that was dirty
I apologize to this thread. My XOM earnings estimate was way off.Farmer @ Johnsongrass, TX said:
In a rush this morn.
BASF to permanently downsize in Europe. Energy costs to high to operate, no duh. Green Energy Policy causing folks to lose jobs is not PC.
XOM EPS estimates falling in around $3.88, whisper at $3.90, I'm at $4.06.
Spreads & activity this morning looking similar to yesterday. XOM,..."One-ten by month end" should happen with ease and $112 is the stretch. If Hess can rally 5% on earnings, I believe XOM can too....putting $112 within reach.
Not to jinx......remember, XOM is about as generous of a stock you can get, it runs up to earnings, it runs up after earnings to dividend and it runs up after payout. We are in ATH's territory everyday now, so it's a little different. Sprinters and Distance Runners all have to take a breather every now and then, XOM runs the same way. Just keep your patience if you see dips. $104 & change is support.
Div increase should be announced unless XOM leadership waits until 4Q after elections. I'm certain Brandon has a focus on tomorrow earnings (XOM & CVX) for some negative press to throw at XOM. Time for XOM to give him a one finger salute.
3-2-1-crack spread still pointing to a 4Q XOM blowout.
Ragoo said:
boy load.
boat. Dammit.$30,000 Millionaire said:Ragoo said:
boy load.
Two days ago the NYT posted an investigation into politicians trading stocks
— Chris Josephs (@Chrisjjosephs) September 15, 2022
They found that 81 Democrats & 101 Republicans filed up to 3,700 trades and $100M in possible volume
Many had 100% winners, with some perfectly timed
Here’s examples of just how good they were
$30,000 Millionaire said:Ragoo said:
boy load.
$30,000 Millionaire said:Ragoo said:
boy load.
I was in CORZ in March, made a few bucks on CC's, then finally sold. Glad I got out.BaylorSpineGuy said:
My friend who is Ortho spine surgeon I told you about last year. Came from oil money. He was Angel investor in Core Scientific, a BTC mining company. He was a billionaire (so I'm told), and had loads of this stock and I'm sure some preferred shares cause he was in this before it was public. It IPO'd around $10 and rallied to $14-15 range. It's now under 20 cents.
Wow. Just wow.
Over a billion in debt, possible bankruptcy, possible shareholder fraud suits incoming. Good grief.BaylorSpineGuy said:
My friend who is Ortho spine surgeon I told you about last year. Came from oil money. He was Angel investor in Core Scientific, a BTC mining company. He was a billionaire (so I'm told), and had loads of this stock and I'm sure some preferred shares cause he was in this before it was public. It IPO'd around $10 and rallied to $14-15 range. It's now under 20 cents.
Wow. Just wow.
SF2004 said:
Four of the largest tech companies **** the bed and gave weak guidance.
Seems legit that SPY would pump.
Scam trash market.
This is where the macro market confuses me at times. After these earnings, does the economy look better than the Oct 10 low? I would say no, but the market has gone up since then. I think I have to look at larger time frames (monthly/weekly charts) and think these are just relief/mean reversion bounces. Looking at the monthly chart vs daily/weekly gives very different interpretations and this all depends on your trading time frame (day trade vs swing vs long term investment).$30,000 Millionaire said:SF2004 said:
Four of the largest tech companies **** the bed and gave weak guidance.
Seems legit that SPY would pump.
Scam trash market.
Why do you still think this way?
because they want to make it about politics only$30,000 Millionaire said:SF2004 said:
Four of the largest tech companies **** the bed and gave weak guidance.
Seems legit that SPY would pump.
Scam trash market.
Why do you still think this way?
Says the guy who brought up politics.sts7049 said:because they want to make it about politics only$30,000 Millionaire said:SF2004 said:
Four of the largest tech companies **** the bed and gave weak guidance.
Seems legit that SPY would pump.
Scam trash market.
Why do you still think this way?
I tend to agree with this. If you go back and look at the daily chart of ES, we have been seeing reversals on 0.618 fibs since December 2021, the start of the bear market. I am looking for another reversal around 3918 based on Sept. 13 high and Oct. 22 low. If we dont see a reversal there, then I am looking for 4012 as another short entry based off the high of Aug 22 and Oct 22 low.Txducker said:This is where the macro market confuses me at times. After these earnings, does the economy look better than the Oct 10 low? I would say no, but the market has gone up since then. I think I have to look at larger time frames (monthly/weekly charts) and think these are just relief/mean reversion bounces. Looking at the monthly chart vs daily/weekly gives very different interpretations and this all depends on your trading time frame (day trade vs swing vs long term investment).$30,000 Millionaire said:SF2004 said:
Four of the largest tech companies **** the bed and gave weak guidance.
Seems legit that SPY would pump.
Scam trash market.
Why do you still think this way?
on ES I see a similar level 3914.75 from 50% fib 0816H to 1010 low. There is also a monthly 5ema close by at 3909 and a Daily 100 sma at 3910.64. It is a crowded area there.Rebel_Lonestar said:Txducker said:$30,000 Millionaire said:S said:
I tend to agree with this. If you go back and look at the daily chart of ES, we have been seeing reversals on 0.618 fibs since December 2021, the start of the bear market. I am looking for another reversal around 3918 based on Sept. 13 high and Oct. 22 low. If we dont see a reversal there, then I am looking for 4012 as another short entry based off the high of Aug 22 and Oct 22 low.