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Post by crumbdon on Mar 30, 2015 11:47:22 GMT -5
If the market falls, this board get very quiet. If it rallies, even quieter. [shrug]  Neither trading nor working today. It's my sweetie's B-day today. Taking the day off to treat her like a queen. Have a great day, everyone! (P.S.- really itching to short this, but will wait to see how the day ends) |
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Post by huh on Mar 30, 2015 11:50:59 GMT -5
Come on FAS, get over that 4% hump and we might see an SPX 40-50 pt day FAS @ +4% now |
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Post by huh on Mar 30, 2015 12:06:02 GMT -5
And the only chart necessary to know? ...  Come to think of it, this may end up having a dual meaning. Muhahaha! |
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Post by huh on Mar 30, 2015 13:23:46 GMT -5
Odd. Energy the best performing sector of the day, yet oil still very red.
(Utilities the next best performing sector)
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Post by Herceg on Mar 30, 2015 13:47:00 GMT -5
Everything that made a move has not really pulled back much............sort of in limbo...............
JMO and BOL..........
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Post by huh on Mar 30, 2015 13:49:05 GMT -5
Everything that made a move has not really pulled back much............sort of in limbo............... JMO and BOL.......... Herc, I'm curious, are you waiting for a top to short the entire market for a sustained down move, or specific names? Or are you waiting for a strong pull back to go long? (or both?) |
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Post by huh on Mar 30, 2015 13:59:01 GMT -5
I was so bored I even turned on CNBC for about 10 minutes. I think that's the 2nd time this year. They were pumping banks and talking about how they're likely the best buy right now. Umm...this is a short squeeze IMO. Nothing more. They even had a "technical" trader on who talked about the bullish "two-step pull back" in JPM. Here's a look at that two-step pull back:  Who do they think they're kidding? When it gets above that shoulder test line for a head test, it's time to sell it. A good short term long perhaps, but definitely not for their typical buy and hold investor. |
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Post by Herceg on Mar 30, 2015 14:17:21 GMT -5
Everything that made a move has not really pulled back much............sort of in limbo............... JMO and BOL.......... Herc, I'm curious, are you waiting for a top to short the entire market for a sustained down move, or specific names? Or are you waiting for a strong pull back to go long? (or both?) Actually all of the above depending on what happens first.................As you know I've been suspect of this mkt. for many moons........unfortunately missed a lot of the move up but when they start fudging the numbers and taking things out to make it look better, just makes me that much more distrustful...........what they say and what I hear and see on the street don't really mesh................Deficit rising, more people working multiple part time jobs, more food stamps does not make for a good recovery IMO, hence the pessimism.................trying to be very selective in my moves...............this week started great as you had predicted last week, but how long in to the week it lasts remains to be seen................unemployment on Friday when mkt. is closed so I don't expect much bigger moves in the week unless they run it up and settle profits on Wed and Thur................. All speculation on my part...............   ..............  |
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Post by huh on Mar 30, 2015 14:44:40 GMT -5
...unfortunately missed a lot of the move up but when they start fudging the numbers and taking things out to make it look better...but how long in to the week it lasts remains to be seen... As for how long, my guess is until new highs. And you didn't miss much. I've been tracking portfolios of individuals I know, and a college fund for my kids, and I'm telling you they did not perform as well as the indices. Not one. Unless you were long very specific names, or the indices themselves, you haven't missed a thing. Those that are "diversified" are getting scammed. It's funny you mentioned the fudging numbers. I read a post the other day that was talking about how bad it is for Greece having a 2014 debt to GDP ratio of ~175% with only an estimated 1.4% GDP growth for this year. So I checked our numbers. US had a 101% debt to GDP ratio for 2014, with an anticipated GDP growth of ~2%. But here's the thing...in 2013 the gov changed the way the GDP is calculated - both going forward and for all the previous years - to include things that were never included before. And economists have been well over on their GDP growth estimates the last couple years. I have to wonder, how would we compare with Greece if all things were calculated the same? |
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Post by jacksrbtr on Mar 30, 2015 14:53:07 GMT -5
Gareth of ITMS sold his QCOM for a 4.5% gain and added to his CHK position.
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Post by huh on Mar 30, 2015 14:57:18 GMT -5
FAS fell under it's 4% gain.  And I thought the market closed hours ago.  |
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Post by jacksrbtr on Mar 30, 2015 14:59:22 GMT -5
If the market falls, this board get very quiet. If it rallies, even quieter. [shrug] Only checking in sporadically...offer what I can which ain't much. Gonna have to do more recon finding lettuce seedlings... |
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Post by huh on Mar 30, 2015 15:01:01 GMT -5
Major resistance for AAPL @ 126.60-126.75. If it manages to climb above it, hang on.
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Post by huh on Mar 30, 2015 15:15:11 GMT -5
Potential for a large oil spike tomorrow. Patterns haven't confirmed yet, but upside targets ~49.90, 52.40 and 60.
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Post by jacksrbtr on Mar 30, 2015 20:48:02 GMT -5
Potential for a large oil spike tomorrow. Patterns haven't confirmed yet, but upside targets ~49.90, 52.40 and 60. Assumption is that there will be no Iran deal...my guess, however, is that there will be a deal. But in some perverse manner the market will determine that allowing Iranian oil on the world market is a good thing and rather than driving down the cost/barrel it will raise it. Such is the perverse nature of our times....the laws of supply and demand under a $17-18T national debt are cast to the wind. And my guess is that we haven't seen nuthin yet. |
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And I thought the market closed hours ago. 