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

[Slurry Pumper]

$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.

[Enkhbat]

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.

[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.