When everything falls into place like the flick of a
switch
Well my mama told me there'll be days like this
switch
Well my mama told me there'll be days like this
The perfect day.
The market decides to shake down anyone and everyone who bought in over
the past two weeks. The DJIA plunged
-270 points in the morning session, only to reverse sharply and post a gain
heading into the final hour. Let’s
clear the riffraff off the ‘Street’ and get on with the rally!
The market decides to shake down anyone and everyone who bought in over
the past two weeks. The DJIA plunged
-270 points in the morning session, only to reverse sharply and post a gain
heading into the final hour. Let’s
clear the riffraff off the ‘Street’ and get on with the rally!
http://musicjustfor.me/assets/songs/15000-15999/15583-catch-a-falling-star-perry-como--1411568631.mp3?dl=1
ReplyDeleteRH coming to that gap fill in low $30s
ReplyDeleteLooking at it closely. This is a name I'd like to get in.
DeleteReminds me of Design within Reach which is essentially bankrupt.
DeleteWarren Buffet on CNBC Monday morning - that's usually good for an up day in the markets.
ReplyDeleteRussell 2000 could go on a nice run here.
ReplyDeleteMakes sense. Had that great run into 2013, but got overvalued, but now earnings have gone up and prices down for a couple years. Plus Russell 2000 is 26% Financials compared to 16% for S&P 500 and financials are the cheapest sector in the market.
DeleteIf we get the type of move I am thinking where value outperforms, the economy improves, interest rates rise, housing improves, financials will be a big beneficiary and being overweight like the Russell is will help.
I think oil has bottomed. I haven't heard too many technical analysts say this. This reminds me so much of the March 2009 bottom. The recent rally continues to be hated. There's no reason for a rally. This is the wild car for future upside. Some stability in oil yet a price below say $50 would be great for the market at least in the short term.
ReplyDeleteSee the WLL news - http://seekingalpha.com/news/3136926-whiting-petroleum-cuts-capex-80-percent-suspends-fracking
DeleteWLL says Q4 production rose ~18% Y/Y to 155,210 boe/day, and expects to pump 128K-138K boe/day for FY 2016.
Plus Canada production is starting to fall as well.
Anyone remember the big run up in JO at the start of 2014 I think? This run in the gold / gold miners looks so similar. I would think it peaks some time over the next couple of months then craters lower after some big event to quell everyone's fears. Not sure if that means the market falls more first.
ReplyDeleteI am not buying back into the gold rally yet because silver is underperforming gold in this rally, and so it looks like gold is rallying not because a steady inflation is finally on the horizon but simply because people are scared of the falling market and are trying to diversify away from stocks. Once they realize that the stocks have bottomed, money will flow out of gold. So I don't think the current rally is the start of the new long-term bull market in gold...
DeleteJust look at this chart of expected inflation:
Deletehttps://research.stlouisfed.org/fred2/graph/?graph_id=87988&category_id=0
It doesn't look to me like it has established a new long-term uptrend...
If, yesterday, I were long this market but doubting the recent rally and looking for a place to exit, then I would have placed a stop below Feb 19 lows on S&P. These lows were promptly violated this morning, and them the market rocketed higher. So now I would sit and wait until S&P rises above Feb 22 highs before jumping in.
ReplyDeleteT3d, POT and MOS have great charts indeed. If I had any cash left at this point, I would be buying them.
ReplyDeleteBullard tomorrow morning. Remember he just reiterated his stance the fed should not raise rates any more and he's generally more hawkish
ReplyDeletehttp://www.cnbc.com/2016/02/24/cnbc-media-alert-cnbc-exclusive-federal-reserve-bank-of-st-louis-president-james-bullard-to-guest-host-cnbcs-squawk-box-thursday-february-25th.html
This rally could really get going after this
Although it does appear that there was clearly some front running this appearance.
DeleteIf I were long USO, I would place a stop below Feb 16 lows. These lows were promptly violated today and USO finished green. So I would be out of the market, waiting to jump in if USO rises above Feb. 22 highs.
ReplyDeleteMoral of the story: we may get a pretty powerful rally soon in S&P and USO, once those people who were stopped out today decide to jump back in.
The stage has been set. Just waiting for the actors to appear.
DeleteKMI- I betcha we get another chance at this at 15.
ReplyDeleteAnd it's Hoof-Hearted out of the gate... Pass the Pentobarbital.
ReplyDeleteSlave produced goods banned by POTUS, this will cause hyperinflation.
ReplyDeleteAdded some ALDW..... "What a gift!"
ReplyDeleteSUNE - Did you see this move?
ReplyDeleteINT - How does this jump like that?
ReplyDeleteI decided to diversify my portfolio a little from the oil sector and took profits on my ECA position at $3.65, which I opened last Friday at $3.15. And then, I rotated that money into January 2018 $15 calls on POT at ... $3.65! I wonder, in the end, what will end up with a higher percentage gain: these calls or ECA, since they start at the same price. :)
ReplyDeleteAlso, my buy limit order on UGAZ has been triggered at $0.90, and I placed a sell limit order at $1.10 for this lot.
ReplyDeleteAmazing, hun?
ReplyDeleteAwfully tempted to sell those GPS I bought last month as they are now up 18% going into earnings tonight. I don't see too much risk though as they have already warned, so would expect at least a hit or maybe a beat.
ReplyDeleteBut who knows what they'll say on the outlook and that could affect the stock.
Reading about how the states are pushing harder to start taxing companies like AMZN. I think people will be surprised how much that helps general retailer like GPS, etc. when AMZN gives up their 7% (+/-) sales tax advantage.
Take the gain
DeleteI agree with taking the gain, anxiously awaiting for states to announce their plans for making up tax revenue lost on vehicles powered by unicorn urine.
DeleteCIE - Wonder if MOG plans to cover and use the gain to cover his solar panel installation?
ReplyDeleteYour thinking way too small. how do you think he pays ME?
DeleteBased on his track record I'd say you should get the job paid in full before ordering the materials.
DeleteToo funny. P&F charts now show a 1,204 price target for $RUT. That’s a bit extreme. I wonder what the target was at 950.
ReplyDeletehttp://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$rut,pepmdanrbr&pnf=y
DeleteGold collapse coming in 3...2...1...
ReplyDeleteRates headed up? Low rates on paper are driving paper gold.
Delete10 year rate fell a mere 2.6% today.
ReplyDeletehttp://www.kempa.com/mp3/Eddie%20Murphy%20-%20Boogie%20in%20your%20Butt.mp3
ReplyDeleteWLL/CLR- winners and losers seem to be getting picked here.
ReplyDeleteSold GPS at $27.62, so made 19.8%.
ReplyDeleteI probably should take it off my watch list before the earnings come out - haha
AGO and CBI earnings out after the market today as well. I expect they both will be good. Will be interested to read what AGO says about Puerto Rico as I'm pretty confident the stock moves up well once this is resolved - seems to happen every time (eg. Detroit).
ReplyDeleteFront-month (currently March) NG futures today dropped below the closing price of the mid-December low:
ReplyDeletehttps://www.quandl.com/data/CHRIS/CME_NG1-Natural-Gas-Henry-Hub-Physical-Futures-Continuous-Contract-1-NG1-Front-Month
Is that enough pain for traders? Can we rally now?
The stage has been set and the actors started showing up today. The headliner is due to arrive tomorrow.
ReplyDeleteI say big up day manana.
Hopefully for NG as well! :)
DeleteOh man. Nat Gas is in a house of pain.
DeleteI personally have zero interest in individual stock exposure right now. Might change after we rally more. I'm thinking the odds of a sizable move up are quite high right now, especially if we see oil rally more. I think there's a chance we get a setup just like 1998.
"Oh man. Nat Gas is in a house of pain."
DeleteWell, if you look at the chart link I posted above, right now seems to be a great entry point, as NG is at the support level going back to 2000...
We are near the end of the heating season and storage levels are at 5 year highs (a lot due to the mild winter, unlike 2 years ago when we were at 5 year lows: - http://ir.eia.gov/ngs/ngs.html
DeleteIn another few weeks, we start the seasonal build. I think the best hope for Nat Gas is we have a exceptionally warm summer to follow the mild winter, and with many utilities flipping to Nat Gas, demand will be high due to above normal air conditioner and electricity usage..
