Stock Market Discussion -- started 03/06/2018 -- updated daily !!!

[Slurry Pumper]

Rip your face off rally today.

It's a ka-ching sort of day.

[d2bets]

Rip your face off rally today.

[Bostongambler]

Been following LTNC on the pink sheets for sometime now. Lock’din hydrogen infused water is their calling.

Big announcement coming in next 10-14 days. 😬

[Slurry Pumper]

Well, I'm in the camp of things getting better by the end of the week so I did pick up some calls yesterday with SPY at $539 strike and the QQQ at $456. They haven't moved that much yet, but I think the FED marches out to ease fears today and its back to the races going into the end of the week. Overall, I am in the everything falls apart camp, but when that happens who knows. Underlying forces keep getting worse, but the bad news hasn't translated into bad events just yet.

[Madison]

Nothing to look at here.... Inflation I suppose???

As of the closing bell on July 26, the S&P 500's Shiller price-to-earnings (P/E) ratio -- also known as the cyclically adjusted price-to-earnings ratio (Cape ratio) -- stood at north of 35, which is more than double its average of 17.14, when back-tested to 1871.
More importantly, there have been six occasions in 153 years where the S&P 500's Shiller P/E surpassed 30 during a bull market rally. All five previous instances were eventually followed by declines of 20% to 89% in the S&P 500, Nasdaq Composite, or Dow Jones Industrial Average.

Slurry ... lock and load put options next 3 months???

[Madison]

Nothing to look at here.... Inflation I suppose???

As of the closing bell on July 26, the S&P 500's Shiller price-to-earnings (P/E) ratio -- also known as the cyclically adjusted price-to-earnings ratio (Cape ratio) -- stood at north of 35, which is more than double its average of 17.14, when back-tested to 1871.
More importantly, there have been six occasions in 153 years where the S&P 500's Shiller P/E surpassed 30 during a bull market rally. All five previous instances were eventually followed by declines of 20% to 89% in the S&P 500, Nasdaq Composite, or Dow Jones Industrial Average.

[Slurry Pumper]

GDX reach my second target and then some, so I picked up some of that at $36, but AU and SLV are in no mans land so I held off with those trades. This week I think we get a rebound overall in the markets so I'm looking for spots to jump aboard the QQQ and SPY weekly options train this morning on a continuation. Had I been on the ball, Thursday the SPY hit some good support at the $537 spot and bounce off of that pretty well. If we find the price down there again however that would be the line in the sand and closing hourly candles below that could spell trouble.

[Madison]

All's good. No worries.

[Slurry Pumper]

Didn't really get a chance to pick up anything yesterday as the markets are in meltdown mode. Then this morning gold is dumping pretty hard. If I'm honest it looks like a bigger market event is starting here.

[Madison]

[Slurry Pumper]

OK this morning I'm going to pick up some more mining stocks like the GDX and AU. Both are hanging out at a support level. I already own shyt loads of these from years ago at this point, so I'm not too worried if they break through and go lower. If GDX does, the next spot I like is $36.30. Currently it is $37.45.
AU on the other hand is at $28.07, and if it falls, it's a load em up type buy for me at $26.00.
How about SLV? We'll it's been beat down the last week or so and is also right on some pretty good support of $26.50ish. Currently ($26.68) is close enough for me to load em up here. If it falters I'll really load up at $24.25 if it gets there as my silver stack is lacking with relation to my gold stack. This also means that I will start buying the real stuff as well as long as those premiums aren't redonkulous. The last few years premiums have kept me from stacking physical Silver, but now I'm willing to start paying more of a tax to have it laying around.

[Slurry Pumper]

Looks like that gold miners pullback is happening and of course the same can be said for gold. I think there is a little more downside to come, but it getting ready for load up time here pretty soon.

[Slurry Pumper]

Does anyone know anything about "Tobin's Q"?.

Pretty interesting valuation method? Somewhat foreboding?

Thanks for the heads up, I'll have to look into this.


It seems like the SPY is in melt up mode while the Nasdaq is making a bearish flag and looks ready to break down. Then there is the IWM which is in full on blow off top mode. Add it up and I think these are not the time to be jumping in with the long term buying of anything other than the precious metal sector, and even that will probably see a pull back in the fairly near future. The news from the bond market is telling me to be right near the exit and to keep an ever-watchful eye on any asset I got. Things do have that look like it can totally fall apart at any minute. I really think we dodged a proverbial bullet last Saturday with the assassination attempt not being completed for a catalyst, but that doesn't mean there wont be another catalyst event on the horizon.

[Madison]

Does anyone know anything about "Tobin's Q"?.

Pretty interesting valuation method? Somewhat foreboding?

[Slurry Pumper]

Look at AGI & WPM. I don't own any but I'm looking for a pull back to get in.

Yeah, gold miners should be on the move and the last week or so looks like they have popped a little. I hope it continues, but it is the type of thing where you needed to be in these already. I'm still buying however on pullbacks if and when they come.

[guitarjosh]

Finally had some downward movement yesterday, today I think we kind of hang on and creep one way or the other. Meanwhile all that gold I have been collecting for the last 10 years is starting to move although the mining stocks haven't been in favor. I gotta believe that the earnings from the miners are going to be blow out type numbers and they should be noticed sooner or later while gold hangs out at all time highs.

Look at AGI & WPM. I don't own any but I'm looking for a pull back to get in.

[Slurry Pumper]

Finally had some downward movement yesterday, today I think we kind of hang on and creep one way or the other. Meanwhile all that gold I have been collecting for the last 10 years is starting to move although the mining stocks haven't been in favor. I gotta believe that the earnings from the miners are going to be blow out type numbers and they should be noticed sooner or later while gold hangs out at all time highs.

