TQQQ getting my attention if it falls below $50.
The S&P 500 closes below its 50 day simple moving average for the first time since November 2023. 🚨$SPY Volume PoC from the October low currently sits around $474. pic.twitter.com/vvwtl6uZ2x
— TrendSpider (@TrendSpider) April 15, 2024
Brewmaster said:
Thanks for the tip, we will definitely try it!
and gougler, you were right, terminal D is a dumpster fire. We are way early though.
Bourbon duty free, yes please!
DXY resistance is $108-$111 area. I've been charting it for a long time and had that area penciled in since the bounce off the recent low started. My base expectation is to see that followed by a selloff to $91-$96 range.Farmer @ Johnsongrass, TX said:
Anybody here think that continued strong dollar versus strong crude oil is weird? Both moving the same direction is not the norm.
Farmer @ Johnsongrass, TX said:
Anybody here think that continued strong dollar versus strong crude oil is weird? Both moving the same direction is not the norm.
When all other sources of energy rely on government debt fueled spending and subsidies to get off the ground, much less sustain.. and when the components that go into building out the infrastructure to bring forth the kind of capacity needed not only to create, but to sustain operations for those sources of energy - become too expensive, you will see the unproductive sources shifted away from and back into the abundant and historically viable sources like oil, gas, and coal. The world got drunk on cheap devalued fiat. Those days are gone. We will still be fighting wars over black gold after most of us are dead. Now what I can't predict is when the world fresh water shortage crisis hits.ravingfans said:
Great thought experiment, H-A. Seems like oil itself is becoming more of a hard currency--however the manipulators are attempting to legislate or regulate it into irrelevancy, yes? Once they have marginalized the ability of oil to be more relevant than the fiat dollar, it is game over and total control ensues (which is inevitable in my own distopianistic perspective).
TLDR: we are doomed...
ravingfans said:
Thanks H-A!
BTW, waaay off topic, but is this a decent time to buy a couple of cars? Coincidentally both of ours (Nissan Altima and F150) are quickly inching up on 97k miles and evaluating whether we should sell before they take a significant drop in value > 100k miles or wait a bit longer...
oldarmy1 said:
Already back to $147. If you don't have premarket access you're missing big gains.
FIFYoldarmy1 said:
Already back to $147. If you don't have premarket access and a large bankroll you're missing big gains.
Looks like a daily oversold bounce. Weekly is.. weak, with large volume shelf pretty far down and having just crossed the middle Keltner band with room to go down on RSI and MACD not showing oversold yet.flashplayer said:
So the play on JNJ is long term hold as a steady riser? Their history the last 8-10 years isn't all that exciting.
Spoony Love said:
going in some 0dte SPY506 for a quick look. be quick
I don't want to derail our trading thread, but what is the reason that you are relying on meters instead of drilling?Farmer @ Johnsongrass, TX said:
H-A, thank you for that reply. I've got some homework to do now. I'm trying to get back in the old swing of things. We continue to have some medical issues but hopefully come May/June some normalcy returns. That's right around the corner! Fresh water crisis,...that one is coming. I put a request in for 4 water meters in July 2020 to a small rural water company and they were granted in August 2023. Theres a lot of backstory to that one and it's been a journey. It could happen anywhere. It you own a property with a water meter(s) dont give them up. Dont buy a property with the promise of a water meter to be installed - installation should be completed before closing the deal. Last, the crazy part,...and just because there is a meter doesn't mean there will be water. Never thought I would write those last 6 sentences in my lifetime. Thanks again!
Tumble Weed said:I don't want to derail our trading thread, but what is the reason that you are relying on meters instead of drilling?Farmer @ Johnsongrass, TX said:
H-A, thank you for that reply. I've got some homework to do now. I'm trying to get back in the old swing of things. We continue to have some medical issues but hopefully come May/June some normalcy returns. That's right around the corner! Fresh water crisis,...that one is coming. I put a request in for 4 water meters in July 2020 to a small rural water company and they were granted in August 2023. Theres a lot of backstory to that one and it's been a journey. It could happen anywhere. It you own a property with a water meter(s) dont give them up. Dont buy a property with the promise of a water meter to be installed - installation should be completed before closing the deal. Last, the crazy part,...and just because there is a meter doesn't mean there will be water. Never thought I would write those last 6 sentences in my lifetime. Thanks again!
FishrCoAg said:Tumble Weed said:I don't want to derail our trading thread, but what is the reason that you are relying on meters instead of drilling?Farmer @ Johnsongrass, TX said:
H-A, thank you for that reply. I've got some homework to do now. I'm trying to get back in the old swing of things. We continue to have some medical issues but hopefully come May/June some normalcy returns. That's right around the corner! Fresh water crisis,...that one is coming. I put a request in for 4 water meters in July 2020 to a small rural water company and they were granted in August 2023. Theres a lot of backstory to that one and it's been a journey. It could happen anywhere. It you own a property with a water meter(s) dont give them up. Dont buy a property with the promise of a water meter to be installed - installation should be completed before closing the deal. Last, the crazy part,...and just because there is a meter doesn't mean there will be water. Never thought I would write those last 6 sentences in my lifetime. Thanks again!
Not speaking for Farmer, but in my area the groundwater is poor quality to non existent in a lot of places.