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I am beginning to believe that retail FOREX brokerages are scams. Even brokers that advertise NDD with STP are still using LPs to perform ad
Tech Leaders Are Setting Clear Decision Points
Feb-Mar Liquidity Issues & Preemptive Signal Monitoring
Feb-Mar Active Liquidity Crunch Monitoring Checklist
SP500...real bear starting or just another shakeout?
"Nifty broke the 200-DMA and then chose violence. Here’s the data."
S&P500 currently trading below it's 50 DMA. If it closes below 50 DMA what do expect for next week?
$CRCL Short Case: Primed for a 15-20% Drop by Halloween
Is the Street Desperately Trying to TIME the Most Powerful Golden Cross to happen for BlackBerry Stock?
Thanks for BYND, WSB! ~!$2700 gain on ~$700 account (repost, wrong flair and content previously posted)
$PCSA - Why we went down, why it is ok, and why you should stop panic selling.
AAPL - Playing the Long Game (Not Just the Hype)
Top 5 Deep-Dive Watchlist: Dates, Floats, And Cash-Flow Stories
SPANISH BROADCASTING SYSTEM (SBSAA) - EXTREMELY UNDERVALUED, STOCK WILL EXPLODE
$REI Ring Energy - Bullish Trend Just Confirmed
Post-ER Shakeout = Gift: Bullish Wedge, Mid-$5s Target + 21-DMA Cross Point Up
[TSLA $317.5C 1DTE] 48 Contracts +142% Yield. My setup and plan for next week.
48x TSLA $300C overnight YOLO — +142% …and I’m just getting started
Kiddie Pool Sized Float - Olympic Sized Potential
$SPHL Springview Holdings Bullish Setup🚀
$NCNA we have too little information about this stock?
$BIVI--Up on Big Volume- $DATS-- Filled the Gap-- $RCAT--Reversal Over 200 DMA Three Stocks Hitting the Scans
US calls EU fines on Apple and Meta 'economic extortion,' that will not be "tolerated"
Meta, Apple fined 700 million euros for violating EU antitrust rules
Looking Back to the Future: $DUOT, $SING and Newbie: $SKYX
$BA Boeing levels -- where the bones in my ancient tortoise shell say price may bounce to the moon
DD: Scary Fast to a Recession Next Year
Mid-Month Technical Analysis Review of SPY QQQ IWM
Why I believe Apple's stock buybacks are misallocation of resources.
Trade Journal & Technical Review of September + Look Ahead for October
Rivian (RIVN) Up Over 5% & Closes Above its 5, 21, 50 & 200-DMA!
Technical Analysis Snapshot so far of September 2023
Is DCAing better than waiting out using a simple rule?
Watch Deutsche Bank (DB) - today's factory orders sending a signal of more trouble to come
Reasons other than IV that cause a skew in ATM prices ?
Wall Street Week Ahead for the trading week beginning August 14th, 2023
WOW, NVDA 2 weeks from their earnings at 420!Bespoke posted the below chart
Rivian kissed the 200 DMA yesterday and closed at some old resistance. If it closes above these lines today, looks like it's gonna climb.
Morning Briefing 🌞 June 16th 2023
$DTSS bullish break above the 50 DMA yesterday
Sometimes it really does feel personal.
$OLB, $MIGI, $WULF, $RIOT, $MARA--Rebounding if Bitcoin rebounds after selloff last week
$SOBR chart, reversal confirmed watch for break of 8 DMA today
$DFLI beautiful double bottom chart
MARA ($MARA) stock price prediction: MARA ready to break $10 threshold?
The Bullish VIX Reading That I Called Out A Couple Weeks Ago Is Signaling Buy Again!
The Bullish VIX Reading That I Called Out A Couple Weeks Ago Is Signaling Buy Again!
The Bullish VIX Reading That I Called Out A Couple Weeks Ago Is Signaling Buy Again!
