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Matt Demeter

@MattDemeter

Matt Demeter reposted

Any ideas?

How is it that a stegosaurus, that apparently went extinct 66 million years ago, is depicted on Cambodia’s Ta Prohm Temple?

derek__olson's tweet image. How is it that a stegosaurus, that apparently went extinct 66 million years ago, is depicted on Cambodia’s Ta Prohm Temple?


Matt Demeter reposted
ChristIsComing5's tweet image.

On July 9th, I sent an email to family and friends alerting them that the S&P had come within 1% of my 5650 target high. On July 12-16, my target was hit. The market has sold off in the 3 market days since. It's still not far off of the highs and so the opportunity to sell is…


Five new members (Eygypt, Ethiopia, Iran, Saudi Arabia, UAE) will join the BRICS nations next month: January 2024. I believe there will be a stronger attempt to dethrone the petrodollar in Q1. Very possibly a new BRICS currency announced.


The #stockmarket likely peaked this morning. The $Nasdaq $COMP hit my target high and reversed. I'm now heavy short. If we break above $328 in the $QQQ, I'll reconsider.


I'm not convinced there is a ton more downside in $IWM. There could be, but I have dueling patterns. I'm taking profits on my short from Friday.


Big runs in #stocks but the $VIX is still sitting on strong support. I stopped out of my $SPY short entered yesterday but entered an $IWM short an hour ago.


My charts say the $VIX made an important bottom and $SPY made an important top this morning. It's totally plausible we reach back down to the March lows just above 3800 in $SPX. I'm short. I'll stop out on a move above 4065ish.


Short-term target hit in $SPY. We should get a bounce now.


Buying back some of my $ARKK position here at $37.50.


Covering my $QQQ short here at $294.80. There is additional downside coming but, in the short term, we have the payroll report tomorrow morning and I don't want to deal with that uncertainty.


$NVDA is nearly at my first target resistance of $244. The next target up is $280ish. Thinking about a short here even though I like it long term.


Major resistance in the $Nasdaq $COMPX comes in at 11,900ish. We should be nearing at least a short-term high. Increased my $QQQ short to a near full position. $AAPL has room up to $158ish so I'm still holding back a little dry powder.


Adding to my $QQQ short at $296.50.


Adding some shorts here around $293 in $QQQ. Leaving dry powder for more. $HYG is not looking good. Important support broke in the $SPX, Nasdaq, etc.


Stopped out of $U. Still holding $TDOC from purchase at the lows last week. Mental stop around $24.90. Overall #StockMarket is a short on strength.


$GWH hit my projected target low just now with wiggle room down to $1.50. Earnings will be released tonight. Since I expect upside from this level, my guess is earnings will beat expectations. Given the recent price action, expectations seem low. We'll see.


I'm seeing a breakdown in $AAPL and in the $SPX. I'm not about to go heavily short yet but I'm no longer seeing great bounce potential here either.


Raising my $AAPL stop to $146. Very weak bounce especially considering the pullback in the $DXY.


Weak bounce so far but rising support is still intact. Moving my stop up to $145.70. $AAPL

The chart of $AAPL lines up well with those of $SPY and $QQQ, as it often does as the largest component company. It nearly completed it's short-term pattern to the downside on Friday. Close enough that we may bounce immediately when markets open tomorrow but my best guess is a…



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