Heineken-Ashi said:

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NEM is a buy between $44 and $46 if you don't yet have a position. Target $65

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IF NEM goes green by EOD, I think there is a ahort squeeze rally in the near future for it.

BLNK, I'm lowering my net free target to $2.35-$2.40 range from $2.50. Could also take all profits there and add back on a retrace, but no guarantee you will get under $2.00 again for an entry.

Gaeilge said:

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Heineken-Ashi said:

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NEM is a buy between $44 and $46 if you don't yet have a position. Target $65

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IF NEM goes green by EOD, I think there is a ahort squeeze rally in the near future for it.

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Maybe. Could also come down further over the coming weeks to $40 range.

Heineken-Ashi said:

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Gaeilge said:

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Heineken-Ashi said:

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NEM is a buy between $44 and $46 if you don't yet have a position. Target $65

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IF NEM goes green by EOD, I think there is a ahort squeeze rally in the near future for it.

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Maybe. Could also come down further over the coming weeks to $40 range.

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It rejected the 5 SMA at ~$48.9 on the hourly, which was to be expected. If it can reclaim $50 after clearing the 5SMA, I thing the selling exhaustion will take hold

Another way to hedge a position in TSLA is TSLZ, 2x inverse ETF. Used for short term only and very defined stops. I'll be buying back my put if momentum cant accelerate again and likely buying a small position in TSLZ with stop at $7 targeting $10.

Brian Earl Spilner said:

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Not saying it was a smart move, but I have the vast majority of my Roth (69%) in SOXL at the moment.

Only up 3.5% on it overall, but the daily gain looks pretty nice.

First profit will be taken at $37.

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curious to know your purchase date and what you see in the charts that has you that long a triple leveraged ETF...full disclosure, I'm actually short naked calls on SOXL and use deep OTM short calls on SOXL and TQQQ to nickel and dime premium and hedge my long exposure to those segments...and have done very well thus far...but am scared we see a rip into end of year and put me in a decision to dump calls at a loss and pinch off my last pieces of long exposure to tech/semis...thus capping my gains and not participating in a rip roaring end of year for these segments...

All my purchases were in these last two weeks, and my highest target currently is $41 and my lowest is $37, which will hopefully trigger today.

I'm not sure what context you're using "long", but I'm certainly not gonna stay at this level of exposure for long. This was a risky bet on all of tech/AI bouncing back up with earnings and into election week.

I'm bullish in the short term, but more bearish in the long term.

$30.50 is looking like good support.

Brian Earl Spilner said:

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All my purchases were in these last two weeks, and my highest target currently is $41 and my lowest is $37, which will hopefully trigger today.

I'm not sure what context you're using "long", but I'm certainly not gonna stay at this level of exposure for long. This was a risky bet on all of tech/AI bouncing back up with earnings and into election week.

I'm bullish in the short term, but more bearish in the long term.

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long meaning you said you had the large majority of your Roth in a 3x long ETF...so long/bullish in that sense...but yes, your explanation answers my question...thanks!!!

EDIT - and I share your view in your final sentence...

Gaeilge said:

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Heineken-Ashi said:

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Gaeilge said:

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Heineken-Ashi said:

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NEM is a buy between $44 and $46 if you don't yet have a position. Target $65

---

IF NEM goes green by EOD, I think there is a ahort squeeze rally in the near future for it.

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Maybe. Could also come down further over the coming weeks to $40 range.

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It rejected the 5 SMA at ~$48.9 on the hourly, which was to be expected. If it can reclaim $50 after clearing the 5SMA, I thing the selling exhaustion will take hold

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What do we have here? Sizable purchases for an equity that typically has very very low options movement.

BLDE - She's been ugly. I can fashion a lot of interpretations. Nothing is high confidence due to the extreme overlapping. But here's the base case I'm rolling with.

IF IF IF you see this kind of retracement into earnings, the setup is there for a rocket to $5 range off of earnings. This setup is a diagonal, so I wouldn't expect it to stick and hold.

Again, this is not high confidence. But like I've said many times, nothing has broken on this play and there is plenty of time left. The Nov $5 calls are running out of time. If earnings doesn't do it, these will be a max loss most likely. Dec's have a little more time, but without an earnings push, it would need some industry news, election oomph, or something unforeseen to catapult it in the right direction.

I have over 100 $5 calls spread between 3 accounts for Nov, Dec, and Feb expirations. So don't worry that I'm not feeling the same pressure. That said, my sooner dated ones have been averaged down immensely. I only need the contract price to get above 15 cents in Nov to B/E. And above 30 cents in Feb. I also have shares in 3 accounts.

Remember, volatility doesn't have to keep going up if SPX engages a longer downtrend like we saw in 2022. You will get an initial spike, but as the volatility contracts roll each one will fail to keep up with the last and it will generally trend back down, even as SPX makes new lows. That's the difference between a sustained bear market vs a 2020 type of crash, where volatility goes parabolic.

Anyone, by chance, have the companies that will be announcing earnings next week?

Thanks!

Yeah I don't see much to look at…….lol

looking at that list, one name pops out to me...only for the insanity of their situation...can anybody come up with a company that has had an insane roller coaster ride of stock performance like Carvana has?!?! that has to be THE most insane 5 year stock charts of all time!!!

SMCI is on 10/30.

Where'd you see that? I see nothing on their investor relations page and everywhere I look is just an estimated date with most saying 11/6

TOS and Yahoo finance.

Although this article I just read says Nov 4.

https://finance.yahoo.com/news/invested-10-000-super-micro-150154941.html

Can't get complacent with the next 3 games before the final game

Rushing total says it all.

24 yards vs 244.

O rush yards allowed in the second half. Elkos second half adjustments continue to be elite.

I'm buying CROX tomorrow before they report earnings Tuesday. Fantastic fundamentals, trading super cheap right now, great growth in Asia market, and the only drawback is the hey dude acquisition that they're paying down quickly. For sure shares, and maybe a call.

I bought some DVN after hours on Friday. I wonder what the crude strip is going to look like tomorrow

Crude down 5% at the open. I guess the Iran/Israel war premium is gone.

Just got the notification. I guess I'll baghold lol