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

[Madison]

My mother kept trying to get me to but when in 60s. Wtf 76 yroldlady knows more than I..But she was initial in fb and when in 30s

The AMC story will turn ugly at some point (fundamentals). There are so many stocks being artificially inflated/manipulated (too much liquidity??)

Glad to have you back.

[Madison]

What a crappy weekend up here in the PA area. I hope everyone is having a happy and safe holiday weekend. Please take time to think about the soldiers that were sent somewhere and didn't make it back.

Agreed and both counts. Sometimes we lose sight of what is really important.

[chico2663]

The AMC story will turn ugly at some point (fundamentals). There are so many stocks being artificially inflated/manipulated (too much liquidity??)

Glad to have you back.

Thank u

[RoyBacon]

I'm getting killed on shorting AMC calls. Shorted the June 40 at .50. It's $5 now.

I will fall on my sword with this trade. Well, I'll have to exit with a bloody a-hole if she gets to $50.

[KVB]

The latest from the Fund...

[Slurry Pumper]

The latest from the Fund...

It's in a different form than I usually look at things, but from my view the last week or so since the last purple dot is a break up candle, then inside trading which is a bullish flag pattern at the top of a range. It is also just above the 50 and 100 DMA. Using the 80 -20 rule, it looks like it is gaining energy to pop up through the top of the range in a break out move.

[Slurry Pumper]

OK I haven't gone over my long term or swing stuff for a month or so and this weekend is a good time to lay it down.

Lets start with my biggest disappointment so far.

EVFM Evofem Biosciences Inc.

This company makes the Phexxi (also known as Magi Lube), the non hormonal birth control product that will also protect you from the clap. As most guys know the way women's birth control usually works is that the solution usually makes them an ill tempered bitch that you wouldn't want to fuk in the first place. The product continues to perform very well in all of the studies and tests but the management just sucks. They regularly go back to the shareholders on a very frequent basis for more money in the form of public offerings. It has gotten to the point were it is now put up or shut up. They need to sell a few tubes of this stuff and have it start to show on the balance sheet. They just raised almost 50 million for the express purpose of direct advertising to bitches along with tv and internet ads. Might I suggest that they also advertise to dudes, and start to convince doctors to write prescriptions to dudes as well. I would have loved to smother the head of my schlong with some Banana flavored magilube before plowing into some talented smack whore down by the naval ship yard during the Fourth of July celebration weekend. It may have saved me from a visit to the doctor later the next week, and maybe I would have not had some of those bastard kids that do nothing but cost me money.

I guess we almost have to do it, but let's look at a yearly chart with weekly candles.



So this chart has the same theme going back several years. There is a big break down candle or 2 followed up by a consolidation period that is then followed up by another break down candle. These break down candles just happen to coincide with the public offerings. Back in Feb the company had some good news from passing trials and proving that the MagiLube is da shyt when it comes to what it says it is, and in a celebratory jester the announcement of Aqua Advantage Salmon flavoring was a big hit. Then they watered down the shares with a few public offerings since then and now the price is under a buck. The only good thing I see is that the stochastics are in the completely oversold camp with nowhere to go but up, or at least sideways, although they do not show any signs of starting to rise. The MAC'D did start to rise slightly last week, and the buying volume has picked up from the capitulation selling just 2 weeks prior.As you can see from my investment table, I'm balls deep in this with a net loss of $2000 so far. At this point I need to see a proof of life video before investing more money into this. I foresee possibly another company coming in and buying the MagiLube brand. There will be a big bone-us for the management and the shaft for the shareholders.

TOTALS ALL STOCKS 2021 101,947.95 -7,152.15 3,918.05 2,106.85 MONTH MAY IN 12,724.35 ALLOWED -476.15 GAIN SO 36.65 TOTAL -194.05 TOTALS PER STOCK EVFM PLAY 3,316.00 LOSS -2,941.00 FAR -2,026.00 GAIN 324.00 MONTH MAY 0.00 0.00 0.00 0.00 . DATE TIME STOCK TICKER SHARES BEGIN BUY/SELL PRICE TOTAL IN PLAY STOP LOSS/ BUY MORE PRICE ALLOWABLE LOSS TOTAL ALLOW LOSS % TOTAL TODAY'S CLOSE/END PRICE GAIN/LOSS SO FAR END SHARES END BUY/SELL PRICE END GAIN/LOSS END % GAIN/LOSS TOTAL GAIN/LOSS TOTAL % GAIN/LOSS PARTIAL 1 SHARES PARTIAL 1 BUY/SELL PRICE PARTIAL 1 GAIN/LOSS PARTIAL 1 % GAIN/LOSS PARTIAL 2 SHARES PARTIAL 2 BUY/SELL PRICE PARTIAL 2 GAIN/LOSS PARTIAL 2 % GAIN/LOSS PARTIAL 3 SHARES PARTIAL 3 BUY/SELL PRICE PARTIAL 3 GAIN/LOSS PARTIAL 3 % GAIN/LOSS 02/26/21 10.30.46 EVFM 200 3.82 764.00 0.25 -714.00 -93.46% 0.86 -592.00 03/04/21 15.03.30 EVFM 100 3.30 330.00 0.25 -305.00 -92.42% 0.86 -244.00 03/05/21 9.30.24 EVFM 100 2.41 241.00 0.25 -216.00 -89.63% 0.86 -155.00 03/05/21 10.13.00 EVFM 100 2.16 216.00 0.25 -191.00 -88.43% 0.86 -130.00 03/25/21 09.31.54 EVFM 500 1.80 900.00 0.25 -775.00 -86.11% 0.86 -470.00 03/25/21 14.58.31 EVFM 500 1.73 865.00 0.25 -740.00 -85.55% 0.86 -435.00

________________________________________ ________________________________________ ____________

AQB AquaBounty Technologies Inc.

OK these are the Frankenfish makers who are setting up a production facility to make their genetically altered salmon in Kentucky. They just had their first commercial harvest from a smaller facility in Indiana and got rid of all the stock which is a positive sign of initial acceptance even though there are headwinds from the genetic science deniers. Sometime next year their much bigger facility will be online and the domestic markets just may be ready for the move while the international markets are already starting to come around. This is just confirmation that the new facility will not be under utilized when it is ready. BTW take a look at what it takes now a days to be a industrial salmon processing plant.

They just announced acceptance in Brazil which is huge, and so long as they don't have any people getting birth defects or diseases I always figured that the initial buyers of the Aqua Advantage Salmon would be foreign markets. I keep looking for some of this stuff to try but I think most of the customers so far are in restaurants and smaller specialty shops. Some major food stores have told the public they aren't having the Frankenfish in their stores. We'll see how long they can hold out when the overall fish market starts to get more expensive.

Let's look at a year long chart with weekly candles.


