Posted by DigiNomad on 2nd of May 2024 at 04:34 pm
Apple beat by less than 1%...if I'm reading it right. Lol. It's
pretty amazing they can get that close. Seems like a rounding
error.
Confirmed. The beats on bottom and top line were by about the
thinnest margins possible. It's like US unemployment numbers
reported this morning....when they come in right on target time
after time after time you kinda start scratching your
head.
Posted by DigiNomad on 2nd of May 2024 at 04:30 pm
I like how you put BB's on your RSI. Kinda does the
trendline thing automatically and you could set alerts on a cross
of the midpoint (alerts on indicators on indicators...I'm gonna try
it).
Posted by DigiNomad on 2nd of May 2024 at 04:20 pm
I heard in the background today that Trump said something about
"naked short sellers" and maybe that was causing the dash for trash
in GME and AMC? Not confirmed...just something they mentioned
on the YT show I have on in the background.
Posted by DigiNomad on 2nd of May 2024 at 04:15 pm
I sold calls on it in one account because of massive unrealized
gains. I shorted it in other accounts because of 31 PE and
mediocre growth to support a multiple like that (and also because
the STS got hit yesterday and this seemed like maybe just a death
wiggle today).
Posted by DigiNomad on 2nd of May 2024 at 03:30 pm
WMT - what are you thinking on this one? Perfect short
opportunity on 1st pullback after break? Or an STS trap play
/ false breakdown that triggered on the close yesterday?
Posted by DigiNomad on 2nd of May 2024 at 02:43 pm
INDA uptrend today is basically a straight line.
My AI pattern finder tool thingy just picked out an ascending
wedge with 5 touches on the 2m so I wouldn't touch it right here,
but maybe it's going to give a buy opportunity down around $52.85.
Breakout area on longer term charts is 52.61, so I'm
probably just being too picky. Also a demark 9 on the 78 and
those tend to work out pretty well in the short term.
Posted by DigiNomad on 2nd of May 2024 at 01:58 pm
Here goes AMC. The dash for trash is heating up!
The Treasury essentially promised to print a crap ton of
dollars yesterday for buybacks to dilute the dollar and strengthen
Asian currencies...so I'm not surprised to see asset prices in USD
get squirrely to the upside. It could build and get crazy
again - I almost always underestimate the power of money printing
to inflate asset prices.
Posted by DigiNomad on 2nd of May 2024 at 01:56 pm
PDD - I put this on my watchlist last night and gave it a color
code meaning that I should add it ASAP. Then I missed it.
Damn! Guess I don't have the luck of the Irish today (I think
it's based in Ireland).
Posted by DigiNomad on 2nd of May 2024 at 01:40 pm
Yep, very slow moving but significant trends. Only the Gen X and
above on here will likely remember how much Americans were envious
of Japan in the early 90's. They were CRUSHING it all over the
world and their kids seemed to be IDEAL - all of them were getting
into ivy leagues and other American colleges. I remember many of us
were wondering how it would be possible to compete with them...they
were like robots. They played concert piano, violin, spoke multiple
languages, got straight A's, took calc in elementary school, etc,
etc. So what was the outcome of that American envy? It
spawned that generation to become the 1st generation of helicopter
parents in America. A very Japanese style of parenting that
everyone envied in the 80's and 90's.....but the American style was
slightly different. They adopted the helicopter style but mostly
left out the discipline. As a result, we got Millennials and Gen Z.
As it turns out, neither style of helicopter parenting
turned out exceptionally. Trends matter.
Posted by DigiNomad on 2nd of May 2024 at 12:36 pm
TLT - starting to work. Everything else from
yesterday going according to plan. Treasury told us they were
going to embark on a massive buyback plan and the Fed said they are
massively cutting asset sales. DXY weakened. FXY
strengthened. Bonds caught a bid. Sometimes it really is that
obvious. Will it last? I'm sure Janet and JPOW have
fingers crossed because everything that happened yesterday was
specifically designed to rescue JPY (and other Asian
currencies).
