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How many more unfilled gaps

Posted by icecoldjones on 29th of Nov 2023 at 09:41 am

How many more unfilled gaps can the SPX create until it gets sucked all the way back through them?

UNG has fallen off a

Posted by icecoldjones on 28th of Nov 2023 at 03:12 pm

UNG has fallen off a cliff and about to make my wife a widow...

Let's pray for one bitterly cold winter (those that are long here)!

You spoke too soon, just popped 0.15 off that ATL of $5.83

Still worth $1.2T, they'll be fine   

AI went from +6% on

nice follow through on these ideas

Posted by icecoldjones on 20th of Nov 2023 at 03:13 pm

AI went from +6% on the day to -3% in a few mins, something happened there.

Several window jumpers?!?! Where was this? To be worth millions in the 70s was YUGE, that would be 8x in today's value. I couldn't imagine even risking $1M today but I lose so much each year that I'll eventually get to that amount.

Side note, you must be in your 70s or 80s if you were working in the 70s. That's cool that you're still sticking with this game!

Traders are savages because they'll pump the stock on expectations of fewer expenses means increased bottom lines, they don't give a shit about those hurt by it LOL. Means more money for all those not impacted and the employees left have more work to do.

I know they sell just about everything on Amazon but I think this is a bad play for them. Stay in your lane IMO!

or what are you thinking cost-wise?

Thanks Steve, that makes sense and those are the bands they show in the charts on TD as well.

Can anyone explain how RSI

Posted by icecoldjones on 15th of Nov 2023 at 10:55 am

Can anyone explain how RSI works and why the S&P isn't overbought ATM? The S&P is up 10% since bottoming on 10/27 at $4,103, and that only took 12 trading days. Plenty of gaps in there too but it seems like one or two red days and we're oversold very quickly but the same doesn't happen for overbought. 

Feeling dumber than a box of rocks, but that's typical this year...

NIce buy on IWM, you

IWM up 3.5% pre market

Posted by icecoldjones on 14th of Nov 2023 at 09:32 am

NIce buy on IWM, you make all the right moves!

We haven't even had Thanksgiving yet LOL, there is seasonally a pullback mid to late November before the Xmas rally.

These figures blow my mind when grocery stores and restaurants around me keep raising prices and everyone is still spending like crazy and even buying houses at 8% mortgage rates.

srusso1, a Hot CPI would easily bring the market down in fear of more rate hikes. The last 2 weeks of a market rally has been on hopes that hikes are over and cuts are coming next year but I don't see any cuts coming with inflation still high, consumers spending like congress, and debt keeps reaching higher highs. Increased unemployment and a spike in credit delinquencies will cause rate decreases, all my opion.

SPY has some open gaps in the 420s too   

My guess is that investors believe that bad labor stats means the Fed may not do any more rate hikes. This is what they've been waiting for but the stats are just slightly worse than expectations, I wouldn't call them that BAD. The overall spending is what needs to slow in order to prevent anymore rate hikes IMO.

That is why I saved QQQ and $INX/SPY in the KISS tables but only QQQ went long the other day.

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