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Pretty comical when the CNBC market cops, just had on a dip shtt, claiming that the up coming Gov shutdown risk won't have affect on the market, what a freaking moron comment that was, any kind of shut down could hit the economy, these fools will say anything to keep the market from dumping like it should be,and keep their pumps from going red before the close.
CNBC fast money halftime, Dip shtt Joe, well oh the big thing is the marker hasn't lost its overall up trend for 2023, always with an agenda to pump the market, to save himself from seeing the red on his screen, the thing is that overall trend could be now at high risk of heading to and cut deep into that trend.
$S&P sitting right at the 50% Fib retracement level, if that didn't hold, which is the case more often then not,the next Fib level of 61.8% retracement is around $4,280,and if it drops below150 EMA , the setup for the 200 EMA of $4,268 would be the next big support and test area.
If diluters are done for now, with that stupidity, that has been going on for more then just the past few months, and the future need for these kind of drones and their advance technology,all it would take is just one signed Gov contract,and it would turn into an OTC rocket ship, that would turn the dilution shorts into road kill.
After the Fed meeting earlier this week, the market has been more on the rocks, a few of the Fed Govs have made not so positive comments, about them possible having to keep raising rates beyond just the next meeting, each time they did that the market took another leg down, if the market is still hugging the 150 EMA, and if another Fed Gov makes the same kind of comments next week, that could be all it takes for it to take another big drop,at this time the Fed most likely wants the market to keep heading south, to take more of the frothyness out of the market,that could help with the inflation problem, with people having less to spend, if they're investment accounts are getting hit hard, they just might cut back on over spending,and help with inflation situation.
$SPY lost 21 points in the past seven trading days, and now sites on its 150 day EMA, just like predicted, if it doesn't hold these levels,it could get more ugly next week.
LOL
$VIX On the four chart above the 50 EMA and the 10 EMA crossed over the 50 EMA today, a system signal of more volatility that could buliding up in the market.
There goes today's pump right out the window, dont let the last pump out the door,whack you in the backside.
Kind of like how if someone keeps going in the same circle,and over time, and getting the exact same results, they are considered an idiot.
The Jim pump Cramer little pump bounce,perhaps off of him peddling chart buddy Larry Williams, claiming that a bottom could be setting up next week, going off certain long term indicators,and the past seasonal market trends, but unlike times in the past, there wasn't a Fed standing in a big black shadow very close by,ready to keep pouncing on a bad inflation problem,that they are still fighting,and the possibility of having to hiking rates more than just one more time,and the pump fantasy of them cutting rates is now way off the table, numb nuts Jim was using is buddy Larry Williams as a tool in is toolbox of manipulation, to try and keep the market from a further selloff today,just like most of the other CNBC manipulation crew does every day of the week, the smart money will ignore clown and his cirus.
That would be a facing the reality of things for once in a long time.
Always have to look down the road, and try to see what you might incounter,so you don't drive off the road.
$SPX has not been below its 100 day EMA since this past March, today's close will be a solid close below it, and a real negative sign for the next few trading days going into next week,the new trend is down, fantasy pump traders hoping for a bounce is over,the next test will be the 150 EMA at $4,310.
If the 150 EMA of $430.00 was to get tested tomorrow or early next week,and not hold, that $420.00 area would most likely be an area of where this market would find the most support,and be where a bigger bounce could takeoff from,and be where the end of the year rally that usual happens takeoff from,unless the current situation gets worse,with rising oil and food and other products, doesn't cool off, and all drop back down.
It's been more than a decade of let's fake that, and let's fake this, and see if we can fake them all, until we get caught holding a big ugly fake bag, with nothing inside of it.
The little pops just an algo scam to sucker in bounce thinking pumps, to create more buy side volume, so that they can dump more into it, probably the program corrupt Street is running today.
Some are just day dreaming, from the looks of it,and the current situations,$SPY may need to head to and hold the 150 EMA at $430.41 to find an area to have a strong bounce off of it.
That's because it's one hex of a looooong situation right now.
