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

**homie1975** · 10-06-23, 02:21 PM

Guys
please keep the politics out of it.

stocks go up and down under R's and D's

if you look at it historically, the slightest of edges to the market under D's but it is razor thin.

the POTUS has way less control or impact on the stock market than people think.

FED, OIL, etc etc

these are much bigger factors.

**Madison** · 10-06-23, 03:33 PM

Originally posted by homie1975

WHAT A CALL.

Incredible JOSHER

Been liquidating since June and will consider to do so.

**Chiefs83** · 10-09-23, 05:13 AM

Wasn’t QQQ around 365.66 around close Friday. Now it’s 362.26???

**Slurry Pumper** · 10-09-23, 06:46 AM

From a market prospective the weekend has been interesting. Usually after an invading force attacks a country and the futures market drags down the markets, that is a signal to buy. See my post for the Russian attack on the Ukraine on the day that happened, the dow was down almost 1000 to start the day and I told everyone early in the morning that the day would finish positive and it did. One of the best trading days I've ever had.
Today however the markets aren't down as much as I thought they would be, and also the bond markets are closed today. I'll be bailing out of those call positions I got last week, if that $418.30 (SPY) spot is breached on the way back down. I still think we have our short squeeze operation, but after filling a gap on the daily chart from Friday, markets could just fall apart here. My sentiment is still bearish, and this whole short squeeze play was a temporary thing. The new squabble in the middle east may truncate that squeeze real fast depending on how the lines of support in this conflict line up.

**homie1975** · 10-09-23, 11:04 AM

Originally posted by guitarjosh

Option ratios are at levels you only see a few times a decade. Get ready for a rip-your-face-off rally. I wouldn't be shocked if we go up 10% by the end of the year.

your sage prediction hurt by the macro issues in the middle east

**homie1975** · 10-09-23, 11:04 AM

Originally posted by milwaukee mike

i disagree with you guys about a rally… i think we’ll keep dripping lower or crash, it IS october

your sage prediction helped by the macro issues in the middle east

**Madison** · 10-10-23, 07:22 AM

Symbotic

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

**Chiefs83** · 10-10-23, 09:03 AM

SYM taking off

**Slurry Pumper** · 10-10-23, 05:59 PM

OK the markets went up to and eclipsed the $435.33 which I'm calling the "neck line" for the head and shoulders place we are currently still having. I sold a little of the Calls and picked up a few Puts. Then the price kept going up until $437.22 for the high of day, I sold some more shares soon after and picked up a few more Puts. Then the SPY came back down and closed below the neck line which makes that head and shoulders play still valid for you short players. So what happens tomorrow? Who the hell knows but as I bust out those Crystal Ballz, there is allot of it can go either way. If it goes up, I'm looking for an intraday level of $438.50ish for both a moving average and a gap fill situation. I'll be both a seller of calls and a buyer of Puts at this level while still holding onto about 35% of all calls I had while I wait for a sign and or signal. A close above the neck line from today, and the upward move can as is likely to continue, a move above the moving average and gap would also signal a continuation of the bullish behavior, but I would be selling Calls before the close while not necessarily picking up some more Puts.
How about if we wake up tomorrow and the whole word is gone to shyt? Well we have support at the $432.96 spot from the 20 DMA, a previous level of inference at $431.15, and my last line of defense right at last week's closing price of $426.65. I've been picking up Puts here and there, so I'm willing to let things go pretty bad before I bail on the short squeeze play, and if I sense that it is a fake out operation, I will be buying some short term Calls that expire on Friday on the way down to my line in the sand.
Anyway there is some news coming out that will probably move things around in the next couple of days, but as you know I don't know what those reports are, and I think they are just a catalyst to get the markets to move how it was going to move anyway.

**homie1975** · 10-10-23, 10:36 PM

bull market climbs the Wall of Worry ??

**homie1975** · 10-10-23, 10:37 PM

Originally posted by Chiefs83

Wasn’t QQQ around 365.66 around close Friday. Now it’s 362.26???

now it's $368 and a half.

ATH was Nov 2021 at $404.

it is my biggest holding.

i am stuck with it and it with me, for a long time :-O

**Slurry Pumper** · 10-12-23, 07:07 AM

Yesterday markets moved down to my 1st level of support (almost), and I did buy those Calls that expire on Friday. Then it turned around but didn't make it to the gap fill scenario. That's OK today is another day. Same plays as above. We can see a continuing short squeeze and maybe a rug pull here once the inflation numbers come out. Either way, I'm following the plan like a robot.

**Madison** · 10-12-23, 04:35 PM

Treasury Yields

There's a message here.

Though QT has reduced the Fed's balance sheet by $1 trillion overall since beginning last year, the central bank has added around $77.5 billion in bonds with maturities of 10 years or more, according to St. Louis Fed data.

**Slurry Pumper** · 10-12-23, 05:59 PM

3rd day in a row the SPY tried to fill the gap only to not get too far. When the markets try to go one way and get rejected, then they typically go the other way and that is what happened today, right on down to $431.23 which if you're paying attention is just $0.08 from where I have my support level I told you about. After shaking out the Longs, the Trick, Trap, Fool and F you sideways crowd turn around yet again. it was a great day, I still have some Calls for tomorrow, and I still have some of the long term calls that expire in January left. I also have a small amount of Puts that expire in January. Tomorrow, I'll be unloading those calls that expire of course, and probably a little more of the ones that expire in January. We'll see, I really don't want to hold any thing long going into the weekend, but I will hang on to a growing Put position for the long haul. i'm still in the doom and gloom camp, but the short squeeze isn't quite dead yet and thus can gain legs to go for the gap fill ether today or next week.