Good morning 🌞 my fellow $LLAP 📡 🛰️ bulls. Just a friendly reminder 🚨 that there is HUGE 🧐 open interest in calls, and shorts 🩳 🔥 who got gapped up on are still under water and posting hate online. 20 DMA bounce and MAC D goes green today.
Wall Street Week Ahead for the trading week beginning March 6th, 2023
Disruptive search engine tech with a massive IP valuation in the $B's trading under 25 cents a share (BBLR) Looks like she could run!
BBLR I have a feeling this will be a big one. Looking at the chart and recent IP/Patent valuation I think you will feel the same way.
Latest from Charlie McElligott on Equities, CTAs, Volatility & Skew - FLOATING IN THE ETHER
Latest from Charlie McElligott on Equities, CTAs, Volatility & Skew - FLOATING IN THE ETHER
Latest from Charlie McElligott on Equities, CTAs, Volatility & Skew - FLOATING IN THE ETHER
Charlie McElligott's 2/21 Desk Note - FLOATING IN THE ETHER -> Thoughts on equities, CTAs, vol & skew
Nomura's Charlie McElligott 2/21 Desk Note -> FLOATING IN THE ETHER (Equities, CTAs, Vol & Skew)
Nomura's McElligott on Vol, Skew, CTAs & US Equities Levels -> 2/21/23 Desk Note
$QQQ 2-hour chart looks set for an open below the 13 SMA and the 8-DMA. We could be set for a fall toward $296.
Technical Analysis & Trades: SPY QQQ IWM // TSLA CHTR UNG AMGN
Technical Analysis & Trades: SPY QQQ IWM // LVS UNG PFG AXP WBD K KHC
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Daily Review: Technical Analysis of SPY IWM QQQ
Late Week Catchup: Technical Analysis of SPY QQQ IWM
Jan-13th Wrap-Up: Risk-On & CTAs Buying... But SPX Earnings Revisions Point to Hard Landing...
Mentions
Or you can wait around 50DMA at 355is. Remember after a big drop there should be price consolidation zone where the price should go choppy sideways for few days before people to feel confident enough to deploy their capital.
ya not pretty cant reclaim the 200 DMA
The hot cashier thesis is fundamentally unassailable, and I will not be taking questions. But actually, the options data backs you up on the Jan 2027 leg — long-term sentiment bullish (+3.5), PCR 0.63 showing heavy call buying, expected move ±$23.73 meaning $130 strikes are very much in play. Bouncing off 200DMA with 3% up today is a clean technical entry. The June $117 calls are the scary ones tho — 9 days, needs 4%+ move, short-term sentiment is actually bearish (-3.5) with PCR at 1.50. Max pain sits right at $113, which is exactly where you are now. Long thesis is solid. Short-dated calls are a gamble. Good luck! https://preview.redd.it/xkxdc15j245h1.png?width=2880&format=png&auto=webp&s=10ceec45f5bf553cda9e7f091f8eb211e6dd4715
We know the insiders are selling. GOOGL is even selling shares. Who is actually buying at these insane valuations? I get the debasement thing but seriously this shit is wacked. Parabolic moves with stocks 6-10 standard deviations above their 200DMA? wtf? Every hot tech stock immediately gets a 3X leverage ETF? I guess we'll know we're getting close when they all start announcing stock splits and the retarded people get their last gasp to get in. smh
S&P 500 & QQQ made new ATH’s today yet not one Mag 7 stock did. In fact, 5 of them closed below their 5, 10 & 20 DMA & 8 EMA.
You’ll be able to buy back in on the retest of the 200 DMA. It’ll pull back to it and bounce back to the upside.
Added to $SONY as it bounced off its 20 DMA. It looks like the market is selling its crude oil hedge & buying Gold as a hedge today. I will admit I was pretty damn nervous BTD in $PHYS Wednesday morning but when nothing in this market seems to make sense I like to BTD in Gold.
