Broke through some key levels today on the SPY. Looks like the beginning of a correction.
10% down would put us right around the 200 SMA. There is some support about 2.5% below where we are today but if that doesn't hold hang onto your hat and build up some cash for the upcoming dip. [Reply]
Originally Posted by scho63: "St. Louis Fed President James Bullard told CNBC he sees an initial interest rate increase happening in 2022 as inflation picks up."
And that's why the market is tanking today.
Total shit week across the board.
If their goal was to tank the stock market, they have done a great job. :-) [Reply]
Someone sold a HUGE block of Apple about 4-5 minutes before the close. Looked like 35 million shares in a single trade. Volume went from about 62 million to 97 million shares in a blip and stock lost like .40 on one down tick.
Not too many people or mutual funds control that much stock. [Reply]
Originally Posted by scho63:
Someone sold a HUGE block of Apple about 4-5 minutes before the close. Looked like 35 million shares in a single trade. Volume went from about 62 million to 97 million shares in a blip and stock lost like .40 on one down tick.
Not too many people or mutual funds control that much stock.
Really hope my COIN investment pays off someday, up to 55 shares now. They make so much money from people buying AND dumping crypto I don't see how it can't if I hold it long enough... [Reply]