Brewmaster said:

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bmoochie said:

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Wtf kind of day was this?!

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I need the Morpheus (matrix) gif here… "What if I told you interest rates are going to be cut soon!" Maybe the markets know cuts are coming

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You'd be wrong. The markets and it's participants aren't even as accurate as weathermen. That's why the majority of money managers rarely beat the S&P. They've been predicting cuts for how long now? If you told them in January that the best we would get is a single cut in December, how many of them would have predicted 5300?

I actually think there is a setup in place, in both bonds and yields, for rates to come down a bit. But even with my methods of measuring sentiment, I am wrong a lot. Nothing is baked in and nothing is a given. And nobody is omniscient.

Have you ever tried listening to McInnis #2 and doing the complete opposite of what your first instinct is? Literally on every trade. For a month.

I bet he's right more than you.

the problem is number 3 usually sides of number 1

McInnis 03 said:

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the problem is number 3 usually sides of number 1

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DVN - Let's ride. Chart should be clear as day. Targeting $80.

BaylorSpineGuy said:

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HA, you've been in a run with metals. Palladium didn't get the memo. Is it almost time? PALL is the ticker.

As an aside, I found PDYN, an AI company in a rounded base with some cup completion. Curious for ur thoughts….

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PALL over $97 and I like its chances for $120 before one more possible selloff. There's potential for metals to come down a little more. If so, Palladium won't be sitting there making gains when that happens. Right now, you'd be safe with a stop at $78.50. Just watch out for overnight selloffs as the world market and futures drive this one.

After the next bottom (and again, possible its in), I see it starting its move back up. But if I'm allocating funds, Palladium is last on the list behind gold, silver, copper, and platinum.

PYDN, looks like there CEO has been acquiring shares in May. Nothing crazy with buys with 15k and 23k shares. I can make an EW case for $4-$6 next target. $2.20 breaks it through the cloud and above a significant volume shelf. 144 EMA is sitting at $5.50 which. Could be a magnet. Outside of that, I can't offer much without digging deeper into the company.

These small caps with insignificant volume are not reliable on technicals. Just not enough sentiment to be accurately measured.

Meh. Several times it touched the line and nothing terrible happened. Way more to the overall picture than this. The down spike is an expected response to the ridiculous upspike preceding it anyway.

Roaring Kitty is back!!!!!

Posts on Reddit he owns 5M shares and 120K June $20K calls

LETS GO!!!!!

flashplayer said:

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I am not an oracle but I do have faith in our money grubbing DC friends that they will keep this house of cards gravy train going as long as they can, and whatever potential next crisis is probably not within a year or two but likely further out with whatever bow on a turd idea they think of next to prop things up for just a bit longer.

It's kind of like setting sail on a slower moving Titanic knowing it's going to go down at some point but realizing there's a great deal of fun and high life to be had in the meantime. I have decided to put on my tux and enjoy the fun while it lasts, then hope there's a lifeboat for some of the women and children.

Watch things closely, know your stops that you're willing to swallow, and let things ride in a balanced way. I have lost a good bit of money listening to the bears lately and parking too much cash in the 5% money market.

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No one is an oracle and don't believe anyone that says they know the top. That said, what I'm about to post is my own opinion and it will contain some politics but it's what everyone should be mindful of. It's obvious how I'll vote but in all honesty, it's really not going to matter and there's a good chance that whichever party wins, they'll wish they hadn't in hindsight because they'll take the blame. Zoom out and look at what we face ahead of us on a macro level.

The following will be reality for us all, regardless who's in the Oval Office. The treasury is going rollover around $800B of debt at much higher interest rates before the end of the year. When this happens, service on that debt (interest) will be approximately $1 .2T annually, exceeding our defense budget. The Trump tax cuts expire at the end of 2025, and Biden has said he plans to let them sunset. Neither candidate has uttered a word about cutting spending and both have said entitlements will not be touched. We have open borders and over 6M illegals in the past 3 years that are now on the government dole. We're currently running over $1.4 T deficits annually and growing, before the refinancing of the debt mentioned above. Biden plans to raise taxes and will if dems control both Houses of Congress. This will lead to mass layoffs and cripple the economy. China isn't buying our debt any longer and in fact, they've been dumping it on the market. That means that our bond offerings will have to offer higher rates to attract buyers, regardless if the Fed cuts rates. Imo, the Fed wants to cut rates to hopefully lower the debt service obligation, even though they shouldn't because dumbass Americans won't stop consuming and living on credit. That will also come to a head and pop.

I'm not a crypto investor and don't have enough knowledge to give an opinion of it, but people are buying it as a safe haven outside of the Dollar. I'm old and prefer gold, but both seem like a better position than faith in the dip****s in DC.

Tl;dr: Don't have rose colored glasses, just ride the waves, but be mindful of the facts that I posted above and protect yourselves. I don't want anyone in here to get crushed.

Prog

My reaction waking up to seeing GME this AM

Red Pear Luke (BCS) said:

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My reaction waking up to seeing GME this AM

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I got calls and shares, LFG!