Boiler Room: The Official Stock Market Discussion

chineebai

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sensing a intraday qqq bear flag consolidation, waiting for next move down. JMO, no position, just cash.
 

chineebai

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RBLX looks like a good short below 34

MRNA - good short below 120. Beautiful H&S pattern on the weekly. I can see this at 100. Just my opinion.

Not trading advice.
 

Serious

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1st Round Playoff Exits
@chineebai any thoughts on this:


What's going on October 21st? Why do the puts for SPY slow down there...

unknown.png


Also the FOMC doesn't meet next month. They're off until November 1-2nd.
The CPI for October drops on Oct 13th.
The only thing I see as of now, are some numbers for state unemployment.
unknown.png
 

chineebai

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@chineebai any thoughts on this:


What's going on October 21st? Why do the puts for SPY slow down there...

unknown.png


Also the FOMC doesn't meet next month. They're off until November 1-2nd.
The CPI for October drops on Oct 13th.
The only thing I see as of now, are some numbers for state unemployment.
unknown.png
As an options trader, I don’t pay attention to call put ratios, it’s meaningless and just guessing. It could mean retail traders looking for a quick buck or commercial traders going on the offensive. All I pay attention to is the price of the equity, that’s the best piece of data. A lot of traders make the mistake of micro analyzing options action. I look at the underlying stock and then make my trades.
 

Starski

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Macro is fukking horrifying and it’s perplexing how retail is :ohlawd: at the thought of using this to “buy the dip”….

Recessions go in
H (housing)(wrecked)
O (New Orders) (wrecked)
P (Profits) (estimates have been coming down and they will continue once’s actual that were previously guided down miss)
E (employment).
 

Scholar

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Macro is fukking horrifying and it’s perplexing how retail is :ohlawd: at the thought of using this to “buy the dip”….

Recessions go in
H (housing)(wrecked)
O (New Orders) (wrecked)
P (Profits) (estimates have been coming down and they will continue once’s actual that were previously guided down miss)
E (employment).
Buy the dip :blessed:
 

Scholar

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Increasing interest rates will only make the supply chain worse. The only solution for this recession is lowering rates. Gotta go up to go back down
 

Starski

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Ok so what should ppl be doing then?
If this is regarding the above posts.

It’s not even about “what should we be doing” my statement is more so about how i personally believe *a sizable portion* of people are expecting ‘08 / Covid march ‘20 prices with ‘2H20 + 21’ labor conditions, wether they realize that or not.

And the kicker is their isn’t a “fed put” this time.
 

-DMP-

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If this is regarding the above posts.

It’s not even about “what should we be doing” my statement is more so about how i personally believe *a sizable portion* of people are expecting ‘08 / Covid march ‘20 prices with ‘2H20 + 21’ labor conditions, wether they realize that or not.

And the kicker is their isn’t a “fed put” this time.
if you don’t mind, can you elaborate?
 
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