**Madison** · 10-13-23, 12:48 PM

Slurry ... Not sure if I'm the only one, but while I love and appreciate your input I wish you could put your intellect in a form us normal traders could digest.

All my best!!

**milwaukee mike** · 10-13-23, 04:21 PM

Originally posted by milwaukee mike

i think some of these consumer stocks like KO, PEP, TGT, CBRL are at good entry points

KO and PEP are trading like none of the fatties in the USA are gonna ever buy soda and chips again

i should've piled into all of these a week ago

at least i nibbled on some more pep and tgt right near the bottom

**Madison** · 10-14-23, 09:03 AM

Originally posted by milwaukee mike

i should've piled into all of these a week ago

at least i nibbled on some more pep and tgt right near the bottom

Was circling DG, but it bounced quite a bit THU/FRI.

**d2bets** · 10-16-23, 10:19 AM

I guess Mr. Market loves all the world turmoil. What's going on here?

**homie1975** · 10-16-23, 11:07 PM

Originally posted by d2bets

I guess Mr. Market loves all the world turmoil. What's going on here?

the bull market climbs the wall of worry

**Slurry Pumper** · 10-17-23, 06:32 AM

Yep we have the markets making a bull flag on the daily chart so don't be shocked when they go up. To play this, I am buying calls that expire on Friday or even sooner, then at every resistance area, I buy PUTS that expire late Jan or maybe even mid Feb.

**Madison** · 10-17-23, 02:19 PM

Originally posted by Chiefs83

SYM taking off

Any thank you 's here ?? Up 25% or so in 2 weeks.

**Madison** · 10-17-23, 02:21 PM

Originally posted by 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

Bump

**Chiefs83** · 10-17-23, 04:59 PM

Hell of a call…I bought when it was at 37

**hehfest** · 10-17-23, 05:09 PM

Originally posted by d2bets

I guess Mr. Market loves all the world turmoil. What's going on here?

Just buy every single defense (cough, cough, offense) stock in every company you can find and you will do fine. They love war and rumors of war and they become wealthier and wealthier from it. Don't think for a second all these crooks in CON-gress aren't loaded with shares in weapons stocks.

**Slurry Pumper** · 10-18-23, 07:32 AM

The SPY needs to break out above the 50 DMA ($438.94) pretty soon (buy Friday in my estimation) or this hype machine for a rally due to the strong consumer will soon turn around and go the other way.

**Chiefs83** · 10-18-23, 09:51 AM

Is it time to bail yet?

**Slurry Pumper** · 10-18-23, 10:00 AM

Originally posted by Chiefs83

Is it time to bail yet?

Nope for SPY I got $431 for my line in the sand, and that is after a daily close so lets see what happens if and when the SPY gets down to that level today.
Right this second there is a bull bear battle going on at around $432. This is a day trading level for me to buy too.

**Chiefs83** · 10-18-23, 10:12 AM

Thanks
Slurry crazy how close your numbers are

**Slurry Pumper** · 10-18-23, 05:12 PM

Well the SPY got cut right through the $431 spot then hung out at around the $430.50ish spot for about a half hour, took a dump and clawed back to barley close just above the low from Friday. I'm out after a close below $431 for the day and it was looking like that was the case so I bailed. Tomorrow the markets might try to bounce again, but I'm not going to participate. Put me down in the doom and gloom camp as I think we see the 200 DMA before long coming here.
Over on the QQQs its a little more bullish and I think next week may be the earnings for allot of them, but I'm still bearish overall.
Overall I think the markets are skating around on some very thin ice here. We're about a surprise attack from a Arab country away from a melt down here; or maybe a not to be outdone large force offensive by Russia over in Ukraine. Either way, I'm about as close to the exit as I can be in the markets. Not only for doom and gloom, there could be a large surprise announcement coming from all the crooks in Washington that would set the market ablaze and we would be off to the races here for a while and somehow challenging the all time highs.

**mr. leisure** · 10-18-23, 05:21 PM

Gold going to hit $2000 an ounce ?

**Chiefs83** · 10-19-23, 07:51 AM

Any thoughts on the market today… I’m thinking about selling and getting out…thoughts….

**ChuckyTheGoat** · 10-19-23, 08:35 AM

Originally posted by Chiefs83

Any thoughts on the market today… I’m thinking about selling and getting out…thoughts….

Fair question. One retort: What do you do with your $$?

**Madison** · 10-19-23, 08:40 AM

Originally posted by ChuckyTheGoat

Fair question. One retort: What do you do with your $$?

MY MM above 5%. Not a terrible spot to hide out.

**Chiefs83** · 10-19-23, 08:54 AM

About 50% is invested in the market…rest is in the bank
What is MM?

**Madison** · 10-19-23, 09:21 AM

Originally posted by mr. leisure

Gold going to hit $2000 an ounce ?

Curious trade. I did quite well mid 2020. Have been waiting for a descent under 1850. Added to my GLD around 170/1850. Outside of a March (SVB) and recent Israel situation bounce this commodity seems to want to trend lower. Add Ukraine and you get the picture. As long as interest rates are higher we should see downward pressure. Outside geopolitical/Banking look downward. Preservation of capital? I don't buy it at this level. What is Gold really worth other than jewelry?