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SPX is there a limit

Posted by fundamentalvalues on 10th of Nov 2022 at 11:19 am

SPX is there a limit up on markets for a trading day? Squeeze em

Russia continues to be defeated.

Posted by fundamentalvalues on 10th of Nov 2022 at 10:16 am

Russia continues to be defeated. Another thing to keep in mind is that the war can end. Have to keep an open mind either way. 

Ukraine attacks Russian units in Kherson, saying Moscow didn’t request a ‘green corridor’ for withdrawal:

https://www.cnbc.com/2022/11/10/russia-ukraine-war-updates.html

SPXS took some (3x etf)

Posted by fundamentalvalues on 10th of Nov 2022 at 09:53 am

SPXS took some (3x etf) at $21.91 for its own bucket/hedge whatever you wanna call it. Serves its purpose. If the negative narrative/market performance returns, it will be there. Smaller size to start. 

A good spot if willing to scale or use as a hedge, etc. with the gap below. I'm looking to join you for some, starting small as usual. 

SPX gaps- 3,828.11 filled, so

Posted by fundamentalvalues on 10th of Nov 2022 at 09:39 am

SPX gaps- 3,828.11 filled, so next upside gap is all the way up at 4,110.48

Downside gaps now at 3,748.57 (yesterday's close) and good ol' 3,583.07. 

AGG-My allocation is the bottom so far from a bit back and treasury yields falling more now. 

The market doesn't care as

Bitcoin

Posted by fundamentalvalues on 10th of Nov 2022 at 09:18 am

The market doesn't care as it shouldn't. It isn't a real asset and never was. Fiction. The narrative will be back though, today is another one. 

ARKK up 9.5% in premarket

Posted by fundamentalvalues on 10th of Nov 2022 at 08:55 am

ARKK up 9.5% in premarket so far off those new lows yesterday. 

META got em' short in

Posted by fundamentalvalues on 10th of Nov 2022 at 08:47 am

META got em' short in the hole down at that support. Nasty cocktail for people pushing things down there with this CPI data reaction. 

I just posted that as well. No idea on timing, I think the most pain would be caused to just keep it up somehow today or possibly longer. I'll play whatever Oz gives when it is there. 

That was insane, just happy it worked out. Great call on that inflation chart. I went long yesterday at the close as I doubted a straight move down after so much of the same has been discussed inflaiton wise over and over. Perfect trap. Nasty market. 

I just caught the move on both sides! Had the orders set, not sure I've had that happen before like that. Filled gap premarket down to 3,748.57, then blasted higher to $64s on SPXL. I'll take it. Two trades already, let's see what sets up next. There will be an open gap on the cash now  at 3,748.57. 

Sold half of my long on the premarket bump up higher and took a short position on that strength to play the gap from yesterday's close at 3,748.57. Seems like the market gives away money near daily now on gaps. Never an exact idea on timing, though it really helps with defining risk/reward. 

Whatever Oz wants to do is fine by me. Timing and prices I have no idea, though risk/reward will be in my favor on the swing as always. All the best man

SPXL took a first entry

Posted by fundamentalvalues on 9th of Nov 2022 at 04:21 pm

SPXL took a first entry long at $59.59 at the close. Betting it isn't as easy as a waterfall down here. Let's see.

3,583.07 is the gap fill on the downside if it were to come

If the market continues to sell off, I'll take the other half of my first entry at the close. 

SPX I'll take a shot

Posted by fundamentalvalues on 9th of Nov 2022 at 10:59 am

SPX I'll take a shot with 1/2 of a first entry long off 3,780s retest here. Target will be the gap fill up at 3,828.

Talking it down to acquire cheaper my guess. Then again since they are rivals, he may want to watch it burn

DIS bought some back at

Posted by fundamentalvalues on 9th of Nov 2022 at 09:44 am

DIS bought some back at $89 that I sold prior at $124s. Not a large position and will build if it gets more attractive on levels. It is the only individual stock we own for fun. 

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