and go to purgatory? b/c this sure ain't heaven!Ragoo said:
Did we all die?
I said to sell SPY. Did you not see my chart?BREwmaster said:and go to purgatory? b/c this sure ain't heaven!Ragoo said:
Did we all die?
I had a wedge on SPY drawn up, it dumped out of that wedge below 388 and change. Granted it could climb back into it after hours or tomorrow a.m., but it looks pretty likely quite a bit more pain is coming.
or this is the greatest bear trap of all time.
next levels down are 3840 (3875 already hit), then 3800, then 3750 would be bottom of megaphone (that Adam Mancini drew up).
Sorry if this is a bit of a tangent, but something in this article caught my eye for a different reason:AG 2000' said:
For the Bitcoiners (and related stocks):
https://www.coindesk.com/bitcoin-traders-brace-for-record-6b-in-options-to-expire-friday
Quote:
The max pain theory states that the market will gravitate toward the pain point while heading into the expiry. That's because sellers typically institutions or sophisticated traders with ample capital supply often try to push the price toward the max pain point by buying or selling the asset on spot or futures markets.
...
Max pain is calculated by adding the outstanding put and call dollar value of each in-the-money (ITM) strike price.
Jet Black said:
I assume tech will come roaring back but when is the question.
Tomas Hermensa said:Jet Black said:
I assume tech will come roaring back but when is the question.
Or it could continue these big choppy swings until the big rug pull when all of these crazy p/e ratios come back to earth.
Brian Earl Spilner said:
I keep averaging down on ROKU but it just keeps dipping.
Tempted to buy more....thoughts?
Brian Earl Spilner said:
More so the latter. I keep thinking it's gotta pop to its previous ATH at some point this year. But I don't necessarily mind holding till next year.
CastleRock said:D2F1D0 said:
I wonder if the algo sell-off is just getting the point of taking people's stimulus checks? Feel like we are just getting that out of the way.
MM didn't like the perception or public responses to the GME squeaze.
I'm not an expert, but this view has been expressed several times here and it doesn't pass the sniff test. Hard to believe there's a cabal of market makers perfectly timing downturns to "drain stimmy checks" and then turn on the gas.
McInnis 03 said:
Cathie with a 1.2 mm share buy on PLTR
ag94whoop said:
I bought NXTD yesterday at 1.58 thinking that was a great buy
its 1.35 right now
I bought SOS 10 minutes ago thinking 6.20 was crazy low
its 6.12 now and still dropping
I have decided I need beer. (Should I invest in beer?? sounds promising)
Look through the statements. I didn't listen to his address but if what you posted is accurate, then that is signaling interest rate hikes way before 2023. That is what the market is pricing in.BlueTaze said:
Stocks hate Powell talking about the economy doing better than expected, and seeing a recovery sooner than expected.
Quote:
Wes****er Resources Pilot Program Achieves Production Milestone
11 Metric Tonnes of Battery-Grade Graphite Products Produced For Potential Customers
Definitive Feasibility Study on Schedule for Mid-Year Completion
Tomas Hermensa said:
Can't post west water without the Texags filters engaging. What's funny about that is we were such freaking animals 20+ years ago that it forced Brandon's hand into this.
