TWTR, NFLX, SQ all dropping
Stock Markets
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Last: 54 min ago by El_duderino
This could see that $1500 on a flash down below its 200 DMA if markets head south again.
That seems like a no so farleoj said:
Google and amazon keep us green tomorrow with earnings AH?
My stop is set at $1648 which would be a net $3/share gain.
AMZN was just put on sale. I'm looking for cheap leaps after Q4. Easy money.
Sounds like a options trader's wet dream...
AMZN reports record profit but was cautious for Q4. Whatever, they're lying about the concern. I suspect insiders and corporate buy backs are being positioned right now. They're buying on weakness and so will I.oldarmy1 said:
My stop is set at $1648 which would be a net $3/share gain.
As long as my stop isn't triggered I'm in for a trade. This is one of my 401k core net free holdings so even with covered calls above $2000 I lost 7 figures in value since losing 2000. I should have bought Puts and will buy them if AMZN doesn't quickly rebound. Any added time hanging near these lows signals its not over.Prognightmare said:AMZN reports record profit but was cautious for Q4. Whatever, they're lying about the concern. I suspect insiders and corporate buy backs are being positioned right now. They're buying on weakness and so will I.oldarmy1 said:
My stop is set at $1648 which would be a net $3/share gain.
I don't have confirmation but I suspect this is a coordinated action to depress the stock. If they killed earnings in 3Q why would 4Q be bad when more people have disposable income at Christmas, due to the tax cuts, and they warn? This stinks of manufactured outrage. I honestly hope they get killed at the open because, IMO, that will be the low and a rare opportunity to cash in on the holiday season. This worry seems fake to me, but we will see.
My Dogecoin is really taking a beating.
Gonna be buying some calls in the morning...
1629 and falling...this seems a bit ridiculous
Very unconvincing bounce.
Interesting MAs about to cross. Hasn't happened since the 2015/16 and 2011 corrections, which again were 14-20%.
Needs a face ripping bounce to prevent another big leg down.
Interesting MAs about to cross. Hasn't happened since the 2015/16 and 2011 corrections, which again were 14-20%.
Needs a face ripping bounce to prevent another big leg down.
Well glad we had a big rally today cause we will be starting in the hole tomorrow
I'd prefer a big drop at the open and then rebound to close higher. That's the capitulation trade that this markets need.gougler08 said:
Well glad we had a big rally today cause we will be starting in the hole tomorrow
lol, NQ just formed an h after hours
So is Amzn going lower or is it worth wetting the beak at this price?
I've got 262 as the next major level....body of the hammer candle that started our accession in May as well as .236 FIB retracement from year highs to year lows made in February. After that it is those February lows around 252....
I'm not crazy bearish right now....think we have one more good dumping before we try and stabilize. Market is just going to churn and chop until midterms....but I do think its good to have a shopping list ready. AMZN on the top of that list for me, SQ and NVDA.
I'm not crazy bearish right now....think we have one more good dumping before we try and stabilize. Market is just going to churn and chop until midterms....but I do think its good to have a shopping list ready. AMZN on the top of that list for me, SQ and NVDA.
going back to the SPY weekly....after the Feb 18 lows, there is a little volume pocket to about 248...I would be really surprised if we break those Feb lows but maybe we overshoot a little bit to that 248 level. That's way ahead though I don't think we get there but that is some worse case scenario
Setting up to be a bloodbath tomorrow.
I've already lost $25k this week. What's another 10k at this point? Thank God I don't need this money anytime soon.
SoupNazi2001 said:
Several round trips going on lately. Futures have given up all of today's gains. The market dynamics are changing this year. Have to always adapt as a trader.
Absolutely true.
Hit -41.25 before bouncing to -35. Today is major Put selling day of we can hold lows with some down side flash into the open.
As primarily a buy and hold investor, this has not been the most fun couple of weeks.
Obviously we've seen much worse, but it's been a pretty good run since it's been this consistently rocky.
Luckily I keep reminding myself it's only a hit if you are selling and I don't own anything I'm selling in the next 10 years
Obviously we've seen much worse, but it's been a pretty good run since it's been this consistently rocky.
Luckily I keep reminding myself it's only a hit if you are selling and I don't own anything I'm selling in the next 10 years
When we open down huge, this could be the capitulation trade that the markets need. If we close higher today, this is the bottom, IMO.
Prognightmare said:
When we open down huge, this could be the capitulation trade that the markets need. If we close higher today, this is the bottom, IMO.
Agreed
Might find a bounce at 2666 again.
Yeah we've come up 20 points from OA's low of -41
Q3 gdp in @ 3.5 %
It is sell the rips season.
2666 was such a key level previously, I'd be surprised if we don't see action here again.
RRTS
whats a good exit for RRTS?