So the low came in late June last year before it pretty much had a large break up candle last September, where it first reached the $5.24 price. This was followed by a 2 to 3 month consolidation phase before the rocket ship was launched last December. It topped out in late January and then came back down over the course of 6 weeks to touch the $5.24 price again before bouncing up to just over $8.00 in late March we'll call that a dead fish bounce. Since then it has come back down and just 3 weeks ago, the price moved lower than $5.24 briefly before regaining that critical price level this week. Right now it sits just below the 50 Week Moving Average (WMA or the green line on the chart) and is well below the 20 WMA (orange line). The stochastics are coming off the bottom and the %K and %D line are separating which means good things while the MAC'D is also starting to climb back up off the bottom. My own momentum indicator is still deep red, but even that is rising. Volume is pretty light the last couple of weeks, but I think that is more due to the time of year before the holiday than the conviction of the stock. In the short term, I expect the price to hold the $5.24 level and even move back up to meet the 20 WMA in the near term (next month) probably around the $6.50 mark. I will continue to hold probably for a few years as this stock is only starting to grow. I do expect the overall market and especially the Nasdaq to fall apart sometime this year so depending on the size of the down turn, I will be looking to buy another 2 dimes worth if and when the price comes down to $3.80 which will represent another 525 shares. If that doesn't happen it is possible for AquaBounty to take off again and soon be around the $10 level by the end of the year.

TOTALS ALL STOCKS 2021 101,947.95 -7,152.15 3,918.05 2,106.85 MONTH MAY IN 12,724.35 ALLOWED -476.15 GAIN SO 36.65 TOTAL -194.05 TOTALS PER STOCK AQB PLAY 1,910.00 LOSS -1,150.00 FAR -822.00 GAIN 2,298.00 MONTH MAY 0.00 0.00 0.00 0.00 . DATE TIME STOCK TICKER SHARES BEGIN BUY/SELL PRICE TOTAL IN PLAY STOP LOSS/ BUY MORE PRICE ALLOWABLE LOSS TOTAL ALLOW LOSS % TOTAL TODAY'S CLOSE/END PRICE GAIN/LOSS SO FAR END SHARES END BUY/SELL PRICE END GAIN/LOSS END % GAIN/LOSS TOTAL GAIN/LOSS TOTAL % GAIN/LOSS PARTIAL 1 SHARES PARTIAL 1 BUY/SELL PRICE PARTIAL 1 GAIN/LOSS PARTIAL 1 % GAIN/LOSS PARTIAL 2 SHARES PARTIAL 2 BUY/SELL PRICE PARTIAL 2 GAIN/LOSS PARTIAL 2 % GAIN/LOSS PARTIAL 3 SHARES PARTIAL 3 BUY/SELL PRICE PARTIAL 3 GAIN/LOSS PARTIAL 3 % GAIN/LOSS 02/05/21 12.16.00 AQB 200 9.55 1,910.00 3.80 -1,150.00 -60.21% 5.44 -822.00

________________________________________ ________________________________________ ____________

DKNG DraftKings Inc.

OK if your on this site and you don't know about DraftKings, you must have just started your degenerate gambling career so let me welcome you to a life full of highs and lows but never a dull day. On 5/10 I started to pick up this stock and over the course of 3 days gathered a small position. I was at first trying to front run a support level at the $44.85 by a couple of bucks thinking they may not get to that price, but as it turned out, the stock spiked the price all the way down to just under $40. Since then it has been a rescue operation and just on Friday the price spiked up to the 200 DMA at around $52 before falling back a little.

Looking at the 1 year chart with weekly closes shows us almost the entire history of this stock so far since the IPO. In that year it is clear that this company's plan is to try and gobble up as much market share as possible while more and more states open up to the sports investing community. Not a bad idea since the casual player will likely have only 1 or 2 accounts to play from.


The price has been magnetic to around the $45 level with a multitude of tags. I woke up one early day in May and I believe that someone mentioned it was reporting and sure as shyt they lost their collective asses for the quarter which sent the price lower. This is surely from all the sign up bonuses and promotions that are going on. When the price dove down I knew it was time to jump on board. I expect this to ride up to the $55 level in short order and eventually top out around $60 in the next month. It may continue the run into football season in which case it may challenge the all time high. I'll jump in heavier on a dip to $47.58. Oddly enough I sold half of my shares I picked up at that level in a mistake I made thinking I was selling something else.

TOTALS ALL STOCKS 2021 101,947.95 -7,152.15 3,918.05 2,106.85 MONTH MAY IN 12,724.35 ALLOWED -476.15 GAIN SO 36.65 TOTAL -194.05 TOTALS PER STOCK DKNG PLAY 1,272.30 LOSS 155.10 FAR 226.20 GAIN 8.40 MONTH MAY 1,272.30 155.10 226.20 8.40 . DATE TIME STOCK TICKER SHARES BEGIN BUY/SELL PRICE TOTAL IN PLAY STOP LOSS/ BUY MORE PRICE ALLOWABLE LOSS TOTAL ALLOW LOSS % TOTAL TODAY'S CLOSE/END PRICE GAIN/LOSS SO FAR END SHARES END BUY/SELL PRICE END GAIN/LOSS END % GAIN/LOSS TOTAL GAIN/LOSS TOTAL % GAIN/LOSS PARTIAL 1 SHARES PARTIAL 1 BUY/SELL PRICE PARTIAL 1 GAIN/LOSS PARTIAL 1 % GAIN/LOSS PARTIAL 2 SHARES PARTIAL 2 BUY/SELL PRICE PARTIAL 2 GAIN/LOSS PARTIAL 2 % GAIN/LOSS PARTIAL 3 SHARES PARTIAL 3 BUY/SELL PRICE PARTIAL 3 GAIN/LOSS PARTIAL 3 % GAIN/LOSS 05/10/21 9.30.11 DKNG 20 47.16 20 47.58 8.40 0.89% 8.40 0.89% 05/10/21 9.54.08 DKNG 20 45.63 456.30 47.58 19.50 4.27% 49.95 43.20 10 47.58 19.50 4.27% 05/13/21 13.22.29 DKNG 20 40.80 816.00 47.58 135.60 16.62% 49.95 183.00

________________________________________ ________________________________________ ____________

AU AngloGold Ashanti LTD.

This gold miner was enjoying the resurgence of everything gold, and was looking to continue to at least hang onto the recent gains until an employee accident shut down the Obuasi mine in Ghana so that a search and rescue operation could be under taken to locate the worker. On Friday I believe that they found the worker and I'm sure that a full investigation will start and continue to keep the mine shut down until the conclusion thereof with implementation of any alterations to mining procedures that are deem necessary.

The recent events of this mine is in no way a typical thing for this company as they are, even in Ghana, considered a first class operation and very attentive to safety protocols along the lines of a 1st world nation such as Canada for all of their almost 4000 people who work there. I've been to this mine and it is quite large and getting larger. In fact they do have one of my 10 stage multi stage pumps that is capable of 3000 head ft. I forget the flow but I'm sure that is probably right around 1000 gal/min.

I hate to mention opportunities off the backs of what is surely a fatal accident, but then again I am a capitalist and the world is a rough place to live so even though I am a long term holder of AU, lets look at a more short term look from the 3 month chart with daily closes.


As you can see the price has been bumping up against the $22.91 level a few times before busting out in the last few weeks to levels that were pretty far away from the 20 Day Moving Average (DMA). Now the price is coming back down and if it reaches the $22.91 level, I am a buyer of another $2000 worth which would be around 85 shares. On Friday, the price was able to stop the free fall and hang onto the 20 DMA, and come Tuesday if I wasn't a holder of this stock I would be starting a position as it is entirely possible that the price stops the decline and restarts the accent up along with everything else gold related despite the negative chart indicators I see. The stochastics are falling and the two lines are far apart which is not a good sign, the MAC'D is also in decline, but the large selling volume has subsided somewhat. All of these negative things do have a good reason to exist and I expect a turn around once things get back online at this facility. I also like a stock that comes back to test a former break out area so this is why I like the $22.90 area to purchase more.

