Blake

Sci-fi writer finished with two books and seeking publishing. Video games, reading, writing, programming, stock trading, God. #theuniversecode for book tweets.

[Blake @Blake33x]

New pinned tweet. Not as convoluted as last. I trade short term. Short term is higher risk and more difficult. Long term is a luxury and easier. Imo those are the two divides of fintwit; know what you follow. I'm still on trader journey doing my best.

[Blake @Blake33x]

Out of everything going into tomorrow except small $MSFT call position. Traded $PLTR all day today because it being down at 128 is almost no risk bc support is so strong. Everytime it hits in 128s you can be pretty sure it'll be above 130 soon after and if it's not you don't lose

[Blake @Blake33x]

I think there will be a mini selloff last 10min of day $QQQ

[Blake @Blake33x]

The market the last two weeks has really got me paying more attention to my charts from a timing perspective. I always looked at major levels, but it's interesting switching to dif timeframes and seeing all kinds of small lvls hit/reverse, one timeframe confirming the next $QQQ

[Blake @Blake33x]

In $PLTR friday expiry and next Friday close to the money. This could pop to 140+ next week pretty easily I think. The large green candle the market just got set it back to its 130-134 range instead of 127-130. With that the chart looks pretty good on daily for a large bounce.

[Blake @Blake33x]

Take on market this week is profit taking and a likely 50ma test. I think it'll rebound once hit, probably not as large as we've become used to immediately. While this happens many stocks will be testing a low as well. $QQQ. I took $AMD 400 puts jun18. I think it tests near 50ma

[Blake @Blake33x]

CPI tomorrow at 5:30am EST will determine if we have a big green rally or drop again. If it's bad $QQQ likely dropping to 200ma by end of week (but could be sooner)

[Blake @Blake33x]

Made back some on the rise after the large drop but still minor red. Hit the bottom perfect. Going into tomorrow I have mostly short expiry calls, minor puts. Many gambles at a big relief rally. Main real position is large close to the money $PLTR at 135 for next week. $NVDA $QQQ

[Blake @Blake33x]

Market not likely recovering anything today unless some big news hits, so will be buying close expiry calls for next Friday near end of day. $QQQ

[Blake @Blake33x]

Sold everything about an hour ago after market started to drop. Saw it extending. I held only July calls. Market is pricing worse CPI print for tomorrow, so if it's inline or better market should rise sharply. This drop should provide good close expiry trades, so got out of July

[Blake @Blake33x]

@joseftrades I know what it implies. Red days are often large and fast, green not as much. I don't like the saying though bc it doesn't make sense. Even after a large red day, or series of them, that's when green days get just as fast. Stairs up, elevator down, elevator up is more precise

[Blake @Blake33x]

@joseftrades Not sure what that means. If you only trade indexes then sure (but not really even then), if you trade tech like semis, memory, etc it's elevator up elevator down

[Blake @Blake33x]

@joseftrades Individual stocks actually participating in this rally look different on daily. Many didn't even take 1 candle out, or closing low is same as like 2 days ago

[Blake @Blake33x]

I contemplated rotating and doing some plays on boring things like $COST $CMG $PEP $KO etc, but chose to play for a tech rebound from low support on some of the tickers that didn't participate much in rally $PLTR $NOW $TSLA $CRWV. Safety rotation might happen but don't think so

[Blake @Blake33x]

Also picked up some july $TSLA calls. With SpaceX soon never know what could happen, and I think max pain for $TSLA is like $360 if no really bad news so good risk/reward from here. It's not a ticker that ran up with this rally

[Blake @Blake33x]

I have $NOW positions as well as $PLTR. After this week $PLTR looks better, it's pretty much at max pain. $NOW looks like it has a little more downside until reverse, maybe 105ish. Due to my current positions I'd prefer it not do that, but not adding more.

[Blake @Blake33x]

Made a decent amount on puts near end of day, couple hundred percent. I didn't go into today with puts, but looked pretty dead so hopped in late and hit 2 of the more minor flushes. $QQQ

[Blake @Blake33x]

Buying various $PLTR calls, some june 12s, some june18s, mostly July. I think this raises back up pretty quick. The resistance it broke through at 137 was on 2x 3x volume while drop last 3 days is low volume and only half volume of normal today. Support not invalidated.

[Blake @Blake33x]

@randy_S321 The last 3 day drop has been lower than normal volume, especially today. The green candles are 2x 3x volume. Confident this'll be back to 150s pretty quick.

[Blake @Blake33x]

Accelerated selling into close most likely. I'll be buying some things for a rebound next week in about 30minutes. $QQQ $PLTR