Wall Street is on vacation this week, machines are doing the trading.
I have made this a central part of my strategy over the years.bhanacik said:
With the recent negative decision on the ear plug lawsuit; I'm looking at getting into MMM (3M) in my 401k for a long-term hold for a discount price.
Any thoughts on buying MMM at the current discount? I know they are appealing the decision but it may be several years until it's resolved. But the dividend yield with a long-term hold is appealing to me.
Incorrect. 4040.Golf1 said:
4050 has to hold for the day for me to feel like there's any chance to fill fridays gap
$30,000 Millionaire said:
Draw a line on your chart and you'll see why i say that. 4050 is an arbitrary number you came up with.
4040 has many tests and rejections e.g. resistance above you, support below you. Draw it!
Nasdunk 8,000?Philip J Fry said:$30,000 Millionaire said:
Draw a line on your chart and you'll see why i say that. 4050 is an arbitrary number you came up with.
4040 has many tests and rejections e.g. resistance above you, support below you. Draw it!
I'm on the sidelines until it hits 3450.
FED'S KASHKARI: I AM DELIGHTED BY THE MARKET'S REACTION TO THE JACKSON HOLE.
— Breaking Market News ⚡️ (@financialjuice) August 29, 2022
FED'S KASHKARI: I KNOW HOW SERIOUS WE ARE ABOUT LOWERING INFLATION. AND I BELIEVE THE MARKETS WERE MISINTERPRETING THAT AT THE LAST FOMC MEETING.
— Breaking Market News ⚡️ (@financialjuice) August 29, 2022
I have no idea. Premiums and ripping / crashing aren't related. This was a bearish close.Spoony Love said:
So annoying.
If we wake up tomorrow and premiums aren't juiced, you think we rip?
maybe with close below today's open on both. They were literally up 3%. What more do you want?Dan Scott said:
Don't like how XOM and OXY ended the day. Short-term top is in likely.
Cheers!BREwmaster said:
I think we see sub 4000 tomorrow. Hourly now looks like an H since Friday.
Might take a breather, but I doubt it.Dan Scott said:
Don't like how XOM and OXY ended the day. Short-term top is in likely.