That's it for me 376.50 is good enough. Taking the rest of the day off .
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For perspective, the S&P 500 is now almost exactly where it ended 2020.Comment -
Why is Powell trying to so hard to convince everyone that inflation is transitory? Traders seem to be thinking "though doth protest too much".Comment -
bought VKIND and CHS at prices I like.
VKIND temporary ticker, will revert to VKIN and merge 1-1 with CEI, to form bigger oil co.
Strong balance sheets and NYSE listing.Comment -
the problem at hand goes back to 1978 when the Democrat Congress pushed through the
Fed's supposed "mandate" to achieve "full employment" - the Full Employment and Balanced Growth Act of 1978
which was never in its charter or conception.
Now, the Fed keeps using it as an excuse to debauch our currency and destroy the middle class.
kind of like how the Democrats are pushing through another 2 TRILL PIGOUT for no reasonComment -
today was a day to BUY BUY BUY !!!!!Comment -
I told you all id throw the whole ev industry into a tailspin by buying NIO. wtf?Comment -
3Y anniversary of this thread is this SAT 03/06/2021Comment -
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32 but man I was lovin closing in on 60 a month or so ago...I was thinking it was going to 150. tf was I smokin'....Comment -
Stock market about to tank as gas prices go up at the pumps. Thank you Biden.Comment -
Regarding inflation...there is something which a lot of people do not consider and that is the digitization of the world is extremely deflationary and the likely cause of their certainty on the control of inflation...given the COVID pandemic accelerated even more traditional travel and shopping onto high margined web services. This deflationary effect has been occurring since the dot com era...and picked up substantially with smart phones...just think about it....instead of buying a map or speed radar detector at a store, you just pull up Waze on a phone app...instead of spending money on gas, parking, lunch at the mall...shopping online at Amazon or Overstock...I believe the Fed and many pundits with access to good data understand this and gives them confidence to continue QE without be overly concerned for inflation...I do believe the supply of dollars will still be impacted but as you know these will go away eventually anyway once digital currency replaces fiat paper...yeah i said it.Comment -
Democratic policies and executive orders being signed off by the Biden administration when he first took office triggered alot of this. Supply and demand concerns as clean energy is being pushed.
Biden killed the X pipeline deal and pushing clean energy ... I can go on and on. This was not happening under the Trump Presidency bottom line.
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I can't remember a day where the FED came out to talk, and the market was on a wild roller coaster ride before hand. Tomorrow, I still expect a repair operation and 384 is still an important number. Today the SPY ran up and tagged 384 before falling down the elevator shaft. 384 represents a break down candle high as I pointed out last night. Several charts are poised to bounce tomorrow, the first order of business is to close above the 50 DMA, then above 384 would be on the table. If this is the case, then there will be another lower low on the table as the highest point and thus a bounce up might tag the descending line either Friday, Monday, or Tuesday. The descending blue line is also on my chart from yesterday so check it out. That would be all the way up in the 389.50 neighborhood if they get there. I doubt they get there tomorrow but that is the place where above it makes my scenario change and a re-assessment of the situation, a tag makes it a perfect short area, and just below it would represent a goal not able to be reached and thus bearish so go short my friends. It is the sell the rip phrase for a little while now.
So if they continue to kill them tomorrow, how about around $368 for some support with some other support at the 364.50. If we get there tomorrow, people will be in full flip out mode and a panic will start to waft through the air.Comment -
This tells me you either have zero understanding of economy or just more concerned with validation of beliefs. Conversation over. I thought perhaps you had an actual point. I will remind you the both the national debt and P/E to GDP have gone nuclear...any idiot can tell you that’s a bubble...do you honestly think it’s healthy for these conditions to exist....anyway...this is a correction...the QE policy is unchanged...bonds rates will not exceed 2% anytime soon. This is very typical for market mid Feb to March to sell off for taxes and gear up for summer run up...this year is no different except now you have stonks trading close, but no where near dot com bubble levels. The only other thing that is different is more people died in America than any other country in the world, GDP close to Great Depression levels...I am assuming now you will blame this on someone other than the person who was facilitating American policies the past year.Democratic policies and executive orders being signed off by the Biden administration when he first took office triggered alot of this. Supply and demand concerns as clean energy is being pushed.
Biden killed the X pipeline deal and pushing clean energy ... I can go on and on. This was not happening under the Trump Presidency bottom line.
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^^ I understand economics and economy trends very well. I'm invested in them and have been for 30 years. Stop it. I just touched on a few factors.
Read and learn https://oilprice.com/Latest-Energy-N...p-Quickly.htmlComment -
Pretty sure I came here....and posted...ENERGY FINANCIALS & CONSUMER DISCRETIONARY are gonna crush some azz this year...even posted multiple stocks that are up tremendously....my larger point is...while mouth breathing or whatever it is you guys get paid to do is accepted at SBR...in this thread it ain’t. Why don’t you contribute something substantive otherwise go to your saloon thread...or Biden vs Trump like you OCD Schizotypal guys seem to flock to...Comment -
My inherent flaw is that I do not suffer fools very well.Comment -
JIBBBY please take the political nonsense somewhere else. this is simply a blip i mean a garden-variety correction and we'll find support very soon and start heading to new highs. then you'll be nowhere to be found.
please let us discuss stocks and not this political nonsense. go take it to another echo chamber.Comment -
Ok so the phony jobs report came in and now we have a dead cat bounce. I'm still in the sell the rip mode so where am I stepping in and starting to sell the bounce. Right about the 50 DMA to start around the 380.40 - 380.90 zone. I'm working with a little bit of the houses money today so I'll accept the pain knowing that I can cost average down with more shares the closer the SPY gets towards 389. The next spot that I think will be in play is the same old 384 level. I'll be looking to come over the top and smash the short button heavily at this level.Comment -
Right out of the gate short the 50 DMA tag and enjoy the ride down to where? How about 377 before the bounce again with another attempt to get above the 50 dma on the SPY. This time back up I won't sort until 384.Comment -
Nice trade right out of the gate. Now it is a bull bear battle right around SPY 377. It can break and run in either direction for a while.Comment -
we bounced right off the SPX 3733
if we fall through 3700 then look out belowComment
