Market Melt Up, GME Breakdown

Markets rip led by QQQ and XLF.
Long IWM.
Short attempt NVDA.
GME bear break with shareholder meeting and no roaring kitty announcement.

[aadilmohideen]

Hi Dan, thanks for the content. I also enjoy Alessio's video and content. Watch ur'll both to level up my own trading.

[Disco]

Thank you Dan. you always hit the spot. lol miss you Lori!

[bill]

All right dan great analysis. They're always very informative to me

[stuckinlodi-nufh]

Reference to Cdn cannabis. GTII was more volatile than usual and thats encouraging with a recovering TSX. Tues will likely repeat in a more structured pattern..or not..but always worth a buyin. Opened Mon $15.50 to $15.74..fell to $15.14..rose to $16.18 and sold. Fell to $15.9 and rose to $16.40..and fell in the last 20 mins to $15.78..(Cdn) Tues..buy in @ $15....etc..unless SAM states interest. If so..$20.

[KillerTofuu]

"looking for a weekly higher low compared to 17.70, but no sign of it at the moment" - does this mean you think the most likely scenario is we drop below 17.70?

[Tehscottinator]

I'm riding leveraged ETF up with trailing stops, weighted more heavily in tech and semis like FNGU and SOXL. I've loaded up a TLRY position while there is no attention on it incase of a squeeze or catalyst in the near term.

I'm looking at quad witching as a potential turning point and tightening stops as we approach.

[bill]

However, iwm is weaker not participating in the rally and I understand the breadth of the market is underneath the shaky. This rally is all about AI. I'm not saying short it. I mean I'm looking to buy dubs as a scalper. I'd like to see what happens after the holiday

[bill]

The funny thing about it that the fear and greed index is still fear. Looks like it's trying to get over to neutral. I'm not quite sure how important that is, but usually those things will be greater extreme greed with the fomos, so maybe there is some more room to run. Like I said and the last thing, the breath is funny

[thisisflamingdragon]

Today is the first time in a while the market melted up like that and I didn't buy puts trying to catch a top. Trying to be patient but I agree this move in the NASDAQ is unsustainable long term

[bill]

Yeah I tried to trade Tesla a little bit. I always get burned and never understand its price. Movement relative to the broader markets just seems to be doing its own thing. Drives me crazy

[williamround]

Hehe, did Dan just say “30% pullback and we haven’t even retraced half of the move” !? 😜😜