GBA PRESENTS- the public games

In my view today was orchestrated by NVDA and their press conference. I do not think we are done with the sell off. Watch Yen strength. There is something brewing not quite the carry trade but I feel some bad bank mojo-- some trades are going to blow up quite possibly on SEPT 20.

Although the Japan situation has nothing to to do with SEPT 20. That is different but I think if you are looking to go long again in tech after the 20Th would be the time to start looking.

I think we should probably sell ARM tomorrow.
 
stonedinvestor said:
Ted this was so easy. Did you partake?

I left several clues.

Made the HF rich today! (as usual)

ARM Arm Holdings plc-- Even driving home from Ct, the stonedinvestor makes a bundle $$$$$$$$$$$$$$$

$125.54 +8.25 (+7.03%)4:00 PM 09/09/24
NASDAQ | $USD | Post-Market: $126.17 +0.63 (+0.50%) 4:51 PM
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GBA Trade: ARM $117-----------> $140 :wtf:
Holding Time- 1 Week.:thumbsup:

I got that chip in the Apple News just a little before everyone else didn't I. :rolleyes:


 
stonedinvestor said:
In my view today was orchestrated by NVDA and their press conference. I do not think we are done with the sell off. Watch Yen strength. There is something brewing not quite the carry trade but I feel some bad bank mojo-- some trades are going to blow up quite possibly on SEPT 20.

Although the Japan situation has nothing to to do with SEPT 20. That is different but I think if you are looking to go long again in tech after the 20Th would be the time to start looking.

I think we should probably sell ARM tomorrow.
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Van has been nailing the Market calls, you best get his autograph before he starts charging! Your WOOF trade was perfect!
 
TrailerParkTed said:
Van has been nailing the Market calls, you best get his autograph before he starts charging! Your WOOF trade was perfect!
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Ted lets be honest with folks. Van doubted my call down and said fade my trade and said we would be hugely up and we dived.

Then I called the bottom in a counter trend rally nailed 18 winners in short time and got you out before another leg down.

Then Van had a line in the sand and we went 200 below that... now he is " nailing " market calls- ?? :D don't mislead people.
 
5,406 was S&P low today. In free fall on Sept 4--> I don't flip flop. I gave you 5,342 pretty darn close!

Here are your levels:


Ok that 5,170 number really is 5,200 but I wanted wiggle room. If we get as far down as 5,200 we are in deep trouble anyway.. Sometimes a market will undercut a low and then reverse so I gave myself 30 points leeway.


Ok my best guess is: I'm doing this Sept 4- we stop at

5,342./

ALWAYS ON
ALWAYS RIGHT
GBA

#2720 Friday at 6:09 PM Report
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Most likely we go back down to this 5,342 level and as long as we can hold that 5,170 on SEPT 20 we're going to be alright as I have been saying constantly.

Soon. Not now.
 
stonedinvestor said:
This is a flash crash The Fed needs to do something./

5,400 will be defended. The Fed must now consider .50 and other methods.

We get to a point when the market begins to sell off faster to force the Feds hand. That is what is happening now.

This will cascade out of control unless the Fed steps up.


5,400 is a support area<----

The index is also pressing into deep oversold territory on a short-term basis. Buyers will come in and defend the SPX somewhere within this 5,400 range. If the S&P closes below this threshold in coming sessions, it will set up a test of the 200-day MA for next support near the 5,100 zone.<-----------

The S&P 500 5,400 zone is a 50% retracement of the July - August correction. Trading below this level will give off a bearish trading signal and the index would likely then test down toward its rising 200-day MA at 5100-<--------
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:rolleyes:
 
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