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Today was just like a hot knife through butter.

Another useless excuse for today's selloff from our highly trusty source #cnbc “The economic data keep rolling on in the direction of a downturn, if not recession, this morning,” said Chris Rupkey, FWDBONDS chief economist. “The stock market doesn’t know whether to laugh or cry because while...

Well, this ain't the only time they've been wrong. I wouldn't trust those guys with my money.

How about a short at 71 SL 15

I highly doubt that will happen this time around. We've already made the double bottom formation on the daily, which gave rise to the monster rally yesterday. So, if we were playing by the book, we should be going higher today. But the fact that we've completely erased yesterday's gain negates...

No bro, this ain't over. Stay short. I wouldn't be surprised if we hit 5400.

At least I have something to write home about. Mama, you stay proud.

Damn bro, where did ya buy your crystal ball? :D

Doubt it, but that would be pretty freaking scary (or awesome). :)

Flip short 5580 SL 88 PT 65-ish

Long 5582

I thought yesterday's move was huge (137 points or 2.51%). But, looking back, we've had some monster rallies back in 2022. Three explosive moves, nearly back to back on a weekly basis.

I can't even find my old post. But what do ya know? It went down and bounced off that lower trendline (just as someone said). Aren't you proud yet, mama? :) Congratz to everyone who stuck with this trade. For everyone else, it's too late to short now.

This? Classic!

C'mon, you should take that as a compliment. After all, you don't often get the honor of being compared to Mr. Schizo. :D

Did ya see that sudden drop, mama? Yeah, I'm gonna make you proud. You just watch. :)

Out 94 Mama, I'm gonna make ya proud :sneaky:

Long 84 SL 78

I'm sorry, mama. I fcked up. But that shouldn't come as a surprise. I'm the best fade there is in town.

Well, as long as things are going smoothly, what's there to complain? But if the AI bubble bursts, this can have a catastrophic effect on the entire market. Those 7 companies, which effectively comprise 1/3 of the index, will drag down the entire economy down the drain. And to see such a small...