Posted by DigiNomad on 2nd of May 2024 at 12:25 pm
I'm treating CCP stocks like heroine - it might be fun, but it's
not worth it in the long run. I learned my lesson. Abundance
mindset - there are plenty of opportunities every day without
chasing communist country stocks.
Posted by DigiNomad on 2nd of May 2024 at 12:12 pm
I've admittedly been an inflation hawk despite following a bunch
of nerdy economic types that have been pounding the table for many
months now about the fact that we don't have demand driven
inflation. Things are now starting to unfold the way the econ
nerds predicted so I'm glad I didn't completely waste all those
hours watching YouTube because it kept me balanced (I didn't go
wild into energy names thinking oil was going to keep flying, etc,
etc). I still blame it all on the Government. They caused the
supply shocks (unnecessarily, IMO....and I think many studies
now back that up...because we need to study the obvious these
days). And, if they didn't print so much money, the supply shocks
would have mostly resulted in substitution instead of price
inflation.
Anyway, the econ nerds don't see good things ahead.
Most of them say we're already in a recession and have been.
Gov transfers are simply masking it.
Posted by DigiNomad on 1st of May 2024 at 07:43 pm
IBKR - this is a good one with a banger of a chart and insane
fundamentals. I've been waiting for a pullback but that ABC on the
2 hour that started on April 25th might be it for the time
being.
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Apple beat by less than
Posted by DigiNomad on 2nd of May 2024 at 04:34 pm
Apple beat by less than 1%...if I'm reading it right. Lol. It's pretty amazing they can get that close. Seems like a rounding error.
Confirmed. The beats on bottom and top line were by about the thinnest margins possible. It's like US unemployment numbers reported this morning....when they come in right on target time after time after time you kinda start scratching your head.
I like how you put
STM
Posted by DigiNomad on 2nd of May 2024 at 04:30 pm
I like how you put BB's on your RSI. Kinda does the trendline thing automatically and you could set alerts on a cross of the midpoint (alerts on indicators on indicators...I'm gonna try it).
I heard in the background
Posted by DigiNomad on 2nd of May 2024 at 04:20 pm
I heard in the background today that Trump said something about "naked short sellers" and maybe that was causing the dash for trash in GME and AMC? Not confirmed...just something they mentioned on the YT show I have on in the background.
I sold calls on it
WMT
Posted by DigiNomad on 2nd of May 2024 at 04:15 pm
I sold calls on it in one account because of massive unrealized gains. I shorted it in other accounts because of 31 PE and mediocre growth to support a multiple like that (and also because the STS got hit yesterday and this seemed like maybe just a death wiggle today).
It's priced like a mega cap tech stock!
WMT - what are you
WMT
Posted by DigiNomad on 2nd of May 2024 at 03:30 pm
WMT - what are you thinking on this one? Perfect short opportunity on 1st pullback after break? Or an STS trap play / false breakdown that triggered on the close yesterday?
INDA uptrend today is basically
Posted by DigiNomad on 2nd of May 2024 at 02:43 pm
INDA uptrend today is basically a straight line.
My AI pattern finder tool thingy just picked out an ascending wedge with 5 touches on the 2m so I wouldn't touch it right here, but maybe it's going to give a buy opportunity down around $52.85. Breakout area on longer term charts is 52.61, so I'm probably just being too picky. Also a demark 9 on the 78 and those tend to work out pretty well in the short term.
Here goes AMC. The dash
GME - the degens are back! Nap time is over ...
Posted by DigiNomad on 2nd of May 2024 at 01:58 pm
Here goes AMC. The dash for trash is heating up!
The Treasury essentially promised to print a crap ton of dollars yesterday for buybacks to dilute the dollar and strengthen Asian currencies...so I'm not surprised to see asset prices in USD get squirrely to the upside. It could build and get crazy again - I almost always underestimate the power of money printing to inflate asset prices.
