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interesting thoughtsOriginally Posted by RangeFinder
also good to keep in mind the 7-year shemitah (which is called a business cycle lol)... goes back a lot further but just recently
1973 stock/bond crash
1980 bond crash
1987 stock crash
1994 ltcm/hedge fund crash
2001 9/11
2008 financial crisis
2015... kind of skipped this one other than some flash crashes
2022 stock/bond crash
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If that's the case then they why did they rescue401k's in 2020? Wasn't that the perfect chance to let it crash and burn. Currently, 401k's are like 70% higher than the March 2020 low. So there's a whole lotta burying to go to even get to that point.
That's because the Trump Admin set it up. We're talking about the socialist party now (I do not call them democrats anymore). They have one goal and one goal only. To gain economic and political control of this nation. They have taken our economy down, on purpose. with it, goes everyone's retirements. They even cheated the last election. Divide and conquer. That's their game plan.
Look at what's going on.
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So they democrats think that crashing the economy and 401k's will help them get re-elected and gain control of the nation? That's your theory?
Oh, and the market is still higher than when Biden took office, and quite a bit higher than when we won the election.
Any credibility you had you lose when you say "they cheated the last election". But I digress.
Just remember that it takes a long time for the great ship S.S. Economy to turn. Even running a ground like it is doing happens in slow motion. The dems have had the reigns for 19 months and we were at to full steam ahead. Now I would say we are at least taking on water.
I never said that would get them re-elected. What I am saying is this is their game plan. It might backfire and the Repubs take back the House and Senate. But yea, they, the socialist, are setting up to take this country over and destroy the current money system and Constitution. They want total political and economic control.
Watch who you vote for.
Oh, and just so you know, stocks have traded almost dead flat since Joe took over. Dow sat at 31,188 on his first day in office, and today, it sits at 31,510.
Go ahead and look up what it did in the 1st year and a half after Trump took over.
One more thing, take a snapshot of where this Dow winds up after he leaves office in Jan '25 (God willing), if we still exist here on earth.
On the SPY I'm still eyeing this 390 - 388.50 spot. Actually I would like to expand that zone to 391 - 388.50. Its been on the radar since before this last downturn and now we are seeing the SPY in the neighborhood. I'll actually sell 34% of my longer term PUTS that I got a few weeks ago with the November expiration at this spot to place them profits in the vault. I don't think this is a low or anything, just a point of inflection with a bounce to trade. Probably setting up a run back to 400.
1 in 6 households now behind on their energy bills
3.8 million renters are behind on rent
not really the signs of a flourishing economy... retailers/lenders geared toward the middle/lower end of the spectrum have been getting crushed (aan/big/vra/tree)
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Here is a sign that things will get uglier in the markets. The Biden admin firing shots at the GOP and now it's the blame game. They know these numbers are getting worse and they don't have a leg to stand on.
Now it's blame the GOP. Wow. They are completely lost.
Yesterday just as I forecasted, the SPY came down to and then bounced off of the $390 spot. I sold a third of my longer term PUTS while also buying short term calls that expire today, and next week.
Overnight the futures have been flat and this is because we are all waiting for the unemployment numbers to come out this morning at 8:30. Then we will see if investors want to hold short positions going into the holiday. On the upside, 398, 401, 404.75, and if it gets crazy even 408 could happen although that would be in the not probable camp.
How about if the floor opens up and the slide continues into the weekend?
$390 will be retested, then the bottom of the range 388.50, then we have the north end of a unfilled gap at 385.75 with the south end being 381.85. If it gets there that would represent quite the pre-holiday meltdown.
We may be testing June lows by late next week. Come Tuesday morning, it's going to be Put city.
Well as usual everyday in the markets is a player beware situation. Today was going great, we had a good gap up then a shake out move back down but not a gap fill. That was a clue the unfinished bidness would be coming later. Then after it ran back up to 401.50ish and looked like it was going to be Friday floater into the holidaze, it couldn't eek out any more and then in an instant, the trap door opened up and if you were taking a nap or even actually eating lunch, a fall like a rock before finding support at 392.30ish. All over a 2 hour period. I was out with my calls for today when the SPY broke $400 on the 5 minute chart, and was out of the calls for next week when the gap was filled for this morning, and immediately put back on the PUTS I just sold yesterday.
