-
Comment -
If you want to buy any equities here
consider SILJ etf or a basket of silver miners.Comment -
Nothing different to report today. I'm looking for the SPY to get to maybe 445 where the 200 DMA and a resistance line is drawn. On the QQQs they are right at the resistance line and 20 DMA now but I can see them moving up to $358. Be aware however that since the QQQs are right up against a pretty strong resistance level, the entire market can be influenced and thus get rejected today. I don't think that happens, but I wouldn't be surprised by it either. The IWM is leading the charge up the hill here lately and this can make it up to the 210 level or even the 212 level. Either one of those will be met with me buying those 3 to 4 week time to expire PUTS again. SMH has a little room to move up but there are the 200 DMA, and resistance levels left and right along the way. How about the Dow Transports you ask, after eclipsing the near by 50 DMA to the upside, there is only the 100 DMA left at 15835 before the all time high but that just may be wishful thinking. It battled through 3 moving averages including the big 200 DMA just yesterday so we'll see. The dow transports is like the marines, first in the battle and that along with the IWM is a good leading indicator of what is to come. I remain bullish today but I must admit my crystal ballz are straddling the razor wired fence here with some of the metrics. I think there is a big down move still coming soon but for today it is up the hill. Its a day traders type of market with pretty big swings in either direction and if you're not careful, one of those crystal balls can get sliced on that razor wire.Comment -
Discounts will be getting bigger and bigger.Comment -
Oil, DXY, commodities all going to the moon...GG fellas. Feels like something insane is coming, Great Depression 2.0 level stuff, protect yourselvesComment -
Last week we witnessed all the markets top out and make another lower high. This week both of my crystal ballz are letting me know that we may see lower lows by the time that closing bell rings on Friday. If we stop taking Russian oil you can expect $140 a barrel real soonComment -
happy 4th anniversary to this thread (03/06/2018) and a HUGE THANK YOU to all who have contributed !!Comment -
Is this the week things turn very ugly?Comment -
Hi All I've been on a long weekend vacation so I haven't had time to post much. Of course with the things going on in the market, I have been working while also enjoying the finer things in life, like getting hammered for the entire weekend. Last Thursday I thought the market may move up but it more or less gapped down and then see sawed the rest of the day. Correction, it actually did a gap and crap. I used that opportunity to load up on QQQ, IWM, and SPY PUTS that expire in a month. Then on Friday, after the market did the same thing as on Thursday with another gap down and more see saw action from there I got more aggressive with buying the QQQ, IWM, and SPY Puts that all expire on Friday. The high premiums are just a cost of doing business but if you get rid of them before the final day, you can retain some of the premium pricing. Also the high premiums are a tell that they need to be elevated so that the sellers will be willing to take the elevated risk.
I think we see a pretty sizable stinking dump this week and probably going into next week until the FED shows up to talk. Funny thing is it doesn't matter what he says, the markets will all mark a bottom and then it will be back to the buy the dip story. Geopolitical things will magically work out around that time as well and out of the very darkness of war, the oil spike will subside and we will be getting the rebirth of the market trade that just might push to new all time highs. Speaking of highs, no I'm not high... yet anyway, that is the forecast from me for the spring to summer months. For now however I see some capitulation selling coming in for the next week and a half. As always things can happen and I have been wrong in the past, although not that often, so keep a keen eye out for signs of life for the bulls.Comment -
guys i bought DCNNF which is the US ADR for Canadian Palladium Resources @ .09sComment -
RIG, $10 make you hollaComment -
i do not want stocks you have to buy and sell i'm sticking with ones that are listed on the SEC and pay dividends every 3 months buy 1 one month buy another diff one next month then a 3rd month after this way you get paid every month so on n so on i know personally one guy that strated last year with only $1000 cash prices were like only .20 per share now he's quit his high paying career job as VP of big comapny Paid him $150,000 a year plus benefits for whole family and is tripled that income and knows how to avoid taxes
reivest that money in high yiels securities like paying 2.5% then sit back every day and j o or get a bj from your bitch LOLComment -
I've been slowly trimming my portfolio since last summer. More significantly since Nov/21. I'm am certainly not a buy and hold and yet I'm not an options person as I'm tethered to my IRA.
