LOYAL AG said:DisAg said:
So what's the consensus? More sell off or rebound?
More sell off, IMO. I'll post a weekly S&P tomorrow before the baseball game but this week was basically a doji. Very slightly red but effectively we closed where we opened Monday. That generally means nothing is really decided in terms of direction.
Cappo said:
Sooo you'd have no access
ag94whoop said:LOYAL AG said:DisAg said:
So what's the consensus? More sell off or rebound?
More sell off, IMO. I'll post a weekly S&P tomorrow before the baseball game but this week was basically a doji. Very slightly red but effectively we closed where we opened Monday. That generally means nothing is really decided in terms of direction.
That's not what I wanted to hear
I'd be real surprised if we pulled back more next week. There was some real capitulation in a lot (most?) names today. and more in line with a steeper sell off than a 370 touch. Oil and some other stuff was propping spy up.DisAg said:
So what's the consensus? More sell off or rebound?
mpl35 said:I have no idea...but I have a good chunk of money (for me) going into an account.....so I hope it stays down or goes down more.DisAg said:
So what's the consensus? More sell off or rebound?
tv1113 said:
Scariest part of all of this, a lot of our stocks down 30-50%, however SPY has barely had a correction. Stocks being flushed easily right now at the slightest drop in the overall markets. It took the SPY ripping up 2% for my account to break even today. Almost every stock is just overreacting to the market selling off and all have the exact same patterns, almost nothing is bucking the trend.
Somebody needs to turn the buying buttons back on.
FishrCoAg said:mpl35 said:I have no idea...but I have a good chunk of money (for me) going into an account.....so I hope it stays down or goes down more.DisAg said:
So what's the consensus? More sell off or rebound?
You're a don't pass bettor at the craps table aren't you?
No apologies required on this thread. If anyone was 100% right, they'd own their own island and satellites. I believe that we will have some more down days but we might be rounding the corner.LOYAL AG said:ag94whoop said:LOYAL AG said:DisAg said:
So what's the consensus? More sell off or rebound?
More sell off, IMO. I'll post a weekly S&P tomorrow before the baseball game but this week was basically a doji. Very slightly red but effectively we closed where we opened Monday. That generally means nothing is really decided in terms of direction.
That's not what I wanted to hear
I didn't enjoy posting it if that makes you feel better? I said last night I think we see 3678 before we start climbing again. Today we touched 3730 then bounced hard off of there. I think we could see a small green candle next week that doesn't accomplish much but in the next three weeks I think we touch that 3678 or close.
Sorry. Hope I'm wrong!
ag94whoop said:LOYAL AG said:DisAg said:
So what's the consensus? More sell off or rebound?
More sell off, IMO. I'll post a weekly S&P tomorrow before the baseball game but this week was basically a doji. Very slightly red but effectively we closed where we opened Monday. That generally means nothing is really decided in terms of direction.
That's not what I wanted to hear
Just curious - what do you think "normal" is? I'm inclined to think the market hasn't been normal for a decade. Unprecedented growth.jj9000 said:
No, things will return back to normal. Valuations will matter again. We're just not there yet.
What you're seeing is frothing over anything that has a ticker. Once people lose their @sses on a REAL and extended pullback, either they'll be on the sidelines for good, or, they'll be too scared to put what little they still have into a Market that just handed them their @ss. The last week was a blip on the radar screen in relation to a legit downturn.
It all works...until it doesn't.
AgShaun00 said:
Anyone notice gbtc was less than BTC at closed. If that is true than loading more on Monday.
This. Nothing has changed because of a slight pullback. No, we haven't beaten inflation. And no, a bull market with stupid valuations doesn't last forever. A major recession is coming. Just not yet.jj9000 said:
No, things will return back to normal. Valuations will matter again. We're just not there yet.
What you're seeing is frothing over anything that has a ticker. Once people lose their @sses on a REAL and extended pullback, either they'll be on the sidelines for good, or, they'll be too scared to put what little they still have into a Market that just handed them their @ss. The last week was a blip on the radar screen in relation to a legit downturn.
It all works...until it doesn't.
Ok......CrazyRichAggie said:If it could move up a couple feet that would be great.oldarmy1 said:
GILD calls inching upward.