My propane isn't doing half bad, given the dividend.
DeleteLooks like GPS down 3.5% after hours - thanks for the push!
ReplyDeleteSUNE- That's a pretty high stakes game right there!
ReplyDeleteSunEdison defeats Appaloosa's injunction on Terraform deal
ReplyDeleteYINN - What's going on man, I thought China was going to kick ass and take names? Despite of course all the container ships globally are at anchor?
ReplyDeleteFiscal stimulus package in the pipeline?
ReplyDeleteSounds like it...globally...China talking about it too
DeleteJCP - Woo-hoo!
ReplyDeleteI think retail is still a good place to be looking. Valuations and expectations are low. Wish I had a better fashion/trends sense.
DeleteStill own that RET.A in Canada - they are smart in that they go after niche markets like pregnant and oversized women and don't have a lot of direct competition.
Dan Dicker @Dan_Dicker 3m3 minutes ago
ReplyDelete$CLR and $WLL decision to suspend #fracking shows where we are in this #oil bust cycle:http://bit.ly/1VILOH2
I didn't realize this!
I'm still confused, I guess I'll find out later.
DeleteTrying SEDG @ 24.37
ReplyDeleteForget it. The markets already pissed away the mornings gains.
Delete"Public Purpose Micro Grids"? PEPCO terminology
ReplyDeleteVolkswagen - Wonder why, assuming these vehicles can burn bio-diesel, that wouldn't qualify them as emissions exempt?
ReplyDeleteEYES - All the newbies are being taken to the woodshed. Rinse and repeat.
ReplyDeleteTBT - So tempting, assuming fiscal stimulus becomes the next driver no doubt rates should be headed up.
ReplyDeleteCan the Russell 2000 do the unthinkable and get to the P&F target of 1,204 by say June?
ReplyDeleteTop ticked it.
DeleteRussell 2000 still nicely green as the major averages turn red.
DeleteIt has gotten so beaten down. Unless we go into a full fledged recession (which seems highly unlikely when everyone is expecting it...at least highly unlikely in the next month or two) then there's some catching up to do. It was down nearly 30% from the peak just 8 months beforehand. And their earnings have held up much better than the S&P (I believe they were flat or slightly down vs down 6% or so for the S&P). Granted if oil bounces significantly to say $45 or so then that should help the S&P a little more as energy only makes up about 2% of the RUT. But the RUT now trades at around 14.9 or so estimated 2016 earnings (vs 15.9-16 for S&P).
DeleteA note I received this morning from zacks.com:
ReplyDelete"Okay", I can hear you say. "The market is testing resistance and might edge up a bit. So what?"
The "so what" is that it's showing this strength in the face of all kinds of negative news, from banks being forced to raise their Energy loan loss reserves as they model $25 oil to earnings estimates for Q1 slipping further this week to -8.6% "growth".
Bottom line: A market that won't go down on bad news that everyone knows, is a market that wants to go up. Yes, I've been saying that the Earnings Recession would take us to new lows. I just think that the full "valuation re-set" is being delayed until it's less obvious when it's coming.
People are starting to "get it," and may start piling back into the market soon...
DeleteNot until they get shaken out a few times David. Today is a start as far as shake outs go. I still think oil is done going down just based on how it has been bouncing back from pullbacks lately. Could be wrong but just some stability there along with a flat lining dollar would go a long way toward moving stocks up. Then you need some sort of catalyst to get people to cover their shorts and really get the momentum going. Will be tough as there's a good deal of negatives out there in the world that are impacting earnings.
DeleteEven with the S&P negative, my portfolio is having a great day with only a couple red and 1/3 up more than 3%.
ReplyDeleteIt's hitting all my themes with interest rates higher, signs of improving economy/better consumer, value over growth and energy stocks doing well (even though oil sightly down).
http://thereformedbroker.com/2016/02/24/coiling/
ReplyDeleteThru Tuesday, small traders had increased their bets against major indexes to an all-time $ record. $SPX
ReplyDeletehttps://twitter.com/sentimentrader/status/703317108080283648
Can't say I blame them, feeling a little toppy and I bet breath stinks?
