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21,980,374 Views | 224071 Replies | Last: 5 hrs ago by ProgN
XpressAg09
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hedge said:

so why is the market going back up ?
Curve done got flattened.
azul_rain
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we arent close to being out of the woods with the virus yet
oldarmy1
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Mtn_Guide said:

WFC droppin' hard after reporting
That impacted BAC as well for now.
XpressAg09
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hedge said:

we arent close to being out of the woods with the virus yet
Flattening the curve and no longer dealing with the virus are two separate topics.

In my totally unqualified opinion, more and more countries will start to test out relaxing their policies [Edit: in the next few weeks], USA included. In America, we signed up to flatten the curve, not wait for a vaccine. Folks are itching to leave their houses.
Definitely Not A Cop
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I got to think it drops again after 1st quarter reports start coming out right?
ThreeFive
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Because of Model T. You should ask what it is again.
azul_rain
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i thought the model T was supposed to reverse once it hit a certain level, thats why im still confused about it
ProgN
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Champ Bailey said:

I got to think it drops again after 1st quarter reports start coming out right?
If you have time to read the previous 15-20 pages you'll get a good idea of where everyone here stands on the market.
khaos288
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hedge said:

we arent close to being out of the woods with the virus yet


Markets will go up in the short term until we "open back up" and have a resurgence of cases. If/when that happens.

The lockdown is working. Hospitals aren't over run. We aren't running out of ventilators. Etc etc. That good news is better than the bad news of "well people aren't buying things this month!"

It'll shake out soon with unemployment trickling through the economy the next quarter or two.
XpressAg09
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Champ Bailey said:

I got to think it drops again after 1st quarter reports start coming out right?
I'm in the camp of: everyone knew revenue would be down, the markets dropped accordingly. Now that we're seeing that revenues are down, it's not a huge surprise. But what do I know?
FrontPorchAg
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tam2002 said:

Been waiting on the drop to add to my position
I might take a position under $30. I'm not counting on that dividend to stay where it is though.
All animals are equal, but some animals are more equal than others
Isaih Smollett
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Quote:

I got to think it drops again after 1st quarter reports start coming out right?

already built-in
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iluvpoker
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Champ Bailey said:

I got to think it drops again after 1st quarter reports start coming out right?


The big money is not concerned with 1QR.
Definitely Not A Cop
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XpressAg09 said:

Champ Bailey said:

I got to think it drops again after 1st quarter reports start coming out right?
I'm in the camp of: everyone knew revenue would be down, the markets dropped accordingly. Now that we're seeing that revenues are down, it's not a huge surprise. But what do I know?


That's more reassuring than what I was thinking. I'm up 7% on the year overall, so I'm just a little wary about it.
azul_rain
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so i missed the bottom, go figure
FriskyGardenGnome
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hedge said:

i thought the model T was supposed to reverse once it hit a certain level, thats why im still confused about it
It's not "supposed" to do anything once hit. The model T is nothing but a target price. It denotes a 50% retrace after a large swing representing a point to take profits, tighten stops, and/or reverse the trade. Which of those you do is up to you.
Aggietaco
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oldarmy1 said:

DIS still battling resistance but with SPY continuation it's inevitable.
Heading back down to yesterday's close, apparently.
jj9000
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iluvpoker said:

Champ Bailey said:

I got to think it drops again after 1st quarter reports start coming out right?


The big money is not concerned with 1QR.
The big money is on the sidelines right now.
Gordon McKernan
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CSTXAg92 said:

oldarmy1 said:

Anyone who joined accumulating TTOO under $0.50 it looks like its about to pop.
Just joined you there with a long position @ $0.52 / share OA1. What's the exit target?
I don't have much in this one but keeping an eye on it...
oldarmy1
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We have a potential failure of breakout. Nasty intraday H&S on markets
XpressAg09
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hedge said:

so i missed the bottom, go figure
Market is still down ~15-20% from the highs two months ago. If you're looking to go long-term, you can still make up some ground. I can't day trade for shiit, so I'm just dollar cost averaging my way back up the roller coaster.

My 401k and investment accounts went from Bear in January and February, to cash in mid-March, to 75% back in equities.

If you buy now, technically you're at your own personal bottom!
oldarmy1
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CSTXAg92 said:

oldarmy1 said:

Anyone who joined accumulating TTOO under $0.50 it looks like its about to pop.
Just joined you there with a long position @ $0.52 / share OA1. What's the exit target?
$0.75 sell 50% to all of it depending on capitalization.
azul_rain
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true
ProgN
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Quote:


*Tilray shares are trading higher amid strength in cannabis following a Tuesday evening notice from Ontario's Alcohol And Gaming Commission related to 'temporary delivery and curb-side pick-up by authorized cannabis retail stores.'
Now that's service.
oldarmy1
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I was eyeing NFLX $400 Puts when it was over +13 and didn't pull the trigger. Yeah, that sucks!
Brewmaster
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hedge said:

so i missed the bottom, go figure
too busy trolling I guess
Brewmaster
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Prognightmare said:

Quote:


*Tilray shares are trading higher amid strength in cannabis following a Tuesday evening notice from Ontario's Alcohol And Gaming Commission related to 'temporary delivery and curb-side pick-up by authorized cannabis retail stores.'
Now that's some dope service.
FIFY
oldarmy1
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BREwmaster said:

hedge said:

so i missed the bottom, go figure
too busy trolling I guess
It's not over. These markets are going to remain crazy.
azul_rain
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in all seriousness i wasnt trolling with the Model T, i still dont completely understand it. I shouldve pulled the trigger when i had a gut feeling, but i assumed a bull trap
Brewmaster
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SPY for those that like fib levels... 289.44 purple line, 273.65 is the level back, 263.88 if that doesn't hold.

maybe the link to the chart will work too if some want to see it live:
https://www.tradingview.com/chart/OHN3FPnS/
FrontPorchAg
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oldarmy1 said:

Mtn_Guide said:

WFC droppin' hard after reporting
That impacted BAC as well for now.
WFC was the first glimpse into the entire sector. We will learn the most from JPM this afternoon
All animals are equal, but some animals are more equal than others
Carlo4
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Looks like intraday rally is back on.
oldarmy1
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Appreciate all who post using the various studies. I tend to use no studies on posted charts because I paint them up with stuff.

Here's what I am looking at macro level. Model T easy enough to draw. Its a sideways T, for those who haven't figured that out. Right now we have resistance around the $281 level on SPY. The move above that and then retreat right now is hard to read. Bull minded people read that as a technical breakout with a shake drop back below. If so we will rocket upward and take out days highs for a rally. Bears see it as a technical failure of punching through resistance and will buy Put's or short.

You can see the bottom of the bear flag area and the top of the bull flag become the next natural targets, depending on who wins the battle.

ProgN
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JPM Reported this morning
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