TOTALS ALL STOCKS 2021 101,947.95 -7,152.15 3,918.05 2,106.85 MONTH MAY IN 12,724.35 ALLOWED -476.15 GAIN SO 36.65 TOTAL -194.05 TOTALS PER STOCK AU PLAY 9,519.00 LOSS -359.00 FAR -11.00 GAIN 0.00 MONTH MAY 0.00 0.00 0.00 0.00 . DATE TIME STOCK TICKER SHARES BEGIN BUY/SELL PRICE TOTAL IN PLAY STOP LOSS/ BUY MORE PRICE ALLOWABLE LOSS TOTAL ALLOW LOSS % TOTAL TODAY'S CLOSE/END PRICE GAIN/LOSS SO FAR END SHARES END BUY/SELL PRICE END GAIN/LOSS END % GAIN/LOSS TOTAL GAIN/LOSS TOTAL % GAIN/LOSS PARTIAL 1 SHARES PARTIAL 1 BUY/SELL PRICE PARTIAL 1 GAIN/LOSS PARTIAL 1 % GAIN/LOSS PARTIAL 2 SHARES PARTIAL 2 BUY/SELL PRICE PARTIAL 2 GAIN/LOSS PARTIAL 2 % GAIN/LOSS PARTIAL 3 SHARES PARTIAL 3 BUY/SELL PRICE PARTIAL 3 GAIN/LOSS PARTIAL 3 % GAIN/LOSS 09/02/20 11.27.15 AU 300 28.01 2,801.00 22.90 -511.00 -18.24% 23.77 -424.00 85 28.51 42.50 1.79% 115 28.57 64.40 2.00% 10/22/20 15.39.11 AU 100 25.50 2,550.00 22.90 -260.00 -10.20% 23.77 -173.00 11/24/20 14.15.24 AU 200 20.84 4,168.00 22.90 412.00 9.88% 23.77 586.00

________________________________________ ________________________________________ ____________

GDX Vaneck Vectors Gold Miners ETF

This is a basket of gold mining stocks and if some of you want to know what an ETF does for you in a sector as opposed to buying an individual stock from that sector. Take a look at what happened to AU in the last couple of weeks and you can see that the ETF insulates or smooths out the tide.

First I'll have a look at the 1 year chart with weekly candles.



After making a hi of $45.78 in early August of last year, the price was stuck in a descending channel for months until the first week of March when it put in a low of $30.64. That's a 33.1% pullback for all of you math guys out there. It has since been able to steadily climb to close at $39.42 with Friday's close which is a 28.6% rise off the lows so far. The stochastic line put in a matching low in severely oversold territory then took back up the scale to now be in the overbought section with the look of starting to roll over. The volume last week is about 2/3rds that of the previous week, and take a look at the 20WMA (orange line), it is starting to gap away from the price. This all shows signs of a short term hi in the price or pause in the rising of the price. There is still plenty of room to run on my proprietary momentum meter (green line shown with the volume) so maybe the price can just pause here for a while.

Let's look at the 3 month chart with daily candle closes for a closer look to see what I expect over the next few weeks here.



So the price put in a big break up candle on 5/17, and since then it has been all inside trading near the upper portion of the break up candle with small spikes up to or even slightly above the highs of the break up candle. I consider this a bullish sign with the price hanging out gathering energy to move higher. The stochastic indicator is drifting down and is now almost out of the overbought area with the %K and %d lines hanging out together which indicates a not so strong move. The volume has been decreasing along with the MAC'D, and my momentum indicator. I consider my current position fully loaded now, but I wouldn't bother buying it now for a swing trade with a stop with a daily close under $38.08, or even the support line of $37.56.

TOTALS ALL STOCKS 2021 101,947.95 -7,152.15 3,918.05 2,106.85 MONTH MAY IN 12,724.35 ALLOWED -476.15 GAIN SO 36.65 TOTAL -194.05 TOTALS PER STOCK GDX PLAY 19,242.00 LOSS 1,416.00 FAR 2,439.00 GAIN 0.00 MONTH MAY 0.00 0.00 0.00 0.00 . DATE TIME STOCK TICKER SHARES BEGIN BUY/SELL PRICE TOTAL IN PLAY STOP LOSS/ BUY MORE PRICE ALLOWABLE LOSS TOTAL ALLOW LOSS % TOTAL TODAY'S CLOSE/END PRICE GAIN/LOSS SO FAR END SHARES END BUY/SELL PRICE END GAIN/LOSS END % GAIN/LOSS TOTAL GAIN/LOSS TOTAL % GAIN/LOSS PARTIAL 1 SHARES PARTIAL 1 BUY/SELL PRICE PARTIAL 1 GAIN/LOSS PARTIAL 1 % GAIN/LOSS PARTIAL 2 SHARES PARTIAL 2 BUY/SELL PRICE PARTIAL 2 GAIN/LOSS PARTIAL 2 % GAIN/LOSS PARTIAL 3 SHARES PARTIAL 3 BUY/SELL PRICE PARTIAL 3 GAIN/LOSS PARTIAL 3 % GAIN/LOSS 09/04/20 10.29.46 GDX 50 39.91 1,995.50 37.56 -117.50 -5.89% 39.42 -24.50 09/21/20 10.13.53 GDX 50 40.10 2,005.00 37.56 -127.00 -6.33% 39.42 -34.00 10/22/20 15.50.42 GDX 50 39.20 1,960.00 37.56 -82.00 -4.18% 39.42 11.00 10/26/20 11.13.22 GDX 50 38.63 1,931.50 37.56 -53.50 -2.77% 39.42 39.50 11/24/20 14.12.15 GDX 200 33.65 6,730.00 37.56 782.00 11.62% 39.42 1,154.00 03/01/21 13.08.58 GDX 150 30.80 4,620.00 37.56 1,014.00 21.95% 39.42 1,293.00

________________________________________ ________________________________________ ____________



GLD SPDR Gold Trust ETF

So this is the gold ETF that I always have. Every year, I try to invest enough money in gold so that by the end of the year, I can buy a 5 ounce chunk of actual gold to put away for the family's future inheritance. Been doing it for the last 5 years or so and so far it has been working out that the gains in the price pretty much have been paying for the physical stuff over the course of a year. Starting off this year I thought that there is no way that I would be able to make the needed 10 grand in gains to pay for a 5 oz. chunk, but after taking a quick gander at just before the half way point, I guess it is possible.

Gold typically moves at a glacial pace so I'll have to track a 2 year chart with weekly candle closes to tell the story.



Shyt there is a buttload of items on this chart to talk about but since I got 50Gs in this bitch I need to break it down hard.

