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

[veriableodds]

what the hell are the markets going to do???
sp500 ytd+15%
leco ytd+26%
mo down 11%but pays over a 9% div, don't plan on selling this decade anyway.

[Chiefs83]

New it was a fakeout…SYM getting crushed

[Chiefs83]

Is tomorrow the day the market turns???
How many more days can it keep skyrocketing…
Premarket is up huge again

[Optional]

I don't think the Fed is done.

Too much strength still pushing inflation.

[d2bets]

Just seems like we are due for big down move soon.

There was a big down move late October. Gained it back this week. Back where we were a few weeks ago.

Chart-wise it seems like the downward channel for the last few means has been breached to the upside. If the Fed is done the rally will continue.

[Enkhbat]

Just seems like we are due for big down move soon.

[d2bets]

go go go

It's rip your face off rally week.

[homie1975]

go go go

[Slurry Pumper]

Well nap time is over as the SPY did indeed hit the 200DMA yesterday. Price was not rejected, but since I do this on a weekly basis and there are only 2 days left for the calls I bought, I sold about half of the ones I got last week down at around the $410 spot. That's a really good cha ching moment. Going forward I let the other half go for a while today and see what happens. Will there be a post FED sell off, or will the rally continue to the next spot of inflection ($425.50ish)? At that spot if we get there this week, is another unloading spot for the calls that expire tomorrow. By the way, on a pullback this morning I'm a buyer of calls that expire next Friday if we find the SPY down at my old favorite spot ($418.30ish).
Over in tech land, there is some profits to take at the $358.50 area. Looking pre-game this morning the QQQs are at $360, so I'm selling at the bell for the half the calls I picked up this week.
Overall I think the markets power through and keep rising for the time being, so churning calls on a weekly basis will continue going into the Turkey day holiday and possibly until that fat jolly dude shows up at the end of the year.

[Madison]

This guy maintained its price point through a very tough couple weeks. Adding on dips here.

Some more on SYM curtesy of The Motley Fool

How to approach Symbotic stock now

As mentioned, Symbotic isn't yet profitable. Surprisingly, the stock is currently selling for just 2.3 times sales and 1.3 times forward sales, making it a bargain. The stock is well off its highs from earlier this year, as its growth is expected to slow to 57% in 2024, down from triple-digit percentage growth so far this year.
This stock has sailed under much of Wall Street's radar thus far. Yet, of the 13 analysts who follow the stock, nine rate it a buy or strong buy, and not a single one rates it a sell.
Symbotic's small size and lack of profitability make it a risky proposition. That said, the retail environment will only get more challenging, and demand for Symbotic systems will likely increase. Savvy investors with the stomach for some gut-churning volatility should consider buying now -- adding a small position as part of a balanced portfolio -- particularly in light of Symbotic's promising long-term prospects.

[Chiefs83]

What’s up with SYM ???

[Slurry Pumper]

Looks like the relief is here, and this train just left the station. There are many stops this week, but I'm taking a nap until the SPY gets close to the 200DMA ($423+). SURE expect some reaction at the now infamous $418.30ish area, but the 200 is the next decision area.

[ChuckyTheGoat]

Your appreciation is appreciated althouh the results of late have been questionable. A lot of what I tout are futuristic growth/speculative one's looking for 10x.BOL Buddy!

Thx, Madison. I try not to be short-term results-oriented.

Appreciate anyone checking in with well-researched opinions.

[Slurry Pumper]

I think as the week moves one we will get our relief rally. Looks like the $410 on the SPY was the deal. I missed the QQQs, they didn't even make it to the 200DMA before bouncing here. I think the biggest relief rally we will get is in the banks, the XLF is a nasty looking chart right now and the closing price from Friday is $31.45. That's at a level of support although not the best level. There is a more substantial level at the $30.50ish area. With the Fed coming out this week to tell us a few things, that will be the market mover it always is and this time, I'm in the bullish camp. I'm looking for the XLF to get to the 200WMA by the end of the week ($32.62) and if it does, the rest of the markets will be coming along with it, or should I say the rest of the markets will drag the banks along with them? Who the bottom line is they will all be moving in the upward direction for this week.

[Madison]

September/October traditionally worst months for market. The big rally will start soon. Buckle up.

