SPX still above opening price. QQQ dipped below. I'm waiting for both to trend together before trading either way.
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Last: 3 hrs ago by Heineken-Ashi
Bob Knights Paper Hands
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Damn it, got to $26.98 before it fell off a cliff. That stings.
Weird day at the moment. MSFT is diving. AAPL is green. Now AMZN is diving along with everything.
they are about to flush it...
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One counter to this is that Inflation may be falling in alot of sectors - but Housing is data lagged by 8ish months or so. So there is a very real chance the inflation print pops solely due to the crazy rent and home price growth we saw at the end of last year and the beginning of this year.Ranger222 said:
If things get ugly today upside calls will be cheap for a not as bad as expectations CPI print tomorrow morning. Seems the fear around it is even ratcheted higher than the last
For example - Rent growth has been over 20% for last year in DFW and home price appreciation was very similar. I think that would be hard to cover on the CPI print.
With 5 straight green days last week, #ES_F seeing needed cool-off into CPI. 3855 was support yesterday: Loss was trigger to 3820 as posted and hit exact overnight
— Adam Mancini (@AdamMancini4) July 12, 2022
Plan today: 3810-20 = support. Bulls need > 3855 to trigger upside to 3900+. 3810 fails, we see 3770, gate to 3665 https://t.co/9q1OuPKiiF
Got two cents from my sell price, then it falls to 25.53, three cents from my 25.50 buy price on my Roth.Brian Earl Spilner said:
Damn it, got to $26.98 before it fell off a cliff. That stings.
TQQQ just wants to screw me today.
Urgency is just not in their dictionaries. Except for the Poles (and a handful of other Eastern Euros) and also the Deliveroo delivery guys, wherever they may be from.AggieMainland said:
Europeans mail it in at work when things are good. They are not going to magically work harder during times of adversity. The incentive isn't there.
Macro all about 3850 - just a massively important level and pivot point.
Bob Knights Paper Hands
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I made a little on TSLA puts, but missed the bottom because I was on the road. I think the market actively monitors when I'm in a meeting or on the road these days. I never knew I was so important.
383 and 3840 for SPY & SPX have seen solid support today. On the flip side they are struggling mightily with 384 & 3850.
Bob Knights Paper Hands
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I got in some TSLA 700C a few minutes ago. A run up to the top of the intraday channel would do it for me.
Bob Knights Paper Hands
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Bob Knights Liver said:
I got in some TSLA 700C a few minutes ago. A run up to the top of the intraday channel would do it for me.
I took my money and ran just now. Right or wrong I'm green for the day.
Good call! SPY 385 might be some resistance.Bob Knights Liver said:Bob Knights Liver said:
I got in some TSLA 700C a few minutes ago. A run up to the top of the intraday channel would do it for me.
I took my money and ran just now. Right or wrong I'm green for the day.
Bob Knights Paper Hands
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If we bounce here, SPX may finally run to the top of that channel. If we fail, it'll go back to the bottom.
Bob Knights Paper Hands
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Bob Knights Liver said:
If we bounce here, SPX may finally run to the top of that channel. If we fail, it'll go back to the bottom.
Scalped some more TSLA 700C just now. VIX is at the top of the downward channel it's been it. SPX is reaching the top of it's intraday channel. Something's got to give.
Bob Knights Paper Hands
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Charismatic Megafauna
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Check out crwd on the hourly going back about 2 months. Just bought some 192.5/197.5 spreads for next week for a buck, and some stupid otm sept 16 spreads for earnings
Did I miss some airline news?
replay of bulls trying to hold over 3850's...
Bob Knights Paper Hands
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SPX coming off the top of the channel. Will is bounce at the midpoint or continue on down? Also I know charting VIX is usually not helpful, but it broke out of that downtrend it's been in since this morning. I got back into TSLA 710P. Right now trending water.
Based on everything we're reading about travel issues around the globe, you wouldn't expect to see big jumps like that. The stock market sucks lol
Bob Knights Paper Hands
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Could be lower fuel prices or less COVID scares? Maybe more Federal subsidies? I guess basically I haven't heard *****
anyone here on the BMIX penny train?
Bob Knights Paper Hands
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About to test that opening price and 3750 area again?
Bob Knights Paper Hands
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sts7049 said:
anyone here on the BMIX penny train?
No. My trading account had enough of those trains run on it during second half of 2021.
beautiful bear flag forming on SPY. My guess is we dump this afternoon. .
Bob Knights Paper Hands
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I just bought TSLA puts again. If SPX losses opening price here, I think TSLA will have a big move down.
If they aint mining graphite I aint interestedsts7049 said:
anyone here on the BMIX penny train?
Brian Earl Spilner said:
Did I miss some airline news?
*AMERICAN AIR SEES 2Q REV. TO BE UP ABOUT 12% VERSUS 2Q OF 2019
— *Walter Bloomberg (@DeItaone) July 12, 2022
*AMERICAN AIR 2Q PRELIM REV. UP ABOUT 12% VERSUS 2Q OF 2019$AAL
Bob Knights Paper Hands
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wanderer said:If they aint mining graphite I aint interestedsts7049 said:
anyone here on the BMIX penny train?
Too soon. That one was like the Ace and Gary train tunnel gif.
Hah. I can joke about it since I'm up to my eyeballs in paper losses on that one.
Bob Knights Paper Hands
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Dammit. Brutal ****ing chop.
Bob Knights Paper Hands
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wanderer said:
Hah. I can joke about it since I'm up to my eyeballs in paper losses on that one.
You and me both. I'm pretty sure they had a few "Bob averaged down again" company parties.