Stock Market Discussion -- started 03/06/2018 -- updated daily !!!

[guitarjosh]

SMCI up another 10% today.

If you own SMCI, please use stops. Bollinger bands are a 20 period moving average and 2 standard deviations above and below the moving average. On the monthly chart, SMCI today was 3 standard deviations above its 20 month average, and 4 standard deviations above on its quarterly chart. That's just nuts.

[homie1975]

NVDA $1,000 soon? Quickly closing in on overtaking Apple market cap.

yuppers.

then it will meet resistance right around $1,025 i predict, close at $985 or so, then soon after break through $1,000 again and stay there :-)

[homie1975]

there is still room to run. remember that it provides the hardware to NVDA so they trade together basically.

SMCI up another 10% today.

[d2bets]

there is still room to run. remember that it provides the hardware to NVDA so they trade together basically.

NVDA $1,000 soon? Quickly closing in on overtaking Apple market cap.

[Slurry Pumper]

I did the same play on Friday and bought Puts right at the upper limit of the rising wedge again. It is working and we will see if the bottom of the wedge holds this time.

[homie1975]

I missed that one. Was hovering for months in the 200-300 range and a month later it was $900.

Funny, Every time I see CRWD I think of you bemoaning your current CB circa 2022. Hopefully you held onto that one.

BOL Bud!!

there is still room to run. remember that it provides the hardware to NVDA so they trade together basically.

[homie1975]

I missed that one. Was hovering for months in the 200-300 range and a month later it was $900.

Funny, Every time I see CRWD I think of you bemoaning your current CB circa 2022. Hopefully you held onto that one.

BOL Bud!!

i did !!!

[Madison]

i like SMCI the best right now

I missed that one. Was hovering for months in the 200-300 range and a month later it was $900.

Funny, Every time I see CRWD I think of you bemoaning your current CB circa 2022. Hopefully you held onto that one.

BOL Bud!!

[homie1975]

SOUN ... Talk about a roller coaster?? Riding along with you!!

i like SMCI the best right now

[Madison]

i gave everything I had.

i am constantly adding on dips and selling rips on numerous stocks like SMCI, SOUN, MARA, MSTR, etc etc etc

it would be impossible for me to share all of it in here.

i have always shared (especially back in 2022) when i made large moves on stocks like META which got pelted.

i hope some took advantage.

SOUN ... Talk about a roller coaster?? Riding along with you!!

[homie1975]

Love ya bud, but as moderator/author of this this thread you should assume the responsibility of offering more!!

i gave everything I had.

i am constantly adding on dips and selling rips on numerous stocks like SMCI, SOUN, MARA, MSTR, etc etc etc

it would be impossible for me to share all of it in here.

i have always shared (especially back in 2022) when i made large moves on stocks like META which got pelted.

i hope some took advantage.

[bjb7223]

it is very hard Not to be happy right now

Homie where are the college ball plays?

[Madison]

Love ya bud, but as moderator/author of this this thread you should assume the responsibility of offering more!!

[homie1975]

Everyone's happy. The party just continues on.

it is very hard Not to be happy right now

[homie1975]

[Slurry Pumper]

Yep I had to drop everything and get out of the way. I think the Fed is committed to trying to prop up the market here. Inflation should take off now at an accelerated rate. If and when he actually cuts will remain to be seen. I don't think he will actually do it this year but we will see.

[Madison]

Everyone's happy. The party just continues on.

[Slurry Pumper]

Well the markets all moved up to that now infamous bottom boundary wedge line and was unable to stay above it for the last 2 days. Tomorrow is the big day. If the FED comes out and says Eff it, i'm gonna eventually drop rates sometime later this year even though I see inflation creeping back up, that might set the market ablaze with joy and buying. It would also set me off as for sure all that gold I've been packing away will move up as well. If they come out and even hint at the chance of a rate hike, I think we may see a little blood dripping in the streets. So he will probably come out talking outta both sides of his mouth and attempt to thread that needle. The last 2 days I've been loading up on the PUTS for both the QQQs and the SPY as I think the downward movement is more likely than a rally this time. We'll see how it goes, but the statement is uber important this time and allot hinges on what he says.

[Madison]

Posted many times in the past (decrease in the M2) and you have the inverse of the 3/10 and the decrease in the m2 money supply. On their own they have historical precedent for recession but together is a very ominous sign.

BOL my friend.

[Madison]

what J Powell says this week will affect Both stocks and bitcoin

Wait until he even makes the slightest hawkest comment?? The national deficit interest debt aside, he has a lot of pressure to maintain or lower rates for the good of the dollar. Don't under estimate the need to support the $ as the currency of choice.

