$SPCE Big breakout yesterday.. currently consolidating. If market behaves, I still think this could head toward $3-$4 range in the near term. This stock has a history of getting wild.
$BABA looks like it may have finally put in the bottom. Daily MACD curling up. Double bottom this week, hammer yesterday. Fundamentally cheap as well. Could be a good one for 2024.
$SPCE is really giving that look like it wants to take that next rocket higher.. Last I checked, the float was 20% short. A break of $2.35 could set it off. Most of FinX doesn't even have it on their radar yet. Still very early if we get the next breakout here.
@data168 Watch out for $SPCE 20% short last I checked. History of some crazy runs.. not to mention they have $1b in cash and market cap is just under $1b.
$SPCE Sellers are trying to prove something in mid $2.30's. Brick walls being put up on the ask. To me it seems likely they'll run out of shares to sell to the strength of the buyers.
$SPCE is really giving that look like it wants to take that next rocket higher.. Last I checked, the float was 20% short. A break of $2.35 could set it off. Most of FinX doesn't even have it on their radar yet. Still very early if we get the next breakout here.
I've looked through the last 30 years of candles on the S&P 500, and found nothing remotely comparable to the unfilled bull gaps last month. Incredible strength and snowballing of buying. Will any of these eventually fill? A breakaway gap can go unfilled, but 3? π§
$SPX $SPY
Markets will never move the way everyone expects them to. With the amount of bearish tweets over the last several days (including from me!) it actually wouldnβt be surprising to see stocks say F U and keep rallying until the crowd thinks theyβre going up forever.
$SPX $SPY *might* finally realize oil is falling off a cliff, gold is surging, lumber is dropping, treasuries are getting bid, jobs are being lost, and the consumer is weak.
$SQQQ $QQQ these calls are doing well so far. The thing I don't like about playing downside is the majority of the time indexes are up, and overtime they are always up. So it's temporarily going against the grain of the market.
Taking some $SQQQ Dec/23 calls here. Short-term try anyway. Market just a bit too bulled up in my view and needs a rest. Willing to be wrong of course.