Somehow managed to buy TQQQ and UPRO below their 52 week lows today. Did alright.
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Last: 3 hrs ago by Heineken-Ashi
TSLA, woof
Farmer @ Johnsongrass, TX
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Bear hugs to a green market
XOM is gonna kill-it next week. In fact, I'm pretty sure everything will be up.
Gotta go buy another grill, steaks are waiting on me!
BTHOOleMiss!
XOM is gonna kill-it next week. In fact, I'm pretty sure everything will be up.
Gotta go buy another grill, steaks are waiting on me!
BTHOOleMiss!
So SPY close at 389.73 the highest volume of PUTS were at 385 and 390. All of that premium eaten up in the last hour. I'll be watching the put/call ratio and price points closer from now on.TChaney said:So if we totally ignore charts and they are able to stay in control then the target price would be to close at ~385.01 or all the way to ~390.01. The latter not being very likely but still possible.$30,000 Millionaire said:
I tend to think they won't want to pay all these puts and will bounce some.
Have a great weekend Gents!
Next week little to no trading for me. Back in the diligence saddle.
I know a tough week for many. Next week is a new week so go recharge. The close was good and without digging in technically I think an RDR which typically is bullish for the following several days.
Now go enjoy your family and weekend.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Farmer @ Johnsongrass, TX said:Yes as an answer to your first statement.SoupNazi2001 said:Farmer @ Johnsongrass, TX said:Maybe there's a difference between bloated Growth Tech stocks with high PE's and Value stocks with normal PE's. One is getting a correction and the other is prospering. One is based on a promise and the other delivers the goods. Just a thought.. Value stocks aren't sexy, but I'm still mooing and my windows remained unlocked. I respectfully disagree, we aren't in a bear market. We're at minimum 2,000 points away. This is a cyclical bear market within a bull market mega trend. The bull remains intact.Ag CPA said:
For those of you experiencing your first real bear market (2020 does not count) the thing that crushes souls is not necessarily the market drops; yes most stocks will eventually recover and you will get your money back and make some more. It is the passage of time, the agonizing amount of time it can take to bottom out, slowly move back up, go back down again... This reversal could take years, like it did in 2000 and 2008 and waiting around while your dreams turn into years is demoralizing.
Anyways, happy Friday.
You don't think we are in a bear market because one index compromised of 30 stocks isn't off 20%. The vast majority of stocks have been in a bear market a long time. Large caps are finally catching up last as they always do.
So,...was it a Bear Market today or OPEX? I'm confused..
We agree to disagree.
I don't see how someone can claim they disagree it's a bear market.
SP500 just broke below a 20% drop today. The Nasdaq and the Russell have been below a 20% drop for a long time, and the Dow is a few percentage points away.
It's not a matter of personal opinion- if the market drops more than 20% from it's previous high it's a bear market.
Farmer @ Johnsongrass, TX said:
Bear hugs to a green market
XOM is gonna kill-it next week. In fact, I'm pretty sure everything will be up.
Gotta go buy another grill, steaks are waiting on me!
BTHOOleMiss!
LMCane said:Farmer @ Johnsongrass, TX said:Yes as an answer to your first statement.SoupNazi2001 said:Farmer @ Johnsongrass, TX said:Maybe there's a difference between bloated Growth Tech stocks with high PE's and Value stocks with normal PE's. One is getting a correction and the other is prospering. One is based on a promise and the other delivers the goods. Just a thought.. Value stocks aren't sexy, but I'm still mooing and my windows remained unlocked. I respectfully disagree, we aren't in a bear market. We're at minimum 2,000 points away. This is a cyclical bear market within a bull market mega trend. The bull remains intact.Ag CPA said:
For those of you experiencing your first real bear market (2020 does not count) the thing that crushes souls is not necessarily the market drops; yes most stocks will eventually recover and you will get your money back and make some more. It is the passage of time, the agonizing amount of time it can take to bottom out, slowly move back up, go back down again... This reversal could take years, like it did in 2000 and 2008 and waiting around while your dreams turn into years is demoralizing.
Anyways, happy Friday.
You don't think we are in a bear market because one index compromised of 30 stocks isn't off 20%. The vast majority of stocks have been in a bear market a long time. Large caps are finally catching up last as they always do.
So,...was it a Bear Market today or OPEX? I'm confused..
We agree to disagree.
I don't see how someone can claim they disagree it's a bear market.
SP500 just broke below a 20% drop today. The Nasdaq and the Russell have been below a 20% drop for a long time, and the Dow is a few percentage points away.
It's not a matter of personal opinion- if the market drops more than 20% from it's previous high it's a bear market.
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miss ya Irish
For y'all next week.
SPY
If we push up be watching the yellow downtrend line for rejection and the red SR levels just above. Green line is high of this week.
Trade wisely!
