AAPL 106.41 gap filled from July 31st

CreakinDeacon said:

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Prognightmare said:

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TxAG#2011 said:

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Bulls need to show up here fast

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I wouldn't be expecting them today.

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This. Bulls aren't showing up until after 1EST if they decide to show up today. If they do, they're going to buy this damn thing back up and close us back in no man's land on the ETFs. And destroy the rest of the day's premium

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Any particular significance to the 1EST time as opposed to some other time during the day?

Good time to avg down on PINS 38C?

3280 and where we reset in my opinion

Orlando Ayala Cant Read said:

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Challenger 17 said:

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Think its prudent to sell ONTX with a 30% gain? Think it'll go back down to around .25 as typically happens after a run up?

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When all else fails check twitter using the $ to see if you can pick up any news scans on it. Once in a while you'll see an info drop there by some obscure poster who has made it his/her life mission to follow a certain stock and although its weird, they do know whats going on with the company.

If I personally had entered in at .21 with a large position, I'd probably sell off at least 2/3 rn and assume it'll be back in the .20s next week.

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It's very tempting to sell the whole position to capture the gains and buy back in the 20s.

Dan Scott said:

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3280 and where we reset in my opinion

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3271 gives gap close from 7/31

ZEST

Challenger 17 said:

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Orlando Ayala Cant Read said:

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Challenger 17 said:

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Think its prudent to sell ONTX with a 30% gain? Think it'll go back down to around .25 as typically happens after a run up?

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When all else fails check twitter using the $ to see if you can pick up any news scans on it. Once in a while you'll see an info drop there by some obscure poster who has made it his/her life mission to follow a certain stock and although its weird, they do know whats going on with the company.

If I personally had entered in at .21 with a large position, I'd probably sell off at least 2/3 rn and assume it'll be back in the .20s next week.

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It's very tempting to sell the whole position to capture the gains and buy back in the 20s.

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agreed it is.

That volume stick on Spy 328.5 makes me wonder if that was today's bottom

If this hourly QQQ candle goes green, I'm buying next week 270s on a tight stop

Hoping Monday is the start of something new. Yeesh.

CreakinDeacon said:

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BREwmaster said:

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Prognightmare said:

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TxAG#2011 said:

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Bulls need to show up here fast

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I wouldn't be expecting them today.

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or next week at this rate. Tech sell off may have just started.

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Tech is down ~12.5% in 12 trading sessions. I think the sell might be nearing a point of exhaustion, but who knows.

ETA:
AAPL is about to fill the 106.4 gap. Not a bad spot to possibly start building into a long position and add on further dips

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QQQ support was 267, now that is resistance. I have 263 and change as new support.

dead cat bounce now

BREwmaster said:

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CreakinDeacon said:

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BREwmaster said:

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Prognightmare said:

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TxAG#2011 said:

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Bulls need to show up here fast

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I wouldn't be expecting them today.

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or next week at this rate. Tech sell off may have just started.

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Tech is down ~12.5% in 12 trading sessions. I think the sell might be nearing a point of exhaustion, but who knows.

ETA:
AAPL is about to fill the 106.4 gap. Not a bad spot to possibly start building into a long position and add on further dips

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QQQ support was 267, now that is resistance. I have 263 and change as new support.

dead cat bounce now

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Looking at the hourly, it could very well have just set in the beginning of a very deep V. Will depend on if the buyers start stepping in here

TecRecAg said:

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Hoping Monday is the start of something new. Yeesh.

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Seems to be a lot of prevailing thought this is the new norm until the election. Even seen some respected market gurus on twitter say it may go past the election and into December/Jan or even into the spring.

Orlando Ayala Cant Read said:

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TecRecAg said:

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Hoping Monday is the start of something new. Yeesh.

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Seems to be a lot of prevailing thought this is the new norm until the election. Even seen some respected market gurus on twitter say it may go past the election and into December/Jan or even into the spring.

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Well we might not know the election results until Dec/Jan so that makes sense... I wish I was kidding

Challenger 17 said:

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Think its prudent to sell ONTX with a 30% gain? Think it'll go back down to around .25 as typically happens after a run up?

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I trimmed small at .30 and .small again 35 today but maintained a decent position on it. I am riding house money on this one as I have traded this 3 times now over the past few weeks. May have left some on the table but I won't lose sleep on solid short term gains. I have a standing order in for the dip on this one. If it doesn't dip to that level then I am ok with it and will rest to a new bottom. There appears to be a lot of volume in at the .30+ level now so not sure if we see below .25 for a while but I must defer to OA on that.

FJ43 said:

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Challenger 17 said:

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Think its prudent to sell ONTX with a 30% gain? Think it'll go back down to around .25 as typically happens after a run up?

