareholder call last night, I sat in on it...lots of hype and excitement. Reading between the lines a bit but my personal plan has not changed. I have a few months left of holding my position, if no sale by then I'll probably be exiting as revenue will be slow to come by.
 
Even if it doesn't end higher, the Dow at the very least had 5 straight days with a new intraday record high, haha sure.

I can't believe that measured move that I saw last Sunday actually came true. This index broke out of the consolidation that it had been in since early February this week. I still think this move has just about played out, but it's really been something (it has been on absolute fire since it poked under 30k in late January).
 
Boeing has been very hot, which is playing a major role for sure, but the Dow is up...what...nearly 7.5% since that emotional bottom on Thursday last week intraday? 6 straight positive days?

For an index this big...my word what a run and honestly it's getting boring too haha.

I think the S&P is up about 5% itself (Nasdaq is up too, but it's not as impressive).
 
I'm guessing that tomorrow will be higher and then they'll probably spend the rest of the week destroying all of the options. Possible the S&P hits 4k, with the VIX being heavy, but since I think they're not going to make the route there easy, the idea of that will be teased and then it'll be a nope this time.

I think QQQ may trade 320 this week, but likely doesn't finish there. I'm not that bullish on the rest of this month, but I'm leaning toward this window of weakness that's coming ultimately not working out to be something further either. Sentiment just isn't ripe for it to become "something further" yet.
 
Nasdaq closed on the highs of the day, took over in the afternoon when it was obvious that energy and banks were going to struggle...
 
Shifted some money into ILUS today, they should be pink current this week and I like the CEO who seems to be on the ball with updating shareholders. PVDG I finally fully sold out of and I plan to allocate the profits into some different stocks like AWGI, ILUS, BCV and maybe if anything else of interest catches my eye.
 
snowlover91 said:
Shifted some money into ILUS today, they should be pink current this week and I like the CEO who seems to be on the ball with updating shareholders. PVDG I finally fully sold out of and I plan to allocate the profits into some different stocks like AWGI, ILUS, BCV and maybe if anything else of interest catches my eye.
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Yeah i will probably exit PVDG as well. Have not liked the tweets and empty promises the past few weeks smells P&D. Did you read up on OCMillionaire and the SEC taking him down for ARCS? He apparently faked the whole thing including buying the old website domain. One I've accumulated a good bit of is KOSK, was able to get in under a Penny a few weeks back, love the SS.
 
There are so many delusional people that long UVXY holy cow.

I wouldn't be surprised if you saw a VIX spike soon (at some point, it likely gets a below $20 close but I'm leaning toward this time not being it) but there were people that were calling for $50 back in February and uhhh...
 
GeorgiaGirl said:
There are so many delusional people that long UVXY holy cow.

I wouldn't be surprised if you saw a VIX spike soon (at some point, it likely gets a below $20 close but I'm leaning toward this time not being it) but there were people that were calling for $50 back in February and uhhh...
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UVXY is a volatility scalping tool. 24 hours is even too long to hold it. Extremely profitable if used correctly as the liquidity is solid over there. You could buy 50 million dollars worth and sell it no problem. Reverse split coming soon though.
 
Thor said:
Yeah i will probably exit PVDG as well. Have not liked the tweets and empty promises the past few weeks smells P&D. Did you read up on OCMillionaire and the SEC taking him down for ARCS? He apparently faked the whole thing including buying the old website domain. One I've accumulated a good bit of is KOSK, was able to get in under a Penny a few weeks back, love the SS.
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Yeah I saw that, and he absolutely deserved getting hammered for what he did with ARCS. I had that one briefly but sold as soon as it seemed “off” and made a small profit. Glad I did too.

Thanks for the tip on KOSK, I’ll take a look there. What’s the play on it?

ILUS with a solid day today, pink current anytime and then let the PR begin!
 
Really surprised about today. I'm guessing that inversing the majority includes me now. Bonds did initially tank after the Fed announcement but unlike what happened almost two weeks ago, tech largely ignored it.

I'm guessing that now that the Dow has tested the 33k range, it's going to have a slight correction now, but in all honesty with how it's going, it likely confirms its breakout from last week in the next couple weeks.

Dana M on Twitter: "$INDU $DIA price target $36K based on breakout of broadening wedge. Weekly chart. Unreal. $BA $CRM $CSCO $GS $HD $MSFT $V https://t.co/KpddJbL0Ew" / Twitter
 
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I don't get the shock at the market moving higher. Central Banks are doing everything they can to keep markets moving higher. And with direct stimulus to individuals, plus trillions more for "other things", it isn't surprising to see equities rise. People are speculating and trading more and more. Bubbles abound everywhere.
 
Rain Cold said:
I don't get the shock at the market moving higher. Central Banks are doing everything they can to keep markets moving higher. And with direct stimulus to individuals, plus trillions more for "other things", it isn't surprising to see equities rise. People are speculating and trading more and more. Bubbles abound everywhere.
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Yep eventually it’ll either crash or they’ll keep printing money to support it. My guess is on printing the money for now.
 
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