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If only that were true, this SPY don't want to die - STRONG bounce off the 242.80 support today!
However, I agree that technically SPY is at a very critical point. It should test 242.80 again within the next two days, and if that breaks, I believe the GAP fill to 240.50 will happen, but only next week. That's why I'm holding and adding 6/16 240 puts. I was feeling very comfortable today until the Comey transcript reversed the S&P's skid...SMH!
If the SPY uses today's support test as the bounce and breaks 244 again, I'll end up giving back the $38K profit that I made during the last sell-off, and that will HURT!
Good luck to us!
An interesting perspective, nicely stated.
Yes sir, one of the easiest BUY+HOLD stocks in Pinkyland
JMHO
SFOR, great day, now let's fill that GAP tomorrow and Friday!
Interesting, especially when taking into account the Credit Risk and bubble being created. China's banks four of top five lenders in the world...problem...hmmm...
It's looking like the BEAR-trap just played out...SMFH!
It does appear intentionally done to take "uncertainty" off the table...SMFH!
Yep, 242.80 was the SMA50 on the 15d60min and it bounced strongly off that average which makes sense given the bull market. Kudos to anyone who bought calls down there.
242.80 breaks, will see 242.40 quite quickly IMO
VIX starting to gain some traction now; I bought more VXX and UVXY calls this morning, and added to my SPY 6/16 240P.
Oil a big drag on markets and Europe etc. turned negative and closed red. I don't see any real reason to rally...
Indeed, BIG BOYS bring some FEAR back into this market...at least just for a day or two!
It's losing its relevance; the stock has gradually become stronger as a low FLOAT value play with BLOCKBUSTER potential - JNSH could RUN to .05-.10 on its business development alone given the market space.
JMHO
Hella brave given the gravity defiance - I hope it works well for ya! I tried AMZN last week, after the 1000 breach, and that only hurt...lost over $4k
Damn, that was a good buy...6/9 expiry?!
Nice day here; holding for .50+
Holding SPY 6/16 240P for a possible STRONG dip this week, or next...market too complacent again.
JMHO
Agree, doog, that goes a LONG WAY in Pinkyland, and so will GYOG for those patient enough to wait a couple of weeks...
People selling at these levels were insane...SMART money was accumulating
Exactly, HUGE UPside for INCC and it's clear the FLOAT is held nice and tight!
PR's are building and it seems INCC is progressing nicely; only a short matter of time before a BREAKOUT RUN!
JMHO
Thinning nicely now...good EXTRACTION!
SMH, I couldn't believe some were selling me .0016 and .0017's this morning, and now some .0020's - this Pinky market is even more impatient than EVER right now...
Nice CAPITULATION!
I think some people have lost their minds ALL OVER the market today; good day to be buying CHEAPIES
GYOG
I can never understand when people sell at support levels on a Friday, but keep them coming, I have a BIG NET for UBQU at this level. Real Company, Real Revenues, Real and Growing MJ stock!
UBQU
That's exactly what happened last time, and on a Friday, .0060's to .02!
One single buyer accumulated 50M shares at .0004 today; usually that's when somebody KNOWS something. Accumulation/Dist is still very high, and there might be a reason for that.
.0003's were a steal.
JMHO
Any idea what those gel caps sell for? 320,000 is a decent size order...
INCC +14.29%, 34M buying volume vs. 13M selling volume.
GYOG power...forwaaaard MARCH!!
So many positives...
Yep, Axe, INCC moving in the right direction; acquire SJR...check, $200M MJ real estate commitment...check, JHD for growhouse design...check, BluDog acquisition...BIG CHECK!
Lots of positives about to bear fruit.
JMHO