Stock Markets

35,000,865 Views | 258735 Replies | Last: 2 hrs ago by ProgN
Brian Earl Spilner
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AG
Back in on SOXL and targeting 42.95.
valvemonkey91
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AG
Gaeilge said:

techno-ag said:

Looks like SMCI indeed wants to hang out in the 30s a while. HA's prediction looking prescient at the moment.

Yep...I ****ed up and chased. I'm still fine holding it as I think they have a future in this AI space, but I broke one of my own rules. Still happens even to people who have been trading for a good while



I e been a bag holder since before the split. My avg cost is around $62
jja79
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Just looking for the first time today. Why are markets getting hammered today?
M4 Benelli
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EngrAg14 said:

Shut it back down if this is what being open looks like


Shut it down for perpetuity.
Gaeilge
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jja79 said:

Just looking for the first time today. Why are markets getting hammered today?

Because the QQQ was up ~12% from 9/1-10/31.

It needs to take a break and do some backtesting on supports. ~605 is the 50DMA and will probably test that before further expansion. If it gives that up, looking at ~585.
harge57
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AG
Anyone playing TSSI earnings today? I have a small position that I am considering doubling going into earnings. As with all these AI stocks they will probably beat on earnings and drop 10% in price.
harge57
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Anybody buying today?

I am looking at POWL, APP, FIG, TSSI.
ProgN
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harge57 said:

Anybody buying today?

I am looking at POWL, APP, FIG, TSSI.

I may pickup more FIG today, but I believe POWL goes to $275 or less so I'm going to wait on rebuying it.

ETA: I'm also looking at adding more SMR possibly today.
Brian Earl Spilner
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If we're gonna bounce at all....now would be a good time.
techno-ag
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And WWR slides back below a buck.

~~~/ Hello darkness my old friend..
Under one yet again…~~~/
The left cannot kill the Spirit of Charlie Kirk.
Imsodopey
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picked up a small amount of RKLB
BucketofBalls99
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I hate to say it, I don't think we will get a bounce today. Seems like everytime things try to buy, more is sold right after. Just can't get any traction at all.

Worries me about tomorrow
texsn95
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AG
Figures that I pick today to rollover one of my 401ks to an IRA. Oh well, onwards to QQQI land...
EliteZags
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Ag CPA
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Looks like the dip buyers aren't coming to the rescue today, wonder what changed.
BucketofBalls99
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Unless they are seeing it going lower and aren't seeing their entry price(s) just yet………hope not
2wealfth Man
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harge57 said:

Anyone playing TSSI earnings today? I have a small position that I am considering doubling going into earnings. As with all these AI stocks they will probably beat on earnings and drop 10% in price.

Picked up some calls today, huge Dell backlog incoming
Heineken-Ashi
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5Amp
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Heineken-Ashi said:



So true!
Gaeilge
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EliteZags
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LMCane
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one thing to consider is that HEALTH CARE just hit an all time high as so many have been rotating out of "risky" tech into "safer" health care

that could be what is crushing the Mag7 and tech this week.

also some Japanese tech giant reported lower growth last night.

and the remarks by the Atlanta Fed who is retiring that he does not support a December Fed Rate cut!
EFR
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Same here, I add when it drops below 50.
TTUArmy
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Liquidity traps everywhere. yuck...
ProgN
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LMCane said:

one thing to consider is that HEALTH CARE just hit an all time high as so many have been rotating out of "risky" tech into "safer" health care

that could be what is crushing the Mag7 and tech this week.

also some Japanese tech giant reported lower growth last night.

and the remarks by the Atlanta Fed who is retiring that he does not support a December Fed Rate cut!

This is a sector rotation and funds booking gains and their Christmas bonuses. If you're sitting on some cash then I'd suggest patience because the rotation might not be over and you'll be able to steal great tech stocks. They'll rotate back into tech after retail rides them all down and then pukes them at the bottom.
Gaeilge
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Tomorrow's QQQ prediction - Slight gap up, sells off, tests the 50DMA, and then goes green with a bullish hammer to set up a next week run.
BucketofBalls99
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Unfortunately I'm sitting on some of this tech. I wish was sitting on a fair amount of cash
GeorgiAg
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BucketofBalls99 said:

Unfortunately I'm sitting on some of this tech. I wish was sitting on a fair amount of cash

Same.
Brian Earl Spilner
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The good news is I had taken all SOXL profits off the table before today.

The bad news is I bought back in too early today.

Averaged down but still not a great day.

Will be selling early if we gap up tomorrow.
LMCane
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ProgN said:

LMCane said:

one thing to consider is that HEALTH CARE just hit an all time high as so many have been rotating out of "risky" tech into "safer" health care

that could be what is crushing the Mag7 and tech this week.

also some Japanese tech giant reported lower growth last night.

and the remarks by the Atlanta Fed who is retiring that he does not support a December Fed Rate cut!

This is a sector rotation and funds booking gains and their Christmas bonuses. If you're sitting on some cash then I'd suggest patience because the rotation might not be over and you'll be able to steal great tech stocks. They'll rotate back into tech after retail rides them all down and then pukes them at the bottom.


that makes so much sense and hopefully is what will play out in the next several months.

also that a ton of fund managers have been trailing the S&P now trying to play catchup before year end by piling into health and the banks.
Gaeilge
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Number Monkey
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AG
Wow! TSSI down 45% AH
Chef Elko
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One earnings report and down 40%? Come on C-levels, do better.
flashplayer
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Holy cow. How off were they on expectations?
harge57
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Number Monkey said:

Wow! TSSI down 45% AH

Ouch! I knew better.
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