Investing is NOT done through apps or an app developer. It's done through a broker which is regulated by the jurisdiction where they provide their services. If you plan to use some random app - you ought to be aware of the risks. What country are you in? If you want access to the African markets and you are in the US - Ibkr is the only regulated retail US broker that I'm aware that provides access to the South African stock market. I don't know if any other US brokers provide DMA to any other African market. Countries that you mentioned - Ghana, Egypt, and Nigeria have capital controls in place. So I don't expect that you will find brokers outside of those countries to offer access. So - if you identify a company that you want to invest in - you may have to open an account in those countries or do some sort of private placement.
NXE looks like it may bounce on the 200 DMA at around $10.06. Left a comment as what a fantastic stock picks you have.
I'd say look at recent tech-y IPOs like Coreweave - that took 20 days to pick up, but it also coincided with the April 2025 liberation day crash, once 20DMA was in, it took off, absolutely parabolic and booked about 350% + in gains, then sold off. Given that Musk is acellerating it's addition to the Nasdaq funds in something like 15 days post IPO, that might be an even more immediate parabolic run-up. I'm not sure. But I think the really short runway plus the very thin public share float is going to do something...don't know what, but there's so much energy behind this IPO. Similarly, Cerebras, an AI-linked tech name that IPO'd in the last week, there was an immediate selloff from shareholders, went from $386 something to $270 something, and it's still looking for it's footing, 5 days post-IPO. Don't quote me on any of this, just making observations. All that to say, I have no idea.
The Customer Priority rule mentioned upthread is specifically an exchange level rule at ISE, CBOE, BOX and MIAX. It gives Priority Customer orders price and time priority at a given price level over Professional, Market Maker and Broker Dealer orders. It does not force any MM to take losing fills. The rule exists because exchanges want to subsidize retail flow to keep their PFOF and rebate ecosystems healthy. On the single lot priority observation, that is not a rule, it is auto quoter behavior. MM auto quoters typically do not pull or reprice on 1 lot prints because a single contract is unlikely to signal informed flow. A 5 lot print at the bid will trigger most auto quote logic to refresh, which is why your 5 lot order sits longer than your 1 lot. The threshold varies by underlying but for SPY and QQQ it usually sits around 3 to 5 contracts. If you actually want PC priority routing, you have to flag the order as Customer at a venue that respects it. Some retail brokers do this by default through SMART or IBKR routing, others route to PFOF wholesalers (Citadel, Virtu, Susquehanna) which gives you NBBO obligation but not actual exchange priority. The wholesaler will typically internalize and skip the exchange entirely if the order qualifies. Routing DMA to CBOE C2 with the Customer flag is the manual way to test whether your fills change at scale.
I still might add a small tax lot to $VXUS today, but I still have a lot of dry powder since I tend to be a bit too bearish for my own good so please take what I say with a grain of salt. Everyone needs a plan. I want to be clear b/c I know I trade too much w/ 10% of my port and I post those trades here. I am talking dry powder. I will only add more dry powder to my foundation of $VT, $VXUS, and $GLD once we hit fear or the 200 DMA.
I just have my list ready. I'm not smart enough to know what stocks to buy so I just watch the 200 DMA and pull the trigger on $VT, $VXUS, and $GLD when they are about to hit that level. I feel if it doesn't make you feel physically & mentally sick when buying, then there will be better opportunities to buy in the future.
Theta gonna eat and yeah, we're cruising pretty high above the 200 DMA....
Oh btw it's DMA you muppet. Don't look silly next time.
Not yet. You never wanna buy a dip (not even sure if this is one) while it's dipping. Find where it finds technical support on volume (my guess for MU is 10 or 20 DMA) and then buy the bounce back. Or else you will be continuously averaging down which is a no-no
History always repeats! A 30% pullback on a leading stock while the entire market corrects 5-10% is not new. We will see! Also 30% is a good pullback for me, but I wouldn't mind getting back in at 15-20% either. I think it will find support at the 10 DMA
whats the problem buying things near all time high? I cant even remember the last time SNDK traded under 10 DMA
Short answer - Yes. What you're doing is "reversion to mean" algo, but with leveraged. When things are "soft" in terms of DMA, you're swooping in, leveraged strongly. As long as you didn't sell, you didn't have to be right twice. So, this 'algo' will certainly outperform in a bull market, as every dip got a rebound. You can backtest this for 2020-2023 and let me know 😉
MU more than twice its 200 DMA. Only other time was 1995.
