FJ43 said:

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30k PLEASE don't ask your question.

Sincerely,

TexAgs Traders

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it's the day before a holiday weekend. gonna be boring.

Yeah I saw that. All about the open tomorrow. I made some nice returns on that last 10 minute with luck of timing so I am not at all mad about it.

POWW looking ripe for a move

So general question, especially for the the advanced chart guys.

Seeing how Dick's ($DKS) crushed earnings and weirdly and logically enough went rocket man. Do we see potential for $ASO to do anything with earnings coming on June 8th?

I was reading where Dick's specifically referenced a return of team sports leagues. Between that and the ammo pouncing as they are getting more available, I know I've dropped some dollars at Academy lately.

They just don't have the national footprint Dick's does.

Prognightmare said:

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POWW looking ripe for a move

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Yes entered Jun 7.5 calls a while back and they immediately hit and I mismanaged and held back to a loss... rolled those to Jul and now feel pretty good about it.

CRM with quite the move AH. Wonder if it sticks.

So does getting added to the MSCI index matter much for clov?

These bears continue to pump the shorts on it.

Tomas Hermensa said:

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Can we officially call the daily WWR candle a green hammer? Our resident expert is in Mexico and I'm not sure who is looking after Gertrude.

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sure why not! there was 3 big volume bars on the day, all 3 roughly 1 mil share buys. I don't think they show up in the daily volume, maybe dark pool.

volume bars not candles, sorry brain fried.

Has TMBR been mentioned on here?

SPY & Qs

IMO.....last week or so charts look almost like twins.

• More consolidation.
• Past 4 days about same in volume.
• SPY looks to have good support above 414.
• Qs really needs to stay above 332 or 329/330 then 324 are back in play.
• Qs I am watching for an H&S as marked. Call me cautious but 336-338ish may give us something to know short term.
• SAR still positive
• MACDs still crossing

My guess lower volume again tomorrow, more consolidation but maybe the range is wider. Could see little pushes higher and maybe lower than today. Pretty narrow ranges past few days.

If it wasn't before the holiday weekend I might be more bullish on tomorrow after they have been bull flagging for a few days.

BlueTaze said:

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194,000 AMC $40 calls June 18

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$30,000 Millionaire said:

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$WWR should hit at least $5.38

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That would be great! I hope you are right. We have a couple of pivots and several big MAs to work through.

I'd really feel good about closing my options before we cycle back down again. I'd be 100% net free at that point. That all happens close to your $5.38 mark.

BlueTaze said:

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194,000 AMC $40 calls June 18

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I think there were a bunch of 35's and 38's today too for tomorrow expiration, lol

BREwmaster said:

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Tomas Hermensa said:

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Can we officially call the daily WWR candle a green hammer? Our resident expert is in Mexico and I'm not sure who is looking after Gertrude.

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sure why not! there was 3 big volume bars on the day, all 3 roughly 1 mil share buys. I don't think they show up in the daily volume, maybe dark pool.

volume bars not candles, sorry brain fried.

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How can you see volume on the dark pool and why won't it show up in daily volume? I am familiar with the dark pool but not with how the volume flows on that?

IWM

Probably should add this one....

Solid big move today.
Hit resistance.
Volume similar past 4 days
MACD cross
SAR positive

If I were scalping this tomorrow and had to make a plan A....

I would watch the open, see the range and potentially be looking to scalp puts somewhere into the gap. Maybe 224P or something. Think somewhere in that gap needs to be back tested/filled at some point.

Wouldn't enter that Plan A without watching opening action though.

CrazyRichAggie said:

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Has TMBR been mentioned on here?

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Another one I mismanaged by not selling on that giant green bar a while back.

CrazyRichAggie said:

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Has TMBR been mentioned on here?

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I think I looked at this one a while back.

CrazyRichAggie said:

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Has TMBR been mentioned on here?

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This one may need some help IMO.
Volume still lower.
Rejected at first real resistance today.
Next one not far up.

Could see traders getting capital back and/or taking profits at the volume shelf top. Who knows it could rip.

Great volume on crwd going into the close

Do any of you guys ever have any luck getting lotto debit spreads filled on the super cheap? For example earlier today for NIO a June 18 $60/$70 call debit spread had a $0.01 difference in strike price. Not that this is a good investment, but just curious if it is a waste of time to try to get something like that filled.

Mr President Elect said:

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Do any of you guys ever have any luck getting lotto debit spreads filled on the super cheap? For example earlier today for NIO a June 18 $60/$70 call debit spread had a $0.01 difference in strike price. Not that this is a good investment, but just curious if it is a waste of time to try to get something like that filled.

