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
today!
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.
SCHAEFFERS Reasearch
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.
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
141.31
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
again.
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.
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Did manage to sell rest
Posted by rbreese on 31st of Jan 2023 at 03:57 pm
Did manage to sell rest of SQQQ at 40.09 on last rally up . Good evening.
After reading Schaeffer's update about
Posted by rbreese on 31st of Jan 2023 at 01:21 pm
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 today!
While I continue to build
Posted by rbreese on 31st of Jan 2023 at 12:45 pm
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. SCHAEFFERS Reasearch
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
Posted by rbreese on 31st of Jan 2023 at 10:00 am
Bought UNG 9.02 and sold most at 9.20.
Took a small swing BIDU
Posted by rbreese on 30th of Jan 2023 at 12:52 pm
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 141.31
Very nice look at BIDU
BIDUhttps://schrts.co/aAaWsDXu
Posted by rbreese on 30th of Jan 2023 at 11:31 am
Very nice look at BIDU
Looked at NINE daily and
Posted by rbreese on 30th of Jan 2023 at 11:19 am
Looked at NINE daily and has a potential head and shoulders starting to set up . Working on right shoulder but lots of work yet
Another relatively low put call
Posted by rbreese on 30th of Jan 2023 at 10:59 am
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
/NG nat gas futures hold the 2.70 range after a ...
Posted by rbreese on 30th of Jan 2023 at 09:53 am
Junkie I got lucky covered most of CX 5.25 just now.
Junkie thanks again for CX
CX was a great breakout to new highs but now ...
Posted by rbreese on 29th of Jan 2023 at 03:06 pm
Junkie thanks again for CX
Another question about the type
CX was a great breakout to new highs but now ...
Posted by rbreese on 29th of Jan 2023 at 12:35 pm
Another question about the type of candle on CX is it a spinning top of concern? Thanks
What about ROC MFI
CX was a great breakout to new highs but now ...
Posted by rbreese on 29th of Jan 2023 at 12:31 pm
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 again.
Larry Williams for the few
Posted by rbreese on 29th of Jan 2023 at 11:50 am
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
$CPC closed pretty low Friday at 0.84. Past times it ...
Posted by rbreese on 29th of Jan 2023 at 11:34 am
$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 too.
CX was a great breakout
Posted by rbreese on 29th of Jan 2023 at 09:55 am
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
Posted by rbreese on 28th of Jan 2023 at 08:23 am
TSLA was about 316 after stock split down to almost 100. Do you think the bears did OK?
John Murphy on Stockcharts is
Posted by rbreese on 27th of Jan 2023 at 03:39 pm
John Murphy on Stockcharts is encouraged by the market action. It is available by members of stockcharts.
Covered my RIVN short at
Posted by rbreese on 27th of Jan 2023 at 03:09 pm
Covered my RIVN short at 20.00 I have an update that John Murphy posted on Stockcharts if anyone is interested.
Covered my RIVN short at
Posted by rbreese on 27th of Jan 2023 at 03:09 pm
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
LCID squeeze
Posted by rbreese on 27th of Jan 2023 at 02:07 pm
Fade on RIVN which I shorted a little above 21.00