China consumers are about to lead the world in EV adoption, up from #11 to #2. They will easily take over the #1 slot this year and NIO's "local brand" appeal is off the charts. As for the charts, beyond the 8+ TRILLION dollars Friday, it also happened to flash below the long term Model T with a strong reversal.cageybee77 said:
I have read many "professional" analysts that have said they only use charts to confirm what they predict based on what is happening in the world (their perception) and consumer sentiment. What have you seen in the world - and the propensity to buy electric cars - going on right now that would lead you to believe that it's time to verify that with a look at the charts? Not challenging you- just tryna learn.
Do you think the April $40 calls would be a good play here?oldarmy1 said:
You see this volume reversal on a stock like NIO and you have a hard major support bottom set. Now the question becomes is the macro market sell off over or more to go? I see all the scenarios people are looking for but NIO should be a first in buy. Amazing volume, topped off by a 1.5M minute in the early afternoon.
It was my one large after hours purchase, having been away from the screens today. I watched the large sell candle at $38.50 and bought at $38.40 after seeing small time traders bailing in 8 share to 500 share trades. It worked for that institution driving out the weak. Then we had a 60k share buying spree the last 5 minutes of after hours trading.
The set up looks like immediate continuation but if the macro markets have any selling into a double bottom retest that left side daily pattern, I am willing to wager another steak and lobster dinner, will NOT extend beyond Model T pullback.
I haven't pulled up any other charts but will look for my Top 5 and post similar chart findings. As for NIO? Not a single time has it not made a 35% ADDITIONAL trend move upward after posting a 200M+ buy side share day. Not a single time. I like those odds.
It is the nature of macro markets seizing control on heavy retail owned shares combined with shorts exaggerating the effect.cageybee77 said:
So why, in your opinion, has the price dropped so much? Lack of confidence? Profit taking? If it's the former - that's hard to understand unless the car makers are losing money on each sale. If it's the latter, then the chart makes more sense (to me) as it would indicate that those who wanted to take a profit are"finishing"? I suppose it could be that buyers still must at some point decide what the cost of a share of stock should be - and perhaps many have concluded that even if NIO is successful, the price is to high.
I flipped to shares as described on here and outlined the strategy in shorter form just now on twitter.StrawberryFields said:Do you think the April $40 calls would be a good play here?oldarmy1 said:
You see this volume reversal on a stock like NIO and you have a hard major support bottom set. Now the question becomes is the macro market sell off over or more to go? I see all the scenarios people are looking for but NIO should be a first in buy. Amazing volume, topped off by a 1.5M minute in the early afternoon.
It was my one large after hours purchase, having been away from the screens today. I watched the large sell candle at $38.50 and bought at $38.40 after seeing small time traders bailing in 8 share to 500 share trades. It worked for that institution driving out the weak. Then we had a 60k share buying spree the last 5 minutes of after hours trading.
The set up looks like immediate continuation but if the macro markets have any selling into a double bottom retest that left side daily pattern, I am willing to wager another steak and lobster dinner, will NOT extend beyond Model T pullback.
I haven't pulled up any other charts but will look for my Top 5 and post similar chart findings. As for NIO? Not a single time has it not made a 35% ADDITIONAL trend move upward after posting a 200M+ buy side share day. Not a single time. I like those odds.
Thanks, this is a great strategy!oldarmy1 said:I flipped to shares as described on here and outlined the strategy in shorter form just now on twitter.StrawberryFields said:Do you think the April $40 calls would be a good play here?oldarmy1 said:
You see this volume reversal on a stock like NIO and you have a hard major support bottom set. Now the question becomes is the macro market sell off over or more to go? I see all the scenarios people are looking for but NIO should be a first in buy. Amazing volume, topped off by a 1.5M minute in the early afternoon.
It was my one large after hours purchase, having been away from the screens today. I watched the large sell candle at $38.50 and bought at $38.40 after seeing small time traders bailing in 8 share to 500 share trades. It worked for that institution driving out the weak. Then we had a 60k share buying spree the last 5 minutes of after hours trading.
The set up looks like immediate continuation but if the macro markets have any selling into a double bottom retest that left side daily pattern, I am willing to wager another steak and lobster dinner, will NOT extend beyond Model T pullback.
I haven't pulled up any other charts but will look for my Top 5 and post similar chart findings. As for NIO? Not a single time has it not made a 35% ADDITIONAL trend move upward after posting a 200M+ buy side share day. Not a single time. I like those odds.
You need to see how much resistance it has at the $128.75 area. Break that and it cruises to $136 area to complete a cup.
