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

**homie1975** · 10-11-21, 05:14 PM

Originally posted by Slurry Pumper

Well just like I thought the nasdaq was set to at least dip down a little bit and I was lucky enough to get the QQQ to move up to resistance of $362.30 and spike through long enough for me to get rid of it and the buy the SQQQ for the kill into the close routine today. Right now the QQQs close just below the 50 DMA, and right at a place where if they don't hold which I don't think they will, then the lows of a few days ago at $350ish will be on the docket.

well done !!

**trobin31** · 10-11-21, 05:50 PM

Market looks very weird to me, spy & dow kind distributing to me, maybe I’m wrong, but being cautious, added a little more UVXY

**chico2663** · 10-11-21, 06:15 PM

I am dumping dec. until I am sure they aren’t going to crash the economy.

**trobin31** · 10-11-21, 06:21 PM

Originally posted by chico2663

I am dumping dec. until I am sure they aren’t going to crash the economy.

Way I see it, there still plenty of cash they are trying to get at on the sideline, this whole supply chain, China real estate, inflation & taper timeline has only made those same people who have been sidelined since last year only more nervous...the banks know this, they can see money sitting in people’s accounts...they will likely try to get these people an enticing opportunity and go after them. They probably already have a roledex of names waiting with agents waiting to call their targets.

**trobin31** · 10-12-21, 07:15 AM

Black Gold & Yellow Cake

the problem now, geni is out of the bottle and I don’t think the controlling powers have enough ammunition to control hoarding behaviors to drive down costs.

Might not go in a straight line but everyone might want to mentally prepare for higher oil costs than we’ve ever seen before.

uranium, the yellow cake spot price may be finding an anchor here in high 30s before the impending reversal higher, same fundamentals are in place to see an epic bull run

**trobin31** · 10-12-21, 07:27 AM

^ the looming issue as energy and commodity costs weigh on businesses, overhead and margins are effected...driving down GDP and is very concerning for looming recession.

**homie1975** · 10-12-21, 09:52 AM

Originally posted by trobin31

^ the looming issue as energy and commodity costs weigh on businesses, overhead and margins are effected...driving down GDP and is very concerning for looming recession.

TRober no doubt in a "normal economy" but the fundamentals remain strong underneath all of these headwinds, no?

**trobin31** · 10-12-21, 10:51 AM

Originally posted by homie1975

TRober no doubt in a "normal economy" but the fundamentals remain strong underneath all of these headwinds, no?

IMF, nomura, Goldman, all cut gdp forecasts simultaneously. So there are real issues. I don’t understand logistics, but some people I speak with in shipping business says there are issues they don’t how we get past anytime soon

**Slurry Pumper** · 10-12-21, 11:51 AM

So the dip here is having trouble actually getting below a keep number. As I type this, I think that the low for the next couple of days in the SPY is like right now. $434ish. Taking a SPY Call Options here for $435 strike next friday close.

**Slurry Pumper** · 10-12-21, 05:30 PM

So I was trying for an area today where the SPY was going to bounce off and I took at chance on an area of about $434ish. A look below at a SPY 20 day chart with 1 hour candles show a trend line that was being followed pretty much all day today.
After getting below that yellow dashed line about 2 weeks ago the SPY bumped up against it a few times before getting above last Thursday on a big gap up. Since then the price was making its way back down to fill the gap left over which is about $435ish. Today the price was trading around the trend line all day and I jumped on board for the bounce, but it didn't come.
At the very end of the day the price gave up that trend line but tried to come back. That was in the last minute in fact when the price made a run back up to the trend line and actually came within about a dime of the being there only to slip and fall back to close about 50 cents below.

I still think that there is a chance we will se a bounce tomorrow off the open, but the more likely scenario is it sinks down and we might see it challenge the $429.35 area. I'll buy more options there if the price runs down there in a quick fashion tomorrow, if it just stair steps down, I'll probably hold the options to see if a bounce happens without buying more and sell if it gives up the $426 neighborhood.

If price slips below $426, then I think we see $407 or the 200 DMA sooner that later.

