$30,000 Millionaire said:

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Watch for bull trap guys. The pattern has shifted to gap and fail and you need to confirm it's not otherwise.

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Could be.....IWM doesn't have a trap feel to it right now. NQ struggling and IWM rallying smells like rotation. But my nose sucks.

IWM doesn't seem to have any resistance until mid to high $217's. We're approaching net free zone on the $222 calls.

BenRev09 said:

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Curious if anyone saw Mancini's recent tweets about gold and are looking at any plays? I kind of like HL for an entry here

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Looks like it needs to break $35.5 to confirm a bottom is in.

Out of 50% 7/23 425 SPY C.

Thinking of taking 50% off 7/23 $240 SQ C

out of 7.21 424 P as well

mazag08 said:

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BenRev09 said:

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Curious if anyone saw Mancini's recent tweets about gold and are looking at any plays? I kind of like HL for an entry here

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Looks like it needs to break $35.5 to confirm a bottom is in.

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I might be missing something but I'm seeing HL trading at 6.60?

BenRev09 said:

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mazag08 said:

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BenRev09 said:

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Curious if anyone saw Mancini's recent tweets about gold and are looking at any plays? I kind of like HL for an entry here

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Looks like it needs to break $35.5 to confirm a bottom is in.

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I might be missing something but I'm seeing HL trading at 6.60?

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I'm dumb. For some reason my brain went to GDX. Ignore.

Took IWM 220c's for Aug monthly at $3.83.......I sense rotation is starting and I'd like to see if I can ride it up a bit. Bought time and not too far OTM to try and capitalize. Already up 5% and have stop loss in place. Will not let green go red here.

Russell has punched me in the gut too many times. Not on this trade.

GILD doesn't looked to have confirmed it's break. To little volume and only closing above resistance on 1-hr and less charts. Likely need it to close up there with volume on a 4 hr or even 1 day chart for confirmation of the boom. Triangle is keeps moving all the way into August if it needs to.

McInnis 03 said:

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Pelosi covid positive

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Vaccine not working?

McInnis 03 said:

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Pelosi covid positive

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Pelosi is too? I just heard just one of her staff members on FBN.

QQQ just closed the gap from Friday.

Y'all blue starring this?

IWM approaching mid $217's where we might meet daily resistance.

Correlates with 2184 on the RTY futures, which is a line I have in play.

gougler08 said:

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McInnis 03 said:

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Pelosi covid positive

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I feel like posting my true thoughts would get me banned

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Those were my thoughts as well. IT'S A TRAP!

$BA breaking out of it's R1, 214.89 would be my next R2 on the daily

CrazyRichAggie said:

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McInnis 03 said:

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Pelosi covid positive

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Vaccine not working?

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If she dies, then that will be a relevant data point to support that.

Since the markets seem to kinda care about it again now, if anyone wants to dig into the data from the UK (and I know there are lots of data dorks here) where a huge number of people are vaccinated and is also delta ground zero at the moment, check this out:

https://coronavirus.data.gov.uk/

My biggest objective takeaway is that the case number UK fear pron needs to be taken in context, and we need to understand that the vaccines aren't that great at stopping transmission (around 60% effective I think) but are extremely effective at reducing hospitalization and death risk (90+% for both PFE and AZN here).

Some simple math: UK is testing 1.1MM people per day where the US is testing less that half that. US has approx. 5x as many people. So logically, if the US tested at the same rate as the UK, we could expect to see 10x as many cases than are currently being reported.

Trying not to derail, but this is VERY relevant to the markets and where we go from here. The markets will sniff out the truth before the media does.

And as always, remember that I'm not that smart so question my math...

McInnis 03 said:

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Y'all blue starring this?

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GUILTY

Boom! Net free IWM $222 calls.

You got at least one blue star

If y'all don't believe in inflation yet, get this... I'm going right now to pick up a year supply of new contact lenses for almost 4 figures USD...

Lasik about to make a **** ton more financial sense.

McInnis 03 said:

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$BA breaking out of it's R1, 214.89 would be my next R2 on the daily

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I love it when y'all talk about some of my holdings

McInnis 03 said:

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Lasik about to make a **** ton more financial sense.

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Yea I also paid a few grand for that about 15 years ago