Business & Investing
Sponsored by

Stock Markets

24,629,917 Views | 233273 Replies | Last: 35 min ago by Heineken-Ashi
BlueTaze
How long do you want to ignore this user?
Mancinis bear case mostly played out overnight. 3700 is key level to fake fail and rally, or fail and start big leg down. Hopefully bulls can defend and rally to 3830 to add puts. I feel like I have bear fomo now

Edit-he just posted....

Bob Knights Paper Hands
How long do you want to ignore this user?
$30,000 Millionaire said:

I'm not going to though. We could see a new yearly low today.

The whole "usually doesn't bottom on a Friday mantra comes to mind. I think it's likely we see continuation into next week, but this feels like capitulation season is here.

Of course it would be perfect for this market to put in a bottom today and head back to 4200.
Bob Knights Paper Hands
How long do you want to ignore this user?
Heineken-Ashi
How long do you want to ignore this user?
The beer candles show September is an indecisive month. October will be critical. An October red candle with no upper wick will confirm a resuming of downward trend. The overall monthly structure will be most comparable to Q3/Q4 of 2008 where the market moved significantly lower by about 700 points over the next 9 months. Remember when using comparisons to look at previous bear markets only. Downtrends in bull markets do not relate just as uptrends in bull markets cannot be compared to uptrends in bear markets.

https://i.imgur.com/cWqxfJr.jpg

On the weekly, we are already in a resumed downtrend, but there is hope due to an indecisive red candle sandwiched between two downtrend red candles a couple weeks ago that can sometimes signify a round bottom on the horizon.

Don't bet against the trend in the short term. It's a sure fire way to lose money. Don't try to time the bottom for long term investing. What will you gain over someone who lets a bottom and reversal upward confirm? It's not enough to justify the risk. The idea of a perfect entry is sexy but you could be drowning yourself in you beer if you aren't right.

Let a daily uptrend form. Let it turn into a confirmed weekly trend. If the daily is still active, then jump in and place a strategic stop not far below. You don't jump out until the weekly becomes indecisive or you get stopped.

Day traders can still trade the daily trends. Quick stops are your best friend in bear markets. The lower bounds are far more limited than in uptrends and markets tend to bottom faster than they can top while uptrends can tend to reverse very quickly.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
LMCane
How long do you want to ignore this user?
an intelligent analyst today on CNBC was stating next level of support SP 500 if we break the previous 3636 from June....

would be 3,200

Red Pear Luke (BCS)
How long do you want to ignore this user?
Sponsor
AG
BaylorSpineGuy said:

irish pete ag06 said:



Sorry if this was posted. Made me lol


Careful posting this. We don't Prog to develop an aneurysm.


That was incredibly painful to watch. But I'm gonna BRB and go open another account with JPM Chase real quick for the cause.
GreasenUSA
How long do you want to ignore this user?
AG
SAVA 8K filing this morning just tanked it 20%.

https://www.sec.gov/Archives/edgar/data/1069530/000106953022000046/0001069530-22-000046-index.html

As of September 22, 2022, the Company has not received any "termination letter" or the like from any government agency regarding any confidential requests for corporate information and documents. The Company is unable to establish the legitimacy of communications circulating on mass media, or elsewhere, purportedly sent from one such government agency following a request for public access to private records made under the Freedom of Information Act (FOIA). The Company expressly disclaims any obligation to respond to any reports or rumors related to the topic of FOIA.

sts7049
How long do you want to ignore this user?
AG
oopsie
Spoony Love
How long do you want to ignore this user?
AG
After watching that and the BOA response, I may consider moving to Chase. Seriously.
Bob Knights Paper Hands
How long do you want to ignore this user?
GreasenUSA said:

SAVA 8K filing this morning just tanked it 20%.

https://www.sec.gov/Archives/edgar/data/1069530/000106953022000046/0001069530-22-000046-index.html

As of September 22, 2022, the Company has not received any "termination letter" or the like from any government agency regarding any confidential requests for corporate information and documents. The Company is unable to establish the legitimacy of communications circulating on mass media, or elsewhere, purportedly sent from one such government agency following a request for public access to private records made under the Freedom of Information Act (FOIA). The Company expressly disclaims any obligation to respond to any reports or rumors related to the topic of FOIA.


