Boiler Room: The Official Stock Market Discussion

[Domingo Halliburton]

CPI. inflation decelerating in just about everything besides shelter (essentially rent). a rate hike will help with inflation

 

[Ohene]

puts sold for a $500usd profit after being down $400 on Monday

 

[Ohene]

not yet. Long term...its a good time to get it...but it could fall back to 56/57 depending on the market tomorrow. 55 has been a strong support level

its at $55.70 right now @Big Jo @jdubnyce

might get some calls soon. do i know this stock or what?

 

[Ohene]

I have a strong belief that today will market the direction the SPY goes for the next couple weeks.

Do we have a pennant or symmetrical triangle formation ...today will tell.

pennant example

symm triangle example (can break up or down

A death cross between the 100ma and 50ma is approaching as well. A september rate hike will probably create a perfect storm sending the market down. But i am starting to think we'll get more of the same avoidant bullshyt from the fed and dovish statements will send it up

 

[Domingo Halliburton]

someone just bought a ton of TF_F (Russell 2000 futures)

 

[Domingo Halliburton]

recent ES_F lows:

Aug 17 - 2074.75
Aug 14th - 2073.75
Aug 13th - 2073.25

we're getting close to breaking these levels.

 

[Domingo Halliburton]

there we go get the 10 AM ramp going.

 

[Ohene]

there we go get the 10 AM ramp going.

might head back down into the 207s...not sure i wanna risk it though
if anything if it does that is when i'll buy calls

 

[Big Jo]

its at $55.70 right now @Big Jo @jdubnyce

might get some calls soon. do i know this stock or what?

I'm back in. I didn't buy enough shares to get rich but I'll take my chances on getting a better return than if my money was sitting in the bank

TJX - said this before in here...best management in the retail space.

I'm long TJX... unless my stop hits

 

[Ohene]

TJX - said this before in here...best management in the retail space.

you dont say
@Big Jo good luck. ill be waiting until after the fed release to open any position thats gpro related lol

 

[Ohene]

might head back down into the 207s...not sure i wanna risk it though
if anything if it does that is when i'll buy calls

called it...shoulda got them puts
gonna wait til after lunch before getting calls i think

 

[Domingo Halliburton]

I hope the vix stays in the mid-teens through today....easy money shorting it. I don't know why I'm not selling the Sept 20 calls everyone seems to like so much. They're practically lottery tickets. Yellen is going to have to fukk the market up hard for those to hit.

 

[Domingo Halliburton]

recent ES_F lows:

Aug 17 - 2074.75
Aug 14th - 2073.75
Aug 13th - 2073.25

we're getting close to breaking these levels.

breaking through. next stop 2060?

 

[Domingo Halliburton]

one of the biggest builds in crude inventories on record....surprised oil didn't drop more.

 

[Ohene]

breaking through. next stop 2060?

relax. If it goes to 2060 all in against the vix