I've decided to get rid of premium on @X so I won't have the blue checkmark soon. I just don't know if i see the value in it. Does anyone else see a lot of benefit from having premium?
The last time $MSFT closed under the 50sma on the monthly was around Sept 2011. Yikes, it might do it this month. Not a good sign. Look at the white rectangle waaaay back to see
BREAKING: President Trump says the deal with Iran is “now complete.”
“I hereby fully authorize the toll free opening of the Strait of Hormuz… let the oil flow,” Trump says.
Many are asking why is SpaceX, $SPXC, NOT trading yet?
Here's exactly how the IPO process works and when the shares will be available to trade (Bookmark this):
The IPO was quoted at 9:50 AM ET and was expected to begin trading at 10:00 AM ET, but that does NOT guarantee shares will trade at that time.
Before trading begins, Nasdaq must complete a price-discovery auction where buy and sell orders are collected and matched.
At around 9:50 AM ET, "first indications" came out which are essentially a "gauge" of where the stock will open.
The first indications on $SPXC came in at $175/share, or a ~30% premium to the $135/share IPO price.
During this process:
1. Orders are entered, but no trades occur yet
2. Nasdaq continuously updates the indicative opening price
3. The opening price is adjusted until supply and demand are balanced
4. Only then does the opening auction occur and the first trade print
For major IPOs, delays are common such as Google in 2004 and Meta in 2012 which saw their first trades over 2 hours after the US market opened.
We expect the SpaceX IPO to open for trading within the next 60 minutes.
Buckle up for a historic day.
I'm sure glad I'm not long with leverage over the past week or so. I'm down on my holdings but at least I'm not down on margin. Always need to think positive! haha
I can see myself stopping on quite a few stocks tomorrow if there's another dip after today. I'm watching some levels on $SPY, support line at $749, 20ema at $743. Hoping those levels may provide a bounce
Managed to catch $ASTS from the mid $80's and just noticed it broke all time highs. I've been selling on my way up and have about 1/3 left. Let's see what's next for this guy
When I say I’m looking for “coiled” price action, what I’m really referring to is tightness on the chart.
Names like: $ON, $LUNR, $CRCL + $AFRM.
…are all good examples of what I’m watching as I head into today’s session.
Tight ranges, volatility contraction, repeated higher lows, sellers getting absorbed near key pivots, and price respecting the 9/21EMAs instead of completely falling apart. That’s the type of action that usually grabs my attention because strong stocks often tighten BEFORE expansion!
Think of it like a spring...
"The tighter the coil becomes, the more powerful the potential release once momentum returns."
Compression creates opportunity.
Charts: $ON, $LUNR, $CRCL & $AFRM.
Can $ASTS get over the trendline and start working? Started in this in the mid $80's. I'm sure now that I've posted this, it will drop instantly and I'll be stopped out haha