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Strangely, travel names I watch (DAL / NCLH) held basically flat the last few hours while markets sold. Between CPI numbers and the closing selling. Think we get a gap down tomorrow. Being Friday, could be fun !

https://www.bloomberg.com/news/articles/2021-12-09/inflation-near-40-year-high-shocks-americans-spooks-washington?srnd=premium&sref=9HT8lz40 That is pretty damn hot if true.

Sorry I wasnt here today. Been busy with baby. I eye'd MTTR for that $25 support entry at the open, but through the day it really only had a fraction of the bid support as the last few days. 17k shares bid vs the 50-60k shares the last few days. Wasn't a risk / reward entry for me. Hope no one...

DOCU coming back from the dead.

https://www.bloombergquint.com/business/mercedes-beats-tesla-to-hands-free-driving-on-german-autobahn

wrong thread

This is a fun game. Now go Zillow some Oahu properties. Same shit with shacks on a fraction of the size of those CA lots for 1m+. Being an island with limited land, I get it.. but god damn. I turned down a 6 figure job there last year because the cost of living was simply astronomical. Once you...

Honestly surprised how well GME held up. Sales beat $1.3B vs $1.19B est. But EPS was awful. -$1.39 vs -$0.22 est.

GME earnings are on deck. Popcorn time.

Up just over 6% from my 144.51 average.

This Bookmap software has been a real eye opener since I have been using it the last couple weeks. It is a fantastic way to verify your trend lines and pivots. If you have drawn in some strong pivots in your charts and there is basically no liquidity sitting on these price points, you better go...

Indeed. The $25 liquidity has been huge support. There have been relatively safe trades to be made off of this level. Here is the level2 bookmap look at the orders stacked there. (notice about 40k shares worth of bids between the $25 and $25.05 spot)

Keep some trailing stops on those travel plays. https://www.bloomberg.com/news/articles/2021-12-08/u-k-travel-and-leisure-stocks-fall-on-ft-report-of-restrictions-kwxeyex1?sref=9HT8lz40

MOC goes to 3.2B sale side, SPY dumps to 466.25 and proceeds to reverse and rip back over vwap. Some fun volatile times we are trading in.

MRNA running up and DAL / NCLH selling the last 30mins. Some covid news hit or what?

Ironically was watching DOCU chart. That sell volume is ramping here the last 20 mins. 11 consecutive red 5min candles.

Looks identical to SPY. Massive leg up and hours long consolidation. In the recent market volatility, the rips have quickly been sold. The fact we gapped up and have basically been holding without a sell is the first strength we have seen in a while.

MRK selling $8B in bonds to purchase Acceleron

My exact throughts. Apple warned both of chip supply issues as well as decreased iPhone 13 demand. It has shown nothing but strength since. Clown world.

MRK missing the memo about gap up day. (News about pausing a p2/p3 trial drug, as well as a Guggenheim downgrade)

MTTR just bounced off the 50D SMA

I had some NCLH Mar'22 $20C options at 2.35 .. spooked myself out of them for small profit. Wah wah.

Bookmap showing a ton of liquidity sitting on $280.

Travel in general catching a bid today. DAL up 6%+ / NCLH up 7%+

MTTR filled $23.01

FTFY

Which I also pointed out to Shonuff nearly a month ago. My bailing on travel plays in early Nov wasnt based on Omicron hard facts. It was knowing full well how the media and emotional investors would react to it. Here we are nearly 20%+ wiped off of some of those names since.

Twitter flirted with an all time low of ~$14 for nearly 2 years back in 2016/17. This price action is nothing now.

Fairly sure I explained this before. The biggest risk of Omicron is that the infectivity, however benign, will likely hit more than any other peak. There is always risk of further mutations / variants with any infection, but when the whole planet is spiking cases at once the mutations will...

I don't take this as any covid positive news. Just acceptance that they are trying to close the barn door after the horse had already bolted. They know it is already in community-wide transmission in Europe. The travel restrictions are pointless now.

All of the fun catalysts today. https://www.cnbc.com/2021/12/06/china-evergrande-shares-plunge-as-it-teeters-on-brink-of-default-.html

Just hit the wire. Tesla also being investigated by the SEC over claims about their solar panels. https://www.reuters.com/markets/commodities/exclusive-sec-probes-tesla-over-whistleblower-claims-solar-panel-defects-2021-12-06/

https://www.wsj.com/articles/lucid-gets-subpoenaed-by-sec-related-to-spac-deal-shares-fall-11638796852

TSLA <$1k premarket. MTTR down another 5% premarket. LCID down 15% pre. Overall, seeing a continued selling of the high growth, ultra high PE stocks. Boomer stocks continuing relative strength.

I get countless lawsuit notification emails / mail from stocks I trade over the course of a year. As Big P said, there are firms that solely just look to file class action suits and hope to bank on it. Ambulance chasers indeed.

Digging through stats, the covid numbers arent great. UK is almost back to Delta wave peak numbers already. South Africa quadrupled Omicron cases in 4 days, which is quite a feat. SA also reporting an influx in hospitals and particularly 10% of those are toddlers (no vax). If media starts...

Now the long weekend wait to see how much covid drama can get drummed up in the media.

The difference now is the 450 liquidity pool has vanished. There's nothing there to support it now. This isn't any crystal ball what's going to happen. Just showing some technical levels and the mechanics behind it. We could rip again into the close, only to dump again next week. The overall...

Broke that 450 level.

3rd time today testing the 450 level. Close will be fun. 100 Day SMA on SPY is 448.03, which would be the next support if we break. But hitting a panic low early in the week of 450, to bounce moderately strong, then sell it all off and break lower would probably panic the markets. Not to...