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INTC looking similar. Retrace and bounce off the 50d.
Totally agree. It’s one of my favorite tickers heading into next year.
SQ chart with a healthy reset the past two weeks. Textbook bounce off the 50d yesterday. Dorsey also rolling out Crypto access to its Square device.
Idk... I’m having a hard time blocking out the noise beyond that. This whole Flynn testifying against the president thing could provide a deep dive at any time.
A revisit of the long established breakout level - around 210 where it coincidentally failed 2 years ago - would be VERY healthy. However, there is a lot of resistance between here and there and that move would break both the 50d and 200d. Only a serious catalyst (cough impeachment / indictment) could provide such a violent move lower and with our new dove fed and an infrastructure bill on deck it could be the biggest BTD opportunity yet. Ultimately I don’t think the market would blink over a Pence presidency vs DJT. I could also see the fear of impeachment pushing congress to nail down tax reform before the wheels come off.
Just my $.02 if rambling
Sticking with my prediction from yesterday. That 266 print we saw intraday will be our 2017 high.
I think we sell the news from here. May see a 1-2 day pop, but I don’t think we see 266 again until 2018. I feel we drift lower and maybe find support around 260. Then a small pop on taxes , then that news gets sold the week following its release (week of the 18th). I think we see the 254 area that week before Santa bouncing a bit into year end.
Does a GAP down and fill in premarket count?
That’s a smart move 99% of the time
They are a nasty beast! Brings back nightmares. Lol
Could be good for a quick turn.
I’m playing the larger time frames. I tend to do better playing lanes 30+ days out even if I usually exit in less than 15 days.
I am just not smart enough to play the weeklies.
Okay... I’m calling my SPY top. Today was the highest print of 2017 we will see imho.
I’m adding January puts today
Agree... I cashed my 260c yesterday and 262c today even though they were 12/15 expiration. Took the profit and have decided against rolling up calls... just too risky for my blood to hold. Now we see if today was the top (doji currently) or if exuberance has one last gasp to a 265 intraday print.
I dig it. Today’s close should be telling ... as it’s stands now it sure looks like it could print a temp top, but the bulls have been nasty at every dip so I’m wading in nice and easy
As in the area where the tide turns?
Which is kind of weird as it’s on speculation of tax reform ; sector rotation out of international revenue and into domestic focused companies.
My guess is that this is a tech dip like all the others... ergo, a buying opportunity
Bought some JAN 264p @ 3.88
Just a few to keep an eye on that lane
Closed the 12/15 262c @ 2.41 from .90
Happy to watch and wait a bit for next entry.
Danke!
I think he’s got chubby fingers.., often gets 4/5 or 5/6 messed up.
To be clear... I’m sure his portly digits are adorable
Closed 12/15 spy 260c @ 3.75 from 1.35
Still holding 262c from .90
Closed a quarter position of my csco 12/15 36c @ 1.50 from 31
May unload the rest and roll them up a few bucks
Speaking of which... I took BTC and ETH profits today. Sold at 9850 from 1010 and 475 from 55. Sold half , hold half. Happy to have only house money at risk and profit in the pocket. Going to be a wild ride from here imho
Sure, but what’s the catalyst this time around?
Yet pretty much anywhere you look it is consistently trending in searches above AAPL.
Cryptos are still a baby. Haven’t even left the second inning imho
Do you really think BTC lacks exposure?
I think you’ll see profit takers come in around that area and look to get back in when the charts cool off. BTDUSD has been following technical analysis and that is much of the activity we have seen (speculative traders). I rang the register on half my BTC (in under 1000, sold for 9850) and half my ETH (54 to 475). I’ll look to buy back BTC around 7500 and ETH around 375
All just my $.02. Either way , 2018 should be fun!
This is all just part of negotiation which is good. Lots of noise and lines in the sand followed by a 20%. Corp tax rate, limit on estate tax (not elimination), and some form of concession on property and state income tax write offs.
Everyone seems inflexible today... that’s just part of the dance imho. No one has budged yet, but They are closer than they appear.
Charts need to breath... nothing more. Might even fill some of the recent gap, but the fundamentals will have me buy that dip. This is going to have a big leg up next year. Could test $60 by summer imho
Why people obsess over “shorts” in sub $1 stocks is beyond me.
A) it’s not a factor 99.9% of the time
B) if it actually was a factor then those folks should fund anther ticker.
The poster posting the finra numbers is just a parrot on repeat. They don’t care about the truth of the matter. Sadly it’s just polluted this board and others with worthless noise.
Just keep buying SQ
13B MC
Bitcoin could be huge.
Bingo... I’m stalking 12/15 260c. Hoping for a nasty dip to load up.
Sticking with my guess that we see 263 print at a minimum before year end.
It passed, but I’m eyeing puts. They’ll screw this up... no doubt.
Closed half 12/15 CSCO @ 98 from 31
Riding the free contracts from here
Let’s hope it holds up into the open!
Good luck to us!
This article echos my GE sentiments... it will be back, but today it’s still over valued even in comparison to its 10 year avg PE. 16.6 current vs 15.9 10 year average... and as we both know GE is fundamentally in worse , not better, shape in comparison to the decade prior.
I like the new CEO. Think he’ll have things turned around inside of 3 years
https://www.google.com/amp/s/seekingalpha.com/amp/article/4125089-ge-will-shares-become-attractive
No definitely not alone, but they are somewhat unique for a megacap in that their business plan is contraction and simplification and they have no growth. as you know...you can get away with a high PE if you have the growth to back it up. GE cut their EPS guidance in half yesterday along with the dividend... 2018 is a hard reset for the stock and the company.
I? think it’s a value issue. Under no metric should it be anywhere near a 200b market cap. It used to be a premium ticker, but no longer. I? think it should trade at roughly a 15 PE, so there’s still more downside. As stated yesterday... I? think 15.xx before months end. Needs some capitulation before it can find a bottom.. obviously that’s underway
Just my $.02
I? bought some UCO weekly 20.5p yesterday... feel a quick trip to 52 is in the cards
Closed 11/24 GE 18.5p @ .70 from .17 purchase yesterday. Still holding DEC puts here
Following paper....
2/16 GM 48c @ .70
Much lower from here... it trading 23 PE when 13 is likely where it settles.
May see some bounces, but I? think 15.xx prints before months end.
Closed the other half of 11/17 GE 19.5p @ .66 from .17.
Avg sale price was .48 from .17
Nice little day trade.
Still holding 12/15 19p and 11/24 18p