3309 Drysdale Ct
Edwardsville, IL 62025
Did manage to sell rest of SQQQ at 40.09 on last rally up . Good
After reading Schaeffer's update about last 3 meetings and sharp
sell offs, I decided to buy a few SQQQ shares at 39.98. Took
a profit on half 40.30. Put calls lower at .83
While I continue to build a bullish case, there is still one
thing that could knock the market off its current course. An
immediate risk for bulls is this week’s FOMC meeting, as the last
three meetings acted as catalysts for sharp, short-term selloffs.
With the Fed in focus mid-week and the potential for a market
reaction similar to those that occurred after the three previous
meetings, keep tabs on important levels of potential support. A
first line of potential defense for bulls is the 3,940-3,970 area,
as 3,940 will be the site of the trendline that connected the lower
highs in 2022 on FOMC day, in addition to the popular 50-day moving
average. Meanwhile, 3,970 is the close prior to last Monday’s
breakout above that major trendline.
Bought UNG 9.02 and sold most at 9.20.
Took a small swing BIDU short at 142.12 after looking at the
chart and also action of FXI so extended. I always take some of
short off quickly and did so 141.25. Closed rest of short
Very nice look at BIDU
Looked at NINE daily and has a potential head and shoulders
starting to set up . Working on right shoulder but lots of work
Another relatively low put call at. 81 even after the early sell
off. Will be interesting to see $CPCE tonight
Junkie I got lucky covered most of CX 5.25 just now.
Junkie thanks again for CX
Another question about the type of candle on CX is it a spinning
top of concern? Thanks
What about ROC MFI and MACD Histogram? I do appreciate
you taking the time. RSI is too the moon. The stock seems to be
following EWW and it had a BIG RED candle on Friday. Thanks
Larry Williams for the few followers here was quoted by Cramer
after picking uptrend well says the Thoroughbred horses like TECH
likely will give up leadership. It will be Dow type stocks will
continue to do well.
$CPCE closed .51 on FRIDAY It has not been this low since
August of this year. Even 5 day moving average is .63 very low
CX was a great breakout to new highs but now RSI extended and 4
simple moving averages look toppy and massive volume on
Friday. Thoughts please.
TSLA was about 316 after stock split down to almost 100. Do you
think the bears did OK?
John Murphy on Stockcharts is encouraged by the market
action. It is available by members of stockcharts.
Covered my RIVN short at 20.00 I have an update that John Murphy
posted on Stockcharts if anyone is interested.
Fade on RIVN which I shorted a little above 21.00
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