@AndreaClarissa:Took only 1 trade, but with size. $Intel(INTC)$ looked like a good short with struggling near 60min resistance and R3 with the most bearish ladder I've ever seen. Added on the new body low, when it couldn't break 25.08. Squeezed me out hard
@moonzo:The minutes of the meeting are coming on Thursday! Fed may be more hawkish than expected, dousing hopes of a pause in rate hikes.Michael Kramer, founder of Mott Capital Management, thinks the minutes of the February Fed meeting could show a sharp rise in interest rates.Kramer said this week's Fed meeting minutes could bring some surprises to investors, but more importantly, it could shed light on the Fed's plans for the path of rate hikes.Fed Chairman Jerome Powell said at the FOMC meeting that the minutes will reveal the Fed's discussions on deciding when to stop the rate hike cycle.A big surprise may be that not all Fed members agree to slow down the pace of rate hikes. Last week, Cleveland Fed President Mester and St. Louis Fed President Bullard noted that they were leaning towards a 50
@StickyRice:Google's Pichai says staff cuts avoid bigger future problems Google's $Alphabet(GOOG)$ move to join other tech companies in cutting more than 10,000 jobs was necessary to avoid bigger problems in the future, according to CEO Sundar Pichai. Google parent Alphabet said it would cut 12,000 jobs, making it the latest to trim five figures worth of employees (Microsoft, Meta and Amazon have made moves to trim at least 10,000 jobs each, to name a few). “If you don’t act clearly and decisively and early, we can compound the problem and make it much worse,” Pichai said, according to a Bloomberg report. “These are decisions I needed to make.” He said he had consulted with company founders and the board before going forward with the cuts, which amounted
@FrankRebecca:What is a failed breakout pullback? My definition:A pullback to the 21 ema within 10 trading days of thestock breaking above prior highs from the left side of a base. Must be price high from left side of base, not a handle area. $SQ $Block(SQ)$
@JohnMitchell:$MGO Global Inc.(MGOL)$ Lots of people got it above $10-$12 and lost money if they bailed out which is how the company recovers from the first huge spike. If they held it and didn’t buy more at the very low value to average it lower, they will have a tough time. Go back and review historical IPOs and they all almost always follow this pattern. This stock too will have 2-3 more spikes in it until drops again and then stays low for a long time and depending on good news will go up again or gradually will get lower and lower.