Made 17% on the DNN uptick today. Will add more when it slides back to $1.23-1.25 range. Thanks FJ43
Stock Markets
24,683,051 Views |
233387 Replies |
Last: 30 min ago by Ranger222
SPY scalping.
Watching yellow intraday trendline and red SR (major)
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
So does it need to break through that yellow intraday trendline to establish a new intraday trendline, or how does it reset the intraday?FJ43 said:
SPY scalping.
Watching yellow intraday trendline and red SR (major)
Rejecting the 398.18 SR so far. Want to see if rejects the yellow intraday downtrend line. If so I scalp short with tight stop. If it's the the red SR major being rejected I rinse and repeat for next week 395P.
For me other than that I sit on hands and let price come to me and determine my trade. No reason to press here.
For me other than that I sit on hands and let price come to me and determine my trade. No reason to press here.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Red Pear Luke (BCS)
Joined:
May 20, 2021
Posts:
2,196
User Profile
Private Message
How long do you want to ignore this user?
Sponsor
AG
Queen has died.
They either know something OR this could be fuel for a big ol short squeeze if everyone is leaning that bearish.
Sometimes, there's a chart that just blows your hair back.
— SentimenTrader (@sentimentrader) September 7, 2022
In 22 years of doing this, none stand out like this one.
Last week, institutional traders bought $8.1 billion worth of put options. They bought less than $1 billion in calls.
This is 3x more extreme than 2008. pic.twitter.com/paqtIFxogE
Charismatic Megafauna
Joined:
May 22, 2017
Posts:
7,972
How long do you want to ignore this user?
AG
Red Pear BCS Luke said:
Queen has died.
Let's see how the market reacts. Lol.
I could not disagree w/ @saxena_puru more… tune in @TDANetwork with @OJRenick @ 9:30am 🥐ST to understand why! https://t.co/y4eS9Nvna4
— Cem Karsan 🥐 (@jam_croissant) September 8, 2022
He addresses this chart specifically.
Charismatic Megafauna
Joined:
May 22, 2017
Posts:
7,972
How long do you want to ignore this user?
AG
If daniel pops in I'm going full port vxx
Guess her death was "priced in".
Is there a stock for fancy hats?
SPY not getting the momentum to get back over 399.50. FJ's levels look correct right now. FJ, reloading puts? I hate betting on don't pass and already did yesterday, but guess we are all mercenaries in the market.
EDIT: Between this and my call regarding puking, I'm on quite the roll. Next prediction: Texas A&M is going to lose all of our remaining football games this year.
EDIT: Between this and my call regarding puking, I'm on quite the roll. Next prediction: Texas A&M is going to lose all of our remaining football games this year.
Farmer @ Johnsongrass, TX
Joined:
Sep 25, 2017
Posts:
5,415
How long do you want to ignore this user?
ELI5
might be game on here soon for shorts. OR not, busted through intraday downtrend.FJ43 said:
Rejecting the 398.18 SR so far. Want to see if rejects the yellow intraday downtrend line. If so I scalp short with tight stop. If it's the the red SR major being rejected I rinse and repeat for next week 395P.
For me other than that I sit on hands and let price come to me and determine my trade. No reason to press here.
Huh? Not sure I follow?
Farmer @ Johnsongrass, TX
Joined:
Sep 25, 2017
Posts:
5,415
How long do you want to ignore this user?
No worries. I don't understand Cem Karsan's messaging. What's he saying in that tweet?
Just reading the tweet thread it sounds like he thinks the market is going to keep going down and that the WSB crew is going to follow along with the huge put buying.
BaylorSpineGuy said:
Huh? Not sure I follow?
Explain it
Like
I'm
Five (5)
Do all these guys with Reddit followers just front run their posts? Seems like the only easier way to trade would be elected a member of Congress.BourbonAg said:
Just reading the tweet thread it sounds like he thinks the market is going to keep going down and that the WSB crew is going to follow along with the huge put buying.
Sure seems that way.
Farmer @ Johnsongrass, TX
Joined:
Sep 25, 2017
Posts:
5,415
How long do you want to ignore this user?
May just squeeze a red day out of this chop yet.
He's sometimes difficult to decipher but occasionally he's straightforward and honest.
What I gathered today is that that chart is not entirely accurate. It wasn't adjusted for market growth compared to 2008 (options on SPY at 100 vs options pricing at 400 vs single equities). Most of the chart is single equity positioning. Still, he thinks this is bearish overall and he believes the main period of weakness is Fred options expiration in September (or slightly before if people front run some).
My guess is next week is when the weakness begins. And the week after that will have some nasty follow through.