I bought $WEAT again as my hedge. $6/bu for wheat is about a 10% pullback from it's 2026 top and the Wheat fund bounced off its 50 DMA early today. I'm looking at what is up in my port and its all boomer stocks like Kraft Heinz, Conagra, Berkshire Hathaway & Gold. A higher DXY is gonna kill my World ex-US positions as well. I wouldn't be surprised if this market makes a sudden rotation into the boring boomer dividend stocks as well.
*SNDK is only $1000 higher than it's 200DMA. What are you doin?*
🌽 overbought and bounced off the 200DMA. Pump or dump, place your bets
SNDK could drop 40% and it'd still be above it's 50DMA
WDC sold its last shares at $545 and that was just in February. SNDK now 300% above it 200DMA. When SNDK starts its financial engineering and announces its stock split, That will be the beginning of the end.
Chart is interesting --building a base on near term support at 50 DMA. I have not checked for recent dilutive financings and warrant coverage.
I run every stock I evaluate through IBD ( Investors business daily). BULL has a relative strength of 18 ( out of 100) which means that 82% of stocks outperform this one. Stocks tend to make big moves when their RS is 85 or higher. At LEAST this is above its DMA's, but it's still pretty weak. On an A to F scale, I give it a C- .
There are tons of weak stocks to short. I wouldn't bet against TSLA. Especially with it trading above both its 50 and 200 DMA. Reminds me of guys shorting AAPL back in the day when I was trading 30 years ago.
It is a beautiful chart. It’s bouncing nicely along its 50DMA. https://preview.redd.it/dq0l1cogh5zg1.jpeg?width=482&format=pjpg&auto=webp&s=f9dceafc85ed06a0d044fa8e02cc44389c669edf
No one knows, but if you just wait & BTD on $VT, $SPY, or $VXUS every time they hit their 200 DMA over time you'll be ahead of 90% of the gamblers & DCA's bros in the world.
Yeah agree. Ill buy more on the first pullback to 10 DMA. It almost always respects that when on a run
I think the 200 DMA is a good general rule of thumb to think about trimming. At the same time, fund managers with yearly targets is a tough gig. Gotta be able to hold through multiple financial years
Software will be the next sector to go vertical clock it. IGV regained the 50 DMA for the fist time in 7 months, gapped up above it, then dropped back down on the retest and bounced HARD back above the 20 DMA. Textbook technical breakout, next stop > daily 200 at 101~. I bet we get there within two weeks or so.
Came across this on x/twitter >"SOX working on its 17th straight up day, an all-time record. It’s now 43% above its 200 DMA, the widest spread since June 2000. Of course into the March peak it got much more extreme at over 100% above its 200 DMA, but that was largely considered the biggest bubble in the modern era. Outside of that we are in extreme/unsustainable territory. 17-day rate-of-change over 42%. This is perhaps the wildest stat because it exceeds the move into the March 2000 peak. It is only exceeded by the move out of the Oct. ‘02 bottom, which came after an -80% bear market. So this is the biggest such move into a new high in the history of the semiconductor index."
Most likely. I doubled down on ODTEs. MAG7 are breaking down. SPY needs to drop below 200DMA in the next hour for a knife to happen.
The DXY short squeeze is over. The dollar is going straight down. Too many people sold & shorted S&P 500 based on politics so we now have a FOMO rally & short covering there too. The problem to many have is that they confuse the stock market with the economy. They are 2 very different things. So what are you gonna do? Hold cash with 4% inflation?? You don't have to be a sunshine pumping perma-bull to know that when $VT or $SPY is falling to its 200 DMA you might wanna BTD.
Your framework is solid, but it’s still mostly “stress indicators.” You’re good at spotting when something is wrong, less so at confirming when things are *healthy*. I’d add a couple of “confirmation” signals: market breadth (advance/decline, % above 50/200 DMA) and earnings revisions. If those hold up while your stress indicators stay calm, the rally has a much stronger foundation.
