lots of fear, even here, gotta be close to a short squeeze
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Last: 9 min ago by spud1910
Hope so. I'm not selling my long positions, just trying to dull the pain trading options.BREwmaster said:
lots of fear, even here, gotta be close to a short squeeze
Where is the bottom or next support for AMD?
Torbush.
it has a gap on the daily chart back to about 62, literally from July of 2020. Before that, it was stuck in a box for a few months between 58 and about 49.jbeck3487 said:
Where is the bottom or next support for AMD?
That being said, everything is very oversold down here, we're due for a bounce very soon.
AMD is also in a channel down... 55 is roughly the spot where it would bounce in the channel. I tihnk it gets a relief bounce first though..
I'd bet we're closer to a capitulation puke which would be preferable to a squeeze that delays the capitulation. I'm sitting at the local watering hole minding my business but listening to other people talking among each other. These are blue collar hard working people and they're discussing their 401Ks and mutual funds and if they should just sell out before they lose everything. This usually is a big indicator that capitulation and market bottom is close. JMO.BREwmaster said:
lots of fear, even here, gotta be close to a short squeeze
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topher06 said:Hope so. I'm not selling my long positions, just trying to dull the pain trading options.BREwmaster said:
lots of fear, even here, gotta be close to a short squeeze
If these are long enough term holdings and you're not going to sell them regardless, you might want to stop checking them often. Seriously, that makes it better. In a bear market only regularly check holdings where there's a potential decision.
ProgN said:I'd bet we're closer to a capitulation puke which would be preferable to a squeeze that delays the capitulation. I'm sitting at the local watering hole minding my business but listening to other people talking among each other. These are blue collar hard working people and they're discussing their 401Ks and mutual funds and if they should just sell out before they lose everything. This usually is a big indicator that capitulation and market bottom is close. JMO.BREwmaster said:
lots of fear, even here, gotta be close to a short squeeze
I think we are still a few months out. Once we hit the depths of winter in Europe we will see the real capitulation. Spikes in US NG due to European markets buying everything off the market + the hit to corporate earnings from US multi-nats getting butt-plunged by a stronger dollar. Add in the EM balance of payment crises that are inevitable and it's going to be a **** show.
If you are following and get up scalping set a trail or stop immediately unless you know your SRs.cryption said:
I followed OA on that SPY 380c and was up this morning 18%, I took a screenshot and joked "hey now's a good time to probably sell." It was red the next candle.
Just my 2 cents. Don't want you to lose money.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Agree….capitulation will come before a bottom. No need to be in the way of that.ProgN said:I'd bet we're closer to a capitulation puke which would be preferable to a squeeze that delays the capitulation. I'm sitting at the local watering hole minding my business but listening to other people talking among each other. These are blue collar hard working people and they're discussing their 401Ks and mutual funds and if they should just sell out before they lose everything. This usually is a big indicator that capitulation and market bottom is close. JMO.BREwmaster said:
lots of fear, even here, gotta be close to a short squeeze
Hedge, use options strategies, trade the current market, etc.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
How is this impacting and trends you are seeing? In TN I am seeing continual reductions in asking price.Red Pear BCS Luke said:
Interest rates are up almost 0.20% today.
Take that and apply it to your take on Housing.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
A vast majority of people are looking at their 401k's or other employee retirement plans and are locked into general equity funds (emerging market, growth, value, social choice, etc).
Thank goodness, my financial advisor recommended to me last November to go from a 70/30 equity to bonds to just the opposite (30/70).
There still appear to be several headwinds over the next 3-5 months. Will be interesting to see how earnings will be post holiday season.
Thank goodness, my financial advisor recommended to me last November to go from a 70/30 equity to bonds to just the opposite (30/70).
There still appear to be several headwinds over the next 3-5 months. Will be interesting to see how earnings will be post holiday season.