Two years ago back from June to Sept in what seems like an entire lifetime ago, gold was riding up the 9WMA nicely to the $140-145 level before it pause to allow for the 20WMA to catch up to the price in a consolidation phase that lasted until we were all expecting Santa (December for the slow people) to show up. Then it started the rise again until hitting the $157.43 area or better yet the cervesa sickness stopped everything in mid February going into March. That brought the price back down to test the former break out area of $140ish, spiked through by a little bit to allow people to jump on board, then shot right back up to over $157.43 by early April. It used this area as support for another couple of months to allow the 20WMA to catch up again before the rocket ride up to $194.45 in the beginning of August. At that point take a look at how far away the 20WMA was, it was like $25. Then the price slowly came down in a channel for about 5 months until just after the Presidential Election were people like me freaked out that we got a dementia patient coming in next. In reality, it was primed for a little run but I think the news is only a catalyst and never a reason, the stochastics just entered the oversold area, the MAC'D was about as low as it gets, and the 50WMA was reached. This is something I like to call a stack of reasons to be a bull with less reasons to be a bear. Going into 2021 the price rose nicely until it hit resistance at the $182.93 level or until knuckleheads decided to wander into the capitol building and make another almost peaceful protest except this time it was coming from the right so all the lefties flipped out. Either way the price of gold got smacked down initially in a tight channel, but by mid February, it gave up the bottom of the channel and dropped down to test, say it with me, a former break out area other wise known as the $157.50ish zone. Again look how far away the 20WMA was at the time. Everyone hated gold at this time which is another reason I bought during this time frame, but look at the stochastics way down in the oversold area. Then there was a bounce and a "double bottom" confirmation in mid March before starting the current run up to the close on Friday which just happens to be at resistance. Now the stochastics are in the overbought territory although the %k and %d lines are quite far apart which is indicating a strong move, and the momentum meter in the volume area is solidly pointing up and still rising. Look at the 20 WMA now, it is starting to get away from the price yet again so I have to look at the 3 month daily chart to get a read on the next couple of weeks.



So I'll pick it up on March 8th when the price hit the bottom for the 1st time. We had a bounce to the bottom of a former descending channel and the 20 DMA only to get rejected with a sharp decline to retest the lows. After that there was a sharp recovery over the 20 DMA and since then it has stayed above. The trend is your friend until you catch her giving your friend a hand job in the laundry room, and right now we are still in a trend. Stochastics are way overbought and have been that way for quite a while now, the volume is steady. There is nothing wrong with this chart. Stay with it until things get below the 20 DMA. I do expect the resistance of the $179 area to be a staging point where price will hang out waiting for the 20DMA to catch up before crossing above for another run.

As you can see, I'm weighed down with the gold so I won't be a buyer unless and until it comes back to the double low area of $157.50.

TOTALS ALL STOCKS 2021 101,947.95 -7,152.15 3,918.05 2,106.85 MONTH MAY IN 12,724.35 ALLOWED -476.15 GAIN SO 36.65 TOTAL -194.05 TOTALS PER STOCK GLD PLAY 49,460.00 LOSS -3,479.00 FAR 4,054.00 GAIN -357.25 MONTH MAY 0.00 0.00 0.00 0.00 . DATE TIME STOCK TICKER SHARES BEGIN BUY/SELL PRICE TOTAL IN PLAY STOP LOSS/ BUY MORE PRICE ALLOWABLE LOSS TOTAL ALLOW LOSS % TOTAL TODAY'S CLOSE/END PRICE GAIN/LOSS SO FAR END SHARES END BUY/SELL PRICE END GAIN/LOSS END % GAIN/LOSS TOTAL GAIN/LOSS TOTAL % GAIN/LOSS PARTIAL 1 SHARES PARTIAL 1 BUY/SELL PRICE PARTIAL 1 GAIN/LOSS PARTIAL 1 % GAIN/LOSS PARTIAL 2 SHARES PARTIAL 2 BUY/SELL PRICE PARTIAL 2 GAIN/LOSS PARTIAL 2 % GAIN/LOSS PARTIAL 3 SHARES PARTIAL 3 BUY/SELL PRICE PARTIAL 3 GAIN/LOSS PARTIAL 3 % GAIN/LOSS 11/24/20 13.39.32 GLD 100 169.60 16,960.00 153.27 -1,633.00 -9.63% 178.38 878.00 02/26/21 3.58.22 GLD 200 162.50 32,500.00 153.27 -1,846.00 -5.68% 178.38 3,176.00

________________________________________ ________________________________________ ____________

ITA Ishares Trust US AER DEF ETFSo this is an ETF of US Aerospace defense stocks. You know stuff like Boeing, Lockheed Martin, Northrop Grumman, and others that make stuff for the military. One of these probably makes that new UFO that looks like a big Tic Tac and does shyt no can explain yet.

Anyway back to reality, I picked up 20 shares of this back on April 16th and as you can see by the chart, I plan on selling half when it gets to the $112.50 area, and the other half at around the $120 area. Either that or I'm out with a stop on a daily close below $98.18. I set up an OCO (one cancels the other) order so this one is pretty much on autopilot. I circled the day I bought it (4/16), then it immediately fell right down to $102.50 before coming back up. It has bounced off of the $102.50 support level a few times already before just recently taking off a little bit. On Thursday we got some good news regarding Boeing so that explains the gap up and a continue day on high volume. On Friday it rested a little bit but didn't give the price back, so now we are inside the breakup candle. I think we hit my first target sometime in the next few weeks, and at that time I'll bring my stop price up to my starting price of $106.60 so I lock in the gains while allowing the other half to try for the $120 level. That price represents the big break down candle from last February when the **-Flu hit the market.

TOTALS ALL STOCKS 2021 101,947.95 -7,152.15 3,918.05 2,106.85 MONTH MAY IN 12,724.35 ALLOWED -476.15 GAIN SO 36.65 TOTAL -194.05 TOTALS PER STOCK ITA PLAY 2,132.00 LOSS -168.40 FAR 74.00 GAIN 0.00 MONTH MAY 0.00 0.00 0.00 0.00 . DATE TIME STOCK TICKER SHARES BEGIN BUY/SELL PRICE TOTAL IN PLAY STOP LOSS/ BUY MORE PRICE ALLOWABLE LOSS TOTAL ALLOW LOSS % TOTAL TODAY'S CLOSE/END PRICE GAIN/LOSS SO FAR END SHARES END BUY/SELL PRICE END GAIN/LOSS END % GAIN/LOSS TOTAL GAIN/LOSS TOTAL % GAIN/LOSS PARTIAL 1 SHARES PARTIAL 1 BUY/SELL PRICE PARTIAL 1 GAIN/LOSS PARTIAL 1 % GAIN/LOSS PARTIAL 2 SHARES PARTIAL 2 BUY/SELL PRICE PARTIAL 2 GAIN/LOSS PARTIAL 2 % GAIN/LOSS PARTIAL 3 SHARES PARTIAL 3 BUY/SELL PRICE PARTIAL 3 GAIN/LOSS PARTIAL 3 % GAIN/LOSS 04/16/21 9.33.32 ITA 20 106.60 2,132.00 98.18 -168.40 -7.90% 110.30 74.00

________________________________________ ________________________________________ ____________


KWEB KraneShares CSI China Internet ETFOK this is the China version of internet companies that provide similar services as Google, Facebook, Twitter, eBay and Amazon. Or as I like to call it China's FANG stocks.

So I bought 15 shares of this at $69.65, and placed a stop right at the low on the chart ($65.72). The stochastics are on the bottom with the 2 lines starting to separate. Volume this week is notably lower than the volume from the week before but I think that is more a function of the entire market pretty much taking the week off last week. I'm looking to get out at around the $78-$79 level in the next couple of weeks.

