Investing General Discussion
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
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Sanrith Descartes
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TSLA
Near a quarter million call options contracts expiring today trading at/near the money. The $200 strike is gonna be fun to watch.
Near a quarter million call options contracts expiring today trading at/near the money. The $200 strike is gonna be fun to watch.
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Sanrith Descartes
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I didn't get the low of ~4.5, but I did get some at 5.1x and 6.5x before that low. If we get anywhere near the levels it was at in December I will make some BANK.
We're talking me becoming a MULTI-Thousandaire here, people.
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Question for
Blazin
and any other chart wizards:
CAH has lost a bit from its highs in the last week or more, and the moving averages have all converged (other than the 200D) it seems. Would this be a good time to take profits? If the moving average is about to turn down, I could scalp here and wait for a better price to add more alpha later, or is this move because of something more fundamental going on with the company or the healthcare sector more broadly?
Keep in mind I have a small position right now, and if it does go down despite there being no fundamental change in the healthcare sector (assuming that's the read) this would be a good time to increase my position after a move down.
Thanks!
Blazin
and any other chart wizards:CAH has lost a bit from its highs in the last week or more, and the moving averages have all converged (other than the 200D) it seems. Would this be a good time to take profits? If the moving average is about to turn down, I could scalp here and wait for a better price to add more alpha later, or is this move because of something more fundamental going on with the company or the healthcare sector more broadly?
Keep in mind I have a small position right now, and if it does go down despite there being no fundamental change in the healthcare sector (assuming that's the read) this would be a good time to increase my position after a move down.
Thanks!
Sanrith Descartes
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I know nothing about the company so this is strictly from a chart perspective but the last couple weeks have been horrid. Support hasnt held and its last vestige of support is right here around $73 - $75. A fall to $69 could be quite possible if it doesnt find some legs here and this support isnt really strong. Without knowing your lot info or cost basis I would be looking to grab some profits unless you have some info that gives you a feeling that it is about to reverse course higher. Im not saying sell it all, but taking some (if not all) profits off the table might not be the worst idea.Question for
CAH has lost a bit from its highs in the last week or more, and the moving averages have all converged (other than the 200D) it seems. Would this be a good time to take profits? If the moving average is about to turn down, I could scalp here and wait for a better price to add more alpha later, or is this move because of something more fundamental going on with the company or the healthcare sector more broadly?
Keep in mind I have a small position right now, and if it does go down despite there being no fundamental change in the healthcare sector (assuming that's the read) this would be a good time to increase my position after a move down.
Thanks!
Keep in mind I am a fan of taking profits in times of uncertainty and I recently pulled some AAPL, TSLA, JPM off the table.
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Sanrith Descartes
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Sanrith Descartes
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Jysin
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Sold most around 30+%. Letting a small portion run if we want to get further extended on the indexes.
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Blazin
Creative Title
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Stop at 74.15Question for
CAH has lost a bit from its highs in the last week or more, and the moving averages have all converged (other than the 200D) it seems. Would this be a good time to take profits? If the moving average is about to turn down, I could scalp here and wait for a better price to add more alpha later, or is this move because of something more fundamental going on with the company or the healthcare sector more broadly?
Keep in mind I have a small position right now, and if it does go down despite there being no fundamental change in the healthcare sector (assuming that's the read) this would be a good time to increase my position after a move down.
Thanks!
If it can’t break 77.50 on rebound sell
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Sanrith Descartes
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Sanrith Descartes
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Blazin
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S&P 200d is now ticking up, nasdaq and QQQ are flat. SHould get their first tick up this week. Market behavior that simply does not occur during a bear market. ie we are in a bull market, for whatever titles are worth. Said a better way we are now in an uptrend and the breaking of oct lows is improbable in the near term. Trade the market you have.
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Sanrith Descartes
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FTEC appears to be on the same uptrend (not sure but I think I am the only one holding it). Looks like it shifted trajectory on 2/23.
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Jysin
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Sanrith Descartes
Blazin
Thursday was the turn. SPY premarket dipped below the 200D. Check the 5min chart, we opened below and by 10:20am had already reclaimed, and more importantly, back tested back down below the 200D on higher volume, put in a lower high and started running without really looking back. The day was massively helped by one of the Fed speakers that literally mentioned a "pause" in the summer on hikes. You can see this massive volume spike and price jump at 13:35. Any dovish Fed chatter, especially pauses, seems to get the bulls back out and raging.
I had already taken the long on the SPY in the premarket below the 200D. My thesis being how much buying had repeatedly taken place earlier in the week with buyers stepping in front of the 50D multiple times. It couldnt even drift into levels without buying coming back into the picture. Suddenly we gap down and dip below the 200D, I knew it was going to be defended and retested. Failing that, I had the 100D backstop very shortly under around 391.50 as wel as the macro descending trend line from the market highs around 390-390.50.
Again, buying at levels with support nearby should that fail and leaving some ammo in case we want to test the lower levels. That's about as safe of a play in active trading as you can get. You're playing the whole S&P not trying to pick a winner.
Then as Friday unfolded, we just ran from there all day long with a tiny pause and consolidation before resolving over the 20D EMA. Today we are slowly grinding up as well, but coming into resistance again in the 410-17 range.
We also have Fed Powell testifying twice this week. I can't help but think he will need to dial back expectations of previous pause talk. We've had multiple countries with February CPI surprises to the upside. I am guessing we get hawkish Powell back in play this week. Just my hunch, but see how it plays out and play the chart in front of you, not the market you "expect or want" it to be.
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Furry
🌭🍔🇺🇦✌️SLAVA UKRAINI!✌️🇺🇦🍔🌭
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Bull market, bear market. Those were terms from the previous age. I'm a firm believer that we're now in the time of the cancer market. Growth may not work out as expected.
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