Scared of what the jobs and retail numbers look like after the holiday punch bowl empties. I feel it's going to be a rough winter into spring especially when people realize rate reductions aren't coming anytime soon.

[pavyracer]

September/October traditionally worst months for market. The big rally will start soon. Buckle up.

[Madison]

1) I've said this b4. Thx to guys like Raiders, Milw Mike and Madison for posting their info here.

2) Been travelling this week. Take it FWIW, been seeing GBTC advertising in the airports.

Your appreciation is appreciated althouh the results of late have been questionable. A lot of what I tout are futuristic growth/speculative one's looking for 10x.BOL Buddy!

[Slurry Pumper]

I hate it when one of the markets goes to my number and just hangs out. Yes I bought some calls that already expired, but I also got a few that expire next Friday. I'll hang on for the weekend which is a leap of faith. The QQQs didn't even get close to my number. All in all, its a wait and see if we get that start to a rally situation.

[ChuckyTheGoat]

1) I've said this b4. Thx to guys like Raiders, Milw Mike and Madison for posting their info here.

2) Been travelling this week. Take it FWIW, been seeing GBTC advertising in the airports.

[Slurry Pumper]

Believe it or not while the markets look like they are in melt down mode, I have a few spots I'm willing to buy the SPY and QQQ. For the SPY intra-day scalp to start with the possibility of more, I like $410 (SPY bounced ahead of that yesterday, but still may be valid today). $407 is another spot I like for a long scalp with the chance to start a relief rally, and finally $400. If we find the SPY down around $400 in the next few days, the feeling will for sure be that the sky is falling and its a good round number for a short squeeze operation for the end of the year rally to start from. While I am a doom and gloom guy, it all doesn't happen at once, and I think we get a rally into the end of the year here at some point. This is why I am getting rid of all those long term Puts I just bought a few weeks ago, and looking for daily expiring calls in the spots I just mentioned, if the inflection point sticks, I start buying weekly expiring calls.
How about you Tech guys playing the Nasdaq? Well earnings season didn't really save the Qs, but there again its been hitting the skids lately and we have what I call an "It's Time" condition. Meaning its time for a relief here a little bit where people like me who have been shorting need to take profits and rallies are started by the short players buying back the shares. The levels for the QQQs are: $334.50 to start, and I really like the $330 spot right where the 50WMA is hanging out. The numbers are pretty far away, but they can get there real quick. If they do people will be in panic mode and that seemingly falling knife will look dangerous. This just means the pop is larger and it looks like it comes out of nowhere, but in reality if you know the numbers you can remain calm and take advantage.

[milwaukee mike]

The SPY did get to and close below the $418.30 spot today while the QQQs got below $351 and also closed below. A rescue operation will need to be put into place tomorrow and Friday to produce a bounce to squeeze the short players or the markets will go down quick like me on any Miss America contestant who is not really a dude if given the chance.

The SPY and QQQ tried to bounce the last couple of days but couldn't get going and thus they are likely to drop here. Don't just throw caution in the wind however. The rescue team typically will show up and save the day with a relief rally. I'm just saying markets are at a point here where stuff could happen.

nasdaq 5 day and 1 month look like a disaster

i'm not a chart reader like you, but even i can smell what a dead fukking skunk smells like

[Slurry Pumper]

The SPY did get to and close below the $418.30 spot today while the QQQs got below $351 and also closed below. A rescue operation will need to be put into place tomorrow and Friday to produce a bounce to squeeze the short players or the markets will go down quick like me on any Miss America contestant who is not really a dude if given the chance.

The SPY and QQQ tried to bounce the last couple of days but couldn't get going and thus they are likely to drop here. Don't just throw caution in the wind however. The rescue team typically will show up and save the day with a relief rally. I'm just saying markets are at a point here where stuff could happen.

[Madison]

As advertised, I've been downsizing since maybe May. Well, thankfully my equity exposure is way down and my fixed income is up significantly. Thankfully I'm 90/10 fixed to equities. I'm getting more and more concerned that the equity market has minor upside and major down. BOL to all, but please be cautious.

[Madison]

DNA ... very interesting play. Seems to keep holding its lower support circa 150/160. Lot of interesting investors/insiders. I have been selling/limiting exposure circa 2.20 and buying circa 160/170.

