1. #12041
    homie1975
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    Quote Originally Posted by Fishhead View Post
    BRANDON has the country in a financial mess
    if you understand economics and the supply/demand issues as we moved out of the pandemic, plus the money gifts handed out from March 2020 onward, then you will know he is not the root cause of all it, but he is certainly not helping the situation much.

  2. #12042
    milwaukee mike
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    etcg is still so freaking cheap

    it's based on ethereum classic, which is trading above 39... one share of etcg is worth about .855 etc, which should be $33.60 but sentiment is still so bad that the stock is at $12.20

    even at $20 etcg would be cheap based on the underlying crypto

  3. #12043
    RangeFinder
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    Oh, let's not forget the Chips Bill that is being shoved down taxpayers throats. What a disaster, not to mention the security risks it's going to create for this nation.

    But Brandon says it's fighting inflation.

  4. #12044
    Greget
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    Quote Originally Posted by RangeFinder View Post
    Oh, let's not forget the Chips Bill that is being shoved down taxpayers throats. What a disaster, not to mention the security risks it's going to create for this nation.

    But Brandon says it's fighting inflation.
    Trump invested in coal...essentially handing the 21st century economy to the Chinese. What an unmitigated disaster. Now we are playing catch up and we would be foolish to give the chip industry to China. Good thing Biden is in charge. Republicans can't think past the next quarterly call.

  5. #12045
    RangeFinder
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    Quote Originally Posted by Greget View Post
    Trump invested in coal...essentially handing the 21st century economy to the Chinese. What an unmitigated disaster. Now we are playing catch up and we would be foolish to give the chip industry to China. Good thing Biden is in charge. Republicans can't think past the next quarterly call.
    You call Trump a disaster. Bro, you are seriously delusional if you think he didn't do well for this nation economically and militarily. Look at what's going on now, you call the Dems a success?

  6. #12046
    RangeFinder
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    And we pretty much just gave China all of our technology with this latest bill. Completely stupid.

  7. #12047
    homie1975
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    Gents, Let's talk stocks.

    AAPL and AMZN, the two giants, reporting after the bell in about 45 mins.

    they might both beat the earnings number but with so many other companies concerned about inflationary pressures, how do both of these guys guide forward any better than other worried companies?

    AAPL has the China issues.

    AMZN has the reopening of the economy issue where more and more folks are going back to brick and mortar shopping and reduced spending.

    could go either way, let's see.

  8. #12048
    ex50warrior
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    Quote Originally Posted by RangeFinder View Post
    Oh, let's not forget the Chips Bill that is being shoved down taxpayers throats. What a disaster, not to mention the security risks it's going to create for this nation.
    But Brandon says it's fighting inflation.

    Yep, Build Back Better - Lite.

    More fuel for the inflationary fire. Should be good for the commodity stocks that I continue to hold.

  9. #12049
    RangeFinder
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    I feel like these markets are setting people up for a big fall coming up. Low volume, moderate runs up over the last week. I've seen this movie. There are no fundamentals out there to hold this rally. I closed out all my options but one that I hold on ABNB.

  10. #12050
    guitarjosh
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    Quote Originally Posted by RangeFinder View Post
    I feel like these markets are setting people up for a big fall coming up. Low volume, moderate runs up over the last week. I've seen this movie. There are no fundamentals out there to hold this rally. I closed out all my options but one that I hold on ABNB.
    I bought puts today

  11. #12051
    RangeFinder
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    Quote Originally Posted by guitarjosh View Post
    I bought puts today
    If you're out at least a couple month's with them, you're good. I think you'll taking profits by mid August.

  12. #12052
    guitarjosh
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    Quote Originally Posted by RangeFinder View Post
    If you're out at least a couple month's with them, you're good. I think you'll taking profits by mid August.
    They're quarterly puts, but I think we drop next week. I bought out until September incase I'm wrong.

  13. #12053
    Slurry Pumper
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    Quote Originally Posted by guitarjosh View Post
    I bought puts today
    You're a little more aggressive than me going into next week. The markets are right at a good point to turn around but I'm going to wait to see if this rally can't continue for a little while longer. Now that I know that we are not officially in a recession but more like a transition to a recession, I feel so much better about ignoring all those macro recessive signals that keep on smacking me in the face every morning. The next downturn will tell if my overall thesis of a slow grind chop shop pattern up the hill continues for a little while longer. I originally thought we might get a 2 to 3 month grind before a plunge and so far that is what is going on for the last 6 weeks. Since we are in a bad news is good news cycle, I think we see a pullback but not a free fall, but as usual I'll let the charts show me the way.

