Where's the top?

[murray t turtle]

As expected eod selloff so I bot small size inverses SQQQ UVXY SOXS SDOW bounce, plus SCO and cannabis breakouts APHA TLRY SNDL

%%
PSQ/SQQQ are still above 50day moving average; QQQ is above 200dma.LET the games begin;
glad i took QLD profits as a daytrade. CUT a loss on another 3x inverse ETF .
MAR + OCT tend to be wild...........................................................,CUT a loss on RYE, small profits on FXN, XLE. Almost bought GUSH but if my data is right, its down from $79,000 split adjusted /LOL??

 

[S2007S]

As expected eod selloff so I bot small size inverses SQQQ UVXY SOXS SDOW bounce, plus SCO and cannabis breakouts APHA TLRY SNDL

I own some SNDL bought at .97 last week when the market was falling apart.
Will sell on the next pop above $3

 

[KCalhoun]

%%
PSQ/SQQQ are still above 50day moving average; QQQ is above 200dma.LET the games begin;
glad i took QLD profits as a daytrade. CUT a loss on another 3x inverse ETF .
MAR + OCT tend to be wild...........................................................,CUT a loss on RYE, small profits on FXN, XLE. Almost bought GUSH but if my data is right, its down from $79,000 split adjusted /LOL??

Thx re note on GUSH, reminded me to buy a bit of it's inverse DRIP just now afterhours, I'd forgotten about those... like SCO it looks oversold but who knows...

 

[easymon1]

https://www.stockcharts.com/freecharts/candleglance.html?GUSH,DRIP,SCO,SNDL|B|0
nice snag on that sndl, hammers at support warm my heart.
How do you guys handle your watch list(s) and keep things organized an up to date?

 

[S2007S]

well quite possible. And I think if significant down spiral does take place, fed will buy stocks outright. So it is indeed infinite.

If it came down to it where the feds magic tricks weren't working, which would be quite a shock, one magic trick which would work indefinitely would be the fed buying stocks directly....and yes that was brought up during the collapse last year. That's how sad this market has become, that 97% of the market is now the fed....

 

[S2007S]

For those idiots who don't believe the fed controls wallstreet:

A headline posted
From September 2020


The Fed has bought $8.7 billion worth of ETFs. Here are the details
Published: Sept. 21, 2020 at 12:03 p.m. ET

 

[S2007S]

https://www.washingtonpost.com/busi...pping-up-market-whether-it-needs-help-or-not/

 

[RedDuke]

If it came down to it where the feds magic tricks weren't working, which would be quite a shock, one magic trick which would work indefinitely would be the fed buying stocks directly....and yes that was brought up during the collapse last year. That's how sad this market has become, that 97% of the market is now the fed....

but what alternative they have now???? They bailed everyone out over and over, buffet was allowed not to mark to market his derivates and etc.

the ship has sailed for normal price discovery. But with unlimited reserves they will keep a game going for a very long time.

look at cryptos, tethers pushed BTC to 1 trillion market cap and it is just a bunch of geeks, and we here talking about might of US government.

Forgot the handle of that guy who was talking about not having a “seat at the table” but knowing the game. He was right after all.

 

[S2007S]

No top...spy only go one direction. A fucking comet could be days away from impacting earth wiping out 80% of all life and SP would gap up.

Hostile aliens could land a fucking space ship on top of the whitehouse and SP would reach ATH the next day.

bull has morphed into honey badger and honey badger don’t give a shit...it just keep on moving forward no matter what.

If a worldwide pandemic cannot stop wallstreet..... absolutely nothing can. This past year was the most proof we have ever witnessed out of any time in our history of man kind that proves no matter how great of a gigantic economic impact the world can witness nothing can stop equities from rising.

 

[RedDuke]

If a worldwide pandemic cannot stop wallstreet..... absolutely nothing can. This past year was the most proof we have ever witnessed out of any time in our history of man kind that proves no matter how great of a gigantic economic impact the world can witness nothing can stop equities from rising.

Pandemic did stop Wall Street, but 10 plus trillion is no small change to fix the “problem”.