that was dirty
Stock Markets
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Last: 29 sec ago by Chef Elko
that was dirty
Things should slow down and retrace shortly.
You don’t trade for money, you trade for freedom.
Farmer @ Johnsongrass, TX
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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.
You folks got all the other news.
https://www.investopedia.com/articles/active-trading/051315/how-trade-stocks-hit-alltime-highs.asp
There was no overhead resistance this morning. Right now, cracking $110 "might" be a forward hurdle....until we get 1 to 2 weeks down the road.
Spreads were whacked out this morning, but are aligned now. WTI and Brent are cheap. Crude still not reflecting reality. SPR releases will soon be over.
Ragoo said:
boy load.
You don’t trade for money, you trade for freedom.
Charismatic Megafauna
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AG
I put together an xsp 388/389/390 fly for .03
boat. Dammit.$30,000 Millionaire said:Ragoo said:
boy load.
Farmer @ Johnsongrass, TX
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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
I 100% believe that if athletes can't bet on sports then politicians can't trade in the market from a personal account.
Or from any account period.
It's not a job, but a public service. Get back to what the intention was originally.
It's not a job, but a public service. Get back to what the intention was originally.
$30,000 Millionaire said:Ragoo said:
boy load.
Let's keep the politics on F16.
$30,000 Millionaire said:Ragoo said:
boy load.
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.
Wow. Just wow.
Kevin Spacey has entered the chat.
Red Pear Luke (BCS)
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Sponsor
AG
FYI for you new found O&G Barons
OA1 posted about buying some Dec 16th $40 Call options on Antero Resources ($AR) with a target of $2.75
I followed him into this one but went with some Jan 23 dates instead. They beat on earnings and are funding $1B in stock buy backs. Currently ticking around $34.50
OA1 posted about buying some Dec 16th $40 Call options on Antero Resources ($AR) with a target of $2.75
I followed him into this one but went with some Jan 23 dates instead. They beat on earnings and are funding $1B in stock buy backs. Currently ticking around $34.50
I went with a lotto SPY 380P. Maybe we get an afternoon bear run.
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.
As Ed Norton would say: "Be kind to the people you meet on the way up, because you're gonna meet those same people on the way down."
Take away stocks and you push politicians into less visible means like Schumer, the most corrupt Senator in modern history. He always boasts about how he doesn't trade stocks.
Schumer wasn't short Indymac bank when he wrote a public letter all the way from NY, about his deep concern for regional Cali depositors clear across the country. So when Soros and other DNC shot callers took over all Indymacs billions assets, for pennies on dollar, there was no record of Schumer's kickback.
Schumer wasn't short Indymac bank when he wrote a public letter all the way from NY, about his deep concern for regional Cali depositors clear across the country. So when Soros and other DNC shot callers took over all Indymacs billions assets, for pennies on dollar, there was no record of Schumer's kickback.
Are we gonna pop 3900 today?
Maybe.
Peace folks.
Peace folks.
You don’t trade for money, you trade for freedom.
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.
Four of the largest tech companies **** the bed and gave weak guidance.
Seems legit that SPY would pump.
Scam trash market.
Seems legit that SPY would pump.
Scam trash market.
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?
You don’t trade for money, you trade for freedom.
Spy My 10day ATR range is $7.74 which makes the math: Today high 387.42 minus low of 379.68 = $7.74 the exact 10 day atr to the penny. I found that interesting that is where the 11:39 candle stopped. But it doesn't mean anything if that level gets broken.
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?
Feeling better about closing TLT calls yesterday. That was the right move.
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?
Headline economic news today:
1. Bond rates going up again today with the 2 year near 4.5%
2. After ECI and Core PCE signaled no end to The Fed's nemesis, this morning's UMich survey (final data for October) is the last chance to show that inflation expectations are being managed before next week's FOMC meeting. The final print for next 12 months inflation expectations was very marginally lower than the flash print (+5.0% vs +5.1%) but remains higher than the September final print of 4.7%
3. Pending Home Sales plunged 10.3% Month over month in September (way worse than the -4.0% expected), pushing the year-over-year plunge to 30.4% - its weakest since the trough of the COVID lockdown crisis.
and yet the equity markets are screaming upward. WTF?
1. Bond rates going up again today with the 2 year near 4.5%
2. After ECI and Core PCE signaled no end to The Fed's nemesis, this morning's UMich survey (final data for October) is the last chance to show that inflation expectations are being managed before next week's FOMC meeting. The final print for next 12 months inflation expectations was very marginally lower than the flash print (+5.0% vs +5.1%) but remains higher than the September final print of 4.7%
3. Pending Home Sales plunged 10.3% Month over month in September (way worse than the -4.0% expected), pushing the year-over-year plunge to 30.4% - its weakest since the trough of the COVID lockdown crisis.
and yet the equity markets are screaming upward. WTF?
+770 today 1/1 on SPX trades. Quick in and out. Could have been a lot more but too busy to watch.
Farmer, jak se mas? I imagine you're one of the few on here that understands my username.
Really enjoying your insight on the boards. Dekuju vam!
Really enjoying your insight on the boards. Dekuju vam!
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?
Wasn't around today to trade, but put on some UPRO this morning with stops that I moved up as we confirmed above MAs. I also bought 7 butterflies pinned at 3900 for $0.05 each. Nice lotto.
Also I'm walking 3 days after knee surgery. Medical advances are crazy! I had similar procedure on my other knee 30 years ago and didn't walk this well for weeks.
Also I'm walking 3 days after knee surgery. Medical advances are crazy! I had similar procedure on my other knee 30 years ago and didn't walk this well for weeks.
taking one SPX 3860P lotto for the afternoon
I know that too! but that is the extent of my polish translation. Well except for zimne piwo!
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.
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