Could really use AMD to move up a bit more today to dump these 4/6 calls that I forgot about in my TD Ameritrade account.

QQQ is getting really close to breaking out on interday support IMO.

My calls are opened closer to the earnings. they have a solid history of running up to that date. There's been a bunch of good news that has been ignored in the last two weeks as well (due to tariff talk).

I'm a believer that in Apple moving away from Intel, that report that they are going to "internal" cpu, is meaning that they will do a venture with AMD -- only because I feel they will have to stick with x86. I could be wrong though, this is a complete assumption.

NASDAQ fixing to get flushed

the 10:30 candle is big volume and probably a left shoulder

We just broke intraday support trendline near the top of our overall trading channel.

It all depends on the time frame you are looking at though. For the day it looks down IMO. I would assume the S&P and DOW have similar things going on.

Yeah looks like it's heading back down to $154-155 open prices.

klsmith89 said:

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Yeah looks like it's heading back down to $154-155 open prices.

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There's a support channel above that which has been hit multiple times and bounced. I would expect it to break through that which would intensify the late day selling IMO.

klsmith89 said:

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Yeah looks like it's heading back down to $154-155 open prices.

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that bottom yellow line is support and it's between 155-156.


S&P and DOW have the same pattern

let'er rip tatter chip

lower low / lower high

All markets green

crazy

Considering the tarriffs were a warning, the morning opening was a bit of an overreaction. However I am not sure what this "intraday rally" means for tomorrow.

Always take options off the table when markets give you a double or triple. Markets never turnover immediately. It can take weeks and sometimes months.

Still don't get why it didn't roll over here.

Oldarmy has it right in trading thin right now, however I'm not good enough at trading to catch a lot of these, so I'm just trading small swings. I feel like I'm mostly guessing though, which isn't comforting

Up over 10 a share now after hours

Just got the alert... fingers crossed.

SoupNazi2001 said:

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This market reminds me a lot of 2011 right now, lots of misdirection and squeezing of shorts and volatility. Basically we have a big move and then everyone piles in that direction and they squeeze it big the other way. Today was basically a big short squeeze of the overnight shorts. Now we see if real buyers can carry us past SPX 2700 or not.

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So frustrating. There were two upper channel resistance lines there. Support had been broken for the day, a lower low had been made, it started to brake and then just stopped and drifted without volume higher for the final two hours. I don't understand these things.

Then again, maybe we just found a bottom. Monday and today have lows pretty close to the same. It's kind of sloppy. Anyone have an opinion? 2hr candles...

I agree on the bottom but I also feel the fundamentals get thrown out quickly with Trump comments. This morning opening is solid proof of that

Oldarmy, awesome job on prior short, and long today. Neither I nor my algo would have longed today.

Thanks claym.

Imagine if you had bought Puts early today. Ouchers. Now it's small calls and wait and see.

I chased a bad trade.

I was so convinced on that reversal. And, i was reading it like a book too. Every new candle was predicted and perfect (until it wasn't)

oldarmy1 said:

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Thanks claym.

Imagine if you had bought Puts early today. Ouchers. Now it's small calls and wait and see.

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What if you bought puts when we went green for the day based on my flawed and broken trend lines?

tailgatetimer10 said:

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Up over 10 a share now after hours

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Climb you motha ****a!! Climb!!

Anyone got any insight the to micron drop? Was thinking of trying to get in when a bottom shows

tailgatetimer10 said:

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Anyone got any insight the to micron drop? Was thinking of trying to get in when a bottom shows

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Maybe fears over semiconductor tariffs? Just a guess.

In that case all of them would be down. Everyone does business in China in the semiconductor business