LITE - nice triangle on daily

AKAM might be worth a look.
Was coiling and busted out today (higher)

Consider XSP as an alternative to SPX if size is an issue. Even 1 SPX option is a large chunk of notional value - XSP is 10x vs SPX at 100x. Same tax treatment.
Downside is that you don't get the extended markets with XSP that you do with SPX. But how many people even realize that SPX  (and VIX) starts trading at 2am?  

I sent that graphic you made to a lot of peeps. Got a good reaction. Thx. 

Exactly. I had multiple clients today ask me if we should go to cash. For the first time, I erred on the side of "fundamentals don't matter anymore." Maybe it's a sign of a top ;)

FCEL also nice today.
A good friend of mine owns a related biz in Australia. He says the industry is suddenly ON FIRE. 

Hindsight 20/20 but  yesterday's low represented a clear break of the pattern we had been watching.  I guess with plays like these it's best to trade super small and give it 20% or more space.  Maybe a stop down around the 4.20 area? 

KDMN - add this one to growing list of watchlist trades where I get stopped out (based on  the BPT pattern) right before it goes ballistic.  Crazy whipsaw on this one.
I should post a notice when I get stopped out. They  have almost all been great entries points lately ;)
I gave it some room, but it broke down HARD out of the pattern before reversing and exploding higher. 

I hope you didn't jinx it   
I've been net short for a while now.  Mostly neutral returns (longs offset shorts, but not to the point of gains).  I think most people would like some downside, at least because it will uncover more opportunities...that's  a big part of why we're here IMO - pain trade continues to be higher

Matt, the user "Galaxy Note9" has a hot mic and is chatting it up with his family on your Zoom     Is there any way to mute him? 

Market addicted to Gov stimulus and has basically figured out the formula to get more on demand. Feels like it's waiting for more details on 1 trillion infrastructure bill to push higher. Remember the last time the Fed tried to tighten? Market threw a tantrum that resulted in the worst December in market history.

Wish I was a fly on the wall of the BlackRock bond trading floor....

I like the market going up, but knowing why it is going up is very disturbing. I want no part of this steadily increasing socialism. It's a cancer.
Fed continues to cross red lines and even admits it...while we remain mostly silent. Seems like society has capitulated.
But, since we're here, what's the play? Who are the Gov anointed winners going to be?  Maybe an airline or two? 

Struggling at 1st major ES Fib.
Would be crazy if we rallied 100+ points to tag 38% and finished first up leg....all in one day. 

Anyone else count 5 waves down on ES 1 hour timeframe?
And now broken symmetry...

shoot, looks like it would have been a decent trade

UGAZ - was going to take a shot a few minutes ago at the bottom end/range of the falling wedge with a fairly tight stop. Hit transmit and got an error about trading permissions. Switched accounts twice and got the same error. Is there something special with UGAZ that I'm not tracking? (I'm able to trade everything else today)

I've been with IB for about 15 years now and have all my RIA accounts under a single umbrella (pretty convenient but I don't have anything to compare it to because that's where I started). Customer service is horrible. They've been emailing one of my new clients for a week now about a missing trust cert and I finally called them yesterday only to find out it was actually received and still under review. Par for the course with them -  not good for newbies. And yes, the charting sucks. I do most of my charting and analysis with a TOS account and execute on IB.  Their API tools are good which I think is a pretty big edge for many these days who would prefer to customize their own platform. 

My vote would be to keep them.  I also don't think you should worry about members. Systems aren't 100%. If they were, none of us would be working anymore. Your caveats about statistical norms are helpful.  Thx. 

Is QQQ bouncing right in symetry area?  Couldn't even get through 12. But I guess it's only the first wave...depending on time frame.