Ugh. Sold SPX puts for a good chunk double up - would have been over half a million dollars had I held through this flush.
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Last: 24 sec ago by Brian Earl Spilner
Job report leak????
Posted about AMAT last week potential bounce if triangle held. Triangle is breaking. Recommending to avoid right now.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
- I Bleed Maroon (distracted easily by signatures)
I think it's just a realization of what these commodities prices means. Inflation will be back at 5% very soon, and thus rates will remain high. Banks are fugged.Lake08 said:
Job report leak????
Soft landings never happen. Things break. Looks like the Fed will be forced to break regional banks to finally crush consumers into not spending 110% of their incomes.
Me too man. I had a few SPY 519P 0dte that cost .09.Currently 6.30
Keep a sharp eye on this SPX level. Bulls will try to defend this level until the all bloody end.
agree...but also, a lot of geopolitical stories in the last few minutes...with Blinkin saying Ukraine will join NATO...and Biden giving Bibi some ultimatums...this admin is trash!!!Bonfire.1996 said:I think it's just a realization of what these commodities prices means. Inflation will be back at 5% very soon, and thus rates will remain high. Banks are fugged.Lake08 said:
Job report leak????
Soft landings never happen. Things break. Looks like the Fed will be forced to break regional banks to finally crush consumers into not spending 110% of their incomes.
Bulls can't let SPX get below 5150ProgN said:
Keep a sharp eye on this SPX level. Bulls will try to defend this level until the all bloody end.
Whatever happens til close, today is huge outside bar and might be a signal
Not ideal, but 5090 breaking is the big red flag.ProgN said:Bulls can't let SPX get below 5150ProgN said:
Keep a sharp eye on this SPX level. Bulls will try to defend this level until the all bloody end.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
- I Bleed Maroon (distracted easily by signatures)
I had 5230 SPX at $0.75 I sold for $1.50. They are $73 now.Spoony Love said:
Me too man. I had a few SPY 519P 0dte that cost .09.Currently 6.30
Below 5150 and RSI will break below 50 for the first time since last October and could trigger sell algos. I want it to break it hard!Heineken-Ashi said:Not ideal, but 5090 breaking is the big red flag.ProgN said:Bulls can't let SPX get below 5150ProgN said:
Keep a sharp eye on this SPX level. Bulls will try to defend this level until the all bloody end.
I hear you. Below 5090 breaks through the mid Keltner band, and a major demand support zone with room to fall quickly to 4950 where the bottom of the ichimoku cloud is. All of those breaking with RSI tanking is very very bad.ProgN said:Below 5150 and RSI will break below 50 for the first time since last October and could trigger sell algos. I want it to break it hard!Heineken-Ashi said:Not ideal, but 5090 breaking is the big red flag.ProgN said:Bulls can't let SPX get below 5150ProgN said:
Keep a sharp eye on this SPX level. Bulls will try to defend this level until the all bloody end.
Had the wrong level for the cloud and had to edit.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
- I Bleed Maroon (distracted easily by signatures)
"Very very bad" depends on what side your positioned for.Heineken-Ashi said:I hear you. Below 5090 breaks through the mid Keltner band, and a major demand support zone with room to fall quickly to 4950 where the bottom of the ichimoku cloud is. All of those breaking with RSI tanking is very very bad.ProgN said:Below 5150 and RSI will break below 50 for the first time since last October and could trigger sell algos. I want it to break it hard!Heineken-Ashi said:Not ideal, but 5090 breaking is the big red flag.ProgN said:Bulls can't let SPX get below 5150ProgN said:
Keep a sharp eye on this SPX level. Bulls will try to defend this level until the all bloody end.
Had the wrong level for the cloud and had to edit.
Miss you guys but haven't been trading the last 12 months or so. It was taking too much time.
I do find it funny when the market is ripping and really over extended. The the violent correction happens and everyone is running around screaming.... what happened!
The market is WAY over priced and ran up too quickly. Just like at the start of '22.
Buying opportunities incoming. Hold tight gents.
I do find it funny when the market is ripping and really over extended. The the violent correction happens and everyone is running around screaming.... what happened!
The market is WAY over priced and ran up too quickly. Just like at the start of '22.
Buying opportunities incoming. Hold tight gents.
Double bottom now on IWM. If it gives..
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
- I Bleed Maroon (distracted easily by signatures)
I was more talking about bulls who don't think a bear market can happen.ProgN said:"Very very bad" depends on what side your positioned for.Heineken-Ashi said:I hear you. Below 5090 breaks through the mid Keltner band, and a major demand support zone with room to fall quickly to 4950 where the bottom of the ichimoku cloud is. All of those breaking with RSI tanking is very very bad.ProgN said:Below 5150 and RSI will break below 50 for the first time since last October and could trigger sell algos. I want it to break it hard!Heineken-Ashi said:Not ideal, but 5090 breaking is the big red flag.ProgN said:Bulls can't let SPX get below 5150ProgN said:
Keep a sharp eye on this SPX level. Bulls will try to defend this level until the all bloody end.
Had the wrong level for the cloud and had to edit.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
- I Bleed Maroon (distracted easily by signatures)
Giong to be an interesting night in futures. Today could end up being a hell of a buying opp for another move up. Could just as easily be the first step down. Whatever you do, know your levels and trade the chart. Take the emotion out.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
- I Bleed Maroon (distracted easily by signatures)
so you're saying the market could either move up or down?
it could close flat too 
I ended up throwing all my remaining cash in today at various things like TNA, SSO, NVDA, and GOOGL.Heineken-Ashi said:
Giong to be an interesting night in futures. Today could end up being a hell of a buying opp for another move up. Could just as easily be the first step down. Whatever you do, know your levels and trade the chart. Take the emotion out.
But I'm still sitting on $30k in my mutual fund in case things really go to hell.
I may just start taking a little bit out tomorrow just in case.
Negative reversal bars at a 52-week high have a consistent tendency to lead to further short-term pullbacks of up to a week later.
— Jason Goepfert (@jasongoepfert) April 4, 2024
After that...nope. pic.twitter.com/LJqddwv6QK
I've been waiting for this for a year. Burn baby burn! To the Taka Michinoku Clouds we go! Kai En Tai!
Come on back to me POWL
I still think it's a fake out...too many talking heads saying we're due, normal pullback coming, etc etc etc...doesn't smell right to me...I think we rip just a bit higher (SPX 5,350 or something) off some manipulated goldilocks jobs report tomorrow before maybe a late April pullback...geopolitical events get bought back up after a day or two...
Through the sea of red, TSLA managed to end up in the green today. I'll be very curious to see how AMD moves near this $160 demand zone.
M4 Benelli said:
I've been waiting for this for a year. Burn baby burn! To the Taka Michinoku Clouds we go! Kai En Tai!
You've waited a year for the market to rip 25% and get in when it dips 1%?
I'm leaning that way, but there's some definite caution signs. SPX broke below an uptrend channel with a very big engulfing candle. Fear & Greed has dropped to mid level and another drop tomorrow or Monday could be a bearish indicator. In a matter of hours we dropped 65% of the distance between ATH and the level that became support in early March.EnronAg said:
I still think it's a fake out...too many talking heads saying we're due, normal pullback coming, etc etc etc...doesn't smell right to me...I think we rip just a bit higher (SPX 5,350 or something) off some manipulated goldilocks jobs report tomorrow before maybe a late April pullback...geopolitical events get bought back up after a day or two...
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
- I Bleed Maroon (distracted easily by signatures)
El_duderino said:
Come on back to me POWL
Brian Earl Spilner said:M4 Benelli said:
I've been waiting for this for a year. Burn baby burn! To the Taka Michinoku Clouds we go! Kai En Tai!
You've waited a year for the market to rip 25% and get in when it dips 1%?
Sell the dips, buy the rips baby.
Nah hoping this is the beginning of a bloodbath. Got some hearty parked cash that needs to be deployed.
and that cash woulda been a lot more hearty if it weren't parked
Yeah that was a strange flex
I'm not speaking for him and I could be wrong, but I interpreted his "sell the dips, buy the rips" post as he's been trading opportunities when they present themselves (quick strikes). If I'm correct, he hasn't had all his money sitting idle, he's just been stacking singles which grows his cash available. He's just positioned himself to invest heavy for the LT in great companies during a correction.EliteZags said:
and that cash woulda been a lot more hearty if it weren't parked
I hope I'm right in my assumption, if not, then I'm with you, BES and Pilot calling it a weird flex.
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