Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I covered my short this morning, so yes bounce is short covering. But not shorting here ... will wait for 383x
Let's see if Bulls can recapture 3800 & get to 3830 ... Long!!
Quick 50% retrace off 3911 from the 3491 lows.
Yeah, got the pullback I was looking for. The daily 20dma at the 3735-40 area should hold support for rally UP to the mid-terms ... C'mon Bulls!!
This shouldn't have been a surprise since this has been the most obvious trade this year. UP on hopes of a FED pivot only to sell at the start of Powell speech.
Excellent Jerry ... Thanks!
Both 100dma and upper bb at that level as well ... wow!!
Great call again with eom window dressing. Should just chop in a 50 pt range till FED day.
I like that scenario ... then rally into FED meeting.
BLACKROCK ECONOMISTS ARE TELLING FINANCIAL ADVISERS THAT THE NEXT FED MEETING WILL INCLUDE "PIVOT LANGUAGE". - FOX BUSINESS REPORTER TWEETS
— FinancialJuice (@financialjuice) October 27, 2022
BLACKROCK EXPECT POWELL TO ANNOUNCE A 75 BPS HIKE FOLLOWED BY TWO SMALLER ONES AND A PAUSE TO GET US TO AROUND 4.75% - FOX BUSINESS REPORTER TWEETS.
— FinancialJuice (@financialjuice) October 27, 2022
Double digit FAANG
META (FB) and GOOG are already there. AMZN very soon and AAPL also in 1-2 months. NFLX did not split, otherwise it would also be in double digits.
yeah, Yuriy pointed this divergence as well
https://twitter.com/yuriymatso/status/1585386303624859648
Don't forget the FED too next week (Nov 1-2) :)
Here is my post on bear market rally to 3800-3900 range on 10/17
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170213138
Jerry, we are in a bear market and it doesn't end with VIX at 30-35. I played long from 3600 in this bear market rally but it is just about done here.
Appreciate your views/charts as well as everyone else on this board to keep me straight! :)
Good points and agree. But I don't think Santa will show up this year to save the Bulls!
They can spin this how they want but earnings are BAD, period and I think estimates should continue to decline for at least 1-2 more quarters.
You got the pullback you were looking for lol
Ah gotcha :)
I think you meant META ... what a sham!
At this rate, it might be at the IPO price of 27 next year!!
All depends on AAPL and AMZN tomorrow night ... That will dictate continue of trend up or end of trend up, IMHO!
Yeah, looks like balancing day tomorrow waiting on the BIG BOYZ!
META Miss
Crash tomorrow or will they save it for the duo AAPL & AMZN miss for Friday? :)
Hmm, interesting. Thanks Keep!
What is going on with VIX?
Not doing what its supposed to be doing lately. Green with market up and Red with market down. Any ideas?
Another retrace started? :)
This time from 3647 low to 3886. Let's see how much this time.
I missed it here but saw something similar on the CCI board.
I had mentioned earlier that crash talkers would dissapear in a few weeks but he has persisted. If one calls a CRASH every month, well it will happen sometime in the future and yes one will claim to have forewarned and be RIGHT! :)
Yes, you are right. It did retrace (not quite 50%) to 3647 after moving from 3491 to 3762. Lets see what it does this time.
That was a retrace?? lol
I cannot find any new Taiwan news ... MSFT weak guidance and GOOG will sink the market tomorrow. We should at least retrace 50% of the move up from 3491. Let's see what tomorrow does and then the BIG GIANT APPL Thursday evening.
Agree trend up has not changed ... a retrace in the short term is in play now.
They knew GOOG would disappoint, so they had to take it up for 3 days so that they can bring it down again! MSFT rarely misses, cloud revenue lower than expected.
Same here ... think we topped out here for a retracement. Good call on 3800
Something is not right and artificially holding this up ... look at the VIX green. This is going to crack soon!
Done!! Shorted at 3795
3800 on deck!!
VIX Green shows typical Bear Market Rally
Down we should go again early next week ... Have a great weekend everyone!
Pause not mentioned ... debate size of next move!
Reality should sink in early Mon/Tues I think,
https://www.wsj.com/articles/fed-set-to-raise-rates-by-0-75-point-and-debate-size-of-future-hikes-11666356757
Hmm, yeah now going to test 3746-3762 high from earlier this week.
Week is not done yet :)
Looks like it ... STRs till 10/25-26 bottom.
STR == Sell The Rips!
Good call :)