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

**jjgold** · 03-01-21, 12:25 PM

You will never make money hit and run

All the suckers get chewed allive

**Slurry Pumper** · 03-01-21, 06:03 PM

Well as I stated in my long winded post over the weekend, I bought some GDX during lunch today with out even realizing it. So I picked up another 150 shares at $30.80. I really starting to get a full sh!T load of gold mining stock to go along with the Gold stocks I own. Of course these stocks are out of favor now, an will probably remain that way for a little while longer with interest yields going up up and away. No worries, I can keep buying and holding for a while until I start to say uncle, and when gold keeps going down I just keep buying it up. The proceeds for my long term holdings go to the kids when I take a dirt nap anyway so what the hell do I care.

TOTALS ALL STOCKS		2021			84,764.00		-10,394.00			-5,085.00					2,264.75
MONTH		MAR		IN	4,620.00	ALLOWED	-495.00		GAIN SO	15.00				TOTAL	0.00
TOTALS PER STOCK		GDX		PLAY	19,242.00	LOSS	-4,117.00		FAR	-2,247.00				GAIN	0.00
MONTH		MAR			4,620.00		-495.00			15.00					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	27.50	-620.50	-31.09%	30.90	-450.50
09/21/20	10.13.53	GDX	50	40.10	2,005.00	27.50	-630.00	-31.42%	30.90	-460.00
10/22/20	15.50.42	GDX	50	39.20	1,960.00	27.50	-585.00	-29.85%	30.90	-415.00
10/26/20	11.13.22	GDX	50	38.63	1,931.50	27.50	-556.50	-28.81%	30.90	-386.50
11/24/20	14.12.15	GDX	200	33.65	6,730.00	27.50	-1,230.00	-18.28%	30.90	-550.00
03/01/21	13.08.58	GDX	150	30.80	4,620.00	27.50	-495.00	-10.71%	30.90	15.00

**Iona** · 03-01-21, 06:09 PM

**trobin31** · 03-01-21, 08:36 PM

Originally posted by Slurry Pumper

Well as I stated in my long winded post over the weekend, I bought some GDX during lunch today with out even realizing it. So I picked up another 150 shares at $30.80. I really starting to get a full sh!T load of gold mining stock to go along with the Gold stocks I own. Of course these stocks are out of favor now, an will probably remain that way for a little while longer with interest yields going up up and away. No worries, I can keep buying and holding for a while until I start to say uncle, and when gold keeps going down I just keep buying it up. The proceeds for my long term holdings go to the kids when I take a dirt nap anyway so what the hell do I care.

TOTALS ALL STOCKS		2021			84,764.00		-10,394.00			-5,085.00					2,264.75
MONTH		MAR		IN	4,620.00	ALLOWED	-495.00		GAIN SO	15.00				TOTAL	0.00
TOTALS PER STOCK		GDX		PLAY	19,242.00	LOSS	-4,117.00		FAR	-2,247.00				GAIN	0.00
MONTH		MAR			4,620.00		-495.00			15.00					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	27.50	-620.50	-31.09%	30.90	-450.50
09/21/20	10.13.53	GDX	50	40.10	2,005.00	27.50	-630.00	-31.42%	30.90	-460.00
10/22/20	15.50.42	GDX	50	39.20	1,960.00	27.50	-585.00	-29.85%	30.90	-415.00
10/26/20	11.13.22	GDX	50	38.63	1,931.50	27.50	-556.50	-28.81%	30.90	-386.50
11/24/20	14.12.15	GDX	200	33.65	6,730.00	27.50	-1,230.00	-18.28%	30.90	-550.00
03/01/21	13.08.58	GDX	150	30.80	4,620.00	27.50	-495.00	-10.71%	30.90	15.00

Was reading about massive material supply shortages and inflation in materials like steel, copper, any insights there? Go hard on XLB?

**KnuckleHeadz** · 03-01-21, 10:42 PM

Originally posted by trobin31

Was reading about massive material supply shortages and inflation in materials like steel, copper, any insights there? Go hard on XLB?

Got a email less than 2 weeks ago from my suppliers letting me know the prices for the metals you mentioned would be going up 8-20%

**homie1975** · 03-01-21, 11:27 PM

Fellas I mentioned to you 4 weeks ago that Zoom is still being widely used even with MS teams and Slack and Webex out there.

