I likes this thesis! although as I type this the Q's are dropping a turd.Bob Knights Liver said:BREwmaster said:lobwedgephil said:
If we retest today's lows tomorrow, or this week, we are going much lower.
I'll take the much lower bet. Q's look like ****e, megaphone down, roughly 320 at bottom of it, worse still if it dumps out of the megaphone.
Qs hit right above 50% retrace of yesterday's move and have gone back up. I see the megaphone and all of the reasons to explain further bear, but the bounce off the model T is my reason for short-term bull. No confidence which way it goes, but a RTG day with a power hour crater seems as good a chance as anything.
Stock Markets
24,643,940 Views |
233293 Replies |
Last: 4 hrs ago by Heineken-Ashi
BOUNCE
That story's never going to die, I don't think. It's all true, though. The only common grounds between me and Maximus the molester was our names, and somehow that triggered the alert. I'd say I'm surprised you remember it, but honestly how can you forget something like that.McInnis 03 said:True story, Maximus has a very common name. As common as a "Larry Brown" or "Robert Jones" type name.BenRev09 said:I'll never not read his name as Maximus Meridius molester from now onMcInnis 03 said:
I liked you before you had a reputation.
I got you hired when the background check said you were a molester.
After his interview we were proceeding with hire when we got a call from HR saying he was unhireable due to a previous molestation offense. I said "There is no EFFING way" and challenged them to re-do it, I even called Maximus and told him and he helped get me some more data that separated him from the Maximus the molester. LOL
Maximus the molester was like 20 years older than Maximum the Non-Molesting Aggie. Our HR team just sucked.
Work crisis (mostly) avoided. The fix was pretty straightforward provided it gets approval in the next hour or so.
Be careful here everyone. My SPY and QQQ alerts are making me think we still go down here...
$342.59ish is my level to hold on Qs
Bob Knights Paper Hands
Joined:
Dec 22, 2010
Posts:
11,932
How long do you want to ignore this user?
Bob Knights Liver said:
Move lower stop to $53.2 (purchase price).
I guess I got stopped out. Tough to trade when not sitting at the computer ball day. I might get back in if QQQ gets back over 344.2 for a few candles.
Maximus_Meridius said:
That story's never going to die, I don't think. It's all true, though. The only common grounds between me and Maximus the molester was our names, and somehow that triggered the alert. I'd say I'm surprised you remember it, but honestly how can you forget something like that.
Work crisis (mostly) avoided. The fix was pretty straightforward provided it gets approval in the next hour or so.
Be careful here everyone. My SPY and QQQ alerts are making me think we still go down here...
Bob Knights Paper Hands
Joined:
Dec 22, 2010
Posts:
11,932
How long do you want to ignore this user?
I think the huge volume is due to having massive selling volume in the morning and the massive buying volume in the afternoon. Rarely do those both happen on the same day at that level. I do think it was a meaningful rally. I also think there's a lot of potential negative catalysts out there right now and enough fear that a big move down could still come.
Back in to TQQQ at $53.31. Sell bracket at $60 and $52.30.
Back in to TQQQ at $53.31. Sell bracket at $60 and $52.30.
Are we just jockeying for tomorrow's Fed meeting?
Yeah, I'm gonna forget the single time in my working history that HR put a full stop on a hire of a 22-23 year old Aggie who was supposedly a child molester.....Maximus_Meridius said:
That story's never going to die, I don't think. It's all true, though. The only common grounds between me and Maximus the molester was our names, and somehow that triggered the alert. I'd say I'm surprised you remember it, but honestly how can you forget something like that.
Work crisis (mostly) avoided. The fix was pretty straightforward provided it gets approval in the next hour or so.
Be careful here everyone. My SPY and QQQ alerts are making me think we still go down here...
As a play on energy which has outperformed and also the Ukraine tensions, I bought OIH 2/4 $210 Calls this morning for $10.50. Just sold for $16. Yes, the high and the low and all 20 showing on the volume is my buy and sell. That is kind of weird to see.