**veriableodds** · 10-12-21, 05:37 PM

Originally posted by chico2663

I am dumping dec. until I am sure they aren’t going to crash the economy.

love the dividend capture strategy in December , companies that report quarterly or more prefer annual payouts. Buy 15 seconds before the EX-date sell immediately after next open with limit's .. well its kinda like x-mas all over again

**chico2663** · 10-12-21, 07:07 PM

Problem is that company that gives a 1.00 dividend may drop 5.00. So you have to hold that stock for 6 months.

**veriableodds** · 10-12-21, 07:47 PM

Originally posted by chico2663

Problem is that company that gives a 1.00 dividend may drop 5.00. So you have to hold that stock for 6 months.

Talking holding a share for no more than 1/2 hour not six months
RVI ex-dividend ($1.16c share)date is tomorrow one would buy seconds before close today sell @ open next day (tomorrow) the ex day which is recorded as being eligible for a dividend. with parameters.. Just cause a stocks current real price is 10c does not mean someone will not pay 13c for it
watch what happens.. been doing this a long time Typically stock will retain at least 30% of what it theoretically should go down. Also since the stock, etn, etf or whatever is market driven it flows/follows the trend of the market.. seen stocks go up higher on ex date than the actual dividend because that's what market did .. Takes many times, and sharp eye to do this, its just another tool in tool box

**veriableodds** · 10-13-21, 08:35 AM

could of closed position on RVI only 23c down making 93c per share(1.16 - 0.23=0.93)
that's not six months

**veriableodds** · 10-13-21, 09:26 AM

ok will do one more of these $MVO ex-div (pays 0.37c) is tomorrow will post buy price before market closes today. Its an oil holder stock so do not see it dropping more than 20c at the absolute most because oil technically never moves that much in one day.

**veriableodds** · 10-13-21, 03:34 PM

ok @3:35pm est pickup up $MVO(8.81-p.share) we will see how opening bell goes

**Slurry Pumper** · 10-13-21, 06:00 PM

The last few days, I've been telegraphing a trade I'm in and as time is going on I like it even more. I think we are on the verge of an explosive move. Sure it may be a move lower but I think that things are setting up or a move north. I don't have the time to put up all the charts here, and if I was smart, I would make a video but I'm not too experienced in that process.
Just to say that there are a shit load of charts that are lining up to indicate a move higher. Since I've been showing the SPY lately, I'll stick with that one, but the others like IWM, $DJT, and others are all looking good for the bulls here.
Below is the 10 Day chart of the SPY with 2 hour candles.
The 1st arrow is where I told you about the trade and it is where I made my first buy. At the time I was looking for a reversal off a retest of a former breakout area.
The second arrow is the low from today, and another spot that I bought some more options. I told you that if it came back down quick, I was going to buy more, and have a look at the candle. After gapping up the SPY turned around and dropped like a stone which probably shocked some people and got them to sell in the hole even before it got to the edge. The price then shot back up leaving a pretty good tail candle which is something I look for as a change in direction.
The rest of the day the SPY moved up and closed right at about the place it opened up at today.

Don't be surprised if we wake up tomorrow morning and there is a positive catalyst to send the SPY to the circled area of $439. If the price can get above that, that would also complete a upside down head and shoulder pattern and things would continue in an explosive manner.

So the plan is to ride the SPY to the 439 area and maybe sell some options to lock in the profits while keeping some for a possible rocket shot up higher.
I'm dead wrong when the SPY starts closing 10 minute and 15 minute candles below today's low which is 431.40ish.

**Sanity Check** · 10-13-21, 07:45 PM

**Sanity Check** · 10-13-21, 09:17 PM

**Slurry Pumper** · 10-14-21, 07:43 AM

Well there's part 1, the SPY is hanging out at the $439 level. When the market opens if it doesn't get rejected, we should have another leg up to around the $443.50 area. There are a couple of resistance zones on the way, but I think that would be a good goal for the end of the week rip you a new one rally.

True to form, I unload about half of the position here to lock in some profits for my efforts.

**homie1975** · 10-15-21, 11:22 AM

Melt Up............

