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MDJH 1.54 and they took it down with all the volume. One more stab at it here, see if it bounces back
MDJH 2.04 nice volume, low float, took some here
Market strength is turning into weakness quickly.
BSFC 2.94 picked up some more, bounced off the upper 2s on Monday
INDO great call from 2 weeks ago. Unfortunately, I missed out here. Nice to see one running though
BSFC 3.08 took some here
Nice turnaround this morning for the broader markets, hopefully the economy news might keeps this green all day.
And there's the drop. Looks to test Monday's lows. EDIT: I should say S&P and Nasdaq look to test Monday's lows, Dow probably won't, at least not today.
To clear up any potential confusion, MM refers to market maker. I think this was brought up a couple days ago as well, or maybe last week? Anyway, yes, in my experience, they are almost always in control. Whether that be their algorithms controlling or an actual group or otherwise.
Great to see a PM rise! That said, concerned about market reaction anytime the fed has an update. We haven't seen the big green to big red day yet this week, so anything above breakeven would be a huge close today IMO.
Noticed that too, AH drop across the board.
Yeah, you're better off checking IWM to get a good idea of Russell if using Yahoo. I'm seeing 2033 as yesterday's close for Russell, with a high today of 2030 right at open.
Russell has been red since opening from what I see, along with all others
Agreed, expecting yesterday’s lows to be tested today. Also the tickers that failed to recover yesterday will likely see lower lows the entire day.
That could be the opposite action of today
Just a preview for what's to come IMO. Thinking a new consecutive red day streak starts again tomorrow. Number 14 all time for largest intraday point swing for the Dow.
True, my mistake, was referring more about micro caps. Or more specifically nano caps, since that's most of what this board discusses.
Noticing that too, similar to what's happened the last month but on a much larger scale, small caps aren't recovering with the rest of the market.
NRSN 2.16 agreed, would like to see it! Nice comeback here too, unlike other small caps
Circuit breaker kicks in when the S&P is 7% down. The number for today is 4090. Saw it a couple times in 2020 and I've been expecting to see it again for a couple weeks now. Maybe not today, but very possible sometime this week.
I suppose definitions of bear markets are different, depending on who you talk to. IMO we aren't in a bear market but rather a correction. The correction could turn into a bear market if it continues for the next few months. This would mean the last bear market we've encountered was around 07-09.
BSFC wow, I was expecting this to bounce back up but didn't think it would be today. Impressive.
BJDX 1.70 still holding here too and actually picked up a very small amount (300) here, mostly because it was my plan to buy below 2 about a week ago.
396 tickers at 1.10 or lower, thinking the under a dollar number could be 400 by the end of the week
S&P at October lows, not much support below that. Will we see the 4090 number for the circuit breaker?
Did you pick up some SPY or QQQ puts? Could very well get the circuit breaker halt this week, or even today
Of course, S&P controls the circuit breaker, which would be 4090 on Monday, which would be close to May lows. Even if it does break Oct/Dec lows, there's still the June and July dips to get through, so probably won't happen Monday.
It's just been such a steady rise over the last year and a half that this correction was bound to happen eventually, just a matter of the game of limbo and how low does it go.
If the Dow breaks below 33800, which is October lows and also flirted with in December, I think we see a circuit breaker halt sometime next week.
AMST yeah, wicked drop. Will look to buy more below a buck
Green? What's that? Ha! Maybe they turn it around like last Friday afternoon, giving everyone hope, only to continue the downtrend next week.
Great calls! Hopefully you cashed out. Big question of will the correction be over by mid-February. The bounce to green today followed by right back down was right in line with the trend lately.
BSFC agreed, wait for this to gap fill and pick up more for the next run
AGRI down today like most others and a bit surprised this didn't get a slight bump from BSFC, similar business model. FYI I have not picked up more and am deep red on this.
lol are all these pink...?
NVFY 1.70 picked some more up here 3.9m float 11m MC. EDIT: and maybe most importantly, is not in free-falling mode like others
AMST 1.43 continuing from yesterday
Enjoy! And probably a smart idea as we are now looking at March/May lows for the Nasdaq and October lows for the S&P. And really hoping the Dow stays above that triple bottom of Sept/Oct/Dec lows.
BSFC first, thank you to Mark for the initial recommendation a couple months ago. I've had my best PM trading day ever. I missed the pps of 8 early on, and of course missed the 20s during Webull time, but sold most between 5.50 and 6.50. Still riding 1000 shares to see what happens during regular hours, but it's formed quite the gap here so will likely sell here if it starts to drop.
BSFC really like the volume today, almost an all-time high, but the worst timing for it to try to breakout. It does give me hope that once the market correction is over, that this'll bounce up hard.
With SPY and QQQ breaking through their previous floors, Dow needs to hold up. If it falls below December lows, it's look out below time and could result in that circuit breaker halt that we haven't seen in a bit now.