Still ticked I bailed on my ROKU short.

It's crazy that a month ago, the hundred dollar calls that just expired made a ton for us.

oldarmy1 said:

---

Prognightmare said:

---

Ugly morning. Not the Birthday present I wanted this morning.

---

Happy birthday?

---

Yep, I'm 46 today, the market sucks and my wife said no this morning. Today blows.

Lol

UpstateAg said:

---

It's crazy that a month ago, the hundred dollar calls that just expired made a ton for us.

---

I know right? SQ has been pretty good to me over the past few weeks

Happy Birthday!

2710 futures places S&P below 10/11 low of 2011.02

I bought futures there to see if a bounce off that for a quick trade.

Industrial names down. MMM, Lockheed, CAT.

2713 as I type likely to be a lot different by the time I hit enter to post

CRON $7.57

Even with my $9 covered call against my net free holdings that is gonna be losing 8%.

Nice payday.

Critical level here. Need to hold 2710, trying to bounce. Break below that and technical damage.

FriscoKid said:

---

Critical level here. Need to hold 2710, trying to bounce. Break below that and technical damage.

---

2707 and falling

Watch for 2m minute on MU. 800k on ROKU for any entries.

2673 looks like a target to be if you are short and looking for an exit point...

Or entry point if you want to catch a knife.

(enter at your own risk...I take no responsibility)

STAFF,

Can we get a Green Face Throw up Emoji added? It would help for my well being.

Prognightmare said:

---

How I feel watching the market today.

---

I'm not even going to look at my long term account, trading was almost all puts so that makes me feel a bit better

NIO fills at $6.50

2673 is the 4th support level using daily pivot points. That's where I got that target and the 3rd support has already been broken (2702). Looking back there could also be chart support at 2679 area.

In addition "the h" that OA has been talking about is broken and should fall well beyond that now. We had a quick drop and a fib retracement of 50% (the h). Unlikely that the current level would hold at this point.

2710 could have been a double bottom and rebound from there, but that's broken now. And the market is searching for a new bottom. 2673 might offer daily support, but I doubt that it's long term support.



That's the way I'm reading it at least.

Adding 70.5 puts on SQ as it seems to have more to go with the "h" pattern

NIO back to $6.72 with a nice v bottom.

Needs to move above 6.80.

$6.89 NIO

How's that for an entry?

Amazing that CNBC got something right for once...

Quote:

---

The stock market sell-off sent the S&P 500 below a key level Tuesday, and how it trades next could determine whether the market is close to finding a bottom or more selling is ahead.

The S&P 500 dropped as low as 2,691, below the 2,710 Oct. 11 low. It was last at 2,707, just below the key level.

---

https://www.cnbc.com/2018/10/23/stocks-just-broke-a-key-level-and-whats-next-could-decide-fate-of-bull-market.html

That is rare. Did they note that a close above that would likely signal a bounce?

Anyone think Tesla jumps after moving up the conference call? If they beat sales numbers and show continued path towards positive cash flow this could be a bottom?

Anybody looking at NBEV again?

oldarmy1 said:

---

That is rare. Did they note that a close above that would likely signal a bounce?

---

Why yes they did. The author must be new.

spud1910 said:

---

Anybody looking at NBEV again?

---

I'll sell the Nov 16 $4 Puts at 55 cents forna net $3.45 entry or just bank the premium if stays above.

The $5 call is $110 bid for a net $3.90 if it stays below $5.

Nice little run here, but can it hold through the afternoon?

leoj said:

---

Anyone think Tesla jumps after moving up the conference call? If they beat sales numbers and show continued path towards positive cash flow this could be a bottom?

---

I don't want to touch TSLA, way too much volatility with Musk

No intraday bear patterns from the breakout lows. All rising wedges, cup handles, etc.

20 points to fill the open gap down.

Yep, not yet.