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The Elusive BOTTOM - bulls floundering as QT begins


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#221 12SPX

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Posted 10 June 2022 - 08:38 AM

Yup good time to sell puts and for a trade since I took profits in most of my June puts a couple weeks ago already with one week to go I'm selling the June 3800 put for $18 here.....



#222 K Wave

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Posted 10 June 2022 - 08:46 AM

I don't think you guys have any idea just how bad June could get if they do not reverse this morning drop today....

 

No way I would touch this thing long until SOX can get a foothold over 3K

 

Crash window moves in AAPL MSFT TSLA etc may be just about to have the final run to the targets....and they are still a lot lower....

 

IF they get hit, THEN maybe we get a big rally, not the incredibly weak stuff we have seen thus far...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#223 K Wave

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Posted 10 June 2022 - 08:48 AM

And BRK breaks the Big Kahuna 300, after the incredibly weak effort at 310...

 

Please tell me again, just which stocks are going to lead this huge rally....

 

XOM? rolleyes.gif


Edited by K Wave, 10 June 2022 - 08:49 AM.

The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#224 K Wave

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Posted 10 June 2022 - 08:50 AM

AZO may be rolling over from the right shoulder....

 

Collapse on this one is going to be epic....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#225 dTraderB

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Posted 10 June 2022 - 08:51 AM

SPX -77 is about breakeven for the day, want to raise to to at least -50 by end of today 

 

of course, if market rallies and close higher than 3940 then my net account will be green today



#226 K Wave

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Posted 10 June 2022 - 08:55 AM

AMZN split buyers now down a quick 15%

 

What a setup that was....total twitter frenzy


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#227 12SPX

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Posted 10 June 2022 - 08:59 AM

I just can't help myself as were down here so much, average long 4013, maybe going into the weekend I'll be at 4000 lol!! 



#228 redfoliage2

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Posted 10 June 2022 - 09:00 AM

The fact - Core CPI MOM unchanged, Core CPI YOY actually dropped from 6.2% to 6.0%.   So the CPI data won't influence the Fed's decision.  The market just got an over action  .......................


Edited by redfoliage2, 10 June 2022 - 09:05 AM.


#229 K Wave

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Posted 10 June 2022 - 09:01 AM

Apple gettin' pounded after failure at the old floor


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#230 K Wave

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Posted 10 June 2022 - 09:02 AM

I just can't help myself as were down here so much, average long 4013, maybe going into the weekend I'll be at 4000 lol!! 

Here's to hoping we don't go full gamma squeeze down coming into the massive expiry next week...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy