We've lost momentum big time

Appears so

It's target was also raised to $115 during that same time frame.

There we go again

****! This sucks

Holy **** lol. Glad I got my wife out of MU in her Roth. Have some cash sitting waiting to add a few long positions after this is all over. Looking at getting back into MU possibly but next quarter or two could be rough. WHR, OZK, LEA, LRCX, CAH, MGA, MO, MGA all on the radar.

MU is positive right now. So is MCHP. The SMH is only down a dollar. Chips may have bottomed.

MU following up green after the inverted hammer is a good sign for the short term reversal

It's also confirmed by similar moves in the SMH, MCHP and AMD. Chips showing decent strength against this onslaught.

We still have a hour left and this is "currently" the highest volume day for SQ in 12 months. Hopefully it flushes the sellers out.

MNGA dropped back down to .25. Anyone else considering reentry?

Prognightmare said:

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We still have a hour left and this is "currently" the highest volume day for SQ in 12 months. Hopefully it flushes the sellers out.

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Today has been crazy

gougler08 said:

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Prognightmare said:

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We still have a hour left and this is "currently" the highest volume day for SQ in 12 months. Hopefully it flushes the sellers out.

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Today has been crazy

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Look at the volume on upticks minute by minute on SQ.

Up we go

Looks like the shorts in the market are covering.

Nasdaq almost positive after being down 100, just 10 minutes ago.

Well now that we've gotten this out of it system, let's just have a strong day tomorrow to close out the week

Agreed

On the bright side JD and DBX holding up really well the last couple of days.

I like the LEA calls for next week at 140 to play off the inverted hammer today

I'm on a lot of short terms calls now that we've cleared that gap and the bulls should be coming back out now

If when this tariff stuff goes away, I think that auto stocks like LEA and MGA are going to rocket. Great fundamentals and growth at very reasonable values right now. Lea just got an upgrade as well.

Wow, I just looked at where all three indices started at Jan 2 of this year. Check it out, we are almost back where we started at the beginning of this year.

Looks like a good place to bounce from here.

SQ up 3 bucks after hours

Hey hey....SQ got 91% filled at $65!

oldarmy1 said:

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Hey hey....SQ got 91% filled at $65!

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You missed a hell of a day

Prognightmare said:

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OldArmy is on a plane. Just imagine his elation when he lands and sees that his SQ order filled at 65 and the low of the day. He's getting drunk tonight.

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Catching up on the thread and yeah that first alert I see is SQ fills hit! Ok, I got 91% of order filled but I have to admit how lucky a flash down hit it square (see what I did there?) on my mark.

But look at the reverse head and shoulders that flash dip created. I would have gone 20k shares instead of 10k on that chart pattern. Perfect set up. Mass volume within a high volume day peaks at $65 flash.

If you can't see that to pull the trigger you should not trade.

P.s. I don't drink but I do party!

gougler08 said:

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SQ up 3 bucks after hours

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I'm taking a couple thousand shares off slowly.

oldarmy1 said:

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P.s. I don't drink but I do party!

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We gonna get along just fine.

What do you think of this theory OA?

There's always a 'reason'. It'll bounce and keep bouncing until the reversion algos get shut off. When that liquidity disappears, true corrections can occur....until the Fed steps in with its plunge protection. The party will continue.

Although, that thinking is going to get people crushed when a 15-20% actually does occur. Can throw TA out the window.