Bad Week
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I almost feel targeted. Still holding those 600 calls for next week. Maybe they'll pay out. Otherwise, Monday is a fresh start. Got my money bag and lighter ready. 💰🔥
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Benefitting you with my bad trades. Did you profit today? I did that! Don't pay for knowledge that is available, free.
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Khop2130 : wtf
Sumgai : Ya, good luck and good investing for next week.
doggey : brother use stop loss
Gen Xeno OP Freshand3asy : I realize my sarcastic humor is very dry and difficult to identify in text. Nonetheless, thanks for the pick-me-up.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Zentz4all Freshand3asy : i was just gonna say that haha... did a dbl take, like wait...250 !?!... at 566 ? haha... yeh no target, just poor choices ...ATM top and bottom ticks, or dont play spy bud, it always eats the unaware
Zentz4all : oh btw... yeh it works ... that said market kinda sucked this week
Gen Xeno OP Zentz4all : These calls are a month old. It was a long range play.
Sumgai Gen Xeno OP : I have a question. I’ve been looking at the daily, weekly, monthly and quarterly charts. It looks to me that the rally may be running out of steam soon and the trend’s going to reverse.
Maybe not this week or next week but I suspect within a month. What’s your opinion on this?
Gen Xeno OP Sumgai : Honestly, I'm surprised it has lasted this long. But "markets can remain irrational longer than you can remain solvent." I really don't know what to expect. I think it's only a matter of time before we see a true bear market, but the question remains: how much time? Some think 4-8 weeks from now the effects from the trade war will start to show. Also, the government workers who were terminated by DOGE are either still being paid, took an early retirement, or have been given a severance that will last several months. The effects from this will thus be delayed. Small businesses are really going to suffer. Employment in that sector is already shrinking. Where are these unemployed government workers going to work? I believe unemployment is going to shoot up. Consumer spending is going to drop significantly. They're talking about doing another big (inflationary) stimulus. We get a lot of stuff from China (not just junk), but those ships have stopped coming. Shortages: also inflationary. Simple supply and demand. I don't see this playing out in a positive way for the average American. Of course this is also global. Even if the white house comes out tomorrow and says, "New plan! No tariffs!" the damage has already been done. We may see upside for a while, but inevitably, I believe we can expect the market to drop.
What are your thoughts and/or expectations?
Sumgai Gen Xeno OP : I agree with you. The effects are not good. I’ve also taken a look at the chart. Maybe TA doesn’t work in the short term but the price suggests that the momentum of SPY price increase is going down. But the MA20, MA30 have been crossed. That leaves MA90 at 575.
I can’t say for sure, but if 575 gets crossed and maintains momentum, I’m staying out of the market. But if 575 gets bounced off or it falls back down to 575, I’m going to buy long term puts.
At this moment though, I suspect the SPY will keep going upwards. I wonder if you have the same thoughts.
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