**hehfest** · 03-02-21, 02:19 AM

**Slurry Pumper** · 03-02-21, 08:26 AM

Originally posted by trobin31

Was reading about massive material supply shortages and inflation in materials like steel, copper, any insights there? Go hard on XLB?

All metals have been on a rampage. Well all metals not named Gold anyway. I've been saying for months my business is booming and that miners have actually been paying their bills before the agreed upon time periods for terms of payments. That never happens in this sector, or probably any sector for that matter. Inflation has been rising, you just have to look for the areas where it is and with the renewed demand for copper, and silver for the tech industry buildup along with specialty rare metals that no one can pronounce much less know how they are used in industry, I see the XLB having a bull run of epic proportions; If the economies of the world come back roaring as a large percentage of the people believe it will once the Cervesa sickness subsides.
I'm not in that camp however. Right now industry is experiencing higher input cost for materials but they are not able to pass that through to the consumer. I think the economy has some real dark days ahead once all the stimulus is dried up. People haven't been paying rent or their mortgages. Still 700,000 a week in initial unemployment tells me that things are gonna be rough ahead.
If I'm wrong however, and there is a economic boom, things like materials will have a giant run up due to the demand.

The effect of the Texas freeze will reverberate through the U.S. in terms of higher energy cost for things that aide in the production of aluminum and steel. All the foundry operations are booked up in terms of replacement components needed for all the stuff that was frozen and broke open. Refineries are getting by at half capacity and will be that way for the next year.

The bottom line is there is a big rush for steel, aluminum, copper, brass, specialty metals, and the capacity is being tested so materials will be in short supply for a while. It is kind of like the lumber shortage from last year.

**Snowball** · 03-02-21, 11:22 AM

trobin. I'm focused on tech short now. only current long is SUPV.
I did see positives in the Chico's and I'm not very concerned they are temporarily
closing 16% of stores because they still have about 1 thousand and the digital sales
are really strong. Plus they have a private line. So I still like them but I would wait a while longer.
I am not so bullish in general at this time and would want to see how the health of the retail sales
are in foot traffic that is required - this goes for all apparel and brick & mortar shops.
So keep it on radar only.

**trobin31** · 03-02-21, 02:11 PM

Originally posted by Slurry Pumper

All metals have been on a rampage. Well all metals not named Gold anyway. I've been saying for months my business is booming and that miners have actually been paying their bills before the agreed upon time periods for terms of payments. That never happens in this sector, or probably any sector for that matter. Inflation has been rising, you just have to look for the areas where it is and with the renewed demand for copper, and silver for the tech industry buildup along with specialty rare metals that no one can pronounce much less know how they are used in industry, I see the XLB having a bull run of epic proportions; If the economies of the world come back roaring as a large percentage of the people believe it will once the Cervesa sickness subsides.
I'm not in that camp however. Right now industry is experiencing higher input cost for materials but they are not able to pass that through to the consumer. I think the economy has some real dark days ahead once all the stimulus is dried up. People haven't been paying rent or their mortgages. Still 700,000 a week in initial unemployment tells me that things are gonna be rough ahead.
If I'm wrong however, and there is a economic boom, things like materials will have a giant run up due to the demand.

The effect of the Texas freeze will reverberate through the U.S. in terms of higher energy cost for things that aide in the production of aluminum and steel. All the foundry operations are booked up in terms of replacement components needed for all the stuff that was frozen and broke open. Refineries are getting by at half capacity and will be that way for the next year.

The bottom line is there is a big rush for steel, aluminum, copper, brass, specialty metals, and the capacity is being tested so materials will be in short supply for a while. It is kind of like the lumber shortage from last year.

As soon as I heard talk of infrastructure stimulus I took a contract at X(US Steel) to hit 35 this year, no less althan a few weeks later they did an offering. I took a shot on materials contracts thru April, XLB and a small UYM lottery play

**Snowball** · 03-02-21, 04:34 PM

trobin did you see Chico's closed up 10 cents 2.65

that was a turnaround. maybe it's really just done going down.

but I would still wait to see if there is some general market bearish overhang coming

then that will probably be it before it takes off.