Yeah I appreciate it. I even thought about a trailing stop but I still get too attached to trades. Something I need to work on
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ES Futures, probably said:
All your 3700's are belong to me
We've all been there at one time or another over the years.cryption said:
Yeah I appreciate it. I even thought about a trailing stop but I still get too attached to trades. Something I need to work on
Just remember its a transaction, That's all…nothing more. You'll have wins and losses and the keys are managing risk, protecting capital and taking gains.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
The market always prices things in before "everyone thinks it will happen" and I'm in the camp that is happening now. If I'm right, there will be several posts of people saying "the market is rigged" or "why is the market going up everyday" because they loaded up on puts because it was logical. However you think the market will react in 6 months, the MM are adjusting right now.tremble said:ProgN said:I'd bet we're closer to a capitulation puke which would be preferable to a squeeze that delays the capitulation. I'm sitting at the local watering hole minding my business but listening to other people talking among each other. These are blue collar hard working people and they're discussing their 401Ks and mutual funds and if they should just sell out before they lose everything. This usually is a big indicator that capitulation and market bottom is close. JMO.BREwmaster said:
lots of fear, even here, gotta be close to a short squeeze
I think we are still a few months out. Once we hit the depths of winter in Europe we will see the real capitulation. Spikes in US NG due to European markets buying everything off the market + the hit to corporate earnings from US multi-nats getting butt-plunged by a stronger dollar. Add in the EM balance of payment crises that are inevitable and it's going to be a **** show.
there are already plenty of those posts
Apologies for replying.
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So load up on naked $4500 SPX calls for October?
Charismatic Megafauna
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AG
ProgN said:
... there will be several posts of people saying "the market is rigged" or "why is the market going up everyday"
I think he was responding to this comment
I don't think anyone here is going to begrudge you the opportunity to opine on the markets
Maybe you're right, I've just had one of those **** days that seems to only get worse with each passing hour so I may have interpreted it wrong.
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Sounds like somebody has a case of the Mondays!
(Just playing brother. Hope tomorrow is better! )
(Just playing brother. Hope tomorrow is better! )
Thank you, I did lol. I hope so too. Office Space has so many great quotes we all use everyday.
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I am about to put an offer in on a house representing the buyer. We are going to be offering for 85% of the already reduced listing price and the buyer plans to use the rebate to get an additional pricing reduction as well. Seller's Agent was actually receptive so deals are still being done but they are fewer, farer and more realistic then before. Noticeable uptick in supplyFJ43 said:How is this impacting and trends you are seeing? In TN I am seeing continual reductions in asking price.Red Pear BCS Luke said:
Interest rates are up almost 0.20% today.
Take that and apply it to your take on Housing.
Ban check test.
To make this post productive, I'm enjoying trading with a bearish bias overall, but the last 2 days I've been very hesitant to go big on my shorts. We really oughta have a solid bounce day soon.
To make this post productive, I'm enjoying trading with a bearish bias overall, but the last 2 days I've been very hesitant to go big on my shorts. We really oughta have a solid bounce day soon.
I feel so stupid saying this…. The market has reacted rationally to the recent events. Feels like it's due some irration. Which is why I think we bounce. I am usually wrong though.
And by bounce... I don't mean all time highs... I just mean a BMR
And by bounce... I don't mean all time highs... I just mean a BMR
This is a time to just get out of the way and preserve capital.
More shares for me!
Charismatic Megafauna said:ProgN said:
... there will be several posts of people saying "the market is rigged" or "why is the market going up everyday"
I think he was responding to this comment
I don't think anyone here is going to begrudge you the opportunity to opine on the markets
that's what I meant!
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Dollar is up against every single major world currency today.
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https://www.bloomberg.com/opinion/articles/2022-07-19/dollar-milkshake-theory-is-not-good-news-for-the-economy
Dollar Milkshake Theory - anyone familiar?
Dollar Milkshake Theory - anyone familiar?
Do these op-ed dames get paid for this fluff? Legit three miniscule paragraphs to state that the USD is the best looking horse in the glue factory. Love how it starts out, "For America's Many Problem." I reckon that that was prepositioned in a manner to slight a certain half of the populace.
There's three more mini articles penned by the same dame on the page, and the fluff is flying. One goes on about Latin and German being antiquated languages that cant get their gender conjugation down, and some pablum comparison betwixt trees and Senators. Guess Nancy Pelosi does look like a snag.
To answer my own question, Bloomberg Editors make on Avg 140k. Lovely...
There's three more mini articles penned by the same dame on the page, and the fluff is flying. One goes on about Latin and German being antiquated languages that cant get their gender conjugation down, and some pablum comparison betwixt trees and Senators. Guess Nancy Pelosi does look like a snag.
To answer my own question, Bloomberg Editors make on Avg 140k. Lovely...
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For the bulls I think running above 3700 but then selling off overnight would have been a better outcome. We could get a little green run or a squeeze today, but we could also get a gap up plunge down day. This may be a tricky one to trade. Make sure to take some profits quickly and let runners run today.
Gap ups have not held lately. Gap fill is probably likely. Ironically gap downs have held.
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