Official Investing Thread

Discussion in 'The Mainboard' started by Joe Louis, Jul 12, 2010.

  1. stexraider

    stexraider Fire Everybody
    Donor

    the vast majority have the ability to trade outside the calendar... in the case of the largest age based manager (Fidelity) ... they don’t even trade based on calendar dates at all... I love zero hedge but they are absolutely nuts a lot of the time
     
    Stagger Lee likes this.
  2. southside

    southside Well-Known Member
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    Zero hedge is trash with their fear mongering
     
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  3. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
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    Yeah, I'm not touching that thing.
     
  4. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
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    I agree it has gone downhill, but i wouldn't call it trash (unless that opinion is based on your political leanings). I still read it and enjoy the articles more often than not. They provide pretty substantial analysis for what it is
     
    construxboy likes this.
  5. Sportfan

    Sportfan From Six to Dumptime

    Why can’t w bunch of people buy service now thinking it’s SNOW?!?
     
  6. HuskerGuy99

    HuskerGuy99 Above Average Member

    Anyone hop on this BA train this morning? Thing ripped from the get-go again. Many 3-5 baggers in progress on weeklies. Couldn't hold anything through the Fed minutes and will wait for more confirmation of trend tomorrow and Friday.
     
    HuskerInMiami likes this.
  7. HuskerGuy99

    HuskerGuy99 Above Average Member

    lol watch the DXY as Powell speaks. This is hilarious. Be careful engaging in any positions here.
     
    southside likes this.
  8. Sportfan

    Sportfan From Six to Dumptime

    Maybe Powell should stop talking
     
    Stagger Lee, BP and Struggler like this.
  9. pacey

    pacey Well-Known Member
    Donor

    I had a good day. My day trade stops hit this late afternoon. Glad I put those in. No telling what the market is going to do tonight.
     
  10. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
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    LOL at asking the Chairman of Federal Reserve about "social justice" policy.
     
  11. HuskerGuy99

    HuskerGuy99 Above Average Member

    Yup. Watching after hours trade today. After options settle the gloves may come off.
     
  12. CaneKnight

    CaneKnight Well-Known Member
    Donor

    What's Powell saying, I'm seeing those dips start
     
  13. HuskerGuy99

    HuskerGuy99 Above Average Member

    Oh shit looks like they don't want to wait for close lol. This could be a steep drop.
     
  14. HuskerGuy99

    HuskerGuy99 Above Average Member

    Nothing he says matters right now. This was going to happen no matter what.
     
    Sportfan likes this.
  15. HuskerGuy99

    HuskerGuy99 Above Average Member

    SPY 339.5 the level right now. Pretty clear that's the balance point.
     
  16. NothingIsOT

    NothingIsOT Always down for the Kroger parking lot!
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    I'm doing well today. CCL, CPRI, FDX
     
  17. southside

    southside Well-Known Member
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    Have gone from 50% margin to 20% cash over the last few days
     
  18. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
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    Don't like the look of this:

    [​IMG]
     
  19. HuskerGuy99

    HuskerGuy99 Above Average Member

    Post link I can't see that IMG.
     
  20. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
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  21. HuskerGuy99

    HuskerGuy99 Above Average Member

    Yep it's pretty clear that the market does not want to trade above 342. Now they already fucked us over once, so I won't rule out an up move. Been circling tomorrow and Friday for sell days. Will come back in about two hours and see how after hours trade looks.
     
  22. NothingIsOT

    NothingIsOT Always down for the Kroger parking lot!
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    Friday is going to be fun.
     
  23. southside

    southside Well-Known Member
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    VVIX the lowest reading since corona started.
     
  24. HuskerGuy99

    HuskerGuy99 Above Average Member

    lol they closed trade and then futures began to start tanking with increased volume immediately.

    Oh shit it just really picked up with volume now.
     
    HuskerInMiami likes this.
  25. burnttatertot

    burnttatertot (๏̯๏)
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    Been a glorious couple days.
     
  26. pacey

    pacey Well-Known Member
    Donor

    [spoiler\]
    The markets were mixed yesterday after the Fed announced they would keep interest rates at zero until inflation starts to move above 2 percent. That could be a long time as the Fed has been trying to get inflation above 2-percent for almost 10 years and hasn’t been able to do so. The market initially rallied on the news, but then pulled back when it realized that this was not good news, as low inflation is a sign of a weak economy.