**Iona** · 03-02-21, 04:40 PM

**Snowball** · 03-02-21, 05:13 PM

Telecom Argentina. Argentine stocks (like banks SUPV, BBAR) are under stress but there's
going to be a pot of gold at the end of the rainbow. TEO:

**trobin31** · 03-02-21, 07:03 PM

Originally posted by Snowball

trobin did you see Chico's closed up 10 cents 2.65

that was a turnaround. maybe it's really just done going down.

but I would still wait to see if there is some general market bearish overhang coming

then that will probably be it before it takes off.

I am watching closely for entry...thanks..I like the stock...you had me at women’s underwear

**Slurry Pumper** · 03-02-21, 08:47 PM

Ok lets all look at some interesting stuff that has been going on for the last couple of weeks. On 2/16, the SPY made a high of $394.17, and then from there volatility has kicked up a bit with the prices coming down and bouncing up several times but always making a series of lower highs and lower lows. Now we have the formation of a descending line, shown in orange that the SPY has ran up to tag a few times with the last on being on Monday. If you look at the candle stick from Monday (the big green one with the tail wick next the the one on the far right), it looks as though the wick comes down to tag the 50 DMA but in reality, that didn't happen. No shit check it out on other charts, we had a gap and go action Monday. Now with my tin foil hat on, that tells me that the SPY is heading right back down there, and now with the fake tag on the 50 DMA along with the real price being there on Friday, that there is a good likelihood that the SPY will have a closing day under that average sooner as in this week sometime. The 20DMA has been crossed 5 of the last 6 days so that line loses importance the more it gets crossed. Even if the SPY turns back up, I will be shorting against the descending line when the price starts coming close to it.

**homie1975** · 03-02-21, 11:05 PM

For anyone who likes leveraged ETFs

SOXL 15 for 1 split and TECL 10 for 1

Both around $40 were autobuys for me today.

Major chip shortage so semi SOXL imo will run
But might be some short term pain. Very short term.

**Iona** · 03-03-21, 03:40 PM

**Iona** · 03-03-21, 03:40 PM

**d2bets** · 03-03-21, 04:07 PM

Originally posted by Slurry Pumper

Ok lets all look at some interesting stuff that has been going on for the last couple of weeks. On 2/16, the SPY made a high of $394.17, and then from there volatility has kicked up a bit with the prices coming down and bouncing up several times but always making a series of lower highs and lower lows. Now we have the formation of a descending line, shown in orange that the SPY has ran up to tag a few times with the last on being on Monday. If you look at the candle stick from Monday (the big green one with the tail wick next the the one on the far right), it looks as though the wick comes down to tag the 50 DMA but in reality, that didn't happen. No shit check it out on other charts, we had a gap and go action Monday. Now with my tin foil hat on, that tells me that the SPY is heading right back down there, and now with the fake tag on the 50 DMA along with the real price being there on Friday, that there is a good likelihood that the SPY will have a closing day under that average sooner as in this week sometime. The 20DMA has been crossed 5 of the last 6 days so that line loses importance the more it gets crossed. Even if the SPY turns back up, I will be shorting against the descending line when the price starts coming close to it.

Another ugly close. I think you called me. I'd look for more selling tomorrow. Looks to me like support level around 3,725 and if that doesn't hold then back under 3,600. Does that look right?

**Snowball** · 03-03-21, 04:17 PM

Originally posted by trobin31

I am watching closely for entry...thanks..I like the stock...you had me at women’s underwear

they do like fresh undies.

**Slurry Pumper** · 03-03-21, 06:55 PM

Ok lets get into this. Last night I claimed that the SPY would be back down to the 50 DMA this week and probably close a day under it sooner rather than later or as in this week. Today the market was looking good in the premarket and then down it went.

So today the SPY gave it up and shot right down to the 50DMA closing on the lows right above the moving average. There are no coincidences in my theory so first of all, I'm now in sell the rip mode which is a change from a few weeks ago when we all buy the dip. The SPY is making lower highs and lower lows for a few quick cycles with some nice movement everyday which is when I primarily make my day trading money for the year. Its the sweet spot for me and why I sit there everyday and study this one stock in between designing slurry pumps. Next, why did they stop just above the 50 DMA today? It's because I think they will have a repair operation either tomorrow or Friday and the goal is to get above 384 on the SPY. Why 384, well if you look at the price action on the daily chart, you can see the price ran up to that level, hung around for a few days before putting in a multi-day break down candle.

