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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 !

Scaling out of positions is equally important as scaling in. Too much positive covid news the last few weeks to take everything off the table.

https://www.bleepingcomputer.com/news/security/hackers-rob-thousands-of-coinbase-customers-using-mfa-flaw/

SPY below the pivot low of last week. Nothing between here and ~425.

SPY really testing this 428.86 level, which is very important (low of last week). Waiting on bated breath.

Personal income /consumption news not the best. Earn a nickle, spend a dime result.

Seeing it base out over a longer period of time is good. Daily chart holding here is great sign, especially as it holds when the rest of the market is selling. The technical breakout we need is for it to clear (and hold over the $86 upper gap level)

I am 100% with you on this. There is so much cash sitting on the sidelines, I would be shocked if we got a 10% correction. People are just waiting to throw their money at the markets. I am just hoping for a gap down day with a big irrational sell at the open and we establish a bottom to go in...

WYNN seemed completely immune to the market weakness today.

Pretty ugly close. At one point we had 5-6Bil to the sale side MOC (market on close). Pretty considerable size! We closed at 429.07 on SPY, where 428.86 was the lowest intraday level last week. Decent chance of a gap down tomorrow. If we give up that 428.86, I think we really trigger some...

There is a definite change what is happening the last couple weeks. The dips buyers are coming in, but not in any strength and the small intraday pops are being sold off. From a technical perspective, on the S&P 500 (SPY) we have only closed below the 50 day moving average 3 times going back as...

https://www.businessinsider.com/palantir-may-lose-lucrative-ice-contract-falcon-raven-2021-9?r=US&IR=T

SPY

Word on the street is they lost a lucative contract.

SPY just broke the 100D.

Fidelity Active Trader Pro working just fine here.

433.63 was the lowest close last week and we weren't too far off from that last night. 433.24 is the 100D daily moving average which is big support. So yes, these two levels will be our support today (more so the 100D). Hopefully we bounce and move higher, or, failing that, 428.86 was the...

Absolutely, gotta buy dips.. until it doesn't work anymore. Given up nearly 10 points on the S&P since @Sanrith Descartes 's post. Going to be an interesting open.

And for perspective, we closed today only 4.5% down from the highs earlier this month. Despite how down this market "feels" over the last few weeks, we have only really retraced back to July price levels. Under the hood, there is a lot more going on as a bunch of individual index names are...

Here is a visual representation of what I am looking at for the SPY daily chart. The orange line is the 100 day simple moving average. We tested and held this level multiple times today. Another break of this and the low of last week's 428.86 would likely fuel a bigger move to the downside. But...

This slow bleeding typically just means more downside. That said, even with this close way down here, we could pivot higher and this would essentially just be a higher low on the daily action. The real move we want is a break below last weeks lows, some panic to set in, which would trigger quick...

SPY bounced multiple times off of the 100D moving average today. However, we closed virtually at the lowest close of last week. Tomorrow things can get interesting! Still, I happily added some stronger names at the 100D. Lots of room to add below if we fall apart. I am probably sitting around...

3 Bil to the sell side MOC. SPY lowest close last week was 433.63, we could be headed for a lower close. This should set up a gap down tomorrow as quite likely.

FTEC is actually positioned on a pivot here (27Jul, 19Aug, 20Sep lows). Doesn't hurt to put an order in, but leave plenty of room to add below. Buying support levels is good. Buying just because things are down, not so much. Have a plan if it goes either way.

To be fair, he said everything rally into end of the year. Not "everything rally immediately". Sort of comparable to climate vs weather. Can be a desert climate and still get rain on the odd day. Not saying he is correct in his projections, but calling him completely wrong because of a week or...