DubFalls said:

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I don't know that we are in the top, the 2000 and 2008 bubbles went far longer than anyone thought it could.

I just think we are in one. It might be 2 years before anything comes of it.

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I'm with you. We are in a bubble. It will burst. Question is tomorrow or 2023. All depends on policy.

$BHC - want to pick up on a 21 touch ($32) and I want to take it to 35+

Couple of market things.

$PCALL - look at what happens lately when the 200 SMA gets breached

$SKEW - back into a territory where we have rallied. I would like to see this <130

$TLT - technically, this has a reversal close above the high of the low bar. Watch TLT this week. if TLT is up, stocks are probably going with it.

$OKE - this has reverted to the mean and I believe this will enter a squeeze soon. Shares play. Possible to buy and sell ATM 48.5C for $1.30. That's a 6% trade within a week if assigned. Really not much premium on the put side, so market makers think this is going up.

Do you guys not see the Biden tax plan. It's not going to be good for the markets. I'm not terribly bullish the next 12-18 months. Derisking some and freeing up capital on any bounces this coming week if I can. Something isn't right and the dems are doing their best to cause inflation and lower prices.

$TJX - the ultimate re-open trade. Scale out the timeline and tell me if you see the goal posts? I think this is gonna go. Lots of premium, increasing IV.

$V quite the move here on DOJ probe news of their debit card business(wish I had $1M in puts on Friday!!!). Don't catch a falling knife, but expect a bounce at the 200. This is a fundamentally good company that is at zero risk of anything happening to them. Look for signs of reversal, and buy. At current prices, model T is $217.50. That's a pretty healthy move. Still lots of premium, so if you can't play shares, you'll probably need to do a vertical.

DubFalls said:

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I don't know that we are in the top, the 2000 and 2008 bubbles went far longer than anyone thought it could.

I just think we are in one. It might be 2 years before anything comes of it.

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Which for us newbs, makes position sizing of utmost importance. Even though my account is small. I plan to trade much smaller and tighter over the next few months at least. Try to snag lots of singles and set pretty tight stops so I don't carry losers over night much. Try a few more intraday scalps as well to get in and out quick.

$EMR - lots of stuff is going to get built and I really don't see demand for electrical components diminishing. Notice volume goalposts?

Hendrix said:

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Do you guys not see the Biden tax plan. It's not going to be good for the markets. I'm not terribly bullish the next 12-18 months. Derisking some and freeing up capital on any bounces this coming week if I can. Something isn't right and the dems are doing their best to cause inflation and lower prices.

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I'm assuming you mean lower equity prices. Inflation benefits nobody, so while I don't agree with much of the dem policies, I don't think they're trying to make goods more expensive. That hurts their base more than anyone.

re: taxes, it sucks, but I already pay 37% + 3.8% surtax. I don't want to pay 39.6 + 3.8%, but it's not going to stop me from investing.

$30,000 Millionaire said:

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$BHC - want to pick up on a 21 touch ($32) and I want to take it to 35+

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I appreciate you and FJ's charts very much. Any chance you could take at look at NXTD?

I'm in this with you guys. It looks great for a move higher. Target $2.25

Hendrix said:

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Do you guys not see the Biden tax plan. It's not going to be good for the markets. I'm not terribly bullish the next 12-18 months. Derisking some and freeing up capital on any bounces this coming week if I can. Something isn't right and the dems are doing their best to cause inflation and lower prices.

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I don't think any of that garbage passes. Dems are accomplishing nada in their honeymoon and burning through goodwill. But regardless - where are you gonna put your money? 1.7% bond? Bitcoin at 65k plus? Under a mattress?

Staying in cash during hyper-inflation is absurd. The market is still superior to all other options (except some types of real estate). It's a rocky sea to be sure, but the options are limited.

This is one we don't usually trade, I think OA found a setup once, but this looks pretty good.

Ragoo said:

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CrazyRichAggie said:

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I don't have pretty charts yet, but I will cook and provide the food at the first in person meeting.

