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im long pfe, rockstar chart on cv booster play

+1 great chart not a reco but id buy >167 with 160 s/l 180 target

True, loss of 200 = institutional sell signal. I remember 3550 was a key level months ago. Main thing is remember it has bounced off the 50 repeatedly. So if it does finally lose the 100 that's a traffic signal yellow light, 200 = red light

I agree with talking heads re if we do get a minor correction the initial target for s&p is 50sma. Only if it loses 100sma then may turn into major drop.

Thx I'll buy a bit of KWEB if it gets > 45.8 for swing

Curious whether we'll see some action at 2pm re fed I'm long PFE TLRY and others, plus inverses for swing

FYI

up 800+ thx mostly to uvxy :D just sold 25.6 most of it, yeah baby! from 1 of 2 accts:

Broken record but I still think biggest upside on any correction is UVXY... it was 38 on last drop, now 24 https://www.cnbc.com/quotes/UVXY

Retail sales report coming at 8:30am today premkt

Same watchlist today, hopefully no midday reversal again. I sold the gap up UVXY then rebought eod, kept rest of inverses overnight, nice to see it's looking good so far. Looking at 1 yr charts best upside leverage in UVXY SRTY FAZ

Fwiw TZA SQQQ good breakouts today

If markets sell these go up

All that matters is price action and risk management. Range, volatility and specific entry patterns are critical to master.

Outstanding points -- very spot-on, one of the best and most correct posts I've seen in a long time. Totally right re time of day insights, A+ and important. 2 key words I focus on are volatility and range. Anyways, kudos.

In 21+ years I've never gotten bored with trading. There's boring midday chop and slow days occasionally. But I love trading. Solving each day's puzzle in pursuit of profits never gets old. It's a unique challenge every day.

When I was much younger I liked my Remington 10/22 . Now I like my Sig226 9mm, Glock .40cal and Remington 12ga tactical pump shotgun.

I scale out at 2day lows and back in at 2day highs for swings

Bought a bit of short crude etf SCO just now on this headline (not a recommendation) https://www.cnbc.com/2021/08/11/oil-falls-after-white-house-says-opec-should-boost-production-to-support-the-economic-recovery.html https://www.cnbc.com/quotes/SCO

Should be interesting to see if it sparks a rally or selloff..... any thoughts on trading it? I'm in both inverses and various stocks, will scale into winners. Reminder as with all reports there's usually a 3-step immediate reaction on release: kneejerk initial 5-10 minute move, reversal, then...