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FJ43
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MAW_7563 said:

Really excited to see a lot of my stocks being sold at a discount!
I've bought a little on some of these like longer terms MAs like WWR. SNDL is a trade for me and I trade it out at resistance and move the net free portion into another account. I quit just sitting on these (SNDL types) in my trading account and will try and repeat the same again.
BrokeAssAggie
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Well same can be said for dying of Covid.
Ragoo
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AG
CrazyRichAggie said:

Well same can be said for dying of Covid.
okay? Cant die from it if you don't have it. Could die from it if you do. My bet is to error on the side of the former.
tailgatetimer10
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AG
Are we seriously having this conversation here?
FJ43
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BTC 63k
Rice and Fries
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Inflation up 0.6% from last month. Expectation was 0.5%
Bob Knights Paper Hands
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While SPY daily volume the past 5 trading days is less than the previous three weeks, it hasn't continued to dwindle. Yesterday was more than 50 million and Friday was more than 60 million. It seems a bit overextended to me, but it could run along this top BB line for a month before coming back down. Half of my May and June SPXS call orders filled last week, I guess I had them priced a bit higher than I thought. I'm continuing to pare back when I get opportunities and will get in on SPY puts and more SPXS calls when SPY dips below the 1.44-sigm BB.
ProgN
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Rice and Fries said:

Inflation up 0.6% from last month. Expectation was 0.5%
Annndd, that's a bull**** number anyway. Look at lumber, metals, etc, inflation is here and going to get even worse.
McInnis 03
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AG
Prognightmare said:

CrazyRichAggie said:

https://www.nytimes.com/2021/04/13/us/politics/johnson-johnson-vaccine-blood-clots-fda-cdc.html
I believe J&J was trying to get approval to put their crap into kids 12-16. Yeah, my kid will. Not be getting this vaccine.
I have a child who has had strokes, probably close to 10. I trust the virus more than I trust these vaccines. She's 8.

Back to stonks.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
McInnis 03
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AG
BTW, as tictoctick would say........4105 held, hard to be bearish.......but lets see what happens if we come back to it again......currently 4120
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
ag94whoop
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AG
man, at some point the high beta stuff has to actually stop falling right? LOL
GreasenUSA
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AG
So 6 cases in 7 Million J&J shots resulted in blood clots. 1 person died. Really not sure what the FDA is thinking here.

Oh right, there's that "abundance of caution" phrase again.

austinAG90
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AG
Tuesday Macros

Suspension Roils Markets..10 Yr Rallies...Stocks Slump.Reversing Overnight

We had just outlined the morning commentary... 10 years hit 1.70 overnight and stocks were rallying marginally, when we got the J+J news that the CDC and US Government were suspending vaccinations due to blood clots...we do not know the longer term effects of this and how quickly it will be reinstated, but markets have reversed their overnight move....we still believe the CPI number this morning will be meaningful and the long bond auction will struggle, but it is hard to judge the next move in the short term...

What we do know is that 10 years hit 1.70 overnight, meaning there is little Japanese participation... And the inflation issue is more than just a transitory issue...we still believe 2% 10 years is in the cards... And we noticed in the latest Bank America Global Fund survey for April showed a taper tantrum as the top tail risk by 32% of the participants.... We also saw a detailed analysis by JPM's Kolvanic of a bullish move in the S+P to 4400 this year... The median prediction in BB is 4100 with both Citi and BoA predicting year end of 3800...Kolvanic goes on to say that as long as 10 years do not breach the 2.5% level equities will be a good performing asset... We don't agree, but today is not the day to talk about year end until we know more about J+J, Inflation, and the real demand for treasuries...

Rates... Even with the J+J, we think rates will continue to probe to higher yields. There could be a downward move in yield, but we think the 1.77 level of 10 years will be challenged as the inflation fears will accelerate, along with significant growth in nonfarm....as for today. 1.77 and 1.62... The belly will be under pressure.

China's Huarong Finance, a Baa1/A rated bonds is under dire stress... The 3.375 of 2022 dollar bonds got slaughtered overnight going to over 30% yields... The 5 years hit 11%... There is talk that this government backed bond may file for protection... The Chairman was found guilty and executed...

This would have been a choppy day with CPI and the long bond auction... Add in the J+J uncertainty and it makes it a difficult one to handicap...
ProgN
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MVIS is getting close to my buy area.
McInnis 03
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AG
I swung TSLA and NVDA overnight.....come on NVDA, help me out.


***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
cageybee77
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AG
Welp - I'm ignorant but it seems logical that in an uncertain and overbought (for many stocks) environment that investors would begin to shy away from stocks of companies that aren't profitable . Of course, applying logic to a market that is often largely driven by emotion is probably a mistake.
azul_rain
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Science is for nerds
Irish 2.0
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cageybee77 said:

Welp - I'm ignorant but it seems logical that in an uncertain and overbought (for many stocks) environment that investors would begin to shy away from stocks of companies that don't make money. Of course, applying logic to a market that is often largely driven by emotion is probably a mistake.
There is nothing logical about the market in it's current state. That's why 95% of my trades are based on technical analysis and not fundamentals these days. Trading the news currently will kill your account.

