If so they going to run it to 414/ 415 and then drop it on Thursday and Friday? That would make sense. No position unless they run today and Wednesday then I’ll do what makes sense and short it. I’ll be patient and wait for the all clear.
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Just a random thought.. when this does get down to the high 380s, assuming it does, I do think its time to take a long position. I am going to look for a bounce from there, just for a lower high. And I am off.. no more stocks for me for today. Alerts are set and some limit orders are set and till something goes off.. everything is doing either nothing or coming on down.
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Anyone else seeing this on many stocks? potential bear pennants forming? I see congress for the first time in 50 years is spending their time investigating flying objects (ET is coming!) . Are they F*** kidding me? You have a country that is complete garbage... people are paying over $100 to fill their car tanks, inflation is over more like 12% or higher if your're being honest and this is what they are doing? I say tank the F*** market and lets stop stepping around it. To the floor....... lol
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With all of 2 minutes of looking, looks like we may hit the 414/ 415 Thursday morning? Well see where we go from there... the market has been as interesting as watching paint dry the last couple of days. I just tune it out at that point. Wake me when this gets exciting...
Say that double@top at 407 and i couldn’t resist to place some puts . Took a long ass time tho . But with homedepot what’s so funny is that im glad i got into the market late it ended up fallling anyway . To my strike . Now im tryna figure out target and lowes / but let’s see where we close at
Original_Stock_Whisperer
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@Courtneyd, Depot has that range going from like 316/317 to the 270s... gap fill at 316/317? I could see it. I wouldnt open a new short until then, depending when and how it gets there..... I did find that funny though, run up and sold off immediately. Expected almost in a bear market though. Was guidance ok? I don't see how it could be....
Courtneyd
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@Original_Stock_Whisperer guidance was as neutral as that could possibly put it. I’m short words hey fellas we okay and pay off a few debts but Walmart on the other hand i guess they couldn’t sell enough PS5s ppl aren’t buying there as they used to just like Amazon . The in house Netflix numbers are done
Target earnings miss was big. shows how hard inflation is hitting. Also weekly mortgage drop seems like another big piece of news that will trigger selling today
Original_Stock_Whisperer
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@GregStocks, I could see Target being in the 60s when all is said and done. It needs to happen. I am glad it is. I am seeing some retail stores stocks drop 15% today which is sweet! I bet there is a bounce coming up though..
TakinCareofBusiness
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ET is coming?!?!?
sxznn
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Do you think it still runs to 415 and goes down? Powell's speech is really neutral and I think people's fear is kinda priced in for now. I am mixed at the moment but will see how it goes.
Original_Stock_Whisperer
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@sxznn, it definitely could and I imagine will make its way up there tomorrow or Thurs morning. I would like to see it reject there and come down from there though... still no position in SPY for me. You kinda have an ascending broadening wedge going on.
DansGoneFishing
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Hey OSW... I think I see that has formed on the 1 hour. Do you pay any attention at all to those. It's huge also... I'm getting that feeling right before a giant move up. What do you think?