Right back into this zone

I've got TSLA targets of $460 and $537 from here to the upside, but I agree with Heineken, this theater is crowded and I do not want to escape the burning building through a crawl space with everyone else

EnronAg said:

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Heineken-Ashi said:

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Like I've been saying, there's very little ammo on the sidelines after the election to buy the dips. If the selling extends beyond a reasonable level, you enter the scenario of a crowded burning theater and everyone trying to exit through a crawlspace. Very few will successfully exit and many will burn.

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while I tend to agree with you, the talking heads on CNBC, FoxBusiness, etc have been saying there is record level cash still on the sidelines...margin is still at reasonable & not extended levels...I just don't see this burning theater until the beaucrats decide when to pull the wool over our eyes on this goldilocks economy and when they want to start blaming the orange man for everything...can't see that happening until he's officially in office...and probably not until mid to late 2025 honestly if they want to blame his policies that he's put into place...

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The talking heads have never properly identified tops and bottoms (almost nobody has), so their opining is no more valid than anyone else's. Regarding money on the sidelines, that's money sitting in nice yielding accounts, most likely risk averse retirees, and isn't likely to flow out and into risk assets if it hasn't already. You might need to see mid $5,000's again before that is even considered.. yet it wasn't considered last time it was there. That talking point has been mentioned for the last 2 years, yet the same money stays on the sidelines. Not reliable,

You might be right on January being a significant market event. And that's what I've been mentioning.. that no money managers are going to exit this thing while still above any significant supports and are all going to try and stretch their gains as far as possible. But that's the point. Turn of the year, it won't take much selling before they all start selling to book their gains. When everyone is on one side and rushes to other, very few are able to exit until price is much father below.. because they are the only ones who would be wanting to buy and they aren't going to buy immediately after selling.

Nice double dip on SOXL for me today. Sold a bunch at 30.95, re-bought at 29.65, now riding the second wave up.

Also bought a lot more TNA though I didn't quite time the bottom.

Anyone pay for TradingView? I find it much better for charting than TOS and debating on paying for it

One thing I am likely doing is going long EURUSD next week with the FED likely to cut rates and that chart coming into MAJOR support. Hard to play if you don't do FOREX, but I'll post the thesis and how I'm going to play it for anyone that's interested. Have to be eligible for margin and FOREX approved with your broker. I haven't made a significant trade on EURUSD in a couple years. Some small bites here and there. But I think this one is really setting up nicely.

Brian Earl Spilner said:

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Nice double dip on SOXL for me today. Sold a bunch at 30.95, re-bought at 29.65, now riding the second wave up.

Also bought a lot more TNA though I didn't quite time the bottom.

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Nice $4 swings on that 1 month chart.

El_duderino said:

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Anyone pay for TradingView? I find it much better for charting than TOS and debating on paying for it

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Yes. And you missed it. Black Friday and Cyber Money is 70% off. Maybe wait until Christmas and see if they run any deals around end of year.

I might go ahead with essential anyways. Annual plan right now looks like it's barely more than the Black Friday pricing was

El_duderino said:

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I might go ahead with essential anyways. Annual plan right now looks like it's barely more than the Black Friday pricing was

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The cool thing is, when they do run specials, it only adds time onto your current plan. So you can upgrade during the next special and have that cheaper plan tacked on to your current. I think there's another major discount around either Easter or Fathers day.

Awesome. Thanks for the heads up.

Was there a some posts about NVDA in the last couple of weeks or so? I've tried to spot check back but with no luck. Just noticed they are down like $10-$15/sh over the last week plus. Just wondering

El_duderino said:

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Awesome. Thanks for the heads up.

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Hit me up and follow me on there. I'm going to start publishing more charts in the new year.

Yes, tradingview is awesome.

BucketofBalls99 said:

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Was there a some posts about NVDA in the last couple of weeks or so? I've tried to spot check back but with no luck. Just noticed they are down like $10-$15/sh over the last week plus. Just wondering

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It broke my most aggressive support trendline



So the bullish case is probably this and I'll be looking for entry between $120 and $130. If it never gets that low, I'll wait a higher low support to see if I want to buy.

Gave you a follow.

ReturnOfTheAg said:

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Curious if FUBO stands to benefit from the bad press of YouTube TVs price increase.

Fubo pro plan is the same price as YouTube TVs base plan but has way more offerings.

Price has slid the last few days, but wondering how this could shake out - or if anyone has experience with one vs the other

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We had YoutubeTV, then Fubo for baseball season because they carried Bally Sports which carried Rangers games. Immediately back to YoutubeTV after baseball season. For some reason, we could only get local Dallas channels on Fubo although we reside in the Austin and Durango, CO areas. Fubo was also tough to use in two locations. YoutubeTV doesn't seem to care. I'm just one account, but I won't go back to Fubo for a $10 discount.

direct tv streaming is a better streaming service. The packages start at 89 and go up to 109.

DIRECTV Stream's Choice Plan Now Available For a $60 Discount - Here Are the Channels You Would Get
just found this 3 month discount for $45.

You had my curiosity, now you have my attention!!!

SMCI looking to raise capital

DC901 said:

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direct tv streaming is a better streaming service. The packages start at 89 and go up to 109.

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That's what we had prior to YoutubeTV the first time. We got tired of them not carrying Fox. It seems like they had a second dispute with ABC or ESPN and quit carrying one of those channels. When that happened, after several months of not carrying Fox, I switched to YoutubeTV.

M4 Benelli said:

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SMCI looking to raise capital

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eeek.

I have stopped paying close attention, but didn't they end some relationships with some banks recently. Not sure what was behind that, but changes to revolving credit are not typically a good sign.

harge57 said:

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M4 Benelli said:

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SMCI looking to raise capital

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eeek.

I have stopped paying close attention, but didn't they end some relationships with some banks recently. Not sure what was behind that, but changes to revolving credit are not typically a good sign.

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And they choose..

Evercore

Mas89 said:

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lol at Rebalancing. Getting rid of the dogs and adding new bulls.

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as in... buy high sell low? bold strategy but seems to be working out for them