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Swing Trader. Sharing thoughts, ideas, and education. All tweets for educational purposes only.

United States
Joined November 2022
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Retest of $SPY $480 seems inevitable. Above $506 area is choppy. Looking for a reversal somewhere between $506-$509 to lead us lower. Too much uncertainty around right now for the pull back to be over. Will be interesting to see what happens with $TSLA today.
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Swing Income retweeted
$spx post close
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Just an if...but if this correction played out similar to July-November....wouldn't shock me if we got a relief bounce but mindset is chop tape for 4-6 weeks. I'm being patient. If had a strong start to the year this type of market is what we need to set the stage again.
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Macro Monday: Week 34 Weekly Highlights - Jackson Hole Symposium - Anticipated Earnings - Rates & Yields - Fear & Greed Index - Sectors Relative Performance - Looking Ahead
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Macro Monday: Week 34 Weekly Highlights - Jackson Hole Symposium - Anticipated Earnings - Rates & Yields - Fear & Greed Index - Sectors Relative Performance - Looking Ahead
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Sectors Relative Performance: - All sectors down over the week and most down for the month, except energy. - Not much relative strength here on the monthly. - Tech outperformed all others on the weekly, will Tech continue to lead us higher if we bounce?
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Looking Ahead: - Next Fed Meeting: September 19 to 20. Market is currently pricing in about 80% chance of a pause in rate hikes. - Federal Student Loan Forbearance ending. Interest is expected to begin accruing as of September 1.
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Finally moving below the $444 area on $SPY. Wouldn’t be surprised if we chop on the $440-444 range for a while before reversing.
Chopped around again all yesterday. Close was not strong. I still think we test the range between 440-444 on $SPY before another leg up. Still proceeding with caution.
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Will be interesting to see what happens early this week. Do we see more pain or can we catch a bounce? Do we continue to chop around? $SPY $QQQ $IWM
Quick pre-market outlook: Futures slightly green after being slightly red last night. $TSLA down over 2% $NVDA $AAPL $MSFT $AMD $META All slightly green $AMC down over 30%
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Quick pre-market outlook: Futures slightly green after being slightly red last night. $TSLA down over 2% $NVDA $AAPL $MSFT $AMD $META All slightly green $AMC down over 30%
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Chopped around again all yesterday. Close was not strong. I still think we test the range between 440-444 on $SPY before another leg up. Still proceeding with caution.
Initial reaction is positive. Let’s see if it holds to open and throughout the day. We’ve been super choppy lately and haven’t yet hit the big lower support zone around 440-444 on $SPY. Still proceeding with caution here, let’s see if we can get a strong close today.
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Perfect example of FOMO here. $WE up over 100% at highs today. If you caught it early, great move. If you FOMO’d in later in the day, you probably got crushed. Chances are, if you weren’t early and are hearing about it when everyone else is, it’s probably too late.
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Initial reaction is positive. Let’s see if it holds to open and throughout the day. We’ve been super choppy lately and haven’t yet hit the big lower support zone around 440-444 on $SPY. Still proceeding with caution here, let’s see if we can get a strong close today.
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