Investing General Discussion

Jysin

Jysin

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Sanrith Descartes said:
Futures open flat to slightly green. Without some sort of external positive I don't see us moving back higher and more than likely heading back down for a test of the 200 DMA. To be honest, I'm not sure what the Fed or Biden can say or do. They have pretty much shot their wad. If they try to pass more free money, it just adds more inflation. If the Fed talks taper or rate hike the market will puke on that too. This is the wall we have been speeding towards for a while now.

Inflation isn't going to stop by itself, and these fuckers in DC probably don't understand this. Shit is a constantly moving stream of peaks and troughs. Once the inflation train starts moving upwards it dont stop by itself.
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If SPY can't hold 403.38, there is a pure air gap down on the daily chart to 400.67. Feeling we might be testing 400 today, which is a technical and psychological support level. If we give that up.. who knows? Plus heading into the end of the week?

QQQs are running into an ascending support macro line, although there's no telling how strong that is, as it is only anchored off two lows from Nov and March.

Excited by the week's buying opportunities, but also don't want to catch the falling knife either.
 
Sanrith Descartes

Sanrith Descartes

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Edaw said:
www.foxbusiness.com

JPMorgan, others plan to issue credit cards to people with no credit scores

Some of the largest U.S. banks plan to start sharing data on customers' deposit accounts as part of a government-backed initiative to extend credit to people who have traditionally lacked opportunities to borrow.
www.foxbusiness.com www.foxbusiness.com
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what could possibly go wrong oscar noms 2018 GIF by The Academy Awards
 
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Sanrith Descartes

Sanrith Descartes

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Jysin said:
If SPY can't hold 403.38, there is a pure air gap down on the daily chart to 400.67. Feeling we might be testing 400 today, which is a technical and psychological support level. If we give that up.. who knows? Plus heading into the end of the week?

QQQs are running into an ascending support macro line, although there's no telling how strong that is, as it is only anchored off two lows from Nov and March.

Excited by the week's buying opportunities, but also don't want to catch the falling knife either.
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I am currently out of trading mode and almost entirely focused on investing mode. I dont feel I have enough clarity on the next few months market moves to trade. To this end I am looking to bolster existing long-term buy/hold positions as a potential 1-6 month downturn doesnt impact those holdings with a 10-year plus time window. I have a solid group of pre-DA SPACS near/at NAV that I will sell on the news and convert that to cash for future investments as they come up.
 
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Sanrith Descartes

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I got greedy with COIN. I knew it was pushing against resistance at $305 and thought it would break through. I knew better and should have sold at the resistance level.
 
Sanrith Descartes

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Today's rally is built on hopes and dreams. I see a rug pull coming at some point today.
 
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billymain

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oh sorry forgot investments only payout next week or trash stonk. fixed original
you must realize there is a significant and lucrative middle ground between current state and ultimately reaching net zero
 
Sludig

Sludig

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Kiroy said:
i just drove 800 miles getting 11.5

i want prices to go even higher to keep other fuckfaces out of the good camping spots
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I was shocked, and pleasantly amused that my 550hp Jag is somehow getting 25mpg highway so I'm not getting screwed as hard as some V8's out there.
 
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