TOTALS ALL STOCKS 2021 101,947.95 -7,152.15 3,918.05 2,106.85 MONTH MAY IN 12,724.35 ALLOWED -476.15 GAIN SO 36.65 TOTAL -194.05 TOTALS PER STOCK KWEB PLAY 1,044.75 LOSS -58.95 FAR 11.25 GAIN 0.00 MONTH MAY 1,044.75 -58.95 11.25 0.00 . DATE TIME STOCK TICKER SHARES BEGIN BUY/SELL PRICE TOTAL IN PLAY STOP LOSS/ BUY MORE PRICE ALLOWABLE LOSS TOTAL ALLOW LOSS % TOTAL TODAY'S CLOSE/END PRICE GAIN/LOSS SO FAR END SHARES END BUY/SELL PRICE END GAIN/LOSS END % GAIN/LOSS TOTAL GAIN/LOSS TOTAL % GAIN/LOSS PARTIAL 1 SHARES PARTIAL 1 BUY/SELL PRICE PARTIAL 1 GAIN/LOSS PARTIAL 1 % GAIN/LOSS PARTIAL 2 SHARES PARTIAL 2 BUY/SELL PRICE PARTIAL 2 GAIN/LOSS PARTIAL 2 % GAIN/LOSS PARTIAL 3 SHARES PARTIAL 3 BUY/SELL PRICE PARTIAL 3 GAIN/LOSS PARTIAL 3 % GAIN/LOSS 05/24/21 15.55.01 KWEB 15 69.65 1,044.75 65.72 -58.95 -5.64% 70.40 11.25

________________________________________ ________________________________________ ____________

SLV Ishares Silver Trust ETFThis is Silver's version of Gold's GLD. I picked up 2 dimes of this back in January.Let's look at the 1 year chart with weekly candle closes.

Since then the stock has been range bound with the bottom at around $23, and the top at about $26.50. So now the price is bumping up against the upper levels of the range again. The stochastics aren't in the oversold territory yet with the 2 lines far apart which is good. The MAC'D is pretty neutral, the volume is slightly less than normal, and finally the momentum meter is green but flat and pretty low on the scale. I think this stock either grinds higher slowly or gets up to the resistance levels and starts to eat time off the clock. If it gets rejected again and comes back down this time, I'll be looking to buy $2gs more at the 20 WMA which will probably be at $24.50 (or around 80 shares). If it breaks up above resistance and runs, I'll have to wait for a retest of this resistance level before buying more.

TOTALS ALL STOCKS 2021 101,947.95 -7,152.15 3,918.05 2,106.85 MONTH MAY IN 12,724.35 ALLOWED -476.15 GAIN SO 36.65 TOTAL -194.05 TOTALS PER STOCK SLV PLAY 2,361.00 LOSS 89.00 FAR 229.00 GAIN 0.00 MONTH MAY 0.00 0.00 0.00 0.00 . DATE TIME STOCK TICKER SHARES BEGIN BUY/SELL PRICE TOTAL IN PLAY STOP LOSS/ BUY MORE PRICE ALLOWABLE LOSS TOTAL ALLOW LOSS % TOTAL TODAY'S CLOSE/END PRICE GAIN/LOSS SO FAR END SHARES END BUY/SELL PRICE END GAIN/LOSS END % GAIN/LOSS TOTAL GAIN/LOSS TOTAL % GAIN/LOSS PARTIAL 1 SHARES PARTIAL 1 BUY/SELL PRICE PARTIAL 1 GAIN/LOSS PARTIAL 1 % GAIN/LOSS PARTIAL 2 SHARES PARTIAL 2 BUY/SELL PRICE PARTIAL 2 GAIN/LOSS PARTIAL 2 % GAIN/LOSS PARTIAL 3 SHARES PARTIAL 3 BUY/SELL PRICE PARTIAL 3 GAIN/LOSS PARTIAL 3 % GAIN/LOSS 01/22/21 10.03.24 SLV 100 23.61 2,361.00 24.50 89.00 3.77% 25.90 229.00

[Madison]

I'm getting killed on shorting AMC calls. Shorted the June 40 at .50. It's $5 now.

I will fall on my sword with this trade. Well, I'll have to exit with a bloody a-hole if she gets to $50.

I would have been right with you. TY Fidelity for not letting me short. Long term I think the maker will show but I'm sure that doesn't help you short term. AMC rose with the tide of the reopening trade. When the books get opened look out!!

[Slurry Pumper]

So now that you almost broke your fingers scrolling down from my first post, lets give the rest of your fingers another work out as you zip past my longer term outlook on the overall market. On a day to day basis, I spend most of my time looking fro market direction trying to figure out where the money is coming from and where it is going.
1. Dow Jones Transportation Average ($DJT)-- My favorite leading indicator usually leads the market with directional moves. So before the major down turn, I can count on the dow transports to give me a heads up warning that some stuff is getting ready to happen.
2. Russel 2000 Small & Mid Cap (IWM)-- It's like a proxi for the SPY. This is a good look at how most companies are doing without the look at the giant companies that tend to obfuscate the overall market with their movements.
3. S&P 500 (SPY)-- This is the main index I watch on a daily basis trying to figure out which way this index moves gives me a better heads up on when to enter a stock. If this index is down, you can bet that most stocks are having a rough time during the day.
4. Financial ETF (XLF)-- Usually without the banks the market has a hard time moving in either direction. The banks also lead the way in general.
5. SemiConductor ETF (SMH)-- Just like the IWM for the SPY, this is the proxi for the NASDAQ (QQQ). Same deal with the IWM, these stocks are a big look at smaller tech companies and it leaves out the giant FANGMAN stocks.
6. NASDAQ ETF (QQQ)-- These are the Tech stocks and just like the SPY, I spend a lot of time trying to figure out where this is headed on a moment to moment basis.
7. There are a whole shitload of others too numerous to list here, but these 6 indicators are the main ones I look at when it comes to the overall picture. You can be sure that I am monitoring the main sectors, currencies, commodities, and yes even the news on a constant basis everyday all while simultaneously designing the latest in slurry pumping technology for my clients, because I'm still the best at pumping stuff that would make a 30 year plumbing professional gag.

