Too much negative things intertwined; high oil, bad US administration, war in Ukraine, China COVID lockdowns, super high inflation, credit card debt surging, rates heading higher.
One more bad event or issue will kick this market in the balls. I think that will be the housing market. [Reply]
Wow. Haven't placed a single trade today, just sitting on my hands watching the carnage. Almost grabbed some Tesla $850 calls after the opening dip, thank Almighty God I didn't pull the trigger. Yikes :-)
Wonder if this is finally capitulation, or just a warmup? [Reply]
Originally Posted by JohnnyHammersticks:
Wow. Haven't placed a single trade today, just sitting on my hands watching the carnage. Almost grabbed some Tesla $850 calls after the opening dip, thank Almighty God I didn't pull the trigger. Yikes :-)
Wonder if this is finally capitulation, or just a warmup?
Originally Posted by Hog's Gone Fishin:
What do you think about AAPL ?
It has cracked 2 major support levels today, 3 if we're being technical (pun intended). Could this be the bottom? Yes. No. Maybe? But there's a saying about trying to catch a falling knife. Next support level is between $138-$140. If $138 cracks, the next level of support is ~$123. [Reply]
Originally Posted by JohnnyHammersticks:
It's cracked 2 major support levels today, 3 if we're being technical (pun intended). Could this be the bottom? Yes. No. Maybe? But there's a saying about trying to catch a falling knife. Next support level is between $138-$140. If $138 cracks, the next level of support is ~$123.
Originally Posted by JohnnyHammersticks:
It has cracked 2 major support levels today, 3 if we're being technical (pun intended). Could this be the bottom? Yes. No. Maybe? But there's a saying about trying to catch a falling knife. Next support level is between $138-$140. If $138 cracks, the next level of support is ~$123.
Damn, Apple is my core investment. Not selling though, it's only a paper loss. [Reply]
AAPL is an interesting 1-minute chart to watch right now. Keeps trying to crack $146 but dip-buyers are bouncing it. Tug-of-war going on. If $146 cracks it's going to take out a lot of stop-losses, all the dip-buyers will be out, and it will speed up to the downside. [Reply]
Grabbed some AAPL 5/13 $140 puts for 52¢ right here just for fun.
Not much of a closing bounce even though tons of shorts were likely covering.
I think it tests $140 tomorrow, but if I'm wrong my position is small enough not to matter. Risking a couple hundred to potentially make a couple thousand. [Reply]
Originally Posted by scho63:
Too much negative things intertwined; high oil, bad US administration, war in Ukraine, China COVID lockdowns, bad US administration, super high inflation, credit card debt surging, bad US administration and rates heading higher.
One more bad event or issue will kick this market in the balls. I think that will be the housing market.
A bad US administration is enough to topple it. [Reply]
