At 45 I'll have time to recover. My parents on the other hand are getting shellacked, I feel bad for them. FJB
quad witching day Friday the 17th of JuneBaylorSpineGuy said:
OpEx this week. VIXperation Wednesday. Could get fun.
BrokeAssAggie said:
I am watching fruit. $132.50 a big level.
Agree wholeheartedlyplanoaggie123 said:
Seems like tomorrow could go either way after such a strong drop could be due a bounce or could just stay down. I am energy heavy and have been since 2021 but realize too there may be a time to cut and take profits (ET and XOM).
3760s -ish is the lower trend line for the year. Likely bounce around there. There's also another long term trend line down <3700, 3670 -ish$30,000 Millionaire said:
Because I don't want anyone doing anything stupid.
I am willing to go higher risk long another -1.5 to -2% from here in SPX. 3750 area.
Tactically, I want to see basing over 3820 area on ES to tactically trade long.
Loss of lows = short
BaylorSpineGuy said:
I listened to some interesting commentary today. Here's a contrarian view: "there is no Fed put".
They want this sort of destruction/financial tightening. They want 2% inflation and it may take a while to get there.
I will not be surprised if we get a 75 bps or 100 bps rate hike on Wednesday. Cramer, for all of his stupidity, was calling for a 100 bps rate hike on Friday.
At this point, Fed has lost much credibility and risks irreparable damage to their future (already in doubt, IMO) credibility. Who gives a $ hit about equity prices when people are starving to death and food costs too much to ship?
Yep. Last Friday alert notice that GS and WFC were at book value.$30,000 Millionaire said:
I posted I wanted to buy Goldman - going to try some. Manage your risk
Not sure about you guys, but my personal bear market is already about a year old.SF2004 said:
The fact that the heads are just now saying that we are in bear market territory is the dumbest thing I have heard in a long time.
It was obvious earlier in the year and super obvious when the 50 crossed the 200.
The damage they do with constantly trying to push off the truth and reality.
I'm locked and loaded. Just say when!59 South said:
Also, this is finally looking like capitulation setting in.
Need a VIX + Put/Call ratio spike panic. Peak fear, max bearishness. Sentiment is getting damn close from the fintwitterverse. Comical if you ask me, and actually very welcomed for disciplined long term investors with many years (hopefully) left in the market. Folks are starting to get a bit irrational and pointing fingers at everyone but themselves for being 'so fkng stupid'
ETA - above is for equities, the cryptoheads seem to still be delusional bullish haha. BTC does have a very nice really long term trend line at 20k. If you're into that stuff, flash under 20k is the buy.
Yeah I've been losing money non-stop since November59 South said:Not sure about you guys, but my personal bear market is already about a year old.SF2004 said:
The fact that the heads are just now saying that we are in bear market territory is the dumbest thing I have heard in a long time.
It was obvious earlier in the year and super obvious when the 50 crossed the 200.
The damage they do with constantly trying to push off the truth and reality.
59 South said:
Not sure about you guys, but my personal bear market is already about a year old.
True, the really bold (aka gamblers) peaked in Feb 2021. Us pseudo bold aggressive ones peaked around July 2021. Been a fun ride!Charismatic Megafauna said:59 South said:
Not sure about you guys, but my personal bear market is already about a year old.
Otherwise known as "the wwr chart"
a few weeks back i was shopping and i'm always gauging inflation on cost of brisket and saw they had some that had a sell by date for the next day of $3.29. i almost bought 3 just to freeze.Charismatic Megafauna said:
$2/lb brisket?
DONE59 South said:QQQ has a gap at 276.82 that is almost certain to get filled today or this week.
SPY has one from the same day at 338.25.
QQQ usually bottoms a few months before SPY so very real chance QQQ sets a bottom this week and SPY closes that gap over the coming weeks/months. There's your 'all in' signal in my opinion for long term stuff.
Yeah saw that report come out last week and Citi is way below book value. Citi may be one to keep on your watch list.Farmer @ Johnsongrass, TX said:Yep. Last Friday alert notice that GS and WFC were at book value.$30,000 Millionaire said:
I posted I wanted to buy Goldman - going to try some. Manage your risk
Good news. VTI is @ 188.19.AgOutsideAustin said:
Well now I'm interested again…… standing by for a big ol bite of VTI at 3800 …… or less