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Sanrith Descartes

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Finally got around to calling Street.com and cancelling renewal on the subscription. Just a reminder for Shonuff Shonuff if you were planning to do the same.
 

Jysin

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$95.20 all time low for RIVN since IPO shortly ago. If it breaks that level, could see some continued downside.
 

Sanrith Descartes

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NVDA hit a low at around 4:45am overnight of $275.99
Over the last two days (due to the spike up) the 50 DMA has shot up to $277 from $272. I still think the 100 day at $245 is where I want to be, but I am not seeing it happening right now.

I am looking for an entry position at $272 and will fill the position if I am wrong and it drops to the 100 DMA in the future. It hasnt breached the 100 DMA since March.


1639751242584.png
 
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LachiusTZ

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I swear to God if shit crashes this soon after I told my SPXU, I'll be really fucking sad. Lol
 
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Jysin

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It's important to note that whenever there were previous bear market pulls like 2020, 2008, 2000... Fed always had room to lower interest rates and calm things down. If (big if and I am not convinced it happens) we get a huge bear market correction to the tune of 20%+, the Fed is now backed into a corner with rates already at 0. Their ammo is quite limited at this point.

I presonally think we see continued rotations. The high flier high growth PE names will be more scrutinized by their books, as raised interest rates will negatively affect these the most. Value will continue to come back into focus.

Travel, which I have posted a lot about, will be the highest risk / reward play for 2022. Individual names are going to be about controlling the money burn. Lots have taken on large loans, dilluted shares with new issuance, etc. If they can't start turning some profits (cruise lines especially), they are going to really start hurting.
 
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Sanrith Descartes

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MSFT hasn't breeched the 100 DMA in a year. 100 DMA is $310. It just breeched the 50 DMA. It is getting into the ballpark that I will add, if he takes a spike lower today at some point.

1639751715353.png
 

LachiusTZ

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It's important to note that whenever there were previous bear market pulls like 2020, 2008, 2000... Fed always had room to lower interest rates and calm things down. If (big if and I am not convinced it happens) we get a huge bear market correction to the tune of 20%+, the Fed is now backed into a corner with rates already at 0. Their ammo is quite limited at this point.

I presonally think we see continued rotations. The high flier high growth PE names will be more scrutinized by their books, as raised interest rates will negatively affect these the most. Value will continue to come back into focus.

Travel, which I have posted a lot about, will be the highest risk / reward play for 2022. Individual names are going to be about controlling the money burn. Lots have taken on large loans, dilluted shares with new issuance, etc. If they can't start turning some profits (cruise lines especially), they are going to really start hurting.

The hardest thing for me is the dollar value for stocks could keep going up, while the real value goes down. Nominal vs real.

I dunno if we are there, or ever will be, but I think that is one of the harder things for me to personally process when making investment decisions.

We might already have a real adjustment in process, but never see a nominal one.

Or the while thing could blow up and I could be trading brass in a year. Lolol
 
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Sanrith Descartes

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FTEC 100 DMA is $126. Like most of big tech it has bounced back hard after each of the 4 breeches the last 2 years. The 200 DMA is at the same place with the intermediate support level around $120. This is where I will go back in heavy for the future IF we see some insanity the next week or so.


1639752624884.png
 

Sanrith Descartes

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Big Tech companies bouncing off support lines. Lets see if they can sustain it or its a head fake.
 

Jysin

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Keep in mind: We are still basically skirting all time highs on the indexes. If you are seeing big red, youre likely in some high growth names that are being sold as we rotate into value. Know what you own in these markets.
 
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