[Madison]

Been on this one for quite a while. Solid article and entry point here.

Symbotic is at a Critical Price Point: Are Big Gains in Sight? - MarketBeat

This guy maintained its price point through a very tough couple weeks. Adding on dips here.

[Madison]

Yea im a rookie in the stock market. If I buy a stock I always use limit orders else Robinhood will screw you….I bought PDD pre market this morning

Just heed my prior advice on after market. Do your homework. Welcome an best wishes.

Right now things are very volatile even though the VIX doesn't tell us so. If and when you start a position do so with amunition available to support it.

[Chiefs83]

Yea im a rookie in the stock market. If I buy a stock I always use limit orders else Robinhood will screw you….I bought PDD pre market this morning

[Madison]

Any thoughts on buying after hours on Friday

Based on some of your prior quotes I'm guessing you are not a seasoned after hours trader. Please be VERY careful and educate yourself on limit orders and bid/ask quotes. After hours trading can be a very useful tool but you wading in dangerous waters as volume is often low and the bid/ask quotes can be wildly exaggerated. BOL!

[Madison]

Have offered before. This is the future and coming with strong defense/Gov backing. I think decent entry points here. DCA in. Note "Stellantis" in the alert below.

Archer Aviation Inc. (NYSE:ACHR - Get Free Report) major shareholder N.V. Stellantis purchased 12,313,234 shares of the firm's stock in a transaction on Monday, October 16th. The stock was acquired at an average price of $5.68 per share, with a total value of $69,939,169.12. Following the completion of the transaction, the insider now owns 31,048,137 shares in the company, valued at approximately $176,353,418.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

For anyone with curiosity in either company this a great summary article on each.

2 Electric Flying Vehicles Stocks Ready to Fly or Crash in 2024 - MarketBeat

[Slurry Pumper]

Looking for yet another bounce off of the 420 area. So the song remains the same. Keep in mind if the markets can't sustain the bounce, it typically breaks down and goes lower. For now however until further notice, play the bounce. I see the futures are beating me to the punch this morning. If the SPY can't get through yesterday's high. That's a problem. For the Qs, same deal.

[Chiefs83]

Any thoughts on the market today, what are we looking for

[Slurry Pumper]

To open the day, I'll be looking to see if the SPY gaps below the $418.30 spot. If if doesn't gap below I'll be looking for a scalp trade for at least a couple of minutes to start, which may morph into more, if it doesn't turn around, the SPY will start heading for the $410 area.
QQQs gotta hold the $351 spot for all you tech players but it is the same sort of deal. 1st a scalp of a couple of minutes which may morph into more.

What does that really mean? I'll buy a shyt load of calls this morning after the morning rush when the markets stop falling as my support numbers get closer, or on the open if things start to rise. Then almost immediately start siphoning off shares when the price moves up. I bail and get out of the way and get rid of the calls if the price hangs out below those touted numbers on hourly closes. Not all at once, but over the course of 3 to 4 hours depending on the market action, ie not a free fall situation.

[ChuckyTheGoat]

those things used to trade at a huge premium, for example in 2018 when btc was under 20k, gbtc was 30... now stuff like etcg trades at a 50%+ discount

i like etcg at this level... bito seems like a better idea than gbtc if gbtc gets to around NAV (no discount), you can sell options against bito

Thx, Mike. Appreciate your insights. Will scout those out.

[milwaukee mike]

GBTC ripping. My logic:

1) Hard for Americans to on-board purchase BTC.
2) Much easier to on-board purchase GBTC.

If people want to have Bitcoin exposure, GBTC may be the logical choice. Assuming BTC demand keeps rising, GBTC price should go up in lock-step.

those things used to trade at a huge premium, for example in 2018 when btc was under 20k, gbtc was 30... now stuff like etcg trades at a 50%+ discount

i like etcg at this level... bito seems like a better idea than gbtc if gbtc gets to around NAV (no discount), you can sell options against bito

[ChuckyTheGoat]

GBTC ripping. My logic:

1) Hard for Americans to on-board purchase BTC.
2) Much easier to on-board purchase GBTC.

If people want to have Bitcoin exposure, GBTC may be the logical choice. Assuming BTC demand keeps rising, GBTC price should go up in lock-step.