DeleteThat's amazing
DeleteWell, at least UNG outperformed SPY today. :)
ReplyDeleteLooks like DOJ has set their crack pipe down, turned off the porno monitors and is finally looking into injustices (long after everyone has lost their shirts, dies and blown away).
ReplyDelete"Feb 26 (Reuters) - General Electric Co said the U.S. Department of Justice in January issued subpoenas to WMC Mortgage Corp and GE Capital seeking documents as part of an industry-wide investigation of subprime mortgages."
Wonder if it takes them 20 years to get around to investigating white collar crimes being committed today?
Should we place any faith in the German propaganda machine?
ReplyDeleteEstimated 2015 German GDP: €3.84 trillion
Estimated 2015 EU GDP: €19.18 trillion
Real Deutsche Bank derivatives as of December 2015: €54.74 trillion
CAB - Did you guys miss the elephant entering the room at CAB?
ReplyDeleteXOP stuff...
ReplyDeletehttp://www.bizjournals.com/houston/news/2016/02/24/former-eog-ceo-oil-industry-to-go-through.html?ana=twt
Wonder what he was saying 2 years ago?
ReplyDeleteThey ran the Eddie last week in Memory of Eddie Aikau. Huge Surf Hawaiian Style.
ReplyDeletehttps://www.youtube.com/watch?v=G6rhS_MjKRE
Cleaner waves in this heat.
Deletehttps://www.youtube.com/watch?v=e2VUJ1lp-I8#t=580.039666
I heard it was 60+ foot waves
DeleteThis one has some incredible wipeouts.
Deletehttps://www.youtube.com/watch?v=bVub36Ws014#t=579.36
I'm pretty sure I would wipe out too. Probably couldn't even paddle my board out there (I do still have one).
DeleteMan if I look at the action of XLU, TLT, GLD you would have thought the market was up huge on Friday. I bet we get that delayed move up in the markets soon, much to the chagrin of the bears
ReplyDeleteWe'll see, hopefully. G20 wasn't inspirational apparently, many were anticipating fiscal stimulus and it went the other way.
DeleteChina is down, layoffs in coat and steel industry?
BXMT - Maybe I should've bought this one instead of ALDW
ReplyDeleteWY - Still acting well.
Speaking of ALDW, woo-hoo... Maybe they can resume some kind of dividend soon? The guy who runs the place has a great attitude and the soil the plant sits on is superfund worthy.
DeleteJust try building a refinery this day and age....
BAC - So these guys have $6B to write down? Nice, $15.50 was the entry of a century....
ReplyDeleteI think we're entering the grind higher part of the recovery like every other v-shaped rally. Except this one probably stops below highs. I think we get back into balance for the SPX / RUT (ie 2,000 and 1150) and basically negate the entire move down and piss everyone off.
ReplyDeleteGonna need a lot of natty to completely replace coal.
ReplyDelete"WGL Announces $89 Million Investment in Stonewall Gathering System"
WOR - I never did complete my DD, but should've.
ReplyDeleteNWLI - Pretty sure this one's about to rock, however,....
AMSC - Market seems to believe this one will be able to monetize their claim to IP?
ReplyDeleteFentanyl - Apparently Pharmacists are again intervening with the decision of real physicians by diverting their Oxycontin prescriptions for treating chronic pain to Fentanyl, nice new tricks?
ReplyDeleteBought some more UGAZ at $0.80 today. The current price for front-month futures is pretty much the lowest it has been since 2000, so it is not a bad place to buy, considering that production of NG will be falling for some time now, while demand can't stay so low for a long time as the weather keeps changing...
ReplyDeleteWhat was this "expert" saying when oil was $100?
ReplyDelete“I think that the problems that the oil and gas markets in particular are going to present…for the high yield market is misunderstood…We expect defaults will go up this year. They’re already going up.” —Ares Capital Corp CEO Kipp deVeer (Business Development Company)
Some of the guys at the top of the ladder knew what was coming, "experts" are expert at misleading. For instance, Romney even told us energy prices were about to come down but he tried to make it sound like his actions if we voted for him and his dancing horses he would make it happen.
