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Misc Stock Market

KyloG said:
I do think this rally can last a while longer...previous oversold rallies were 12/18/13% give or take. I wouldn't be surprised to see this one hit 15-20%. Which would take the Q's up to $315-$320 area.

If we can get a couple of inside days next week I might be more active in swing trading. I am 100% invested in QQQ in my primary long term IRA...I have buys in at $320, $300, $280 and then the last 15% went in at $275. If Q's hits $320 I will probably trim 20-25%.


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It will likely float up through the holiday weekend.
 
Market is on day 5 of 6 of operation gap up...I guess we gap up until the end of time.
 
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PPT to the rescue


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Did nothing today...waiting on one more down day. Ideally would love to see NQ back test $11700 and bounce.

Usually takes multiple attempts to break a long trendline like that.

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Geez...houses in my neighborhood are still selling fast. A house that was purchased for $600k in 2017 was listed for $1m on Friday and was under contract by Monday. This house is much bigger than mine, I don't own a $1m house.

 
Why I haven't done anything in a few days...total guessing game. NVDA with a nice bear flag.

I may try a few dip buys early afternoon.

Semi's have been so weak, they were last to rally week and first to sell off hard today. Tough to be bullish but also tough to short here either.

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NQ...if $11700 breaks than we in trouble. I like a bounce in the box below.

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In no rush to try anything....but Q's rejected at the 8wema...again.

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I got bids in for Q's at $285.50 down to $285. This looks really bad obviously...but I am such a sucker.

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10 point Qqq move from 295 to 285 in under an hour and a half GDP on deck tomorrow .... 275 coming Friday ?


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It's amazing how we continually get rejected off the .618 fib retracement and I don't short.

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KyloG said:
I got bids in for Q's at $285.50 down to $285. This looks really bad obviously...but I am such a sucker.

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Dip bought some Q's with $285.20 avg. Let's see if we can rally back up to $288 or something. Stop just below $285...fairly small risk bounce play.
 
KyloG said:
Dip bought some Q's with $285.20 avg. Let's see if we can rally back up to $288 or something. Stop just below $285...fairly small risk bounce play.
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Stopped out...I suck. Just watching carnage.

It's actually amazing that SPY is only down 20% from it's highs.... feels like a lot more.

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NQ....this area is such a choppy range and its going to be very tough to do anything in. I am solidly down in June, it hasn't been a good month, been stubborn and paid the price.

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KyloG said:
No sugar coating these numbers....worse than ugly. So I guess we rally up 2-3% because no way Fed is going to be hike rates much longer.

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Looking at these numbers...stagflation. How is the market not down more...it's trying to go green. Maybe all this bad news is priced in....or maybe the market is hoping for a pause in rate hikes.
 
KyloG said:
Looking at these numbers...stagflation. How is the market not down more...it's trying to go green. Maybe all this bad news is priced in....or maybe the market is hoping for a pause in rate hikes.
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If spy hits $400 again I'm immediately buying puts that expire late 2022. I'm convinced this drops below $350 by end of year (probably means we hit $500).
 
Broken024 said:
If spy hits $400 again I'm immediately buying puts that expire late 2022. I'm convinced this drops below $350 by end of year (probably means we hit $500).
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Nobody has experienced what we are about to go through....this isn't dotcom nor the financial crisis. This is legit 70's style stagflation.
 
Here comes the bullwhip. Quad 4 f bucket. buckle up buttercup bc a lot of people are swimming naked and we about to get a good peak at them. Also bc everyone is looking for the washout day, it ain't even close. It is time to shore up your personal finances bc things about to get fugly
 
Very choppy area in NQ...no trades today, just watching. I think I've only tried one trade this week and got stopped out.

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Feel like gambling. Bought a few 376/364 spy spreads for $2.20 that expire Tuesday.
 
Chop chop...this area on NQ isn't going to be easy to guess direction. New Q starts tomorrow....Q's have given up almost 2 years worth of gains, down 30% for the year. I guess technically we are in a recession...inflation is god awful....thus we in 70's style stagflation.

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KyloG said:
Chop chop...this area on NQ isn't going to be easy to guess direction. New Q starts tomorrow....Q's have given up almost 2 years worth of gains, down 30% for the year. I guess technically we are in a recession...inflation is god awful....thus we in 70's style stagflation.

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I thought Q2 ends tomorrow


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Geez...instead of shorting shares they are shorting with puts. I see that a lot but not this large.

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This don’t sound promising…seeing Tesla with layoffs, a company that supposedly has unlimited demand from now until the end of the time is very concerning. High growth companies don’t have layoffs like this….well unless demand is evaporating.

 
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