Heineken-Ashi said:

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giddings_ag_06 said:

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Heineken-Ashi said:

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Guys, once POWL daily RSI crossed back below the mid line, there should have been no buying until it proved bottom. MACD couldn't look weaker. Switch over to weekly and its even worse.

I don't live and die by RSI, but when its weak and falling, you need to wait for oversold signals.

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I think the crazy thing is there is no reason for it to fall. It's like it's intentionally going on a massive sale for no reason. Earnings and future sales say this stock movement has been dyslexic.

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Look at what it did last year. Fundamentals are meaningless when something goes on a historic explosion of a run at an unsustainable trajectory. It simply ran out of buyers as sentiment was too extreme. When the buyers come back is TBD, but the technicals took over after the blowoff top late last year. Now it's just a matter of when the market believes it's worth the next run.

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I'm seeing long margin req is currently 75% and short margin req is 90% at one clearinghouse.
That's really high and indicates underlying perceived risk. Isn't short interest above 10% and was recently as high as 12-13%? If the shorts are paying a similar margin requirement (plus borrowing costs) to carry, they certainly have conviction. With so few outstanding shares relative to the large percentage owned by institutional investors, it only takes one or two larger holders to divest to move the price down.

Heineken did a write up of this not long ago. I've followed it myself. If you're in Nvidia, it may be prudent to keep this on your radar as it seems to be grabbing a few more news outlets.

DeepSeek GPU smuggling probe shows Nvidia's Singapore GPU sales are 28% of its revenue, but only 1% are delivered to the country: Report

Nvidia stated:

Quote:

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"Revenue by geographic area is based upon the billing location of the customer. The end customer and shipping location may be different from our customer's billing location. For example, most shipments associated with Singapore revenue were to locations other than Singapore and shipments to Singapore were insignificant."

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Singapore:

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Tan said that the Singapore government is working closely with U.S. authorities to investigate this discrepancy and that the country does not condone any business using their Singaporean address to get around export controls set by other countries.

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EnronAg said:

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I've been warning about POWL weakness for a long time.

was only kidding...I just really like that meme...I know you have warned us...

I would not necessarily recommend it, but those of you willing to take high risks, POWL could be a buy right here as long as above $189. Would keep a tight stop. Any bounce could be sold hard.

Failing to hold $189 likely means $170 by end of month.

Happy dance time! SMCI is above #63. Now it's time to ride the rest of the upswing into the 10k report by 02/25.

HD looks like it's trying to start a fall to $350 over the next month.

those VIX buyers were definitely on to something...just Q's and SPY ripping back and forth today between overbought and oversold all within a matter of minutes...no biggie!

I agree, HA. I am going to stick closely with swing trading rules with SMCI. I am not planning on this position being a long-term hold anymore.

Having an excellent week with SOXL.

TNA, not so much.

Heineken-Ashi said:

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HD looks like it's trying to start a fall to $350 over the next month.

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TY for that. I just sold out of that position. Was one of my biggest winners of the past year.

Team,

When do we start creating a position in TTD? It's getting tasty….

Give me OXY $50.25 and I'm buying next Friday $52 calls around 30 cents looking for 4x at $53.25.

HoustonAg_2009 said:

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Team,

When do we start creating a position in TTD? It's getting tasty….

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I already started a small one.

Got another limit order set for 77.04

Heineken-Ashi said:

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CAVA now has a setup pointing down to $91. But should see a short-term rebound back near $135 before dumping.

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You didn't say the selloff would start today. sheesh down 10%

Here's the two scenarios I'm tracking on POWL. I can't say that if this is a bottom it will go to new highs with certainty. But it can get back a lot of what was lost. That's why resistance is important.

BOAT Needs to avoid sinking

What just happened to PLTR

What the heck is going on

It's opposite day!

Crazy SMCI tank there.

Just got stopped at $56

Heineken-Ashi said:

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If SPXL can get to $186 then I'll move my stop to just above my entry.

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Any update on SPXL if I wanted to buy today?

Ags2013 said:

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What just happened to PLTR

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CEO to sell $1.2 Billion of company stock

You still in those spy 3/21 puts?