GOOGL - Autonomous car turns into belligerent robotic road hog, loses chosen battle with city bus.
ReplyDeleteENPH- I can't explain this other than a big short covering????
ReplyDeleteThree days down, one day up... Is this a pattern?
DeleteGMO is getting pretty low... They should've invested in that roaster.
ReplyDeleteTCS - Catching a second wind as container freaks are buying new containers to hold the previous containers (nesting containers). Everyone must have a container for storing their containers!
ReplyDeleteToday struck me as a classic tree shake. Get those bulls off the train for the next move up.
ReplyDeleteRUT point and figure chart target got upped to 1230 now. Go figure.
We'll see, market sentiment does seem too bearish. P&F has worked well on the downside with prices exceeding expectation in many cases so maybe the upside potential is the old downside target. Who knows, lol.
DeleteI ended up selling my TNA after hours at around $46.8 and bought some TLT. Just a gut instinct trade here nothing more.
DeleteFDML - Still only low $7, thing that got me to pass on this is the debt seems excessive. Lots of employees to lay off so lets see the FED continue their hostility toward employers of thousands carrying the debt they encouraged.
ReplyDeleteVRX - Bay Street pulling another fast one.
ReplyDeleteI dunno, I'm experiencing difficulty feeling sorry for these "poor" slobs living on the beach?
ReplyDelete"In the coldest part of the last ice age, about twenty thousand years ago, so much water was tied up in ice sheets that sea levels were almost four hundred feet lower than they are today."
http://www.newyorker.com/magazine/2015/12/21/the-siege-of-miami
Cave men must have had some bad surfing conditions.
DeleteAustralian Real Estate - “deposit guarantee,” which has become very popular. Instead of a deposit, the prospective purchaser takes out an insurance policy such that the deposit will be paid if the purchaser defaults.
ReplyDeleteAGO maybe?
Seems Mastercard should be part of the retail sales discussion but note it's not mentioned at TT, why is this?
DeleteMasterCard’s SpendPulse report tracks retail trade in a number of countries worldwide. The latest report for Australia shows that household retail spending is slowing, and at an increasing rate in recent months. Where MasterCard tracks spending in other countries, a slowdown in spending on household goods is highly correlated with a housing downturn.
CVI - 8% dividend there too, gooolllyyy.
ReplyDeleteTSN - Like that chart? Why is it we continually get roped into losers?
ReplyDeleteWYNN - This thing's been kicking butt man!
ReplyDeleteIs the US legally bound to honor Osama Bin-Laden's will?
ReplyDeleteSeems the PC answer would be yes.
DeleteGot out of tlt and back in tna
ReplyDeleteVSLR- Easy trading there.
ReplyDeleteThe way these solars keep getting whacked, there must be something either quite positive or negative going on, not sure how to figure that out.
DeleteGlaciers will continue melting, regardless.
RUN - My broker has a $15 target on this one.
DeleteVRX - Ackman should begin DD before risking capital.
ReplyDeleteThere will be a good trade in this one at some point. Trying to think it through.
DeleteI'd trust a bamboo ladder over Bay Street sharks.
DeleteWY - Nice W formed, no?
ReplyDeleteGot WOOD?
ReplyDeleteI was off for a few days and let the indexes slip! Sorry. Let’s return to the work at hand. DJIA +189 to 16705. SPX +1.28%. EEM (emerging markets) +2.37% and back above 31. RSX +2.62% and closing in on 15 (a +25% gain from basis). EWZ (Brazil) +2.34%. VT (total world stock market) +1.64%.
ReplyDeleteNice job coordinating your schedule with the market or vice-versa, whichever is applicable.
DeleteUSG - Must be time for summer rental rotation?
ReplyDeleteCP, would love to get MC or Visa if they ever get cheap enough, but always expensive stocks. Great businesses, but hard for me to buy.
ReplyDeleteTheir reports cast a long shadow I expect, should be implemented in a robust DD.
DeleteOCN - Is this truth leaking out?
ReplyDeleteMIFI - Can you imagine this one taking off? MIFI is the owner of mobile hotspot trade name. I guess this service should be quite attractive?
ReplyDeletePSEC - PnF indicates $10.17 target, wondering if this excludes dividends?
