I needed that reminder. We also still have not taken out the June high. Finish July on a positive month and make everyone feel good. Until we take out June high qqq 314.56, we have to keep our head on a swivel always watching for the bull trap and rug pull.Irish 2.0 said:
The volume this month is anemic compared to the two prior months. July is currently at ~30.2MM with one trading day left. May and June volumes were 41.1MM and 39.1MM, respectively. Whole lot of people still not participating in this rally.
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She knows the Chip Bill won't pass the house.Irish 2.0 said:I hate the *****, but her ******bag hubby dumped the NVDA for a loss.Farmer @ Johnsongrass, TX said:
Senate passes Chip Bill and Pelosi got a pay day..
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Part of that may have been due to the last few weeks waiting for earnings and FOMC more than normal. It's still a valid point though about the run back over 50-day without large volume. If we close above opening SPX and QQQ prices today, I'm continuing to move more bullish. Still don't get out over skis and such.
Let's go PED.
Yep, still an inside month at this point.
Still needs to clear 309.05 before a potential squeeze again
qqq monthly and weekly candle are green, so trying not to fight the trend and play mainly long, only for this week/month. I am not holding anything long now overnight now that we are close to the monthly high. Long term trend for the year is still down and I will waiting for the new month to confirm a direction. Next month looks like a lot of value to the downside to continue with the yearly trend, however this is a lot of space to the upside also if the bulls want to take charge.irish pete ag06 said:
Yep, still an inside month at this point.
Out of my tqqq in the 307.85 area qqq. Been one of my better trading days today.
Bought a small SPXU position. I think it's gotta trend down relatively soon here.
4060 on the /ES is what a lot of the furus called for before a steep downturn. So we're basically there nowBrian Earl Spilner said:
Bought a small SPXU position. I think it's gotta trend down relatively soon here.
I'm scaling into VIX $30 September calls.
Not suggesting anyone follow, just feels like a good swing.
Not suggesting anyone follow, just feels like a good swing.
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Anyone have the details behind the "Inflation Reduction Act of 2022" that was just thrown out there?
Brian Earl Spilner said:
Bought some LUV in my Roth to try and swing trade on the dip.
Looking good thus far. Might take profits at 41-42 range.
Looks like my Amazon will get called out and actually my SPY calls are in jeopardy of getting called out. Think I'm okay with pulling part of my money for a bit right now.
730 billion in spending on Green energyRed Pear DFW Luke said:
Anyone have the details behind the "Inflation Reduction Act of 2022" that was just thrown out there?
raise 430 billion in tax increases on "rich companies"
topher06 said:
Looks like my Amazon will get called out and actually my SPY calls are in jeopardy of getting called out. Think I'm okay with pulling part of my money for a bit right now.
What's your strike?
Graphite, lots of graphite.Red Pear DFW Luke said:
Anyone have the details behind the "Inflation Reduction Act of 2022" that was just thrown out there?
How does 1 million volume show up on MRK in 1 minute?
At +2 and a long way above the mean.
Mr. Sell should be arriving shortly.
Mr. Sell should be arriving shortly.
You don’t trade for money, you trade for freedom.
I'm on an airplane and I'm getting bored here waiting for sell.
You don’t trade for money, you trade for freedom.
Been waiting for the sell since ****ing yesterday...
Guess it will hinge on AAPL and AMZN ER today.
Guess it will hinge on AAPL and AMZN ER today.
410 on 8/5. Bought these shares below $400 (some barely below), so I'm good separating from them as I don't think we should be going up like we are (I'm probably wrong though).Lake08 said:topher06 said:
Looks like my Amazon will get called out and actually my SPY calls are in jeopardy of getting called out. Think I'm okay with pulling part of my money for a bit right now.
What's your strike?
really just +2 up here? feels like over 3, lol.$30,000 Millionaire said:
At +2 and a long way above the mean.
Mr. Sell should be arriving shortly.
about that....Triple_Bagger said:She knows the Chip Bill won't pass the house.Irish 2.0 said:I hate the *****, but her ******bag hubby dumped the NVDA for a loss.Farmer @ Johnsongrass, TX said:
Senate passes Chip Bill and Pelosi got a pay day..
https://www.wsj.com/articles/house-passes-chips-act-to-boost-u-s-semiconductor-production-11659035676?mod=djemalertNEWS
/ES up 350pts in two weeks...This is normal...
I heart 30k
Earnings report time…
Adios ROKU
Amazon beats across board. I was wrong. Margins were better.
AMZN rocket
Wow Amazon!
You don’t trade for money, you trade for freedom.
if AAPL beats, tomorrow is gonna be a great day
Something to watch in Treasuries y'all.
Overnight FedFunds is at 2.5% - FED is signaling three more 0.25% raises this year to 3.25%
BUT
2 year treasury is at 2.66%
The market is, for the first time with J Powell at the helm, telling the FED "You don't have the balls to see this through." It's an incredible dynamic.
Overnight FedFunds is at 2.5% - FED is signaling three more 0.25% raises this year to 3.25%
BUT
2 year treasury is at 2.66%
The market is, for the first time with J Powell at the helm, telling the FED "You don't have the balls to see this through." It's an incredible dynamic.
I wonder why she sold then. She's the best trader of our generation and rarely makes mistakes like this. Maybe a sell the news scenario.
Because the purchase was too exposed and close to the timing of the CHIPS bill. It didn't pass the sniff test and to dump it for a little loss was smarterTriple_Bagger said:
I wonder why she sold then. She's the best trader of our generation and rarely makes mistakes like this. Maybe a sell the news scenario.
Triple_Bagger said:
I wonder why she sold then. She's the best trader of our generation and rarely makes mistakes like this. Maybe a sell the news scenario.
Probably because she realized how bad it looked, especially with other Dems looking to ban trading in congress.
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