Watching for the test of the 10DMA may come in to play for me today if we can't get beyond 410. If below that until after lunch hour, I would think we see a dive toward testing the 10dma. You're right, supply is low.
Maybe they'll blow it up on the tarmac...irish pete ag06 said:
Pelosi's plane landing safely caused VIX to drop 1.2 points so far.
I really thought one of those scrambled SU's was gonna lay waste to that runway.Spoony Love said:
Time for a sleeper cell in Taiwan to activate
I don't even see how the Fed is propping up the market. I know QT isn't happening very quickly like it should, but the interest rate hikes have only just begun if you ask me.Irish 2.0 said:
This market has every reason to go lower, but the ****ng Fed keeps propping it. This is only delaying the inevitable and the 'soft landing' rhetoric is going to **** a lot of people
Agreed. I was just saying I don't agree that it's the Fed "propping it up". The market is propping itself up until the Fed kicks the other crutch away and it drops again.irish pete ag06 said:
This is just a bear market rally, and it has a long way to go to not be one. If you zoom out on the weekly, still not even close to showing a full reversal yet.
No idea, but I'd never touch a stock with a $250 spread on the Bid/Ask.bmoochie said:
Can someone smarter than me explain that ticker HKD that Baylor mentioned yesterday? I am not in it but I am very confused how a stock can run from $12 to now $1,455 in a few weeks on basically no volume. Today's volume alone is barely over 200k shares traded and its up over $700 as of this post. I just don't understand how that is possible.
$HKD now has a larger market cap than Bank of America $BAC and Alibaba $BABA ... WTF is happening 😂😂😂 https://t.co/3HKNU0HCH6
— Stock Market News (@StockMKTNewz) August 2, 2022
spot on$30,000 Millionaire said:
Hard spot here. I think SPX probably gets up to 4140 area today. When sell comes, it will be fast and unexpected. This is boring / dull market territory. You don't want to be short a dull market.
Don't forget AMCDecay said:
EVERYONE BUY GME BEFORE IT GOES OFF AGAIN
That's exactly what it is. This is my tinfoil hat on it.Ag CPA said:
Chinese company, would not be surprised if laundering is going on here.
****ing FINALLY!! Mester is who was needed to blow the whistle I guess. Give us a nice inverted hammer and lets have a repeat of June. RIP OFF THE ****ING BANDAID!!!!Irish 2.0 said:
This market has every reason to go lower, but the ****ng Fed keeps propping it. This is only delaying the inevitable and the 'soft landing' rhetoric is going to **** a lot of people
Those C20s are $124 now (+300%)Triple_Bagger said:Most of those weekly C20s were day trades yesterday. Over 3,000 in volume and only 800 OI today. I sold mine for $52 this morning (+73%). Still holding shares and 1/2024 C120/150 spreads.Bob Knights Liver said:Triple_Bagger said:
SAVA Degenerates; there's some unusual volume on this weeks C20. They're supposed to announce Q2 earnings this week so they might give an update on the clinical trials. Might just be shorts hedging, but it's a cheap lotto ($30).
I've mentioned before that I opened a bunch of GTC SAVA 1/2024 call credit spreads at various stokes, that would Mac out at 100:1 payout. The five $120/$150 spreads executed this morning. There's something going on with SAVA. It may simply be earnings anticipation, but something is up.