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$30,000 Millionaire
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In reply to FJ43 • 8:18p, 6/21/21
AG
FJ43 said:
$30,000 Millionaire said:
Here's what tic thinks.



I guess that's close to my take with exception of I'm a little lower on being mid 423s being the line to recover

Not sure of exacts but I don't have a lot of support at 408. I see 405/6 being possible but 395-8 more likely should we not have continuation.

But that's my redneck version and thoughts anyway.


I agree. My target is 4000.
You don’t trade for money, you trade for freedom.
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tam2002
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In reply to Aggie118 • 8:22p, 6/21/21
AG
Aggie118 said:
cmk10 said:
Need more volume each day. Not good.


So would it be wise to get out and reinvest somewhere else?


When OA pounds the table for a stock I've finally learned to listen. I'm not going anywhere on WWR or ELOX. Only adding when the opportunity arises like today
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Philip J Fry
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In reply to RenoAg • 8:36p, 6/21/21
AG
RenoAg said:
Aggie118 said:
Where are we at with WWR as a mass accumulation?


Last I heard this group was working on obtaining a board seat. Lol. No shortage of WWR shareholders here. I've been slowly and regularly accumulating more shares myself.


I'm up to 7200 shares.or was. Will probably buy more at the end of the week.
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FishrCoAg
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In reply to Aggie118 • 8:37p, 6/21/21
AG
Aggie118 said:
cmk10 said:
Need more volume each day. Not good.


So would it be wise to get out and reinvest somewhere else?


Nope
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Philip J Fry
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In reply to tam2002 • 8:37p, 6/21/21
AG
tam2002 said:
Aggie118 said:
cmk10 said:
Need more volume each day. Not good.


So would it be wise to get out and reinvest somewhere else?


When OA pounds the table for a stock I've finally learned to listen. I'm not going anywhere on WWR or ELOX. Only adding when the opportunity arises like today


Do you have a link for that pounding? I read it once, but haven't been able to find it.
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FishrCoAg
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8:39p, 6/21/21
AG
After getting called out, I do not have a position in MARA for the first time in a long time. Trying to find a reason not to sell some puts, since it has been VERY good to me
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BrokeAssAggie
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In reply to Philip J Fry • 8:42p, 6/21/21
Philip J Fry said:
tam2002 said:
Aggie118 said:
cmk10 said:
Need more volume each day. Not good.


So would it be wise to get out and reinvest somewhere else?


When OA pounds the table for a stock I've finally learned to listen. I'm not going anywhere on WWR or ELOX. Only adding when the opportunity arises like today


Do you have a link for that pounding? I read it once, but haven't been able to find it.


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BrokeAssAggie
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8:44p, 6/21/21
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FJ43
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In reply to Philip J Fry • 8:44p, 6/21/21
Philip J Fry said:
tam2002 said:
Aggie118 said:
cmk10 said:
Need more volume each day. Not good.


So would it be wise to get out and reinvest somewhere else?


When OA pounds the table for a stock I've finally learned to listen. I'm not going anywhere on WWR or ELOX. Only adding when the opportunity arises like today


Do you have a link for that pounding? I read it once, but haven't been able to find it.

Try using the search function by WWR, then forum, and then OA. He's posted numerous times his view on WWR over the past numbers of months. Longer term hold with $15+ PT.

Work the system with lower support level buys, selling trading shares and covered calls to work towards net free.

Just takes patience.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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FJ43
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In reply to BrokeAssAggie • 8:45p, 6/21/21
You're the man. Great finds or bookmarks.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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McInnis 03
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In reply to $30,000 Millionaire • 9:18p, 6/21/21
AG
$30,000 Millionaire said:
so quick poll - everyone bullish again?


Nah.
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Brewmaster
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9:25p, 6/21/21
AG
have any of you noticed VIX and SPY attempting to fill gaps at the same time? Not sure if SPY will get there, but VIX almost filled one back to mid 17's today.

Also an oddity - VIX flat into the close, VXX and UVXY unning upward into the close (this doesn't happen often)...buying pressure I assume.
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Bob Knights Paper Hands
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In reply to Definitely Not A Cop • 9:53p, 6/21/21
Champ Bailey said:
FJ43 said:

AMD

This one could get interesting.

Break of downtrend and over $85.50 ($85.85 MT even better) I would think would be a nice play ahead.

Funny how today it was the downtrend line that rejected it. The prior rejection a few days ago was at MT.

Voodoo....





You would think with all of these microchip shortages, all of these companies would be set for an explosion once the supply chain issues get resolved.

