SPY_Trader

SPY_Trader

Per the official twitter account for Shib, there was an error in the circulation numbers being reported by CoinMarketCap yesterday. It is now fixed "Update: A bug caused by their engineering team's migration to a new infrastructure is causing the circulation figures to be off." I'm sure a lot of people panic sold, and will soon be purchasing SHIB again, hopefully...

SPY_Trader

Looks like the SPY is starting to realize that it left an gap or two that still needs to be filled. A pullback to about 436.25 would be a cruel trick for some, but a real treat for me. I've been eagerly awaiting to profit on a gap fill.

SPY_Trader

Two separate conversations about SHIBA. First, my Uber driver said he has 28 million. Then a guy working at the liquor store said he bought some a few weeks before it traded on Coinbase, and he's up big. They both seemed super excited and said they have no intention of selling until they are multi millionaires. I don't think I've ever had a live conversation...

SPY_Trader

This move is all about transferring wealth from the impatient to the patient.

SPY_Trader

Much like IWM, the ETF SPY is pulling away from the upper Bollinger Band, and the Stochastic shows it coming out of the overbought zone. My personal position is short call spread, hoping to profit from a decrease in price.

SPY_Trader

IWM has been pretty rangebound as of late, and it looks like its going to bounce down to around 219 or so. Yesterday we saw IWM bounce of the upper Bollinger Band. The MACD hasn't turned bearish yet, but should confirm a downward trend today. The Stochastic is showing downward pressure. This is not to say that IWM is expected to crash, but it may be a good idea...

SPY_Trader

I know there is a lot of speculation around this one, and this is probably just going to be seen as another pump post. I admit, I am new to crypto, but I'm not new to investing or stocks. I've seen this before. The same buying frenzy that fueled the housing and tech stock boom is now making $SHIB go higher and higher. I won't be shocked when this thing hits $1.00...

SPY_Trader

SPY, IWM, QQQ. Gaps, gaps, gaps. Gotta get filled sooner or later. Hopefully sooner, because I keep selling calls. #ThanksTrump

SPY_Trader

IWM has a bit of a gap to fill before it goes higher

SPY_Trader

SPY looks ready to run, but what about those gaps?

SPY_Trader

Looks like the stochastic is showing an ease in the profit taking, and SHIB is staying in the upper channel Bollinger Band. There is a lot of speculation about this coin, Will it live up to the hype?

SPY_Trader

Decided to roll the dice, and bought more SHIB today. Way too young for any real technical analysis, but here is the chart below. I bought this because nothing else makes sense, so why should crypto. Musk likes it, so that will probably make it pop more than anything else.

SPY_Trader

Love it or hate it, looks like crypto SHIB is about to pop, looking at the chart.

SPY_Trader

Looks like the early birds are hoping to get their worms here. The Stochastic has a bullish crossover, and the SPY has bounced off the lower BBand. MACD still showing a more cautious sentiment though.

SPY_Trader

Unlike most cryptocurrencies, ALGO is up big over the last few days. If I were trading this, I would be looking to sell, and hope to by back at a lower price later. But, I'm getting a really nice staking reward, so I'm just going to hold on to this one. Over all, I'm up over 300% on this. Probably going to get slaughtered like a pig.

SPY_Trader

I have a bearish outlook on Microsoft (MSFT) based on the Stoch, BB, and MACD charts. Due to report earnings today, decided to take advantage of increased volatility and sold an at the money call spread with 3 days till expiration. Not my usual play, but decided to open a small position. Sold the 287.5 calls, bought the 290 calls.

SPY_Trader

QQQ seems a bit overbought, and buyers are getting tired. Looks like Stochastic agrees, and the BB shows the price pulling away from the upper band. MACD still holding out, but starting to tip downward. Hoping for a nice big dump.

SPY_Trader

Funniest crypto commercial def goes to etoro, which I don't use. Doge stinks, like most crypto. They all have these big plans, but has anybody tried using them to buy things? I have, binance is a nightmare, and the others aren't much better. Still, I'm not going to act like I'm above the FOMO, I'm HODL'n some.