Yeah, I hope everyone has a great weekend. I am off to Oklahoma early tomorrow to scout a deer lease with an Aggie classmate.Spoony Love said:
Have a good weekend gents. Off to Friday Night Lights and fence building over the long weekend.
Yeah, I hope everyone has a great weekend. I am off to Oklahoma early tomorrow to scout a deer lease with an Aggie classmate.Spoony Love said:
Have a good weekend gents. Off to Friday Night Lights and fence building over the long weekend.
Eh. Every President takes classified documents out of the White House when they leave.$30,000 Millionaire said:
few things:
- Happy Birthday to Mrs. FJ! I know you're loaded FJ, so you'd better give a nice gift
- Market did puke, then rallied on short covering. What you should notice is that 3900 has defended really well, even with headline garbage
- It's the day before labor day, so not really much to read into and also why I only sold calls today
- My guess is we're probably going to range a bit between 3900 and 4100 before we go into a retest of the cycle lows. October is timing for new lows. Let's see.
- On the political front, it's really funny to me because the republicans and the dems both think the same thing about each other (dictators, fascists) and they're dead convinced that they are purely right and the other guys are purely wrong. I think this is dangerous logic to have because, well, nobody is fully right about everything and we all have to live together. I'm concerned about the sentiment that if I win, the election was fair, but if you win, the election was rigged. Whether he did something or not (I don't know and I hope not), it's not a good look for Trump to have classified documents like intelligence assets at Mar-a-Lago. This will sort itself out sooner or later. I'm fairly worried about the prospect of maybe not a civil war, but a civil cold war in our country. Most people are good people regardless of how they vote
- I'll be out of town next week, won't be able to trade. Good luck to you all.
Yep, exactly. and media wants everyone to believe the crap they try to feed you on a daily basis. Turn the news off.techno-ag said:Eh. Every President takes classified documents out of the White House when they leave.$30,000 Millionaire said:
few things:
- Happy Birthday to Mrs. FJ! I know you're loaded FJ, so you'd better give a nice gift
- Market did puke, then rallied on short covering. What you should notice is that 3900 has defended really well, even with headline garbage
- It's the day before labor day, so not really much to read into and also why I only sold calls today
- My guess is we're probably going to range a bit between 3900 and 4100 before we go into a retest of the cycle lows. October is timing for new lows. Let's see.
- On the political front, it's really funny to me because the republicans and the dems both think the same thing about each other (dictators, fascists) and they're dead convinced that they are purely right and the other guys are purely wrong. I think this is dangerous logic to have because, well, nobody is fully right about everything and we all have to live together. I'm concerned about the sentiment that if I win, the election was fair, but if you win, the election was rigged. Whether he did something or not (I don't know and I hope not), it's not a good look for Trump to have classified documents like intelligence assets at Mar-a-Lago. This will sort itself out sooner or later. I'm fairly worried about the prospect of maybe not a civil war, but a civil cold war in our country. Most people are good people regardless of how they vote
- I'll be out of town next week, won't be able to trade. Good luck to you all.
People forget that the President has the highest clearance. In fact, POTUS decides what can be classified or declassified because there is no higher authority.
This all for political show. But hopefully it won't negatively impact the stock market.
30k and I were talking about trying another zoom charting/TA call towards year end. Maybe we'll get one together.BREwmaster said:
that is greatness! thanks for sharing.
now when's the next FJ SPY trading chat? I need to get better at putting into action what I see, could've bought puts Friday as the trend broke down. Just sat on hands instead.
FJ43 said:
Well.....the game day threads are back. Had a chance to watch the first half from TBonz Gill & Grill in Charleston then of course the weather delay. Shopping resumed.
Reading some of the posts this evening I just wonder why they bother watching the games at all.
The 1-year Eurodollar curve is now as inverted as it was at the beginning of the Global Financial Crisis - ZeroHedge pic.twitter.com/CN0KImxKtz
— Cheddar Flow (@CheddarFlow) September 4, 2022
British newspapers are generally better than our media.Ag CPA said:
Wow. Wonder why CNBC and the MSM have not picked up on this yet, obviously it will have a significant impact on Tuesday. Everyone reporting it is just quoting the NY Post article for now.
One of my biggest roadblocks starting trading was focusing on too much. Theres thousands of possible setups/patterns & impossible to have an edge focusing on them all. Profitability means becoming a specialist. Find 1 or 2 (flags,failed breakouts for me), specialize, repeat daily
— Adam Mancini (@AdamMancini4) September 4, 2022
$30,000 Millionaire said:
I don't know what to make of it. Feels like tech is much less frothy right now, but we are also literally on the cusp of an explosion in tech spending for AI and edge computing. There wasn't a euro in the 70s, but I might look at what GBP and the Swiss Franc did back then.
4 weeks bro! You and Prog have to be in some ring of honor for banned camp.Bonfire1996 said:
I'm back after a four week ban. Sorry fellas, I'll try to be better, LOL
insulator_king said:
Bed Bath & Beyond CFO, 52, is identified as man who jumped to his death from 18th floor of NYC's 'Jenga' tower.
Dang!
https://www.dailymail.co.uk/news/article-11178041/Bed-Bath-exec-52-identified-man-jumped-death-18th-floor-NYC-tower.html
Wonder if the books were cooked, and he knew it.
I think we were in the 4500-4600 range when I wrote that. I think the fed is going to crush employment as a means of controlling inflation. They are not going to be able to raise rates for too much longer because it's bad for the government's debt service, so they'll directly go after demand instead. If you notice their language, they are saying things like "employment is still robust". I don't think we've seen the peak on energy either. Best that the economy can hope for is that prices stay around where they are. Imagine what happens when there is $150 oil.BaylorSpineGuy said:
About 3-4 months ago, you wrote something to the effect "we are so screwed." It was late one night. Not sure if you meant or were referring to the next day or not, but I got the sense you meant on a more macro/long-term level.
Do you still have the same sentiment or do you feel like that already came and passed or won't come to fruition at all?
Not even close$30,000 Millionaire said:
Usually, when you reach peak fear on topics, that's the end. I think the euro energy crisis is pretty close to peak fear.
The 20% flow of Russian NG to Europe has ended. From oilprice article this morning "Russia Won't Restart Nord Stream Pipeline Until Sanctions Are Lifted"Farmer @ Johnsongrass, TX said:Not even close$30,000 Millionaire said:
Usually, when you reach peak fear on topics, that's the end. I think the euro energy crisis is pretty close to peak fear.