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This rally is different. This rally is off the top not the bottom. It is epic even if based entirely on fantasy. So far there are no signs of a blow off top with a gap and go melt up of irrational exuberance. Maybe 2400 can offer some resistance. If 2400 doesn't offer much resistance, bears will have to try and short 2500 in hell as there is a massive ocean of created dollars (not printed, instead created out of electrons in bitcoin fashion) to support the rally to truly stupid levels and beyond at which point we will all be exterminated to the last amoeba by global warming or so I am told.
APA might be a good long term oily hold. With their recent big discovery they can sit on their huge asset while trying to bring it on line. Might be a bit slow in 2017, but after looks positive. The 1.76% yield is nothing to get all gassy about, but could sell calls on any decent bounce. Has potential.
http://seekingalpha.com/article/4039031-apache-corporation-well-balanced-upstream-e-and-p-31-percent-upside
I've been around. Looked at the cycle stuff. Can't seem to get my head around it. Can't really get into the markets much these days. New all time highs. Yawn. I see the negative divergences in the charts as the new highs keep rolling. I suspect a big correction is going to come out of this. Bigger than any in years, but a catalyst is needed. Rate hikes? Maybe. New war? Maybe, but the market does like body counts so... Bank collapse? Very possible. Crooks be crooks. Meanwhile new highs. Yawn.
Big fat negative divergence was forming in BPSPX chart. Bears were licking their chops, but it is turning. Looks like bears will have to short from higher levels now that the overvalue is breaking out to new all time highs. Maybe the Fed dead heads will lay waste to the bull with some quick hikes, but that is less likely given that the Great Trumpkin has expressed a strong desire to spend 1kbillion on infrastructure stuff. Fed dead heads may hate the Trumpkin, but they love massive gubermint spending so much that they will do almost anything to accommodate it.
LEU - Nuclear waste lights up. Probably another pump dump scam.
https://www.thestreet.com/story/13937268/1/here-are-4-somewhat-risky-stocks-that-may-deliver-explosive-gains.html?puc=yahoo&cm_ven=YAHOO
Might get a micro dip into FOMC. That dip will be bought with the ferocity of 10,000 suns. Money managers have to be long all the "good" stuff into year end to say look how good we have been doing. Look to small craps for the signal to short. The best shorts will be found there as the over value, over bought, over everything is the highest. Steel is really over value, over bought, over everything. Trump's wall isn't going to use that much steel if it uses any at all. These excesses will be corrected to some extent. When is the question. Maybe the moon knows.
Beware the Italy exit vote this weekend. Could bring about some volatility. The banker globalist scum don't like it when the serfs rise up.
https://www.bloomberg.com/news/articles/2016-11-28/why-italian-vote-unlikely-to-mean-swift-euro-exit-quicktake-q-a
SRDL - Only has $3 billion in long term debt due in the next 12 months. Can't understand why this isn't a 50$ stock with the OPUD production cut fantasies.
http://www.fool.com/investing/2016/11/30/heres-why-seadrill-ltd-noble-corporation-and-diamo.aspx?source=yahoo-2&utm_campaign=article&utm_medium=feed&utm_source=yahoo-2
Maybe these scumbags can throw then some pocket change at 2000% interest.
It's only bankrupt on paper.
DRYS - Too many shorts. Too small an exit and a super moon to boot. Any failure to restructure the debt and this money hole will fall with neck snapping speed. This thing is punching well above my weight class. I will stick with punching baby seals and even then I will still get my arse handed to me on an aluminum foil platter sans garnish. Is a little parsley too much to ask for?
So much for the promised 5% selloff. Did a Fed dead head spike the rate hike? We should be down 10% or so I was told.
Biotrash and coal are going for the gold today. Gold is gold. Oil burns bright while solar finds a cloud. Banksters party like its 1999. Bomb makers blow up despite the cancellation of WW3. Still plenty of other things to blow up I guess. Happy days.
FTR. Earnings miss. Looks like death. Probably is. Still could be a lotto ticket candidate. Huge volume for the Jan18 4 calls with 11,876 contracts traded and Open interest of 2310. Spread is .15 x .30. Can this POS make it back above 4 in just over 1 year? Right now it looks like it is going to zero with massive distribution occurring.
LQMT - Penny trash maker of nano tech bendy metal pot stirrers spikes 24% on heavy volume after 63.4 million dollar equity raise. Buy a hundred shares for not much more than a Starbucks latte and a cranium sized banana walnut muffin. Heck I might double my shares and pretend I'm like the next Ackman on a burrito buying binge.
http://finance.yahoo.com/news/liquidmetal-technologies-finalizes-63-4-173200985.html
Oil blows up on another ginned up inventory report. Chasing is probably a bad idea, but short term oil is full of bulls. Long term is questionable as a big jump in production can be expected at these prices.
http://247wallst.com/energy-economy/2016/10/19/crude-oil-inventory-plunges-december-futures-jump-to-near-52/
2110. 2120. The algos do like their round numbers. So far selling has been mild. No panic. Just algos doing what algos do. The character of he bounce will be interesting. The weaker, the more layers of ten to potentially go down. 2100 will matter more, just because 210 tens. Below that the 200 dma is in play. 2060 should be the furthest it could go. The election is just background noise for the algos to feast on. In the unlikely event of a Trumphump win, might be some increased volatility until the crooks see what level of bribes it takes to get Trumphump to bend to their will. The price tag for crooked Billary is already known so less volatility. Other than that, for the crooks it doesn't matter what waste of protoplasm infests the Maison Blanc. The crooks value money creation above all else. Money creation is the religion of the crook. The central banks are their Vatican.
This does not look like it's going to hold. Bankster crook scum are the reason.
https://mishtalk.com/2016/10/11/rate-hike-odds-hit-74-percent/
There's a signal in there somewhere on the DoucheBank bailout rally. Expect more bailouts to come. Bankster scum fraud has gotten very expensive for Joe six pack taxpayer the world over.
http://ibankcoin.com/flyblog/2016/09/30/the-media-is-in-full-panic-mode-trying-to-prop-up-deutsche-bank/
BRCD - Not sure if I will take the combo trade. It is low risk, but also low probability. Option calc only gives 26% chance of BRCD being above 10 at expiration in Jan.
Entry on this now is not tricky. Option premium is low on BRCD. Volumes are also low so not very liquid. Keep that in mind, but could get into this combo right now for 0.1. Is a 26% chance of profit worth a dime? This was the best trade I could see on BRCD right now. Kind of stuck in the middle of a wide range between 7.5 and 10.5. I would rather accumulate the stock closer to support, thus the selling the $8 puts, but what if a wild buyout offer appears? Unlikely, but possible, thus the long $10 calls. It's a 10 cent lottery ticket. Could also go out to April expiration for about the same thin dime on the 8-10 combo.
http://www.bizjournals.com/sanjose/news/2016/09/19/5-bay-area-tech-companies-morgan-stanley-thinks.html?ana=yahoo