PS - I held the 400C I bought at the low for next Friday expiring although they are more than double. Want to see what we do Mon/Tue. Need something to recover my stopped short disaster (big lost opportunity combined with red trades)
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Tremendous warning issued by me almost at the lows of the day. Before almost 100 point rally.
— emini tic (@TicTocTick) May 20, 2022
😅
Lows are in, 420 next. https://t.co/GrBj3W5jsX
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
People are going to be champing at the bit on Monday morning. Remind me not to press any buttons until at least 30 minutes after open to see how we settle.
I am not convinced the bottom is in. But could be short/mid term.GreasenUSA said:
People are going to be champing at the bit on Monday morning. Remind me not to press any buttons until at least 30 minutes after open to see how we settle.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Bob Knights Paper Hands
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FJ43 said:
Today setting up into close as an RDR
I like it when we talk dirty on here.
FJ43 said:Tremendous warning issued by me almost at the lows of the day. Before almost 100 point rally.
— emini tic (@TicTocTick) May 20, 2022
😅
Lows are in, 420 next. https://t.co/GrBj3W5jsX
I'm calling BS on this.
Bob Knights Paper Hands
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Tic self promotes way too much, IMO, but he's pretty good. Who knows which way we'll go from here.
There are solid traders on both sides of the next direction. Take your pick....XXXVII said:FJ43 said:Tremendous warning issued by me almost at the lows of the day. Before almost 100 point rally.
— emini tic (@TicTocTick) May 20, 2022
😅
Lows are in, 420 next. https://t.co/GrBj3W5jsX
I'm calling BS on this.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Weird week. Up, down, up, down, the took a big swing on the QQQ 285c for Monday. Bought 25 contracts at $2.06. Sold 10 at $3.19, 5 at $3.69, and final 10 at $4.14. Didn't hit the top but made back plus some for the week. Also I didn't want to hold over the weekend.
Solid trade and scaling out. Congrats!
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Looks like a few more WWR filings for insider buys today.
Made 600% return on my SPY 420P 5/20. It was a rollercoaster.
I wonder if tough rate hike talk and weaker action will be a tool to more aggressively reduce balance sheet in a strong market 2nd half of 22. Perhaps that's the background strategy for a "soft landing". Only thing I'm certain of is while all of us are speculating on the Feds strategy, the Blackrocks of the world know with absolute certainty what their plan is. Each crisis Blackrock comes out with trillions more AUM. Rigged.
SoupNazi2001 said:bmks270 said:
I've got first time stock investing friends telling me they are going to buy in if it drops further. I think we are seeing the beginning of the bottom. People buying as it goes lower.
Are you kidding. That is a telltale sign we haven't bottomed. Bear market bottoms typically happen when people give up and stop thinking we've bottomed.
Seems I have a bit to learn about bear markets.
XXXVII said:FJ43 said:Tremendous warning issued by me almost at the lows of the day. Before almost 100 point rally.
— emini tic (@TicTocTick) May 20, 2022
😅
Lows are in, 420 next. https://t.co/GrBj3W5jsX
I'm calling BS on this.
Look that guy knows more than me but he also deletes a lot of tweets
Bottom my ass. Maybe until Monday.
Bob Knights Paper Hands
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Jet Black said:
Bottom my ass.
Sounds like you have an adventurous weekend planned out.Jet Black said:
Bottom my ass. Maybe until Monday.
Jet Black said:
Bottom my ass. Maybe until Monday.
Hey man what you do with your friends on a Friday night is your business
Cramer screaming at fed to raise 100, then say he will raise another 100..."no more Mr. Nice guy" lol
He says market is tanking bc Fed is not aggressive enough with rate hikes. FWIW maybe fade opportunity
He says market is tanking bc Fed is not aggressive enough with rate hikes. FWIW maybe fade opportunity
BlueTaze said:
Cramer screaming at fed to raise 100, then say he will raise another 100..."no more Mr. Nice guy" lol
He says market is tanking bc Fed is not aggressive enough with rate hikes. FWIW maybe fade opportunity
I thought the typical market response to rate hikes would be to tank.
#alwaysfadecramer
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
We probably rally next week then dump in June when QT starts back up. I think we will capitulate through September then rally. By then the fed is fully ramped on QT so all of the fed info will be known.
🛑 China is preparing for war. First, Xi orders Chinese banks to risk asses and insulate against potential U.S sanctions. Now Xi is directing Chinese nationals overseas to divest of any assets. China has been hoarding grains for over a year…Xi’s 1/5 https://t.co/2JpTDW0Zou
— 🇺🇸Kyle Bass🇺🇦 (@Jkylebass) May 20, 2022
Bob Knights Paper Hands
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*gulp*
War or as soon as Ukraine concedes, China makes a big play for the yuan to dethrone USD as the global currency.
War or as soon as Ukraine concedes, China makes a big play for the yuan to dethrone USD as the global currency.
Good news if you hold Raytheon stock