That was a pretty nasty maneuver from the Trick, Trap, Fool and Fuk you sideways crew over lunch. In the end though the markets have a mixed bag of where they are in terms of support.
SPY right on a nice trend line I used to play around with yesterday.
QQQ broke through the trend line after breaking through that level this morning. A bad sign in a index I'm using as a leading indicator lately.
IWM Gaps to the 100 DMA, can't break through and back down to support line it bounced off of yesterday.
SMH Same thing gap up then a failure and heading for the 205ish spot which is the lowest support before the lows of the year.
XLF while down on the day like the others, it did have relative strength.
$DJT is in the same boat as the XLF.
Have a great weekend, and it looks to me that maybe things might hold here for another attempt at a run, but don't be surprised if things fall apart and we see a retest of the lows for the year within the next few weeks.
Coming off the weekend still probably technically hammered at this time, I had to do a extensive wake and bake with a couple of shots to ward off the impending hangover later. Just like the fed, I'm looking for a soft landing today but I think I may have had too much fun for that to happen.
The markets this morning are bouncing back up trying to climb that break down candle from Friday. I'm in the sell the rip mode so we'll see if the SPY can make it to 399. Other indices have a similar situation. For me to believe this move has any legs, they would have to get to and stay above 400 on the daily close. Then and only then would I entertain going long on anything.
A little mini uptick in the markets. Bears are licking their chops. Just a new lower high if you will, then the step back down. Not going to end anytime soon until inflation is in check, which it I not. Biden will tell you it is, but we all know that is one big lie.
Yesterday, the SPY anyway bounce right off the 61.8% fib retracement level and now we have a bounce in the making. Still waiting to see if they can make it to 400 and stay above before I believe. Until then, I'm waiting for it to stop so I can sell that rip. If per chance they do keep the rally above 400 - 401 ish levels for the week, I may try a long trade in atincipation of the $410 and maybe even up to $418. Several levels on the way up may thwart that so for the rest of the week, it is a wait and see or even a sell the rip when in stalls.
now give us the RE cycle (I think it's every ~10 years or so)
I love ZVIA penny stock
dumped back down last week to just above $4 ... great dip
back up to over $5 today... took 3 tries this week and broke past $5.00 even
Well the market indicators are mixed this morning as we have bullish and bearish signals. I'll wait and see what happens after the morning rush to see if there is another take the money and run into the weekend type of day. Next week some people are looking forward to a tin foil hat thing and history does show that traditionally something will happen in one of those 7 year intervals. When things happen, that can mark a change in direction, so whatever I do in the next week will be on the light side.
Bought a Spy call yesterday, just dumped it. Hate to say it, but this has become a pump and dump market, both to the upside and downside.
i'm curious if it will be something around the queen dying... weird that all of these "news reports" fail to show the important pictures that tell the real story behind the royal family and their history of debauchery, trafficking, and worldwide blackmailing of politicians and media elite
Probably going to step on when the QQQs get to $314 and get a few PUTS with expirations in 2 weeks and after the election.
Looking to sell this rip sometime before the end of the week in all likelihood
[QUOTE=RangeFinder;30979824]I never said that would get them re-elected. What I am saying is this is their game plan. It might backfire and the Repubs take back the House and Senate. But yea, they, the socialist, are setting up to take this country over and destroy the current money system and Constitution. They want total political and economic control.
So high school degree? I am doubting it. The only socialist party would happen to be the republicans. Why do I say that.
Well remember when we bailed out Wall Street? Well good old w set it up that not only did we bail out the banks but it was written that if it happened again that the public would bail them out. Remember the housing crises. Did we get bailed out? Hell no. Funny that when this shit happened Denmark ?sent the bankers to jail. Govt bought what houses were underwater and they came out of it 5 yrs earlier than us.
