Do the leveraged ETFs follow the same technical analysis rules as regular stocks/index ETFs? Seems like they'd almost always be in a downward channel.$30,000 Millionaire said:
LABU rejected a bit near $8. I think it will clear. I'd like at least $8.4 before I take profit.
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topher06 said:Do the leveraged ETFs follow the same technical analysis rules as regular stocks/index ETFs? Seems like they'd almost always be in a downward channel.$30,000 Millionaire said:
LABU rejected a bit near $8. I think it will clear. I'd like at least $8.4 before I take profit.
On a short term basis yes.
For LABU, confirmation of long around 8.1, want to bail on the descending 30 minute 50 SMA.
Chop chop
Gonna take some LABU profits. That's 5% if you entered when I did.
Well all those straddles I was able to sell Friday at close are certainly paying well. [eyeroll emoji]
great point... and at 11:06 central, bears tried a futile attempt to push under. It was bought hard there (384 dip).JDTxAg98 said:I had a resistance line from Friday @ about $384.31 on the 15min $SPY. Once it cleared that during first 15 min today it's held it every time it pushes down.BREwmaster said:Dude you're learning things, keep it up! that or I am too, lol. I also have 384 as an area of interest.BaylorSpineGuy said:
The caveat here is that 382.11 is a true bottom. Some evidence for that since it made a hammer candle on Friday.
Sold 50% of those Jan 2023 425 calls for ~14% gain, risk off before whatever happens at FOMC. Holding others to mostly hedge the covered calls on my SPY long shares.
What time does the FOMC news hit Wednesday?
$30,000 Millionaire said:
Gonna take some LABU profits. That's 5% if you entered when I did.
7.73 to 8.10. Not bad.
C'Mon, give me 3925 SPX. You can do it.
1:00pm central timeBlueTaze said:
What time does the FOMC news hit Wednesday?
J Pow speaks after at 1:30pm
OTM Straddle on SPY for 379P and 397C
Lotto size
Lotto size
Sold all SPY calls expiring Wed into close and took the profit.
Only buy was Oct monthly VIX 28c into close.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
killing me smalls!
CPI was last week. C'mon FJ
Triple_Bagger said:
CPI was last week. C'mon FJ
I probably should clear that off
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Triple_Bagger said:
CPI was last week. C'mon FJ
There's a fed meeting tomorrow though isn't there?
Yep. Tue/WedPhilip J Fry said:Triple_Bagger said:
CPI was last week. C'mon FJ
There's a fed meeting tomorrow though isn't there?
I grabbed a screenshot of key releases and didn't pay attention to dates. Not sure why it shows that.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
OA's about to be spot on on tech ripping... here's the Cramer bullish tech signal, lol
fwiw, a short time frame swing only, not buying leaps!
fwiw, a short time frame swing only, not buying leaps!
He’s given up. Congrats $NVDA pic.twitter.com/Hj4EHwYZJ0
— Inverse Cramer ETF (Not Jim Cramer) (@CramerTracker) September 19, 2022
VIX rule of $8...
$VIX
— Bootsie ⚾️ (@bootsiejones) September 19, 2022
I'll admit, this is a bit perplexing... the knee jerk response at first glance is to assume we break $28 and smash $36 into oblivion, but no one is looking at this and thinking multiple failed attempts... which could result in a face ripping rally. pic.twitter.com/F7y6K2Yl3d
Very well may rally. Even if we do I dont think we have a move to new highs and all that.BREwmaster said:
VIX rule of $8...$VIX
— Bootsie ⚾️ (@bootsiejones) September 19, 2022
I'll admit, this is a bit perplexing... the knee jerk response at first glance is to assume we break $28 and smash $36 into oblivion, but no one is looking at this and thinking multiple failed attempts... which could result in a face ripping rally. pic.twitter.com/F7y6K2Yl3d
If VIX calls I would go out a month or more.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
what's the rule of 8?
Only because of my username.
But one looks like a 40 and one a 43.
#notthesameifso
One guy in the comments also said something about it being a Tacoma.
I'm offended.
Good call pic.twitter.com/K3gKUBYaKq
— James Jude (@Jimmyjude13) September 19, 2022
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
It's a dream of mine to own one. Specifically the 40
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AG
I want a 43. No wait i want to be fj43 and drive an fj44. Cuz of all these kids.
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I think the blue one is an fj-8. How's that for offensive?
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Or a 55, but i think of all the opportunities I've had over the years to buy fj55s cheap and it makes me sick to my stomach
What you want is the FJ45. My son has one that's sitting unrestored in storage. I'll talk him out of it.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
You're killing me
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
sts7049 said:
what's the rule of 8?
$VIX Rule of 8
— Bootsie ⚾️ (@bootsiejones) May 4, 2022
Buy when the $VIX tags $36, #HODL at $28 and aggressively tighten the stops at $20.
Took a lot of years to reverse engineer my thinking, but I'm more active now in the $36 area and more nervous in the sub $20 range. pic.twitter.com/1QaYaVbJF6
and i'm sure he means buy puts around 36. You can keep these levels in mind as well for calls.
Every 8 times you trade it, you make a profit?
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8 is enough?
Consult your magic 8 ball when trading. You are just as likely to win with it than with your own ideas and decisions.