Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
POKERSAM I agree 100% -- the lesson I learned was last summer when Katrina hit .. it was Cat 4 hurricane that was going to hit NO and overwhelm the levees and hit the refineries .. cause extensive damage and gas prices to surge oover 3 dollars a gallon - that is exactly what it ended up doing but the week Katrina hit the stock market exploded in a huge runup.
did n't Warren Buffet used to say - "Buy when others are fearful"
tip the hat to you Poker
you were dead on in your prediction
my question is where do we go when we hit 36?
Also Max Pain is 39.00 this month
all about Alcoa-- they are first biggie to roll out earnings.. they have been beating earnings for the last few years..if they miss we are in big trouble .. one question doesn't making aluminum require alot of energy?
VDhanson what results do you look at? Economic? Security? by any rational standard this President rates as the worse two term Presdent since U S Grant probably one of the worse of all time.
ok I have to chime in here -- Military spending in and of itself is one of the worse types of spending you can have. While a war economy is always good business in the short turn -As far as return on our tax money - I would think something like college tuition grants for worthy low income students would give a must better return on investment than military spending .
also there is one reason why Bush administration was low key about using missile defense system against NK it is because after 23 years our missle defense system doesn't work.
gloe you are right
wage increases are highest since 2001 - market doesn't like this
Hahah nailed it
http://www.investorshub.com/boards/read_msg.asp?message_id=11904270
btw May was revised very slightly upward but April was revised downward
the 38 july call has a large spread buy .65 and sell .75
EC I have to disagree I think right now the market is looking at two things that will move it.
1. Oil Prices they have stabilized in the last few weeks but yesterday NK cause them to jump which cause market to swoon. we currently have good supply where there isn't actually oil supply problems but we also have a tight supply of oil so any international trouble will jolt the market (like yesterday)
2. We have FED at the end of raising rates the market is looking for any weakness that will signal the end of rate hikes. Any weakness will give us summer rally that pundits have been calling.
Tomorrow's job report a strong report will cause market to go down a bit but a weak report will make it soar. And as I said last time job report came out this Administration has been amazing at missing job targets. So once again I expect weaker than anticipated job growth AND revisions downward last couple of months.. which should start our summer rally.
NK didn't make the stock market go down .. NK made oil reach 75 dollars a barrell and THAT made market go down
I don't think the threat is NK using this missile -- because they would be wiped off the face of the earth if they did .. the worry is that they sell technology to another rogue nation (like Pakistian or Iran)
friday news-- employment report comes out friday - if it is below predictions it might give more ammo to market that rate hikes will stop.
Da Boyz definitely are putting a hold on trading -- usually when we get to a new week and closer to Options Expiration the time premium reduces on options .. however this week we still have a same time premium as we had last week. btw I think we do drift down this week to 20Ma 38.20 ish
I think the thing missing from TA is real world - we joke about Da Boyz but in reality they DID move the market yesterday. Combination of the new Fed announcement and End of Quarter rebalancing of portfolios it was forgone conclusion the market was going to go up. What TA is helps me find is a good entry and exit for trade.
I think we might have an up morning tomorrow also -- remember not only did fed do what everyone said there were going to we have end of quarter portfolio thing rebalancing happening
Poker -- Aug 39 calls were .35 this morning and ended day at .70 double hehe
my prediction is a 50 basis point which will signal a pause in interest rate rises but vague statement which will imply that rates could start to rise again if inflation is seen as problem.
glen agreed - I think we need to retest low before we get bounce..
Well after a huge outcry for years and years Buffet issue a class b stock which was 1/30 of class a and is trading at 3000 a share today -- hardly a stock for the average investor
Buffet while Warren's altruism is commendable I have always been a bit disappointed with Buffet. First he never split his stock and while that help keep his stock thinly trade so it would never be manipulated by brokers it froze out any average investor from investing in Berkshire Hathaway.. only insuring super rich were be the ones that benefited from his acument.
also there were issue he was always forceful about.. executive pay and stock options , the national debt and trade deficit and while you would get an occasion op ed from him he really didn't use his unique position to really try to instigate change.
also it is a shame that he is waiting until the end of his life to give his fortune away .. he won't be around to see the results of his charity.
actually if fed goes up 50 basis points that would be huge positive.. Greenspan use to have a big increase at the end of his series of raising rates (it was referred to as exclamation point).. a 50 basis point move would signal a definte end to interest rates increases and would cause a huge rebound in stocks
july 4th holiday question -- any historic data how the markets do leading up to july 4th?
so you think we are going back up?
meetings all day -- sorry didn't mean to get off topic usually don't get pulled into not topic discussions. I currently have qqqq calls that i purchase end of day yesterday when we actually closed positive.. looking to hold until 39.10
while I don't think that somewhere in the future a missle defense system will work.. the question is has pouring billions and billions of dollars since mid 80s really worth the investment ? I doubt it I think missle defense system was nothing more than a huge gift to military industrial complex.
I imagine that when a workable missle defense system finally comes online that within 5 years most other nations will also have this technology which will neutralize any advantage we may have
38.52 are we going to breakout to upside?
nofluffstuff you are 100% correct we had horrible news in the morning yesterday but market went up and then Fed Chair said something very neutual in afternoon and market soared - total manipulation ..
Completely 39 is the place -- definitely getting there by tomorrow
Max Pain baby is 39 - and like a magnet DA Boys go to it
pulse -- don't you think that market going up in spite of horrible inflation news would point to a short term bounce? at least going into OE -- max pain is 39
Wow we really dived at the very end
I thought there would be a bounce also but didn't happen.
everyone is quiet today -- looks like the market is collasping!
will revisit the 37.30 low that everyone was talking about last week?
is there a concise definition of all the Woodie terms?
I think if we get a bounce might be monday tuesday next week-- which is EO week that might lead to some short covering
Max Pain
anyone know max pain for qqqq ? (besides the max pain the last month)
metalfillboy
i was going to ask you to move the cci chart up right below the qqqq chart but you just did it ! thanks again
Wow Metalfillboy
this is great (again)
thanks