PDD - I put this
Posted by DigiNomad on 2nd of May 2024 at 01:56 pm
PDD - I put this on my watchlist last night and gave it a color code meaning that I should add it ASAP. Then I missed it. Damn! Guess I don't have the luck of the Irish today (I think it's based in Ireland).
GME - the degens are
Posted by DigiNomad on 2nd of May 2024 at 01:44 pm
GME - the degens are back! Nap time is over and looks like we're back to pumping trash. Buckle up!
Yep, very slow moving but
USDJPY - widow maker
Posted by DigiNomad on 2nd of May 2024 at 01:40 pm
Yep, very slow moving but significant trends. Only the Gen X and above on here will likely remember how much Americans were envious of Japan in the early 90's. They were CRUSHING it all over the world and their kids seemed to be IDEAL - all of them were getting into ivy leagues and other American colleges. I remember many of us were wondering how it would be possible to compete with them...they were like robots. They played concert piano, violin, spoke multiple languages, got straight A's, took calc in elementary school, etc, etc. So what was the outcome of that American envy? It spawned that generation to become the 1st generation of helicopter parents in America. A very Japanese style of parenting that everyone envied in the 80's and 90's.....but the American style was slightly different. They adopted the helicopter style but mostly left out the discipline. As a result, we got Millennials and Gen Z. As it turns out, neither style of helicopter parenting turned out exceptionally. Trends matter.
TLT - starting to work.
Posted by DigiNomad on 2nd of May 2024 at 12:36 pm
TLT - starting to work. Everything else from yesterday going according to plan. Treasury told us they were going to embark on a massive buyback plan and the Fed said they are massively cutting asset sales. DXY weakened. FXY strengthened. Bonds caught a bid. Sometimes it really is that obvious. Will it last? I'm sure Janet and JPOW have fingers crossed because everything that happened yesterday was specifically designed to rescue JPY (and other Asian currencies).
I'm treating CCP stocks like
KWEB China Internet ETF. Still looking ok
Posted by DigiNomad on 2nd of May 2024 at 12:25 pm
I'm treating CCP stocks like heroine - it might be fun, but it's not worth it in the long run. I learned my lesson. Abundance mindset - there are plenty of opportunities every day without chasing communist country stocks.
I've admittedly been an inflation
DBA
Posted by DigiNomad on 2nd of May 2024 at 12:12 pm
I've admittedly been an inflation hawk despite following a bunch of nerdy economic types that have been pounding the table for many months now about the fact that we don't have demand driven inflation. Things are now starting to unfold the way the econ nerds predicted so I'm glad I didn't completely waste all those hours watching YouTube because it kept me balanced (I didn't go wild into energy names thinking oil was going to keep flying, etc, etc). I still blame it all on the Government. They caused the supply shocks (unnecessarily, IMO....and I think many studies now back that up...because we need to study the obvious these days). And, if they didn't print so much money, the supply shocks would have mostly resulted in substitution instead of price inflation.
Anyway, the econ nerds don't see good things ahead. Most of them say we're already in a recession and have been. Gov transfers are simply masking it.
LPG has been nice. I
UNG follow up
Posted by DigiNomad on 2nd of May 2024 at 11:59 am
LPG has been nice. I took it early. Technically I probably should have waited for it to close above 42.70 ish.
FXY - I don't have
USDJPY - widow maker
Posted by DigiNomad on 2nd of May 2024 at 11:54 am
FXY - I don't have a Japanese wifey so I bought FXY calls instead. My sister lives in Bangkok, but the THB is still at the bottom of crash range.
EEM chart looks great. Close to breaking out of an 18 month base. I'm getting in at 42.20.
IBKR - this is a
Posted by DigiNomad on 1st of May 2024 at 07:43 pm
IBKR - this is a good one with a banger of a chart and insane fundamentals. I've been waiting for a pullback but that ABC on the 2 hour that started on April 25th might be it for the time being.