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https://www.wsj.com/articles/hot-u-s-housing-market-cooled-some-in-august-11632319895?mod=hp_lead_pos3

FB selling off. Can't find news.

Wise words.

Don't get me wrong. I am not selling. Just disappointed it gave up this pivot around $80. I only have about 250 shares from $83. Plan is to add another 500 if we get to $70'ish. My time horizon is retirement, as this trade is in my 401k.

WYNN looking ugly from a technical perspective.

LCID started the move with their big # EPA rated mileage rating on a full charge. More than TSLA apparently. *edit: By no means does this justify the current valuation in my humble opinion.

There was a ~$170 pivot that provided an ideal entry and support on the news flash down.

Cramer action alerts buying DIS.

Keep an eye on weed stocks. BREAKING: House Rules Committee just cleared an NDAA amendment on marijuana banking for a floor vote - expected later this week.

DIS taking a beating. Lower Dis+ subs for the quarter and production delays.

ROTH accounts are investments where the contribution is already taxed, then in retirement, you can make withdrawals tax-free. You can buy / sell stocks all day long in that account without any tax implications. You'd only be liable on taxes if you withdraw any funds before retirement age. (Some...

nvm.. ROTH is already taxed money. I am confused..

MTTR up 10% today. Solid.

Not the best action. Would have ideally seen a bigger pull-in at the open with sellers profit taking from yesterday's buys, then a bounce higher. We're just chopping. All of my buys are in the green from yesterday though, which is nice. Quite a few at 3-5% gains.

If you wanted to hedge a gap down, should be long UVXY into the closing highs here. Or long SH. (Leveraged shorts)

NUE calls up 17% already.

100%. We need panic sell into the close. Gap down tomorrow, then real panic capitulation into complete emotional oversold market. Once we bounce, you buy-in strong. As Blazin said, a bounce here would likely just result in chop tomorrow.

SPY 425 being the next big pivot below current level. SPY July low 422.97

I took the OCT monthly 100C. Got a $3 fill.

So, for example. You've bought 50 shares of SPY today at the 100D. A solid support that has a real honest chance to bounce from. However, if we get the actual 10% correction, I have cash on hand for another 100 share add. If we get some panic meltdown to 20%, I still have another 200 shares cash...

Picking an arbitrary day to buy in is nonsense. We could bounce hard overnight and you've missed great prices. The key is buy starter positions at key levels of support, leaving critical cash on hand in case we move lower. Like today I buy 50 shares XYZ stock at the 100D, but knowing key levels...

Jim Chanos on CNBC right now poopooing all over WYNN with $40 pt.

SPY initial bounce off (near) 100 day support.

Politics aside, a flight ban for the unvaccinated could have positive consequence in making others feel more comfortable to fly. The unvaxed are the minority, but does make many people uncomfortable. Some cruise lines (Norwegian) have been asking to make cruise travel vaccine required. FL...

SPY chart I am looking at now. Next week is going to be very important. Either buyers are coming in to pick us up, or we can really open up to some continued downside. Notice today's sell volume was the highest we have seen since July 19th. Also to note, this is the furthest we have broken down...

(Posted from Wednesday) Color me shocked with today's market action.

Completely depends on your broker. Easy to borrow on Lightspeed. HTB on ToS.

Conversely, if we start a downward trend, those mega cap sells will also swing the indexes. Under the surface it seems a lot of bigger names have kept things afloat. Under the surface, we have had a lot of corrections in individual names with lesser weighting. I don't want to have too many chips...

Yep, I've seen the same monthly options expiry weakness. This time feels different with the market action of the last week. I feel lunch chop coming on. Perhaps more direction (or continued indecision) into power hour today. Tomorrow will be the real test going into the weekend. .. Also hard...

This is exactly what I am sitting and watching.

Here is what I am seeing on the SPY. Bounce that was near yesterday's low and a pivot, but overall an inside day (today's daily candle was entirely within yesterday's). Also of note, the volume (bottom of chart) was lower on today's green bounce day than the previous 3 red days. Not exactly...

From Feb 26th Wish I held this from $9.xx longer term! hah

Fucking SPY. Just get this correction over with already. Of note, today's green SPY volume is likely lower than the previous 3 red days. Light vol buying can easily reverse. Should be a fun Friday.

Each prior month selling (usually options expiry week) has been a quicker and more emotional move, followed by dip buyers coming in and taking us back to the highs of the ascending trend range. Rinse and repeat each month. The concern I have here is that the last week's selling has been a more...

CPI data in better than expected. SPY goes boom.

#1 Covid outbreak in the province where Macau is located / locked down. #2 Macau gaming / casino licenses.

@Shonuff WYNN down 4% premarket on news.

Morgan Stanley gave Lucid (LCID) an underweight rating and $12 price target. Currently down 5% premarket at $19. https://wccftech.com/tesla-permabull-adam-jonas-pukes-on-lucid-group-lcid-prospects-with-a-12-price-target/ Morgan Stanley initiated coverage of Lucid Group with an Underweight...

Also depends how close to the coast you are in FL. Visited a good friend of mine a couple weeks back who lives a couple blocks from the ocean on Indian Harbor (Melbourne, FL). I was curious and asked about home insurance and he said flat out the only insurance is from the state. No companies...