1. #12986
    d2bets
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    Nasdaq up 2% while "The Dow" basically flat. Dow is totally meaningless. Why anyone still quotes it is a mystery.

  2. #12987
    trobin31
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    Not sure how the Fed meeting went cause Iím pretty busy working but spy definitely broke out and likely heading to 430-450

  3. #12988
    Snowball
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  4. #12989
    homie1975
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    Quote Originally Posted by d2bets View Post
    Nasdaq up 2% while "The Dow" basically flat. Dow is totally meaningless. Why anyone still quotes it is a mystery.
    last year the DOW held up decent while SPX and Nazzy took major dumps.

    it may only be 30 stocks, but it is the "big number" and keeps better headlines when way up or way down because of that large number 30,000+

  5. #12990
    Slurry Pumper
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    Quote Originally Posted by Goat Milk View Post
    What am I gonna make off Tesla bro? Throw in 10 grand to win like 6 grand 3 years from now, then pay taxes on it? Not even worth the stress.
    Just wanted to point out that I touted the Call options in all of the index funds yesterday, and I think they all made big bank. EX. Spy $400 strike expire 2/1 for $2.50 during the morning and not even the low from yesterday, Sold about an hour before the close at $12.50, and that wasn't the high either. About 5X in a 6 hour span. This is not a typical set up but these do occur about 5-10 times a year. Sit around and watch the markets, things start to give you signals.
    Of course that trade was a nice one, but sadly I read the signals incorrect and it looks like the markets will push higher. I would be lying if I told you I'm not about ready to sell all PUTS. May is a long way away, and I know the rate of diminished value will eat away so I did sell before the close 1/2 of that position. The close was indeed above the $410 spot I have marked for bullish behavior. Time to be the referee and call it a breakout run here but still in a down trending market. Unless today or Friday the rug gets pulled from the bulls, $420 SPY is the next target I see with a few other spots along the way.

  6. #12991
    Chiefs83
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    I canít find anything to invest in right now. Everything is too high. No VALUE

  7. #12992
    homie1975
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    Quote Originally Posted by Chiefs83 View Post
    I can’t find anything to invest in right now. Everything is too high. No VALUE

    this is why i believe in dollar cost averaging while markets dip and drop. extremely difficult to time unless you are a guy like Milwaukee Mike.

  8. #12993
    d2bets
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    Quote Originally Posted by homie1975 View Post
    last year the DOW held up decent while SPX and Nazzy took major dumps.

    it may only be 30 stocks, but it is the "big number" and keeps better headlines when way up or way down because of that large number 30,000+
    Opposite now. Today now Dow down 0.5% while the Nazzy is up 2.4%. S&P up 1%. Quite a divergence. If you just looked at the Dow, you'd think the market was down today. Certainly isn't.

  9. #12994
    d2bets
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    Quote Originally Posted by Chiefs83 View Post
    I can’t find anything to invest in right now. Everything is too high. No VALUE
    I know. That's how I'm feeling right now. I hate buying after it's already shot up.

  10. #12995
    d2bets
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    Anyone else hold UPST? Why the 25% jump today. Don't even see any news. (not complaining at all)

  11. #12996
    freeVICK
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    This wonít end well

  12. #12997
    d2bets
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    Quote Originally Posted by freeVICK View Post
    This won’t end well
    When is the "end"?

  13. #12998
    freeVICK
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    Quote Originally Posted by d2bets View Post
    When is the "end"?
    6-8 months

  14. #12999
    freeVICK
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    Sell off everything in your tax deferred accounts, move into a 4% high yield savings account. Be ready to buy the crash

  15. #13000
    d2bets
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    Quote Originally Posted by freeVICK View Post
    Sell off everything in your tax deferred accounts, move into a 4% high yield savings account. Be ready to buy the crash
    I've thought that before, not so sure about that now. I think the S&P will reach a new high before year's end.

  16. #13001
    trobin31
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    Quote Originally Posted by trobin31 View Post
    Weíve hit a lot of key bullish indicators on Bitcoin, getting long on your favorite hodling stock and adding on pullbacks, whether its mstr hive hut sos, mstr >40% short interest lol

    null and void if we fall back under 18.8k BTC
    I think this continues intro springtime so while it may look like youíve missed out thereís probably a case to reach 33k by spring, which means lots of ways to leverage this through miners

  17. #13002
    homie1975
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    Quote Originally Posted by d2bets View Post
    Opposite now. Today now Dow down 0.5% while the Nazzy is up 2.4%. S&P up 1%. Quite a divergence. If you just looked at the Dow, you'd think the market was down today. Certainly isn't.
    Nazzy still down ~25% from the all time high of 16,057 in nov 2021.

    Last year the dow got hit the least. Now the rotation moves from those companies into the Nazzy and SPX

  18. #13003
    homie1975
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    Quote Originally Posted by freeVICK View Post
    This won’t end well
    When in doubt zoom out.

    Yes I believe a sell the rip is coming but I don't see a sustained sell off because most indicators have turned slight bullish vs where they were full bearish.

