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McInnis 03
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AG
Farmer @ Johnsongrass, TX said:

Jerome Powell a couple days from now,...."You know, I was only kidding".

Fed ain't gonna raise no rates. (actually, no rate action could be a lot more bearish than bullish)


Talk of Rate increases and QT was transitory
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
Spoony Love
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$422 is hanging tough but you may be on to something.
Farmer @ Johnsongrass, TX
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Oh Dude, I spit coffee.
Spoony Love
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Maybe wait until Fed talk on Wednesday and see how the market reacts.
jm94
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cgh1999 said:

Dan Scott said:

tomorrow if we gap down i am going yolo on calls. I'm done for today.

I've been looking but can't find any opportunities. Too much premium for my blood.
Ugh, yeah, seems like everyone has the same idea.
SF2004
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Lots of Capitulation talk right now...

Which might be bottom.

Doubt it as my account hasn't been wiped out yet.
Triple_Bagger
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HouAg12 said:

Anyone long term buying?
Yes, but easing into position, not buying all of it at once:

DIS, BRKB, AAPL, MSFT, ASO, ABML, SOXX, PFE, VST, GOOGL
Touchless
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Saltyag15 said:

jj9000 said:

Touchless said:

I ****ed up. I bought some weekly spy puts this morning when it first started diving and then sold them both on the double bottom around $426. Made a couple hundred bucks. But damn, I missed out on more.


Complaining about profit taking right now might get you roasted.
[Insert crying face and middle finger emoji] in the nicest Christian way
lol...my account is brutal right now. Want to just build up some extra cash to be able to buy more longs. Premiums are just too rich to buy and hold currently waiting to try and go net free. Swings are violent.
Brian Earl Spilner
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Welp, down 5 digits on the day. My worst day in the market by a pretty wide margin.
Charismatic Megafauna
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Was that a $40B spy buy at 10:50? Ppt?
Everybody loves a dirt road
Phat32
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Yikes
ProgN
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HouAg12 said:

Anyone long term buying?
Yes
Ranger222
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Not sure there are any signals to be "buying" at the moment.

From my end, I'm seeing put positions actually being rolled down, just like you would see calls rolled up. I'm not seeing anything that makes me think this is close to over.

The signals are when you starting seeing multiple long term calls accumulating again. Other than a few earnings plays, I currently do see it.

Again, feels like the pain move is still down more.
tlepoC
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I don't know what half the stuff I drew on here was about but this orange channel is what I was talking about
Farmer @ Johnsongrass, TX
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DJIA Todays Low... 33,150.33 (low so far today 1/24/22)
DJIA Closing High. 36,799.65 (all time Closing high 1/4/22)
DJIA pullback...........3,649.32 points
DJIA percentage..........9.917% pullback as of 11:39am CST

krosch11
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I believe i read margin calls are 2CT, correct me if im wrong. This feels like it gets uglier before it gets better.
Max Stonetrail
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For everyone thinking of longs, there is still a whole trading day and a half (technically almost two) between now and when Powell speaks. This is a momentum market, and there isn't any event before then that is likely momentum changing.

Let's say we end the day at this level. Even if SPY rips 6-7 points higher or the DJIA 600-700 points, you can still find quality longs at a significant discount from the close from just last Friday.

If you MUST buy something, buy a small lotto OTM SPY C for March. I still think selling premium here is the best trade to make.

Disclosure. I am short SPY. Still. And I sold AMD puts earlier.
agdaddy04
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TTD just keeps going lower than I think it will. Was sure hoping $60 was the floor on it.
BrokeAssAggie
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We are getting a bounce today one way or another, damnit!

AgOutsideAustin
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Well it's been a while since I fired the old model Yugo up back when we had the Covid drop a couple years ago but now I'm interested again. Getting close to taking a big ol bite of VTI.
Bob Knights Paper Hands
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59 South said:

Doesn't look like bottom is in before the relief rally. Maybe next levels down SPY 423 and QQQ 338 would do it. Maybe tomorrow morning.

Damn damn.
Bob Knights Paper Hands
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aggiedaniel06 said:

Mentioned around 10 months ago that the growth / meme party was over. Its just been coming down the mountain ever since.


He lives!!!
Bob Knights Paper Hands
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Farmer @ Johnsongrass, TX said:

Jerome Powell a couple days from now,...."You know, I was only kidding".

Fed ain't gonna raise no rates. (actually, no rate action could be a lot more bearish than bullish)
Engine10
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Alright everyone catch your breath for a minute
Farmer @ Johnsongrass, TX
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I think the bears are really mad..
BrokeAssAggie
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Ags2013
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I'm to the pessimistic point that I think every little bounce is a trap
BrokeAssAggie
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BrokeAssAggie said:

We are getting a bounce today one way or another, damnit!




Keep doing ya thang, girl! It's working.
Spoony Love
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Any ideas on levels from Ripster?

These may be ill advised
OutlawAG04
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Starting to layer in some LEAPS ITM on DIS, PLTR, and TTD. Anyone else seeing attractive LEAPs?
McInnis 03
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+1000 TICKs.

This is some buying.

Not saying that this is THE buying.....
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***

B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
Bob Knights Paper Hands
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SHOP!!! You beautiful mother ****er!!!! I'm net free plus with 6 1050-1150 spreads left as runners.
BrokeAssAggie
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BrokeAssAggie
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Ags2013
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Broke $428
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