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The theory is that Russian money is flowing in, as their currency plummets and they are being shut out of traditional money markets.

If you think the world markets with Russia are returning anytime soon, I have a bridge to sell you.

I've had my eye on JPM today too. The $140 pivot looked nice, but we opened and immediately didn't hold that level. Market as a whole feels kind of heavy today, so I am hoping we get a market move lower before I add. It is tough buying into strength in this market. SPY has had quite the move up...

Of course they are all inherently self-fullfiling. You can make any indicator on your chart you want. I can draw out 55 day, 136 day, and 212 day moving averages. The question is, who else is looking at those? Human nature likely went round numbers. Humans then programmed parameters into algos...

https://www.investopedia.com/terms/d/deathcross.asp#:~:text=The%20death%20cross%20is%20a,and%20200%2Dday%20moving%20averages.

You've got like 50 million indicators on your chart. I 've no idea what you've circled there.

FWIW, the QQQ 50D has crossed below the 200D now. (Death Cross)

Overall, we have had 2 huge days up Thu/Fri last week. We can consolidate here or even back test the SPY 428/425 levels and still be fairly strong. I honestly don't think we are in any kind of bear danger unless we crack and break back below 420-425'is range. We can consolidate and chop around...

Well, maybe the open was a tad optimistic. However, Nasdaq now green and S&P isnt far off either.

So.. green by the open?

MOC sale reduced to $500m

I will take the complete lack of profit taking into the close as a fairly bullish sign. I am holding fast through the weekend.

1B moc sale early look. Not much in the scheme of things.

You and me both brother. In my big account, I am right around flat on the year now and really struggling to decide to take the last 2 days profit here (removing ~50% cash buying power exposure too). We have moved a lot in the last 2 days, I'd think we are due for a pullback. Plus we are going...

Fed Bullard is one of the most hawkish, and also that isnt new news. He called for 100bp by July weeks ago. I still think the Fed uses the Ukraine uncertainty as an excuse to go dovish and hike 25bp next month. This would likely elicit a relatively bullish sentiment in the markets. They've...

I've said here many times. No shame in using paper trades to figure some strategy out if you are going to actively trade. This profession has quite possibly the steepest learning curves and the risk is taking yourself out of the game entirely. Think or Swim (and others) have a fantastic platform...

When I am playing with these, I typically just short TQQQ vs using SQQQ. Easier to just keep 1 ticker up and base entries on the QQQ pivots / MAs.

Insert comment #1286244 about whole dollar limits. Hah

Can I suggest: https://donate3.cancer.org

https://www.investopedia.com/articles/stocks/09/use-stop-loss.asp Save yourself!

That must be a crypto loss?

Another great Rothschild quote: Buy when the cannons are firing, and sell when the trumpets are blowing. — Nathan Meyer Rothschild

AMD $8B share repurchase. :oops:

You and me both.

Talking heads on Bloomberg confirming what I was talking about earlier. Many are now writing off the chance of a 50bp price hike by the Fed next month. If that is confirmed, we are back off to the races. (Russia escallation aside)

I am honestly surprised we haven't had more profit taking this close to the close. However, I think we are in FOMO mode where people are piling in thinking they missed the bottom. Basicaly the opposite of the buy low / sell high mantra.

As always, markets hate uncertainty. Russia threat or Fed the same. Will they / wont they? The uncertainty is the weakness. Now the market can process and move forward. Fed moving rates by 25bp next month would likely be considered dovish at this point and then that puts that uncertainty to rest...

TSLA SEC investigation.

As expected, harsh words and sanctions only. All comes down to Russia's reaction to the sanctions at this point, but this is basically a nothingburger speech.

Someone wake grandpa up and tell him to get on the TV already.

Was eyeing JPM earlier. Relative weakness to the rest of the market bounce.

Biden speech pushed back 1 hour. 1:30PM EST

Crossed below. Keeping an eye if it dips below the 200D over the coming month(s) is important. See: https://www.investopedia.com/terms/d/deathcross.asp

12:30 EST I honestly think it is a non-event. He will likely condemn and talk sanctions, but short of boots on the ground, nothing should be a surprise. There's about 0.01% chance any US or NATO country is going to involve any troops while this is contained within Ukraine.

QQQ on its 4th 5min attempt to break the low pivot of yesterday. (329.10)

SPY 50D has crossed over the 100D, for what it's worth.

1.35mil share block trade on PSTH at 19.80 Obligatory "someone knows something..."

Real of course! My paper trades I have always noted and they are usually outsized orders for funzies with 5 figure wins / losses.

Trade of the day so far: