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24,763,898 Views | 233455 Replies | Last: 56 min ago by agdaddy04
Heineken-Ashi
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Heineken-Ashi said:

Looking at SPX, yesterday's beer candle is in the crosshairs. Today did not finish higher but held from becoming an indecision or reversal candle. There is more days ahead potentially of basing below yesterday's high. But that candle is the target. Once we break above it, we could be off to the races. As long as below it, you should have a hard stop at 4215 as the bottom can fall out quick below there. If we do break above it, I expect 4450-4500 within a couple days of confirmation.
The action we are seeing right now is more of what I expected when I posted this. 4300 is a key level. Hold that area and then finish tomorrow or early next week above Tuesday's high and we're going to be cooking.
"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)
EnronAg
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AG
shrugs off the awful awful bond auction just like hot PPI and CPI...this thing will be cooking for you in no time, Heineken!
Brian Earl Spilner
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AG
Dumb question, what is a bond auction and why did the markets hate it?
EnronAg
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AG
no body wanted to buy treasuries sending rates higher...higher rates send equities down...someone else can give better write-up...but that's the short and dirty...nobody wants to buy our worthless paper with all the stupid spending done by our corrupt govt.
bmoochie
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AG
Prog: thoughts on latest SAVA hit piece? I call it that because that's how it reads to me. As all the others have.
Spoony Love
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AG
I'm wondering if yesterday would be considered an outside bar on SPY and would it indicate a direction down?
confucius_ag
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AG
bmoochie said:

Prog: thoughts on latest SAVA hit piece? I call it that because that's how it reads to me. As all the others have.
City University of NY. Sounds like a legit research powerhouse. LOL

I bought a few this a.m.
bmoochie
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AG
I did also. Read enough to feel its just another short driven hit piece. report was leaked and even then I read it still wasn't accurate as they found no evidence.
Heineken-Ashi
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Spoony Love said:

I'm wondering if yesterday would be considered an outside bar on SPY and would it indicate a direction down?
Maybe? Needs to have body or wick both ABOVE and BELOW previous candle, which it did for SPY and ES but did not for SPX.

Beer candles show back to back indecision candles which can be typical for small retracements and basing in a bullish setup.

4300 is key level. Hold that and potential to boom is there. Break below that and bearishness creeps back in.
"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)
Tumble Weed
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Tumble Weed said:

Wti dropped below 90 so I was shopping oil stocks. Bought MRO and OXY.

Already own XOM so I wanted to expand.

It's been a good eleven days for my account. I also bought PXD and FANG ( diamondback) before the dust up in Israel.

I would rather be lucky than good. I still think that energy stocks have some room to run. A little saber rattling from the ayatollah assahola should send WTI to triple digits.
GreasenUSA
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AG
Heineken-Ashi said:

Spoony Love said:

I'm wondering if yesterday would be considered an outside bar on SPY and would it indicate a direction down?
Maybe? Needs to have body or wick both ABOVE and BELOW previous candle, which it did for SPY and ES but did not for SPX.


All 3 of my charting services show it did this for SPX.

As per normal, I was focused on QQQ. After yesterday's candle, I'm surprised we actually made a lower low today. On the tape, it looked like the bulls were going to make a stand mid-morning before they finally gave up.
Charismatic Megafauna
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AG
Buying Cpe calls on dips has been working for me!
Tumble Weed
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Charismatic Megafauna said:

Buying Cpe calls on dips has been working for me!

I like companies that are focused on exploration in the Permian Basin. Haven't studied Callon before. Will take a closer look. Thanks for the tip.
Heineken-Ashi
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Yup. You are correct. About 40 cents higher.

Something to watch for sure. Market has to prove itself. But look at November, January, and April. All similar that held support on the retracement and then continued upward. That candle only opens up potential. Doesn't signal confirmation. Stay with parameter we know. Watch support.
"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)
Charismatic Megafauna
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AG
I love trading cpe, they are highly leveraged so pretty volatile when oil price is moving, reminds me of oas back when i worked there
EnronAg
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AG
bulls defending SPY $431 bigly all afternoon...hit it again, and we dump into close...
Heineken-Ashi
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WWR can now be found in the club

"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)
Spoony Love
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AG
It seemed to at least indicate a direction for today but we are still above 4300 on SPX.

Maybe my chart is messed up but I see an outside bar on SPX's candle yesterday from the previous day?

Chances of further decline over the weekend? All eyes on Gaza this weekend. Could be a few shenanigans on Monday, I think we are in a no trade zone for my comfort level.
lobwedgephil
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Spoony Love said:

It seemed to at least indicate a direction for today but we are still above 4300 on SPX.

Maybe my chart is messed up but I see an outside bar on SPX's candle yesterday from the previous day?

Chances of further decline over the weekend? All eyes on Gaza this weekend. Could be a few shenanigans on Monday, I think we are in a no trade zone for my comfort level.
Correct on SPX outside bar.



Philip J Fry
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AG
Anyone familiar with CEIX as a long term hold? I keep looking for a good entry, but it just keeps going up.
AgCPA95
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AG
ProgN said:

frankm01 said:

$POWL. Another Prog mention up nice today.
That lil' MFer pisses me off. I love the stock but was hoping for it to pullback but it hasn't and I don't want to make the same mistake I did with $SMCI when I started watching it last November below $75. I kept waiting for it to cool off to get in and I missed it's massive run. Now this little ******* is about to breakout instead of pullback to $70. I just know they'll smoke earnings and fly.

Will be watching this one ($POWL) if more short term downward pressure. Projected earning release is not until Dec 6th as they have a 9/30 year-end so this is their full 10K quarter-end cycle.
Spoony Love
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AG
Some elevated buying on SPY. Think it' some earning optimism. If we get a good earnings report from tech, it's a lift off this week.
Brian Earl Spilner
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AG
Coming up on key level of 4385.
Spoony Love
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AG
The hell was that?
Red Pear Luke (BCS)
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Sponsor
AG
Just eating all the premiums today.
Spoony Love
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AG
Ok, but that just seems out of left field. Like it was coordinated.
LMCane
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EnronAg said:

no body wanted to buy treasuries sending rates higher...higher rates send equities down...someone else can give better write-up...but that's the short and dirty...nobody wants to buy our worthless paper with all the stupid spending done by our corrupt govt.

but who has "better" paper than the worthless paper of the USA?

the Swiss?

the Germans?
Spoony Love
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AG
I'd like to order a rally into the closing hour.
ProgN
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Spoony Love said:

I'd like to order a rally into the closing hour.




Rally ass is engaged.
Spoony Love
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AG
None of them are flat unlike this closing hour
Brian Earl Spilner
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AG
Is it too soon to say we've seen the bottom for 2023?
Nice Ash
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Brian Earl Spilner said:

Is it too soon to say we've seen the bottom for 2023?


Yes
lobwedgephil
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Brian Earl Spilner said:

Is it too soon to say we've seen the bottom for 2023?
We were at 3800 in March, so.
ProgN
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Brian Earl Spilner said:

Is it too soon to say we've seen the bottom for 2023?


Too many geopolitical variables happening to assume anything. It's best to be attentive and prepared to liquidate positions without emotion or hesitation. JMO
Spoony Love
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AG
Gap fill day?

If Tesla decides to signal today about good earnings tomorrow, then it may happen.

Of course though, the exact opposite can happen. The market seems poised to make a dramatic move either way. Not saying it all hinges on Tesla, but they could be the start.
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