JD acting bullish
Stock Markets
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Last: 2 hrs ago by El_duderino
ROKU strong rebound continues. I've placed my first covered call hedge out to next Friday at $32.50 strike for $1.30 premium with some fills
Spending and corporate tightening of the belt will start next year as rates go up.
They say stocks are only for 10-15% of the wealthy, but things like employment, business expansion and spending, $100k+ home remodels (here in Austin) are driven by how good people are feeling. It all trickled down. Wealth doesn't appear bottom up but by top down.
I think we, at the very least, seem to be setup for a bit of stagnation.
They say stocks are only for 10-15% of the wealthy, but things like employment, business expansion and spending, $100k+ home remodels (here in Austin) are driven by how good people are feeling. It all trickled down. Wealth doesn't appear bottom up but by top down.
I think we, at the very least, seem to be setup for a bit of stagnation.
Agree. That means a traders paradise!evan_aggie said:
Spending and corporate tightening of the belt will start next year as rates go up.
They say stocks are only for 10-15% of the wealthy, but things like employment, business expansion and spending, $100k+ home remodels (here in Austin) are driven by how good people are feeling. It all trickled down. Wealth doesn't appear bottom up but by top down.
I think we, at the very least, seem to be setup for a bit of stagnation.
oldarmy1 said:Agree. That means a traders paradise!evan_aggie said:
Spending and corporate tightening of the belt will start next year as rates go up.
They say stocks are only for 10-15% of the wealthy, but things like employment, business expansion and spending, $100k+ home remodels (here in Austin) are driven by how good people are feeling. It all trickled down. Wealth doesn't appear bottom up but by top down.
I think we, at the very least, seem to be setup for a bit of stagnation.
$32 magnet worked like a charm for positioning ROKU covered calls. Big ROUND numbersoldarmy1 said:
ROKU strong rebound continues. I've placed my first covered call hedge out to next Friday at $32.50 strike for $1.30 premium with some fills
So DOW down about $500 already
oldarmy1 said:
JD acting bullish
Can it break through that downward trend line in the next week or two? It has to run at some point right?
I bought my ROKU covered calls back half price. Geez louise the action on stocks is entertaining.
5 DMA and MACD lines all crossed so a likely lower range set for the day.
We having fun yet?
Just covered my big 3 hedges. NFLX, AAPL and NVDA. Let's see how naked feels.FriscoKid said:
We having fun yet?
Yesterday's bounce was just a technical bounce off of the trend line from 2008 to present. We are going to challenge that again soon.
Looks to be losing any support though for the day. 2393 maybe?
Looks to be losing any support though for the day. 2393 maybe?
Think so.
Good day for penny stocks. MNGA moving back into its support levels.
Good day for penny stocks. MNGA moving back into its support levels.
So MNGA flashed down for fills just above 17 cents making it my largest share position (naturally). I just lightened 50% of those buys into that 26 cent spike. No reason other than discipline plan. It could stop here around 26 cents or it might do one of its real spike moves to 50 cents. I have a sell order for 25% of my total holdings at $0.4998 as an fyi.
It's already a net free holding but when you get an opening off a flash I take it.
It's already a net free holding but when you get an opening off a flash I take it.
Living naked is fun!
MU showing some strength today off that hammer yesterday, let's hope it can keep it up for a bit longer here
So a 50% retracement. Yuppers
S&P reverse H&S
Watch us close flat for the day. 2428 was some pretty good intraday resistance. Now that this is cleared it wouldn't surprise me at all. Just watching for now. I don't have a position.
It also bounced off the 200wkMA which was interesting. I think we still rally up to the 2525-2600 area before a test of the lows occur. We are still extremely oversold.FriscoKid said:
Yesterday's bounce was just a technical bounce off of the trend line from 2008 to present. We are going to challenge that again soon.
Looks to be losing any support though for the day. 2393 maybe?
And we are green, that was quick
BUY THE DIPS
Some huge volume yesterday and today generating enormous bounces. Similar to end of Nov / beginning of Dec bounce. Swing trader went long.
The AMZN covered calls bought back for $1.11 are now trading over $9.
Somedays the feel of decision points just works out all around. I have no covered calls and shares of most everything are within a few points or green. Praise the Lord!
Now a MNGA after hours run would be icing.
Somedays the feel of decision points just works out all around. I have no covered calls and shares of most everything are within a few points or green. Praise the Lord!
Now a MNGA after hours run would be icing.
Wouldn't mind MNGA coming back down to $.20 around the beginning of the year...
ROKU has a pretty nicely defined V Bottom, went with Jan 4 31 calls with an exit if it breaks the V
Exactly where was the huge volume. Volume was relatively thin.claym711 said:
Some huge volume yesterday and today generating enormous bounces. Similar to end of Nov / beginning of Dec bounce. Swing trader went long.
Holy crap! What a turn around today
Only 23% of stocks traded above their last 90 day volume, so it was selective. However - here is the secret. A whopping 92% of all stocks traded a minimum of 2X their average daily volume in the 2nd half of the day. See DE as Exhibit A. It's a market makers trick because most people look at average daily volume. Track the per minute volume historically and you see why I post exiting covered calls when I did and even bought a few shares of bigger movers.drill4oil78 said:Exactly where was the huge volume. Volume was relatively thin.claym711 said:
Some huge volume yesterday and today generating enormous bounces. Similar to end of Nov / beginning of Dec bounce. Swing trader went long.
The tale of 2 half's. Average volume 1st half significantly lower than average per minute volume over last 90 days (except for yesterday) 2nd half of day 2-6X per minute average volume.
Look what you did!IrishTxAggie said:
Wouldn't mind MNGA coming back down to $.20 around the beginning of the year...
oldarmy1 said:Look what you did!IrishTxAggie said:
Wouldn't mind MNGA coming back down to $.20 around the beginning of the year...
AH is so enjoyable. All 30K shares sunk it ~8%
Futures volume, or more specifically magnitude of price change to futures volume.
Only thing more extreme was first bounce of Feb lows. Prior to that first bounce off 2011 correction lows was similar.
Highly likely approximate lows will be revisited within the next 1-2 months, also likely that current low is near the bottom unless we crash.
So....sell the rip :P My trend trader went long. I'm not a believer, but it's smarter than me.
Only thing more extreme was first bounce of Feb lows. Prior to that first bounce off 2011 correction lows was similar.
Highly likely approximate lows will be revisited within the next 1-2 months, also likely that current low is near the bottom unless we crash.
So....sell the rip :P My trend trader went long. I'm not a believer, but it's smarter than me.
You have a target for upper band before the rip?
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