BaylorSpineGuy said:

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ProgN said:

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BaylorSpineGuy said:

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Here's some depressing material to read tonight.

https://www.marketwatch.com/story/hedge-fund-giant-elliott-warns-looming-hyperinflation-could-lead-to-global-societal-collapse-11667470081

No idea if this is hyperbole from this hedge fund or not, but sure sounds serious.

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Does this mean I'm not gonna be able to buy a home next year? Guess I'll be a lifetime renter

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Just gonna leave this here…

There are 1.4 million realtors in the US. 800,000 have not closed a deal this year.#realestateagent #housingmarket

— Stay Winning | A Financial Health Podcast (@staywinningpod) October 31, 2022

$30,000 Millionaire said:

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Philip J Fry said:

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$30,000 Millionaire said:

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They help but they're not 100%

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Curious to know what you use? I tend to look at a combination of RSI and MACD for longer term swing trades. What do you do for your day trading? I know you're a fan of ATR.

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I guess this would be buying at demand or selling at supply, but I look for a clear reversal or breakout / breakdown to buy. I look at EMAs and I look at VWAP. In general you don't want to go long when below VWAP and you don't want to go short when above it. This simple rule makes a big difference.

Let me post an example today. I bought UPRO at 31.05 with a stop at 30.85. I ended up selling at 31.45. Reward was twice my risk, and so a worthwhile trade.

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Looks like the market likes that the Astros have a 3-2 lead in the World Series

Long entries: Ignore GOOGL and focus on NET. Sure you'll get 100%-200% on GOOGL from here in the long run, NET is going to be a $250B company in under 10 years. That is 15x from here.

Another great day in the energy sector!

from a technical standpoint, if you want another big move up, we need XOM to recharge, or refuel up first. It stays between 109's and 112 and that is nice box consolidation. Then next week it takes out ATH's again. This could be ABBV 2.0.

China news that they may reopen - pumping the markets a bit right before open.

CC09LawAg said:

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Farmer - I am inclined to agree that today opens green and pulls back to red.

You think XOM avoids that and keeps this run up? It has been stuck under $112 all week.

Is next week the big run up?

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You and I both know it can't go straight up. XOM takes breathers too. Pretty much everyday is a new ATH. Check that Investopedia link I posted about trading ATH's. Will XOM continue to run, I say yes. It's holds a nice solid track record of running to Earnings, running to Ex-Div, running to Div and running to just after payout. At some point that will change too. Currently, fundamentals say the trend continues. Also, more and more, people are starting to figure out that "Hey, crude is short, this worldwide crude, natgas, gas and diesel problem is real". Those folks haven't even started buying in to the O&G sector. What about FOMO?.....haven't even got to that stage yet.

BaylorSpineGuy said:

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perma Brew doomster said:

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so did your buddy with the $150k bet diamond hand the puts into the close?

although regardless, tell him never do it again! lol.

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Lol he's playing daily SPX puts too and added some SPY puts out to Monday. He was up like $500K at one point today. Yeesh. What an animal. He's calling for another gap down at the open. I could see gap down here but I also see a bullish abandoned baby. Next day determines the fate.

I bought calls to hedge for tomorrow but still have my Monday 365P's.

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checking in…

Next week will be interesting. You would think if the red wave comes true stocks should rally short term, but not sure it's going to hold. Inflation still isn't under control, gas/fuel prices are about to go up as Biden quits pulling from the SPR for political points. Probably headed towards a rough start to 2023.

txaggie_08 said:

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Next week will be interesting. You would think if the red wave comes true stocks should rally short term, but not sure it's going to hold. Inflation still isn't under control, gas/fuel prices are about to go up as Biden quits pulling from the SPR for political points. Probably headed towards a rough start to 2023.

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The China pump this morning is trumping everything. Old Xi ain't showing knuckle-bump friendliness to the Radical Liberals just prior to Mid-Terms.

played puts from near the open

wish I'd posted them here...all out just now

Nothing like drive scalping to pass the time. Trail set.

ProgN said:

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Spoony Love said:

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My trailing stop on my SPY put got hunted out just now then dropped again. I hate that crap. Bass turd MMs

Probably going red before 9:30?

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