Don't worry. 2% overnight gap on tap.

McInnis 03 said:

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leoj said:

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Ok, so nothing but a wall of BA call sweeps today for 135 and 145 strikes. The 135s doubled since this morning but were still being bought in the afternoon.

I had this pulled up on the daily before seeing that, but it looks like it closed at the top of the downtrend and above the 21d ema, coming up on the 50d sma.

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Saw the action rolling on it and couldn't convince myself that was a play of value. It's so frustrating to me that what I see still isn't what others are seeing or executing, and likely means I'm seeing it wrong. I see a chart with lower highs and lower lows trading in a downward channel and while I see today closed just outside of that channel top, I guess I need more confirmation before making a play to the upside still. Maybe that's where I'm making the mistake? (I guess it's not a mistake until it plays out)

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Hey, so HP actually had the downtrend starting the day before the one I had drawn above, which means it closed above it today. Keep an eye on 140 resistance, which is where the 50d ema is right now. I plan on using that as a trigger and maybe keep an eye for any further option flow the rest of the week.

McInnis 03 said:

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Aggies1322 said:

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$30,000 Millionaire said:

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Don't worry. 2% overnight gap on tap.

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I'm guessing you've lost some money trying to bet against this market?

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Who hasn't

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I've lost quite a bit. Trying to work my way back.

Futures green.

Every knee shall bow and every tongue shall confess

This sounds exactly how I think we're about to go. Think we have a pretty positive/green summer with the opening up. In the fall I expect a pretty decent crash with positive cases going up and the election. I plan to go cash slowly in the summer and pretty close to full by the end of August

If I'm wrong so be it

tam2002 said:

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This sounds exactly how I think we're about to go. Think we have a pretty positive/green summer with the opening up. In the fall I expect a pretty decent crash with positive cases going up and the election. I plan to go cash slowly in the summer and pretty close to full by the end of August

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I had always planned to go pretty heavy cash prior to the election so I'm with you there

I'm almost 30% cash now waiting for a fall but I'm not thinking it happens now

McInnis 03 said:

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This guy - doesn't get it.

BJ making its move premarket to new highs on 3 day chart.

WMT gonna run today

SPY seems to have bounced off the top of the Darvis Box this morning...hopefully setting new support

tam2002 said:

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I'm almost 30% cash now waiting for a fall but I'm not thinking it happens now

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I was...but I've slowly been reinvesting it over past few weeks and down to 10% cash now

gougler08 said:

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SPY seems to have bounced off the top of the Darvis Box this morning...hopefully setting new support

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Waiting for Powell and Mnuchin testimonies

Isn't Google mobility data something you can opt out of with your phone? I would think that would skew the sample size such that extrapolation isn't worth much...

Thoughts?: have NVDA 6/19 $300 calls. Currently up 70%. Still 30 days to go. Steve Miller Band it now?

Square Pair said:

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Thoughts?: have NVDA 6/19 $300 calls. Currently up 70%. Still 30 days to go. Steve Miller Band it now?

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$300s or $400s? The intrinsic value is basically gone in the $300s. You're really not gaining much by holding onto it. If the 300s, I'd sell those and roll some of the profits into a different strike. The $400s could really fly in the next few days due to their ER around the corner, but you could always go net free if you have enough contracts. It's been on one hell of a run.

oldarmy1 said:

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McInnis 03 said:

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This guy - doesn't get it.

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While his sarcasm at times gets a bit dry I think you might appreciate the amount of data he puts out. It's a boat load.

Talk like this should bump us up what, 30-50 points on the SPX?

oldarmy1 said:

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BJ making its move premarket to new highs on 3 day chart.

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Holding through earnings?

Wonder which airline it is...

LK delisted from nasdaq

Consumer demand is there...

Foot Locker (FL) also had a dozens-deep line of customers on Saturday, Raymond James said
Shopping at the mall might be different nowadays, but that didn't stop consumers from lining up to buy the latest gear at a Nike Inc.(NKE) store in Atlanta, according to Raymond James analysts, who said they spotted dozens of people lined up at a mall waiting over the weekend.
Georgia began reopening businesses, including gyms and tattoo parlors, in late April (http://www.marketwatch.com/ story/these-states-are-loosening-economic-shut-down-orders-texas-expected-to-announce-new-rules-soon-2020-04-23). Raymond James updated its channel checks at the Lenox Plaza mall, one of the largest in the U.S., according to analysts, on the second week of reopening.
"Nike(NKE) had a line of 40 people on both Friday and Saturday," analysts led by Matthew McClintock wrote. "The store was running at capacity (50 people it appeared) and more than 15 people were checking out on both days and at different times (equally registering footwear and apparel)."

-Market watch on fidelity

Every knee shall bow and every tongue shall confess

OverSeas AG said:

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leoj said:

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LK delisted from nasdaq

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Was just coming here to say that. So I wonder what that means.

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It means when it starts trading again, selloff. Funds that track nasdaq will be able to unload it etc etc.

Every knee shall bow and every tongue shall confess

Rumors are GSX is next LK