Philip J Fry said:

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I've been doing the same reflecting over the break. I decided that I wasn't selling into uptrends enough.

It's not easy balancing work life with trading. I remember the big red candle day starting out green and by the end of he day it was majorly red like the rest of the market. I expected it to bounce back, but didn't. Your consecutive loss rule would have caught that. Now I'm trying to decide if I just ride it out. The MACD, says to sell, but it's a lagging indicator and I think we've found out support at 18 again,

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I would be careful with it.

There's a volume shelf at 18, then a gap down to 16.94ish that could get filled quick. Next support after that really isn't until 15ish.

They're in a good space and I'm looking for an opportunity to get back in the macros scream caution right now.

Spoony Love said:

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Spoony Love said:

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If we stay between SPY $446-447 through noon, those $443P today expiry will look very attractive.

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May have missed this opportunity at this posting. Would have been in at .52, they are sitting at almost 1.50

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This just feels like it wants to test the 200 DEMA. Whether it's today or next week, I don't think the bottom is in yet.

We already got the 200 SMA today, so that's out of the way, but that 200DEMA is so close I think they have to give it a go.

Tight stops hit, no loss. ASO still active

Diggity said:

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Agree with you on Netflix. You just have to look at the "Top 10" list anymore to see they're scraping the bottom of the barrel on content.

My only doubt is how "buzzy" the DISC content is. HBOMax has great content, but it's not organized well.

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^ That's where Michael Zaslav and John Malone come in - to straighten out all that is "off". I guarantee you, the other competitors see the same thing I see. Competitors will spend to upgrade, or get efficient, or look for a new strategy or or buy WB/D. Either way, that industry will undergo some painful change in 2022.

The only thing that can screw this WB/D deal from happening is the U.S. DOJ. The European DOJ equivalent has approved the WB/D deal. And, Congress has already said they want this investigated as they believe it is a monopoly. Remember, it was Congress that didn't want AT&T to buy Time Warner and now it's Congress that don't want them to sell it. .... What a joke. I guess Nancy is long NFLX.

VIX intraday lower high.....

AG 2000' said:

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Spoony Love said:

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Spoony Love said:

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If we stay between SPY $446-447 through noon, those $443P today expiry will look very attractive.

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May have missed this opportunity at this posting. Would have been in at .52, they are sitting at almost 1.50

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This just feels like it wants to test the 200 DEMA. Whether it's today or next week, I don't think the bottom is in yet.

We already got the 200 SMA today, so that's out of the way, but that 200DEMA is so close I think they have to give it a go.

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200EMA just south of $439?

Our little NNOX has put in two days in a row of higher closes in the midst of this chaos. Yes, I know today isn't done yet.

Spoony Love said:

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AG 2000' said:

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Spoony Love said:

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Spoony Love said:

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If we stay between SPY $446-447 through noon, those $443P today expiry will look very attractive.

---

May have missed this opportunity at this posting. Would have been in at .52, they are sitting at almost 1.50

---

This just feels like it wants to test the 200 DEMA. Whether it's today or next week, I don't think the bottom is in yet.

We already got the 200 SMA today, so that's out of the way, but that 200DEMA is so close I think they have to give it a go.

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200EMA just south of $439?

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Yeah, I've got 438.97.

Spoony Love said:

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AG 2000' said:

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Spoony Love said:

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Spoony Love said:

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If we stay between SPY $446-447 through noon, those $443P today expiry will look very attractive.

---

May have missed this opportunity at this posting. Would have been in at .52, they are sitting at almost 1.50

---

This just feels like it wants to test the 200 DEMA. Whether it's today or next week, I don't think the bottom is in yet.

We already got the 200 SMA today, so that's out of the way, but that 200DEMA is so close I think they have to give it a go.

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200EMA just south of $439?

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I'm showing 200 EMA is 438.97. This is going back and forth on intraday model T right now. It is going to pick a direction.

$SPY biggest dark pool print we have ever seen hit the tape! 😮👇#darkpool https://t.co/KHPRpOtT93

— Cheddar Flow (@CheddarFlow) January 21, 2022

AG 2000' said:

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Philip J Fry said:

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I've been doing the same reflecting over the break. I decided that I wasn't selling into uptrends enough.

It's not easy balancing work life with trading. I remember the big red candle day starting out green and by the end of he day it was majorly red like the rest of the market. I expected it to bounce back, but didn't. Your consecutive loss rule would have caught that. Now I'm trying to decide if I just ride it out. The MACD, says to sell, but it's a lagging indicator and I think we've found out support at 18 again,

---

I would be careful with it.

There's a volume shelf at 18, then a gap down to 16.94ish that could get filled quick. Next support after that really isn't until 15ish.

They're in a good space and I'm looking for an opportunity to get back in the macros scream caution right now.

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Agreed. Decided to stick with my plan and not trade against the trend. Caged out. Really no indication it's about to reverse yet.

McInnis 03 said:

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$SPY biggest dark pool print we have ever seen hit the tape! 😮👇#darkpool https://t.co/KHPRpOtT93

— Cheddar Flow (@CheddarFlow) January 21, 2022

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Melt up approaching next week?

wow

That would be awesome!

Tread lightly all, domed look intraday now. If vix runs here, we may see new lows

It was performed above current value.....which means that may act as a resistance of sorts until it's breached.

But $4.7B? OMG

Not before we visit the 200EMA today.

OSTK needs to hold here...

McInnis 03 said:

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It was performed above current value.....which means that may act as a resistance of sorts until it's breached.

But $4.7B? OMG

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One thing is for sure... when they hit the sell key.... bombs away!

SPY fighting to reclaim 61.8 fib now on intraday high low. Would love to see some volume start coming in and pick a direction

Sully Dog said:

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Irish 2.0 said:

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McInnis 03 said:

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$SPY biggest dark pool print we have ever seen hit the tape! 😮👇#darkpool https://t.co/KHPRpOtT93

— Cheddar Flow (@CheddarFlow) January 21, 2022

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Well...That is one way to keep the markt under 445 to protect your hedge!

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I don't get it. What happened?

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Behind the scenes a couple of entites agreed to exchange $4.7B in shares of $SPY at $445.80....it's currently trading at 443.80

AMZN at the bottom of its 1.5 year darvas box. If that breaks down, watch out. It is also at long term trend support from 2008 which has now been touched 3 times (Jan 2015, March 2020, Jan 2022 now).

QQQ

Quick trend line connecting 9/20 & 10/20 vs a support level. Interesting target.

Thanks

McInnis 03 said:

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Behind the scenes a couple of entites agreed to exchange $4.7B in shares of $SPY at $445.80....it's currently trading at 443.80

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what's the likely reason for the buy? what is the buyer forecasting? more growth?

Buying NVDA. I like the relative strength it showed today and 240 was a target. If this goes below 200 will go all-in

Buying calls for next week. We're going to bounce. Market acting like March 2020 right now

I've been watching the NVDA 260c 2/4.

Thoughts? I figure on a rise, I don't need it to get there and still make money on the call.

I am watching NVDA and TTD.

Holding long on both so probably should just jump in but seeing if there is more correction to come...if i hit it on the way back up a bit i would be ok with that...

So does an entity with 4.7B set stop losses? I assume they immediately collar a purchase like this. Do they start trimming as soon as they reach break even, causing resistance on movement upward from there? All of the above?

Anybody know where Tom Lee is at