What I gathered today is that that chart is not entirely accurate. It wasn't adjusted for market growth compared to 2008 (options on SPY at 100 vs options pricing at 400 vs single equities). Most of the chart is single equity positioning. Still, he thinks this is bearish overall and he believes the main period of weakness is Fred options expiration in September (or slightly before if people front run some).
My guess is next week is when the weakness begins. And the week after that will have some nasty follow through.
Farmer @ Johnsongrass, TX
Joined:
Sep 25, 2017
Posts:
5,415
How long do you want to ignore this user?
Thank you!
I did two quick scalps while driving but went into the close flat. Both were put scalps on intraday trend lines. Happened quick while driving so couldn't post.topher06 said:
SPY not getting the momentum to get back over 399.50. FJ's levels look correct right now. FJ, reloading puts? I hate betting on don't pass and already did yesterday, but guess we are all mercenaries in the market.
EDIT: Between this and my call regarding puking, I'm on quite the roll. Next prediction: Texas A&M is going to lose all of our remaining football games this year.
Looks like a decent buy of 1.2M shares on the 1min at 4:11 EST, Powell spoke so we will see what the open brings.
What I am watching overall is the H&S on the daily I posted to fill in...or not. No bias either way.
Just my 2 cents but 406-8 is high side this leg...loses 398ish and we go down again. But that's just a guess looking at charts.
My TV chart but with an iPad and rough SRs. I do my homework at night using TV since so user friendly to get a easy view. This is the chart I have been posting,. The one above is my scalping chart I was using on IBKR but daily view vs 1, 3, 5, 10min, 1 Hr I use scalping.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Thanks for the analysis. Mostly learning at this point. Ended the day up a bit on options just cause of those put hedges I bought yesterday at close (more on overall stocks, like probably most people). Every time you or OA1 posts a chart, it helps a lot of us suck at this a little less.FJ43 said:I did two quick scalps while driving but went into the close flat. Both were put scalps on intraday trend lines. Happened quick while driving so couldn't post.topher06 said:
SPY not getting the momentum to get back over 399.50. FJ's levels look correct right now. FJ, reloading puts? I hate betting on don't pass and already did yesterday, but guess we are all mercenaries in the market.
EDIT: Between this and my call regarding puking, I'm on quite the roll. Next prediction: Texas A&M is going to lose all of our remaining football games this year.
Looks like a decent buy of 1.2M shares on the 1min at 4:11 EST, Powell spoke so we will see what the open brings.
What I am watching overall is the H&S on the daily I posted to fill in...or not. No bias either way.
Just my 2 cents but 406-8 is high side this leg...loses 398ish and we go down again. But that's just a guess looking at charts.
I'm not holding any options overnight (except some sold covered calls).
High volume bearish abandoned baby pattern on FSLR today. May signify early reversal. If follow through continues , this could be a great Model T candidate. Maybe OA could guide us on how to play this once we know the high is in.
There's been almost 70 pt run without any retracement so this could be a good short/put opportunity.
There's been almost 70 pt run without any retracement so this could be a good short/put opportunity.
Be careful not to put too much into what these fintwit asshats spew - they're all just trying to get followers for the most part to monetize their spewage.
PS: can confirm the queen has died…just taken outside of my local:
PS: can confirm the queen has died…just taken outside of my local:
Very sad. She had seen so much in her lifetime within her country, globally, culturally, etc.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
September usually sees a good dump at some point, you decide if seasonality goes midterm election year or typical seasonality chart:
typical:
midterm year:
typical:
midterm year:
Don't know about y'all but liking OA's GOLD play.....
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
What strike did you select and what was your avg fill price? Sorry if I missed this before…
Jan 24' 22C @ .91BaylorSpineGuy said:
What strike did you select and what was your avg fill price? Sorry if I missed this before…
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
On the technicals, it looks appealing. On the fundamentals, they've got some great copper prospect in Pakistan that is still under permitting and then quite a few gold projects in the hopper - don't know much about metals mining though. Need a weaker dollar to really send this thing, but despite the US's best efforts every other country is still out ****-showing us.FJ43 said:
Don't know about y'all but liking OA's GOLD play.....
I've loaded January 2024 20 LEAPs (up ~10%) and a few January 2023 20's (down like 7%), but I'm in it for at least a month or two while we see that pattern hopefully recover to 17ish+.
Featured Stories
See All
26:41
4h ago
4.4k
Second CFP rankings of 2024 sees Texas A&M move down to No. 15
by Richard Zane
10:53
23h ago
2.9k
ElkoSZN
Instead of scheduling tough non-conference games like ND...
in Billy Liucci's TexAgs Premium
44