I know three of the four in the photos. Who is the lady dining with the Queen?i'm curious if it will be something around the queen dying... weird that all of these "news reports" fail to show the important pictures that tell the real story behind the royal family and their history of debauchery, trafficking, and worldwide blackmailing of politicians and media elite
I think the upper photo is photoshopped.
it's right from the bbc's website
https://www.bbc.com/news/world-us-canada-59590576
Chico2663 wrote:
So high school degree? I am doubting it. The only socialist party would happen to be the republicans. Why do I say that.
Well remember when we bailed out Wall Street? Well good old w set it up that not only did we bail out the banks but it was written that if it happened again that the public would bail them out. Remember the housing crises. Did we get bailed out? Hell no. Funny that when this shit happened Denmark ?sent the bankers to jail. Govt bought what houses were underwater and they came out of it 5 yrs earlier than us.
So your argument hasn't anything to do with socialism in general. You bring back "W" which was three presidents ago and times were a little different. I don't agree with everything Republicans have done over the years, specifically Paul Ryan and Mitch McConnell when they didn't fund the boarder security which included the wall. Look at what we got going on now. A mess. As far as bailouts, both parties are guilty, with the most recent being the bailout for college kids. So we can call that a wash on both parties. You see, those bailouts are about votes, so is our open boarder. Again, this is about complete and utter control of our country what the Democrats are doing. There was an unprecedented $50 million dollars sent to the candidate going against Hershel Walker in Georgia. This is from people who don't even live in Georgia. See anything going on here? Democrats ( socialist) are trying for complete control, and once they get it, our rights will slowly be taken away. By the time people realize this, those that don't follow politics closely, which is about 60% of the country, it will be too late. No more free speech, no more right to bear arms, no more religious freedom and on and on. The Supreme Court will be stacked with socialist. They're already trying.
Careful who you vote for, and do your careful research of what these people are about.
we are floating up. why? the market senses Ukraine turning the war around?
China easing off tensions w/ Taiwan?
inflation settling and moving back down?
if the end of the world is coming under the current POTUS, why is the market drifting back up?
let's keep the dad-gummed politics and talk about the market.
Rs and Ls both have presidents who enjoy great market times and terrible times.
let's focus on the market.
Sure enough. BTW wasn't suggesting you did the photo altering.
So this morning we will get some inflation numbers and you can bet that they are rigged as rigged can be. The libs need the inflation story to subside a little bit so the play of selling all of our oil from the reserves is starting to take effect. Markets are in a bear rally for now, but the turn around is coming by the end of the week. Like I said yesterday, I'm stepping in with PUTS for the QQQs when they get to $314, but the drop dead I'm wrong price is $320 or for you chart people the top of the break down candle for 8/26. Other indices are in the same boat.
Today we will get a pop at 8:30 with the inflation stuff as told by my very own crystal ballz so it is setting up as another gap and float kind of day so far. We do have option expirations this week so crazy stuff can happen by the end of the week.
This has been a pretty good rip, but I think it is coming to an end pretty soon and then we will either see a range being set up, or maybe a dip below $390 on the SPY.
What a bummer on the setup for the QQQ trade. Don't really like to jump on board unless it starts to close hourly below $300. Either way it is a lower amount and a trade that left the station before my number was hit.
I closed my Put on QQQ just now. There's a chance the market cold snap back with bargain hunters coming in. All the macro stuff will be pushed aside IMO, that's the way this market has been trading the last 6 weeks or so. If you've been looking to get into anything long term, now is the time to start picking up shares.
Options trading is on hold for me until this thing irons out.
It is about time for an intraday bounce here down quite the number here. Taking a trial on an out of the money call for SPY, STRIKE 405 for 50 cent price to expire tomorrow.
well, the market, economy, and politics are intertwined so it's not as though each exist in a bubble
for example, my RSX still isn't trading... if there were no silly and useless political sanctions against russia, i wouldn't be buried on that position, and europe would be in better shape without the energy crisis on their hands
The markets are hangin out at the lows for the day which means lower prices today are on the docket. I got rid of those calls from an hour or so ago. Took my .20 cent hit and live to play another day.
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