[homie1975]

what J Powell says this week will affect Both stocks and bitcoin

[Slurry Pumper]

OK lets clean up how my last 2 option trades went starting from Last Friday and ending just yesterday. The trade on 3/8 made all the money, and the second trade that just expired yesterday, didn't exactly go the way I would like, so I gave some back. While it wasn't a total loss, the market did eventually break out of the confines of the rising wedge. We haven't seen the markets fall apart like what typically happens after a break down from a rising wedge, and I expect that to still happen. So this week I'll be looking to see if the price movement keeps going south, or if there is a rise back to the lower limit for the rising wedge, or an attempt to recapture that wedge. If it can't recapture, I'll be buying those puts again just in time for the FED to come out and tell everyone that he is on pause for now and not to expect rate cuts anytime soon with inflation on the rise. There is a chance the FED may toss caution to the side and tell everyone that cuts are still in the works, and that may be enough to keep prices from falling like a rock in the near future so with that possibility in mind, my puts bet will only be 10K as some point before the FED trouts on out to lie to everyone.

TRADE DATE	TIME	BUY OR SELL	CALLS OR PUTS	EXPIRATION DATE	STRIKE PRICE	COST	SHARES	TOTAL
3/8	10:28	BUY	PUTS	3/8	518	1.25	80	-10000
3/8	1:51	SELL	PUTS	3/8	518	7.00	80	+56000
3/8	3:59	BUY	PUTS	3/15	512	3.97	126	-50022
3/11	10:22	SELL	PUTS	3/15	512	6.00	30	+18000
3/14	3:22	SELL	PUTS	3/15	512	2.77	48	+13296
3/14	3:23	BUY	CALLS	3/15	512	1.05	61	-6405
3/15	10:15	SELL	PUTS	3/15	512	2.00	15	+3000
3/15	1:31	SELL	PUTS	3/15	512	2.70	25	+6750
3/15	2:32	SELL	CALLS	3/15	512	0.04	61	+244
3/15	3:58	SELL	PUTS	3/15	512	2.74	8	+2224
								+33087

[Madison]

https://www.sportsbookreview.com/for...ports-betting/ Jump on in. Crazy gains being made. Ask about anything and someone such as Chucky, myself and a host of others can help. No judgement zone, so no question is a dumb question.

Thanks Bud!

[raiders72001]

I'm in no position to advise on crypto. Memories of a trip to Hilton Head 6 years ago about now. I brought 4 books on Crypto/Blockchain and even then people treated me like an alien. Crypto ??? Another in a long line of failures, in which I had ideas/interest but never executed.

https://www.sportsbookreview.com/for...ports-betting/ Jump on in. Crazy gains being made. Ask about anything and someone such as Chucky, myself and a host of others can help. No judgement zone, so no question is a dumb question.

[ChuckyTheGoat]

Physical assets, NOT anything leveraged to our FIAT currency!!!

Madison, you need to spend some time education yourself on Bitcoin. You just hit on it. Think anti-Fiat.

You want an asset that doesn't debase. This is the time. What we are witnessing is the supply/demand crunch in play.

[Madison]

Physical assets, NOT anything leveraged to our FIAT currency!!!

[Madison]

Madison, that's good stuff. Thank you. I'll give you my exact Portfolio strategy:

1) Right now: slowly divest from Dow Index funds. Re-buy Crypto funds on the mini-dip. Feel like the Supply/Demand crunch is in play as we approach the halving.

2) Fast forward 18 months: If this Crypto thing goes well, I'll be looking to re-balance. And I think Metal stocks will be at the top of my list as a longer play.

I'm in no position to advise on crypto. Memories of a trip to Hilton Head 6 years ago about now. I brought 4 books on Crypto/Blockchain and even then people treated me like an alien. Crypto ??? Another in a long line of failures, in which I had ideas/interest but never executed.

[ChuckyTheGoat]

Wall Street Favorites: 3 Lithium Stocks With Strong Buy Ratings for March 2024 | InvestorPlace

Madison, that's good stuff. Thank you. I'll give you my exact Portfolio strategy:

1) Right now: slowly divest from Dow Index funds. Re-buy Crypto funds on the mini-dip. Feel like the Supply/Demand crunch is in play as we approach the halving.

2) Fast forward 18 months: If this Crypto thing goes well, I'll be looking to re-balance. And I think Metal stocks will be at the top of my list as a longer play.

