A week ago, #ES_F brokeout its core downtrend line from Jan 2022, ending it. My 1st target was 4160, and we hit yesterday & based underneath all night

Plan today: Supports=4140-45. As long as above; direct push to 4170, 4185 in play. 4140 fails, we start a pullback to 4120, 4095 https://t.co/WywzPKovKB

— Adam Mancini (@AdamMancini4) February 2, 2023

Well the 408p hedge I entered around 2 yesterday is going to be bright red at open. Thankful for tsla,shop and Roku calls. Now I wish I was better at the trailing stops. Tsla may see 200 this morning.

So Roku, Waking up before earnings? Will it have a nflx move? Like what it's showing me this morning. Go to 67, pull back to 60 before next week then head to the 70's around earnings. Just a thought.

ROKU has been broken for awhile.

Well, there will be a new SPY gap.

I don't love action like this. Day 2 after a catalyst day

Quote:

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This market doesn't make sense.

More pain and layoffs to come, but sure, bull breakout.

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What is remarkable about this is if you look at a weekly chart of SPX, we have not even broken the 200 SMA since 2011, besides the one-off blip in 2020 when covid hit. We have never really had a true bear market here. At most, we have just worked off the excesses created by the trillions of mailbox money.

One thing to add to your list is the "quantitative tightening" that's happening behind the scenes. Yes, this market is confusing. I was hoping to have a place to put some cash to work, but now wondering if I missed the boat. Was October really the bottom??

Action is above yesterday high

Gap gonna fill.

FTAG 2000 said:

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This market doesn't make sense.

More pain and layoffs to come, but sure, bull breakout.

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Is the market forward looking or present looking?

All of my planned trades were for action below yesterdays close. Need to re evaluate.

$30,000 Millionaire said:

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FTAG 2000 said:

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This market doesn't make sense.

More pain and layoffs to come, but sure, bull breakout.

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Is the market forward looking or present looking?

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I know I know.

In 409P for tomorrow. Only filled 1/3 position. 2 & 3 min 8/21 cross has happened. 5 on deck.

irish pete ag06 said:

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In 409P for tomorrow. Only filled 1/3 position. 2 & 3 min 8/21 cross has happened. 5 on deck.

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I'm in 2/7 210Ps

irish pete ag06 said:

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In 409P for tomorrow. Only filled 1/3 position. 2 & 3 min 8/21 cross has happened. 5 on deck.

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Managed to fill the whole thing. Took off 1/3 at the 50 SMA.

irish pete ag06 said:

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irish pete ag06 said:

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In 409P for tomorrow. Only filled 1/3 position. 2 & 3 min 8/21 cross has happened. 5 on deck.

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Managed to fill the whole thing. Took off 1/3 at the 50 SMA.

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Took another 1/3 off. Stop set a little above breakeven on the remaining.

Sidenote... I've GOT TO UPDATE MY 8/21 EMA SPREADSHEET. I'm like 4 trades behind. Work been filling me up.


Oh and target exit on my last 1/3 position is the gap fill.

Definitely Not A Cop said:

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Managed to find the book OA recommended used online for $12 this week. I had looked at the height of the pandemic investing a year or two ago and was only finding them for around $150, so if anyone had held off getting it due to the price, you might try again.

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There's one on ebay right now just listed for $1K.

irish pete ag06 said:

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irish pete ag06 said:

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irish pete ag06 said:

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In 409P for tomorrow. Only filled 1/3 position. 2 & 3 min 8/21 cross has happened. 5 on deck.

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Managed to fill the whole thing. Took off 1/3 at the 50 SMA.

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Took another 1/3 off. Stop set a little above breakeven on the remaining.

Sidenote... I've GOT TO UPDATE MY 8/21 EMA SPREADSHEET. I'm like 4 trades behind. Work been filling me up.


Oh and target exit on my last 1/3 position is the gap fill.

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Final 1/3 stopped out.

Small observation from a personal experience. It always seems like my needs for apple products hits their business cycles in a positive direction. Meaning I get a computer every 5-6 years. Last time I bought one, they had great earnings and the stock soared. Well I just bought a new iPhone a few weeks ago and am looking at buying the new watch. Last time I bought a phone it was the 10. My whole family got new phones for Christmas. So I'm thinking they might have better than expected revenue. Looking at maybe playing a small amount on the 150 calls.

MSFT broke upper trend line on the daily chart.

Broke that 4185 line just now too. We going ballistic.

ASO. Wow. Just wow.

So little volume for all this movement.
Something in my guts telling me AMZN & APPL gonna get crushed later

Has this been discussed?

pic.twitter.com/I5pOKfMmAn

— Michael Burry Archive (@BurryArchive) February 1, 2023

FTAG 2000 said:

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Definitely Not A Cop said:

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Managed to find the book OA recommended used online for $12 this week. I had looked at the height of the pandemic investing a year or two ago and was only finding them for around $150, so if anyone had held off getting it due to the price, you might try again.

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There's one on ebay right now just listed for $1K.

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Well I will let you know if all I get mailed is the hard cover.

FTAG 2000 said:

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Definitely Not A Cop said:

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Managed to find the book OA recommended used online for $12 this week. I had looked at the height of the pandemic investing a year or two ago and was only finding them for around $150, so if anyone had held off getting it due to the price, you might try again.

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There's one on ebay right now just listed for $1K.

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What's the book title?

The Handbook of Technical Analysis - Jobman

Was anyone in UPST? Drinks on y'all.

RKT up +10% today. Over 2MM shares traded just after open. Volume is double daily avg already. Maybe institutional investors like the prospects of profits from 7%+ SF mortgages and the annual div upcoming in March

UNH fire sale today. Down nearly 30 pts or 5.5% on seemingly no news.

FTAG 2000 said:

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Was anyone in UPST? Drinks on y'all.

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I'm in it...but still a long way to go to be profitable