    After being up over 360 points, the Dow finished with a gain of only 37 points at 28,032. The NASDAQ and SPX were down 140 and 16 points, respectively. Volume on the NYSE was moderate, coming in at 110 percent of its 10-day average. There were 89 new highs and 7 new lows.

    Yesterday’s up-down action was negative from a candlestick perspective, as it could be interpreted as the initial body of a reversal pattern. We will know more about the pattern today if the market continues the decline that started about 15 minutes after the Fed announcement. One thing that’s troubling is the action on the S&P, as yesterday’s post Fed decline broke through the lower trend-line of a small triangle pattern that has been forming for the past three days. Going into the Fed announcement, the triangle had completed 4 waves of the triangle, with the short post announcement rally to 3,429 being wave 5 of retracement Wave 2 up. I previously mentioned the 3,425 level as trend-line resistance, so yesterday’s rally to 3,429 held for all intents and purposes. If this is the case, the ‘Blade’ of the S&P’s recent rally, which is also an Ending Diagonal, could be complete. If so, the next decline should drop the S&P to about the 3,325 level with the 3,062 level likely after that.

    The key level to watch on the Dow remains at 27,500. This level represents the ‘Neckline’ of a Bearish H&S Pattern. Yesterday’s rally in the Dow appeared to complete the Bearish complex flat pattern that has been developing for the past week or so. A break of 27,450 would confirm that a stair-step decline from ‘Neckline’ support is underway. My target for this decline is near the 25,000 level.

    The Market Timing Indicators for the Major Indexes remain mixed. The Timing Indicator on the Dow is Neutral. The same indicator on the NASDAQ remains Negative.

    The Dean's List is Positive, with a Neutral Tide.

    The Sector Ratio stayed at 21-3 Positive after yesterday’s session. The top five strong sectors were Consumer Products, Transportation, Service, Retail and Media. The three weak sectors were Energy, Semiconductors, and Computers.

    I remain of Full Red Alert as I continue to watch the developing H&S patterns on the major indexes. Again, the key support levels for these indexes are Dow 27,500, S&P near 334.87, NASDAQ near 10,730. BTW, my initial target for the NASDAQ, based on its H&S pattern is near the 9,500 level. Yesterday, the NASDAQ closed at 11,050.

    There were NO CHANGES to the Model after Monday’s session. The Model continues to hold trial positions of 1,200 shares of TWM, 1,600 shares of DXD, 400 shares of DUST, 800 shares of QID, and $35,531 in cash. The Model continues to look for opportunities to buy shares of inverse index ETFs.

    Gold (GLD) rose 0.52 cents to 183.97. Gold remains on a Neutral signal as its triangle pattern continues to form. Students should continue to watch for a breakout from the triangle as prices could move significantly higher or lower from current levels, depending on the direction of the breakout. We should know the direction in the next day or so.

    The Dollar (UUP) rose slightly, so if this continues, gold should begin to fall.

    Bonds remain on a Neutral signal. It’s likely that Bonds are in the process of completing a small corrective wave 2 within a larger Wave 3 down. TBT, the inverse ETF for Bonds, rose slightly yesterday (+11 cents) at 15.65. I bought a few shares of TBT yesterday for my IRA using the timing indicators on the hourly bars. Students should watch for a change in signal on the daily bars.

    That’s what I’m doing.

    h
     
    BP likes this.
  27. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
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    Well the market bounced off support levels at the opening. I think we're going to retest before end of day. Maybe by lunch.
     
  28. The Milkman

    The Milkman Send lawyers, guns and money, shit has hit the fan

    I bought in at 9:35 this morning. Loaded up on JD Jan $70c and Mar $75c. Fully prepared to get spit roasted within the hour
     
  29. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
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    I did too, but my stop loss hit right before the price took off
     
  30. The Milkman

    The Milkman Send lawyers, guns and money, shit has hit the fan

    Probably a blessing in disguise
     
    Stagger Lee likes this.
  31. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
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    The bears and bulls have been battling hard the last ~10 min. Look at the volume and how little price has moved.
     
    HuskerInMiami likes this.
  32. The Milkman

    The Milkman Send lawyers, guns and money, shit has hit the fan

    Love the rush of volatility, helluva drug
     
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  33. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
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    I've been day trading SPXL and SPXS up and down all day. It's basically allowed me to keep my account balance even on the day despite all my holdings being very red
     
    HuskerInMiami likes this.
  34. LeVar Burton

    LeVar Burton Knee deep in a dynasty, ROLL TIDE!
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    I was told last night we sent my mother one of these for her birthday.
     
