Sounds like a good plan. I think people ate getting tired of mkt swings due to middle east daily statements. Also this week is typically a good one since earnings are coming faster now.

I wonder if short covering will occur in this final hour?

Another great call by the MOD.

Looking forward to it :)

Good call yesterday.

Can't argue with profits:

Gorilla recorded net profit of $19.9 million in fiscal year 2023, a dramatic shift of 123% from a loss of $(87.5) million in fiscal year 2022.

And at 91 cents a share, this stock only has a market cap of $73 million.

Quick math gives price/earnings of (73/19.9) = 3.67

GLTA.

That dip should be finished in a half hour after the open is my guess. Does 518 hold at that time?

I agree. Today's sell-off is over fears only. No big earth shaking unexpected news came out.
Buy when everyone is fearful.

Last 2 days it dumps near the close. Today it rockets near the close.
Crazy.

Why do you think SPY will be going down later today? Volume perhaps?

At the moment SPY is going up and UVXY is going down.

I just got some SPY puts that expire tomorrow. Looking for durable goods orders to act as a sell catalyst.

Looking forward to it.

Buying pressure seems relentless right now.

I picked up some lotto tickets. TBT 33.50 Puts at .18
Looking to sell on Thursday, one day after the Fed meeting announcement.
SPY puts maybe later today.

Looking forward to the downturn on Wednesday at 2:30 pm when Powell starts speaking.

Also sold my SPY calls at 10.00 after getting them on Friday around 6.00

Got QQQ calls on Friday for 2.00
Sold this morning for 5.00
Not confident in this morning's gap.

I just got SPY and QQQ calls that expire on Wednesday and also Monday.
Wednesday for the Fed mtg upside catalyst. Monday for the NVDA conference catalyst. Also 10 yr bond yields not keep going up.
GLTY

Wish you luck. Typically you are correct most often. You should change your name to Master Of De-Market :)

Maybe you were a day early and we blow past 520 on Thursday.

Spy depends on NVDA.

What made this really uglier is that the market didn't get uglier after a hotter inflation report. Crazy actually. Algorithms just keep buying... Relentless until it finally ends in a disaster.

I was thinking UVXY stays elevated until Tuesday morning. The once CPI turns out to be tame, the SPY rises sharply and UVXY will keep going lower the rest of the week.

As NVDA goes, so goes the market...

Tough day. Got UXVY puts at .81, held through the crap afterwards and sold later for .87
Not a lot of gain at all. Blah!

Good move. I just got some UVXY puts that expire next Friday. Looking for a rally all next week with UVXY dropping steadily starting big on Monday.

I was wondering if all new highs were in store for today and next week. Why do you feel a dump is coming later today?
Thanks in advance:)

Haven't heard from you for a while. Are you on vacation?

Looks like CYN is heading back to the .12 range.

Still sitting on the launch pad, looks like the rocket tipped on its side. Wonder if tomorrow brings more of the same with UVXY going to 9.00+
Or does this market just reverse and go back up? My bet is more downside. What do you think?

So far puts not working today.

However, in what direction?

Are you still holding your calls, or did you get stopped out?

Ardelyx's (ARDX) Highest Stock Price: $32.89 (on 12-03-2014)

Sounds like JP speak. Don't want to seem week. Blah!

Figures...

I am watching the bond market. Since rates jumped this am, and are now going down, this should lead to a collapse in the UVXY and upwards movement in SPY. Unless I am missing something.

Tough week so far.

Felt like a sticky whiplash day. Ugh!