That seems very oddly worded. Is the letter that's been passed around the last 3 days a fake? This is vague enough that I'm not sure. Either way, I'm glad I was able to sell some of those call spreads. I wish more would have filled.
FTAG 2000
How long do you want to ignore this user?
AG
GreasenUSA said:

SAVA 8K filing this morning just tanked it 20%.

https://www.sec.gov/Archives/edgar/data/1069530/000106953022000046/0001069530-22-000046-index.html

As of September 22, 2022, the Company has not received any "termination letter" or the like from any government agency regarding any confidential requests for corporate information and documents. The Company is unable to establish the legitimacy of communications circulating on mass media, or elsewhere, purportedly sent from one such government agency following a request for public access to private records made under the Freedom of Information Act (FOIA). The Company expressly disclaims any obligation to respond to any reports or rumors related to the topic of FOIA.




do we know what this is in relation to?
Bob Knights Paper Hands
How long do you want to ignore this user?
Spoony Love said:

After watching that and the BOA response, I may consider moving to Chase. Seriously.


It seems silly, but so does a financial institution openly taking a polarizing political position and that's kinda where we are these days.
$30,000 Millionaire
How long do you want to ignore this user?
AG
Red Pear BCS Luke said:

BaylorSpineGuy said:

irish pete ag06 said:



Sorry if this was posted. Made me lol


Careful posting this. We don't Prog to develop an aneurysm.


That was incredibly painful to watch. But I'm gonna BRB and go open another account with JPM Chase real quick for the cause.


I'm ok with people believing different things as long as they're rational and realistic. She's unrealistic.
Bob Knights Paper Hands
How long do you want to ignore this user?
They are stating that they have not received any termination letter from any government agency related to requests for corp information or data. I think it's kinda vague though. Timing is really strange as well.
Spoony Love
How long do you want to ignore this user?
AG
I know what you mean but I am also a firm believer in voting with your wallet. Been with BOA for a long while and I do consider a wide range when it comes to investing in energy (fossils to alternative). But it just seems like they are going to push dollars to alternatives in some sort of utopian attempt to rid us of fossil fuels.
59 South
How long do you want to ignore this user?
AG
SPX gap filled at 3707
Bob Knights Paper Hands
How long do you want to ignore this user?
If you're long SAVA, today may be a good time to pick up a few super cheap Jan2024 call spreads. If you look at strikes between $60 and $150 you might be able to find some oddly priced calls between different strikes. If you throw out some buy orders for 1-5 contracts at 100:1 max payout (so buying for $0.05 if you're targeting a spread with strikes at $5 difference, $0.20 for strikes $20 different, etc.) you might get a few bites.

You could do that and use that "upside" to cheaply replace some upside from your shares and take some profit on those shares.
Bob Knights Paper Hands
How long do you want to ignore this user?
No I'm agreeing with you 100%. I was just saying it seems silly to even have to say you'd switch banks because of political policies, but that's how we're living.
Spoony Love
How long do you want to ignore this user?
AG
SPY loses 368 today? The low back in June of 362.17 doesn't seem possible for today, but what do I know.

If we lose 368 today, I see support around 365. It's not exactly, ridiculously oversold just yet.
Farmer @ Johnsongrass, TX
How long do you want to ignore this user?
SAVA - Oh man!

Just when the fun was starting at the party someone had to go turn on the lights. Party killer.

Yeah,...saw that announcement a while ago on another site and the red glow from the drop was on the horizon.

Well,...I'm riding it to the moon or to the dump.

Moving on,....

Hey, quick question, for all those that own/owned WWR, but are holding large cash to invest when the market bottom happens....did you dump your WWR to add to your cash or are you still holding WWR?

How do you convert a country to socialism? The government takes over private industry. .... Keep an eye on Europe. Not sayin', just sayin'

Headed out. On the road all day today. Should be exciting times speeding downward....in the market that is.

Next week the 454 is going to release some carbon.

And always remember,...especially this Nov...

No secure borders, no alpha military, no energy independence, no leadership and most of all no mean tweets - this is the worst trade I've ever witnessed in my lifetime. ***Put that quote in your quote/signature section HeinendKandle*** LOL!

Even Jimmy Carter dealt with a clean deck....didn't know how to deal....but it was a clean deck.

Adios
topher06
How long do you want to ignore this user?
What a disaster this market has become. Does Biden even give one **** about the market or why are they total crickets while the thing collapses? This is even worse when you consider the rampant inflation which is masking some of the true drop in the market.
Bob Knights Paper Hands
How long do you want to ignore this user?
TSLA blasted right through a lot of big MAs. If we get a bounce here around SPX 3700 or June lows, I'm watching TSLA for the rebound calls. It could climb back up to 285 pretty easily if the macros reverse. I'm not saying that WILL happen or that it's likely, just how I'd position if we do.
Bob Knights Paper Hands
How long do you want to ignore this user?
Mostly rhetorical question: are there really $5 million new SAVA shares being bought? Or is most of this likely trimming shorts? It seems like an odd time to decide to go long SAVA.
$30,000 Millionaire
How long do you want to ignore this user?
AG
Lotto XSP 372s. Trying to get 1.4 on 70% and will ride rest.
GreasenUSA
How long do you want to ignore this user?
AG
FTAG 2000 said:

