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

[ChuckyTheGoat]

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.

[ChuckyTheGoat]

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?

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.

[Madison]

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.

Much appreciated Slurry!!

One note here is to add attention to the "Chile Crash" back this spring. I killed the bounce after the overreaction. I believe ALB has contractual mining rights in Chile through 2046. I'll be long gone by then.

[Madison]

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?

[Slurry Pumper]

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? | Morningstar

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.

[Madison]

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? | Morningstar

[Slurry Pumper]

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.

[homie1975]

The Tell


Fed likely to cut rates below 3%, making bonds attractive now, Guggenheim says

Published: Nov. 6, 2023 at 6:15 p.m. ET

[veriableodds]

New it was a fakeout…SYM getting crushed

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)

[Chiefs83]

I understand I added a couple shares at 34.88 earlier

[Madison]

New it was a fakeout…SYM getting crushed

We are not day trading SYM. This a "build a strong position" slowly but for the mid term (next 5 years).

[veriableodds]

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.

[Chiefs83]

New it was a fakeout…SYM getting crushed

[Chiefs83]

Is tomorrow the day the market turns???
How many more days can it keep skyrocketing…
Premarket is up huge again

[Optional]

I don't think the Fed is done.

Too much strength still pushing inflation.

[d2bets]

Just seems like we are due for big down move soon.

There was a big down move late October. Gained it back this week. Back where we were a few weeks ago.

Chart-wise it seems like the downward channel for the last few means has been breached to the upside. If the Fed is done the rally will continue.

[Enkhbat]

Just seems like we are due for big down move soon.

[d2bets]

go go go

It's rip your face off rally week.

[homie1975]

go go go

[Slurry Pumper]

Well nap time is over as the SPY did indeed hit the 200DMA yesterday. Price was not rejected, but since I do this on a weekly basis and there are only 2 days left for the calls I bought, I sold about half of the ones I got last week down at around the $410 spot. That's a really good cha ching moment. Going forward I let the other half go for a while today and see what happens. Will there be a post FED sell off, or will the rally continue to the next spot of inflection ($425.50ish)? At that spot if we get there this week, is another unloading spot for the calls that expire tomorrow. By the way, on a pullback this morning I'm a buyer of calls that expire next Friday if we find the SPY down at my old favorite spot ($418.30ish).
Over in tech land, there is some profits to take at the $358.50 area. Looking pre-game this morning the QQQs are at $360, so I'm selling at the bell for the half the calls I picked up this week.
Overall I think the markets power through and keep rising for the time being, so churning calls on a weekly basis will continue going into the Turkey day holiday and possibly until that fat jolly dude shows up at the end of the year.