Would you kindly extrapolate a little on your comments?
Not sure if you saw or cared about my referral to the book by Adam Baratta "The Great Devaluation" but was looking forward to some comment from you. BOL. Challenging times.
Thx!Comment -
OIL
Can one of you more intelligent folks explain to me how we import 3% or less in Russian oil and that can cause domestic gas prices to rise circa 100%. And, even more so, why are none of the talking heads mentioning?
I'm a confessed conspiracy theorist and wonder if the Exon's and Chevron's of the world aren't porking all of us??Comment -
I haven’t read it, sounds interesting though and right up my alley, will check it out
Every chart I’ve seen with the current defensive posturing indicates a flight to safety bc of incoming recession, the dollar being the world reserve currency goes for it, energy & commodities being the life-blood of civilization go for it, so money gets moved into the safest places that we all know regardless of any country falling or mass hysteria, we will all need energy, food, wood, steel etc. the market is pricing in the risk of a very catastrophic event right now, I don’t think it has actually happened yet, hopefully I am wrong.Comment -
Well today was about as good as it gets for a trader. Sure the futures were down early, but as the market opened, the QQQs are positive, and the other big indices are right around 0 as well, then it went to shyt like I said it would. So you had a chance to hop on board the PUTS train to hell for the next week or so.
The big energy companies don't have to pork you in any nefarious way, they get to do that out in the open without trying. I think that 3% sounds like a small number until you consider how tight the oil markets are. 3% of the good ole U.S.A.s usage is about 540,000 barrels a day. That's allot of gas into the tank. The psychology will start the hype machine for the oil futures with buyers trying to get their share knowing that a half million barrels are not there like it used to be. The oil gets bid up for a while and that make the market go parabolic for a while. What goes up must come down so eventually it will come crashing down, and I'm willing to bet that starts to happen in a 1-1/2 weeks or maybe even sooner if things start to break the right way. In reality the U.S. consumer will adjust their usage to make those 500,000 barrels not needed. I know I'm not just driving around in my giant land Yacht Super Duty Dodge truck rolling coal like I used to. Now I take out the Krautwagon TDI. Sure I'm still rolling coal with all the illegal upgrades, but it stil lgets 45 MPG as compared to 15.Comment -
They started when Biden was inaugurated. It just took a year or so for the rest of the insanity to kick in.
Even Trump predicted 7 dollar gas in 2020.. He recognized what this leftist regime of socio-marxists were up to. Now we have to wait it out and hope for the best as Putin becomes emboldened. As will China, Iran, and N. Korea.
Now is the time to buy low and wait for the socio-marxists to be voted out of power.
THAT IS OF COURSE IF THE ELECTIONS ARE NOT RIGGED...!!!Comment -
Could this get any uglier? I feel like the bottom is reached, or at least very close to it.Comment -
-
-
Putin doesn’t want to die so he will take it as far as they can. Russia has been attacked twice through the flats of Ukraine. To be honest with you Russia was found where the capital city of Ukraine. They moved north east to make it harder to attack them by land. That is the history lesson for you guys.Comment -
Waking up a little green this morning which is to be expected after being taken out behind the woodshed for a ole fashion ass kicking. Either today or tomorrow as history shows, will be an up day. This is just very short term and I may put on some very short term (today and tomorrow) hedges to offset any bullishness that shows up. This cat might not bounce much an it can still all fall apart so by lunchtime don't be shocked if things just turn for the worst. Remember the Trick, Trap, Fool and Fux you sideways crew is always out there trying to get you to think one thing is happening just before they pull the rug out and go the other way at exactly the wrong moment for the majority of the people.Comment -
The market was going green until Biden says he's going to announce bans on Russian oil, gas and coal.
Just as Ukraine is ready to cut a deal with Russia, US does this.
Will the US allow Ukraine to cut a deal with Russia?Comment
