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.
Of it holds this support, then the full correction won't take place. I'm almost ready to say full reversal.
Apologies too. I just speak from what I see. Lowest indicator I figured on for today was 235. But support held and the lows rose as we saw.
But the median of 225 will be hit before we can go past 279 again. At least that's my thoughts. If we keep consolidating, day by day though that median on the 3m and 1yr Bollinger band goes higher.
It's just my expectation that the full correction will have to take place before institutions crawl back in. I'll try to be clearer next time.
If tomorrow it does reach 257, which I doubt given the news they just hit NVDA with on AI chips and these two trading relatively at the hip, I expect tomorrow to be one step closer to that full correction. By Friday possibly, but most definitely next week I'm bullish.
Basically saying a close today that's equal to yesterday's morning low... come on man. You want to smear me on one day because it doesn't match your position that's fine. I'm allowed to be dead wrong. But don't be an ass about it.
I was a little bearish in my estimate. I just can't call a reversal until the right pattern forms. The rising lows definitely indicated this small run. The 3m and 1yr are what has me stuck on a wider correction. We're still at the low mark of yesterday's morning pps.
257 right now would definitely mean an atypical reversal. But I just don't see it happening. Still 5 off on the low and 3 off on the high. The market AI bracketed a little more bullish than I did. Gives me something to ponder on.
Too high too fast. Snagged more puts. This hasn't moved past the point to be bold like that... but whatever bud. GLTY
Still needs to consolidate for the rest of the day and part of tomorrow to even justify the charts. It'd reverse quicker if it dipped down more now. But to each their own.
Bull Trap.
Raising median point to 225. As more time passes and support holds the bottom is looking firmer.
Considering we couldn't get past yesterday's afternoon high with opening bell's push, I'm inclined to believe the bull presence is not here today. I just can't quite call exactly where we'll bottom at. 220 for the week is still my wager though.
I appreciate that, but always get info from multiple sources. I'm not always correct. HoD 247.10. Power hour is over. Now we see if support holds. If not, new lows.
247-235 range today. My best guess seeing where we're at. I see no indication of reversing this current pattern just yet. We will have to have a day at the very least of consolidation and support to flip it around.
I didn't bite on that spot. Still holding puts. The momentum was sketchy midday, but that slide at the end and no after hour support. We'll see in the AM. I'm inclined to say 235 open.
I'm leary. The double bottom on 248 and 249 failed.
Awesome for ya bud. Yep definitely can't marry the stock. But you do date them longer than I do.
A lot further and sooner than expected. The bears definitely latched onto this one.
Pops up to 253 and slow skid to 245. Not sure what tomorrow will bring but that's my best guess for today.
Everything you need to know. I did extensive DD on it.
https://www.google.com/search?client=ms-android-tmus-us-revc&sxsrf=APwXEddChpOJqqmLrHEZkz74PUQhdW8Kkg:1687791677190&q=blackrock+aladdin+ai&tbm=vid&sa=X&ved=2ahUKEwi3t_76meH_AhWFpokEHaZcAYYQ0pQJegQICRAB&biw=384&bih=722&dpr=1.88#
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.blackrock.com/aladdin&ved=2ahUKEwi3t_76meH_AhWFpokEHaZcAYYQFnoECB4QAQ&usg=AOvVaw3NslHkk8Py6OryulIHBU-Y
It makes sense for how the market moved post information age and the dot com bubble. Heightened volatility, and State Street, Vanguard, and Black Rock thriving in all situations. Latest crashes weren't like historical crashes. They were managed more effectively. So when I watch signals, I think in terms of how an AI set to monitor risk would react to years of data vs the day to day. The 279 peak triggered a pullback, but again, retail pressure could trigger a separate algorithm. That and hitting a Bollinger band median for the past few months. The climate is done for a stark rally. Best educated guess I can ascertain. Took Friday to come to the conclusion and begrudgingly because I was dead wrong in my previous call for it to rebound.
If this doesn't hit 220 it'll be because Earnings Jul19 peaked enough interest to correct the algorithm.
