Given it appears to be the onions, I think MCD recovers a lot of it's losses over the next few days.

🍔🧅 Yum Brands removes fresh onions from meals at Taco Bell, Pizza Hut, and KFC amid E. coli concerns

Tickers of interest: $YUM $MCD

Full Story → https://t.co/KzVpQIYBo1 pic.twitter.com/3H9hEeDUbK

— PiQ (@PiQSuite) October 24, 2024

Yellow Onions supplied by Taylor Farms MIGHT be behind the E. coli outbreak that forced McDonald's $MCD to pull their Quarter Pounder Hamburgers pic.twitter.com/GRCVpfE0kn

— Barchart (@Barchart) October 24, 2024

I'm watching the 21 EMA on the daily - waiting on it to close under that.

Yeah the last 3 pullbacks have began on a close below the 21ma. Weekly 21 has also been a pivotal level as well and it's all the way down at $181.

TSLA has never had an earnings that popped this hard. Closest was back in April and took multiple days to do what today is doing. Prepare for the wild swings both ways. But today is short covering and dealer hedging. I'm going to likely sell a call on part of my position by end of day, probably as it approaches the $265 trendline resistance.

But what's interesting is that RSI is not even overbought on daily, and MACD is just starting to confirm an upward crossover. So I won't default to the daily gap closing on a retrace. Maybe a 50% retrace back to $235-$240.

Heineken-Ashi said:

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I'm selling a TSLA $200 put for January. $13.30 of premium.

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worked out perfect for you. have you bought it back yet?

trip98 said:

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Heineken-Ashi said:

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I'm selling a TSLA $200 put for January. $13.30 of premium.

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worked out perfect for you. have you bought it back yet?

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Was watching the beer candles to catch clues of a slowing or reversal of trend. Nothing yet. Might just let it ride, but it would be nice to get the cash back.

I'm super new to this game, bought hundred shares of PLTR at $25 and am trying to decide to keep or dump.

Thoughts from the more seasoned?

the FTC is a freaking joke - did you guys see the statement they made blocking the Capri-Tapestry merger??? My gosh!!! We're talking about purses and handbags, LOL Capri shares down 50+%...hope ya'll were loaded with puts

I have 500 shares and I'm holding, fwiw

Also, have to ask yourself these questions and weigh your choices based on how you answer.

1. Would you be mad if it came back to $20-$25 area?
2. If not, would you buy more there?
3. Would you be mad if you sold and it was at $60 next year? $75?

See, I could post my chart again showing that I still think it's in a topping pattern. But other people I respect believe it's in the early stages of an even larger move. Nobody truly knows. When you entered, what was your goal? Was it to profit short term? Long term hold?

If none of this has helped you pick a path, then I'd recommend selling half. You will get most of your money back and stay invested in case it keeps rising. At that point, you can wait for significant red days to add back little by little, slowly gaining exposure.

But one thing I know, I don't see a clear setup for an entry right now. Especially one that limits risk.

Been accumulating SOXQ in two different accounts (brokerage and 401k), totally different amounts and timetables, but I was looking at it today and I have identical cost/share on both accounts, down to the penny. $39.99.

How weird is that.

K2-HMFIC said:

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I'm super new to this game, bought hundred shares of PLTR at $25 and am trying to decide to keep or dump.

Thoughts from the more seasoned?

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If you're new I'd suggest reading through LOTS of pages front he start of this thread. I did and it taught me about covered calls which have made me a lot of money I would have missed out on.

I almost bought PLTR in the $22 range but had unexpected bills pop up that ate free cash I was going to use. Kicking myself now bc I was only expecting it to get to $30-$32. Now it's way past that. I looked the other day and knew if I had it I would be selling a CC out to like February and sell one around $48 or so and get several hundred bucks for it. If I get called it's a PHENOMENAL return in a matter of months if not called I've lowered my total investment significantly then rinse and repeat

Newmont's Profits Soar

The world's largest gold company saw net income rocket to $922 million in Q3 from last year's $158 million, driven by soaring gold prices and increased sales volumes, totaling $4.61 billion.

But the stock is down 14% today pic.twitter.com/cBPACHCccy

— Katusa Research (@KatusaResearch) October 24, 2024

Black Rock bought 7.5M HUMA shares this week. Assuming this is good news?

As usual, SMCI drops like a rock minutes before the bell.

Wonder what's causing that.

NEM is a buy between $44 and $46 if you don't yet have a position. Target $65

Heineken-Ashi said:

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NEM is a buy between $44 and $46 if you don't yet have a position. Target $65

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Bought a couple hundred shares yesterday. Have a 2 naked $50P on the 12/20 for $4.10.

NEM
I bought some shares yesterday and went ahead and sold a range of puts over the next several weeks with strikes from 46.50 - 44 to capture some premium. if I get assigned, all good.

Brian Earl Spilner said:

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Bought:
TQQQ (target $77)
TNA (target $47)
Added SOXL (targets $37, 38, 40)
Added SMCI (targets $49, 52)

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Most of these looking good right now.

What's the consensus on ALB around here? Beautiful setup on the daily playing out

SPY and Q's ripping to just underneath ATH's...setting up megacap earnings next week for either a flash crash like H-A believes (if they disappoint, I would presume) or rocketship to new ATH's and SPX 6,000 like I believe...I just think everyone is getting back into the megacap trades...should be an interesting week for sure...

Ranger222 said:

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What's the consensus on ALB around here? Beautiful setup on the daily playing out

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I love it as a long term hold and posted as much a month or two back.

the Musk/Putin stories already starting...how does this impact TSLA over the medium term?? hasn't phased it yet this morning...still ripping from Wednesday's earnings...

Not saying it was a smart move, but I have the vast majority of my Roth (69%) in SOXL at the moment.

Only up 3.5% on it overall, but the daily gain looks pretty nice.

First profit will be taken at $37.

EnronAg said:

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the Musk/Putin stories already starting...how does this impact TSLA over the medium term?? hasn't phased it yet this morning...still ripping from Wednesday's earnings...

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Yeah, I saw a story that said Putin asked Musk not to let Taiwan have Starlink…as a favor to China

BucketofBalls99 said:

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EnronAg said:

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the Musk/Putin stories already starting...how does this impact TSLA over the medium term?? hasn't phased it yet this morning...still ripping from Wednesday's earnings...

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Yeah, I saw a story that said Putin asked Musk not to let Taiwan have Starlink…as a favor to China

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I hope Musk gave it to them for free just as a "F U" to China. But that would be poor business as TSLA China market is massive for him.