Enjoy the weekend Max. I love your thread, it's nice to be able to talk to other guys from time to time. Shout out to VZ and BeerNt too. Was thinking about what you said some weeks ago, when everyone in your chatroom is short AMZN and you know they will get squeezed. It made me think of what Turney Duff said when he was at Galleon: Duff recounted the story of a bio-tech analyst who had a low threshold for losses. The analyst would constantly panic when a stock is trading lower on no fundamental news. “I knew from just working with her over the years, that her threshold for pain was a buy signal.”
Thx for the kind words dude, I've really enjoyed your commentary here too, most times you are seeing the same thing as me so it's nice to chat with you, I'm happy I met you vz beern and tt.texas as well. In terms of the analyst, I find alot of the time figuring out the market is just figuring out where the most people are going to get punished. Hope everyone's enjoying their weekend, Canada day was pretty awesome we parked our boat in the middle of the lake and just watched fireworks going off on every beach around us while we had some beers until about two in the morning, it was pretty fun, wish the pictures would had turned out, it was probably the craziest firework show I've ever seen. Life doesn't get much better than sitting on the lake catching fish and having a cold drink and enjoying this kind of scenery.
Dow Futs +100 and Nas +20 I guess we were right, max will look for a short before the close for a swing trade thinking nflx, tsla or qqq
Dow +200 NQ -10 NQ down 35 ish from it's high Not a good sign, that they couldn't or wouldn't prop up the nas on this low volume day IMO FANG all down (AMZN down 1%)
I agree probably not a good sign that they werent even able to juice all these names on a shortened day, guess we will find out on wednesday.