Wall Street is on vacation this week, machines are doing the trading.
Stock Markets
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Last: 6 min ago by DriftwoodAg
I needed to do better for you guys.
Stopped B/E on COIN. Oh well.
Stopped B/E on COIN. Oh well.
You don’t trade for money, you trade for freedom.
Recommend you sell 3
You don’t trade for money, you trade for freedom.
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.
It's how I bought AAPL at $100 in 2008, BP at $30 (sold at $50), VLKAY (Volkswagen, no longer trading, but made 80%). Scandals are awesome.
Buy buy buy.
You don’t trade for money, you trade for freedom.
Unless my eyes are deceiving, we got close to gap fill but didn't get there on SPX
You don’t trade for money, you trade for freedom.
I think I'm probably done for the day. Pretty good one.
You don’t trade for money, you trade for freedom.
If i were going to trade the afternoon, i wouldn't go long unless we clear and sustain over 4065. You need a little bit above the gap fill.
On the down side, loss of 4040. You have to assume that 4040 (and 4020) recaptured at this point.
On the down side, loss of 4040. You have to assume that 4040 (and 4020) recaptured at this point.
You don’t trade for money, you trade for freedom.
4050 has to hold for the day for me to feel like there's any chance to fill fridays gap
Incorrect. 4040.Golf1 said:
4050 has to hold for the day for me to feel like there's any chance to fill fridays gap
You don’t trade for money, you trade for freedom.
Yeah 4050 might have been on the safe side for me…
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!
4040 has many tests and rejections e.g. resistance above you, support below you. Draw it!
You don’t trade for money, you trade for freedom.
this is what i see intraday
Gap filled. Let's see what happens now
You don’t trade for money, you trade for freedom.
Why do you say 4040 is recaptured?
My guess is the amount of time we've traded above it?
I'm learning today.
My guess is the amount of time we've traded above it?
I'm learning today.
Not for long it seems.
Price based above it for over two hours. You had opportunity to trade long up to the gap fill, at which point, it's wise to exit all or most. I'd consider 4033 or lower for ten minutes to be loss of level, at which point I'd short targeting 4020
You don’t trade for money, you trade for freedom.
$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.
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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
My SQQQ swing enjoying these remarks.
With this statement the last hour could be fun
H&S be damned!
Look at that channel obedience
Look at that channel obedience
Still a chance for a green finish here.
APRN moving. 50% short, about 70% of float held by insiders, and expectations for share buyback announcement this week.
System still showing sell. 30 min SPX has really based around 10MA so far today.
A couple of near touches of the 50MA.
Was traveling for the new job today, so no actions taken here.
A couple of near touches of the 50MA.
Was traveling for the new job today, so no actions taken here.
Bullish abandoned baby on the daily. Planning to close some 408 weekly calls in the morning.
Lol. MM gonna get that premium.
You don’t trade for money, you trade for freedom.
So annoying.
If we wake up tomorrow and premiums aren't juiced, you think we rip?
If we wake up tomorrow and premiums aren't juiced, you think we rip?
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?
You don’t trade for money, you trade for freedom.
Don't like how XOM and OXY ended the day. Short-term top is in likely.
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.
You don’t trade for money, you trade for freedom.
exiting COIN will end up being the correct move.
You don’t trade for money, you trade for freedom.
I think we see sub 4000 tomorrow. Hourly now looks like an H since Friday.
Cheers!BREwmaster said:
I think we see sub 4000 tomorrow. Hourly now looks like an H since Friday.
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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.
-The SPR inventory as of 08/19/2022 was last at this current inventory level in 01/18/1985, 37 years ago
-Crude is not in a build
-Crude has been a draw for months after you subtract the SPR release
-XOM share price consistently runs to Earnings Date, to Ex-Div and to Payout Date
-Next share price objective is $102
-The gap to $100 was filled
-Not a top
-Just getting warmed up
-Technicals don't show any weakness
-P/E (it's so low it's a crime)
-$20 billion FCF
-$30 billion stock buyback
-Only thing holding back XOM is its ESG score if that means anything. ESG is on par with Kate Upton laughing at a push-up bra.
EIA data Wednesday 10:30amEST/9:30amCST, stay tuned.
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