    On the SPY, just on Friday the 100 DMA ($411.21) was reached and closed above ($411.99). The last time that happened was 1/4/22, which was a while ago. There is another level of resistance I'm looking at ($414.81) and ($417.81), then if this rally continues there will be another resistance convergence setting up between the 200 DMA and a high spot last seen in April ($429.65). I don't think it gets there but those are the numbers I'm looking at up north.
    Back down south, we have the immediate support of the 100 DMA ($411.21) which probably won't be much support so the next spot I see is ($408.25), then not much before the nice number of ($400) and ($390) to kind of set up a zone of support.

    As for my Flowserve play, I did buy that on Thursday after it gap up to ($34) and came back to the 200 DMA (where I bought it $32.12) before taking off again. Looking for the 1st level of resistance at ($34.77, from Thursday), then ($37.60) before I start to sell off a little bit. It closed Friday at ($33.84). I'm stopped out after a daily close below ($32.50) so I can take something for my efforts at least.

  14. #12054
    guitarjosh
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    Quote Originally Posted by Slurry Pumper View Post
    You're a little more aggressive than me going into next week. The markets are right at a good point to turn around but I'm going to wait to see if this rally can't continue for a little while longer. Now that I know that we are not officially in a recession but more like a transition to a recession, I feel so much better about ignoring all those macro recessive signals that keep on smacking me in the face every morning. The next downturn will tell if my overall thesis of a slow grind chop shop pattern up the hill continues for a little while longer. I originally thought we might get a 2 to 3 month grind before a plunge and so far that is what is going on for the last 6 weeks. Since we are in a bad news is good news cycle, I think we see a pullback but not a free fall, but as usual I'll let the charts show me the way.

    On the SPY, just on Friday the 100 DMA ($411.21) was reached and closed above ($411.99). The last time that happened was 1/4/22, which was a while ago. There is another level of resistance I'm looking at ($414.81) and ($417.81), then if this rally continues there will be another resistance convergence setting up between the 200 DMA and a high spot last seen in April ($429.65). I don't think it gets there but those are the numbers I'm looking at up north.
    Back down south, we have the immediate support of the 100 DMA ($411.21) which probably won't be much support so the next spot I see is ($408.25), then not much before the nice number of ($400) and ($390) to kind of set up a zone of support.

    As for my Flowserve play, I did buy that on Thursday after it gap up to ($34) and came back to the 200 DMA (where I bought it $32.12) before taking off again. Looking for the 1st level of resistance at ($34.77, from Thursday), then ($37.60) before I start to sell off a little bit. It closed Friday at ($33.84). I'm stopped out after a daily close below ($32.50) so I can take something for my efforts at least.
    I bought puts because I think the markets will pullback for a day or 2, they're for swing trading. I wrote not too long ago what I think the upside targets are for the markets.

  15. #12055
    trobin31
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    I got back into markets a few weeks ago, rally through mid-terms, until then BTFD likely keeps working
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  16. #12056
    19th Hole
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    Quote Originally Posted by Greget View Post
    Trump invested in coal...essentially handing the 21st century economy to the Chinese. What an unmitigated disaster. Now we are playing catch up and we would be foolish to give the chip industry to China. Good thing Biden is in charge. Republicans can't think past the next quarterly call.
    ~~~


    Gidget The Moron Fluffer is on the wrong side of everything just like his Brain-Dead Idol
    Biden.

    Look at China's recent coal deals bozo.
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  17. #12057
    milwaukee mike
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    the preferred stocks and bonds have really rallied lately

    except for some of the garbage i'm holding like bbby bonds... but at 24 cents on the dollar, those seem pretty good, all we need is a short squeeze on the common, and/or someone to takeover buybuybaby and those go to 100

  18. #12058
    antifoil
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    I bought an X5 this weekend with a 4 year 2.74 percent interest rate. Today I put the cash equivalent to the loan in a 3 year CD brokeraged through TDA for 3.45 percent interest. It was the best way for me to cover the cost of the loan interest with all the market uncertainty.

