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Blazin

Blazin

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Sanrith Descartes said:
Jumped up a few pennies and got my JPM fill.
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Ive mentioned before but I am a grade A dumbass about round numbers, like I have a serious problem. I filled at $146 and purposefully didn't fill it sub $146 because I hate the entry numbers not being clean. I'm seeking help... But anyway if it hits $145 going to bug me that I could have that clean number instead :)
 
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Lightning Lord Rule

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Blazin said:
Watching for an entry back into MPC if we can get a few percent lower. It did go sub 70 for a moment this morning but I think if patient an opportunity for $66-68 could come.
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Just curious, but what makes you think this is the proper entry rather than one of the moving average support lines? Overall oil market trends? Money moving from tech to oil?
 
Jysin

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I think market looks fairly precarious here. We are near day low and drifting below 200D SPY. Next support is a fair bit away that I see. All seems compounded by the fact this would be the first breach of the 200D since pandemic lows in spring 2020 bringing more fear driven selling.

With options expiry, this can get wild going into power hour.

Keep on your toes.
 
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Moglyzoke Moogleman

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Jysin said:
I think market looks fairly precarious here. We are near day low and drifting below 200D SPY. Next support is a fair bit away that I see. All seems compounded by the fact this would be the first breach of the 200D since pandemic lows in spring 2020 bringing more fear driven selling.

With options expiry, this can get wild going into power hour.

Keep on your toes.
Click to expand...
TSLA bounced off 950 twice earlier and just broke.
 
Sanrith Descartes

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Blazin said:
Ive mentioned before but I am a grade A dumbass about round numbers, like I have a serious problem. I filled at $146 and purposefully didn't fill it sub $146 because I hate the entry numbers not being clean. I'm seeking help... But anyway if it hits $145 going to bug me that I could have that clean number instead :)
Click to expand...
Hahah, I am the same way. I had to force myself to jump up to 145.15 and now of course it dips below 145 and I could have had that fill. Fuck but this game is all about patience.
 
wormie

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Blazin said:
Ive mentioned before but I am a grade A dumbass about round numbers, like I have a serious problem. I filled at $146 and purposefully didn't fill it sub $146 because I hate the entry numbers not being clean. I'm seeking help... But anyway if it hits $145 going to bug me that I could have that clean number instead :)
Click to expand...
The volume settings on any of things that make a sound around me are always in multiples of 5. :D
 
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Sanrith Descartes

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I almost forgot...

1642795658200.png
 
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Lightning Lord Rule

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Remember that 'bright spots' post from yesterday? Remind me to never do that shit again.
Fuck me...
 
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Sanrith Descartes

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Something something, pigs and hogs, something something.
You have got to be willing to pocket profits on shit when the charts tell you to. When you see a stock testing and failing against resistance again and again, take the money on the next attempt and run away.

1642796219672.png


1642796279774.png
 
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Blazin

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Number one comfort for me right now is credit spreads, which are completely shrugging this off. Yes it's a pretty big wash out and selling volume is intense. The fun of the last two years is over, making money going to get a lot tougher going forward. I'm not concerned at this point, it really could get painful but my advice if that stresses you out to just turn it off. Don't make emotional decisions.

The market is readjusting PEs it may over due it in the short term. If you insist on "trading" it, we need to hold SPX 4380-4000 or we could drop another 100 pts rather quickly. We are entering very extreme bearish sentiment, usually means Gandalf and big swinging dick Calvary will soon crest the hill.
 
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Lightning Lord Rule

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Some other places I read are predicting more of the same for Monday, possibly lasting into Wednesday next week. This is due to options and the Fed coming out with some (probably horseshit) news on Weds.

No idea if that's right, but the the things that are falling don't seem to have much reason to stop falling from what I can see, so...
 
Sanrith Descartes

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When I say I pushed all my chips in at the 200 DMAs, I meant it. I am as fully invested as I have ever been...

1642796682443.png
 
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Sanrith Descartes

Sanrith Descartes

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Blazin said:
Number one comfort for me right now is credit spreads, which are completely shrugging this off. Yes it's a pretty big wash out and selling volume is intense. The fun of the last two years is over, making money going to get a lot tougher going forward. I'm not concerned at this point, it really could get painful but my advice if that stresses you out to just turn it off. Don't make emotional decisions.

The market is readjusting PEs it may over due it in the short term. If you insist on "trading" it, we need to hold SPX 4380-4000 or we could drop another 100 pts rather quickly. We are entering very extreme bearish sentiment, usually means Gandalf and big swinging dick Calvary will soon crest the hill.
Click to expand...
What we need is Gartman to go short the market.
 
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Sanrith Descartes

Sanrith Descartes

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Lightning Lord Rule said:
Some other places I read are predicting more of the same for Monday, possibly lasting into Wednesday next week. This is due to options and the Fed coming out with some (probably horseshit) news on Weds.

No idea if that's right, but the the things that are falling don't seem to have much reason to stop falling from what I can see, so...
Click to expand...
My big concern and what may be supporting those theories is AAPL. The fucker hasnt even touched the 100-DMA yet. It has a lot of room to fall and it will drag everything down with it due to its market cap.
 
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