So to put this together, it is kind of like counting cards, a good thing gets a +1 and a negative thing gets a -1. Sometimes things get a +2 or -2 depending on how important or how big of a plus or minus I think it is at that particular time. So in the end if enough items stack up on one side or the other, my sentiment gets stronger towards the overall markets moving in that direction. Most of the time all the markets will move in unison, although the degree for each is a little different. Sometimes there are divergences and these divergences need to be looked at closely because markets have a way of working out the divergences to move in the same direction.
I watch several charts starting with the daily chart with 10 minute candles, then the daily chart with hourly candles, half day candles, daily candles, weekly, monthly, and just about all of the other stuff in between. I tell ya it is redonkulous how many charts I continuously look at from moment to moment. For this look, I am primarily looking at the long term view on charts that have monthly candles so things move slowly, but just like the other charts. They all act the same and do the same thing. If I were to toss up a chart and not tell you what time interval or candle increments there are, it would be very hard to determine which is which.
So lets get it started with the 3 Year Chart of the SPY with monthly candle closes.
First off the 1st thing you see is that the market has been on a steady pace up the side of the mountain for the entire time. Only are only a couple months in there were we saw a downturn. Even last year's dip was short lived. So as we say the trend is your friend until your friend is banging the trend on your couch in the pile driver position. That is the main take away so I have to give this a +3. We do have some warning signs to keep in mind however. That pesky 20 Month Moving Average is a long way from the price. In fact the SPY can drop probably 60 points and still not be at the 20 MMA. That's huge and if it were to happen people would be flipping out over it while in fact the trend wouldn't be anywhere near any of my asshole friends yet. Ok maybe a quick hand job but that's about it. I have to give this a -1. Look at the stochastic lines, they are in the stupidly overbought condition and getting stupider. As you can see however the stochastic can and does hang out in the overbought level for quite a while. It is more a signal that the market is just grinding higher. I can't give this a positive number at this time so we put it at -.5. The MAC'D is very high but still climbing so I call that a neutral thing as well but keep aware of just how high it is +.5. This month the SPY put in a hangman doji candle which isn't good. A hangman candle means that people are buying the dip but the up side just isn't coming through. We'll give that a -1 for a score to make the overall SPY chart a +1.Now lets look at the 3 Year chart of the IWM with monthly candle closes.

So the first thing that jumps off the page at me is that the trend is still my friend here with the chart solidly above the 20 MMA so until it gets below I have to put that piece of the puzzle as a positive development but the score isn't as strong as the SPY trend so I'll give it a +2. The next thing I see is that the IWM can't seem to get above the 227.70 level with 4 months now of reaching but not able to put it behind it and use that level as support. I have to give that a -1. Then look at the last 3 candles, we have a doji, then a pseudo doji (which is a fatter doji basically), then a definite hangman. I got to call this a -1 on the score card. Next lets look at the 20MMA again is is way too far extended from the price. That's a negative in my book -1. The stochastics are stuck again in the overbought condition so we'll call that almost neutral again because the 2 lines are in lock step and don't have the look of moving down yet -.5. The MAC'D is high but still climbing so we'll give it a +.5. Total score -1.I have a small short position on this one. Actually it is the 3X short play (TZA). If this drops below the 208ish level or where the first doji candle low is, it may be a bad month for the small to mid caps.What are the financials doing? Again back to the 3 Year chart with monthly candle closes to find out.

The trend here is your friend again and she's not even looking at your nasty beer drink slob of a friend yet, so your still in the pile drive position yourself and puting a pounding down on that. This gets a +3.5. The 20 MMA is still far away and getting farther so we have to give that a -1. The stochastics are in the overbought area but they are still rising and the 2 lines are still apart from one another. +1. The MAC'D is rising still +1 so nothing is wrong with the financials at the moment. +4.5 I'm not buying for long term because this train has left the station but looking for short couple of week swing trades is in the cards possibly.How is the QQQ been lately you ask? Well looking at the 3 year chart with monthly closes will tell the tale of the tape here as well.

Again the trend is still your friend here as well, but she isn't as strong of a trend as you may think. She is absolutely looking at all of your friends as they come over and just waiting to make her move on one of them when you go away to take care of your sick grandmother one week. Still I its a trend so we'll give it the +2. The reason this trend is still your friend here has more to do with stuff that happened long ago, the last 5 months have been rocky, a doji candle, a ascending hammer candle, a hangman candle then a regular candle that looks like a break up candle next to all the other near by candles, and finally another hangman candle from last month. This is preyy weak stuff here I have to give it a -2. Look at the stochastics, overbought for a while yet but just recently it has opened up slightly so I'll say it is no score 0. MAC'D is at the same level it has been at for months as well, I'll have to give that a no score as well 0. There is significant selling volume for 2 out of the last 3 months -1. Oh, did I mention that the 20MMA is far away again. Seems like a running theme throughout the entire market -1. Total score -2.Hey Mr. Pumper how does the SMH look? I suggest you look at the 3 Year chart with monthly candle closes.

OK stop pestering me. Again this chart has the freindly trend here but only because of past deeds. Don't turn your back on this one it got the look of leaving pretty soon. +1. Even your biggest goofball friend is being looked at with this one. Have a look at the last 5 month's worth of candles and I say that warning signals are going off here. We have 2 ascending hammers followed up by a large hangman, another ascending hammer and just last month another hangman. Al while not being able to get above the 260 level.Score this as a -2.5. Then again with the 20MMA being way below the current price -1. Stochastics are level and overbought again, -.5. The MAC'D is still rising so +.5 for that indicator. Look at the volume, doesn't it appear like there is more trading going on lately? Sure looks that way to me and I have to think that most of that trading is selling and not buying -.5. Total score here -3.This is why I have a small short position in the QQQs (actually I bought the SQQQ). The whole DAQ looks like it is ready for a larger pullback here and when it goes, the entire market will probably come back with it.So now lets have a look at what I like to think of my favorite canary in the coal mine indicator, but this time we'll be looking at the 2 Year chart with weekly candle closes to get a quicker acting look at what the market is doing lately.

Can't help but notice the trend yet again here. +3. The top of the trend is wavering slightly but you really can't complain much -.5. Then the volume is lighter than normal and its been that way for a while -.5. The Stochastics are rolling over and pointing down with the 2 lines starting to separate -1. The 20WMA is a little bit away but not that bad at this time -.5 Total score +.5.All in all I see the market rising this next month but do not be surprised if things turn bad, and when they do it can get real bad before seeing real support. The market has a theme through all indices of being overbought and far away from the magnetic 20 period moving average. The trend is your friend so we keep at it but keep a keen eye out for a catalyst to turn it around. One real bad news day can stop everything in its tracks.

Wow, with all of this dribble you would think that I don't have family or friends to hang out with this holiday weekend. The reality is I need to do this from time to time to be the umpire calling balls and strikes to determine how to distribute my funds. Been sitting here with the family remembering all of the veterans in the family who didn't come back and there are quite a few in the Slurry Pumping family that fell to the enemy over the years so I have been raising a toast pretty much all day to them, and I hope you raise a toast as well because with out their sacrifice we would already be under different rule. Enjoy the rest of the holiday.

[RoyBacon]

I would have been right with you. TY Fidelity for not letting me short. Long term I think the maker will show but I'm sure that doesn't help you short term. AMC rose with the tide of the reopening trade. When the books get opened look out!!

My short calls are with Fidelity. LOL. I got a big wire coming in tomorrow to hold my position. Maybe even add to it. I'll sell the AMC June 40 at $5 all day long.

AMC has a negative book value. They are a dog even without covid. But I realize it could be a squeeze that takes it to $100.

I've made a fortune shorting GME and AMC calls since late Jan. But it's give back time now maybe.

[ex50warrior]

My Lord, just looked at AMC and the options premium is crazy! I'm going to try and sell the June 50 calls tomorrow at $4. Thanks for the idea.

And Slurry, I enjoy reading your TA updates and slowly but surely am actually learning a few bits and pieces. I appreciate you taking the time to share. Good stuff.

