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A Big Cap stock is NOT supposed to go up 70% in a day.
There has never ever been a market like this in history.
I also don't like the #Goog chart here.
May end up like FB.
Are you ready to meet $GOOGL at $275?
Earnings on Oct 28. Probably strong numbers.
So were Meta's. The stock fell ~8%.
Alphabet reports with the same AI capex questions and a death cross on the chart.
馃搲 Price lost the $340-350 zone, which is now resistance
馃搲 Death cross just printed: the 50 MA slipped under the 200 MA
馃搲 Next real support is the $275 range low, about 14% below $320
Will you buy $GOOGL after earnings?
馃煝 Yes, on the dip
馃敶 No, too risky
My moves.
My small cap trading game is back I've been making $.
I'm cautious on Monday but ready to trade stocks for bounces if the market does trade strongly.
I'm going to buy
S&P funds for the rest of the year by Friday at the latest.
One of the most important weeks of the year for trading the market is coming up.
May be the last most important of the year.
Are you ready?
Do you have your plan in place?
I'm playing it very cautious going into Monday.
But if the market bounces higher and trades strongly I would see that as a Bullish sign and maybe that the recent lows will hold through the big cap tech and FED meeting on Weds/Thurs.
We could have a very bad Monday because there was like yesterday NO BOUNCE today.
So If the market opens down strongly that would be a bad sign.
If the market opens higher and does well that would be a life saver for the week.
No bounce at the open yet.
Most likely Margin calls going on.
For those in stocks like $CRWV.
If you are margined you're in trouble.
The system trade did well if you bought the $SPXU on the break below the 50 sma yesterday.
But this is a volatile market and if it bounces that could gain could be lost quickly.
So far most of the tech stocks that I've been trading are down a little.
Only $INTC is up a bit.
So I'm still only watching.
If the market doesn't bounce then that's all I do.
$META soared to $750. after earnings on Wednesday.
Then closed near yesterday's low of $639.
No bounce at all.
Just sell on the great news.
If you mostly trade stocks long like I do.
Theres times when the market is easy and there's times when it's not.
Yesterday was not easy.
Stocks fell and there was no bounce.
Not a great time to be trading but It should get easier when we get out of Oct.
I lost $ on $META last night on a short term trade.
$1.00 a share.
No bounce at all.
In this situation I'm hoping I get bounces on Big Cap tech stocks.
No bounce and I don't do well on the trade.
Right now I'm just waiting for the next bounce whenever that comes.
This is one situation if you are trading big caps long.
If you can't watch LIVE you better have a hard stop because if we get another big down day you could get hurt.
They must be all working together.
All the market whales.
How is it possible that after all the volatility yesterday that nothing is moving at all today.
They must be communicating their plans with each other.