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Misc Stock Market

ES rejected $4380 again...4th day in a row. Like I said above...I am hoping for a down open, or dip at open down to $434-$435 and I am going to swing everything I got long.

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$SNOW the epitome of overvalued in this ridiculous market getting hammered after hours. Almost $90B market before close, reported $380m in quarterly rev with $133m loss. $90B market cap...what in the actual heck is going on.

I don't think some bulls know how to spell valuation....

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KyloG said:
$SNOW the epitome of overvalued in this ridiculous market getting hammered after hours. Almost $90B market before close, reported $380m in quarterly rev with $133m loss. $90B market cap...what in the actual heck is going on.

I don't think some bulls know how to spell valuation....

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I remember when that one came out a year or two ago. Overvalued out the gate
 
Tech getting super tight...it backtested $13900 area multiple times this week...things get weird if it can clear that trendline with power.

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Still holding TSLA calls, $900's at just under $5. If this can clear $880 with volume it opens up $950.

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SPY reclaimed the 8/20/200 dema...

VIX is fighting $30...need it to stay below to really rally.

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I'd be inclined to say that the Nasdaq shouldn't have jumped 220 points yesterday at all to be honest (240ish for NQ). Because while it has had its moments where its shrugged about movement by ARKK (or small and mid-cap growth tech in general), since it threw away that +1% on the day that Powell was renominated in November, it has had a much harder time of doing so most of the time.

Only thing here would be that NYSE breadth was so good (3 to 1 advancing to declining) that it may have just been an ARKK thing (and at some point, there is going to be no interest here anymore about its movements, we just haven't gotten there yet).
 
FTSE on dead lows...that's not helping. Need them to ring the bell so we can rally.

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Bull trap...or just needs another run at it...

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This market is so so tough...

Great day yesterday, follow through and break above $4380...but than violent reversal. I have no clue what is going on but I am pulling my hair out.

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Thought my Amazon puts would expire worthless this week but thanks to the first two hours I was able to dump them up $1900 . Gonna by more for April next week . Still think it's headed back to 2800 before it sniffs 3200


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KyloG said:
Isn’t that his job? ?‍♂️

What a complete and utter failure by the Fed.

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Everything they say is the exact opposite of the truth. Their only job is to pump stocks, disseminate insider info, and line the pockets of their cronies. You think for one second they are going to do anything to fight inflation if stocks start catering? Not a chance. We regular people are on our own. All of the meetings, minutes, and testimony is 100% a dog and pony show.
 
Back in long Amazon 3/11 . 28 3005/3010 spreads . I'm sure this will end in a disaster lol


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From reddit:

There's some manipulation going on in the US. I say manipulation but I dont really know what it is: I invest mainly in EU stocks and this morning they were doing fine (around -1%/+1%, nothing massive). As soon as the US market opened all of them, whitout exception, started collapsing. Only red candles for 1 hour! Some of them went -5%, most of them about -3%. The exact same thing happened yesterday! So either US retail are scared and dumping everything they own or banks are playing some game with EU stocks!

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