Boomer dividend stocks are popping this morning. AT&T is trying to recover 6 straight days of loses all in 1 day. I opened a position in Conagra. You should never buy falling knives under both their 200 DMA and 200 WMA. I also doubt their 9% divy last much longer. But, I buy their brands every week at grocery stores and Pepsi earnings this morning were very encouraging. The processed foods stocks have been way oversold IMHO.
HAHAHA. I sold out of $CAT at $713 thinking I dodged a bullet just to see it hit new ATH's 3 weeks later. $CAT and $DE are 2 stocks I just need to buy everytime they pullback below their 50 DMA and just buy and look at them later. I might wait for $DE to hit it's 100 DMA before adding since argriculture isn't doing so hot. But $DE has a huge construction segment too. All those Yellow Bulldozers at those data center construction sites aren't just CAT equipment. Deere construction equip is color Yellow too.
IGV is about to run to the 200 DMA and you’re about to miss out if you don’t full send that bitch. The first close above the 50 DMA in 6 months with a ton of volume, squeeze city motherfuker
MSFT please end the day above the 50DMA, pretty please
This is where I get hated on by both the bulls & bears for looking at charts. Just like I was called a perma bull for BTD the last 2-3 weeks, I'm looking at the $QQQ and there is heavy resistance around 610. We've already had 8 straight green days for $QQQ; I just don't see how it doesn't at least retest its 200 DMA of 597. I guess they did add WalMart to $QQQ a couple months ago. Maybe they could kick out a couple software names and add $CAT and $DE to $QQQ to stay above the 200 DMA. /sarc
I'm up over 8% on $VXUS and $EWJ, and over 6% on $GLD and $VT since buying the bottom 5-10 days ago? And these are indices and not stocks. We are way overdo for a pullback. Just wait until this place turns bearish again and buy & add more. There's no reason to chase here. The 200 DMA has been a great buy indicator for World plus US and World ex US ETF's. Buying $GLD when gold pulls back to $4400-$4600 has been a good buy indicator as well. I've been spending a little money here & there & buying this pullback in AT\&T; but I'm sticking w/ 90% EFT's. I'm not smart enough to pick the winners in this crazy market. Don't get too bearish, but also don't get too greedy.
I've actually seen SNDK commercials on tv. When have you ever seen that? If their products are sold out until your grandkids are retired why are they advertising on tv? SNDK is between 8-10 sigma above it's 200DMA. Somebody gonna get fooked bigly.
ceasefire in shambles tho.. I know tho, it doesn't matter to the bots above 50 DMA
I'm buying more AT&T here hoping that it will bounce off it's 200 DMA. Don't tell MutaliskGluon; but I plan to trade my remaining $TLT shares for AT&T and Verizon since I think the telecoms have better cashflows than the US gov to make their dividend payments.
don't short as long as /ES is above 200DMA boys
Since 2003, when SPY has opened above both its 50 and 200 DMA while closing below both the day prior has happened just three other times- 2007 , 2015, 2018 Those periods saw declines of -13%, -16%, and -13% over the next few weeks
If wallstreet didn’t buy it then we wouldn’t have closed above the 50 DMA on QQQ and SPY on a gap up overnight.
Yep definitely not a close above the 50 DMA on SPY at 674.88!
Holy shit this battle for the 50 DMA
Get ready, if we close above the 50 DMA on SPY this shit is going much higher. 674.90 is the number to close above today.
SPY is now above 200 DMA. Now, we wait.
So he pushes it back two weeks and what? Oil stays near $115 a barrel? Iran continues to destroy Middle East infrastructure? The inflation report will be awful on Friday. VIX is in a continued uptrend since the beginning of the year with increasingly higher support and the market keeps rejecting the 200 DMA. The positioning in options is bearish, but nobody seems to believe this thing could go on past the end of the month.
