Thundergon said:
I sold all PETZ and put funds into ELOX. I didn't really have a long-term plan for PETZ so the timing of it being up big today and ELOX down today made sense for me.
ELOX sure looks like it's forming an h to me.
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Last: 4 hrs ago by $30,000 Millionaire
ELOX sure looks like it's forming an h to me.
What type of bike racing do you do? I raced road bikes for a decade but haven't raced since last year.BREwmaster said:glad I'm in Texas. and even more so a conservative part of Texas. I think I've had covid twice now and the 2nd time it was a weak ass virus that gave me a cough/ hack for about a week. Both times, I felt strong otherwise and continued to work out and even race (bike).Prognightmare said:
Keep this in mind guys, the media is now going all in on the Delta variant fear porn to scare more people to the jab. High likelihood the markets will reflect that fear, even though it's manufactured
agree completely, Delta is just a fancy name to a weaker verson of the original. If you name it and call it a "variant" maybe you can scare some more people into getting your unproven vaccines.
sorry rant over, back to stonks.
What are your thoughts on Cinemark? With no analysis, it seems like a better investment then AMC.
Here's what I'm seeing..
Where does the downward pressure on AMZN seem to be coming from? A consolidation for the next move upward?
ooh an Elliot waver. isn't that 3 move outsized relative to the 1/2 moves?
You don’t trade for money, you trade for freedom.
Probably. It wasn't mean to be exact. Just threw it up there for reference that I'm expecting higher. That level would likely be the 5. And of course timeframes are a complete guess. I haven't gotten good enough to know fib levels of timeframes like some of the top pros.$30,000 Millionaire said:
ooh an Elliot waver. isn't that 3 move outsized relative to the 1/2 moves?
Thank you and 30k both for the replies. OA tweeted earlier that he saw 434.33 as the potential pivot, so i'm hanging onto my Puts until we go above that. Which was extremely stressful when we were over 434.20, but hopefully that nonsense is over with and it's straight down from here.mazag08 said:It really seems like a new low is needed in this micro wave down.J.P. 03 said:
I'm starting to think they got me again:
8 day and 200 day EMA are converging on the 1 min. It's either going to bounce off the 200 right here or it's going to cross and give us more of an intraday chop.
Would love to hear some thoughts on AMZN too.
Careful with the puts. We've bounced of key support which has invalidated the alt waves so far. If we blow through SPX 4380 then it's likely that the low is in and we are heading for 4400-4500 (of course through the vehicle of a micro 5 up).J.P. 03 said:Thank you and 30k both for the replies. OA tweeted earlier that he saw 434.33 as the potential pivot, so i'm hanging onto my Puts until we go above that. Which was extremely stressful when we were over 434.20, but hopefully that nonsense is over with and it's straight down from here.mazag08 said:It really seems like a new low is needed in this micro wave down.J.P. 03 said:
I'm starting to think they got me again:
8 day and 200 day EMA are converging on the 1 min. It's either going to bounce off the 200 right here or it's going to cross and give us more of an intraday chop.
I got stopped twice already today on shorts. My fear is sideways chop and slow grind. I've taken both puts and calls off the table until I get some sort of validation.
it made a big move. might run into earnings. what isn't priced in?Highway6 said:
Would love to hear some thoughts on AMZN too.
You don’t trade for money, you trade for freedom.
WWR about to make me buy another 1k. I think after it recovers whenever that is we need another share count. Texags might be 10% owners by then
Re-entering AHT
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To me, AMZN is all if/when they announce a split.
Lol. I'll just sell ITM calls on XL at this point. Have it
PETZ
Volume back on the menu boys! Let's eat!
I'm waiting to see if we have another 1M volume spike to send it up like last week.BenRev09 said:
PETZ
I think you're wise to be on the sideline until we get some clearer direction. I'm playing expiring puts, which I thought made sense mid-morning when we kept making new lows on SPY and I thought we may be due for a quick, bigger jump down. Of course, almost immediately after I decided it was safe to enter, the rally began. At this point I'm just hoping for another dip so I can salvage my exit.mazag08 said:
Careful with the puts. We've bounced of key support which has invalidated the alt waves so far. If we blow through SPX 4380 then it's likely that the low is in and we are heading for 4400-4500 (of course through the vehicle of a micro 5 up).
I got stopped twice already today on shorts. My fear is sideways chop and slow grind. I've taken both puts and calls off the table until I get some sort of validation.
Looks like an inverse H&S on QQQs.
Had the same thought as you but it quickly hit my stop.
It's always risky shorting in an overall bull trend. I usually don't. Thought I could snatch a quick win today and got put on my ass. Hopefully you succeed.
It's always risky shorting in an overall bull trend. I usually don't. Thought I could snatch a quick win today and got put on my ass. Hopefully you succeed.
Looks like it could run a bit further if it gets through 3.40mazag08 said:I'm waiting to see if we have another 1M volume spike to send it up like last week.BenRev09 said:
PETZ
I can see that.Ccutamu said:
Looks like an inverse H&S on QQQs.
You don’t trade for money, you trade for freedom.
i'm going to go net free in petz and just not worry about it.
You don’t trade for money, you trade for freedom.
for the QQQ people.
Wake me up when there is an hourly close above $361 and $362 for a reversal.
Wake me up when there is an hourly close above $361 and $362 for a reversal.
You don’t trade for money, you trade for freedom.
small caps and tech almost trading in inverse for the last hour.
You don’t trade for money, you trade for freedom.
We've bounced off the .618 retracement level of the June $4.25 high twice now in two weeks. If it can break through that then $3.80 is the .786 level.BenRev09 said:Looks like it could run a bit further if it gets through 3.40mazag08 said:I'm waiting to see if we have another 1M volume spike to send it up like last week.BenRev09 said:
PETZ
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mazag08 said:
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RAIL acquisition alarm went off. I'm a bit hesitant due to macros, but I want to.
Here we go testing the 433 range again.
geez I thought something just blew up. my watchlist said there were 87 replies in the last 10 minutes... but there was just two.
trisky move on NVDA on the minute chart
I bailed at the first sign of profit a few mins ago. Looks like i'm leaving a lot of money on the table based on this latest drop, but considering my Puts were down almost 50% at one point today, I'll take this as a victory and move on to next week.mazag08 said:
Had the same thought as you but it quickly hit my stop.
It's always risky shorting in an overall bull trend. I usually don't. Thought I could snatch a quick win today and got put on my ass. Hopefully you succeed.
Well we've got a new low. Lets see if that was it or if it goes deeper.
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