Bright red S&P futures down 30 points, $VIX close to $16.00,$SPY sitting right on its 100 day EMA, if it doesn't hold it, and starts to break down below it,and keeps grinding lower, it just might not find support until the 150 EMA around $430.67, the pumps fantasy that the Feds J P was going hand them a hall pass yesterday, to go on a pumping rampage, has been wiped off the board, and the reality of a over valued market is taking hold, and could have to deal with, not just one more rate hike, but with no one knows for sure when all hikes risk will end, the Feds comments yesterday they will be sitting on a fence for sometime to come,and will keep hiking if they believe it's necessary, wouldn't be surprised if corrupt Street now has most of their algo machines of manipulation,all programed in the grind down mode for some time to go.
$VIX breaks back above $15.00 today and closes above it.
CNBC talking head Bmm b Lina saying I just don't understand why market tanked today, I think the Fed had positive comments for the market, how about the freaking market is way over valued at current levels, with the risk of further higher rates, that would put even more pressure on the over pumped market,perhaps that makes you understand.
Bright green futures, straight to ugly red,
The fake Fed related pumped rally,taking it on the chin, after the Feds hawkish comments the goldilocks crowd heading for the exits quicker than the pump standing next to them, all were hoping the Fed would hold hands with them, a dance in one big pumping circle,S&P futures now down and red, Dow lost over 100 points off its day highs,what red ugliness will tomorrow bring, know chit shat about the long time pumps fantasy about the Fed doing cuts anytime soon.
Boom boom big J says inflation has a long way to go, to get it under full control, wonder what that could be going forward, says he will still be raising rates if they think it's needed, until they can get to that 2% levels, that seems like a long way off at this point, with gas at the pump in some places over $6.50, food still sky high, with plenty of items unaffordable for many.
He's a major A hole, more greedy and clueless then the average OTC CEO, on how the market works, that at some point it won't matter what news they put out,no one will buy into it,knowing this fools selfish greed.
There has been a large amount of buyers grabbing large amounts of shares this premarket,just like yesterday, the dumbasses stacking on the offer over $0.11, have to be brain dead.
Dip shtt brainless offer stackers are so clueless, shortes at high risk of getting squeezed
The pain you all feel is the usual outcome when investing in these kind of company's over there in that country,just about everyone of them operates like a ponzi scheme, dilution,offerings, toxic notes,all for them to keep their rusting hulks from sinking at the docks,and finance themselves,and nothing else,I haven't touched one of these gyro transporters in many years,because just like now, back then it was always the same BS from these kind of people and company's,was always a losing investment,that very few times made any kind of profit, my people still invest in these scams, is unbelievable,I thought everyone would no that by now.
They gave the brokers the amo to do just that, because most of them hate making a market for them,and having to deal with all the BS related to them,like the many complaints they would receive from online clients who would get hosed trading them, 8 out of ten times, with so many of them just toxic scams,run by criminals 75% of the time,they want to shut down as many as possible now and the future.
MM criminals licking their chops right now stealing all they can from those who were sitting on the edge,and pushed them over the edge, and grabbing the cheaper shares,they live for these moments to shake down and rob all they can.
That's on the 30M chart.
Bright green futures, turn to ugly deep red,$VIX screams higher getting closer to break through $15.00, and above the 50-20-10 EMA for three days in a row,a warning sign for the overall market, of the risk of higher volatility building up in the system that could possibly get more momentum.
Bright green futures dump into the deeper red zone,$VIX ticking higher.
Over posting is a sign of desperation,and of one's concern,about their future agenda.
$VIX on the thirty minutes chart has crossed above the 50 EMA,with the 10 EMA crossing above the 50 and 20 EMA,also known as the system, and considered a new trend change,if it stays above it for over a few days without dipping below it, the new trend is considered gaining strength,and setting up for larger rise.
$VIX is a pumping,longs are a dumping, shorts are a cranking.
After how all of the CNBC talking heads pump crew, were all fist pumping each other over how low the $VIX was, that was a negative market indicator all in itself, the over cocky pump crew, are now the leading red bag intra day indicator, the worse week in Sept for past records is next week, the numb nuts pumpbags should no better, to not all be dancing in a big circle bashing and laughing at how low the $VIX was this week, it's now up 10% on the day,and the pumps went from smiles to frowns.
Majority of posters comments are like comparing them to the MACD indicator,for the most part, always lagging behind of what's happening in real time, positive MACD= pump pump, negative MACD bash bash.
The D bag is now showing size at $0.1545, the creeps need to get squeezed and have to cover over $0.16.