[Madison]

Wall Street Favorites: 3 Lithium Stocks With Strong Buy Ratings for March 2024 | InvestorPlace

[ChuckyTheGoat]

INTC specifically. BOL Bud.

Did I see Copper up again? 4.12 just rolled by. WooHoo!!

Yes! I hold some SCCO/COPX. Not to mention my box of Copper pennies, ha-ha.

[Madison]

Thank you, Mad:

1) LAC has shown life last few days. You know I'm holding LAC.

2) I'm in on INTC. Just bought some. You like Semi-Conductors (in general)? Or this company (specifically)?

INTC specifically. BOL Bud.

Did I see Copper up again? 4.12 just rolled by. WooHoo!!

[ChuckyTheGoat]

Onshoring … Where the momentum is, and will be for the foreseeable future.

LAC … (Lithium) T he US has lagged other countries in producing the metal. Nearly 95% of the Worlds Lithium comes from just 4 countries, Australia, Chile, Argentina, and China. Only 1 percent of the Lithium used in the US is harvested domestically. New York Times.

A few others to check out:

PLL … Lithium

INTC … Not Lithium, but due to receive huge subsidies from the US Gov. Currently building out (Capex) two 20 Billion dollar chip fabrication plants in Arizona/Midwest Ohio or Indiana. This guy has the potential to be a 10x. Already has commitments/promises from NVDA and others. Ultimately vying to be the TSM of the US.

Best to all!

Thank you, Mad:

1) LAC has shown life last few days. You know I'm holding LAC.

2) I'm in on INTC. Just bought some. You like Semi-Conductors (in general)? Or this company (specifically)?

[Madison]

Onshoring … Where the momentum is, and will be for the foreseeable future.

LAC … (Lithium) T he US has lagged other countries in producing the metal. Nearly 95% of the Worlds Lithium comes from just 4 countries, Australia, Chile, Argentina, and China. Only 1 percent of the Lithium used in the US is harvested domestically. New York Times.

A few others to check out:

PLL … Lithium

INTC … Not Lithium, but due to receive huge subsidies from the US Gov. Currently building out (Capex) two 20 Billion dollar chip fabrication plants in Arizona/Midwest Ohio or Indiana. This guy has the potential to be a 10x. Already has commitments/promises from NVDA and others. Ultimately vying to be the TSM of the US.

Best to all!

[Slurry Pumper]

Alright lets see what is going on here as I believe the market is being held up by the "I Beam of Bullshyt" pattern, which is to say the big boys are trying to goat as many people as possible into the markets before pulling out the rug. Lets look at the last couple of days on the 5 Day chart with 30 minute candle sticks.


Last Friday the SPY ran right up to the upper wedge boundary I've been pointing out now for ever so you should be familiar with it cause it is marking several turning points not just this week, but for the last 6 months running at this point. The high is $518.22, and now that level become really important as the week rolls on here. Then I bought puts for the rest of the day right at the top and rode that down to the end of the day, bought some more for this Friday's expiration, and continued to ride that down to the lower boundary. Sold 25% and have been hanging on every since. Price then turned around and with the help of a goose operation on Tuesday, the SPY trie t oget to the high but couldn't quite make it. Today finally the market tried to rally again but fel lapart and was coming for the lower boundary pretty hard until about 3:30 when it turns around on a dime on pretty heavy volume to run back up into the close.



So where did the turning point come? How about that same lower boundary where it always turns the market. When it got there and couldn't push through, I sold half of my PUTS that I still have left at a loss to where I bought them, so 48 X 2.77 X 100 = $13,296. This time I took half of the money and bought CALLS with the high probability of another run up into the close. That's 61 X 1.05 X 100 = $6405. To keep score I now have 61 calls and 48 puts that expire tomorrow. And the running tally of profit put away is around $29,500.
Tomorrow's game plan goes like this: If the market starts out bullish, it will be all about the high of last Friday, can it get to $518, and if it does can the price break through that, if not I'll be selling the CALLS and probably investing another 10K into the same play for next week via PUTS that expire tomorrow with the thought of selling those and buying more that expire next Friday. I suspect prices will be moving tomorrow, and we still have that boundary condition that when broken, will generate some excitement with either way it goes. I'm hedging my bets that it goes south, but I gotta play the ref and play it as its goes.
My favorite market indicator IWM had relative weakness today, and my 2nd favorite indicator the Dow Transports also had relative weakness. It smells to me like e are heading for a rug pull here in the near future, like tomorrow or next week, and I will continue to play the boundaries in this manner until they are broken.

[ChuckyTheGoat]

Just FYI, bud.

Just messing with you.