  19. #13004
    homie1975
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    Quote Originally Posted by d2bets View Post
    Anyone else hold UPST? Why the 25% jump today. Don't even see any news. (not complaining at all)
    I own it. Short squeeze going on.

    Upstart relies on rates being low and jay powell words yday were good for this sector in terms of forward looking.

    I'm still down 50% on upstart overall but holding.

  20. #13005
    homie1975
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    Quote Originally Posted by d2bets View Post
    I know. That's how I'm feeling right now. I hate buying after it's already shot up.
    Only Milwaukee mike can time it. Why do you guys try to time it when pros barely can?

    Lol

  21. #13006
    d2bets
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    Quote Originally Posted by homie1975 View Post
    I own it. Short squeeze going on.

    Upstart relies on rates being low and jay powell words yday were good for this sector in terms of forward looking.

    I'm still down 50% on upstart overall but holding.
    I got lucky. I bought it a few months ago at $17.95.
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  22. #13007
    d2bets
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    Quote Originally Posted by homie1975 View Post
    Only Milwaukee mike can time it. Why do you guys try to time it when pros barely can?

    Lol
    What do I buy right now to potentially hold for a long time? Looking to buy like 5-6 stocks of which I'd sell the losers before year-end and hold winners as long as possible. I don't have any losers in my account right now.

  23. #13008
    Chiefs83
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    Because I care what price I buy my stock for

  24. #13009
    d2bets
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    Quote Originally Posted by homie1975 View Post
    Only Milwaukee mike can time it. Why do you guys try to time it when pros barely can?

    Lol
    I think sports bettors are wired to to want to time the market. Every winning sports bettor is vigilant about betting at the right time at the right price. Only natural to want to do the same with stocks.

  25. #13010
    trobin31
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    Donít fight the Fed
    dont fight the tape
    buy the friggin dip

  26. #13011
    homie1975
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    Quote Originally Posted by Chiefs83 View Post
    Because I care what price I buy my stock for
    you will most likely lose many more opportunities trying to time the bottom because when it reverses course you will miss out and end up buying it higher.

    suit yourself.

  27. #13012
    milwaukee mike
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    Quote Originally Posted by homie1975 View Post
    you will most likely lose many more opportunities trying to time the bottom because when it reverses course you will miss out and end up buying it higher.

    suit yourself.
    i don't see it as timing the bottom... it's buying something for a fair price

    if i see a $400 jacket that i like on sale for $200, and i buy it... i really don't care much if they mark it down to $150 later... i still feel that i got a good price on something i liked

    i bought nflx at 230 only to watch it get down to 160... for a while i looked pretty dumb

  28. #13013
    homie1975
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    Quote Originally Posted by milwaukee mike View Post
    i don't see it as timing the bottom... it's buying something for a fair price

    if i see a $400 jacket that i like on sale for $200, and i buy it... i really don't care much if they mark it down to $150 later... i still feel that i got a good price on something i liked

    i bought nflx at 230 only to watch it get down to 160... for a while i looked pretty dumb

    i nibbled NFLX 3x on the way down from 330 down to 165.

    my highest buy in that stretch was 330 and the lowest was 170.

    i built a nice position and i think we both look pretty good right about now as it is up in the 360's

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  29. #13014
    homie1975
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    this week we have some biggies come up in other sectors:

    Tues: Linde, Chipotle
    Weds: Yum brands (taco bell, KFC, etc), Disney
    Thurs: PayPal

  30. #13015
    trobin31
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    Spent some time objectively reviewing and we really have to wait and see this week which way the dollar breaks, right now appears range bound between 100-103, if it nukes below 100 this market is gonna go bananas into whatever world ending event is gonna crash it

  31. #13016
    Slurry Pumper
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    I agree somewhat with the Trobin here. If the dollar gains strength the markets go down. After looking at the markets this weekend, I'm still a bear. We had some reports come out lately that I think were "rigged" to say the least. Do you really think 500,000 jobs were added? I don't I think it is a ploy for the state of the Union. We'll probably get some nice CPI too but I'm still bearish after selling half of my longer term puts going into the weekend. I'll start loading up again this week, and take the pain, this market falls before Mid May, and I think it will fall pretty hard too.

    A thing about timing the markets. I don't know how you can't time the markets, I think where you can go wrong is the tolerance for price. Sure I'm not going to hit the absolute bottom or top, although I'm pretty good at that most of the time, but I will hit a winning price a majority of the time. If I cost average down, I have to wait day after day for things to turn my way, and that may or may not happen. All the while I have capital tied up in a loser. My thought is to cut the losers quickly and instead of cost averaging down, take that money you saved on the way down, and reenter at a different level. Don't sit on the stupid bench while that stock goes from 200 to 100 only to buy it again then hope it goes up.

  32. #13017
    Chiefs83
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    Added to KORU at 9.50

  33. #13018
    homie1975
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    where is Everyone? bailed the site?

  34. #13019
    trobin31
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    Quote Originally Posted by homie1975 View Post
    where is Everyone? bailed the site?
    still here homie. Buying dips for now.

  35. #13020
    Poker_Beast
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    Sup Homie! Been wondering the same thing. Been checking in daily. Slurry must be off playing in the mud.

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