Dow?

NEW -> Contingent Buyer Assistance Program
morekaos said:
Beware the ides of August?  I wrote about this phenomena four years ago when I noticed that each August the markets lose their collective minds but then come back to reality just a month or two later.  This August seems  to be no different.  For all the hoopla and doom and gloom The Dow Jones is only down 6% year to date, about where it was a year ago,  the S and P 500 is down 2.4% year to date while the Over The counter Market (OTC) is actually still UP 1% this year.  Not to be totally devoid of feelings but, SO WHAT?  As I have repeatedly said, until the fed moves on rates we will trade in a sideways basing pattern. Frustrating for investors but a total dream for traders.  Look at that chart and notice the August pattern, pretty amazing, isn?t it?  This is just another opportunity to take advantage of the weak.  Put on the blinders
Click to expand...

Told ya.  Flat market for the year.  Traders dream, investors nightmare
 

Attachments

  • dowflat.png
    dowflat.png
    46.5 KB · Views: 204
ps9 said:
Back in with PBR at $4.44,  unlucky triple death!
Click to expand...

I'm loading up on pbr/nbr/fcx. Not sure how much lower they will go but I'm willing to find out. At this point there is more longer term upside than downside.
 
All Aboard!!! The train is leaving the station!!.  Now that the rate hike is done we are set up to break out of a long term basing pattern.  Barring an unforeseen terrorist strike the next major sustained move will be UP
 
Irvinecommuter said:
USCTrojanCPA said:
Looks like oil is heading towards the $20s soon...I might buy some oil stocks once it gets there.
Click to expand...

Things are going to be bad for all those oil boom states and industries...Alaska is already in trouble.
http://www.thefiscaltimes.com/2015/12/09/5-States-Getting-Crushed-Low-Oil-Prices

Apparently ND is buffered by some diversification but I would presume it's going to be bad when the tax base/population goes back to other states.
Click to expand...

This is going to help a lot...

http://money.cnn.com/2015/12/16/investing/oil-prices-export-ban-congress-deal/index.html

America poised to export oil for first time in 40 years

Lawmakers are close to authorizing oil exports as part of a broader $1.1 trillion spending and tax bill working its way through Congress. Sources told CNN the compromise measure, which is needed to avert a government shutdown, includes a provision that would roll back the export restriction.
 
morekaos said:
Irvinecommuter said:
USCTrojanCPA said:
Looks like oil is heading towards the $20s soon...I might buy some oil stocks once it gets there.
Click to expand...

Things are going to be bad for all those oil boom states and industries...Alaska is already in trouble.
http://www.thefiscaltimes.com/2015/12/09/5-States-Getting-Crushed-Low-Oil-Prices

Apparently ND is buffered by some diversification but I would presume it's going to be bad when the tax base/population goes back to other states.
Click to expand...

This is going to help a lot...

http://money.cnn.com/2015/12/16/investing/oil-prices-export-ban-congress-deal/index.html

America poised to export oil for first time in 40 years

Lawmakers are close to authorizing oil exports as part of a broader $1.1 trillion spending and tax bill working its way through Congress. Sources told CNN the compromise measure, which is needed to avert a government shutdown, includes a provision that would roll back the export restriction.
Click to expand...

We shall see...OPEC is not exactly limiting supply and the global economy, esp. BRIC nations, are doing poorly. 
 
Sell and run tomorrow (but keep my FANGs)?  What's everyone's strategy for year end?  A whole year of active trading netted me about $1000.  That's a lot of hours for a measly $1000.
 
ps9 said:
Sell and run tomorrow (but keep my FANGs)?  What's everyone's strategy for year end?  A whole year of active trading netted me about $1000.  That's a lot of hours for a measly $1000.
Click to expand...

At least you still beat the Dow and S&P (or roughly at par wtih S&P?).  A lot of so-called expert can't even claim that  >:D
 
ps9 said:
Sell and run tomorrow (but keep my FANGs)?  What's everyone's strategy for year end?  A whole year of active trading netted me about $1000.  That's a lot of hours for a measly $1000.
Click to expand...

Been selling VIX calls the past few weeks.  I'll start mixing it up in 2016 with selling both VIX calls and puts.
 
It's been a good year for me by being aggressive with the chinese adrs the past few years. If it wasn't for NQ and GTAT it would have been a record year. Regardless, it's been a good one. Not expecting such gains for next year.
 
I cannot resist the comment here.  Does anyone remember what the market did on the first day of trading?LAST YEAR?  Anyone? Anyone?...Bueller?  Well, after reading the headlines yesterday and listening to all the talking head analysts last night the consensus was?

Dow closes down triple digits, posts worst opening day in 8 years


http://www.cnbc.com/2016/01/04/us-markets.html

Wow!! That looks bad. Dropped 275 point on the first day? Worst first day since 2008? You sure? Cause I seem to recall this?

Dow plunges 331 points as oil falls below $50

by Heather Long  January 5, 2015: 4:08 PM ET

http://money.cnn.com/2015/01/05/investing/stocks-market-fall-oil/index.html


Look at the DATE!! That was exactly a year ago. Opening day 2015!! If you forgot don?t worry, everyone else seems to have also!!  My point is, this too shall pass into oblivion.
 

Attachments

  • bueller.jpg
    bueller.jpg
    75.6 KB · Views: 222
ps9 said:
Dammit Gina, AMZN operation costs getting to high, say goodby to easy returns
Click to expand...

AMZN stock today is crazy.. it went up almost 9% today only to fall 13% in the afterhours after earnings.  some speculator/insider must have heard the wrong rumor  .. hehehehehe
 
It's seems like a huge overreaction for it to drop 47%. At 37 it seems like a good price. The restatements won't matter, that is all historical.

I thought about buying 1000 shares today and see what happens but I don't know this industry at all so decided to hold off. I'll  stick with my oil stocks. Dumped all my oil holdings when wti crossed 37.50. Now I'll just wait for oil to hit 30 again and reload. It seems like it will just continue to trade between 30 and 37-38
 
You must log in or register to reply here.
Back
Top