Cool bruv

So, if you were swing trader, or even a position trader, would you consider a heavy cash position now? Several on here seem to be there already. Sounds like you'd say yes, too?

Edit to say I'm about 60% cash, currently. But, I'm also in some outside concerns that eat cash.

Edit 2 - we all trade at our own risk and don't take what you or anyone here says as investment advice. In fact, we understand all posts here are for information purposes only, of course .

Heineken-Ashi said:

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bhanacik said:

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Heineken-Ashi said:

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AFLAC earnings May 1. If price is above $75, I'll probably be buying a good chunk of puts looking for $69 range. And I've got a target of low to mid $50's by election. But the next push down would be expected to be bought back for a couple months before the next drop. Watching closely.

Those of you wondering how to profit from downside. Pull up the 4hr chart and look at action since end of January. Corrections almost never happen in a single down day. It chopped back up to previous high. I'm looking for a 1.618% move of the last move down from the March high. If it happens BEFORE earnings, then I am forming a share position and maybe calls going into earnings.

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I looked at AFL this weekend and it looks primed for that potential drop you were describing. Are you going to follow through with the puts play?

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I kinds forget about it to be honest. I like where its at to reverse, but MACD isn't showing rollover yet on hourly and daily is pointing up after bottoming and rolling back up. Going to give it a little more time since we have over a week until earnings. Remind me later in the week to check back in.

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H-A, any updated thoughts on this play? It's been pretty flat the last 2 weeks

Thank you Prog, Bud Light , and OA for the responses!

bhanacik said:

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Heineken-Ashi said:

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bhanacik said:

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Heineken-Ashi said:

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AFLAC earnings May 1. If price is above $75, I'll probably be buying a good chunk of puts looking for $69 range. And I've got a target of low to mid $50's by election. But the next push down would be expected to be bought back for a couple months before the next drop. Watching closely.

Those of you wondering how to profit from downside. Pull up the 4hr chart and look at action since end of January. Corrections almost never happen in a single down day. It chopped back up to previous high. I'm looking for a 1.618% move of the last move down from the March high. If it happens BEFORE earnings, then I am forming a share position and maybe calls going into earnings.

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I looked at AFL this weekend and it looks primed for that potential drop you were describing. Are you going to follow through with the puts play?

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I kinds forget about it to be honest. I like where its at to reverse, but MACD isn't showing rollover yet on hourly and daily is pointing up after bottoming and rolling back up. Going to give it a little more time since we have over a week until earnings. Remind me later in the week to check back in.

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H-A, any updated thoughts on this play? It's been pretty flat the last 2 weeks

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So MACD and RSI have started to roll over intraday, but daily shows a sense of balance. I've zoomed in and out and it's just not providing a lot of clarity for an immediate resolution up or down, unfortunately. I still favor a large drop later this year, but not sure it's ready to start just yet, and can't rule out it going to new highs. I can't say I have high confidence on what earnings will do. It has resistance at the previous $86 double top from January and March. Strong supports at $79 and $75.

Earnings Wednesday. No confidence in any direction right now without seeing more. Get up to $85-$86 leading into earnings and I will favor earnings sending it down to $80. Go down early this week holding the $82.50 range, and I could see earnings pushing it to $85-$86.

Probably not one I will play unless I get some strong evidence Monday and Tuesday. Dissapointing as of now, because I was loving the setup pointing downward until this week. The large bounce back up threw it in limbo.

Have to take what something gives you. Trade on great setups that feature high probability outcomes. Betting on plays that are in balance is gambling.

buckleup again
only have direct exposure to PYPL AMZN SOFI COIN here but lotta early wk momentum shifters

A couple I'm in on that I may have missed on the above list or are not listed:

POWL (Tuesday after close)
DASH (Wednesday after close)

So based on how little I know you should probably short the hell out of those two (edit: and just to be clear that is self deprecating satire, not advice.)

IDK anything about DASH, but I'd highly suggest no one here shorts POWL. Those that might have their last 5 ER got destroyed.

Don't sleep in WING this week. EC is Wed morning and it's coiled for a pop. They've had remarkable move up in the last 3 quarters as well.

SOFI beat earnings, but Q2 guidance lowered

Market after 10 minutes of opening:
And I'm Free... Free Falling

That's a good start. I'm not a trader, but I did buy TSLA Friday.

Not for long it seems.

META retrying 435, AMZN 180

We'll see if AAPL can finally break out of this channel.

No inside source, but my suspicion is Insulet will announce their timeline this year for the iphone app, which is key to their pricing/market penetration in the T1D market, where presently on many formularies they have had an obstacle with regards to their controller being sometimes considered a DME (Durable medical equipment).

The FDA gave approval back in October but moving their customer base to iPhones for dosing is a big operation so no formal announcement other than '2024' so far of when it goes live. PODD has had some headwinds the past year or so (caveat, I own a tiny bit), but one to keep an eye on with May 9 earnings coming up.

Charismatic Megafauna said:

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Charismatic Megafauna said:

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I bought a tsla june 185c. Wcgw?

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Ended up with 3 of these, trimmed one for 40%, riding the other two to valhalla

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Booyah

I can't say it's high probability, but I like a short term trade on MARA. Buy below $18 and above $17 with stop at $16. Target $24-$25.

Still leaning toward one more major drop toward the $10-$12.50 range before going truly long. If this short term play works out though, and MARA fails to drop below $20 after hitting $24-$25, then it could be working its way back to previous mid $30's high.

Does that parallel your take on BTC for the near term?

ProgN said:

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When this TSLA short squeeze ends and it tops out, I'm looking at the TSLA 8/16 165p

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I'd strike higher, as those gaps are going to be major demand zones. I'd set it up to profit off the first gap fill, then wait for bounce and reload to profit off the next.

But the 8 EMA is threatening to cross the 34 on daily for the first time this year. If that happens, I'd be amazed if TSLA drops to new lows from there.