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Put buying still around the bottom. Everyone thinks we're going up up up.
http://schrts.co/jGxtkvSu
Tech definitely needs to correct, but we landed right at support so my guess is we don't see much more selling, unless the market somehow things banks' earnings are negative. I highly doubt it will as they always find a way to spin or omit guidance to make things look good. Would love a gap down to get out of some puts, but I have my doubts.
IV increased so puts went up, too. Has nothing to do with knowing what direction the stick will go.
IMO, we pulled back so earnings that "aren't as bad as expected" can juice the markets. *SHRUG*
Yep straight back up tomorrow I'm sure.
1400 this week would be lovely (for me). Big consolidation in that area so definitely support, but not so sure we make it. We'll see.
So is this it. One-day pullback then straight back up or you think we see follow through tomorrow?
Added a few more. I checked the volume earlier this afternoon and noticed the same thing, that it was super high so definitely seems like a turn is coming.
Thanks! I didn't listen to it yet, but he mentioned if we pull back into the range we should expect to see it fall near the bottom of it. Wonder what's gonna happen in the next 30 minutes.
Thanks. Only have 9500 shares but FAANGs are so overextended this is due for a bounce, IMO. We'll see what happens this week with banks reporting.
Nailed it. You think we start moving higher or move back in the box?
http://schrts.co/FqhIEcdT
I know hope isn't a strategy, but damn hoping this is the NQ top for a bit. Would be nice to see a pullback and not sideways.
I'm holding mine for the reaction to upcoming earnings. See what happens.
Higher high at 3235 today, but at top BB. One would think we see a pullback before going higher, but never know these days.
EDIT: if you look back at the last time this happened when it ran to 3233 it just went straight up. Could be the same this time.
http://schrts.co/KSzWpFPP
I'm loaded in UVXY and FNGD, with my FNGD just starting today. FAANG stocks need to pull back 10%+ IMO. All in my 401k to protect my long miners.
YUP! NDX and everything in it needs RED!
Same situation?
http://schrts.co/EsNHyBAF
TSLA filled today's gap. Back up now? Can't sell my put because of RT restrictions. Probably gonna lose all my profits.
PUKING! Ugh. Added back a 1400 put before the drop but can't sell because of RT restrictions!
Top of gap holding so far. Big volume plus this crazy candle sure points to a top, even if it's only for a short pullback to the daily top BB. LOL!
http://schrts.co/wviqFuWQ
Sold my puts from 18 to 21.50. Missed a ton and will probably miss WAY more.
So filling the gap. Damn!
New position here. Just found out about this!
Broke out of the zig-zag box. Going for gap fill above or will 3233 stop us?
http://schrts.co/SnhBxqHm
Whatever it takes for everything to keep going up LOL!
In 5k shares FNGD in my 401k. Didn't know the ETN existed.
Possible situation: PPS being pumped up until this is added to the S&P. When the funds are forced to buy major holders are gonna unload. But who knows when that'll be.
Going to 3250-3300??
No stopping it. Unreal.
$400 in two days. Unreal.
Just a pure double in 3 weeks? This is bonkers!
I don't agree with the PPS/valuation, but gotta give props to longs. Congratulations!
Watching close. Assuming it'll gap but I just can't see this going past 1600. The move on Friday was unreal. I don't have any positions related to TSLA (yet).
EDIT: Well it's gapping almost $100 soooo....
State-run banks do when the government tells them to...
It doesn't work on mobile for some reason.
Why only post this on the China site? We'll see if it appears on the English version.
MC the same as Nissan, 2/3 of Ford and about half of GM. How many cars are they producing? I'm glad the market looks 5 years in the future to value companies like this now. SMH.
Yep, SPY about to bust out next week, IMO. Only problem is NDX topping out. Cycling out of tech into banks and maybe small caps. Held things up by pumping techs now back to others. SPX 3230+ coming, IMO.
All these Robinhooders think it'll just keep going up forever. It's hilarious. 2000 next week? LMAO!
I'm thinking 1600 top. See what happens early next week.