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WYNN holding up quite well on a red market day. DAL holding the 100D MA. The only (relative) strength I have observed today is travel. One exception being F, that has been on a tear for a week now and holding 1.5% in the green today.

This is again (as I pointed out 2 weeks back) a slow bleed. The fact we aren't having big reactionary price movements, but slow controlled selling, makes me think further downside is on the cards. What we want is to wake up to a gap down, massive emotional selling to take place and put in a...

QQQ (Nasdaq) at lowest levels since July. This major pivot of ~360 on the QQQ is providing support (for now).

This is not a trade I would be willing to take at this point. We can honestly turn either direction sitting here mid range of 20th's dip and 23rd high. Too many external market factors happening right now to guess where we go. I know you are an active day trader too, but taking overnight swings...

I am not disagreeing, but a ton of market participants got eaten alive by shorting the same narrative 4x current price levels ago. Just be careful making contrarian bets when a name has a huge cult following and dips are bought relentlessly. The further we move back to all time highs, the more...

Don't micromanage / over-focus your trades. Everything is "clear to see" in hindsight. Stick to your optimal setups. Shorting some of the strongest names in the market can really bite your ass, especially holding this stuff overnight. TSLA is only down because the whole market is shifting to...

Premarkets looking very red. Have to be extra careful in this type of environment, as we essentially just put in a lower high on the daily chart. If we start stepping down like this, it could be the start of the much anticipated correction. Lots of external factors baked into this one. (Supply...

Go buy some land... not the digital kind.

I called for this move last week, IF, we broke this summer long bad news price range. Both charts were very similar with big pivots. The catalyst was covid cases coming down, US reopening UK travel, market inflows overall to the beaten up sector. Then clearing 100/200D moving averages was the...

F has been an absolute monster the last days too. Now clear all moving averages.

DAL and NCLH still monstering ahead after clearing all resistances and covid cases continuing to fall.

I see pivots at ~$74.50 and much bigger one around $70.

WYNN rejecting the $86 gap pivot today. Making an inverted hammer candle on the daily isn't fun. "Pay"tience pays.

Another 1.2mil share block trade just went through at $27.97

1.02mil share block trade on NCLH at $28.04

This just hit Time & Sales. Fuck me, that is beyond bearish!? BUY +12,000 SPY 100 17 DEC 21 265 PUT @.36 LMT

For me, personally, I think this is a longer play. DAL pulled into the 100D on open, held and ran. NCLH is clear of both 100 & 200D. If the broader market pulled back in, I suspect these would still hold the earlier mentioned pivots. I would look to be adding on those. The covid cases should...

Like I am fucking Nostradamus or something. Short of external macro market issues, these should just be getting started.

Have fun with this catalyst. https://www.cnbc.com/2021/09/24/china-central-bank-vows-harsh-crackdown-on-cryptocurrency-industry.html

Even if Evergrande wasn't blowing up, I would expect a bit of a weak Friday. Some profit taking going into a weekend from the big run we have had the last 2 days. I booked a ton of profit yesterday on my swing bargains from the Monday / Tuesday dip buys. I am back to about 75% cash, ready to...

Ouch.. China Evergrande Loses Support of Hong Kong Tycoon Amid Debt Crisis Billionaire Joseph Lau’s company says it plans to sell all its shares in the real-estate developer A major shareholder in China Evergrande Group EGRNF -12.13% plans to sell all of its stock in the ailing Chinese...

These two really found their footing. NCLH in particular has cleared a longstanding ~26.4 pivot, 100D, and 200D resistances. Short of some new covid dramas / politics / macro market events, this should be back over $30 soon.

WYNN finally behaving. Let's go !

Keep in mind, we get more JPow speak tomorrow to look forward to. https://www.federalreserve.gov/conferences/fed-listens-perspectives-on-the-pandemic-recovery.htm The Federal Reserve Board will host a virtual Fed Listens event on September 24 at 10:00 a.m. EDT, convening representatives from a...

Aaaand.. i just realized today is Thurs, not Weds. hah

yea, I linked that WSJ article this morning. Repost: https://www.wsj.com/articles/china-makes-preparations-for-evergrandes-demise-11632391852?mod=hp_lead_pos1

Thought the bond payments were due Thursday? (re Evergrande)

Hopefully WYNN found its bottom on that $80 pivot.

Massive payday here today. @Shonuff this is what I was talking about buying support levels, and leave some cash buying power in case of lower support level moves (pyramid sizing). Picking that Cramer arbitrary buy-in day of Wednesday? Yea.. how did that advice help at all? SPY right into the...

DAL and NCLH both held their breakout pivots.

This device isn't communicating with anything. There's no transmit or receive function whatsoever. (RF or hardwire)

2FA doesn't have to include your phone whatsoever. You can 2FA with a physical RSA authenticator.

Well, that can didn’t get kicked very far! https://www.wsj.com/articles/china-makes-preparations-for-evergrandes-demise-11632391852?st=w5p4f0og762ey6v&reflink=article_copyURL_share

Sorry, I have to disagree on this. The US is up there with the most archaic CC transactional systems on the planet. UK / Europe implemented chip & pin cards fucking decades ago. No shit, literally in 2003. You know why? Because some minimum wage dipshit processing your card transaction in-person...

That tweet literally made me laugh out loud.

Not a bad plan. NCLH chart has been similar to DAL. Trade the range. Buy into support on weakness, sell in strength into overhead resistance. If we get the big break above, you can always buy in (flush with profits from earlier range trades) for the bigger move.

So basically the same bs that happens every time.

I am hoping the market panics so I can load up more quality names. Emotional / quickly oversold names provide the best opportunity for solid entries. My gut says that anything taper related has been priced in. They've been very openly stating their intent. They've also said rates increases...

I am not advocating buying here hoping for a breakout, you've a far higher risk of a loss buying into double resistance. I actually sold 1/3 of my DAL position into this level, expecting it to drift back lower and refill my position. (This is called trading a range). If / when we clear and...

We aren't quite there yet, but DAL just tapped nearly to the penny a convergence of decending macro trend line resistance and the long established ~41.72 pivot. This will take some news catalyst and volume to break out, but keep this name on watch. A clear break and hold of this level will...