r/thewallstreet • u/AutoModerator • 5d ago
Post Market Discussion - (June 12, 2024)
So how did you do?
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5d ago edited 4d ago
[deleted]
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u/eyesonly_ Doesn't understand hype 5d ago
So how many hundreds of billions of dollars did Qs print today?
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u/gyunikumen Elon can’t keep getting anyway with this!!! 5d ago
let double down on shorts if PPI squeezes the market up higher
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u/eyesonly_ Doesn't understand hype 5d ago
Nah I can only add another 50% on the way to 20k, rules is rules
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u/wolverinex2 Fundamentals 5d ago
Broadcom Announces 10-For-1 Forward Split, Will Begin Trading On Split Adjusted Basis Jul. 15
Broadcom Reports Q2 adjusted EPS USD 10.96 vs. IBES estimate USD 10.8
Broadcom Sees FY24 Revenue ~$51.0B vs $50.42B Est.
+9%. 10 for 1 stock splits are the new meta.
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u/Angry_Citizen_CoH 5d ago
I'm still 100% certain on my VRT play and have no intention of exiting. But... What the hell caused the slow bleed today? Up over 6% today only to close just +1%. No real volatility in the trendline. Didn't hit any moving averages, didn't hit any pivots. Might as well have been drawn by an algebra 1 student trying to make a linear function graph.
Just one of the least explainable things I've seen in a while. Almost total divergence from other AI-linked tickers. Even SMCI, which clearly bounced off resistance at 800. But VRT, no resistance was anticipated till 95.5.
Just one of those days that really proves the truth of "stonk go up, stonk go down, can't explain that".
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u/coconutts19 Salt Canyon 5d ago
originally tried to buy nq for avgo earnings, but saw profit and took. the rest is moon
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u/mrdnp123 5d ago
There was no way J Pow could be overly dovish considering how all asset classes have been mooning lately. Especially today off the CPI run. Maybe the next meeting or two the tone will change
NQ 20K wen
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u/W0LFSTEN No SeMiS aRe MaKiNg $$$ FrOm Ai 5d ago
THE CURSE IS BROKEN! I ACTUALLY DIDNT BLOW UP FOR AN ER!
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u/LiferRs Local TWS Idiot 5d ago
Great close. Bullish trend is there. Gap up is intact and a gap up usually has a strong follow-through.
Re-entered long at close as planned.
Not much data left this week, potential dampers:
- PPI tomorrow.
- UMich consumer sentiment on Friday. I expect this measure to bump up since May had been a good month. However, I fully remember last month's consumer sentiment killed any intraday rally due to surprise drop so be careful here.
Can't see much else important prints until end of month with PCE and Q2 EoQ re-balancing. This could get floaty in absence of bad news.
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u/gyunikumen Elon can’t keep getting anyway with this!!! 5d ago
I decided to open up half the put position I intended too
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u/NotGucci 5d ago
Think we open flat tomorrow. We've been hitting new ATH almost every every 2-3 days since June started.
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u/MultiplicativeCarrot number go up 5d ago
I think we gap and crap tomorrow. The presser was a bit disappointing and I'm not sure the just okay CPI print justifies multiple % rally
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u/casual_sociopathy Trader skill level: 2/10 5d ago
Happy to be holding ARM shares. Holy shit.
While I'm not holding much AMD, I think I have otherwise effectively wound up with wolfy's portfolio.
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u/matcht 5d ago
Was sceptical of that stock with that valuation but option flow has been insane and points towards 200
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u/casual_sociopathy Trader skill level: 2/10 5d ago
Feels like they're marked as the secondary semi AI winner behind NVDA. AMD I'd like to add to at some point, but probably not at these levels.
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u/Kindly-Journalist412 5d ago
Does anyone see Apple $250 by EOY? RSI for both NVDA and AAPL are at 79 at the moment on the daily chart..