JHS
Member
The stock market may love it, but for 99% of the country the BBB is awful.
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Misc Stock Market
- Thread starter ForsythSnow
- Start date
Apple now back up to $210, which is nearly 8% above its price of 2 weeks ago after having gone so long with underperforming the Nasdaq.
Sold 1/2 of my Apple here into $213. I had way too much from $200...I was actually buying AAPU at $21 and sold at $23.50. Will let the rest work...
Apple rejected at $213...I do think it gets over but I am going to wait on adding here, still half my position on.
Apple with a powerful weekly setting up...trying to reclaim all of it's weekly emas which it hasn't done in 4 months. That 213-214 level would be big level to power through.
Also with a weekly macd cross, which is really nice. It had one in May 2024 and see what resulted.
If it pushes through will wait for an inevitable back test of $213'ish to add some back on. Still have half my shares from $200.
JHS
Member
It looks like the BBB may be going down. It's time to exit the market before we default.
Apple legit….still long but haven’t added. Will be looking to add next couple of weeks. Weekly with a sharp macd flip. Powerful weekly candle reclaiming all emas.
Tricky part it market is very extended.
This market just looks amazingly strong. I came in this year bearish and I missed most of the Feb/March fall into bear market territory but I missed some of the ramp back up. But all in all it's been a great year. I've been back in bull bias mode for weeks now and everything is working.
These big V rally recoverys whether they take 18 months or a few weeks tend to be very strong. Hoping we get a back test of $610-612'ish in mid-July but we shall see.
I do expect a typical seasonal correction starting anywhere from mid/end Aug-Oct.
These big V rally recoverys whether they take 18 months or a few weeks tend to be very strong. Hoping we get a back test of $610-612'ish in mid-July but we shall see.
I do expect a typical seasonal correction starting anywhere from mid/end Aug-Oct.
Per Bessent, about 100 countries have not contacted the US.
Apple right into 213-214. Will see how this level responds. Its rejected this price several times the past few months. If it closes over 214 I will add shares for gap fill to 224 but if it pulls back then looking for 208-209. Still have half my shares on from 200.
This isn't a buy the dip candle on Apple...just vomitted today with more tariff news and Tesla weighing everything down. It's about to engulf the past 2 green candles. Still holding half my shares from $200 so will see how tomorrow responds...I am not going to watch it back up to $200 again. But I don't want to just exit after one red day.
I haven't done anything today, just letting a few longs rot...everything so heavy from the open.
I haven't done anything today, just letting a few longs rot...everything so heavy from the open.
My plan was to add between 208-209 and got that today and I didn't add. But, this is a bearish candle those emas look tight. Let's see...still holding.
New trade deal or tariff letters.
Something else to be aware of is PMI inflation is still very high. Much higher than our overseas counterparts. Their inflation is lower than ours all the while they have lower interest rates. Ours is entirely tariff driven at this time. This PMI rise should be hitting CPI indices now through the end of the year.
Shaggy
Member
Wilmington is seeing far less cargo ships as well.
I did add back some Apple shares at $208 mid today. Right at it's 8dema. I will hold the shares as long as it stays close above 8/20dema. It probably needs a few more days to consolidate 208-212.
Started a position in INTC today....it's been banging on those 8/20demas and then boom'd today. I haven't traded INTC in so long I can't even remember. They have a new CEO...INTC foundry could be huge and it's only a $100B market cap with $55B in annual revenue. Any return to growth this stock will double easy but that's a big IF...they got a lot of problems but a lot of potential.
Regardless, I see it is up slightly along with Nasdaq.
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*Tim Apple.
After opening up slightly with Nasdaq, Apple is now down very slightly vs a nice Nasdaq gain. So, it is lagging today’s Nasdaq by ~1%.
I closed it when it made new lows on the week...momemtum lost and. Sold at $208...not going to fight this.
NCSNOW
Member
Oil is sitting at 68 36 as of wed pm. . Want get into chatter reasons, but Ill be suprised if its not hitting 72-75+ here soon. If not by Monday morning.
I haven't traded crypto in a while but market is so bulilsh I put on BITX a few days at $55'ish. BITX tracks BTC and it just broke out to new high. Going to let this run and see. Crypto breakouts usually rip hard...
I also put on FETH (tracks Ethereum) yesterday on that break of $26 at $26.50...it's nice you can buy these ETFS that track crypto, I can buy in my normal brokerage and don't have to deal with the crypto only brokerages.
Well I am super ticked I got shook out of Apple yesterday...this looks amazing now with that bounce yesterday. Oh well...I got enough longs on and won't chase this.
I put on Google today at $176 mid....it looks ready to go. Like Apple it's well off highs...it's had a lot of silly headlines that keeps knocking it down. But that looks so appealing....
And I finally put some HOOD on at $93 this week, a few buys to build a position, not nice support at $91'ish...it looks explosive. Retail has been front running all these moves and bidding it up overnight and pre-market. This probably opens up above $100 tomorrow and then it's gone.
Like I said I have too many longs on so why I am not over ticked about Apple. This is the most longs on I've had all year and that probably tells you we are ready for a correction, I am starting to get a little over confident. Mid/end of July can be a bit rocky so will see but I think a real corrections comes in Sept. FOMC is going to cut rates and market is going to front run that so...dips will be bought by market until.
Like I said I have too many longs on so why I am not over ticked about Apple. This is the most longs on I've had all year and that probably tells you we are ready for a correction, I am starting to get a little over confident. Mid/end of July can be a bit rocky so will see but I think a real corrections comes in Sept. FOMC is going to cut rates and market is going to front run that so...dips will be bought by market until.
Nomanslandva
Member
I bought some ibit a few weeks ago, wish I would have bought more. At least the Canada announcement does not seem to have impacted this one.
Yeah, my BITX/ FETH will help mitigate this big gap down for other longs. But we’ve seen this many time…headlines that bring a weak Friday and magically gets resolved over the weekend and then we get a big gap up on Monday.
I closed my BITX here at $64.4...from $55. That's enough for me, it's a big move in a week. I will leave my FETH (Ethereum) on and working. I would love to see BTC back test 112000 and I would probably add back some BITX.
MRVL on watch for next week...2 red weeks after a big move and that $70-$75 is strong confluence zone.
Weekly chart looks really solid...it pushes through $80 and opens up $120-125. Of course it will take some time to push through $80 but $70 should be nice support.
Weekly chart looks really solid...it pushes through $80 and opens up $120-125. Of course it will take some time to push through $80 but $70 should be nice support.