Boiler Room: The Official Stock Market Discussion

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lib123

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Serious said:
Imo everyone here should be preparing for a rally back up. I don’t think it’s going straight back to 460 on spy but I think a bottoming out will come sooner than later.

However be aware that, there will probably be bulltraps along the way so manage risk accordingly.

Also Vix is at 30+ no excuse for people not to be buying and going long in their favorite and must trusted stocks.


This what y’all want cheap stocks.
Click to expand...

Are they talking about pumping any particular stocks on WSB?
 
ahomeplateslugger

ahomeplateslugger

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Starski said:
Apparently the open house guy Keith Roboias, after arguing with anonymous accounts in finance Twitter for the last week :dead:, when Ron cnbc fast money today talking hella shyt about being”we are profitable on a gross margin basis!!!”


🤣


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what an idiot. i am surprised the company's PR team let him go on there looking dumb, unless he went off script.
 
Swirv

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Cashed in SPY puts a day too early lol. Was able to pickup SPY 400 calls for cheap on Friday. Feels like all the bad news is priced in for now and SPY support at 362 seems to hold. Bulls are gonna pump this thing until next CPI, hopefully.
 
Serious

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Swirv said:
Cashed in SPY puts a day too early lol. Was able to pickup SPY 400 calls for cheap on Friday. Feels like all the bad news is priced in for now and SPY support at 362 seems to hold. Bulls are gonna pump this thing until next CPI, hopefully.
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Idk about that. Last i checked, a couple weeks ago, the put to call ratio on spy was Astronomical until mid October.

Also Friday didn’t give me any inclination that the market was even remotely trying come back up.

All the charts I saw were pretty bearish or had low volume.

Plus the PCE report comes out next.

If those numbers are bad, I’m sure that won’t help either.
 
Swirv

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Serious said:
Idk about that. Last i checked, a couple weeks ago, the put to call ratio on spy was Astronomical until mid October.

Also Friday didn’t give me any inclination that the market was even remotely trying come back up.

All the charts I saw were pretty bearish or had low volume.

Plus the PCE report comes out next.

If those numbers are bad, I’m sure that won’t help either.
Click to expand...
Long term I believe SPY will continue to decline, but I want to take advantage of volatility along the way.

Looking at the yearly chart on SPY, 362 seems to be a major support level for now. I’ve noticed that there is still hope that PCE will be lower than expected, I believe SPY will pump just on that strength.

I’m betting the numbers will be bad as well. I’d like to get back into SPY puts cheaper during the week. Hopefully, J Powell doesnt throw a wrench in my plan by sounding too hawkish Tues. and Wed.
 
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Serious said:
Idk about that. Last i checked, a couple weeks ago, the put to call ratio on spy was Astronomical until mid October.

Also Friday didn’t give me any inclination that the market was even remotely trying come back up.

All the charts I saw were pretty bearish or had low volume.

Plus the PCE report comes out next.

If those numbers are bad, I’m sure that won’t help either.
Click to expand...
PCE?
 
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