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Original_Stock_Whisperer
Jun 8, 2022 2:11 PM

Baba is on watch... 

Alibaba Group Holding LimitedNYSE

Description

You guys are to kind. I have met some of the coolest people on here. Thanks for all the cool things you guys said. Baba was brought to my attention by someone yesterday. I have an alert at 116. If 116 does not hit by tomorrow, I dont know and dont care about it if that alert does not trigger. But if that hits say by tomorrow morning, I think I have no choice but to go short. I would then expect Uncle Jerome to deliver a blow to the market on Friday. I think he speaks and he will become the reason for the drop. QQQ.. seeing if we can hit the 316s...

Comment

I am in, 116.80s.. looking to add on in the 117s, assuming we get a "re-test" which I am sure we will.
Comments
eminalopalop
Thank you for sharing your insights and please do not leave us! Cause it looks like you have the crystal ball, lol:))) As you mentioned a few days ago, the market is insanely bearish, watch out for the 400 level!
One-World
My YANG crushed, but I don't think there could be a market to avoid this slowing growth. Nothing pro or anti any countries but global trading involves all regions so no one can be excluded unless being a zero-trading isolated place (not gonna mention names :P)
Original_Stock_Whisperer
@piscitear, Thanks for that info, sounds like Baba is a sympathy play then? I really do not look or read the news and I think I am better off for that. Let the chart speak... Edit: Nevermind, I see YANG is an ETF.. duh. Don't mind me, lol.
One-World
@Original_Stock_Whisperer, yeah stats and tech analyses don't lie but these days news affect the market way too much that I sometimes doubt whether news are made just to cooperate Wall Street's decisions. I'm overall bearish but I'd better find a better spot. GL on Friday and next Wednesday!! :D
tendency
Agreed - they sure are setting things up for the CPI data on Friday. Appears they are brewing a bull trap into the data release. We'll see..
Original_Stock_Whisperer
@tendency I expect nothing less from the stock market. Lol.
cicatrace
@tendency, I hope SPX can retest 4k actually before confirming the downtrend is over... One final bear trap maybe
isaacjuicy
We miss you
NickelOak
Bang on, as usual. One can make a fortune only picking stocks correctly about half the time, assuming one uses good risk management practices. You pick right way more than half the time, though. I appreciate your insights and for pointing me toward so much helpful educational material.
NickelOak
I got into WEBS (shares) this morning in my paper trading account, and I'm really happy about how that's working out so far. I've been waiting on that one to make a move for a little while now.
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