ETA: Just saw the flash of a trade and assumed it was complete. That is not all mine. Only 3 of my contracts sold at $16. Still holding 7. There is other volume mixed in.
ETA: Just saw the flash of a trade and assumed it was complete. That is not all mine. Only 3 of my contracts sold at $16. Still holding 7. There is other volume mixed in.
I too have a pretty common name... not as common as say Bob Smith, but there a lots of people with my name. I got the big X at US customs with interview every single time I re-entered the country for about a decade cause some dude with my name was on the domestic terrorist list. Somehow that stopped in the last couple of years thankfully. Yea I know... cool story bro
Bob Knights Paper Hands
Joined:
Dec 22, 2010
Posts:
11,932
How long do you want to ignore this user?
Bob Knights Liver said:
Back in to TQQQ at $53.31. Sell bracket at $60 and $52.30.
I got out manually. Didn't like the way it looked. I think I'll stay away from that for a bit.
Was busy with the day job and missed the BBBY move. Come back down to an entry level please.
internals looking ok.
You don’t trade for money, you trade for freedom.
$30,000 Millionaire said:
internals looking ok.
Another lunchtime bounce..
59 South said:
I too have a pretty common name... not as common as say Bob Smith, but there a lots of people with my name. I got the big X at US customs with interview every single time I re-entered the country for about a decade cause some dude with my name was on the domestic terrorist list. Somehow that stopped in the last couple of years thankfully. Yea I know... cool story bro
My name is not very common, but someone with the same name committed securities fraud. When I was trying to get my licenses and then renew them, it was a nightmare.
Charismatic Megafauna
Joined:
May 22, 2017
Posts:
7,971
How long do you want to ignore this user?
AG
Spoony Love said:
Are we just jockeying for tomorrow's Fed meeting?
Yeah i think we chop until the script gets leaked
Everybody loves a dirt road
I hesitate a bit to bring a small cap to the board in this market, but wanted to mention PIXY.
Looks to have put in a left goal post on 12/27, been forming a cup and handle since. Might have missed the start of the move at the end of last week (handle completion). Just got through a big volume shelf a bit ago at 1.86, where I entered.
It's at 2.5x daily volume already today and up 7%.
Looks to have put in a left goal post on 12/27, been forming a cup and handle since. Might have missed the start of the move at the end of last week (handle completion). Just got through a big volume shelf a bit ago at 1.86, where I entered.
It's at 2.5x daily volume already today and up 7%.
$QQQ 1/28 350 call sweep. 1Milli worth @ 4.19
— Nick (@NlCKStocks) January 25, 2022
Maybe we are starting to see a leak from a Fed investor. Where's Nancy Pelosi or Dan Crenshaw?
I still can't help but point to those massive massive OTM SPX verticals on 2/11 and 2/18.Spoony Love said:
Maybe we are starting to see a leak from a Fed investor. Where's Nancy Pelosi or Dan Crenshaw?
Maybe the guy loses millions..........but I don't think so.
And this QQQ call sweep would tend to lean on the same directional move, only sooner.
Bob Knights Paper Hands
Joined:
Dec 22, 2010
Posts:
11,932
How long do you want to ignore this user?
Looking at QQQ bouncing today I see lower highs and lower lows. I'm not sure if that's tradable in this market though.
SPY also, but I wouldn't say it's very convincing or with much conviction.Bob Knights Liver said:
Looking at QQQ bouncing today I see lower highs and lower lows. I'm not sure if that's tradable in this market though.
Is the general consensus later Feb early March when we start trending up again
My guess is later half of year. Historically, in mid term years, the markets struggle the first half until the political landscape gets sorted out….markets hate instability or something?
My guess is this is not gonna be a great year to trade long. Find a few discounts that are trending up. Farmer has been indispensable on this front: BTI, T, and a few others. General Mills actually doing well. Oil can rally some more hopefully.