279 followed by 264 followed by 264 followed by 261 in the past few days. Lower highs and lower lows. Gotta get closer to earnings to reverse the trend. Black Rock's Alladin AI is slaughtering us.
Like right now. I'm looking at a dead cat bounce.
For your sake I hope so too. Been in your shoes. Can't stress enough about why I do market orders. And to answer for Friday, no I did not profit. I salvaged calls but was too bullish and went against the normal strategy. Corrected it before close. Should see decent headwinds today that will correct that mistake.
Going to hit 220 before it hits 270 again. Too much is stacked against it now.
I haven't been posting every single move like I did back in jan-feb. I thought you understood the gist of my plays.
I'll laugh my rear off if institutions do what the government did after the Supreme Court hearing for investors vs Fannie Mae and Freddy Mac. High of $6.12 and watch it get forced into liquidation in rapid pace to just above $1. At 1 million share brick by 1 million share brick, scalping the entire ticker penny by penny. It was after that day that I knew we have zero control over what happens. I was in at 6.12 waiting for the hearing to end, watching in horror.
It's scummy. It's heartbreaking. But it's absolutely possible and with what they have control of in %of share float, together, they can induce a market wide crash at any time.
This. Market wide manipulation by State Street, Black Rock, Vanguard, and other institutions. Almost all dips and rises are institutions anymore. Very rarely is it fundamentals of a company. Load up all popular brands side by side for a week and you will spot it instantly.
We're just along for the ride. Financial articles just induce sentiment to more or less tax investors or justify big moves they make. They're too big to assume risk now and they scalp retail investors in likeness to a dividend payout.
They can't suck us dry without inducing volatility. These moves are calculated. Once you all understand this, apply geopolitical knowledge, and think a few moves ahead, you'll see we're in a pullback. Pay VERY close attention to Taiwan.
https://www.benzinga.com/news/large-cap/23/06/32992238/tesla-crashes-after-hitting-key-resistance-disappoints-breakout-hungry-bulls-will-the-ev-maker-fal?utm_campaign=partner_feed&utm_source=robinhood.com&utm_medium=partner_feed&utm_content=ticker_page
Then there's hit pieces like this that call 3% a "crash" and only 2.5% for the week. Uses 2021-2022 as signals yet fails to acknowledge that these were induced by geopolitical issues and not fundamentals belonging to the company. Market wide, the same poor journalism could be written for the majority of companies. I hate seeing hacks passing themselves off as professional...
Well it's available to order on their website... so there's that.
https://www.tesla.com/cybertruck
Time to restake with the consolidation out of the way. GLTA Monday.
One thing about Tesla it always does what you least expect. That I do know for certain. I'm inclined to believe 220 is possible now, but knowing it's history, the largely anticipated release of news could send it to 280 on Monday as well. Either way, it won't stay here for long.
I don't care who you are. That's funny right there. The king of social media trolls can only be out trolled by his mom. XD
That alone is priceless and wholesome.
This might be the surprise weekend headliner for a Monday jump. I'm call heavy. Looking good.
Haye days like this. Consolidation point: 253-264. Setting up to Harvest Jul-19th earnings. We need big news either direction to shake up volatility.
A 50/50 spread is one unit in my head. 1:1 call:put. When sell one, it's for profit. When sell the other half it's for salvage.
Opening a new spread with the profit holds no bearing to me on where the salvage point is at if that makes sense.
So in terms of one leg doing good or bad, consider how the entire spread faired.
How did your calls fair?
Sold the put leg and restaked 50/50 with the proceeds. Waiting for the next wild ride.
Considering that Twitter is not an Australian asset and he is not an Australian citizen... hot air. Their gimpy speech laws apply there. So legality sake: they can only block access to Twitter for their people.
Reaching that 'Do or Die' point and 264 is intersecting. If it doesn't close above it, tomorrow is already looking shaky. Premarket will set the new momentum.
New HoD. Broke through 264 resistance. If 264 holds as new support we'll close at 268
A lot of negative news while price climbs. They're loading up. This is too easy to see. It's comical.
I might jump the shark and enter again early. Buildup here is looking promising.
I'm going to do a 50/50 spread at end of day for next week. Theta will devour options until then.