I think so. As a long time AMD investor I think this chip shortage might help Intel climb out of their hole a little more. I was hoping AMD could press their advantage and take even more market share with superior products but the chip shortage has kept them from doing that.
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Agvet12
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In reply to Brewmaster • 9:53p, 6/21/21
AG
BREwmaster said:
have any of you noticed VIX and SPY attempting to fill gaps at the same time? Not sure if SPY will get there, but VIX almost filled one back to mid 17's today.

Also an oddity - VIX flat into the close, VXX and UVXY unning upward into the close (this doesn't happen often)...buying pressure I assume.


Assuming this is buying ahead of Powell's speech on Tuesday? History has shown a massive dump right before so I'm betting the same the thing happens again
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FJ43
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3:15a, 6/22/21

Morning!

Your morning out of the gates snapshot....



  • Slightly red early.
  • SKEW rose back higher to 158
  • VIX remains below 20 at 18...ish
  • I would love to see a Red to Green day and capture that 423.46ish level on SPY. 420.68 is a must IMO.
    • Opening 'V' could be a great trade on SPY, Qs or any stock.
  • Watch yesterday's lows to see if we trade lower at any point.
  • With JP speaking along with other folks this week I expect to see more volatility the next few days.
  • One good thing is eventually we will take a direction.

Which way will we go?




Trade wisely!

Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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FJ43
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5:46a, 6/22/21

SPY Scalping

For you degenerates that partake in this crazy game.

  • Yesterday' session low - 415.93; High - 421.30 (excludes PM & AH)
  • Hourly chart.
  • Hourly/daily levels I am watching today. White, red & green values on right.
  • Red lines are tough resistance.
  • White are hourly resistance.
  • Green 423.46 is what I think we need to confirm and has been a trading wall for me.
  • Yellow downtrend break and hold will be a trading trend I will go long or short against between SRs.
  • We lose the red long term uptrend line and whoops down we go IMO.

Enjoy the mess.....



Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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FJ43
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6:01a, 6/22/21

SPY & Qs Scalping

FWIW I know many use different indicators, studies, etc. to swing trade or maybe scalp. Anything from EMAs, SMAs, Bollinger, MACD, SAR, VWAP, RSI, T&S, etc., etc., etc.

I have found for me simple is better and I am using the 5 & 12 EMAs on 3, 5 & 10 Minute charts.

  • Get a 5/12 cross on the 3 Min I am interested.
  • 5/12 cross confirmed on the 5 Min and am generally entering.
  • 5/12 cross confirmed by the 10 Min and I stick with the trend until the next SR level is confirmed or rejected.
  • Must cross and confirm.
  • Either direction...calls or puts.

Those are not absent knowing where I am at between SRs and the holy grail of volume.

VIX I have on a 1 Minute chart with moving alerts with each directional movement on a short leash. I have found that VIX movement correlates to the price action on SPY. Rising or even minor spike in VIX and price drop on SPY.

I do glance periodically at MACD or other things but not very often.

Maybe this will work for y'all as well.

Edit: Algos screw everything up. Indicators matter not when they flush. That's what stops (mental or stop loss) are for.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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McInnis 03
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6:20a, 6/22/21
AG
London been buying NQ since just after open...sheesh
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FJ43
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In reply to McInnis 03 • 6:23a, 6/22/21
McInnis 03 said:
London been buying NQ since just after open...sheesh
As long as thy buy ROKU up to 408 today I'm good with it.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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BrokeAssAggie
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6:58a, 6/22/21
Fruit going to try to make the move to $135 today
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BrokeAssAggie
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7:02a, 6/22/21
Fruit going to make its move to $135 today
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FJ43
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7:14a, 6/22/21

DDD

With downtrend break will look to possibly enter July or August calls.

Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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BrokeAssAggie
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7:17a, 6/22/21
Fruit going to make its move to $135 today
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BrokeAssAggie
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In reply to FJ43 • 7:17a, 6/22/21
FJ43 said:

DDD

With downtrend break will look to possibly enter July or August calls.


Going to look at that and ETSY. Both Redler and Ripster watching those.
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FJ43
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In reply to BrokeAssAggie • 7:19a, 6/22/21
CrazyRichAggie said:
FJ43 said:

DDD

With downtrend break will look to possibly enter July or August calls.


Going to look at that and ETSY. Both Redler and Ripster watching those.
Even better they are on it. More confirmation.

I think I will look at the July 32 or 34s
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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Thundergon
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In reply to FJ43 • 7:38a, 6/22/21
FJ43 said:
CrazyRichAggie said:
FJ43 said:

DDD

With downtrend break will look to possibly enter July or August calls.


Going to look at that and ETSY. Both Redler and Ripster watching those.
Even better they are on it. More confirmation.

