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

[Slurry Pumper]

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]

Is it time to bail yet?

[Slurry Pumper]

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.

[hehfest]

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.

[Chiefs83]

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

[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

[Madison]

SYM taking off

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

[Slurry Pumper]

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.

[homie1975]

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

the bull market climbs the wall of worry

[d2bets]

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

[Madison]

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.

[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]

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!!

[Slurry Pumper]

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]

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]

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.

[homie1975]

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

[homie1975]

bull market climbs the Wall of Worry ??

[Slurry Pumper]

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.

[Chiefs83]

SYM taking off