1. #141
    RoyBacon
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    Quote Originally Posted by homie1975 View Post
    Roy
    do you see another pop happening in early April?
    Definitely.

    You have to believe 1st qtr is going to be strong as I do, then the question is how to trade it.

    I think the run up will be prior to the 1st qtr reports so now until April 20ish. Once the reports start coming out I think she cools off under theory buy the story sell the news. From a trading aspect I'd be long in here, add on drops and not sell until after the April mid point. If the strategy fails it's a loss but much better chance we are on higher ground by mid April imo.

  2. #142
    homie1975
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    Quote Originally Posted by RoyBacon View Post
    We may see a pattern like yesterday. Strong open, a round of mid session selling and strong close.

    Today will be the end of end of the qtr window dressing. Could be volatile but I would not expect heavy volume the next few days as everyone sits on their positions.

    Be a steady buyer in here but no need to chase.
    so far we have the strong open and the mid-session selling. let's hope it's a strong close

  3. #143
    RoyBacon
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    Pretty intense selling of tech stocks. Looks like good ole fashion rotation. We will erase this red and maybe end slightly higher. Just don't see a big move either way.

  4. #144
    homie1975
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    Quote Originally Posted by RoyBacon View Post
    Pretty intense selling of tech stocks. Looks like good ole fashion rotation. We will erase this red and maybe end slightly higher. Just don't see a big move either way.
    I'm so tied to tech and NASDAQ that sector rotation will crush me if it's long term.

  5. #145
    RoyBacon
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    Just bot AMZN while it was dropping like a fuggin rock.

    Pretty brutal sell off. Last minute window dressing. By tomorrow will be in a new qtr for funds. Like a higher open.

  6. #146
    homie1975
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    Lord Jesus have mercy

  7. #147
    homie1975
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    Yukkkkkkkkkk!!!!

  8. #148
    RoyBacon
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    BassTards!

  9. #149
    homie1975
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    Quote Originally Posted by RoyBacon View Post
    BassTards!
    After hours not lookin much better Roy

  10. #150
    RoyBacon
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    Techs shaken pretty good. Yea, afterhours has been up strong the past 2 days but down small here. Let's see what happens. Still say UP tomorrow.

  11. #151
    Otters27
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    Has there ever been such swings like this. Kind of Scary

  12. #152
    guitarjosh
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    Quote Originally Posted by Otters27 View Post
    Has there ever been such swings like this. Kind of Scary
    Yes, look at August 2015-Feb-2016. Again, I seriously doubt we've seen all time highs.


  13. #153
    homie1975
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    Quote Originally Posted by RoyBacon View Post
    Techs shaken pretty good. Yea, afterhours has been up strong the past 2 days but down small here. Let's see what happens. Still say UP tomorrow.
    Roy your bullishness is infectious and you are clearly a smart guy. I'm curious to hear u make a case for a bear market which is diametrically opposed to what u believe in and root for??

  14. #154
    RoyBacon
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    Not always a bull. But if there was ever the case for the bull it's now. Even with the same tax rate this would have been a great qtr. So yea, I'm biting at the fuggin bit to see 1st qtr earnings.

    As Josh was mentioning interest rates will be the key to a bear market. We already know rates are going up this year and next, the fed said so.

    The term you will hear that could slow the bull is "overheating". Basically inflation and rates going up faster than profits.

    This is a great time to be long. If it doesn't work out you take a loss. But not many times in history do you get a chance to bet on the first quarter after the largest corp tax cut in US history.

  15. #155
    homie1975
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    Tech and semis on sale!!!!

  16. #156
    homie1975
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    Quote Originally Posted by RoyBacon View Post
    Just bot AMZN while it was dropping like a fuggin rock.

    Pretty brutal sell off. Last minute window dressing. By tomorrow will be in a new qtr for funds. Like a higher open.
    Roy
    what are the chances that trump would say he hates Amazon right after you buy it. are you effing kidding me???

