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Cue the Rocky Theme!  

Posted by profmel on 4th of May 2021 at 03:38 pm

Cue the Rocky Theme!   here comes the afternoon calvary to save the day! For the DJ anyway



Man, I blew AMD trade.

Posted by profmel on 30th of Apr 2021 at 03:15 pm

Man, I blew AMD trade.  Steve/Matt....feels like an afternoon flush into the bell. Anything indicating maybe a small buy for early next week? Oversold? etc etc??/

Huge buy program! And the

Posted by profmel on 29th of Apr 2021 at 02:46 pm

Huge buy program! And the thunder rolls....+666s HD, UNH, GS 

Really? Should've known it was

Posted by profmel on 28th of Apr 2021 at 02:40 pm

Really? Should've known it was a coordinated buy on The Dr. J show. Arghhhh

Or GS +10 same ole BS every Friday. UNH/BA will be Monday :) Not that I'm tracking it or anything.  LOL Up, Up, and Awayyyyyyyyy

GS/MSFT to the Rescue! plus

Posted by profmel on 23rd of Apr 2021 at 11:43 am

GS/MSFT to the Rescue! plus AAPL 130/170 DJ points. Always fun to watch the $$$ flow. 

Tax Tantrum?  Need any more

Posted by profmel on 22nd of Apr 2021 at 01:19 pm

Tax Tantrum?  Need any more proof of the algo effect? 

This is so refreshing! I'm

Posted by profmel on 20th of Apr 2021 at 03:17 pm

This is so refreshing! I'm sure we'll get the overnight low and huge gap up tomorrow as usual BUT it's been refreshing to see a bit of normalcy...if only for a day or two! Great calls, guys...spot on!



At this point just gotta

Posted by profmel on 15th of Apr 2021 at 03:48 pm

At this point just gotta laugh... options expiration week is always screwy anyway...This one is one for the record books! 

It used to be 'screw the IRA contributors' as the market was always close to an all-time high when the last-minute IRA depositors purchased their mutual funds at the top...only to watch their investment drop 10-20% before getting their 3Q  account statement. Until the endless QE to infinity distorted normality :)

Popcorn market. Up on hot

Posted by profmel on 12th of Apr 2021 at 03:50 pm

Popcorn market. Up on hot air! Geezsh

My UPS driver just bragged about how he's killing it in LINK and VET and putting ALL his money into crypto. Ummmm, ok...let me know how that works out but at the moment those guys (and my kids) are KICKING MY ASS!!!! FOMO is making me wanna puke! 

SQUEEEEEEEZE Somebody must be getting

SPX 5 min

Posted by profmel on 9th of Apr 2021 at 03:53 pm

SQUEEEEEEEZE Somebody must be getting slapped around!

Serious question-no hurry... Steve mentioned

Posted by profmel on 9th of Apr 2021 at 10:48 am

Serious question-no hurry... Steve mentioned how AAPL,AMZN,GOOGL,FB & MSFT are 21% of SPX/40% of QQQ and are pretty much responsible for this last move up to new highs. My question is: When money flows into the ETFs does that make the ETFs have to go and buy the components in the percentages in respective index? Example: $1 buys QQQ so AAPL gets 10 cents/MSFT gets 10 cents etc My point is when $$$$ flows into QQQ and SPX, is it a self-fulfilling proposition that the FAANGs are going to go up? Thanks!

Making it too hard! Sometimes

Posted by profmel on 8th of Apr 2021 at 03:25 pm

Making it too hard! Sometimes I think I get too caught up in all the mumbo and could've just bought MSFT 3 weeks ago and pocketed 35 points today. I'm trading for 2-3 and stressing myself out. Should've just held GBTC I bought sub-15 on Steve's recommendation and taken some golf lessons. One of these days I'm going to figure it out :)

Steve Reply: This is why I constantly preach to develop a methodology that suits YOUR objectives and risk tolerance.   Nothing more important that having a PLAN.   Looking at things in hindsight is easy but take time to study the PATTERNS that I showed and the result.   MSFT was a nice pattern but to be honest it wasn't 35 points. 

ARKK taking on water again...ugly

Posted by profmel on 1st of Apr 2021 at 03:57 pm

ARKK taking on water again...ugly reversal off 124+ gap open

Excellent chart-thanks!

VIX in the 17s... been

Posted by profmel on 1st of Apr 2021 at 11:05 am

VIX in the 17s... been quite awhile since we've seen that. Houston, it's good to see ya!

I'll buy the rug pull...

Posted by profmel on 31st of Mar 2021 at 03:24 pm

I'll buy the rug pull... serious distribution going on....dog days type volume. If not today...so be it :)

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