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I could arrange as host for about 10-11 or so.

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Are you in the DFW area?

CrazyRichAggie said:

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Ragoo said:

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CrazyRichAggie said:

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I don't have pretty charts yet, but I will cook and provide the food at the first in person meeting.

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I could arrange as host for about 10-11 or so.

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Are you in the DFW area?

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I live in Houston but have a place south of seguin that could host a weekend.

I've hosted college buddies for a game each of the last 2 years and most likely will again this year.

Ragoo said:

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CrazyRichAggie said:

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Ragoo said:

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CrazyRichAggie said:

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I don't have pretty charts yet, but I will cook and provide the food at the first in person meeting.

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I could arrange as host for about 10-11 or so.

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Are you in the DFW area?

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I live in Houston but have a place south of seguin that could host a weekend.

I've hosted college buddies for a game each of the last 2 years and most likely will again this year.

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It's a good spot

gougler08 said:

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Ragoo said:

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CrazyRichAggie said:

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Ragoo said:

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CrazyRichAggie said:

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I don't have pretty charts yet, but I will cook and provide the food at the first in person meeting.

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I could arrange as host for about 10-11 or so.

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Are you in the DFW area?

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I live in Houston but have a place south of seguin that could host a weekend.

I've hosted college buddies for a game each of the last 2 years and most likely will again this year.

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It's a good spot

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gougler, you work for RDS correct? I worked at WCK for a few years back in 2012.

CrazyRichAggie said:

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gougler08 said:

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Ragoo said:

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CrazyRichAggie said:

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Ragoo said:

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CrazyRichAggie said:

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I don't have pretty charts yet, but I will cook and provide the food at the first in person meeting.

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I could arrange as host for about 10-11 or so.

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Are you in the DFW area?

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I live in Houston but have a place south of seguin that could host a weekend.

I've hosted college buddies for a game each of the last 2 years and most likely will again this year.

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It's a good spot

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gougler, you work for RDS correct? I worked at WCK for a few years back in 2012.

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Yep I'm at WCK (whenever we go back)...been out there since 2017. You still with RDS or someone else now?

CPDAggie10 said:

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$30,000 Millionaire said:

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$BHC - want to pick up on a 21 touch ($32) and I want to take it to 35+

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I appreciate you and FJ's charts very much. Any chance you could take at look at NXTD?

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NXTD - In this with you as well and a decent amount of shares. Building more each week.

Some charts for you. Just my 2 cents anyway.

Hourly

This is an approach I have taken with this one since I have the time, alerts are my friend and has been predictable.

You will see I have an alert set at $1.61. When it falls below I look to see what the action is and then try and buy in the $1.50s. Note the consolidation channel. I then sell those trading shares in the $1.70/.80s keeping the net free and moving to another account to sell covered calls against.



Daily

Was consolidating in the $1.12-1.40s range. Now moved up to the $1.50-1.70s range. 8, 21 & 50 day are all very close together and the Bollinger Bands are beginning to tighten. Technically I would expect to see a move to $2.15+ and possibly consolidate at a new level as this tightens.



Daily ATR

Right now just below the mean. Tested it Friday but didn't recover it. I think we will see this have a day back to $1.70/80s soon for another round of selling trading shares.




I like this one and how it has been holding up through market volatility. IV is high so selling calls against shares is still lucrative. Can buy shares in the $1.50/60 range and sell April $1.50s for .40/.45 or the $2.00 for .25/.30. Short time frame to lock in gains (buy back on spikes for me) to reduce cost well below support. Go out a month and the premiums are even higher.

Ragoo said:

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CrazyRichAggie said:

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Ragoo said:

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CrazyRichAggie said:

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I don't have pretty charts yet, but I will cook and provide the food at the first in person meeting.

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I could arrange as host for about 10-11 or so.

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Are you in the DFW area?

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I live in Houston but have a place south of seguin that could host a weekend.