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I trimmed small at .30 and .small again 35 today but maintained a decent position on it. I am riding house money on this one as I have traded this 3 times now over the past few weeks. May have left some on the table but I won't lose sleep on solid short term gains. I have a standing order in for the dip on this one. If it doesn't dip to that level then I am ok with it and will rest to a new bottom. There appears to be a lot of volume in at the .30+ level now so not sure if we see below .25 for a while but I must defer to OA on that.

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I haven't looked but have you found any actual catalyst for today's move? Anything flying under the radar? Or just a likely correction up as we mentioned earlier in the thread?

Orlando Ayala Cant Read said:

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FJ43 said:

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Challenger 17 said:

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Think its prudent to sell ONTX with a 30% gain? Think it'll go back down to around .25 as typically happens after a run up?

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I trimmed small at .30 and .small again 35 today but maintained a decent position on it. I am riding house money on this one as I have traded this 3 times now over the past few weeks. May have left some on the table but I won't lose sleep on solid short term gains. I have a standing order in for the dip on this one. If it doesn't dip to that level then I am ok with it and will rest to a new bottom. There appears to be a lot of volume in at the .30+ level now so not sure if we see below .25 for a while but I must defer to OA on that.

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I haven't looked but have you found any actual catalyst for today's move? Anything flying under the radar? Or just a likely correction up as we mentioned earlier in the thread?

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I've seen this clinical trial referenced on some searches which started 6/29/2020 so maybe some good results coming?

Rigosertib trials - ONTX

Anybody in TRVN 2.5 calls expiring today, heads up, they just went ITM!!! Sell if you don't want to get assigned...

CreakinDeacon said:

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BREwmaster said:

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CreakinDeacon said:

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BREwmaster said:

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Prognightmare said:

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TxAG#2011 said:

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Bulls need to show up here fast

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I wouldn't be expecting them today.

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or next week at this rate. Tech sell off may have just started.

---

Tech is down ~12.5% in 12 trading sessions. I think the sell might be nearing a point of exhaustion, but who knows.

ETA:
AAPL is about to fill the 106.4 gap. Not a bad spot to possibly start building into a long position and add on further dips

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QQQ support was 267, now that is resistance. I have 263 and change as new support.

dead cat bounce now

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Looking at the hourly, it could very well have just set in the beginning of a very deep V. Will depend on if the buyers start stepping in here

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This could be quite the close...

Orlando Ayala Cant Read said:

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FJ43 said:

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Challenger 17 said:

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Think its prudent to sell ONTX with a 30% gain? Think it'll go back down to around .25 as typically happens after a run up?

---

I trimmed small at .30 and .small again 35 today but maintained a decent position on it. I am riding house money on this one as I have traded this 3 times now over the past few weeks. May have left some on the table but I won't lose sleep on solid short term gains. I have a standing order in for the dip on this one. If it doesn't dip to that level then I am ok with it and will rest to a new bottom. There appears to be a lot of volume in at the .30+ level now so not sure if we see below .25 for a while but I must defer to OA on that.

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I haven't looked but have you found any actual catalyst for today's move? Anything flying under the radar? Or just a likely correction up as we mentioned earlier in the thread?

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Nothing I sink my teeth into but chatter. They participated in several forums the past week or so and possible something has come from those but I don't see details/announcements anywhere.

Average 10 Day daily volume - 12.7M
Today's volume so far - 93M

What do you see, nothing I'm watching is giving me a hint of direction, and couple that with the rebalance........wild.

MBIO

Rocket!?

McInnis 03 said:

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What do you see, nothing I'm watching is giving me a hint of direction, and couple that with the rebalance........wild.

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A close over the previous hour's high could give way to a V bottom on the QQQ hourly. It all depends on the close. I'm seeing size call buyers on the late September and early October SPY and QQQ right now

zwhag2010 said:

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MBIO

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Good volume spike. Probably OA.....

Do you think the market has scared the gov't to stimulize?

CreakinDeacon said:

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McInnis 03 said:

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What do you see, nothing I'm watching is giving me a hint of direction, and couple that with the rebalance........wild.

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A close over the previous hour's high could give way to a V bottom on the QQQ hourly. It all depends on the close. I'm seeing size call buyers on the late September and early October SPY and QQQ right now

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So is your brother.

McInnis 03 said:

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Do you think the market has scared the gov't to stimulize?

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We'll see. Stories saying that Pelosi is getting heat from the moderates to get the smaller bill passed for the relief and stop trying to load it up with pet project bull*****

FJ43 said:

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zwhag2010 said:

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MBIO

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Good volume spike. Probably OA.....

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2:52 PM EST - "Mustang Bio Shares Spike, Up 6%: FDA Issues Orphan Drug Designation For Co's Drug For Treatment Of Severe Combined Immunodeficiency"