Pretty orderly stairstep down
Stock Markets
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Last: 3 hrs ago by Swollen Thumb
Bob Knights Paper Hands
Joined:
Dec 22, 2010
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We are at the bottom of the bear supply zone on the 1-min and 1-hr charts for SPX and QQQ. It feels like we have to bounce soon. However, this is pretty angry selling right now.
I closed out 15 of my AMZN short shares to pay back my call lotto BS. I moved the stops on the others to my cost of $128.55.
I closed out 15 of my AMZN short shares to pay back my call lotto BS. I moved the stops on the others to my cost of $128.55.
APRN going!
Nice.
I know it isn't high volume but with that increase it was some serious selling. I'm guessing we have more later on today.
I know it isn't high volume but with that increase it was some serious selling. I'm guessing we have more later on today.
59 South said:
Triple Bagger watching his chart right now....
Spoony Love said:
Nice.
I know it isn't high volume but with that increase it was some serious selling. I'm guessing we have more later on today.
Latest trade is for you
You don’t trade for money, you trade for freedom.
no one can, lolsts7049 said:
i can't understand why you are going long right now
I hope you sold that. Lesson for you - any time a candle looks like that, dump it.
You don’t trade for money, you trade for freedom.
seen this one? lolProgN said:59 South said:
Triple Bagger watching his chart right now....
Should've trusted my judgment on LNG! It's down 15 pts in like 3-4 trading sessions. Ugh!
He will be right. Just watch.BREwmaster said:no one can, lolsts7049 said:
i can't understand why you are going long right now
You don’t trade for money, you trade for freedom.
Always trust your judgment.BaylorSpineGuy said:
Should've trusted my judgment on LNG! It's down 15 pts in like 3-4 trading sessions. Ugh!
You don’t trade for money, you trade for freedom.
59 South is a man of his word. Cheers!
If you can't understand why I'd want to buy QQQ at $300 for a long term hold then I don't know what to tell you.BREwmaster said:no one can, lolsts7049 said:
i can't understand why you are going long right now
And if it dumps to $290, know what I'll do? Buy some more.
I'm swinging this for a big gain. I have moved my stops up. Half at a limit sell of 48.
Other half I plan to attempt to ride to the bottom of the megaphone. Moving stops up the whole way.
Other half I plan to attempt to ride to the bottom of the megaphone. Moving stops up the whole way.
All week 4020 has been the sell trigger in #ES_F and its clear why. Excellent follow through with 4k, 3985-80 1s targets & clipped 3985-80 (now basing here after quick wash below)
— Adam Mancini (@AdamMancini4) August 30, 2022
Bounce zone, but 4020-30 must reclaim to set a "low". Today's low fails, we begin next leg to 3870 https://t.co/WtY9Vtau3r
APRN getting close to breakout. GO BABY GO!!
APRN BOOM!!!!
FED'S BARKIN: I AM CONCENTRATED ON BRINGING RATES TO RESTRICTIVE TERRITORY.
— Breaking Market News ⚡️ (@financialjuice) August 30, 2022
You know what people are going to like less than inflation? No jobs.
F the fed. They're playing with peoples lives.
F the fed. They're playing with peoples lives.
You don’t trade for money, you trade for freedom.
FIGS chart set up looks excellent for a breakout move.
Yep
I've come to collect receipts on my overnight puts. Granted you could have entered them at the open as well, but did you?
A big green account when the market is falling is better than sex
Yes, but made more playing the easy bounces.
You don’t trade for money, you trade for freedom.
Went with 100 Oct 21 $12.50 FIG calls.oldarmy1 said:
FIGS chart set up looks excellent for a breakout move.
Recently retraced to model T and bounced, big volume a few days ago, EMAs are tight
Check the bookend trade it gave. Wish I had seen it back then in the $7's!
ouch that APRN dump. Stays above $6.40 I think is healthy.
SPX coiling for move on the 5 min, break up or down soon off 3985 level
SHOP purchased across all retirement accounts I manage. I just knew we'd get back into the $30's.
I did buy Sept 16 $35 calls in trading account as well.
I did buy Sept 16 $35 calls in trading account as well.
Bob Knights Paper Hands
Joined:
Dec 22, 2010
Posts:
11,585
How long do you want to ignore this user?
Dan Scott said:
A big green account when the market is falling is better than some sex
FIFY
Dan Scott said:
A big green account when the market is falling is better than sex
You're doing something wrong. I'm old but I'm not that old!
Why the sell off now? What is priced in that hasn't been known for the past 6 months or more? The summer bull run and now this??? Why now?
The Fed controls the market. People thought the Fed was done with interest rate hikes after Powell said they had reached neutral levels with rates during the July FOMC speech. This was misinterpreted and every Fed speaker after that speech tried to clarify but the market didn't listen and rallied all the way to the 200 EMA. Powell set the record straight at the Jacksonhole speech last Friday and now the market is adjusting for more rate hikes and more time with higher rates.Romello said:
Why the sell off now? What is priced in that hasn't been known for the past 6 months or more? The summer bull run and now this??? Why now?
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