I've hosted college buddies for a game each of the last 2 years and most likely will again this year.

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Right up the road from the hometown of Gonzales

LAZR

This one looks good to me.

If you are in the 4/16 32.50C from my original post then you should be well up and I think looking good for continuation back towards MT of around $34 well ITM.

I could see this one breaking out again soon when the 5/8&21 cross the 50.

Look at volume Friday and recovery of 5/8/21 & 50.

DM

Anyone in this? Volume and pattern hard to ignore. Might look at May 25c for around $2. April $25 are $0.80ish.

I ended up getting assigned on my LAZR shares for the $30Cs I sold. I'll look for a re-entry.

Is Huntman / HUN on anyone's radar?

Anyone have thoughts on $AAL? Sure looks like what was explained in the seminar as a goal post. I got in on a couple JUN 18 $30 calls early last week.

Also went with a couple $MGM JUN 18 $55 calls.

Really hoping these plays work out, as they're the first options I've researched and chosen for myself.

Also, any thoughts on $FST being a $15 stock by July? Sure seems like the Landry's Corp should be valued higher than $12-13 per share when things move back to fully operational. Also hearing there is more push for Texas gambling legalization.

Thanks for hearing me out... I'll hang up and listen.

$PDD is at an important level. It is potentially forming a double bottom with macro support from December. The far left arrow is a bounce off the 50 dma at $129. Next arrow was a bottom at $137. The third arrow was a bottom at $136. I'll watch to see if it bounces off the $136/137 area. If not, $129 is the last stand before at gap fill down to $100.

A couple of notes from my experiences that likely won't amount to much...
Fubo....been a subscriber for a year now...all about sports but only 1 channel with March madness. ONE! JUST CBS.
ANd I've been to Vegas for March madness and it's awesome. If you're focused on betting in game on their platform they HAVE to change this!
Quick fishing trip to tyler area this weekend. Stayed at marriott chain. Hotel was sold out! Restaurants were packed! Good for hotels obviously but I am getting more and more convinced that market has SOME of this recovery priced in but I think not enough with what I've seen around houston and on this trip. Once other states open up it's gonna be game freaking on

FJ43 said:

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DM

Anyone in this? Volume and pattern hard to ignore. Might look at May 25c for around $2. April $25 are $0.80ish.

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Like it a lot long term but this is a tough market for it right now. High valuation and little in the way to show for it at this time. It's a big Cathie Woods holding.

fastgreens said:

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Anyone have thoughts on $AAL? Sure looks like what was explained in the seminar as a goal post. I got in on a couple JUN 18 $30 calls early last week.

Also went with a couple $MGM JUN 18 $55 calls.

Really hoping these plays work out, as they're the first options I've researched and chosen for myself.

Also, any thoughts on $FST being a $15 stock by July? Sure seems like the Landry's Corp should be valued higher than $12-13 per share when things move back to fully operational. Also hearing there is more push for Texas gambling legalization.

Thanks for hearing me out... I'll hang up and listen.

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Why would you go so far out of the money? AAL has to increase by more than 20% for your option to be ITM, and MGM has to increase almost 35%.

trip98 said:

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A couple of notes from my experiences that likely won't amount to much...
Fubo....been a subscriber for a year now...all about sports but only 1 channel with March madness. ONE! JUST CBS.
ANd I've been to Vegas for March madness and it's awesome. If you're focused on betting in game on their platform they HAVE to change this!
Quick fishing trip to tyler area this weekend. Stayed at marriott chain. Hotel was sold out! Restaurants were packed! Good for hotels obviously but I am getting more and more convinced that market has SOME of this recovery priced in but I think not enough with what I've seen around houston and on this trip. Once other states open up it's gonna be game freaking on

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We drove from SA to DFW today. Buccees was insane. I don't think I've ever seen it that packed, except for maybe 4th of July 2019. It was quite insane in the parking lots. Definitely feels like way more people are out and about.

35 still blows.