Investing General Discussion

  • Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!



    Go here and give us your nominations!
    Who's been the biggest Asshat in the last year? Give us your worst ones!
Blazin

Blazin

Creative Title
<Nazi Janitors>
6,946
36,099
qqq hitting some resistance here but so far consolidating nicely. Watching for the vix to get back below 40. Hate to jinx it but we may finish the day mildly down. LONG way to go but you can see the setup there.
 
  • 2Like
Reactions: 1 users
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Aristocrat╭ರ_•́>
44,470
120,567
1722869143916.png
 
Tmac

Tmac

Adventurer
<Aristocrat╭ರ_•́>
9,968
16,980
QQQ and MSTR are going to be my only green positions for a hot minute, lol
 
Lejina

Lejina

(╯°□°）╯︵ ┻━┻
<Bronze Donator>
4,669
12,173
Canadian stock market is closed because of some holiday, so I don't even get to have the option of a panicked overreaction as my savings evaporate.
 
  • 3Thoughts & Prayers
  • 1WTF
Reactions: 3 users
Blazin

Blazin

Creative Title
<Nazi Janitors>
6,946
36,099
If this just ends up a flash crash then tens of thousands of people panicking they couldn't log on and sell may find it a blessing.
 
  • 2Like
  • 1Truth!
Reactions: 2 users
Gravel

Gravel

Mr. Poopybutthole
39,370
129,412
So like I asked, this seems to mostly just be panic for the sake of panic. People freaking out in solidarity with Japan I guess? Had very little to do with our markets whatsoever, but massive drop because reasons.
 
Tmac

Tmac

Adventurer
<Aristocrat╭ರ_•́>
9,968
16,980
Gravel said:
So like I asked, this seems to mostly just be panic for the sake of panic. People freaking out in solidarity with Japan I guess? Had very little to do with our markets whatsoever, but massive drop because reasons.
Click to expand...

I think some whales had to cover margin calls on their Yen trades.
 
Blazin

Blazin

Creative Title
<Nazi Janitors>
6,946
36,099
Gravel said:
So like I asked, this seems to mostly just be panic for the sake of panic. People freaking out in solidarity with Japan I guess? Had very little to do with our markets whatsoever, but massive drop because reasons.
Click to expand...
No matter the outcome vix spikes tend to look silly a few months down the line. Tons of sky is falling that in hindsight was entirely overblown. Having said that, this morning was a significant event. It's destabilizing and if markets start whipsawing that shows indecision and indecision is what can occur in a waning trend.
 
  • 1Like
Reactions: 1 user
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Aristocrat╭ರ_•́>
44,470
120,567
MSFT RSI sub 25. This is more oversold than Covid Black Monday. Most oversold it has been in in more than 5 years.
 
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Aristocrat╭ರ_•́>
44,470
120,567
I wonder if Iran will time its attack on Israel to coincide with today's market weakness? I know I would.
 
Blazin

Blazin

Creative Title
<Nazi Janitors>
6,946
36,099
1722870477858.png


This is an example of indecision. This is S&P 500 in 99 -00 and notice how many times it began hitting the 200d . Sharp rallies and rapid declines this marketdly different than during the stronger part of the trend. Market crashes don't come out of no where like bear fairy tales. Just look at these warning signs, one after the other that the ground beneath was destabilizing.

So if we bounce today off the 200d that's a good thing. If we find our selves here repeatedly that is very much not a good sign.
 
  • 3Like
Reactions: 2 users
You must log in or register to reply here.