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

[homie1975]

i disagree with you guys about a rally… i think we’ll keep dripping lower or crash, it IS october

your sage prediction helped by the macro issues in the middle east

[homie1975]

Option ratios are at levels you only see a few times a decade. Get ready for a rip-your-face-off rally. I wouldn't be shocked if we go up 10% by the end of the year.

your sage prediction hurt by the macro issues in the middle east

[Slurry Pumper]

From a market prospective the weekend has been interesting. Usually after an invading force attacks a country and the futures market drags down the markets, that is a signal to buy. See my post for the Russian attack on the Ukraine on the day that happened, the dow was down almost 1000 to start the day and I told everyone early in the morning that the day would finish positive and it did. One of the best trading days I've ever had.
Today however the markets aren't down as much as I thought they would be, and also the bond markets are closed today. I'll be bailing out of those call positions I got last week, if that $418.30 (SPY) spot is breached on the way back down. I still think we have our short squeeze operation, but after filling a gap on the daily chart from Friday, markets could just fall apart here. My sentiment is still bearish, and this whole short squeeze play was a temporary thing. The new squabble in the middle east may truncate that squeeze real fast depending on how the lines of support in this conflict line up.

[Chiefs83]

Wasn’t QQQ around 365.66 around close Friday. Now it’s 362.26???

[Madison]

WHAT A CALL.

Incredible JOSHER

Been liquidating since June and will consider to do so.

[homie1975]

Guys
please keep the politics out of it.

stocks go up and down under R's and D's

if you look at it historically, the slightest of edges to the market under D's but it is razor thin.

the POTUS has way less control or impact on the stock market than people think.

FED, OIL, etc etc

these are much bigger factors.

[homie1975]

Option ratios are at levels you only see a few times a decade. Get ready for a rip-your-face-off rally. I wouldn't be shocked if we go up 10% by the end of the year.

WHAT A CALL.

Incredible JOSHER

[Madison]

how long do you want to go and how risky do you want?

for pure safety, some banks are paying around 6% for 6-month cds... a little riskier you can get stuff like amcx (tv network, not movie chain), macy's, nordstrom for around 10-12%... then if you want to get riskier you can get stuff like the aht preferreds for 22%+

Thx bud. At my age risk averse. Pumping many cd's just thought I might get 1-2% over the cd's.

[JIBBBY]

Major rally as soon as you posted this. Just like Bears last night. Now go root for Trump.

Ouch! Play nicely D2 as we all have to play in the same sand box here on SBR.....

[Chiefs83]

Sold SMH 148.48
Still have QQQ

[ChuckyTheGoat]

Stocks having a Good Day.

Q: When does all this money-printing become the key factor?

Is there anything telling in the Housing/Auto/Labor market?

At some point, Fiat Money becomes funny money. Read your history. It happens over and over again.

The only real surprise is that Wilson/Johnson/Nixon oversaw this. And nobody really seemed to care.

[d2bets]

Need the stock market to really tank now to fully ruin this Biden administration and pave the way for a better economy and stock market for us all under Trump in 2024.

Major rally as soon as you posted this. Just like Bears last night. Now go root for Trump.

[Chiefs83]

Thank you much appreciated…trying to learn

[Slurry Pumper]

Was waiting for this… What is a good number for a limit order to sell for QQQ and SMH

Well the way I do it involves elements of time since the big boys with the money that move markets also have charts, they can manipulate charts to temporarily act like they want. For instance, they know a setup for a rally situation is on, but they also know that below $358.50 is an area where people are ready to sell with a stop loss. Setting a stop loss right at that spot, they can run the price down below which would trigger everyones stop loss. Then they collect all of those shares and afterwards the rally begins. It happens all the time.
What I do is set a conditional order that triggers after a period of time so in this instance, even though my stop loss order is set for $358.50, it only triggers after the close today on the weekly chart. This way i can endure the temporary dips below and thwart the games they play a little bit.
All of that said my line is below the low from today or yesterday we'll call it $355. If things go south today and around 3:30 it is obvious that the QQQ is going to close below that price, its time to unload. Currently, the other scenario is going on where price dips and then runs but that can change.

For SMH, that price is way off, $139.75.

[JIBBBY]

Need the stock market to really tank now to fully ruin this Biden administration and pave the way for a better economy and stock market for us all under Trump in 2024.

[Chiefs83]

Was waiting for this… What is a good number for a limit order to sell for QQQ and SMH

[ChuckyTheGoat]

Chucky and any other LAC holders, take note that their much anticipated split is happening. Your new shares should be found under LAC and LAAC. Don't freak when you see the new price.

Salud, Madison. Thank you.

I saw the price drifting lower. Now, I see it. LAC with LAAC.

[ChuckyTheGoat]

Did LAC officially go thru a stock-split? I see the price is way down.

https://www.tipranks.com/news/lithium-americas-tselac-splits-into-2-companies-a-new-lithium-stock-is-born

[Slurry Pumper]

What point do you recommend to bail if your holding QQQ and SMH

For the QQQs they are right there right now, so a weekly close below $358.50 isn't a good omen, that could open the gates for other areas..
SMH however which is really a proxy for the tech is better at $140 for a weekly close.

[milwaukee mike]

i think some of these consumer stocks like KO, PEP, TGT, CBRL are at good entry points

KO and PEP are trading like none of the fatties in the USA are gonna ever buy soda and chips again