Now take a look at the weekly chart for the SPY. I circled the breakdown candle from the weekly chart that I just spoke of for all of you ADD people, and you can see after the breakdown candle, the SPY had a rip right on up to a top of 394 and change. Then another breakdown candle came into play with the SPY closing last week below the former high of 384. This week on Monday a repair operation jumped the SPY above the 384 briefly before getting below that mark for the last couple of days, and on short term charts, 384 has been a point of both resistance and support. So going into the end of the week, I believe the SPY will be trying to recapture the 384 level. If it does, then up we go again probably to around the descending line I have drawn in where I will short again. If it can't get above 384 by the end of the week, then I believe that the week will close below the 50 DMA and the next stop next week will be right in the range of 372.5 and 360.

So for me tomorrow, I'm acting like a wolf. I will buy the rip and taper off the closer it gets to 384.50, then put in a short trade with a keen eye out for the SPY to break through on hourly closes above 385. Then its back to a long play waiting for it to hit the descending line again. If it runs up to 384 and change and comes back down, the 50DMA isn't going to hold and I'll ride it down to the buy zone 372.5.

**Slurry Pumper** · 03-04-21, 07:43 AM

I think we have an old fashion Bull Bear Battle to see what the direction of the market will be this morning. Below the 50DMA and all the repair operations will be for shyt and we will drop like a rock down to the SPY 372.50 level pretty quick, stay above the 50DMA on each close of the hour (10:30,11:30,etc...) and the bulls have a chance to run back to SPY 384.

**physed** · 03-04-21, 08:12 AM

Buying $BUZZ today

**Slurry Pumper** · 03-04-21, 09:38 AM

SPY is moving up toward the 384 point, I love it when the market does what I tell it to do. It makes this seem easy. I turn short at around 384 to 384.5 unless the spike continues.

**d2bets** · 03-04-21, 09:56 AM

Originally posted by Slurry Pumper

SPY is moving up toward the 384 point, I love it when the market does what I tell it to do. It makes this seem easy. I turn short at around 384 to 384.5 unless the spike continues.

It turned down just before 384. 3,838 to 3,811 in about 5 minutes.

**d2bets** · 03-04-21, 10:08 AM

Powell speaks this afternoon. One wrong word and an already spooked market could get hammered.

**Shafted69** · 03-04-21, 10:12 AM

S&P 500 breached 380 support ......... watch out !!

**Slurry Pumper** · 03-04-21, 10:14 AM

Originally posted by d2bets

It turned down just before 384. 3,838 to 3,811 in about 5 minutes.

Yeah couldn't make it, now there is pressure on the downside. I think it continues to the 375 area atleast.

The close of the hour is coming up, and if they can't recapture 380. It may be a blood bath coming.

**d2bets** · 03-04-21, 10:16 AM

Originally posted by Slurry Pumper

Yeah couldn't make it, now there is pressure on the downside. I think it continues to the 375 area atleast.

And then with tomorrow's job report, today and tomorrow is likely to be super volatile. Somewhere between 3,620 on the downside and 3,875 on the upside. Probably close the week toward the downside and then the usual Monday rally next week.

**Snowball** · 03-04-21, 10:18 AM

bailed the tech short.
waiting on Powell.
eyeing shippers and metals.

**Slurry Pumper** · 03-04-21, 11:40 AM

Remember it is sell the Rip so at 384, I'm looking to short.

**d2bets** · 03-04-21, 11:42 AM

Originally posted by Slurry Pumper

Remember it is sell the Rip so at 384, I'm looking to short.

Might stop just short of 384 again.

**Slurry Pumper** · 03-04-21, 12:00 PM

Originally posted by d2bets

Might stop just short of 384 again.

Certainly seems like it came up short again. I'm in sell mode now. I'm trying to stop all of this before the Fed talks today, so I may keep all my plays on a short leash.

**d2bets** · 03-04-21, 12:26 PM

Originally posted by Slurry Pumper

Certainly seems like it came up short again. I'm in sell mode now. I'm trying to stop all of this before the Fed talks today, so I may keep all my plays on a short leash.

Got just past 384 and then back down the chute again. You're spot on today's trades. The volatility is impressive.

**Slurry Pumper** · 03-04-21, 12:32 PM

4 pretty good trades this morning on a day the FED talks. This never happens. Still in the lastest short trade but looking to get out if it starts going back up, we are below 380 again so things can fall apart in a big way again. That's another thing that rarely happens on FED day but things seem different don't they.