SPY going at it with the 200DMA huh
$SONY. The stock bounced off its 200 WMA 2 weeks ago and is retesting & trying to hold above its 20 DMA. I care less about their video game segment. I like Sony's music segment. I tend to believe music rights, distribution (both digitally & physically), and is extremely undervalued and is about to enter a new bull market. We no longer have borders due to streaming. If I like a rock n roll band from Korea, I can play that music on Youtube or Spotify. And people are willing to pay real money to listen to the music they want & like w/o ads now.
I timed the bottom in $VXUS. That was my biggest BTD. I bought at $74.45 and $75.39, both around 200 DMA. I'm more bullish World ex-US than World plus US. But I figured I need exposure to US stocks as well hence buying $VT and $IGV last week.
Well I opened a position into $VT at $139. I'm trusting the 200 DMA will continue to act as support. The world plus US market charts look a helluva a lot better than the $SPY. Hopefully the US markets catch up. Until they do I will be overweight World ex-US & Gold.
You may be right, but $VT did bounce off it's 200 DMA once again today. I just added $VT to my port as well and I am done. My port is where I want it to be. If you look at the charts for the whole world markets ($VT) vs just USA markets ($SPY & $QQQ) ; you could make the call that the bottom is in. We have already bottomed & retested & bounced on $VXUS (world ex-US). We are all gambling here at the end of the day. I could be wrong. But I see a reverse head & shoulders pattern forming on $VT (world plus US). I'm ignoring the $SPY and $QQQ here and looking at the bigger world picture.
Today appears to me as a lower high, lower low after breaking down from the 200 DMA. This could easily drop 5-7% the rest of the week if he doesn't TACO
$QQQ chart looks ugly. 4 straight green days and it was still rejected at 20 DMA. If it doesn't find support here; the bottom might not be in. $QQQ chart looks so much worse than the $SPY chart.
Medium-to-6 month term (and indeed this week more intimately)? Absolutely. Rode up and rejected on 200 DMA. I thought it'd squeeze to around 655, but that was an oversight from me as should have known it would go up a little higher to the 200MA. Last few days have had the low volume, low vol trading expected (although the dip got bought up quickly for those who went into last Thursday with a blank slate). Let's see how rest of this week now plays out.
Unfortunately I think the market is bored of the Iran War. All the market cares about is "has the price of crude oil peaked"? The fact that $IGV can't rally makes any potential move for $QQQ above 200 DMA problematic thou. I'll stick with BTD in $VXUS as long as it holds above it's 200 DMA. US indices are in a bad spot right now.
We have 2 trades going on in the market right now. 1. The war/crude oil/ the economy sucks trade. 2. The DXY devaluation trade. DXY is back under 100. World stocks ex US are moving higher than $SPY on that trade this morning. If you look at the 3 month chart for $VXUS, that world indice ETF had a beautiful bounce off it's 200 DMA after putting in a double bottom. I think the bottom is in until Big Tech / AI cap ex hyperscalers start reporting. We may not get the deflation I was looking for if all world CB's go Brrrrrrrrr at the first sign of cracks in the economy.
SPY really wants to tag the 200DMA. lol.
AMD is about to pop if it holds above the 50 DMA, I smell a pump into earnings
AMD is the only semi that didn’t break its 200 DMA on this correction. That’s strength not weakness retard.
Save dry powder if they retest 200 DMA
Back test to 200DMA yesterday and enormous bounce off and back under the double bottom support already. Don't see how this ends well for bulls
How long do you reckon the S&P has to stay below the 200DMA before it actually becomes concerning?
It looks like we might be hitting some resistance levels and slowing down. Since I am an idiot I will take some profits and sell some $GLD and $EWY that I BTD on heavily. Both are finding heavy resistance on either their 50 or 20 DMA. I'm still overweight both, but I don't need to die a hero here. Profits are profits.
