Futures look pretty grim, may get that overnight 4100 test.lobwedgephil said:I think we get a buyable dip tomorrow. Can't imagine not testing 4100 while here, but could happen overnight.FJ43 said:
I say lets rip to SPY 423 tomorrow.
Why not.
Futures look pretty grim, may get that overnight 4100 test.lobwedgephil said:I think we get a buyable dip tomorrow. Can't imagine not testing 4100 while here, but could happen overnight.FJ43 said:
I say lets rip to SPY 423 tomorrow.
Why not.
I'll be danged... I never took a position here, but this popped to 2.35 today. I'm leaving it on my watchlist.irish pete ag06 said:
Messing around in small cap land... doing some scanning. Found VIVK. It's oil. Did a reverse split 1:30 a while back.
2 massive goal posts.
That's all I know about this company. Oh and their web site looks legit. That's it.
CATHIE WOODS BOUGHT 300,000 $NVDA SHARES LAST WEEK. TODAY SHE SOLD ALL OF THEM FOR A MASSIVE LOSS.
— Gurgavin (@gurgavin) August 24, 2022
I THOUGHT HER TIME HORIZON WAS 5 YEARS NOT 5 DAYS.
GreasenUSA said:Fine, I'll discuss the trade of the day for me today. Nothing confirmed this morning, so I was just sitting on my hands.FJ43 said:
Man y'all are a quiet bunch this week. Not much for me to read and catch up on at night.
Let's go gents!
I saw NFLX was backtesting 230 and decided I'd go for a rejection trade. Reason being, I am short term bearish on NFLX after the downgrade yesterday, and it sliced down through 230 pretty violently yesterday, tried to reclaim it twice, and couldn't.
Rejections aren't usually my type of trade, so I went down to half size, and was going to give it a short leash, with a stop loss over 230.50. Threw out a limit short at 229.88. It filled when NFLX reached its HOD at 229.90, and started working it's way back down. Covered 1/3 at 228.33, then covered the next 1/3 just above yesterday's LOD at 224.85. My target on the final 1/3 was 222.65, and I moved my stop loss on these down to what would be just above the model T from HOD to LOD... set it for 227.12, which was eventually hit. NFLX trades thin, so I should have given a little more leash on that final bit, because it didn't go higher than 227.24 before working its way back to the LOD.
BaylorSpineGuy said:
Here you go, FJ! Here's some blabbering from a modestly inexperienced trader (me):
Have been watching Ron Walker each of the last few nights. Nice discussion and commentary and market analysis. Combines many different TA techniques. Very stimulating intellectually.
But….I gotta say this: nothing is more satisfying than hearing him say the word "dump". I literally laugh out loud every time he says it.
FTR, as others mentioned, he thinks we will likely find a short term bottom in the 4080-4100 range with a run back up to the recent highs. You also mentioned the bottom of that box in the 408 SPY range. He shows a couple scenarios.
But let's let history give us some insight. In each of past couple years, Sept 3-4 has been the high before a sell off extending through the remainder of the month. Karsan more or less describes a similar situation with a lot of weakness around OpEx and the ensuing Monday.
Once we show a reversal candle, I'm short term bullish safely up to the 4200-4220 range (also Model T) from recent high if we bottom around 4080-4100.
lobwedgephil said:I think we get a buyable dip tomorrow. Can't imagine not testing 4100 while here, but could happen overnight.FJ43 said:
I say lets rip to SPY 423 tomorrow.
Why not.
We are now on Day 3 of #ES_F doing *exact* same thing over and over: Sell, slight lower low overnight, return to 4145 magnet level. Bears big picture remain in control <4200
— Adam Mancini (@AdamMancini4) August 24, 2022
Plan today: As long as 4145-50 holds, 4095, 4060 in play direct. Above 4145, we test 4170, 4200 major res https://t.co/Wu5BpQKUuf
Peloton strikes a deal to sell fitness equipment and apparel on Amazon: CNBC$PTON
— *Walter Bloomberg (@DeItaone) August 24, 2022
BaylorSpineGuy said:
30K, weren't you in Seattle when this meeting was happening last year?Peloton strikes a deal to sell fitness equipment and apparel on Amazon: CNBC$PTON
— *Walter Bloomberg (@DeItaone) August 24, 2022
It could be that was the intention and Amazon didn't want that much exposure to a failing business model. A selling agreement could be a way to test the waters and see if there's staying power after COVID or if the downturn for Peloton is permanent.tailgatetimer10 said:
I swore this was going to result in an acquisition. Oh well. Not a bad thing.
he lives!Heineken-Ashi said:
4 days of solid downhill beer candles. Standard support at 4035 and then round number support at 4000, then "please please please" support at 3960. Looking for the beer candles to continue downward. First sign of reversal is a double wick candle.
nice chart, following$30,000 Millionaire said:
I bought some AMPY. Will start to trim in the 8.3 area.
Stop 7.2
$ENVX
— HiddenPivots (@HiddenPivots) August 24, 2022
VP P. Donnelly presentation on Sept 13 @ 4:30pm ET titled “Overcoming Generations of Innovation Roadblocks to Create & Commercialize the Next-gen Lithium-ion Battery,” will provide an overview of Enovix and its application to the EV market@AlderLaneEggs @TheCubanCannon pic.twitter.com/V7P5SIun6M
$SPY $586K OTM Lotto
— Cheddar Flow (@CheddarFlow) August 24, 2022
Strike: 420
Expiration: 8/26 pic.twitter.com/7bij8MaaDW
Decay said:It could be that was the intention and Amazon didn't want that much exposure to a failing business model. A selling agreement could be a way to test the waters and see if there's staying power after COVID or if the downturn for Peloton is permanent.tailgatetimer10 said:
I swore this was going to result in an acquisition. Oh well. Not a bad thing.
Market is waiting on a catalyst to make a trend move. That catalyst is probably your buddy Jerome.Golf1 said:
Choppy trading day so far.