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Misc Stock Market

What was the predicted range for the July jobs gain? The 73K gain was a good bit higher than those of the two prior months.

The major indices are down sharply (~1%).
 
KyloG said:
Very bearish candles today...SPY/Qs engulfed several days of gains and closed on the lows. But somehow futures probably pump tonight...I don't think we've seen a down open in weeks. Apple with very solid earnings but muted response....I closed my Apple long when market rolled hard. In fact I closed all my swings...been a crazy few weeks and need a reset.

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Glad I closed my swings...I also went more cash in my IRA yesterday...back to 40% cash. Market in complete free fall..

Actually faded Apple off open from $212 and covered at $207. Won't do much else today....

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Snowfan said:
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This why I came in the year bearish...tariffs...govt layoffs...feeds into private sector layoffs but this market a clown show and just rips higher all the time. Well...tech earnings have been stellar for AI...without AI we would be in a severe bear market.
 
KyloG said:
This why I came in the year bearish...tariffs...govt layoffs...feeds into private sector layoffs but this market a clown show and just rips higher all the time. Well...tech earnings have been stellar for AI...without AI we would be in a severe bear market.
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Yeah, I know folks don't want to see it over at Reddit, hah, but another jobs reports like this with more revisions and I'm sorry to say, but rate cuts are absolutely on the table even with inflation stagnant.

If not the Fed, the treasury bond market will do it for them.

It's kinda strange. Consumption is declining in the US, yet SPX capex is going up, which usually doesn't occur. You can argue that the private sector is helping to juice things, but it's with something that could turn out to be iffy, and that's AI build out.
 
The Dawn of the AI age has begun. Next 4 years is gonna see epic overturn in jobs, careers. Got to biggest head scratcher moment HS/College age kids have ever faced. O was coming up all we heard where computers where coming, even though we never had seen one.
 
KyloG said:
Glad I closed my swings...I also went more cash in my IRA yesterday...back to 40% cash. Market in complete free fall..

Actually faded Apple off open from $212 and covered at $207. Won't do much else today....

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I faded Apple all day...once it broke 207 and retest failed a few I shorted it again down to $203....also faded a few other things (AMD, SNOW). Probably my best swing day in some time just fading shares. NVDA been holding up well today and it it decides to roll then everythign rolls down more.


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Fading some AVGO, 200 shares at 289.30 v/s $290.50. It was holding up too...retail loves these semi names. I am starting to get greedy and that isnt good when you are in short mode.

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We got a full blown market crash and NVDA and AVGO haven't blinked...relatively. Have to think these rollover...but I won't short NVDA but let's see how AVGO/AMD shorts work out.



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NCSNOW said:
The Dawn of the AI age has begun. Next 4 years is gonna see epic overturn in jobs, careers. Got to biggest head scratcher moment HS/College age kids have ever faced. O was coming up all we heard where computers where coming, even though we never had seen one.
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All of this is headed somewhere else too, but no one wants to talk about that. AI is nothing but trouble.
 
SPY barely pulled back, relative...it's not even to it's 8wema. I would like to see a 20 week ema tag..

Usually engulfing weekly candles at tops have follow through. Look at last July 2024...




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Closed my shorts and flipped long AMD at $170.50, OLKO at 71.55 and TQQQ at $72.20

Stops at afternoon lows.....if I get stopped out and then done for the day. Great day today...wasn't planning on fading so many names but all worked.
 
The BLS revisions this time were definitely extra bad, but I have no choice but to believe that the firing here is to fudge the numbers.

Maybe I'm wrong, but I'm certainly not confident.
 
The trick to the market is you just buy everything when it’s red and keep buying til you get old and only have a few years left to live. Then you dump your lifetime stonk earnings into a nice retirement home @ 7k a month. This should give you about 10-20 years to live comfortably playing bingo and eating meat&3 while your body and brain slowly (or quickly) begin to fail you. That’s the American dream baby.
 
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