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can you elaborate what you mean here? my observation of a whipsaw reversal is usually indicated by greater volatility and sideways range. but i feel the ranges and pullbacks we've been seeing lately has been very linear and orderly, catching everyone offsides. the 'chop' we've been seeing seems...

I think it's reasonable to be open to bigger range expansion on mopex week, after 4 days of super tight range, 2 weeks of sideways movement, amidst huge divergence between price and sentiment. Honestly I'd be more surprised if we don't move out of this range sooner than later.

nothing's ever easy :confused:

back in the range, little shake out that got absorbed rather quickly. good sign for bulls imo

what gives you the confidence we won't sell off?

this aapl tho. putting the team on its back.

shorts haven't been squeezed yet, but so long as we continue to make higher lows, likelihood of that happening is increased. I am hopeful too. just really difficult to rationalize the short trade right now, considering how crowded and painful it has been for the shorts lately. it's forming a...

if you look at the intraday action over the last few weeks, early day fade accompanied by late day rally ~2h before close has been a pretty consistent. The dips keep getting bought. Until that changes, it's just one more reason to stay bullish.

the fact that they're not fully integrated like tesla is one of the reasons why they're in trouble and why they can't compete on margin. --------break-------- as for the where the energy comes from. cost of ownership for EV's is way lower. Do you know why? a couple of key reasons are electric...

friend of mine at ford told me to go ahead and apply there when I was finishing grad school studying li ion batteries. he said they were hiring people like crazy and going all in on EV's. tesla was buying their cells through panasonic before establishing their own supply chain. but yes, I...

because I'm a cheap bastard who don't like paying for live futures data. (TV is not my primary tool)

I'm not sure if qqq is the one to look at anymore. small caps showing relative strength, and it's been sideways for over a month. one concern I do have is it has a very concentrated stack of weekly moving averages directly above, but it has cut through those levels like hot knife on butter...

would you look at that beautiful recovery

i want to say if we resolve this chop to the upside (definitively), there'll be a nice 3-5 day squeeze to 4300 (SPX), possibly next week.

the contrarian trade was so contrarian that the trade became contrarian to the contrarians. that's deep.

Flipping short as well on what appears to be news failure today. Didn't see the squeeze we would've expected on the positive cpi. The megacaps that have been carrying the market have pretty much all lost steam and the breadth still looks really weak.

large speculators are positioned short (blue line). last time it was this negative was during the 2020 bull market (during QE). another time it had a similar sentiment was going into the relief rally in 8/2022, I believe during the weekend of Jackson hole where the tone was super hawkish. I've...

was this an intended joke?

and you think 90% of trading is order execution? furthermore, that the market cares about how much time you spend in it?

was he wrong or was he early?