[Madison]

I feel it somewhat humorous that we have endless folks willing to bet thousands on the bounce of a basketball or random 3 and few of us willing to play the whims of the stock market.

FWIW I bought the downdraft in ALB to 90 last night and cashed some at 96 today.

[Slurry Pumper]

OK I got a couple of toe dabs into the SPY Puts and we'll keep it that way until there is some movement here. Markets keep inching higher under more and more strain. My to plays this week amount to maybe a nice lunch out with the wife so I ain't gonna sweat it if it doesn't happen.

[Slurry Pumper]

This morning the SPY is hanging out at the high from yesterday. I took a little toe dab in the PUT water right at the $556 area. If the price can't get past this spot in the early going today I'll stick another toe in the PUT waters with expiration on Friday. Our friend the FED comes out this morning to blow smoke up our collective ass and tell us how breezy it is so keep an eye out for that, then tomorrow we have inflation data starting to roll out so we'll have plenty of catalyst material for market movement

[Madison]

I hope everyone had a great holiday weekend. When we last left, I was buying SPY callas for expiration of last Tuesday, Wednesday, Friday, and even today. They're all winners and depending on the early action for today, I'll be unloading the rest of the calls for another holiday rally situation. Charts are telling me however that a pullback is on the docket this week. Any pop this morning will be met with a little toe dipping of Puts for a Friday expiration. Until the SPY gets below $550 there is no excitement to be had, but below that on hourly closes will tempt me to increase my bet size.

Nice call!

[Slurry Pumper]

I hope everyone had a great holiday weekend. When we last left, I was buying SPY callas for expiration of last Tuesday, Wednesday, Friday, and even today. They're all winners and depending on the early action for today, I'll be unloading the rest of the calls for another holiday rally situation. Charts are telling me however that a pullback is on the docket this week. Any pop this morning will be met with a little toe dipping of Puts for a Friday expiration. Until the SPY gets below $550 there is no excitement to be had, but below that on hourly closes will tempt me to increase my bet size.

[Slurry Pumper]

A little bit of a pullback in the premarket might give me a spot to enter the SPY this morning as the price is $543.25ish as I type this at 6:30. Low of day yesterday was $542..52 so if at the open we find the price still hanging out there I'll be jumping on board with those call options that expire today tomorrow, Friday and Monday. Below $542, the next level for my interest is $541, then below that I'm looking at the line in the sand spot $539.50. Looking for that holiday rally into and through the weekend.

[Slurry Pumper]

OK going into the holiday, markets are usually in rally mode and with all the crap circling around I don't see why this holiday would be different.

[homie1975]

LTNC

Lock’din hydrogen water. Taking a flyer. To the moon Alice!

big move today.

best of luck.

[Bostongambler]

LTNC

Lock’din hydrogen water. Taking a flyer. To the moon Alice!

[homie1975]

D2er check in Pal

[Madison]

Man I'm just not excited about putting money to work right now in either direction. Anyone feel the same? I see storm clouds ahead but things aren't falling apart yet, and any play for me at this point is strictly in and out the same day.

Mostly on the sidelines here with ammunition earning 5% or more.

I did dip back into ALB. Way oversold in my opinion. Lot of solid companies slowly bleeding. What does Lowes, Home Depot, and BLDR Builders First Resource (They supply) HD and LO slowly bleeding tell?? I did also buy some SQQQ as a hedge a few weeks ago.

Sitting on hands. Bored. Not wishing for a correction but???

[Slurry Pumper]

Man I'm just not excited about putting money to work right now in either direction. Anyone feel the same? I see storm clouds ahead but things aren't falling apart yet, and any play for me at this point is strictly in and out the same day.

[Slurry Pumper]

Well its good to see my tin foil hat still works. Yesterday we jumped up in the morning only to trail off the rest of the day. This morning will the SPY bounce off of yesterday's low of $545.18? Futures show the market is right there now in the early morning. We'll see how it goes as the opening comes closer, but the longer we hang out right here at $545.50 - $545.00, the more I like the stepping in for some calls that expire later today for a quick lunch money trade. Of course if the 10 minute candle closes start to get below $545, then it is time to cut and run or better yet buy Puts and wait for the $540 level to be reached.

[Slurry Pumper]

I just got back so I haven't had a chance to do a deep dive into the market forces just yet, but it does seem frothy to me. Then again and especially during the summer, markets can continue to claw its way up the charts on any news for any reason. Tomorrow we have our summer solstice which is a tin foil hat event for me where I believe the market can change direction just because. We'll see what happens.

[Madison]

NAS/SP keep climbing higher. Personally my portfolio is down 18 of the last 21 days. Very concerning to me. Lithium and small caps a large contributor. Can't wait for the correction. I'll be hitting up Chucky for wheat penny donations if this keeps up.

[Madison]

You need to take time to get away from the modern world and take notice of the natural world. It's brutal but it recenter you.
Anyway, looks like the markets are doing the same melting up operation as they were doing before I left. I hesitate to buy up here for the long term but since I mostly day and swing trade, I think the data today on retail sales will be mixed and thus a no trade for me today unless the SPY revisits the $546.50ish area.

Welcome Back! If I were 20 years healthier I would have gone with ya.

[Slurry Pumper]

You need to take time to get away from the modern world and take notice of the natural world. It's brutal but it recenter you.
Anyway, looks like the markets are doing the same melting up operation as they were doing before I left. I hesitate to buy up here for the long term but since I mostly day and swing trade, I think the data today on retail sales will be mixed and thus a no trade for me today unless the SPY revisits the $546.50ish area.

[homie1975]

Hell Yeah SLURRY !!!