- Dec 31, 2018
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What we are currently seeing is not what I thought you meant by "weird." Just sayin'.
Anybody taking advantage of Coronavirus?
- Thread starter ThreatMatrix
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- Jul 15, 2014
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- Nov 19, 2014
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FYI, which I know you are aware, but Friday morning prior to opening is the August payrolls number, just in case you wanted to either tighten your already tight stops or perhaps loosen them? Not saying one way or another, but just in case it gets a smidge more active/volatile. Good luck. I know I focus a lot on rates, but the long end of the curve moving down in rates so quick is concerning, even though I know it is manipulated. But history shows that even if the FED wants to do something, the rates market can go opposite if it wants to send a signal to the FED. I agree things are weird as I have read more than a few articles/releases justifying just how not expensive these high flying stocks are relative to the rate environment. These are signs I look for when the froth is really bubbling.
- Jul 29, 2014
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Is that the dow I see over 29....
Maybe those half million new private sector jobs had something to do with it along with the recent shift in the polls.....
Maybe those half million new private sector jobs had something to do with it along with the recent shift in the polls.....
- Jul 15, 2014
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No, it has much more with dumb money flowing in... i'm guessing 29500 (all time high) is the number to watch, it's the only market that hasn't hit ATH.Is that the dow I see over 29....
You can't attribute market moves to "general news"... ask yourself this: "what news will they attribute to a major correction?" The markets were screaming upwards when we had our WORST unemployment news. See how that works?
Dollar up today, 10yr down today... that makes ZERO sense with the market moves today... ZERO. Dumb money... CNBC actually called it "panic buying" today.
Just be careful scooter... the time to be excited was at the bottom, in March, not right now.
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- Jul 29, 2014
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Crete may not be sharpest knife in the drawer but he knows craziness when he sees it...went deep into LT and strips back then/March(think falling 10yr.) and took the wad he pulled out and bought at the low point....most of my stuff is currently up 30-45%....will run to safety when the first bricks topple.
You been pretty spot on over the last month or so but remember who was hollering "when in Rome" back in May....;)
- Jul 15, 2014
- 28,673
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Update:
- Support on the SP500 is still in the 3425 to as low as 3375 bandwidth (21 and 34 day EMAs).
- If that "box" holds and we bounce up, we could push higher again.
- If we don't bounce in that box, and probably definitely if we break 3375, it's likely that the Wave 2 down has started.
- Dec 31, 2018
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- 28,420
I couldn't find the post where you wrote "look out below" to quote it directly, but when I looked at the market a few moments ago, it's what came to mind.
- Jul 15, 2014
- 28,673
- 47,685
Yeah, i've been pretty clear in the last week that i wasn't comfortable right now and have sold off things. I stopped out of my last long position this morning and put on a SMALL SP500 2x bearish ETF. We'll see what happens.
- Jun 12, 2014
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Founding Member
Is it happening? Obviously one day aint enough..... but I am ready.
- Jun 12, 2014
- 9,692
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Founding Member
- Jul 15, 2014
- 28,673
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Damn it, man! I told you where I think support is!
- Jul 15, 2014
- 28,673
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PS As I said, if support holds, i think this pullback is VERY bullish, if it doesn't, well then, it's not! ;)
- Jul 29, 2014
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In my unscientific an inexperienced opinion watch this afternoon like a hawk.... If it doesn't happen today, tomorrow should be alright(were going back to single digit unemployment)….oh and keep an eye out on next Tuesday too...
- Nov 19, 2014
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None of us know if this is the start or not, but we have all been talking about it. Whether as I mentioned the VIX kept going higher as the market went higher (not normal) or @Detroitgator seeing things that made his eyes cross a bit, we all have ideas but time will always win out. What I am noticing is there is not a rush into bonds (rates only slightly lower), gold is quiet (meaning no rush in b/c people are scared or no huge selling to raise money to meet margin calls). so they are not selling "everything" per se. There were so many stocks over 25% above their 50 day moving averages that is was not even believable. But that was one of many "overbought" indicators. But having done this for a long time (now more as hobby), "Markets can remain irrational longer that we can remain solvent"
- Jul 15, 2014
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I support holds, and we are bobbing right on the 3450 level for hours now, I think we will see another STRONG bullish move in the short run.
- Nov 19, 2014
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Yeah we just seem to meandering right here, but perhaps that may be b/c of the Gov't payrolls tomorrow morning. Will more people cash out this afternoon and not even risk playing the number or will we get one of hose last hour rallies by people so called 'bargain hunting"? I am doing nothing personally. My income plays got away from me yesterday and I will need a total sell off to get them back to my areas. But if I get enough of a sell off in one of the tech names that I do like I will put money into those.
- Jul 15, 2014
- 28,673
- 47,685
- Jul 15, 2014
- 28,673
- 47,685
OK, let's summarize:
- We pulled back to the levels of support I have been mentioning and held at the upper level going into the close. We closed just above 3450, that's good.
- This pullback is NORMAL and WELCOMED. What it does from here is what is important.
- I suspect more bullishness, as long as we hold.
- Fed announced today that they will do MORE QE. This is bullish, period.
- I will be cautious for the next couple of trading days, not worried about "missing out" either way.
- I stopped out of my last position early this morning (GOOGL). Son #1 and I bought SPXU around 11 CDT, put in order to "sell on close" at the same time. It was a good day, but I'm all out right now.
- Jul 29, 2014
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Alright...this was me at 11.00AM after being tied up this morning and logging on to my account....
