Broad question - what's the downside to the volume profile in ToS? I've been using it so far this year to in conjunction with DEMAs to determine entry positioning, and also to keep me out of some trades I would have entered before and promptly lost money.

It's made me much more selective on price entry and I'm really liking it being my final check on entry so far.

I had 70% at risk. This is just a small trading account I day trade with, so I am taking a bit more risk.

Medicare plans to pay for controversial Alzheimer's drug, from Biogen

https://www.cnbc.com/2022/01/11/medicare-plans-to-pay-for-controversial-alzheimers-drug-from-biogen.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

BIIB (Biogen) down 10% AH.

AG 2000' said:

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McInnis 03 said:

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McInnis 03 said:

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Bonfire1996 said:

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I know this is short term thread, but I love following, so I'm posting some medium term ideas.

I gave you guys Micron two months ago at $65 per share, so there you go.

If we all believe there is volatility coming with rate hikes, inflation, and election year stuff. The investment banks and brokerage houses are severely discounted.

GS trading under 10x earnings - target $450
MS trading under 15x earnings - target $120

Best in class both.

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Y'all.

$MS may try to break up here on a longer scale.

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This is working. My MAR 105c's are hoping to double tomorrow and the MAY 120C is up 15%

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I got stopped out yesterday. Still feeling good about that $120 target?

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I'd defer to Bonfire, but today was a possible show-breakout.....see if we get continuation tomorrow.

McInnis 03 said:

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McInnis 03 said:

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Bonfire1996 said:

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I know this is short term thread, but I love following, so I'm posting some medium term ideas.

I gave you guys Micron two months ago at $65 per share, so there you go.

If we all believe there is volatility coming with rate hikes, inflation, and election year stuff. The investment banks and brokerage houses are severely discounted.

GS trading under 10x earnings - target $450
MS trading under 15x earnings - target $120

Best in class both.

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Y'all.

$MS may try to break up here on a longer scale.

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This is working. My MAR 105c's are hoping to double tomorrow and the MAY 120C is up 15%

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those are nice setups, MS breaking out ATH's and over 420 GS will be rippy. I might look into these tomorrow if we can get a CPI dip.

AG 2000' said:

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What the heck is with this one minute candle on QQQ AH?

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Speaking of MS, it had the same AH blip as QQQ.

Interesting, or nah?

BrokeAssAggie said:

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profited 40% today on my portfolio. Still need to keep my new name for now.

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great job. I made a few $ off of OSTK today...let's keep it going.

$30,000 Millionaire said:

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ProgN said:

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$30,000 Millionaire said:

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ProgN said:

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You've been quiet today, work or traveling?

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yes!

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I figured it was something like that. We're either MFers or Pukes today so I knew something was up. I was going to post that gif "do you have a case of the Mundays" from Office Space but it'd probably fall flat with you today.

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I only call people I like a MF or a Puke (or worse). If I'm formal with you, watch out.

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What would be a good trade if one though the stock market at or slightly below current levels 6 months from now?

I bought SPY calls this afternoon around 12 pm or so. Looks like it's gonna be 2 tandem/back to back green hammers. I imagine that's a pretty bullish look. Moreover, every time the SPY has lost the 50 EMA and then recovered it the following day, it's been pretty impulsive rips. So my calls expire tomorrow, and I sold one at close to take some profit around 25%, but I anticipate green again tomorrow….and I'm an uber-bear at heart.

Nothing makes me hate life more every day than seeing BHP in the mid 60s when I kept debating myself to go long at $52. That makes me feel real good. Ugh and that sweet dividend. Oh well….

Pignorant said:

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What would be a good trade if one though the stock market at or slightly below current levels 6 months from now?

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Sell cash covered 5 delta puts on a blue chip

McInnis 03 said:

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AG 2000' said:

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SOARING EAGLE

OMG OMG OMG

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You must not have watched vikings

Interesting spot gents.

100 EMA is the orange line.
White lines are iPad SRs as best as I can do at the moment.
AH closed over all EMAs.

Each time we touch the 100 seems to have a new ATH 7-10 days or shortly following. I only went back to October 2020.

I'm in 470C expiring next Friday 1/21 I bought yesterday on the dip and they are over double....but I'm still holding and haven't trimmed any so far.

This post makes me feel better. If I'm seeing what FJ is seeing then maybe I'm learning something.

If you look at the trends as you pointed out, after the 100 EMA bounce, it runs to ATH. Then the inevitable pull back to what almost feels like a crawl to the 100 EMA. We could be seeing a cyclical trading of algos that are considering those very points 100 EMA to ATH. While I understand there are underlying stocks, so it may mean nothing, but it certainly seems to be buying at the EMA and shorting at the ATH.

To test it I bought $480C yesterday way down on the dip for tomorrow expiration but I may have rushed the theory. I don't see that happening tomorrow. Next week maybe

Spoony Love said:

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This post makes me feel better. If I'm seeing what FJ is seeing then maybe I'm learning something.

If you look at the trends as you pointed out, after the 100 EMA bounce, it runs to ATH. Then the inevitable pull back to what almost feels like a crawl to the 100 EMA. We could be seeing a cyclical trading of algos that are considering those very points 100 EMA to ATH. While I understand there are underlying stocks, so it may mean nothing, but it certainly seems to be buying at the EMA and shorting at the ATH.

To test it I bought $480C yesterday way down on the dip for tomorrow expiration but I may have rushed the theory. I don't see that happening tomorrow. Next week maybe

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Does it mean anything I dunno. Interesting pattern spacing and recurrence. Sorry for the crude chart. I'm a trader not an investor in this market so although interesting.....price, SR levels and volume is what I pay attention to. The rest is just cool to look at to me and continue sharpening.

FJ43 said:

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Interesting spot gents.

100 EMA is the orange line.
White lines are iPad SRs as best as I can do at the moment.
AH closed over all EMAs.

Each time we touch the 100 seems to have a new ATH 7-10 days or shortly following. I only went back to October 2020.

I'm in 470C expiring next Friday 1/21 I bought yesterday on the dip and they are over double....but I'm still holding and haven't trimmed any so far.

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CPI data tomorrow is the wildcard, but good research also. Spy has ripped off the 89 every time, you also have Opex next week, and almost every OPEX week has had an all time high during the week. So if pattern holds, pitbull low Thursday-Friday, and new high sometime next week.

lobwedgephil said:

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FJ43 said:

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Interesting spot gents.

100 EMA is the orange line.
White lines are iPad SRs as best as I can do at the moment.
AH closed over all EMAs.

Each time we touch the 100 seems to have a new ATH 7-10 days or shortly following. I only went back to October 2020.

I'm in 470C expiring next Friday 1/21 I bought yesterday on the dip and they are over double....but I'm still holding and haven't trimmed any so far.

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CPI data tomorrow is the wildcard, but good research also. Spy has ripped off the 89 every time, you also have Opex next week, and almost every OPEX week has had an all time high during the week. So if pattern holds, pitbull low Thursday-Friday, and new high sometime next week.

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I find the TA interesting at the very least.

I'm curious if CPI data has any meaningful impact either way. I suspect big money already is positioned for their internal expectations. Last year sometime I charted for the board a long way back with vertical lines for every OPEX and quad witch. There is a correlation from a chart perspective that repeats.

We shall see.

#stockmarket every pundit on CNBC & macro tourist on Fintwit is saying persistent inflation is here to stay....maybe, but my bet is it's peaked. if true, does Powell need to be as aggressive raising rates? likely not. PPI chart overlayed w/ DeMark counts. 13 sell coming. pic.twitter.com/TAs6pVJWKn

— CoiledSpringCapital, CMT (@coiledspringcap) January 12, 2022

McInnis 03 said:

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AG 2000' said:

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McInnis 03 said:

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McInnis 03 said:

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Bonfire1996 said:

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I know this is short term thread, but I love following, so I'm posting some medium term ideas.

I gave you guys Micron two months ago at $65 per share, so there you go.

If we all believe there is volatility coming with rate hikes, inflation, and election year stuff. The investment banks and brokerage houses are severely discounted.

GS trading under 10x earnings - target $450
MS trading under 15x earnings - target $120

Best in class both.

---

Y'all.

$MS may try to break up here on a longer scale.

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This is working. My MAR 105c's are hoping to double tomorrow and the MAY 120C is up 15%

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I got stopped out yesterday. Still feeling good about that $120 target?

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I'd defer to Bonfire, but today was a possible show-breakout.....see if we get continuation tomorrow.

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YES.

Specifically look at MS and Charles Schwab. Why two vastly different PEs? Why is Schwab treat like a growth stock and MS like a traditional bank?

Doesn't matter, let MS be treated like a bank in a rising rate environment or benefit like a brokerage house from volatility. Both equal bigger profits.

MS to 120
GS to 450 - longer term

Anyone else follow TheRealGregReyes on Twitter? He posted a pretty graphic video (didn't want to post here) from Kazakhstan with the caption time add to uranium. Bullish for $DNN??

30k have you ended up adding to your ENVX position? I've got a starter position and was going to add just above the $18 support level but we haven't got all the way down there yet

This would please me greatly

Should we keep an eye on $BARK?

Huge volume came in today on positive earning estimates and the return of the co-founder as CEO.

cptthunder said:

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30k have you ended up adding to your ENVX position? I've got a starter position and was going to add just above the $18 support level but we haven't got all the way down there yet

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Yes. Added at $19