Find predetermined support levels and determine the dollar amounts to buy if we reach each level. The 200 DMA is one target, the 100 WMA would be another target. If we go higher the 100 DMA would be another target. If we go lower the 200 WMA would be another target. Don't let politics influence money issues. For each DJT hater, there is also 1 DJT supporter. I personally think the man is a narcissist but he is the perfect used car salesman. DJT could convince Americans to bid up this rally on hopes & dreams far higher than most people here could imagine possible.
I’ll believe the rally once it’s retaken the 200DMA and held it, until then nothings fundamentally changed to any meaningful degree. 50% stocks and 50% cash so either way I’m good haha
I'm looking for resistance at 200 DMA on the major indexes.
I couldn't be more bearish of the macro view, but you have to hand it to the bulls: they absolutely annihilated the bears the last 48 hours. The more people buy puts here, the higher they're going to push up. Now testing the 200 DMA & with P/C ratios as high as they are on the index, it's hard to sell here.
Market oversold, corrects to the upside before cratering again when people realise the price of oil is only going up not down. 50DMA falls below 200DMA, stocks enter bear market.
Sorry but if that's the case this pump is hilarious. rejected by 10 DMA
And still rejected off 10 DMA https://preview.redd.it/jj12eskc3fsg1.png?width=931&format=png&auto=webp&s=faa9b724f8fd58e6b01d34b764bcec701b622ded
It's all gambling. But BTD around 200 DMA usually works out more times than not.
Even if its gonna dump, it wants to kiss the 200 DMA first
Let's say you're right. I fired off half of my dry powder buying $VXUS, $VT, $EWJ bouncing off their 200 DMA and $GLD bouncing off its 100 DMA. I could have waited & I did BTD too soon. But i don't need this dry powder today. I still have a job and 6 months of emergency cash. Cheers : )
Start nibbling METU when META is under $440. The Weekly 200DMA at $436
Another hard rejection on the 200 DMA coming up for SPX/SPY? Find out next time on DBZ
If AMD holds above the 50 DMA today on a gap up overnight holy shit it’s going to 300-400
Compare charts b/w $SPY vs $VXUS. One is still above its 200 DMA and up more after hours than the other. Hell, throw $GLD vs $SPY as well. You don't have to be bullish on the US AI bubble economy or even $SPY to have skin in the game. I've been BTD but I don't own the $QQQ or $SPY.
Bulls I’ve been wrong before but that 200 DMA needs to be retaken for any short term hope or cope
I think it's a good time tbh. Gold bounced off its 200 DMA pretty convincingly yesterday morning, I think it could spark a solid rally along with silver back up from here
IWM calls if it can get above 200 DMA
In 2025 before the "Liberation Day" crash it closed above the 200 DMA on March 24 and 25. Now in 2026, we could do the same thing lmao Spy 200ma is at $660
“Still the 200DMA at 660/661 will play the pivotal role on $SPY. Failing to reclaim and hold, will lead us back into filling the gap at the 640 levels. Only above that we can switch to calls. And I’m not perma bear, it’s just it’s still bearish here.”
But yet the Nikkei is still above its 200 DMA unlike the $SPY and $QQQ. The DXY drops below 99 and ex-US world stocks rebound hard.
Technical trading is 💩 Nobody cares about the DMA WMA whatever the hell that shit is.
You’re not wrong, but S&P is riding the 200DMA, gold is bouncing, oil is sus af. Everything feels 50:50. So I say let the boomers tell me what’s next. Sell your boomer stocks if you think we’re really in trouble.
Is that the 200 DMA cracking?
I totally disagree. Just because it closes below the 200 DMA does not mean confirmation for the move. This next week will be telling. But a complete reversal is very much in play
Don't worry, we probably would've retested 200 DMA on monday/Tuesday regardless. Afterwards it's going to be down again, bulls are going to celebrate on Mon and Tues like every other week despite us making lower highs and lower lows every week
What do you think of the trading strategy of selling when the market hits the 200DMA and buying back in when it again reaches the 200DMA?
SPY told retail traders F your 200 DMA
SPY did close below the 200 DMA.. QQQ came close but did not close below its 200 MA..
The only saving grace is SPY did close below its 200 DMA. So we can expect more downward trend..