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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...

Bookmap showing that S&P500 support (SPY 450) I was mentioning. This is the bull / bear line in the sand for today. Essentially have double bottomed this today and earlier in the week. We could continue the bounce from here, or get some more covid news to spook a gap down Monday. Macro...

SPY just tapped earlier week low. Watch for the break below 450.

MTTR getting dumped. <$25

My VZ buy earlier this week to put some dividend exposure in my long term account (thanks @Sanrith Descartes) is up over 2%.

If the SPY gives up the ~450 level, this selling could accellerate. (previous panic low from earlier in the week)

MTTR had a nice buy level at $26. I was going to take it, but market is pretty damn weak. SPY / QQQ setting new lows right now.

Whole market selling. Of coure any puts print. :rolleyes:

DOCU tapping $140. Get paid.

Man, what a shitshow in China. I have a trader friend who lost 5 figures to DIDI at IPO. https://www.bloomberg.com/news/articles/2021-12-03/china-tech-rout-deepens-to-1-5-trillion-as-didi-emboldens-bears?sref=9HT8lz40

I know it was all fun and games, but JPM has downgraded DOCU to underweight with a $175pt, and UBS given it a $170pt.

DOCU just dipped <170. *edit* 165

#thoughtsandprayers

If DOCU doesnt reclaim 180, theres not much support below!

Recurring theme this earnings season. UPST was a double beat and revised Q4 guide higher and got absolutely crushed too.

Double beat and -20%

CNBC Halftime Chanos said their hedge fund is short WYNN at ~12:30ET. Maybe WSB to the rescue!?

Dip buyers getting gut punched this morning. Interesting dynamic playing out.

Dont forget we still have the president speaking today ready to add fuel to the covid panic. 1:40 PM ET President Biden Delivers Remarks on the COVID-19 Winter Plan

Their new chips in their MacBook Pros are unbelievable. They ditched Intel for their own silicon and the performance is staggering. On top of that, the power efficiency is mind blowing. That is a pretty big innovation, but we all know the phones and services are their bread and butter. They...

It doesnt help that the phone innovation has really kind of plateau'd a bit with the exception of slightly better cameras each iteration. Whereas the last 10+ years, every year the leap in phone tech was far more compelling. This is across the entire market. I still have my iPhone XS Max (2018...

:cool:

Someone check @Shonuff hasnt thrown himself out a building with his "all-in" travel stocks.

Confirmed super-covid in the US. (No shit, its on every other continent) Markets are whipsawing in panic. Do we buy the dip or do we run out of dip buyers and really get a pullback...

Travel all legging down with some travel restrictions to go into place tomorrow. https://www.bloomberg.com/news/articles/2021-12-01/white-house-plans-to-tighten-travel-rules-over-omnicron-threat?srnd=premium&sref=9HT8lz40

Reading your tea leaves wrong there in the chart. SPY literally tapped the 20D EMA to the penny. It will take a bit to break through it. (If at all today) That said, I am sure JPow will say something stupid to spook everyone again.

I took some shares of VZ near close at 50.17 just to add some boomer stock exposure.

^ Came here to post that ^ 8.5B currently.

@Shonuff you still alive in this travel sector carnage?

Of the ~25 names on my watch list, the only two green are UVXY and AAPL. lol

I like having liquidity to play around with. I used about 25% intraday in trading around SQQQ alone.

~75% cash Put about 10% to work today with the selling. Hopefully just the start of an actual taper tantrum correction and I will put far more to use.

SE is their small form factor phone. Overdue for a replacement. You are thinking S iterations of their normal lineup.

That is a nationwide FINRA rule for Pattern Day Trader. Same rule applies across all brokerages (US based). https://www.investopedia.com/terms/p/patterndaytrader.asp

You can take a Good Faith Violation 3x a year with only a "dont do it again" warning. Double check with your broker, but pretty sure it's 3x.

-7% today? Hit pretty hard on the drug failure and a bunch of downgrades today.

CTO named as CEO for TWTR.

DIS just hit a 52wk low.

It is in a news halt, not a volatility halt. Likely to announce Dorsey's successor.