GOOGL Pump

Money keeps flowing into the market, so you know they gotta pump something other than chip stocks and bubble stocks. I venture to guess they're going to pump financials and retail as usual, and FAANG stocks finally break out from their earnings slump.

I said a couple of weeks ago $NDX (QQQ) was going to look like last May with a sideways drift, and I was sorta right. Guess what happened last June? Look at the charts....

Comment:

Looks like the market wants to go down for a few days, no position yet.

Comment:

Going in on March 1 calls if GOOGL, SPY, and QQQ look to finish above open this afternoon.

Comment:

Only did one contract since I'm doing weekly, $1120 call.

If the market doesn't tank in the last 15 minutes, then they're gonna jack up futures and pump FAANG stocks because that's the only way to get to a new high.

Trade closed manually:

As shown in my SPY chart, we're getting a sideways drift and this isn't going up unless the market does. Bailed on the trade when it went green this morning.

Trade active:

Might be a FOMO mistake, but I bought 1 contract next week call when it went red, will add one more if the market dips midday.

Tomorrow is 401k payday Friday, computerz will eventually pump the market since that is the algo, shorts will cover before the weekend, and FAANG stocks look like they are going to break out (or down, lol). Worth a shot.

Comment:

Breaking out but needs help from the indices. I don't see it going much higher without SPX and NDX going higher. Tomorrow is Ponzi Friday, so I think we'll be OK, but who knows what the futures will do overnight.

Trade closed manually:

Bull trappy, closed it out and taking the rest of the day off