**trobin31** · 10-15-21, 11:23 AM

BTC is now a regulated security, about to see a rush of capital like nothing since dotcom

**Slurry Pumper** · 10-15-21, 11:23 AM

Its the end of the week and if anyone else bought the SPY Calls, 435 strike that expire 10/22/21, lets go to the numbers and see how it went.

I first bought at around 1:00 PM on Tues (1/12) at $4.35 per contract, then bought again at about 10 am on Wed (1/13) at $3.12 per contract.
Now I sold half yesterday at the open at $6.60, and I am still holding the other half and price is currently $10.80.

So I made 51.7% on the 1st half of the trade, and right now I'm up 346% on the 2nd half of the trade. I'm probably going to hold the 2nd half to see if we have a end of the day short capitulation thing going on into the weekend which would send the price higher. If not that's cool, I'll sell if the candles start getting below $444 on SPY, which equates to about $9.75ish on the contract which would still be about 300% gain.

If you took the trade good job, but it is time to take profits going into the weekend.

**trobin31** · 10-15-21, 08:25 PM

If you guys want to scalp something quick on this Oil move, RIG looks ready as can be

**trobin31** · 10-15-21, 08:35 PM

I've mentioned HUT bitcoin miner before back at $6, now at $12, there's still another 150% move on deck....this is the best miner play in my book right now

**trobin31** · 10-15-21, 08:37 PM

COIN is going to mid 300s most likely soon as long as BTC holds course

**Sanity Check** · 10-15-21, 08:54 PM

Originally posted by trobin31

BTC holds course

Numerai has potential.

Numerai

https://numer.ai/

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**chico2663** · 10-16-21, 07:26 AM

Tesla on the way to the moon

**trobin31** · 10-17-21, 05:08 PM

Originally posted by chico2663

Tesla on the way to the moon

Yes, it is, watch amazon, might be on verge of a breakout

**Doublethink** · 10-17-21, 05:24 PM

I like OIL right here. It doesn't look like it wants to stop going higher from here. I got long $24.80 Fri. Who knows?

**Slurry Pumper** · 10-17-21, 07:49 PM

Been on oil for about 3 months now. Not that I needed to be alerted to it, but the Trobinator reminded me back in July I think. Maybe even earlier this year when companies like RIG were on the verge of going under. Now with oil climbing, RIG is bringing some deep well ocean rigs out of mothballs and we may see my deep sea excavator pump in action before long if this keeps up. Its a total environmental wrecker that eats everything at the bottom of the ocean to go after frozen water around methane. There's a shitload of it down there, but its hard to get at and expensive. If they bring that bad boy out to play that will piss off some people if they find out.

**ex50warrior** · 10-17-21, 08:21 PM

Dammit, you guys nailed it. Nice call.

I'm sitting here with my dik in my hand waiting for a 10% pullback. Idiot!!

**chico2663** · 10-18-21, 12:21 PM

Originally posted by trobin31

If you guys want to scalp something quick on this Oil move, RIG looks ready as can be

I have lost my arse on rig over the years

**chico2663** · 10-18-21, 12:27 PM

Originally posted by Slurry Pumper

Been on oil for about 3 months now. Not that I needed to be alerted to it, but the Trobinator reminded me back in July I think. Maybe even earlier this year when companies like RIG were on the verge of going under. Now with oil climbing, RIG is bringing some deep well ocean rigs out of mothballs and we may see my deep sea excavator pump in action before long if this keeps up. Its a total environmental wrecker that eats everything at the bottom of the ocean to go after frozen water around methane. There's a shitload of it down there, but its hard to get at and expensive. If they bring that bad boy out to play that will piss off some people if they find out.

I have owned vtgdf since it was 1.25 but now it is so low. But with 110,000 units. I have owned mro for same time. Shit went back up. But Tesla is climbing. If they get into solar like they profess this shit could be a 2500 a share stock. Mac gave us Nadia when it was 43 a share.

**trobin31** · 10-20-21, 02:07 PM

IWM Russell breaking out on daily, small cap season= window dressing