My guess is this is not gonna be a great year to trade long. Find a few discounts that are trending up. Farmer has been indispensable on this front: BTI, T, and a few others. General Mills actually doing well. Oil can rally some more hopefully.
That was a savage MM dump just now.
You don’t trade for money, you trade for freedom.
Bob Knights Paper Hands
Joined:
Dec 22, 2010
Posts:
11,932
How long do you want to ignore this user?
I get tuning everything out but the technicals, but this looks like an NFT play (that was discussed in guidance at the time of that right goalpost). It was bid up mainly AH and the large volume was mostly selling it back. Let me know how it goes, but I don't have the stones to follow at this point.
Charismatic Megafauna
Joined:
May 22, 2017
Posts:
7,971
How long do you want to ignore this user?
AG
Max Stonetrail said:SPY also, but I wouldn't say it's very convincing or with much conviction.Bob Knights Liver said:
Looking at QQQ bouncing today I see lower highs and lower lows. I'm not sure if that's tradable in this market though.
I just drew a pennant on the spy 1min that should complete in about a half hour. I was expecting a falling wedge but my artistry isn't mcinnis level and i couldn't make it happen.
Everybody loves a dirt road
Bob Knights Paper Hands
Joined:
Dec 22, 2010
Posts:
11,932
How long do you want to ignore this user?
McInnis 03 said:I still can't help but point to those massive massive OTM SPX verticals on 2/11 and 2/18.Spoony Love said:
Maybe we are starting to see a leak from a Fed investor. Where's Nancy Pelosi or Dan Crenshaw?
Maybe the guy loses millions..........but I don't think so.
And this QQQ call sweep would tend to lean on the same directional move, only sooner.
I followed that guy with some SPX FEB18 4715/4750 because I could get 25x upside on it. Sometimes I just can help myself.
Thanks, and good info that I hadn't seen.Bob Knights Liver said:
I get tuning everything out but the technicals, but this looks like an NFT play (that was discussed in guidance at the time of that right goalpost). It was bid up mainly AH and the large volume was mostly selling it back. Let me know how it goes, but I don't have the stones to follow at this point.
I have a comically tight stop on this one and fully expect to get bounced out of it sometime today, but it keeps showing up on my scans and finally broke through that volume shelf earlier.
Bob Knights Paper Hands
Joined:
Dec 22, 2010
Posts:
11,932
How long do you want to ignore this user?
VIX almost down to 32. Qs and SPX are at near the top of the little boxes they've danced in much of the day. I'm not gonna say it's aliens, but it's aliens.
Bob Knights Paper Hands
Joined:
Dec 22, 2010
Posts:
11,932
How long do you want to ignore this user?
Jinxed it again.
SPY seems to be sitting in the 23.6 and 78.6 and bouncing each time (levels at roughly 429.97 and 433.16). We may end the day with inside bar action, but the 23.6 and 78.6 levels are what I'm watching for a potential power hour. This thing keeps getting tighter.
I can see that.Charismatic Megafauna said:Max Stonetrail said:SPY also, but I wouldn't say it's very convincing or with much conviction.Bob Knights Liver said:
Looking at QQQ bouncing today I see lower highs and lower lows. I'm not sure if that's tradable in this market though.
I just drew a pennant on the spy 1min that should complete in about a half hour. I was expecting a falling wedge but my artistry isn't mcinnis level and i couldn't make it happen.
But aside from the initial sell off then recovery to 434 around 9:45, what we have here is a whole lotta sideways.
Featured Stories
See All
Texas A&M works to fill void left by Moss' season-ending injury
by Olin Buchanan
20:43
6h ago
712
Williams earns 350th career win as No. 23 A&M overwhelms Lamar
by Luke Evangelist
15:43
13h ago
1.3k
6:46
5h ago
346
Game Highlights: No. 23 Texas A&M 97, Lamar 71
by Matthew Dawson
55:45
17h ago
3.5k