Rally ass time, boys.
Stock Markets
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Last: 2 hrs ago by Heineken-Ashi
topher06 said:
Thread is dead AF today, especially for a SPY +2.5% day. Hope all you that bought those 370 weekly lotteries are enjoying it.
Yep that has made for a nice morning.
Nailed itBrian Earl Spilner said:
I think it'll either go up or down. Or sideways.
just watching my AAPL calls and spreads skyrockettopher06 said:
Thread is dead AF today, especially for a SPY +2.5% day. Hope all you that bought those 370 weekly lotteries are enjoying it.
Definite rally ass day.
This is going pretty good...pretty good.CC09LawAg said:
I got in near today's low for 1/20 at 105.
Wish me luck!
I'm on the sidelines tomorrow for my speculative funds. Hoping for a 2-3 day pop, but just feels like we will dump again.
Went with a last minute put before I took off on plane. Ended day green. I can now drink happily.
Hope you're still holding, bears taking a nice steamy dump on the market into close.WestTexAg12 said:
Went with a last minute put before I took off on plane. Ended day green. I can now drink happily.
It's crazy how closely the market has been tied to the 10-year the past few weeks, pretty much all that matters right now.
I took some TSLA 220p for next week. the chart looks pretty bad.
ProgN said:
Definite rally ass day.
now let's get some continuation into tomorrow, keep this sucker propped up! the markets I mean, lol
I've been watching too and noticed the relative strength it has shown. I'm trying to be patient for a long entry on a dip to the 225 range (though it may not get there at this point). Man if this thing ever has enought volume to get into that gap... IT'S 80 friggin points!Golf1 said:
I wanted to get some opinions on $NFLX.
It didn't get killed while the market was completely falling off. I think it will retest the 229-230 area but am I looking at a bull flag?
this is quick and dirty, but bullish... rounded bottom forming. 251 would be the target on the right, I think it gets there very soon if markets keep rallying.Golf1 said:
I wanted to get some opinions on $NFLX.
It didn't get killed while the market was completely falling off. I think it will retest the 229-230 area but am I looking at a bull flag?
Is the 2022 bottom in? I trust Mancinis 3580 level (the 200 wk ma we hit overnight). Also, Cramer super bearish lecturing not to fight fed.
we haven't cleared near enough to call a bottom yet.
May be the start of a bear market rally. Let's see if we don't lose it all tomorrow.
Maybe I should buy some SQQQ just to really get this bear market rally going.
BlueTaze said:
Is the 2022 bottom in? I trust Mancinis 3580 level (the 200 wk ma we hit overnight). Also, Cramer super bearish lecturing not to fight fed.
They sold about $30M of AAPL 135 February calls today, so someone still expected major downside in next 5 months.
no offense to them, but what idiots. They could've sold calls weeks ago (or at least at the end of this relief rally). Apple and Google today were probably #1 and #2 in bullish flow. and October is super bullish seasonally.lobwedgephil said:BlueTaze said:
Is the 2022 bottom in? I trust Mancinis 3580 level (the 200 wk ma we hit overnight). Also, Cramer super bearish lecturing not to fight fed.
They sold about $30M of AAPL 135 February calls today, so someone still expected major downside in next 5 months.
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Were they opening transactions or did they buy them friday and taking profit?
Anyone here trade futures? I'm intrigued.
Messed with it today on paper with Thinkorswim.
Messed with it today on paper with Thinkorswim.
things looking squeezy
irish pete ag06 said:
Anyone here trade futures? I'm intrigued.
Messed with it today on paper with Thinkorswim.
I do pretty often, following mancinis guidance and levels
Big futures move. While this could gap and go, I don't think so or at least I don't think it's a high probability long.
sts7049 said:irish pete ag06 said:
Anyone here trade futures? I'm intrigued.
Messed with it today on paper with Thinkorswim.
I do pretty often, following mancinis guidance and levels
What brokerage do you use? Also how much capital is required? I can't get a square answer on that online. Margin is required right? But it doesn't count towards PDT if below 25k right?
Correct. Don't use TOS. Their fees are too high.
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This is what prompted me to look into futures. Says 22k margin per contract on nq_f
One contract $NQ_F point ($20 per point) per day is $6,240 per year (312 days)
— Harry Wang 🔱 王毛毛 (@HarryWangEra) September 28, 2022
10 pts per day is $62,400
And 40 pts ($1 QQQ) is $249,600
Margin requirement per $NQ_F contract is $22kish
No theta, tax advantage, and 23 hrs per day.
Comment if you know what futures trading is.
I use IBKR and they are pretty cheap. Start off trading the micros (MES, MNQ, M2K, etc...) because a 1 point difference in ES = $50 while a 1 point move in MES is only $5. During cash session your maintenance margin is lower than overnight maintenance.irish pete ag06 said:sts7049 said:irish pete ag06 said:
Anyone here trade futures? I'm intrigued.
Messed with it today on paper with Thinkorswim.
I do pretty often, following mancinis guidance and levels
What brokerage do you use? Also how much capital is required? I can't get a square answer on that online. Margin is required right? But it doesn't count towards PDT if below 25k right?
https://www.interactivebrokers.com/en/pricing/commissions-futures.php
https://www.interactivebrokers.com/en/trading/margin-futures-fops.php
i use TOS, it's the only account i have. and i only trade MES, to keep things small and manageable.
Yes, I would not want to start with a large account to protect myself from myself. I was looking at the minis, not what Hairless Wang is talking about up there.
With crude creeping up again
OXY looks ready for another trip to the upper 70s
Full disclosure, I entered OXY Jan 23s too early... bought through this recent dip and am now up 13% on them. Large position.
OXY looks ready for another trip to the upper 70s
Full disclosure, I entered OXY Jan 23s too early... bought through this recent dip and am now up 13% on them. Large position.
Well Friday's paycheck is now 15% bigger.
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Does anyone else feel like this is a suckers rally?