Thanks be safe

AAPL - Chart Link I'm taking off, see you guys in about 4 hrs

NFLX- Performed exactly as predicted for once...

Thanks see them now, duh

Steve, 5064 still valid?  for resistance or pop?  thanks

RSG - Chart Link-

FNGD - Chart Link- remember this was basing

TSLA - Chart Link-

TSLA - Chart Link-

XBI - Chart Link- could be low risk long with stop below 200 MA, LABU is the leveraged ETF

Unfortunately I will be gone until early afternoon. I will be leaving at 10 am EST, unfortunately I have to go to an appointment with my wife that is 1.5 hrs away. At least it's OPEX and futures moved back, I was worried about trying to monitor all that while in the car LOL

I was long MES yesterday and saw the futures down 80, was monitoring it. I ended up making some well timed buys that help me be up quite a bit today

I also shorted GC gold futures, there was a lower high at 2428 where I placed a stop, wasn't hit so that's up nicely too

here's the chars where I took trades. got lucky too

I need to post my stats sometime again on that - as you know for man years every year I made a video on that, I have a spreadsheet with all the data, and also added my own touch to it

May officially marks the beginning of the “Worst Six Months” for the DJIA and S&P. To wit: “Sell in May and go away.” Our “Best Six Months Switching Strategy,” created in 1986, proves that there is merit to this old trader’s tale. A hypothetical $10,000 investment in the DJIA compounded to a gain of $1,180,836 for November-April in 73 years compared to just $3,323 for May-October (STA 2024, page 54). The same hypothetical $10,000 investment in the S&P 500 compounded to $977,443 for November-April in 73 years compared to a gain of just $13,335 for May-October

May has been a tricky month over the years, a well-deserved reputation following the May 6, 2010 “flash crash”. It used to be part of what we once called the “May/June disaster area.” From 1965 to 1984 the S&P 500 was down during May fifteen out of twenty times. Then from 1985 through 1997 May was the best month, gaining ground every single year (13 straight gains) on the S&P, up 3.3% on average with the DJIA falling once and NASDAQ suffering two losses. 

Puzzled why you are surprised by this. The point of our news media is not to give you information.

If you compare the recent price action on SPX to the pullback in August, you will see they are eerily similar - RSI, MACD, stochs. If so, then a bounce with a further pullback to come.

DJT up again today....nice run off 24.22

Ticker         News
ARM Downgraded to Neutral from Outperform at Exane BNP Paribas.
AVAV Awarded contract with Marines worth up to $249 mln.
AXP Beat EPS by 38 cents (3.33 vs. 2.95) on stronger revenues.
 BAC Upgraded to Outperform from Peer Perform at Wolfe Research.
CART Coverage initiated at Buy at Loop Capital.
DASH Coverage initiated at Buy at Loop Capital.
DT Upgraded to Buy from Neutral at Cleveland Research.
FITB Beat EPS by 8 cents (0.76 vs. 0.68) on stronger revenues; raised guidance.
FSLR Upgraded to Overweight from Equal Weight at Wells Fargo.
HBAN Beat EPS by 4 cents (0.28 vs. 0.24) on stronger revenues .
ISRG Reported better than expected EPS on stronger revenues; da Vinci procedures increased 16% y/y.
KBH Announced plans for $1 bln buyback and boosted dividend to 25 cents per share.
NFLX Reported better than expected EPS on stronger revenues; subs higher than forecast; guidance mixed.
 NSC Outlines plans to reach sub 60% operation ratio within 4 years.
PARA Apollo Global and Sony Group rumored to be considering a joint offer for the company.
PG Beat EPS by 10 cents (1.52 vs. 1.42) on weaker revenues; guided inline.
PPG Reported inline EPS on weaker revenues; lowered guidance; $2.5 bln buyback (8% of mkt cap).
RF Missed EPS by 8 cents (0.37 vs. 0.45) on inline revenues.
SLB Inline EPS (0.75) on stronger revenues.
TSLA Recalled 3,878 Cybertrucks to repair accelerator pedals that can become stuck behind interior trim

VIX up 4.5 percent this a.m.

Be careful about making emotional trades. Know your risk or wait til the dust settles. Curious to see if satellite images are  produced to provide evidence of damage.

https://www.reuters.com/world/middle-east/israeli-missiles-hit-site-iran-abc-news-reports-2024-04-19/

https://www.nytimes.com/live/2024/04/18/world/israel-iran-gaza-war-news#fbeab0e8-0afb-5db0-9d6d-672c4cbfe5a3

ES 2 PC move overnight, I knew there was "news" when I saw this, figured it was Israel bombing Iran.....Silver also made a huge move up, Gold not as much.