Likely going long on the Hang Seng index tomorrow or Monday. Came into the buy zone I had drawn for support of the current move down. I've had that buy zone on my chart since mid October. It's a diagonal looking for one more move up, which is never reliable, so no guarantees.



How do you play the "Dow Jones for Hong Kong"?

I'll be playing KTEC fund. 0.5% management fee through August 2025. But I'll hopefully be out end of year or by end of January if my chart is correct.

HSI / KTEC could try for one more low. My stop will be $11.50 and I plan to exit at $18.

Fully stopped out of BLDE with final sales over $5/share, Happy Thanksgiving team

Also, my cash on the side just continues to grow...we ever going to get a correction to try and put some of this to use or just keep it patiently sitting outside of a few plays here and there?

Happy Thanksgivings, boys & girls...what would a black Friday be without a new ATH for SPX...enjoy your family this weekend and let this donkey keep kicking through the new year...

++ BTHO tu

Out of SOXL in my brokerage account.

Bought some NVDA for a long-term hold, with some more buys below down to $132.

gougler08 said:

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Fully stopped out of BLDE with final sales over $5/share, Happy Thanksgiving team

Also, my cash on the side just continues to grow...we ever going to get a correction to try and put some of this to use or just keep it patiently sitting outside of a few plays here and there?

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Congrats! Glad it finally paid off.

I was at the dealership all day helping my wife get her new car. They did not like that they couldn't pass their BS off on me. Insulting trade in value coupled with 2 negotiated "offers" that both net out to the exact same as their original insulting offer through creative terms. Eventually got what we wanted with trade in value higher than market worth today.

Didn't get to look at the market much at all. Doesn't appear that anything unexpected happened. Regarding when we might see a correction.. if my chart on NVDA plays out, you're likely to see $90-$100 NVDA within 6 months following its top. You can extrapolate what that would mean for the market as a whole. But a lot can play out still. End of month / start of new month incoming. Do we get a roll before the Christmas rally?

BLDE - Enough in place to consider [iii] of C done. Support seems pretty clear. Re-test of the green breakout line. I really don't see a more impulsive structure available to get us to the original ending diagonal reversal target. But there's definitely a possibility it gets a blow off top in the wave [v] of C. I'm holding 25% of the Feb calls still having removed all risk and booked a 2.5x return so far. If we get the $4 area one more time for [iv], I'll look for confirmation of support and likely buy shares for the final run. If we can get a clear (a) and (b) within the wave [v] following that [iv], I will engage some calls as well. Will post here if significant updates are needed or I decide to enter any trades.

MSTR is my favorite of the moment for day trading. It generally gives clean level to level moves on fake breakdowns.

Did 382.5 -> 390 today.

I have a bit of time - anything I can help anyone with?

Selfishly…When are PLTR and CAVA going to run out of juice? Feel like this is your ASAN from years back when it just kept screaming upwards.

$30,000 Millionaire said:

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I have a bit of time - anything I can help anyone with?

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ASO is my sweetheart. Looking at a 3 year chart, why should anyone not go all in? Is there a better looking chart setup?

Could be good if it breaks that downward channel it's in.

Why is dicks market cap at 19B while Academdy is 4B. Dicks at 14PE while Academy at 7. Is there easy explanation?

Dan Scott said:

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Why is dicks market cap at 19B while Academdy is 4B. Dicks at 14PE while Academy at 7. Is there easy explanation?

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What does the market expect in growth for both if you're talking pure valuation.

Guess the CFO is the scapegoat as they announced they're looking for a new one. Would've preferred they hire a new CEO...

Number Monkey said:

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Guess the CFO is the scapegoat as they announced they're looking for a new one. Would've preferred they hire a new CEO...

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They released summary of internal committee findings and yet encouraging, it really doesn't mean anything yet. The BDO audit and releasing actual figures to the SEC will be all that matters.

Just more indications there is an issue under the covers. Im not touching it until we know what that is.

If we get to 9:00 with NVDA over $140 I'll be buying in with stop at $135 aiming at $150.

harge57 said:

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Just more indications there is an issue under the covers. Im not touching it until we know what that is.

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I agree with this. I haven't sold any of my positions, but I also haven't bought anymore to lower my average price because I would rather pay up with clear sailing, then compound my losses if they committed fraud.

Managed to be green on FUBO overall. We still thinking hold or money better spent elsewhere?

I was waiting to see if it punched through $1.72 or if it would sell off there. Expect there to be a red candle tomorrow or Wednesday but thinking it will keep moving up. Hoping to see it push $2.00 then going to start being pretty aggressive with covered calls.

ETA: My goal with FUBO right now is to accumulate a net free position of a few hundred shares for my long term hold so I've been pretty aggressively selling puts on this dip. So my goals may be different than yours.

Dang...I'm in positive territory on SMCI trade...is this one I should walk away from and be happy I made it out alive?

edit: cut my position in half (500 shares and 5 March 2025 33Ps)

$30,000 Millionaire said:

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MSTR is my favorite of the moment for day trading. It generally gives clean level to level moves on fake breakdowns.

Did 382.5 -> 390 today.

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can you please expand what you see here charting?

Played perfectly off that $375 mark this morning it looks like

AUD/JPY has clearly moved to a more risk off position, unsure why SPX hasn't followed.