TSLA
Tesla
-- 379.280 NVDA
NVIDIA
-- 138.310 RGTI
Rigetti Computing
-- 20.0000 PLTR
Palantir
-- 75.190 AMD
Advanced Micro Devices
-- 120.630 
$SPDR S&P 500 ETF (SPY$SPDR SPY is getting dangerously clos...
$SPDR S&P 500 ETF (SPY$SPDR SPY is getting dangerously close to the previous lower support line of the massive rising wedge pattern, likely around 560. Talk about a V-shaped recovery. If this reacts like many rising wedges I have witnessed on many other time frames we might get the gap fill and then a hard rejection. What better way to take retail's money than to pump the market hard and fast on low volume, get the bulls' hopes up and heavy in calls, and then reverse sharply? VIX keeps dropping off meaning people are cutting their hedges. Now that the market is call heavy, who gets screwed the most if the market tanks? Y'all do whatever you want, but I wouldn't touch this thing with a ten foot pole unless someone were day trading.
I am reminded of the common saying about markets remaining irrational. So many recessionary indicator alarm bells are sounding simultaneously and yet the market cheers for rate cuts... That have a 6 month to 2 year lag effect.
Do people really believe that it takes a year or more to get inflation under control and cool the economy but then a few rate cuts will have the economy pumping again in a couple of months? Irrational is an understatement.
Best of luck out there and God bless. It's getting wild.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Just a dude highly interested in the financial markets who wants to share helpful info along the journey.
432Followers
15Following
1062Visitors
Follow
RobertW : I hear you Derpy. I think the only way to even get close to clipping profit from this would be to do like you said and day trade this thing. But who in their right mind is going to push that much capital up against such irrational volatility?? You can count me out for sure! I go play in the small sand box with a few thousand shares vs this beach with a rising tide. Good looking out for other trades man, I really appreciate your post and analysis.
Derpy Trades OP RobertW :
I appreciate your input as well. I could be absolutely wrong, but everything I have been studying for the past 2+ years is indicating we're in for a very bad recession. People hate them, but they're a natural part of the economic cycle and the Fed has meddled with the cycle for too long.
OptionStrengthViewer : f
Derpy Trades OP OptionStrengthViewer : Yea?
BuIIy : serpy derpy?
Derpy Trades OP BuIIy : I mean it rhymes.
RobertW Derpy Trades OP : That they have. This on the fence act they're playing about the rate cut is a bit of pain. But I agree with ya, recession is a natural (as natural as it could be) part of an economy. especially one such as ours. We get complacent and start taking fair prices for granted, on top of that vote in politicians who's agenda isn't for the better of the people or our economy but to see how thickly they can line their pockets before it's to obvious that they're in it for their own personal gains. In turn we pay a price. The economy will recess and people will suffer, but it will bounce back as well and people will move forward.
Derpy Trades OP RobertW : Spot-on!