For the second time in 6 weeks I saved a neighbor from a fire.
6 weeks ago my next door neighbors generator caught on fire and almost burned down both of our houses.
Yesterday, the electrical box that services the neighborhood which is in an easement in our backyard caught on fire. The arcing ran a current to our boxes and melted them on ten side of the house. This fire here grew 10X in 5 minutes.
Our house is fine but we won’t have electricity or internet for 5-7 days. We are going to lose our 100 year old oak tree, which is the worst news of all.
2026 has been the most challenging year of my life.
At least this was one of the best weeks I’ve had in the market all year.
Things can always be worse!
$MU is down -30% from this year’s ATH, but still up 900% YoY, and all the sudden everyone is saying the memory cycle is over.
Sure, a healthy correction is much needed.
Fundamentals tell you what to own, and technicals tell you when to own it.
$MU is a great example of how many people don’t understand fundamentals. The same people hated it at $400, and we know how that turned out.
Let $MU form a bottom and rebuild some relative strength. Patience will be rewarded.
Got a pretty good source telling me that more than one firm is getting blown up, and this has been in the making since the April/May squeeze. Could be a gnarly unwind.
Seems like it’ll be the biggest blow up since the meme saga.
@brent_e_trader I’ve been saying this for awhile that I believe someone has been underwater since the May squeeze and could be why the market is all jazzed up
@flacko and I have a funny lore, and I’m glad we do because I connected with a great person.
What he’s doing in the trading community deserves more attention.
He does a great job with curating data and he’s worked AI into his process more than anyone I’be come across in the community.
He’s an awesome swing trader and does a great job of navigating overtaking conditions to catch multi-week trades. He’s had some awesome winners this year.
Everyone in his community is super chill too which I think is important.
Definitely recommend. Hope to see you there!
Know thy levels. Bought the news and sold the news on TSLA. Down to runners on puts. No stress of swinging a position.
It’s a shame put traders took their profits yesterday not realizing that every TSLA event is sell the news.
Let’s see where we land next week.
Here’s my pivot point for $TSLA going into next week.
My key level of $368 + LTF channel bottom + 21d are all creating a convergence point.
A close below today, can bring $345-$355 next week.
I started a small position for December calls yesterday at $355, and will cut them with a close below.
@TheProfInvestor Something I’ve been thinking about. I wonder if we will start to see names quietly recover while the indexes correct. Gives the illusion of a weak market keeping people from participating while individual stocks start getting bought up. 🧐
@For3Jordan1 No no it is not, but glass half full, good risk reward to go long and build out a multi week position between $347-$355. It’s a clear pivot point to so can make a quick cut if the bottom starts falling out. Next week will tell us more since OpEx is today
@Alhajerycom@HolySmokas You really don’t think these eh go wrong principals can’t be applied in other areas? Are you even aware of the engineers principals applied?