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you have to buy the legs independently for plays like that.

JDTxAg98 said:

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So general question, especially for the the advanced chart guys.

Seeing how Dick's ($DKS) crushed earnings and weirdly and logically enough went rocket man. Do we see potential for $ASO to do anything with earnings coming on June 8th?

I was reading where Dick's specifically referenced a return of team sports leagues. Between that and the ammo pouncing as they are getting more available, I know I've dropped some dollars at Academy lately.

They just don't have the national footprint Dick's does.

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this isn't a chart thing. earnings are binary and it's difficult to predict what causes a skyrocket or a falling knife.

For earnings, you should either play the expected move, which is selling premium or you should plan for an outsized move that will exceed the IV crush.

I tend to think SPY hits the top of the wedge and QQQ takes out ATH or at least tests them before the fall.

Aggiesincebirth said:

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BREwmaster said:

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Tomas Hermensa said:

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Can we officially call the daily WWR candle a green hammer? Our resident expert is in Mexico and I'm not sure who is looking after Gertrude.

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sure why not! there was 3 big volume bars on the day, all 3 roughly 1 mil share buys. I don't think they show up in the daily volume, maybe dark pool.

volume bars not candles, sorry brain fried.

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How can you see volume on the dark pool and why won't it show up in daily volume? I am familiar with the dark pool but not with how the volume flows on that?

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My understanding is that these usually show up as big 1-minute volume bars at the close or open, usually with little price movement compared to the huge volume.

I could be completely wrong here, so I'd appreciate some of the others confirm or deny that.

Aggiesincebirth said:

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BREwmaster said:

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Tomas Hermensa said:

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Can we officially call the daily WWR candle a green hammer? Our resident expert is in Mexico and I'm not sure who is looking after Gertrude.

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sure why not! there was 3 big volume bars on the day, all 3 roughly 1 mil share buys. I don't think they show up in the daily volume, maybe dark pool.

volume bars not candles, sorry brain fried.

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How can you see volume on the dark pool and why won't it show up in daily volume? I am familiar with the dark pool but not with how the volume flows on that?

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I have a free, but useful app on my phone (My Stocks Portfolio). It usuall shows dark pool buys. I looked at WWR's volume for today and it was a small fraction of what those buys totaled.

FWIW, I also checked tradingview, they don't show up there, but they do show up in the above app I'll upload a screenshot if you all like.

$30,000 Millionaire said:

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I tend to think SPY hits the top of the wedge and QQQ takes out ATH or at least tests them before the fall.

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At least in terms of how I have it drawn, ballparking, that's between 426-435 on SPY and 360-380 on Qs depending on how long they travels the length of the wedge.

$30,000 Millionaire said:

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I tend to think SPY hits the top of the wedge and QQQ takes out ATH or at least tests them before the fall.

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I guess around 423 for Spy and 342 on Qs we will get to see continuation or double tops.

I think we are at least setup for a decent June and maybe into July. Depending on how the political landscape remains.

Tomas Hermensa said:

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Aggiesincebirth said:

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BREwmaster said:

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Tomas Hermensa said:

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Can we officially call the daily WWR candle a green hammer? Our resident expert is in Mexico and I'm not sure who is looking after Gertrude.

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sure why not! there was 3 big volume bars on the day, all 3 roughly 1 mil share buys. I don't think they show up in the daily volume, maybe dark pool.

volume bars not candles, sorry brain fried.

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How can you see volume on the dark pool and why won't it show up in daily volume? I am familiar with the dark pool but not with how the volume flows on that?

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My understanding is that these usually show up as big 1-minute volume bars at the close or open, usually with little price movement compared to the huge volume.

I could be completely wrong here, so I'd appreciate some of the others confirm or deny that.

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My understanding as well. Block buys from earlier in the day at close. Not sure how it all works as they seem to be close to the closing price.

I'm just so confused why it won't show up in the volume. I definitely believe you just think it's wild that it won't show up in any of the volume...

Aggiesincebirth said:

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I'm just so confused why it won't show up in the volume. I definitely believe you just think it's wild that it won't show up in any of the volume...

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I don't know this to be accurate but what I have heard, the sell is booked/transacted at the end of the day which is why large volume candles on final minute. Possibly negotiated blocks of shares transacted at close.

Again don't know if that is true. Someone else on here probably does though.

Would definitely be interesting to know for the class, as volume seems to be the primary indicator that we look at. It would put alerts up to keep these in kind as they occurred.