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  35. HuskerGuy99

    HuskerGuy99 Above Average Member

    Well, we got the down day I was looking for. Tomorrow was pegged as a sell day as well and has monthly/weekly/quarterly options expiring. If you trade SPY options just be aware that the dividend will be chopping about $1.50 off the price so adjust any bets you will be making past today. About 85M SPY volume today during retail trade, which was up from the last couple days. Didn't trade today despite seeing a few opportunities. BA pulled a near repeat of yesterday and I saw some 10-baggers in the weekly calls within two hours of the open. Could have also returned over 100% with weekly puts on the way back down...and then returned another 100% with calls in the last hour. It was that type of roller coaster day. It was also crazy to see PEP trading back around $132. I probably should have jumped all over that opportunity with next week's calls, but I am still not comfortable holding overnight at this moment. NASDAQ weakness really seemed to pull it down hard. Keep an eye on that one if the market stabilizes as $135 should be a given and $138 a very nice OTM possibility if we have a NASDAQ bounce.

    Of interest were the DXY drilling back down along with the volatility. Not a complete sell off in the up/down ratio either. I believe it was around 25/75 or 20/80. So we will see how much more this correction can move tomorrow. I am beginning to suspect that we may just chop in this zone that we have been in between 330 and 345. Very similar to early summer trading around 280. They will trap a lot of bulls and bears this way, but the upside is you will have some very familiar levels to scalp from.
     
    HuskerInMiami and letan like this.
  36. Baseballman86

    Baseballman86 Well-Known Member

    Trump following through on Tik Tok and WeChat bans, apparently starting Sunday. Probably not great for Oracle but wonder if any halo effect?
     
  37. bRamonceTaylor

    Donor

    Didn't practically nothing of significance happen last witching day?

     
  38. southside

    southside Well-Known Member
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    yeah because of the chop. swing trading time
     
  39. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
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    SNAP saw a boost in PM then sold hard at open. ORCL is holding okay and WMT too.

    Mentioned this in the TikTok thread but this is very likely pretty temporary. This "ban" only stops new downloads; it wouldn't cut access entirely until November, if a deal doesn't go through. As soon as Trumps buddy at ORCL has their deal, he'll remove the download ban.

    It's fucking gross that the only thing he can be bothered to move for is to make an otherwise dead company a deal they have no business making.
     
    HuskerInMiami likes this.
  40. NothingIsOT

    NothingIsOT Always down for the Kroger parking lot!
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    So what positions you going with? Seems like a slam dunk trump is cozying this up for Oracle.
     
  41. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
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    Thinking about a mid-October ORCL call. It's pretty flat today so options way OOM are dirt cheap right now.
     
    HuskerInMiami likes this.
  42. HuskerGuy99

    HuskerGuy99 Above Average Member

    Watch out for strong reversals today. If we can't crack 332.50 again we could rip higher into close. In some PEP $135 calls for next week.

    Selling volume is not really there and up/down is about 40/60 in S&P 100 so it's not strong. Fuckery on a day like today is expected.
     
    HuskerInMiami, Hawks11 and Sportfan like this.
  43. The Milkman

    The Milkman Send lawyers, guns and money, shit has hit the fan

    We're definitely going to rip this afternoon.
     
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  44. The Milkman

    The Milkman Send lawyers, guns and money, shit has hit the fan

    It's time to buy AMZN, going in boys
     
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  45. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
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    Sure, I'll play this stupid game.
     
    dukebuckeye and The Milkman like this.
  46. Sportfan

    Sportfan From Six to Dumptime

    What happens now that we broke through?
     
  47. HuskerGuy99

    HuskerGuy99 Above Average Member

    Depends on your time frame. Daily close for longer. For me, I am right around my exit at loss area. Still thinking bounce but if we drop through 330 and hold by next hour close I am out and selling could pick up. 30/70 up/down now and volume is about the same. No need to panic yet.
     
  48. southside

    southside Well-Known Member
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    too early on AMZN. VXAZN is still climbing
     
  49. pacey

    pacey Well-Known Member
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    IF we break 27,500 before close with time left on the clock, it could be a blood bath until 4.
     
    brolift likes this.
  50. ohhaithur

    ohhaithur e-Batman
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    I'm almost all cash :\