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Post by kingfisher on Jan 31, 2024 12:42:24 GMT -5
Treasury is set to issue $42 billion in 10y notes next week...good bye rally
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Post by dino on Jan 31, 2024 12:46:32 GMT -5
My take on miners in general is that it was simply a crowded trade. I don't think anybody was talking about MARA when it was in the 7s. It went from 7s to 31 in 9 weeks. If you like when it goes up that fast, you have to respect it when it goes down fast as well.
And I agree with Mist, all those technical patterns are on very long time frames. So a couple bad weeks doesn't necessarily change the overall picture.
For example, the smart play was to stop out on MARA at 20ish because it was unknown how far low it could go once it broke. But if it gets back above 20 and holds, one could argue that big iH&S pattern is still in play because in the grand scheme of things you're only talking about a couple, maybe three candles below the neckline. When you're looking at weekly charts, that's not much.
My 2 pesos
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Post by dino on Jan 31, 2024 12:50:48 GMT -5
Another example...
(Be eye tea eff) seems to be flying under the radar. Not a lot of volume, had carnage with the rest of the miners but not as much, and... Never broke its technical pattern. It still looks wonderful to me. So I never stopped out on that one, I've just been adding.
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Post by chitown97 on Jan 31, 2024 12:54:42 GMT -5
9200 shares RAIL available under $3 I'm already at 80k... waiting for $50/share day
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Post by kingfisher on Jan 31, 2024 13:03:14 GMT -5
Im waiting for $6 to sell a chunk...then holding for $15
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Post by skib on Jan 31, 2024 13:10:25 GMT -5
sold all my UVXY AT 7.76 .. it was time. thanks for the memories. at a loss. what did you expect? sold all MARA at 18.80 at a gain. what did you expect?
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Post by chitown97 on Jan 31, 2024 13:16:20 GMT -5
Im waiting for $6 to sell a chunk...then holding for $15 $6 is also good I have 50k shares in trading at $2.52 and 30k shares in IRA at $2.80 I can hold the 30k shares for another 10 years I guess
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Post by lasvegas77 on Jan 31, 2024 13:32:15 GMT -5
really gotta watch for those fake breakouts on mara. they love to ramp up to break out and then let it go down afterwards. We will see what happens later but certainly got resistance at the highs of yesterday levels.
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Post by clinton on Jan 31, 2024 13:38:42 GMT -5
He says watch regional banks New York Community Bancorp (NYCB) faced significant challenges on Wednesday, with its shares plummeting by over 40%, prompting a halt in trading. Currently, NYCB shares have experienced a decline of just above 36%, trading at $6.61 per share. Last Year’s Banking Fears Resurface as NYCB Faces Harsh Earnings Reality Financial challenges have resurfaced
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Post by lasvegas77 on Jan 31, 2024 14:05:44 GMT -5
bought more VOO and MGK on the big drop
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Post by skib on Jan 31, 2024 14:10:01 GMT -5
i am feeling adventurous . picking up some RAIL
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Post by theMist on Jan 31, 2024 14:20:19 GMT -5
Man do I love how that crypto token trades
Completely ignores rest of crypto market, stock market, FED
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Post by lasvegas77 on Jan 31, 2024 14:26:17 GMT -5
Mara is one nasty woman
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Post by dino on Jan 31, 2024 14:33:47 GMT -5
Oh, she's harmless. You just have to know how to talk to her.
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Post by lasvegas77 on Jan 31, 2024 14:37:27 GMT -5
bought more Ether added more FBTC
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Post by dino on Jan 31, 2024 14:46:27 GMT -5
See lv - I just told her you really didn't mean that she was nasty. I told her that you didn't know that she is just a product of her environment. I think she responded well.
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Post by birthmark on Jan 31, 2024 14:58:50 GMT -5
Oh, she's harmless. You just have to know how to talk to her. LOL Dino. Amazing what some smooth talk can get you!! Throw in some flowers and chocolate and we're off to the races!! GL
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Post by clinton on Jan 31, 2024 15:08:11 GMT -5
sold half TZA
sold SARK +.80
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Post by theMist on Jan 31, 2024 15:14:56 GMT -5
Sheesh LV
I leave for a little bit and this is what you do to the markets?!
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Post by lasvegas77 on Jan 31, 2024 15:18:00 GMT -5
Sheesh LV I leave for a little bit and this is what you do to the markets?! LOL. I'm sorry Mist. Mara and I broke up again.
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