    Huge win when I include the other tax advantages for get a vehicle over 6,000 pounds.
    Last edited by antifoil; 08-01-22 at 06:26 PM.

  19. #12059
    milwaukee mike
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    talk about a goofball arb (if you could short amtd)

    amtd is at 240 billion... hkd owns 90% of it and trades for 2 billion

  20. #12060
    ex50warrior
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    I have a little powder dry, waiting for lower prices. Market not cooperating.

  21. #12061
    Slurry Pumper
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    Been hanging out all week just waiting to see $414.81 and that happened yesterday. I'm stepping in lightly with some SPY PUTS. I'll get some more if they push the SPY up to $417.81. And even more at $425. Actually a lot more at $425 if we find the price up there by tomorrow.

  22. #12062
    Madison
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    Quote Originally Posted by ex50warrior View Post
    I have a little powder dry, waiting for lower prices. Market not cooperating.
    Drying powder since NOV 21 and JAN 22. Started redeploying JUN/JUL small. Still plenty left. GL!

  23. #12063
    slewfan
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    Quote Originally Posted by 19th Hole View Post
    ~~~


    Gidget The Moron Fluffer is on the wrong side of everything just like his Brain-Dead Idol
    Biden.

    Look at China's recent coal deals bozo.
    GIDGET... HAHAHA, LOL... GIDGET.. He's too stupid to realize how stupid he is.. Gidget.... hahaha.

  24. #12064
    Slurry Pumper
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    Well the jobs come out today and so far this morning the futures are flat. The way things are going lately don't be surprised when the numbers come in and a positive goose of the markets happen. I bought some Puts yesterday so I wouldn't mis-out when the markets take a turn here but it is totally possible for another upturn here so the dry powder thing is a must. Just about all of the indices have yet another bull flag look to them, and they are at about a point of decision. Even on the weekly charts, only the QQQs and XLF are a little short of a test from a former breakdown area. It will be interesting to see what happens today. Hell even gold is trying to get above a former break down spot.

  25. #12065
    Shafted69
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    Blowout jobs report

  26. #12066
    Slurry Pumper
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    I got 409.25ish as the line in the sand for a breakdown. Above that on 10, 15, 30 and hourly candle closes and there is a repair operation.

    Job numbers are about as fake as they could be.

  27. #12067
    Madison
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    Job numbers are about as fake as they could be.

    Yeah, one of my first thoughts. We are in a market (bad news is good and vice versa) which is difficult for me to trade.

  28. #12068
    Slurry Pumper
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    Just hanging out watching paint dry in the markets as the summer dead time drags on. Today the SPY did get close enough to the $417.81 spot for me to step up and buy some more PUTS. For the short term at least we have the same situation as we did at this very same level. Will the bull flag move higher or will it all fall apart? Who knows, but I bought the PUTS a few months out so there is time to absorb another leg higher if that happens. A move higher to $425 would allow me to really load up.

  29. #12069
    Slurry Pumper
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    I think we will finally get some movement today in the markets. Its been painfully slow aus usual lately.

  30. #12070
    Madison
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    No disrespect to Slurry and options, but anyone coming up with some decent stocks? I've been killing FLNC and a few others. My prior Lithium stocks have soared of late.

    A pair I'm crying have missed are RIOT and MARA.

  31. #12071
    Madison
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    Also solar and clean energy doing well. PLUG, ICLN, and TAN.

  32. #12072
    Madison
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    Anyone know much about vertical spread put options and implied volatility? I'm preservation of capital as previously advertised and while they are relatively low risk they are also limited upside. Working for me so far???

  33. #12073
    Madison
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    Quote Originally Posted by Madison View Post
    Anyone know much about vertical spread put options and implied volatility? I'm preservation of capital as previously advertised and while they are relatively low risk they are also limited upside. Working for me so far???
    Kicking myself I didn't place one for DKNG (Seasonality).

  34. #12074
    milwaukee mike
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    Quote Originally Posted by Madison View Post
    Kicking myself I didn't place one for DKNG (Seasonality).
    i sell 15 puts on that one... and then if i have to buy at 15 i sell 15 calls against it... been pretty decent for a while

  35. #12075
    flyingillini
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    Will apple hit 180 anytime soon?

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