  17. #157
    RoyBacon
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    Quote Originally Posted by homie1975 View Post
    Roy
    what are the chances that trump would say he hates Amazon right after you buy it. are you effing kidding me???
    LOL. The fun from Monday seems like a distant memory.

  18. #158
    homie1975
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    Quote Originally Posted by RoyBacon View Post
    LOL. The fun from Monday seems like a distant memory.
    carried on a few hours yesterday and then we went off the table. unbelievable turn of events between last thursday, monday, and now today

  19. #159
    RoyBacon
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    Charge!!!

  20. #160
    homie1975
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    Quote Originally Posted by RoyBacon View Post
    Charge!!!
    Roy
    what a mess it is out there. such a confused and shaky market

  21. #161
    RoyBacon
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    Quote Originally Posted by homie1975 View Post
    Roy
    what a mess it is out there. such a confused and shaky market
    Making it's move. I feel it. Those techs got a bad flu. They gonna have to rest. Two solid weeks coming up. Hopefully this will be day will close strong...hard to tell.

  22. #162
    homie1975
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    Brutal.

    almost 40% of the value from the Trump Rally, is gone.

  23. #163
    RoyBacon
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    Hang in there. Fireworks are coming.

  24. #164
    homie1975
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    Quote Originally Posted by RoyBacon View Post
    Hang in there. Fireworks are coming.
    I have to because I really have no choice Royer - if i were to sell now I'm eating a loss of nearly 11%. I can afford it but why would anyone want to? I'm betting my losses get to only 5% before they get to 16% (famous last words of a fool??)

  25. #165
    homie1975
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    Where's Josh today?
    i am really curious to hear his commentary on the goings-on

    In Roy and Josh we believe !!

  26. #166
    guitarjosh
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    Quote Originally Posted by homie1975 View Post
    Where's Josh today?
    i am really curious to hear his commentary on the goings-on

    In Roy and Josh we believe !!
    I'm here, it's a short week, don't think we'll see much fireworks tomorrow. I still think we'll see the market resume its uptrend.

  27. #167
    homie1975
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    One thing is for sure - If Xi and Trump care about the markets as much as it appears they do, they have no choice but to work together. The two biggest superpowers in the world cannot be in a huge trade war. it's not good for anyone. by the same token, if tech is going to be the scapegoat for everything and the rotation Roy talked about is truly going on, then tech goes into the bear market and we are in for a long wait for the bull to return. i don't know. i just know my personal decision is easy. i have to wait it out.

  28. #168
    RoyBacon
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    Got a decent AH rally brewing.

  29. #169
    homie1975
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    Quote Originally Posted by RoyBacon View Post
    Got a decent AH rally brewing.
    literally all of tech and semi's on sale. if i was not in so deep already, i would scoop up several positions now (gulp)

  30. #170
    RoyBacon
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    I have the largest SPY position I've ever had. On margin too LOL. Love the next 10 trading days. Shaken a little with the lack of follow through and the tech bath.

  31. #171
    jjgold
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    People getting pounded impossible to predict the market day to day

  32. #172
    guitarjosh
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    Quote Originally Posted by jjgold View Post
    People getting pounded impossible to predict the market day to day
    Do you think it will be higher in a year? Invest that way.

  33. #173
    homie1975
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    Quote Originally Posted by guitarjosh View Post
    Do you think it will be higher in a year? Invest that way.
    Yes I agree Josh this is the way to invest and retain sanity while u wait. I'm trying to think in terms of long term horizon and only invest money that I don't need for at least 3-4 years maybe longer. That said when there are huge corrections going on every few weeks now it's hard not to "buy the dip"

  34. #174
    homie1975
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    after hours bounce but will it sustain through the day? it's already losing steam. i think we'll need to wait until mon or tue next week for any sustained positive movement

  35. #175
    RoyBacon
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    Quote Originally Posted by homie1975 View Post
    after hours bounce but will it sustain through the day? it's already losing steam. i think we'll need to wait until mon or tue next week for any sustained positive movement
    Looking good in here. Love today and love next week.

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