All my posts are IMHO only. Make your own investment decisions.
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.
After Amazon earnings I figured we would have been testing the 14s today.. Monday’s can be aggressive but I’m still hoping to see the 12s at least before earnings
Amazon rockets
Of course it uses where I sold last as support
20 day or 21 that’s all the same basically.
Looking at the trend line I drew.. I would say to stay in an uptrend in this channel it could hit as low at 11.80 over the next couple of trading days…
That’s my basic assessment.
13.20 area needs to hold… if it breaks that then around 13.00 is the 21 moving average on the daily.. then for it to flip the SARS into a “sell trigger” that currently sits at 12.31 on the daily and rising everyday.
It’s currently trading below the 21, the 200 and the VWAP on the 1 min… VWAP being the highest at 13.62… would need to break that to reverse into an uptrend
Put the 21 EMA on your chart on the 1 min if you don’t have it… it can’t go up until it beats that. Will use it as resistance and when I say beat it.. I mean beat it by like 10 cents and then hold it kinda thing.
What do you do for earnings? Do you close out positions and wait or will you take a position?
You have balls of steel sir. Good job. At least we aren’t crazy…
Yeah I looked back after.. was just being lazy. Couldn’t remember if you covered completely.
Looks like the institutions were like “Nope… this ain’t going up today” haha
I need her to bleed quite a bit still
I lost track of your position.. you exited your short right?
I feel like right now the institutions keep shorting cause they know we going down ultimately still.. and then they cover once in a while just to shoot it up a bit so they can re-bolster their short position. They are controlling it right now
That’s kind of what I thought might happen… just mass confusion.
I agree. I don’t see how this continues up right now.. but won’t be shocked at all if it does. I just think it should go down based off the news.
On another hand though we have to remember how beat up the market is especially on these non profitable growth stocks. Like we at 13.50 and everyone still wants to short it… short it down to what?
Zero?
Lol
Lots of money to be made but at some point that logic isn’t going to make sense anymore.. and I’m not talking about what you are doing.. I’m talking about the huge short positions from the bigger institutions and stuff. Shorting with a target of 0.50-1.00 that’s normal right that’s just trading.
Eventually the market is just going to take off for a nice leg and leave a pile of dust behind it.
I’m kind of choked if it’s going to take off from here… wish I had more shares.
I’m reading the news right now.. they are calling it a “technical recession” dragging this out? So now we have to wait for a third GDP to be down in a row?
I was hoping for some clarity so we could position ourselves. But they will leave this dark cloud above us of uncertainty and keep us in the dark like mushrooms.
Maybe it’s a good day to throw CNN on and see what they are yammering about.. are they swallowing the pill or are they fighting the narrative?
Slot machine
I’ll be laughing though when this is at 25$ it will be the non stop shorting olympics with zero fear. Zero! It will be like having a non stop paying a lot machine lol
The only way I will get really effed and I expect it to happen one day.. is to be fully IN.. and my only option is “shorting” but even then I’m not “effed” I’ll just be doing what your doing essentially. It will just bring a lot more skill into it as I will have to play with caution as you do. And take my losses.
It’s easier to make the “right” calls the way I’m playing because I’m cool with it going down and going up.. I’m not sure if what I’m doing is brilliant yet. But it’s gonna allow me to have a piece of the market from close to bottom all the way up to the top. That’s all I know.. while pulling an income at the same time. I can’t think of a better way - as I don’t believe I have the skill to just jump in and out of the market with “stops”
Lol true just add the 20 cents… so simple right.
And PS: I’m still the KING of selling too early lol
I feel like GDP will be a miss (bad news) in the AM. Why else did they start trying to spin and change the definition of when we are in a recession.
So expect us to rocket North right. Because it’s too obvious we are supposed to crash.
META appears to have missed by price action
GDP premarket tomorrow the final obstacle here before we can know for sure where we heading
I’m ready for the tank a thon let’s goooo!
GDP being announced in the AM premarket tomorrow morning
To me it’s a coin flip. I remember when it was basically Powell speaks = market crash. The past couple times the day of the announcement not much has happened but the true effect was the day after. If I remember correctly. This one though is gonna be combo with the GDP and since they are trying to change the definition of a recession right now - makes ya think the GDP is another miss right?
So.. in the past 10 times GDP missed twice in a row.. they have announced a recession along with it.
So now this time it’s not a recession?
2:30 Eastern Powell Speaks with Fed Meeting Results.
Sold some here at 13.22 just lightening up the suit case - the shares I bought yesterday
Now it’s rocketing GOOG and MSFT
Nothing spectacular on earnings although both GOOG and MSFT are currently green.
Have a good night and we will see how she plays out in the AM
Hmmmm…. I’ll make sure to carry a light suitcase.
I hope you are wrong.
But with the short term thinking my trades are short term so short term thinking is what I need at the moment. I care about today and tommorow and maybe up to next Friday with this ticker right now for example. Up to earnings basically.
So the GDP reports on the 28th.. if we take a miss on that… doesn’t that meet the definition of a recession? Meaning the headlines that morning will be:
“America is officially in a Recession”
Here’s another factor
That GDP on the 28th? I think it is..
If we take a miss on that.. doesn’t that mean we meet the definition of a recession?
Can you picture the headlines.. if they announce we are in a recession?
Gonna be a crazy week
The ones I bought today by the way.. high chance I flip them if the opportunity arises aka: GOOG and MSFT hit it out the ballpark here tonight
I’ll flip em before the fed meeting
1 hour and 40 minutes or so until we find out..
Earnings miss on MSFT and GOOG would prob break her
I grabbed a piece of her today (bought) but anticipating loading up the majority lower. Just remember I unloaded in the 14s so grabbing mid 12s is great math for the style I’m playing. Doing this slowly as we have MSFT and GOOG earnings tonight. Then we have fed meeting results tomorrow. Also did some research and we have GDP reporting on the 28th. This week is not for the weak or faint of heart lol. I predict a possible Yo-Yo on the daily (up and down random) up to Friday. But if we are lucky:
All will be bad news to start
GOOG miss
MSFT miss
That should allow us to position ourselves nicely here
Then it’s wait and see on the fed meeting results afternoon tomorrow.. then I find it’s really the next day in which the market truly reacts to the fed meeting after it swallows all the info.
Get your popcorn