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DWAC halt up $131.90 *motherofgod meme*

I'm taking a starter of UVXY up here. 1/8th position. (Lots of room to add higher) This was a rocket move up in the markets, definitely due for a pullback, if not a cooling. Being Friday today, I'd expect (hope) some profit taking will be happening.

DWAC warrants (DWACW) just hit $43. (Was 50c two days ago)

An original, courtesy of me.

So.. that DWAC spac hit $89 this morning premarket. Warrants hit $28.44 .. they were about 50c two days ago before all of this madness started. Incredible.

Yea, that DWAC we had a chuckle about last page trading at $17? It has hit a high of day $52! Insane. *Edit* DWAC warrants (DWAC.W) are up 2300% today.

ProShares Bitcoin Strategy ETF (BITO) just opened yesterday if you want to trade a straight Bitcoin ETF. https://www.ft.com/content/7bad0235-9fdd-4e0c-8d20-35a6c41696e0

Zillow announces they are stopping housing purchases, and now mortgage applications are down 6% over a week, citing rising interest rates. Hopefully we are finally cooling off. https://www.cnbc.com/2021/10/20/weekly-mortgage-demand-drops-over-6percent-after-interest-rates-move-even-higher.html

From British PM earlier today:

People are irrational, however. Especially when the media has a chance to pump some doom and gloom ratings views.

@Shonuff Just as an FYI, UK covid cases are nearly back to Delta wave peak. Government has opened up an inquiry into a "Delta+" mutation. I know you had reopening plays. I have been all out for a bit now. Just to keep anyone else aware trading these names. We knew winter would likely pick up...

https://variety.com/2021/film/news/disney-delays-doctor-strange-thor-black-panther-1235091673/ This is why DIS was hit today.

Foreclosures were up 24% in Sept month over month. Gee.. eviction moratoriums are a funny thing.

The trade plan was sound on Airlines. Living with my Brit wife in the UK, we knew exactly what the Delta wave looked like months earlier. It would hit hard and fast in the unvaccinated, then run out of steam a few months later. As soon as the doom and gloom hit the US market about Delta...

It makes paying debt easier! (for individuals and nations alike)

This "transitory" shit is getting on my last nerves. We can have 20% inflation quickly and temporarily, then drop back to 0% inflation and it seems the Fed would pat themselves on the back that it was "transitory". No dipshits, we are still 20% higher costs of everything! Fuck me sideways.

FB very close to the 200D SMA. Supposedly a second whistleblower has come forward. Not sure how I feel about taking a stab at this one.

So, what you're telling me is ... all time highs tomorrow!?

SPY / QQQ seem to want to re-test the 100D.

That was a 100k trade. So, $68k profit on 1mil in 30mins? How could this possibly go wrong?

Paper trading @Shonuff style is fun.

Cathy? ;)

Shitty employment numbers means the Fed can take their sweet time on taper / rates.

https://www.bloomberg.com/news/articles/2021-10-08/china-developers-sales-plunge-as-evergrande-contagion-emerges?sref=9HT8lz40

Get that, but this was a daytrade. I am out already. When 100D and 200D moving averages happen to align to the penny, that is some serious support to try a trade. It's all about probability / risk v reward. Easy decision to take on a big position with intent to cut it if we break ~5c below...

@Shonuff grabbed 2k shares of NCLH when it bounced nearly to the penny off of the $27.32 100D/200D support which are currently aligned. Daytrade.

Kick that debt ceiling can down the road & clear over that 436 daily SPY pivot I have been discussing and you see the strong upward overnight move we have today. My advice is don't chase. There's likely going to be some profit taking. Wait for some small pullbacks and grab the names you like...

Float is always key in this. Trading big large cap names during market hours, you're almost always going to get your correct stops. Small caps and low float names, you're into very risky territory relying on stops that can just get blown over in a volatile move. That's the small caps in a...

Depending on a stock's float / catalyst and velocity of the move, you can get blown right by on stops even during open market hours. There is always that risk, but especially true holding overnight positions on swing trades, as Stop limit orders do not typically execute during extended /...

Airlines have to be feeling the pinch with increased fuel prices.

This is why learning some basic Technical Analysis is key. Just as important for crypto as it is for stocks! I am 99% sure @Sanrith Descartes posts were nothing but pure technical analysis to crypto price action. There are plenty of resources out there on the net. Do yourself a favor and read...

Bit of a sell into the close. Kind of expected profit taking. Would have been nice to hold the 100D on the SPY and QQQ, but not quite yet. Setting up for an interesting rest of week. Per my charts, clearing ~436 SPY (and holding) would likely push this market higher. Conversely, we can still...

Average is not the same as median. You can have one hundred employees making 50k and one C suite making 5mil per year. The "average" salary of those 101 people is now ~$99k.

Doesn't affect my Cinnamon Toast Crunch, don't care. :cool:

MOC has been pretty meaningless the last couple weeks. We had a particular day last week with a 1.5B to the sell side and then had 30 minutes worth of green 5min SPY candles into the close. We did see a monster 6-7B sell side once last week (highest I have seen), but we didn't give too much...

Those Clay trader videos are cringey. Dude has no levels marked out. Entries aren’t against support or resistance levels. Dude literally says “looks weak, shorting”. He kept adding at really strange levels without any sort of confirmation. Could have easily blasted him out. Honestly looks very...

SPY held the 100D at the close. Constructive, but wish we saw that washout. Ah well.

Such an unexpectedly choppy day today. SPY sitting around 100D now. If this was our "dip", I didn't get to deploy nearly as much as I would have liked. However, it is still Friday and anything can happen. Congressional politics still at play today.

My JPM grab at 151 last week seems an absolute steal now. Likely holding that one for a while !