I'd say possible if it can push through the $582-$583 level. That'd be the next resistance level around $601-$602. After that I don't see much resistance until maybe $640
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Last: 4 hrs ago by Heineken-Ashi
Seems to be following yesterday's pattern pretty closely, except at 580 instead of 560. If so then it probably retraces back to 560 before close.
Hopefully it can push through though.
Hopefully it can push through though.
TNA breaking out. Bought some more earlier today at 36.39, basically the bottom. Working out nicely.
Well I bought in at 580 so you can blame it on me.Brian Earl Spilner said:
Seems to be following yesterday's pattern pretty closely, except at 580 instead of 560. If so then it probably retraces back to 560 before close.
Hopefully it can push through though.
100k share buyer at 11:38, 30 minutes ago.Brian Earl Spilner said:
TNA breaking out. Bought some more earlier today at 36.39, basically the bottom. Working out nicely.
interesting fact: TNA dip today vs the high as of few minutes ago (3.8% gain). SPXL over same time span (2.5%).
NVDA first target reached. Next up is formerly unprinted target at $120 (might be resistance, might be nothing) and then $$128.65 valid through 9/6. We have $109-$111 range now as support targets should this bullish move retrace.
"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."
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Screams of sell the SBUX move and buy the Chipotle move (only playing for a quick bounce). But haven't dug deep on charts. Consumer is still pulling back. New CEO won't fix anything quickly and the economy could deteriorate around them.themissinglink said:CMG down >10% (~$7-8 billion of market cap) and SBUX up >20% (~$20 billion of market cap). If the market thought my services were worth ~$20 billion, I'd be absolutely unbearable.El_duderino said:
SBUX popping with new CEO
"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."
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We have flipped to long gamma, but literally by a hair. Still need to see firmly 4500's and any retrace to get bought heavily to feel confident we can stay that way.
"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."
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So, in layman's terms, you're saying she's gone from suck to blow?Heineken-Ashi said:
We have flipped to long gamma, but literally by a hair. Still need to see firmly 4500's and any retrace to get bought heavily to feel confident we can stay that way.
.confucius_ag said:
POWL volume has dried up.
It has. I'm thinking that the people who own a fair amount, like me, are holding probably until the next ER. THEN POWL should sky rocket. And lots of people will sell.
Waiting to see what happens after the dividend ex-date - it took off about a week after that last quarter.
The H&S is a huge bear signal. Take emotion out and look at the chart. Technical traders everywhere use that as one of their primary signals to sell. Need that to fail, and sooner rather than later.SW AG80 said:.confucius_ag said:
POWL volume has dried up.
It has. I'm thinking that the people who own a fair amount, like me, are holding probably until the next ER. THEN POWL should sky rocket. And lots of people will sell.
"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."
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HD - not good earnings, not good outlook, yet stock is up. That's because all lower targets were hit last week. This bounce will sell, but I have $366 valid through next Wednesday morning to the upside. that said, it's at massive resistance right now and this move up today knocked out all but one upside target.
I'll be looking out 2-3 months for some puts, but want to see a little more clarity before I engage. My gut says $230 is the next move coming after this bounce resolves.
Edit: $230. Huge typo there. Not $130. Sorry. and that $230 is not likely to be a quick move. Would be a bear market completion target. Next move down likely would be $270-$300
I'll be looking out 2-3 months for some puts, but want to see a little more clarity before I engage. My gut says $230 is the next move coming after this bounce resolves.
Edit: $230. Huge typo there. Not $130. Sorry. and that $230 is not likely to be a quick move. Would be a bear market completion target. Next move down likely would be $270-$300
"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."
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AAPL $223 target almost hit. Stock Markets - Page 6574 | TexAgs
"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."
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Well if the pattern holds....$600 for SMCI tomorrow, with a slow retracement down to 580-590 throughout the day.
Pulled 50% retracement almost exactly on the last two days.
Don't expect much tomorrow. CPi catalyst could help market, but today was the move and everyone is already expecting CPI to be good. Sentiment needs a breather after today and I have tomorrow as consolidation day between 5350 and today's close with an outside chance of 5450-5475.
"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."
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AG
Spy up 6.27% in 7 trading days, my face is officially ripped. If this was a bear market rally it should be running out of steam soon
the H&S Heineken mentioned on POWL...SW AG80 said:.confucius_ag said:
POWL volume has dried up.
It has. I'm thinking that the people who own a fair amount, like me, are holding probably until the next ER. THEN POWL should sky rocket. And lots of people will sell.
I looked at that after HA's post. Decided to sell a fairly small portion of POWL that I have at $129/share.
Just need TNA and SMCI to hit 40 and 600 today.
Looks like CPI expected to come in either inline or a bit cool at 2.9% for YoY
For those of us that aren't familiar with charts, what does this show in terms of the possibilities for POWL?
La Bamba said:
Nice PPI reading. I think we'll likely get a sub 3.0 headline CPI reading tomorrow.
&ct=g
Dbl post
It means it might go up, and it might go down.Number Monkey said:
For those of us that aren't familiar with charts, what does this show in terms of the possibilities for POWL?
You might also flip a coin to predict movement.
(I'm the resident anti-chart voodoo guy).
One would think this might trigger a short rally, but who the hell knows.
What are we doing with ARM?
"We" are holding it, and are comforted by the fact that "we" initiated $200 Nov covered calls back when it was near the peak. We are also pleased that our cost basis is $55.El Chupacabra said:
What are we doing with ARM?
I've never done the refer to yourself in the third person thing, but it's kind of cool. Pretentious as hell, but fun.
Number Monkey said:
For those of us that aren't familiar with charts, what does this show in terms of the possibilities for POWL?
The head and shoulders chart pattern is considered to be bearish in that when the price drops below the neckline technical traders tend to sell, causing the price to drop further. It is somewhat self perpetuating, IMHO but I'm the furthest thing from a charting guru. As far as possibilities, look for it to drop more if it crosses below the neckline, or chop/go up if it stays above.
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WestTexasAg said:
One would think this might trigger a short rally, but who the hell knows.
I think it was already baked in. A surpise was need for big move eother way. I think we'll see consolidation in the near term or a gentle drift upward. VIX moving down again makes me more risk tollerant long for the mid-term.
/edit to add the gentle drift upward. Because I'm trying to use more colorful adjectives these days.
This feels like another green day. Look for a reversal soon.
Sell the news type day
Nice little SLV dip. Bought those $26c 8/21 for 0.20.
Bought more TNA at 36.92.
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