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LOLz !

$SPX Buy program coming lol 

Posted by fredsaid on 25th of Feb 2021 at 04:01 pm

LOLz !

Someone needs to ring the bell when the next Redit Ride is coming !

Woo Hoo... close back up and then it's roller coaster season !  I feel like once oil gets to $65 we'll see another nice sell off or maybe just the DOW this time.  At the current rate this could be tomorrow then Friday.

Breaching top of megaphone =

Posted by fredsaid on 24th of Feb 2021 at 01:44 pm

Breaching top of megaphone = over bought ?

Bitcoin and friends (RIOT) leaking

Posted by fredsaid on 23rd of Feb 2021 at 02:22 pm

Bitcoin and friends (RIOT) leaking oil.  Maybe Bitcoin wants to retest that $42000 support level ?  RIOT looks to have a H&S on the daily.

Worked beautifully !  Like you

The VOMMA played out

Posted by fredsaid on 23rd of Feb 2021 at 02:15 pm

Worked beautifully !  Like you said, sometimes it's the day of and other times it's early.  I took that to mean could be up to 3 weeks and it worked.  Thank you !

9 day EMA (Exponential Moving Average) often acts as support for stocks that are uptrending and resistance for stocks that are downtrending.  When trading over shorter time periods and following the trend, whether it be up or down knowing where the 9 is can be very important for entry and exit points on your trade.  The 20 day and 50 day also act in the same way but those are longer term and can signal the change of a longer term trend when crossed.

I smell a bigger bounce

Posted by fredsaid on 23rd of Feb 2021 at 12:22 pm

I smell a bigger bounce brewing... 1:30 ?  2:30 ?  or tomorrow ... picking up a few SPY calls short term and 2 mos out.

Alrighty then - Do we have a confirmation of all hell breaking loose ?

That's crazy bro.  I sold most of my SQQQ as well expecting a bounce.  Still holding RIOT puts fortunately.

Yes what is the SPY reversion to mean trade here and is there a QQQ reversion to mean trade ?  QQQs futures down another 200 points - wow.

Don't think we are there yet unless people start dropping like flies from the vaccines ... I don't expect that news or something equivically nutso (like an early Fed Funds increase)  to hit till the fall but it sure looks like it right now don't it ?  

Lucid deal is a go.  Appears to be sell the news.  Not sure how well Lucid cars will sell but they may come full circle on the battery tech.   Appears to be an obvious sell Tech rotation in flight.  Turn around Tuesday may be last opportunity to bail for a couple months but I think mid term (before the end of the year) CCIV and tech in general will be up again and long term this should be a winner.

A close below 3880 opens

Posted by fredsaid on 22nd of Feb 2021 at 03:27 pm

A close below 3880 opens the door to more downside ?

Watching AAPL as a catalyst

Posted by fredsaid on 22nd of Feb 2021 at 10:56 am

Watching AAPL as a catalyst to reverse the selling of the QQQs.  9 EMA at 124 ?

Bitcoin losing it's 9 ?

Posted by fredsaid on 22nd of Feb 2021 at 09:01 am

Bitcoin losing it's 9 ?

Crazyville !  Based on BTC, RIOT should have been in the 80s today.  But if it corrects over the weekend (which no one knows) then you made the safe play.  I'm long 2 weeks out and short 3 months out.

Given the VIX has not

Posted by fredsaid on 19th of Feb 2021 at 02:27 pm

Given the VIX has not participated in the sudden drops today and BitCoin is headed to 60k I think we'll find a way to new highs.  However due to OPEX everything is acting wonky ! and we probably close right where we started.

Enjoying the ride !


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