I mentioned it yesterday, but we have that trend line on NASDAQ that we are testing in this area. My hope is we bounce off and start going higher today/tomorrow and this is only a test. Should be closing over 23,000 before Friday. If not... i'm running away.
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Last: 51 min ago by aggies4life
Using monthly candles, uptrend starts in May and uses that as support (tested in September and October). Broke, but closed above last month. It's now firmly below and rejected the trendline this month
Brian Earl Spilner said:
For the record if AVGO fills that gap, I'm betting the house.
Looks like it could get there this week ( $308). I'm betting it's going to tag the 200 day ma right at $300 before bouncing assuming all else is constant in the markets.
Thank you sir! I see my error.
I'm selling my $ALB here and sitting on the cash. Watching $CLS to move that cash into.
Taking a mean reversion trade here on CLS. Went from top Bollinger band to bottom in 5 days. Using 30min chart for entry with prior bar high being taken out and stop at $266. Targeting $310-$315 area so minimum 8:1 r/r.
Pissed I missed that one. Would've been a Nice 100% trade
Tech might get a bounce, but it now has a pattern to expand lower after said bounce. Would be careful. My gut says we correct into early next week and maybe through Christmas. Then we get a boom rally over $7k, but not ready to put my chips on that yet.
El_duderino said:
Taking a mean reversion trade here on CLS. Went from top Bollinger band to bottom in 5 days. Using 30min chart for entry with prior bar high being taken out and stop at $266. Targeting $310-$315 area so minimum 8:1 r/r.
Sound reasoning: I'm pretty sure I'll roll the $ALB profits into $CLS but I'm waiting to see if it crashes through it's 100DMA. If it doesn't hold here then I think it hits it's 200DMA. I will go into it hard at that price around $213 or less.
Heineken-Ashi said:
Tech might get a bounce, but it now has a pattern to expand lower after said bounce. Would be careful. My gut says we correct into early next week and maybe through Christmas. Then we get a boom rally over $7k, but not ready to put my chips on that yet.
Agreed, that's why I'm waiting on my tech buys.
Agreed. That's why I have a very tight stop. Could be a very nice short swing trade with how CLS moves.
Any thoughts on MU going into earnings today?
AI party was rockin' this year until Oracle walked in a few months ago and dropped a turd in the punch bowl.
Ag CPA said:
AI party was rockin' this year until Oracle walked in a few months ago and dropped a turd in the punch bowl.
Agreed my little tech holdings are taking a beating.
I got some good news tho. I settled with the water sewer authority. They are taking 4 garbage acres, increasing my water views from 90 degrees to about 180 degrees, giving me deep water, removing a dilapidated house for me, grandfathering my house and all structures from regulations.
And the best part is they have to pay me six figures to do it. Got some more stock market play money.
GeorgiAg said:Ag CPA said:
AI party was rockin' this year until Oracle walked in a few months ago and dropped a turd in the punch bowl.
Agreed my little tech holdings are taking a beating.
I got some good news tho. I settled with the water sewer authority. They are taking 4 garbage acres, increasing my water views from 90 degrees to about 180 degrees, giving me deep water, removing a dilapidated house for me, grandfathering my house and all structures from regulations.
And the best part is they have to pay me six figures to do it. Got some more stock market play money.
Clubhouse gang:
MU up 14pts. Blowout earnings/guidance at a quick glance
El_duderino said:
MU up 14pts. Blowout earnings/guidance at a quick glance
That shot up SOXL $1.17 after hours already.
Oracle worth looking at at this price?
Brian Earl Spilner said:
Oracle worth looking at at this price?
Lower looks likely. Watch for a death cross ahead but it's not there yet.
171 then 157 if falling knife.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
LULU up over 8% on activist investor news
We going for real green this time, or another rug pull at the open?
Who bought the SOXL dip at $36?
Uhhh yeah loaded up at 36. It's recovered 90% of the losses yesterday. If this holds up, Christmas is paid for this morning!
I didn't buy there…..I ended up buying a little above that. Still have some work to do
CPI readings much lower than expected this morning.
GDP much higher than expected this morning.
in a world of reality that should lead to a green day.
but likely will drop because "AI is collapsing!!"
The latest US CPI reading for November 2025, released December 18, 2025, shows overall inflation rose 2.7% year-over-year, easing more than expected, with core CPI (excluding food/energy) up 2.6%, also below forecasts, though shelter costs remain elevated, signaling cooling but still high household costs. This report, the first after an October data gap from a government shutdown, suggests inflation pressures are easing, potentially influencing future Federal Reserve interest rate decisions.
GDP much higher than expected this morning.
in a world of reality that should lead to a green day.
but likely will drop because "AI is collapsing!!"
The latest US CPI reading for November 2025, released December 18, 2025, shows overall inflation rose 2.7% year-over-year, easing more than expected, with core CPI (excluding food/energy) up 2.6%, also below forecasts, though shelter costs remain elevated, signaling cooling but still high household costs. This report, the first after an October data gap from a government shutdown, suggests inflation pressures are easing, potentially influencing future Federal Reserve interest rate decisions.
Brian Earl Spilner said:
Who bought the SOXL dip at $36?
I missed out but I bought more into CORZ on the dip yesterday.
7nine
Brian Earl Spilner said:
Who bought the SOXL dip at $36?
Already given back half of the gains. Came back up but can't break the in day downward trend line. Would love to see that!
Edit.... breakout! Fly big D fly!
if this is not bullish for a Santa rally into the New Year-
we have heap big problems
we have heap big problems
This morning’s favorable US data is led by a CPI print that is significantly cooler than the consensus forecast: 2.7% for headline (vs. 3.1%) and 2.6% for core (vs. 3.0%). This represents the lowest inflation level since early 2021.
— Mohamed A. El-Erian (@elerianm) December 18, 2025
Meanwhile, the labor market remains resilient;…
At some resistance here with Nasdaq... Not ready to break out yet but knocking at door. Looks like we got a little rejection but setting up nicely for a breakout.
Edit - that was a very quick 150 point drop...
Edit - that was a very quick 150 point drop...
Scalpers paradise this week.
Signs are growing for the big move up through mid January. But not confirmed yet.
Signs are growing for the big move up through mid January. But not confirmed yet.
And the rug has been pulled.
El Chupacabra said:
And the rug has been pulled.
Wow! Dow was up 440 and now even
If the market was going to blast over 7k for a santa rally, with quad witch tomorrow, this shake out of weak hands is exactly what you would expect day after day.
Heineken-Ashi said:
Scalpers paradise this week.
Signs are growing for the big move up through mid January. But not confirmed yet.
Does that line up with matching the end of 2024 that you noted the other day?
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