JT @TCMLLC0
Growth stock investor focused on finding the next SUPER WINNERS. 25 years experience, life long student, and founder of https://t.co/NuNSFzkVDH traders chat community. tickermonkey.com Memphis, TN Joined May 2012-
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354.71 8/18 low on QQQ is a shakeout plus pivot on an attempted double bottom base.
"Ah c'mon guys it's so simple maybe you need a refresher course. It's all Backwardation nowadays!" - Gordon Liddy Long : 30wt ball bearings 3 and 1 Oil Gauze Pads 10 Quarts of Quaker State antifreeze cmegroup.com/markets/energy…
"Ah c'mon guys it's so simple maybe you need a refresher course. It's all Backwardation nowadays!" - Gordon Liddy Long : 30wt ball bearings 3 and 1 Oil Gauze Pads 10 Quarts of Quaker State antifreeze cmegroup.com/markets/energy… https://t.co/m1hfN0bniQ
The majority of the time oil markets are in Contango & that crushes products like USO. Most commodity etfs get chewed up on costs because of this. However, when markets are in Backwardation that's when they can do well & prices can rip. Watch for "Evil Speculator" headlines.
80.13 starting position ESTC with a stop at Friday's low
QQQ 361.86 SPY 436.33 Pink Day 1 attempt levels to watch above. We close at or above those levels we'll have a Pink Day 1 Rally Attempt in place.
Sold half of NOW up here to take out +4pts as to swing the rest overnight.
TickerMonkey in partnership with Rain King, LLC is excited to bring to you in workshop form the results of @JPoco722 's latest study : Earnings Reaction Gaps The VIP Executive tier gets you both dates & unheard of value with 3 more quarterly calls! 👇🎥 tickermonkey.com/erxgapworkshop
Avoiding distribution on the first 1-3 days after FTD is statistically important, but not always critical as we saw in April 2020. With that said the biggest pressure lately on equities, bond market yields, is closed on Monday. That should help the cause. $QQQ
Avoiding distribution on the first 1-3 days after FTD is statistically important, but not always critical as we saw in April 2020. With that said the biggest pressure lately on equities, bond market yields, is closed on Monday. That should help the cause. $QQQ
Reminder : On a Follow Through Day you must buy something. If you can't find a stock that is set up right then you buy the Index following through. Taking it one step further if you already have ample exposure then adding to your best position is the go to.
BlueSky6 is on 11/4/23 and early registration started last week. $30 for early birds to 10/15 & $40 after. Early birds get a bonus 2024 market diary @JPoco722 put together. Recording available for 2 months post event youtu.be/TAZpshQOOqg Register 👇 us06web.zoom.us/webinar/regist…
Added to RIVN 24.70 and sold the Oct 11th 25.50 calls for .94 Covered this week's 25 calls on the pilot this morning at .49 and sold the 10/11/23 25 calls for .77.
Backwardation is shrinking on the Oil curve. Less than 2 bucks now as it was staying above 2 bucks last week.
Backwardation is shrinking on the Oil curve. Less than 2 bucks now as it was staying above 2 bucks last week. https://t.co/T6LdFXed9e
Weekly closing range screen RIVN shows up. Ipo double bottom with gap up handle for the monthly RIVN. Double inside months on the gap up. Shakeout plus from 19.25 lines up with some fib work holding the lows in the handle. Larger timeframes w/ patterns & gaps warrant attention.

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