It's a gap fill rally leaving another gap below to fill later.
Stock Markets
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Last: 5 hrs ago by Heineken-Ashi
OXY through 66 is going to go to 68 quick.
66 proving to be a tough resistant point, again.
66 proving to be a tough resistant point, again.
Got back into UPRO a week too early. This would have been a nice day to take profits on.
Let's hope we break through to the 40s.
Let's hope we break through to the 40s.
$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
I get the Model T concept (50% retracement from high/low) but always confuses me on what points to use. I guess this is the part that is more art than science?
- High in mid August to lows a few days ago?
- High in mid August to lows a few days ago?
- High in mid Feb to mid July low?
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?
this is one heck of a squeeze! may need to slow down soon though, running hot
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.
also bought Oct 10th 380C's yesterday at around $1, sold today over $3!
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?
Netflix gets a price rating from 190 to 220 from a group and they are the only red stock on my watchlist. I understand the stock was trading around $240 so it's higher than what the rating had it at but it's still an upgrade for a price rating… is that still enough to bring this stock down?
earnings drift is a thing too remember. It could be weak for months and months.
TQQQ? TQQQ has been good to you.Brian Earl Spilner said:
Well Friday's paycheck is now 15% bigger.
Agreed, but I'll take a shot on some 34 or 35. GOLD has worked out well.
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.
Where is the top of this band?
Is the resistance gonna be from the 8/16 and 9/12 highs?
Is the resistance gonna be from the 8/16 and 9/12 highs?
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?
The 50 is right at 4000 almost.... That seems like a great spot to be slapped back down based on previous inflection points up top.
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.
We still have a gap from Nov 2020 to fill, that's where I'm going to try and enter long positions
Popping in.
I bought some ENVX and sold this Fridays 20C against it for 1.20.
I bought some ENVX and sold this Fridays 20C against it for 1.20.
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.
Yep and Tesla is dropping from it
I am surprised. I figured there would be some agreement or something.
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)
Just saw this at my store and gonna add a shot to my bloody Mary's and pickle spear
I bought SPX puts at 11:34 this morning. I was hoping for a 40% return. Had stops and went into a meeting. Came out to sell them for over 100% profit but could have been 200% if I had held.
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.
Plus, no pain, no gain. Diamond hands.
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?
To be honest because I've never done the legwork to learn how these work.
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?
It's very tough to do if your way under water. For instance, in NVDA at 180. Would be huge gamble to sell calls at a strike well below my break even.
Plus considering it's leveraged, the hole really isn't as big as it seems on paper. Once we bounce back to mid September level I'm already in the black.
If you don't think we bounce well beyond that before the end of the year I think you're more bearish than most.
If you don't think we bounce well beyond that before the end of the year I think you're more bearish than most.
Anyone holding any SPY/QQQ/Index options overnight?
Charismatic Megafauna
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I got a couple expiring spy 383s, i think we gap up again
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