Notice around Oct 2023. But the last few times $MCD has been in this area, it saw a rally towards 300 over the next few months. I am buying a lot of call positions for Jan-June 2027 plus another 50 shares. Most of the negative sentiment is priced in for investor day. Its possible we see them try to flush everyone into the low 240s but I would just be adding at that point. The RR here is huge.
I can’t believe how many people on here were talking about a big downturn this week. Could the market get rugged, sure. But everything pointed to going higher first $QQQ $SPY
If anything major would come this week it will be from china or UN meetings.
Funny watching people posts on here the last few days listing every possible scenario for the fed day and after. Then they will go back and share the one that is correct so they look smart.
$SPY $QQQ
Wow.
I've gotten multiple requests for some stats on NVDA, because they report earnings this coming week.
What I have to show you is actually quite amazing. So amazing, that we must set some ground rules before I share it with you, because you are an idiot.
[1/3]
So no one is confused. This is of households who actually own stocks. Markets near ATH in one of the greatest bull markets with the most information online. More people using leverage. Long term investors 10,15,20+ years in are compounding fast.
So don’t take the misleading headline as if you’re behind.
BREAKING: The median value of US consumers' stock market investments is up to a record $350,000.
Investments include single stocks, mutual funds, and retirement accounts such as 401(k)s or IRAs.
This figure has more than DOUBLED over the last 2 years.
Since January alone, the median value of these stock market investments has surged +$150,000, or +75%.
To put this into perspective, before 2024, this value never materially exceeded $150,000.
Asset owners are winning.
$QQQ is down in the premarket to my area of interest to go long. I will close my 708 puts I had for Monday and start to look for a set up. If it falls below the 20 day into the gap then we are looking closer to 700.
$MCD This trade is going well so far. Up about 30% in the Jan 300 call and the 280 leaps might get into the money here soon. I expect some resistance 280-285 area. Eventually it will be back to 300 as investors seek dividend payers.
Cashed in on put sell. Holding 100 shares which I’ll write CC on.
Entering $MCD call leaps 280 for June 2027 and 300 for Jan 2027. Adding heavy shares to also sell some CC.
Look at the macd weekly. The last time is was this far below was covid.
$QQQ I am looking for another squeeze up to end the week or at least test the highs. As long as the data tomorrow comes in fine. CPI next week could be the catalyst for a bigger pullback to start( if there’s signs for a fed hike)
@market_sleuth It’s everywhere now, nearly every industry. Social media has become a place where we just repost people’s thought and harass them, or give some “opinion” to why they are wrong.
@Basssem666 I cautiously added calls on Qs to test the highs and squeeze again into the weekend. As long as data is fine tomorrow, the market will just worry about CPI next week middle of next week.