I'm not allowed in those circles. Lol
$30k Millionaire speaks in bull tones, I listen.$30,000 Millionaire said:
Markets always overshoot. There will likely be retracement soon. CPI wasn't that crazy
BlueTaze said:
Yall holding SPY puts and vix calls overnight?
irish pete ag06 said:
IBKR is going to take some real getting used to...
Just executed my first option trade on there.
topher06 said:
What is the next big news event we can overreact to?
I'm not even sure what is going on over there anymore.Charismatic Megafauna said:topher06 said:
What is the next big news event we can overreact to?
Complete withdrawal of russia from ukraine>spy 500
See PPI is set to release premarket tomorrow. Does it impact markets as much as the inflation data we got today? Obviously, the market must have at least some expectation the PPI data will be bad news.BaylorSpineGuy said:
PPI is this week and it's quad witching week. Some other economic stuff drops later in the week too.
I suspect there is follow through tomorrow. Today was a bearish engulfing candle. Perhaps an inside day but suspect there will be more selling.
Ron Walker on YouTube has been alluding to an impulsive 4th wave down move. Mazag used to be the EW expert here but haven't seen him in months.
Which one happens first...Charismatic Megafauna said:topher06 said:
What is the next big news event we can overreact to?
Complete withdrawal of russia from ukraine>spy 500
how many scalps did you try, weeklies or next week? and what were you using to indicate a buy? levels? Bollinger bands? just curious of the run down.Ragoo said:
+$1100 day only buying TSLA calls
weekly calls, intraday set ups. Buy when the 5min gets extended outside the lower bollinger, sell when it reverses. Only looking for 20-30 Pennies.BREwmaster said:how many scalps did you try, weeklies or next week? and what were you using to indicate a buy? levels? Bollinger bands? just curious of the run down.Ragoo said:
+$1100 day only buying TSLA calls
and let's ride Real Ale end of October! (in Blanco)
irish pete ag06 said:Which one happens first...Charismatic Megafauna said:topher06 said:
What is the next big news event we can overreact to?
Complete withdrawal of russia from ukraine>spy 500
China - Taiwan invasion or
Russia out of Ukraine?
After today, they probably just have to signal only a 75 BP raise and the market recovers some.$30,000 Millionaire said:
I also want to point out to you guys that there is an island top in place on the indexes.
Normally these fill eventually, but it's considered bearish the longer this holds. It may honestly be a while given the severity of today's move.
I am just guessing, but I think there will need to be a positive catalyst like ending of Ukraine conflict to fill it or the fed doing something. Also keep in mind the fed will not let the market go down too much.
Brian Earl Spilner said:
Had my worst day in my portfolio's history.