ReplyDeleteI noticed they bumped the target on the Russell 2000 to 1,260
DeleteA move to 1,260 would push TNA up to around $78. One helluva trade if you can hold out for it.
DeleteIt is also targeting $150 for TLT so I guess "they'll" be wrong about something or right about nothing depending on which way the next update flips.
DeleteKMI - I wasn't aware Berkshire had bought some of this, or forgot.
ReplyDeleteMike, looks like you were right about the importance of debt for BCEI -- they look like they are heading into bankruptcy. Such a pity to see it down so much on a day when all my other oil positions are up.
ReplyDeleteWell, at least this time I did not repeat the mistake I made with AUMN and diversified my oil-related investments. Maybe the gains on other oil stocks will compensate the money lost on BCEI...
I'd heard the Colorado fields are pretty good ones, then again I've heard Canadian gas where BXE is are the lowest cost in NA. Probably all misleading Bay Street disinformation as usual.
DeleteIf UNG rises above 6.30 soon without making a new low, that would make a higher high and a higher low (using intraday data), so be ready to jump in!
ReplyDeleteI'll have a heart attack if BXE gets to break even for me, might poop my pants on the way.
DeleteRight up to the cliff push comes to shove. Assuming market doesn't roll over here on profit taking, we should be crossing Whetstone bridge.
ReplyDeleteNWLI - Got some big volume there, is this an indication of distribution into strength?
ReplyDeleteInterest rates appear to have bottomed for now (and maybe finally for good). All the financials I follow were up today and some quite a lot.
DeleteNot sure which world you're living in considering not many of your predictions have come true.
DeleteYou don't have to get them all right - no one does. But I get enough right to beat the market 14 of 15 years.
DeleteGood luck then, let's just say I'm not a huge believe in "ignorance is bliss".
DeleteJone - EPS next Y -3700.00%
ReplyDeleteI sold TNA into the close today and bought SH.
ReplyDeleteLarry David for POTUS?
ReplyDelete9.9 million barrels of crude being added into inventory for the week?
ReplyDeleteNWPX - Only 3,000 shares in AH but down on 1,000. Phunny business?
PEMEX is going under it appears, what's the likely effect, bankrupt Mexican Government?
ReplyDeleteFlipped back into tna pre market. I was hoping for a pullback to 1968 and 1050 and almost there. I think the odds favor this run going right back to balance (2050 and 1150) or even as high as new highs especially with Econ reports being good. Only issue is the s&p is quite expensive
ReplyDeletePOT seems to be moving up...
DeleteNWPX - Ouchie...
ReplyDeleteNWLI - More volume...
ReplyDeleteAKS - Was expecting this yesterday on the news of Chinese steel industry layoffs, delayed reaction...
ReplyDeleteThe US corporate default rate moved up from 2.8% in January to 3.3% in February, the highest rate since December 2010.
ReplyDeleteTrend is up and might cascade, prepare for the hail storm?
"I'll do anything to keep Trump from being our nominee."
ReplyDeleteSo should we prepare for a flurry of lies and deceit?
LDOS maybe? Oh man, we can't attempt hacking into the Pentagon without passing background checks first. This is a great opportunity, where do we sign up and who is the contractor busily scrambling to process the flood of applications?
ReplyDeleteNotice how oil keeps bouncing back after bad news?
ReplyDeleteYep. Was just thinking that.
DeleteThis is a big change for the market. I'd argue the leg down the beginning of this year had a lot to do with oil plunging and scaring the shit out of people. If this reverses and we see oil at $45 I think the market will be back to new highs or close to them.
DeleteI still think the small caps have the most upside in the near term.
The problem with the market in general, though, is it's pretty expensive. Small caps are a little cheaper at 15.5x forward earnings but that assumes estimates are right and they appear to be a bit high. Small cap earnings have held in better than large cap as domestic revenue companies are doing better. Plus the dollar headwind probably doesn't hurt them as much.
DeleteSo realistically, I think it's gonna be hard for the market to make new highs. I think we can see a nice 10% or so more in small caps. I'll be looking to trade ranges this year. I don't have the guts to take single stock positions yet but I'd suspect that's where the meat of this year's moves will come from...buying stocks like UAL at 5x EPS when it was at $45.
