I would be interested. Thanks for your input, and if others had listened they would be more up than down.
do you think we go up much more? you had said 10-15 pts about 10 pts ago...you know better, but to me I don't see how anyone would be short now....everything is bullish so I assume spy going to go to 209-210?
kudos on your calls. I have to say quite effective, for those of us trading cash market it's a bit harder since it seems that tops and bottoms are always in es...
Do you think this is all distribution though? and we may be putting in a top? tomorrow another down day then an up?
It's meaningless...this is a charade...only proves that this is all robbery...there was nothing good in the report and a few pennies of earnings difference is nothing for a company that has a PE of 500 and guides downward even with that earning.
most of the time, inside days are continuation patterns. and the harami is under resistance, so more indicative of continued move...but you may be right still...we have had 2 days in a row with premarket heavily green...I wouldn't be surprised if we have a "blow off bottom" tomorrow.
there you have it, bring amzn high enough to make shorts cover, and if they don't take it higher still...even if earnings are a sham, the company declares bk, they will prob take it up..
we should but either too many put buyers or MMs in love with amzn will prop this up. All recent amzn endeavors have been flops and there is little to justiffy current PE. Retail is suffering and baba will give enuogh competition...but they may wait until all shorts are out of their put money before taking it down.
IMO this is just the MMS unloading all the shares they bought the last 2 days to prevent amzn collapse
You need to get a grip. All ur predictions are wrong. Pepsi is old news tomorrow... Markets and opex manipulation may take it higher but amzn broke a massive support.may consolidate but i dont see it going much higher...
it has been very resilient with 320...I guess it's just one of those stocks that should go down but won't cuz every one is short
I still am bearish although this was a strong bull day. Spy is below 50, spx closed under the trend line, although over the 50...vix was way up too which is a bit curious.. But u have bren right much more than wrong so i may be covering soon !
Who is buying at these levels? And when is overvalued actually overvalued? I went short fri via puts but too early if we go lower here i dont see it going higher ... But once everyone starts to get short they take it higher each time