This thread is for general callouts from members of the community. This is a log it is not a place for discussions, feel free to discuss the callouts in TF. An example of such a callout is:
I think SPY is going to hit 500 this week because nobody cares about war and nothing makes sense.
or
I think SPY is going to go to 350 because everything sucks and here’s a chart with TA stating why: <insert image that I’m too lazy to make for this post>
Basically write the shit you were going to say in TF here.
Does this thread feed to #TF?
If so, you intend for it to be used in lieu of callouts in #TF?
Should we also post here for callouts made in voice?
Thanks and I support this new new :cheers:
I’ve been swing trading XLE for a few days based on the price channel highlighed below. I like XLE as a bull trade right now because it has good exposure to oil futires and SPY.
$XLE looks like it might be primed for entries again this morning. Energy across the board took a hit after rumors that the Iran nuke deal is neary ready to close.
I’ll be looking for fills at the bottom end of this price channel below
To follow up on this, I have highlighted a 90 day channel that suggests a neutral to bearish is also possible, however, I believe the events of the past week to be more indicative of where the price will go.
If anyone wants a high risk, high reward play, you can look at 3/4 800p’s on tsla. Seems like tsla broke the uptrend hard and gonna go back on the downtrend. The next major support is at 760 which is what I might play.
I remember a lot of us played COST last earnings. They slightly missed EPS, but from what I remember had a good call. Today’s numbers were better, but I don’t know what guidance they gave. They opened slightly higher, but ran up $30 that Friday. That was December 10th and SPY was up around $4 that day. Will have this on my radar tomorrow.
Opened a small put position on JETS (airline etf) this morning. Oil still elevated, (30% of airline costs) Russian/Ukraine airspace restrictions, lower US discretionary spending due to inflation and lagging real wages.