[guitarjosh]

So now that you almost broke your fingers scrolling down from my first post, lets give the rest of your fingers another work out as you zip past my longer term outlook on the overall market. On a day to day basis, I spend most of my time looking fro market direction trying to figure out where the money is coming from and where it is going.
1. Dow Jones Transportation Average ($DJT)-- My favorite leading indicator usually leads the market with directional moves. So before the major down turn, I can count on the dow transports to give me a heads up warning that some stuff is getting ready to happen.
2. Russel 2000 Small & Mid Cap (IWM)-- It's like a proxi for the SPY. This is a good look at how most companies are doing without the look at the giant companies that tend to obfuscate the overall market with their movements.
3. S&P 500 (SPY)-- This is the main index I watch on a daily basis trying to figure out which way this index moves gives me a better heads up on when to enter a stock. If this index is down, you can bet that most stocks are having a rough time during the day.
4. Financial ETF (XLF)-- Usually without the banks the market has a hard time moving in either direction. The banks also lead the way in general.
5. SemiConductor ETF (SMH)-- Just like the IWM for the SPY, this is the proxi for the NASDAQ (QQQ). Same deal with the IWM, these stocks are a big look at smaller tech companies and it leaves out the giant FANGMAN stocks.
6. NASDAQ ETF (QQQ)-- These are the Tech stocks and just like the SPY, I spend a lot of time trying to figure out where this is headed on a moment to moment basis.
7. There are a whole shitload of others too numerous to list here, but these 6 indicators are the main ones I look at when it comes to the overall picture. You can be sure that I am monitoring the main sectors, currencies, commodities, and yes even the news on a constant basis everyday all while simultaneously designing the latest in slurry pumping technology for my clients, because I'm still the best at pumping stuff that would make a 30 year plumbing professional gag.

So to put this together, it is kind of like counting cards, a good thing gets a +1 and a negative thing gets a -1. Sometimes things get a +2 or -2 depending on how important or how big of a plus or minus I think it is at that particular time. So in the end if enough items stack up on one side or the other, my sentiment gets stronger towards the overall markets moving in that direction. Most of the time all the markets will move in unison, although the degree for each is a little different. Sometimes there are divergences and these divergences need to be looked at closely because markets have a way of working out the divergences to move in the same direction.
I watch several charts starting with the daily chart with 10 minute candles, then the daily chart with hourly candles, half day candles, daily candles, weekly, monthly, and just about all of the other stuff in between. I tell ya it is redonkulous how many charts I continuously look at from moment to moment. For this look, I am primarily looking at the long term view on charts that have monthly candles so things move slowly, but just like the other charts. They all act the same and do the same thing. If I were to toss up a chart and not tell you what time interval or candle increments there are, it would be very hard to determine which is which.
So lets get it started with the 3 Year Chart of the SPY with monthly candle closes.
First off the 1st thing you see is that the market has been on a steady pace up the side of the mountain for the entire time. Only are only a couple months in there were we saw a downturn. Even last year's dip was short lived. So as we say the trend is your friend until your friend is banging the trend on your couch in the pile driver position. That is the main take away so I have to give this a +3. We do have some warning signs to keep in mind however. That pesky 20 Month Moving Average is a long way from the price. In fact the SPY can drop probably 60 points and still not be at the 20 MMA. That's huge and if it were to happen people would be flipping out over it while in fact the trend wouldn't be anywhere near any of my asshole friends yet. Ok maybe a quick hand job but that's about it. I have to give this a -1. Look at the stochastic lines, they are in the stupidly overbought condition and getting stupider. As you can see however the stochastic can and does hang out in the overbought level for quite a while. It is more a signal that the market is just grinding higher. I can't give this a positive number at this time so we put it at -.5. The MAC'D is very high but still climbing so I call that a neutral thing as well but keep aware of just how high it is +.5. This month the SPY put in a hangman doji candle which isn't good. A hangman candle means that people are buying the dip but the up side just isn't coming through. We'll give that a -1 for a score to make the overall SPY chart a +1.Now lets look at the 3 Year chart of the IWM with monthly candle closes.

So the first thing that jumps off the page at me is that the trend is still my friend here with the chart solidly above the 20 MMA so until it gets below I have to put that piece of the puzzle as a positive development but the score isn't as strong as the SPY trend so I'll give it a +2. The next thing I see is that the IWM can't seem to get above the 227.70 level with 4 months now of reaching but not able to put it behind it and use that level as support. I have to give that a -1. Then look at the last 3 candles, we have a doji, then a pseudo doji (which is a fatter doji basically), then a definite hangman. I got to call this a -1 on the score card. Next lets look at the 20MMA again is is way too far extended from the price. That's a negative in my book -1. The stochastics are stuck again in the overbought condition so we'll call that almost neutral again because the 2 lines are in lock step and don't have the look of moving down yet -.5. The MAC'D is high but still climbing so we'll give it a +.5. Total score -1.I have a small short position on this one. Actually it is the 3X short play (TZA). If this drops below the 208ish level or where the first doji candle low is, it may be a bad month for the small to mid caps.What are the financials doing? Again back to the 3 Year chart with monthly candle closes to find out.

The trend here is your friend again and she's not even looking at your nasty beer drink slob of a friend yet, so your still in the pile drive position yourself and puting a pounding down on that. This gets a +3.5. The 20 MMA is still far away and getting farther so we have to give that a -1. The stochastics are in the overbought area but they are still rising and the 2 lines are still apart from one another. +1. The MAC'D is rising still +1 so nothing is wrong with the financials at the moment. +4.5 I'm not buying for long term because this train has left the station but looking for short couple of week swing trades is in the cards possibly.How is the QQQ been lately you ask? Well looking at the 3 year chart with monthly closes will tell the tale of the tape here as well.

Again the trend is still your friend here as well, but she isn't as strong of a trend as you may think. She is absolutely looking at all of your friends as they come over and just waiting to make her move on one of them when you go away to take care of your sick grandmother one week. Still I its a trend so we'll give it the +2. The reason this trend is still your friend here has more to do with stuff that happened long ago, the last 5 months have been rocky, a doji candle, a ascending hammer candle, a hangman candle then a regular candle that looks like a break up candle next to all the other near by candles, and finally another hangman candle from last month. This is preyy weak stuff here I have to give it a -2. Look at the stochastics, overbought for a while yet but just recently it has opened up slightly so I'll say it is no score 0. MAC'D is at the same level it has been at for months as well, I'll have to give that a no score as well 0. There is significant selling volume for 2 out of the last 3 months -1. Oh, did I mention that the 20MMA is far away again. Seems like a running theme throughout the entire market -1. Total score -2.Hey Mr. Pumper how does the SMH look? I suggest you look at the 3 Year chart with monthly candle closes.

OK stop pestering me. Again this chart has the freindly trend here but only because of past deeds. Don't turn your back on this one it got the look of leaving pretty soon. +1. Even your biggest goofball friend is being looked at with this one. Have a look at the last 5 month's worth of candles and I say that warning signals are going off here. We have 2 ascending hammers followed up by a large hangman, another ascending hammer and just last month another hangman. Al while not being able to get above the 260 level.Score this as a -2.5. Then again with the 20MMA being way below the current price -1. Stochastics are level and overbought again, -.5. The MAC'D is still rising so +.5 for that indicator. Look at the volume, doesn't it appear like there is more trading going on lately? Sure looks that way to me and I have to think that most of that trading is selling and not buying -.5. Total score here -3.This is why I have a small short position in the QQQs (actually I bought the SQQQ). The whole DAQ looks like it is ready for a larger pullback here and when it goes, the entire market will probably come back with it.So now lets have a look at what I like to think of my favorite canary in the coal mine indicator, but this time we'll be looking at the 2 Year chart with weekly candle closes to get a quicker acting look at what the market is doing lately.