DeleteI'm surprised environmentalists haven't shut the airlines down, perhaps they still need transportation to their global meetings?
DeleteCP, a lot depends on your timeframe.
ReplyDeleteLike Warren Buffet said a couple days ago:
http://www.bloomberg.com/news/articles/2016-02-29/buffett-cuts-bonds-after-saying-they-need-a-warning-label-chart
I feel very confident interest rates go up, just not sure when and I was way early in thinking this, but it really hasn't hurt much yet,except from short term perspectives like the last couple months and I don't find it very useful to pay attention to these short term trends.
Aubrey McClendon committed suicide via car crash. Can't say I'm surprised.
ReplyDeleteMore than likely he's cremated so nobody can piss on his grave.
Delete30 minutes to go, probably should be short b/c every rally has been a trap.
ReplyDeleteI noticed the P&F target for the Russell has now been updated to 1,290. One more positive day and I bet we see 1,300.
ReplyDeleteToo funny
VSLR- Walk in the park there.
ReplyDeleteA 23% drubbing doesn't fit my idea of a walk in Cherry Hill Park..... ?
DeleteAfter dark...
DeleteBought some more UGAZ at 0.72 and placed a sell limit order at 0.9. It must move up at some point, right? Unless contango eats it up before then...
ReplyDeleteWhy is it so that whenever I buy something, it crashes to a multi-year low?
DeleteThe front month contract, NG1, made a 16 year low today. And this is despite predicted production drop from now on...
Delete"Why is it so that whenever I buy something, it crashes to a multi-year low?"
DeleteAnything to learn from that?
Seems if futures prices are trending down the long ETF makes money rolling contracts forward, no?
DeleteThus, is there a 12 month contract ETF, is it actually going up at this point?
DeleteUSPS is lowering the price of stamps.
ReplyDeleteHere we have another major tailwind for the global consumer splurge! If this keeps up we're gonna be so rich we'll be spending like drunken sailors on all kinds mandated items such as ornamentation for our paid-for roofs for example!
My stocks had another great day with very few losers and many up over2%.
ReplyDeleteI think, and it appears, that the markett is moving into this direction as we come out of the correction.
I'm still underperforming ytd but making it back quickly
Good job!
DeleteI'm just about flat on the year.
What do you think the odds are we rally right back up to the beginning of year levels?
That's funny BB. I had a 2% days as well today, and TOF, I'm flat on the year as well. maybe up 3-4%. After my sales earlier now about 30% cash.
DeleteHad I held LABD (sold it first day of the year) I would have had one helluva start to the year. Wah wah.
DeleteSame here with TWTR.
DeleteHow about fcx at $4?
DeleteNever good do that one after the crap Jim Bob pulled with PXP/MMR...although from what I hear he's close to death. (seriously)
DeleteWho's Jim Bob?
DeleteWhat do you guys think the odds of this happening to the Russell are:
ReplyDeletehttp://charts.stocktwits.com/production/original_50579803.?1456980540
Mike, I'm feeling pretty good about the markets. People seemed to get very negative as we went down, so should be able to move up quickly as we work off that negativity and people are forced to chase. I do think the full year will be positive as people move away from looking for the next crisis to thinking about how some good things could be happening.
ReplyDeleteAMSC - Taking another leg up. You guys know this is a wind play, right? Looks like their position of IP ownership is being realized?
ReplyDeleteHLF - Ackman is winning this morning. With VRX too, maybe?
ReplyDeleteJAZZ - Seems to be recovering, ready for a run back up?
Natty, yet again?
ReplyDeleteTrump - Not your typical politician, hun?
WOW, my account almost appears to be attempting a return from the dead.... Got quite a ways to go on some of it though, BXE remains the real thorn.
ReplyDeleteMitt Romney and his dancing horses simply doesn't know where the exit door is.... Will Trump throw him out the door? :)
NWLI - Still volume, maybe going up?
ReplyDeleteSWN/REXX - Rocketman.
Sheetz Fuel Stations: How can I get a Sheetz franchise?
ReplyDelete"You could marry into the Sheetz family."