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FEAR of CONTAGION: Banking & Crypto possible intervention


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#211 K Wave

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Posted 16 March 2023 - 10:05 AM

BRK another in similar situation to WMT...

 

As long as Apple above 153...Shake N Bake here possible....but if Apple comes back under 153 now, then could be VERY different story

 


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

 

 


#212 K Wave

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Posted 16 March 2023 - 10:17 AM

If bulls ARE going to hold the line.....and as long as Apple is above 153, that is the thesis....then NDX is clearly the place to play, as it has the strongest relative strength here by far.

 

Only a breach of that 200 MA now would destroy this chart, which of course would require Apple not to hold 153...

 

 

 

 

 


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

 

 


#213 K Wave

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Posted 16 March 2023 - 10:27 AM

Google and Amazon blasting out over key resistance today.

 

Apple so far not really in liftoff mode. But as long as above 153, bulls get full benefit of doubt that thrusters may kick in later.


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

 

 


#214 K Wave

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Posted 16 March 2023 - 10:39 AM

Dow has to get back above 32600 for the Shake N Bake

 

As long as Apple above 153, certainly not ruling that out.


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

 

 


#215 redfoliage2

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Posted 16 March 2023 - 10:47 AM

Let's see if this bounce can last for a day in this news driven market..................................



#216 dTraderB

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Posted 16 March 2023 - 11:04 AM

Now NET slightly LONG
Holding TLT CALLS, UVXY PUTS, 3 SPY & 5 QQQ CALLS,
GOOGL CALLS, CITI & BAC CALLS
1 ES HEDGE SHORT

WILL ADD BELOW ES 3885

WILL CLOSE ALL except TLT CALLS & UVXY PUTS above ES 3990

Great MARCH 2023 enters final 2 weeks, most active trading for me during previous 10 days.

Will close LONGS to get to Flat Or slightly NET LONG

Adam Mancini (@AdamMancini4) tweeted at 8:11 AM on Thu, Mar 16, 2023:
Day #4 of rangebound chop in #ES_F between ~3960 & 3885. Setting up the next multi-day trend. Targets late day yesterday were 3935 then 3955 and saw 3948 overnight

Plan today: 3910, 3895-3900=supports. Bounce zone to 3935, 3955+. Next leg down starts only if 3880-85 fails



#217 dTraderB

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Posted 16 March 2023 - 11:07 AM

I think this market has more declines than rallies during next few weeks but I will not hold positions for more than a few days, LONG or SHORT
The concept of LONG TERM in TRADING is NO LONGER APPLICABLE.

#218 dTraderB

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Posted 16 March 2023 - 11:11 AM

Watch PNC stock... rumors

That ES 3990 to 4K is strong resistance.
I think AAPL will drop below 140 before it trades above 160. It will soon be a regular stock, lose all bellweather premium.

Dow has to get back above 32600 for the Shake N Bake
 
As long as Apple above 153, certainly not ruling that out.



#219 dTraderB

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Posted 16 March 2023 - 11:13 AM

My FF: BULLS running it up today & early tomorrow, then down into weekend

Rumors of MORE weak BANKS, CRYPTO STOCKS

Let's see if this bounce can last for a day in this news driven market..................................



#220 steadyquest

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Posted 16 March 2023 - 11:28 AM

I've heard that chemicals lead the way (precursors to manufacturing?), but they held their cards close to the chest until the last minute.

 

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