Levels no longer have any value. We need capitulation from retail and I'd bet we're real close to it. A ****ton of margin calls will be going out tonight.FJ43 said:
Last level post of the day on SPY.
Shes hanging on by a fingernail at a decent support level. May not mean much since blowing through with pauses on a couple others.
Notice correlation between VIX and SPY
Stock Markets
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Last: 6 min ago by Heineken-Ashi
So can anybody explain why we **** the bed?
Irish 2.0 said:
They guided lower for Q1
I'll be a buyer. I believe Netflix is going to be a good stock the next 5-10 years. They have the best UI and top programming.
Feels like an overreaction. Will take their P/E down to the mid 30s and their price down to summer 2018 levels. 41% drop in 2 months.Irish 2.0 said:
They guided lower for Q1
59 South said:
Also should add I think we have to see at least QQQ 360 and SPX <4500 before we start any macro trend back up. Could be wrong, who knows.
Here we are. Tomorrow and Monday will be telling.
Thanks for the heads-up Mr. Hastings.bmks270 said:Irish 2.0 said:
They guided lower for Q1
I'll be a buyer. I believe Netflix is going to be a good stock the next 5-10 years. They have the best UI and top programming.
Cashed out my SPY puts at 2:59:50, now I'm wishing I had held some.
I've been in a no overnight holds outside of long termers mode since 1/3.
I've been in a no overnight holds outside of long termers mode since 1/3.
I'd wait. No point in buying them when we officially entered correction territory today. NFLX could be in for more pain as the other streamers begin to remove content from the NFLX library and put it on their own. DIS will be the streaming winner in this world when the dust clears IMO.bmks270 said:Irish 2.0 said:
They guided lower for Q1
I'll be a buyer. I believe Netflix is going to be a good stock the next 5-10 years. They have the best UI and top programming.
SoupNazi2001 said:
I think we bounce in the next few days off the 200 day MA on the S&P around 4425 and then resume a decline. Large caps playing catch up to the small caps which peaked last February.
Although I tend to agree with you, you posting on this thread has been the most reliable indicator to go long that has a 100% success rate over the past 4+ years.
Disney is way overvalued right now.
I think the 200D is in play and that is almost here.
Took a call lotto at -3ATR on the 5min and **** the bed.
Done with the lottos.
Took a call lotto at -3ATR on the 5min and **** the bed.
Done with the lottos.
-3 ATR on both Nasdaq and S&P
If one of the FANG stocks tanked 20% after an earnings report, the rest of the nasdaq is in big big trouble. Tech is still way overvalued
Yeah not as confident today as i was yesterdayMcInnis 03 said:Not sure if that's gonna work twice here.....Dan Scott said:
SPY RSI 33, going to get calls again.
Maybe NFLX earnings save the day like last week
So where do we go?$30,000 Millionaire said:
-3 ATR on both Nasdaq and S&P
I have zero confidence right now after seeing the rally pump and dump today.
Yeah levels become a lot softer at the moment. At least we can still try and chart directional moves or exits.ProgN said:Levels no longer have any value. We need capitulation from retail and I'd bet we're real close to it. A ****ton of margin calls will be going out tonight.FJ43 said:
Last level post of the day on SPY.
Shes hanging on by a fingernail at a decent support level. May not mean much since blowing through with pauses on a couple others.
Notice correlation between VIX and SPY
Can you imagine the margin calls that are about to happen? People running for the hills!
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Nothing wrong with taking profit bro....AG 2000' said:
Cashed out my SPY puts at 2:59:50, now I'm wishing I had held some.
I've been in a no overnight holds outside of long termers mode since 1/3.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
59 South said:59 South said:
Also should add I think we have to see at least QQQ 360 and SPX <4500 before we start any macro trend back up. Could be wrong, who knows.
Here we are. Tomorrow and Monday will be telling.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
DIS is trading pre-pandemic levels. Their pre-pandemic levels was before they even had Disney+. Add in their sports dominance in owning ESPN along with them having HULU and it is a clear winner of the two. Hell, once they officially get out of COVID mindset, you'll have the parks back in full revenue.bmks270 said:
Disney is way overvalued right now.
I'm not touching much in the terms of stocks that were the COVID winners. Their time is up IMO. Only reason I grabbed PTON leaps is because I think AAPL ultimately buys them.
This is a really good take on Disney, and one I didn't realize until I looked at the chart. They are back at Q4 2019 levels right now.Irish 2.0 said:DIS is trading pre-pandemic levels. Their pre-pandemic levels was before they even had Disney+. Add in their sports dominance in owning ESPN along with them having HULU and it is a clear winner of the two. Hell, once they officially get out of COVID mindset, you'll have the parks back in full revenue.bmks270 said:
Disney is way overvalued right now.
nice bounce right now
Bob Knights Paper Hands
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Posts:
11,934
How long do you want to ignore this user?