GreasenUSA said:

SAVA 8K filing this morning just tanked it 20%.

https://www.sec.gov/Archives/edgar/data/1069530/000106953022000046/0001069530-22-000046-index.html

As of September 22, 2022, the Company has not received any "termination letter" or the like from any government agency regarding any confidential requests for corporate information and documents. The Company is unable to establish the legitimacy of communications circulating on mass media, or elsewhere, purportedly sent from one such government agency following a request for public access to private records made under the Freedom of Information Act (FOIA). The Company expressly disclaims any obligation to respond to any reports or rumors related to the topic of FOIA.




do we know what this is in relation to?
I'm not in SAVA, so I'm sure others have explained it better than me, but I thought SAVA has had a good run in recent days due to "news" that the investigation into it had been terminated. In the filing, they stated they have not received any notice of termination. Yeah, kind of vague to me, but I'm also a layman.

This layman also sees that even with the drop, SAVA is still trading above where it broke out days ago. Could be a good sign for longs.
BenRev09
How long do you want to ignore this user?
AG
Seems like a good opportunity for leaps on XOM, thoughts on 1/23 100s? Or farther out?
CC09LawAg
How long do you want to ignore this user?
I got in near today's low for 1/20 at 105.

Wish me luck!
Ag CPA
How long do you want to ignore this user?
AG
topher06 said:

What a disaster this market has become. Does Biden even give one **** about the market or why are they total crickets while the thing collapses? This is even worse when you consider the rampant inflation which is masking some of the true drop in the market.


Bring in cash since February I'm loving it.
BlueTaze
How long do you want to ignore this user?
I know the Fed is independent, but wonder if there was Dem pressure to get the crash over with quick rather than grind into election season. If so, my guess is we crash thru 3700.
bmoochie
How long do you want to ignore this user?
AG
BlueTaze said:

I know the Fed is independent, but wonder if there was Dem pressure to get the crash over with quick rather than grind into election season. If so, my guess is we crash thru 3700.
My opinion is dems would want to grind it out and when the crash happens post election, they can pass the blame.
planoaggie123
How long do you want to ignore this user?
AG
This would be my assumption....i am guessing D's are nervous about current situation which will 100% be around during elections and no real "near term" end in sight....
topher06
How long do you want to ignore this user?
BlueTaze said:

I know the Fed is independent, but wonder if there was Dem pressure to get the crash over with quick rather than grind into election season. If so, my guess is we crash thru 3700.
Does someone want to tell him?
ranchag04
How long do you want to ignore this user?
AG
bmoochie said:

BlueTaze said:

I know the Fed is independent, but wonder if there was Dem pressure to get the crash over with quick rather than grind into election season. If so, my guess is we crash thru 3700.
My opinion is dems would want to grind it out and when the crash happens post election, they can pass the blame.


I agree that would be their preference but they are not going to be able to stretch it out for that long nor do they know how. We crash before election, rebound somewhat after republicans get control of congress, and have a lame(r) duck administration and we start rebounding to a greater extent as 24 gets closer but that's just my gut feeling (worth what it cost you).
BaylorSpineGuy
How long do you want to ignore this user?
ranchag04 said:

bmoochie said:

BlueTaze said:

I know the Fed is independent, but wonder if there was Dem pressure to get the crash over with quick rather than grind into election season. If so, my guess is we crash thru 3700.
My opinion is dems would want to grind it out and when the crash happens post election, they can pass the blame.


I agree that would be their preference but they are not going to be able to stretch it out for that long nor do they know how. We crash before election, rebound somewhat after republicans get control of congress, and have a lame(r) duck administration and we start rebounding to a greater extent as 24 gets closer but that's just my gut feeling (worth what it cost you).


Remember history. October '29 crash, bottom November. Rally hard after that and break to lower lows in April. I suspect more to come. People haven't even felt real pain yet.

This Bear has come alive.
$30,000 Millionaire
How long do you want to ignore this user?
AG
Everyone is too bearish and we are at -3 ATR.

I sold puts in CCL. Jan 7.5P for 0.88. That would be below Covid lows. I'm fine to take possession at 6.62.

I bought LUMN, a favorite of FJ and I. It pays a dividend and it's cheap.

I bought AMD at 68.
First Page Last Page
Page 5711 of 6665
 
×
subscribe Verify your student status
See Subscription Benefits
Trial only available to users who have never subscribed or participated in a previous trial.