My suggestion:
Use those squiggly lines on your charts and stop following so many gurus on Twitter.


ETA:
Not directed at you cagey. Just an overall observation on my part given I see a lot of people heavy in MOMO
Charismatic Megafauna
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AG
Prognightmare said:

MVIS is getting close to my buy area.

"Reckless Abandon" territory for me
Have i missed something about the pentagon contract's benefit to mvis? Is msft using someone else's hololens to fill the contract?
Carlo4
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AG
And very quietly QQQ hit an all time high just now
Ragoo
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AG
For $30k

Charismatic Megafauna
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AG
ag94whoop said:

man, at some point the high beta stuff has to actually stop falling right? LOL

If it's a high beta pharma the answer is no, they can dilute and reverse split over and over, getting ever closer to 0 without ever actually getting there
FTAG 2000
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AG
NRD09 said:

Prognightmare said:

MVIS is getting close to my buy area.

"Reckless Abandon" territory for me
Have i missed something about the pentagon contract's benefit to mvis? Is msft using someone else's hololens to fill the contract?


No Mvis was tied to that.

It seems like anyone in the growth sector with big news of late is getting hammered by shorts (mvis, nnox, rblx).

Trying to make sense of the mvis drop myself, makes no sense.
McInnis 03
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AG
Everyone and their brother knows 714 is a pretty pivotal spot for TSLA.....its' sitting RIGHT on it right now.......watching the quick couple point jump at open and then huge selloff only becaues I'm holding 700c and 720c at the moment.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
FJ43
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McInnis 03 said:

Everyone and their brother knows 714 is a pretty pivotal spot for TSLA.....its' sitting RIGHT on it right now.......watching the quick couple point jump at open and then huge selloff only becaues I'm holding 700c and 720c at the moment.
Are you selling the 720 weekly at any spike on open? I planned on it as I think we have some degree of cool off this week and OpEx friday.
ag94whoop
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NRD09 said:

ag94whoop said:

man, at some point the high beta stuff has to actually stop falling right? LOL

If it's a high beta pharma the answer is no, they can dilute and reverse split over and over, getting ever closer to 0 without ever actually getting there
i was referring to TLRY, DPW and WWR but yeah pharma is same boat.

I keep seeing people talking about making big premiums on these stocks in options but I only see total crap premiums. So I am not sure if my system reports different numbers or if they are trading way way way out.
McInnis 03
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AG
FJ43 said:

McInnis 03 said:

Everyone and their brother knows 714 is a pretty pivotal spot for TSLA.....its' sitting RIGHT on it right now.......watching the quick couple point jump at open and then huge selloff only becaues I'm holding 700c and 720c at the moment.
Are you selling the 720 weekly at any spike on open? I planned on it as I think we have some degree of cool off this week and OpEx friday.
Dunno. It'd probably be the smart thing to do.......i rarely do the smart thing.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
$30,000 Millionaire
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AG
Nice. I sold my 4/16s on Friday at break even. Hopefully this goes to the moon.
You don’t trade for money, you trade for freedom.
Irish 2.0
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FJ43 said:

McInnis 03 said:

Everyone and their brother knows 714 is a pretty pivotal spot for TSLA.....its' sitting RIGHT on it right now.......watching the quick couple point jump at open and then huge selloff only becaues I'm holding 700c and 720c at the moment.
Are you selling the 720 weekly at any spike on open? I planned on it as I think we have some degree of cool off this week and OpEx friday.
Confirming 719 is what opens TSLA up for a huge MP. Reclaiming and closing over the 50DMA wil be huge.
FJ43
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Irish 2.0 said:

FJ43 said:

McInnis 03 said:

Everyone and their brother knows 714 is a pretty pivotal spot for TSLA.....its' sitting RIGHT on it right now.......watching the quick couple point jump at open and then huge selloff only becaues I'm holding 700c and 720c at the moment.
Are you selling the 720 weekly at any spike on open? I planned on it as I think we have some degree of cool off this week and OpEx friday.
Confirming 719 is what opens TSLA up for a huge MP. Reclaiming and closing over the 50DMA wil be huge.
That is what I would regret. Selling at open, have it close above 919 today, then fly tomorrow.
bmoochie
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AG
I have tried to learn and play with said squiggly lines on the charts and I'm slowly getting it. Is it safe to say when they are trading above the moving averages that it's bullish and the opposite is bearish? Trying to expand on exactly what I am seeing with those and how to play them.

This is the type of info I love on this board. Lot of information brought to it to learn at your own pace.
FJ43
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WWR in the 4.80s

Gift IMO
McInnis 03
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AG
TSLA doing what it can to confirm......
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
FJ43
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McInnis 03 said:

TSLA doing what it can to confirm......
What levels do you show from here?
FJ43
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Fruit
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