I think I will look at the July 32 or 34s


July 16 33c were on my watchlist today.
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tailgatetimer10
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In reply to Bob Knights Paper Hands • 7:44a, 6/22/21
AG
They are continuing to gain market share. They're depleting inventory that's been on the books for a while. Overall this is going to make them significantly more profitable and able to continue taking away from Intel.

Intel was going to sell chips regardless.
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ProgN
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7:51a, 6/22/21
Look for shorts to sell off WISH at the open to try and scare retailers into selling. If so, it would setup for a nice day trade IMO. It traded 315MM shares yesterday, that volume doesn't go away in a day.
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McInnis 03
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7:54a, 6/22/21
AG
ES pull, a little 10 pt'r
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McInnis 03
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8:02a, 6/22/21
AG

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FJ43
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8:06a, 6/22/21

ASAN

First day really pulling very much a bit before open. Trading below yesterday's low at the moment.

Today could be put payday.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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FJ43
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In reply to McInnis 03 • 8:07a, 6/22/21
McInnis 03 said:
ES pull, a little 10 pt'r
Nice bounce on SPY at 420.68
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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austinAG90
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8:07a, 6/22/21
AG
Tuesday Macros......

Decent Range Trading Overnight For Treas... 1.47 Resistance... Powell Up 2PM

There was some decent back and forth trading between Asia and London in the rates space... 10 years rallied twice to 1.47 and then backed off. The first back off took us to 1.505 and the second one where we are right now 1.49... Similar with the long bond with a 2.08 to 2.12... We think we saw the buying climax yesterday where 1.36 and 1.91 were rejected soundly for 10's and bonds... With bonds making a 20 basis backup from the Asia lows to the US highs... The Fed Hawk move last week has caused many reflationists to get smoked and most of that money is now on the sidelines to be redeployed... The reflation trade is not dead, just on hold...

Powell is up today at 2 PM...Mester and Daly will be talking earlier, they should not have much effect on today's trading... We know from the Powell release as to what he will say today... Inflation moved more than the Fed thought which necessitated a move to more hawkish tinge... The last thing Powell wanted was a rally in long rates... He will try to bring back some of the transitory talk, but what the Fed really wants is optionality... And they have it... Next weeks non farm number could be very tricky... With many of the Federal employment perks being taken away by 25 states, and the rest to expire by September, we could see a major turnaround in employment numbers... Anyone that has tried to do anything, fly, go to restaurants , drive, or get goods delivered from Home Depot, has seen shortages and supply chain issues...only a matter of time before the employment report starts to soar... The best headline from the Powell release for today was
*POWELL: INFLATION HAS INCREASED NOTABLY IN RECENT MONTHS
it shows a clear recognition that the Fed is worried about inflation... Now the question is what are they going to do about it... And how will treasuries and mortgages trade over the 3rd quarter.

Corporates continue to have strong demand... We get the IG issuance from Bloomberg and ITC... One has 11 billion issued yesterday the other 14...either way a strong number for those looking for 20-25 issuance this week according to the Quigley report... While many are afraid of wider spreads, and we are one of those, spreads continue to hold in, both in CDX IG and HY... Average yields remain absurdly low.. With HY below 4% and Caa below 6%... 3.92 and 5.83 respectively... IG has now risen above 2% given the front end back up from the Fed... Currently 2.08

Equities chopped around overnight...marginally higher with S+P in a 21 point range and Dow in a 150 range... Authors of BB had a negative piece on equities today, but GS points out that 5.5 TRILLION of cash is on the sidelines... They anticipate that 500 billion of that will come into the stock markets... We take the over on that... As both the ECB and the Fed are scheduled to put free cash of about 720 billion each into the pockets of investors between now and the end of the year.. And as we detailed the low yields in corporate yields above, we think more of this money will be destined for stocks... Still August and September are the two worst months for stocks, and the Jackson Hole conference is right in the middle of that... Unfortunately our window of 2% 10 years could close.

The Fed wants optionality... Which means we get uncertainty... The chop should continue for rates but the 10 year numbers are easy... 1.47 a pivot for now... 1.52 and 1.59 support... 1.42 and 1.36 for resistance... But as long as the 5 year is closer to .90 than.75, we look for higher rates
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McInnis 03
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In reply to FJ43 • 8:08a, 6/22/21
AG
FJ43 said:
McInnis 03 said:
ES pull, a little 10 pt'r
Nice bounce on SPY at 420.68
Scalped ES with a terrible 4213.75 entry, sold half at 4216.5 and stops to BE.
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Thundergon
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8:08a, 6/22/21
$ASAN down >5% PM.
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