Just seems like we are due for big down move soon.
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I don't think the Fed is done.
Too much strength still pushing inflation..Comment -
Is tomorrow the day the market turns???
How many more days can it keep skyrocketing…
Premarket is up huge againComment -
New it was a fakeout…SYM getting crushedComment -
what the hell are the markets going to do???
sp500 ytd+15%
leco ytd+26%
mo down 11%but pays over a 9% div, don't plan on selling this decade anyway.Comment -
I understand I added a couple shares at 34.88 earlierComment -
You may like this dense diverse tech/AI etf. Monthly on the div with a just under 11%apy(AIO)
Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) Holdings (seekingalpha.com)Comment -
The Tell
Fed likely to cut rates below 3%, making bonds attractive now, Guggenheim says
Published: Nov. 6, 2023 at 6:15 p.m. ETComment -
Alright after 7 days of just going up, from the spot on the SPY I identified for you all, it may be time for a slight pullback here. Looking for the 50DMA $433.20ish as support, and the gap fill of $430.90ish. On the off chance the bull flag works, the 100 DMA $439ish isn't going to be much of a resistance if reached.Comment -
NOW is the time ..
ALB and other Lithium related stocks and the commodity itself have plummeted to WAY oversold. You can track the resurgence via ALB. Start building a position now!!!
After Earnings, Is Albemarle Stock a Buy, a Sell, or Fairly Valued? | MorningstarComment -
Miners in general are in this oversold boat. I concur with the lithium play, but caution against the small players in this field. Of course that is not ALB, as they have established facilities.
I just got back from the South American areas that are doing this mining, and I can say the governments are clamping down on smaller facilities that may not be producing within the regulating guidelines that are laid out. I don't have a list of violators, but just tossing that out there because about 125% of the cost to produce lithium is the process.Comment -
Upstart UPST
Down 30% overnight to $21. I have traded this guy when it was circa $50. I thought quite highly of the company but the price was an aberration. Thinking of dipping back in at the open.
Anyone have any thoughts here?Comment -
Thx again to guys like Madison. I'm always looking for critical thinking.
Madison, I've been doing the same thing we discussed:
1) Slowly di-vesting some of the Index Funds and tech-stocks.
2) Buying the dip on MSTR/GBTC and a few metal stocks.
Looking at the screen today: Giddyup.Where's the fuckin power box, Carol?Comment -
One other anecdotal comment: *I think the Inflation >>> Hyper-Inflation is going faster than people think:
1) Check out the prices in your Soft Drink aisle.
...Those prices have gone up +50% in the L12 months.
2) Had an urge for two Jelly donuts from Dunkin.
...Hadn't had one in ages. $2.12 per donut - GTFOH.Where's the fuckin power box, Carol?Comment -
Which state are you in Chucky? I didn't realize donuts were that expensive.
I am thinking about buying some VIX call options exprining before the new year, it just feels like there will be a spike soon.Comment -
$433.40 on the SPY is pretty close to my $443.20 spot for a bounce. So far I would just call this a spot for a blip or daytrade chance. Not technically a daytrade as this started yesterday at around 3:00 PM, but if I sell at 10 this morning, I've really only held the option for 2 hours of trading time, so I consider it a day trade. It may turn into more today if the markets just start to run here, or give it up and go for the gap fill situation at the $430.90 spot. I like the gap fill better, but it may not get there before we resume the uphill climb. There is allot of bearish plays out there, and when they start covering, it will be a pretty big run. Maybe not as good as the last 35 -40 point run up a week ago, but those are pretty rare.Last edited by Slurry Pumper; 11-10-23, 08:08 AM.Comment -
memo to the masses:
the melt up continues, no matter how much anyone likes or dislikes it.
the bull market climbs the wall of worry.
macro geopolitical BS cannot stop it.
opinions about politics cannot stop it.
invest accordingly, or risk getting your A$$ handed to you.
friends of mine who hate the people running the USA right now, played a bunch of PUTS and they are getting their shitt crammed up their assses.
serves them right.
it is okay to be stupid. it is Not okay to be ignorant.
GO MARKET GOComment -
Now that was a rip your face off rally. It will not surprise me if they Santa Claus rally is in effect this year. If the Fed is done and has achieved the soft landing, off she runs. Don't forget, even after today the S&P still almost 10% off the Jan 2021 highs, and the smaller caps far more than that.Comment -
Biggest threat right now is how things will shape up in Middle East. we’ve seen this movie before, but this time seems different. If Israel goes full scale this could unite several countries to the Palestinian cause and send oil and inflation back higher. Theres a case for several years of commodity and energy supply tightening if US relationships break down in Middle East. At the end of the day, these are Muslims, and they won’t sit by very long watching Palestinians get annihilated at this scale so quickly, maybe if it’s a slow burn like it’s been for past few decades, then that’s okay and they don’t feel need to intervene. Anywho, All this is bad for inflation if not tamed. I will be hedging w bets on energy, especially oil & uranium as this rally likely continues through Ramadan/holidays but after that I am worried what is next shoe to drop.Comment -
Would be nice to see a little consolidation here. Expecting some news to curb the enthusiasm this weekend. Watching crypto over weekend to gaugeComment -
Forcast for the week anyone?Comment -
I think we have a pullback this week. Starting tomorrow on Turn Around Tuesday. Soon everyone will be in the sky is falling camp, but in reality, markets will make a higher low maybe not before the end of the week, but eventually in the coming days.Comment -
The yuan and Chinese stocks look bottomed so swinging at YINN & BABAComment -
Monthly CPI 0.0. Markets set for epic rally.Comment -
I just sold a lot in Premarket… SYM skyrocketingComment -
I think it may be a gap and crap. We'll see in a few minutesComment -
Small caps starting to participate so rally is broadening out. IWM to mid 180s seems reasonable if this holds.
Wait for the memes to start popping off and that’s when everything usually fizzles outComment
