It's a gap fill rally leaving another gap below to fill later.
$BAC confirmed breakout. Options out to mid November to Model T high probability of 100%
— Freedom Costs More Than Being Concerned... (@oldarmy1) October 4, 2022
opening transactions, big AAPL and GOOGL buys yesterday. also GOOGL leaps with some sizeCharismatic Megafauna said:
Were they opening transactions or did they buy them friday and taking profit?
MARA monster move!BREwmaster said:
swinging some MARA shares, for this week only.
also some AAPL call spreads - it looks like it capitulated, or at least short term bounce. Also tons of flow this morning on it.
well done! that was still a risky play, but you define your own riskBrian Earl Spilner said:
Well Friday's paycheck is now 15% bigger.
Probably short covering.Quote:
Does anyone else feel like this is a suckers rally?
TQQQ? TQQQ has been good to you.Brian Earl Spilner said:
Well Friday's paycheck is now 15% bigger.
We tryin here.irish pete ag06 said:
OXY through 66 is going to go to 68 quick.
66 proving to be a tough resistant point, again.
I bet it could go back to the 50 day MA. The market seems to be in a pattern of rally time until a week before the next FOMC meeting. Then, it throws a fit and tanks. It sort of acts like a spoiled brat child. LOLQuote:
Where is the top of this band?
Is the resistance gonna be from the 8/16 and 9/12 highs?
Yep. Still in the red overall since I re-entered my position, but in great position to make a nice profit if this bear rally continues through to December.techno-ag said:TQQQ? TQQQ has been good to you.Brian Earl Spilner said:
Well Friday's paycheck is now 15% bigger.
Spoony Love said:
It's a gap fill rally leaving another gap below to fill later.
Love the optimism. "IF the market continues to rally for the next few months I'll be able to make a profit on my triple-leveraged position".Brian Earl Spilner said:
Still in the red overall since I re-entered my position, but in great position to make a nice profit if this bear rally continues through to December.
watch, the news will literally shift 180 degrees by tomorrow - the deal is falling through, etc. "sell, sell sell!"ProgN said:
Twitter shares halted on report that Musk plans to go through with deal at $54.20 a share (cnbc.com)
Semantics. I don't need it to rally till then to break even.wanderer said:Love the optimism. "IF the market continues to rally for the next few months I'll be able to make a profit on my triple-leveraged position".Brian Earl Spilner said:
Still in the red overall since I re-entered my position, but in great position to make a nice profit if this bear rally continues through to December.
BREwmaster said:
if you're going to bag hold it for months, hoping for a huge rally, why not sell covered calls on the position in the mean time?
I sold my last a few minutes ago. Tempting, but 4.5 times what I paid was enough.topher06 said:
Anyone holding any SPY/QQQ/Index options overnight?
First 2 minutes of after hours looking good for those, congrats. I know this is what they want, just remembering the beating too well to have any conviction. Did have some SPY calls this morning though, just not what I would normally have had so it wasn't that material. Nice to finally have some positive momentum though.Charismatic Megafauna said:
I got a couple expiring spy 383s, i think we gap up again