Can't help but notice the trend yet again here. +3. The top of the trend is wavering slightly but you really can't complain much -.5. Then the volume is lighter than normal and its been that way for a while -.5. The Stochastics are rolling over and pointing down with the 2 lines starting to separate -1. The 20WMA is a little bit away but not that bad at this time -.5 Total score +.5.All in all I see the market rising this next month but do not be surprised if things turn bad, and when they do it can get real bad before seeing real support. The market has a theme through all indices of being overbought and far away from the magnetic 20 period moving average. The trend is your friend so we keep at it but keep a keen eye out for a catalyst to turn it around. One real bad news day can stop everything in its tracks.

Wow, with all of this dribble you would think that I don't have family or friends to hang out with this holiday weekend. The reality is I need to do this from time to time to be the umpire calling balls and strikes to determine how to distribute my funds. Been sitting here with the family remembering all of the veterans in the family who didn't come back and there are quite a few in the Slurry Pumping family that fell to the enemy over the years so I have been raising a toast pretty much all day to them, and I hope you raise a toast as well because with out their sacrifice we would already be under different rule. Enjoy the rest of the holiday.

You don't look at junk bonds like HYG, JNK or MHCAX?

[trobin31]

Many of the Chinese stall-worth are massive oversold and showing signs of extreme selling exhaustion....I am going to to buy swing calls for JD PDD DADA and YSG

[Slurry Pumper]

You don't look at junk bonds like HYG, JNK or MHCAX?

Yeah, I don't do bonds much with the money I can get at. I actually have all bonds in all of my various 401Ks that are laying around from former jobs I've had but since I can't get that money for another 15 years or so, I just stick with the basic stuff they offer in the 401K. I do look at the TLT, SHY and a few others from time to time, but really I only use that to gage the price of money. I know that if I were to expand my look into bonds, I would probably want to do junk bonds just because I don't see government bonds as keeping up with inflation. I wouldn't be able to speak with any knowledge as to how the junk bonds are going to perform.
My main focus from day to day is scalping the SPY from inflection point to inflection point. Even my long term stuff is a smaller share of the action I look at from day to day. So I guess I treat it as a gambling thing which explains why I sit here day after day just looking at charts like some kind of junky.

[Bostongambler]

Looking and cheering for LTNC to get pink current.

[Slurry Pumper]

OK so looking at my extensive writings from the weekend I see that the market is ready to move higher today. I suspect that this week will be a good one where we start to see the all time high in the SPY breached, and even the NASDAQ will come close to the all time highs. Usually after a holiday weekend there is a feeling of well being and that tends to lead the markets higher for a few days. WE do have stuff in the week that may be hills and valleys of course but for today I think it is full steam ahead, unless someone comes out and says something stupid.

[Slurry Pumper]

A gap and crap out of a holiday weekend is a rare ugly duck this morning. I think a bounce off of Friday's lows for the SPY is where I'll put some money to work on the long side. 419.70ish.

[Slurry Pumper]

A gap and crap out of a holiday weekend is a rare ugly duck this morning. I think a bounce off of Friday's lows for the SPY is where I'll put some money to work on the long side. 419.70ish.

This idea is not working today, i'm out and will wait to see if the bulls put up a rescue operation to this break down candle today.

[KVB]

There was a small error int he charts I was posting in this threasd since May 21st. I had an extra loss included that day that didn't exist.

Chart is only slightly altlered...

[trobin31]

Many of the Chinese stall-worth are massive oversold and showing signs of extreme selling exhaustion....I am going to to buy swing calls for JD PDD DADA and YSG

Just getting started, buy any weakness, still 20-30% upside

[allabout the $$$]

My short calls are with Fidelity. LOL. I got a big wire coming in tomorrow to hold my position. Maybe even add to it. I'll sell the AMC June 40 at $5 all day long.

AMC has a negative book value. They are a dog even without covid. But I realize it could be a squeeze that takes it to $100.

I've made a fortune shorting GME and AMC calls since late Jan. But it's give back time now maybe.

hope you got out of your position

[trobin31]

Solars looked primed for a reversal...I prefer SunRun, I got shares and grab some leverage around 55 strike exp August

[trobin31]

Easy money on meme stocks has been made, I wouldn’t be chasing any of them. Some are trying to chase and it’s no different than chasing in sports betting. I wouldn’t even trust the technicals on them. There’s so much other sound money to be made with reopening trades, it’s all just distractions while they either build a position in the real trade or pulling the rug somewhere else.

[RoyBacon]

hope you got out of your position

I closed half out yesterday and some more today. I'm going to stay short on 40 and end up shorting 4k shares at $40.

I made a fortune shorting GME calls but they got a lot back on this one. I was shorting the 40's at .50 and buying them back between $6-$11. Fuggers...

[Madison]

I'm getting killed on shorting AMC calls. Shorted the June 40 at .50. It's $5 now.

I will fall on my sword with this trade. Well, I'll have to exit with a bloody a-hole if she gets to $50.

Insider selling ... check it out. Not sure % wise but a lot of shares recently.

[Madison]

My short calls are with Fidelity. LOL. I got a big wire coming in tomorrow to hold my position. Maybe even add to it. I'll sell the AMC June 40 at $5 all day long.

AMC has a negative book value. They are a dog even without covid. But I realize it could be a squeeze that takes it to $100.

I've made a fortune shorting GME and AMC calls since late Jan. But it's give back time now maybe.

Roy, I'm trading my 401k which they won't let me short. You?? I would love to have the flexibility to short.

[JayLA]

Didn't i say AMC would gain?

[ex50warrior]

Didn't i say AMC would gain?

It's insane how the stock is trading!! Caught in a buzz saw, margin calls can be brutal.

[GzaTheGenius]

When should I sell my AMC though?

[Goat Milk]

Any crazy undervalued solar stocks? Obviously solar is the future, but some are overvalued and some are undervalued. Some of these solar companies will get crushed. Which ones will thrive? A low radar one.

[chico2663]

I closed half out yesterday and some more today. I'm going to stay short on 40 and end up shorting 4k shares at $40.

I made a fortune shorting GME calls but they got a lot back on this one. I was shorting the 40's at .50 and buying them back between $6-$11. Fuggers...

After some of the shit you talked me into buying...took initial investment out of amn and bought more li. Going to be a brigggghhhttt ,sunny day.

[chico2663]

When should I sell my AMC though?

Take initial out....that way you will stay up. I think people involved in movie business are propping it up.

[trobin31]

any crazy undervalued solar stocks? Obviously solar is the future, but some are overvalued and some are undervalued. Some of these solar companies will get crushed. Which ones will thrive? A low radar one.

asti

[trobin31]

Black gold: OIH GUSH ...make it rain

[Goat Milk]

Have a great pick for you guys:

KULR

- Endorsed by NASA
- Their technology helps cool down batteries
- Tech called "groundbreaking" and may become "mandatory"
- Uplisted to exchange on June 7th
- Revenue skyrocketted over 400% with government contracts this quarter.

Currently at 2.30ish. Gonna grab some tomorrow morning and hold it long term. Not selling it.