Supply chain issues, extended valuations, tapering fears, interest rates increasing, weakened economy due to shut downs and other covid items. It's a **** your bed type of market right now. I've started wearing my Y2K plastic underwear again.
I bought a couple MES-F puts when we were hovering around 4540. closed those out just after close. 25% gain roughly
DIS still with a huge gap to fill down to $128 too.Irish 2.0 said:DIS is trading pre-pandemic levels. Their pre-pandemic levels was before they even had Disney+. Add in their sports dominance in owning ESPN along with them having HULU and it is a clear winner of the two. Hell, once they officially get out of COVID mindset, you'll have the parks back in full revenue.bmks270 said:
Disney is way overvalued right now.
I'm not touching much in the terms of stocks that were the COVID winners. Their time is up IMO. Only reason I grabbed PTON leaps is because I think AAPL ultimately buys them.
Yep. Already slapped myself, now to go pour some Ironroot and unwind.FJ43 said:Nothing wrong with taking profit bro....AG 2000' said:
Cashed out my SPY puts at 2:59:50, now I'm wishing I had held some.
I've been in a no overnight holds outside of long termers mode since 1/3.
Gap theory isn't absolute. Not saying it won't get there (espeically with current trend), but it doesn't have to.Touchless said:DIS still with a huge gap to fill down to $128 too.Irish 2.0 said:DIS is trading pre-pandemic levels. Their pre-pandemic levels was before they even had Disney+. Add in their sports dominance in owning ESPN along with them having HULU and it is a clear winner of the two. Hell, once they officially get out of COVID mindset, you'll have the parks back in full revenue.bmks270 said:
Disney is way overvalued right now.
I'm not touching much in the terms of stocks that were the COVID winners. Their time is up IMO. Only reason I grabbed PTON leaps is because I think AAPL ultimately buys them.
Add in all the stimulus bills appear to be dead, Wall Street doesn't have a good line of site on cheap money courtesy their puppets in D.C.Bob Knights Liver said:
Supply chain issues, extended valuations, tapering fears, interest rates increasing, weakened economy due to shut downs and other covid items. It's a **** your bed type of market right now. I've started wearing my Y2K plastic underwear again.
. That would be nice but I have a feeling it would be with some splits.BrokeAssAggie said:
2022 is going to be our year boys. WWR hits $15 by this summer.
Did you make a profit?AG 2000' said:
Cashed out my SPY puts at 2:59:50, now I'm wishing I had held some.
I've been in a no overnight holds outside of long termers mode since 1/3.
Best trade of the year.ProgN said:Did you make a profit?AG 2000' said:
Cashed out my SPY puts at 2:59:50, now I'm wishing I had held some.
I've been in a no overnight holds outside of long termers mode since 1/3.
FJ43 set me straight, pouring some nice Ironroot Harbinger and will be back for more tomorrow. Please forgive me for *****ing about profits.
Cool, in that case, don't get mad because I intend no disrespect, STFU!AG 2000' said:Best trade of the year.ProgN said:Did you make a profit?AG 2000' said:
Cashed out my SPY puts at 2:59:50, now I'm wishing I had held some.
I've been in a no overnight holds outside of long termers mode since 1/3.
FJ43 set me straight, pouring some nice Ironroot Harbinger and will be back for more tomorrow. Please forgive me for *****ing about profits.
This is a trading market, hit singles. You hit 10 in a row and get back to us.
here are some updated QQQ levels. Note, QQQ is at 358 after hours.
I'm not buying yet.
I'm not buying yet.
dang. I need to hit some singles. the only way I get on base is if I'm hit by the ***kn pitch.ProgN said:Cool, in that case, don't get mad because I intend no disrespect, STFU!AG 2000' said:Best trade of the year.ProgN said:Did you make a profit?AG 2000' said:
Cashed out my SPY puts at 2:59:50, now I'm wishing I had held some.
I've been in a no overnight holds outside of long termers mode since 1/3.
FJ43 set me straight, pouring some nice Ironroot Harbinger and will be back for more tomorrow. Please forgive me for *****ing about profits.
This is a trading market, hit singles. You hit 10 in a row and get back to us.
ProgN said:Cool, in that case, don't get mad because I intend no disrespect, STFU!AG 2000' said:Best trade of the year.ProgN said:Did you make a profit?AG 2000' said:
Cashed out my SPY puts at 2:59:50, now I'm wishing I had held some.
I've been in a no overnight holds outside of long termers mode since 1/3.
FJ43 set me straight, pouring some nice Ironroot Harbinger and will be back for more tomorrow. Please forgive me for *****ing about profits.
This is a trading market, hit singles. You hit 10 in a row and get back to us.
All good. Let's get it tomorrow.
PM me your cash available for trading later and let's see if we can tailor a trade for you to hit a single.
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