DOW 23,000+ today?

[Grant 302]

It's a nice pop so far on the estimate beat!

 

[Fat Boss]

The beat was nice, but the outlook is what's driving the after hours increase of fifteen bucks a share. Over the next days and weeks the analysts will be forced to upgrade the stock based on the CEO and CFO comments regarding Wafer Fab Equipment and our Serviced Available Markets.

https://www.fool.com/earnings/call-...ch-corp-lrcx-q1-2020-earnings-call-trans.aspx

 

[TymeSlayer]

Sell Mortimer, Sell! - Before it's too late!!

 

[VoodooBoss]

Shall we start a new thread titled: DOW 30,000 Today?

 

[TymeSlayer]

There's too many gremlins in the shadows to feel good about much more overall growth in any of these "High" markets.

 

[302BOB]

There's too many gremlins in the shadows

They are everywhere!!!Be Careful Folks...not just in your finances..................in your whole life, in general...be fore warned!!!!!!!!!!!!.....This Crew knows the deal......

 

[Grant 302]

But so far, the higher targets and a real, clear 'breakout' style move is yet to be seen. I'm thinking it's still possible later this year, but 2020 seems more likely now. I'm expecting a bit of consolidation at/just above these levels first.

It's my feeling that the breakout move is in progress now. DOW and S&P have been clearly hitting new highs and eventually any of the laggards will follow. So a bit later than I anticipated at the beginning of the year, and now earlier than I was guessing just a month ago. But I think the peak into upper 29,000 will be next year. I still think that 30k will be a big psychological barrier that will be first piled-on by every perma-short and his dog. And that nonsense will take a while to eventually push everything over that hump. I'm guessing over a year, after the 2020 elections.

While I'll only use short term caution as we head to the end of the year, I think there's no reason to be Chicken Little right now. Cash or trim some of the winners...not a bad idea. Enjoy some of the profits. There should be lots of tyme to see any cause for worry.

 

[VoodooBoss]

Hold onto your trade tickets as this could be a wild ride until the end of the year.

 

[Grant 302]

Nice move into options expiry today. Nice sales on short term 'bets' executed on targets, some at open and some just now. The breakout move seems pretty clear now. My hope is that it continues in relatively stable fashion. The volatility that I usually like comes with slightly higher cost when I have a strong directional bias. Even if id does provide buying opportunities for me in the weekly expirations. Fortunately, the option markets have a tendency to undervalue the risk of large directional moves like this.

 

[VoodooBoss]

If the China trade deal gets finalized I predict we'll see DOW 30,000 very fast. As Ed Yardeni likes to call it a "melt up". Stay tuned.

 

[Fat Boss]

It was good to see AMAT beat and give good guidance. I still have some shares from when I worked there. LRCX is charging at all time highs as well.

 

[Grant 302]

Nice strike on 28,000 right at the close.

My only doubt about blowing past 30k right away is the psychological barrier that it will be. It'll be nice if I'm wrong about the timing.

 

[TymeSlayer]

There is not much optimism about the market going into 2020. The trend is still moving towards cash. Might be around 25% for the big boys but the pundits see that number rising. Of course I'm much higher than that but I'm also 4 year out of my retirement goal so my agenda is not as long term as it used to be. I rode that Blue Chip train for so long that I'm afraid now that the warranty is no longer valid. We all know what happens then.

 

[302BOB]

The sky is the limit it seems to be right now....just be careful how high you want to fly..................

 

[302BOB]

Nice strike on 28,000 right at the close.

30,000 is the next big hurtle, with 29,000 a step on the way...nothing's carved in stone...let's see how this plays out.....before we plan the parade................

 

[Grant 302]

30,000 is the next big hurtle, with 29,000 a step on the way...nothing's carved in stone...let's see how this plays out.....before we plan the parade................

Planning for the parade is better than not planning at all!

I'd rather predict and be wrong and let some form of hedge kick in...versus make no prediction and make no money.

29k will fall soon enough. Possible before the end of the year, and seems likely early next year.

 

[302BOB]

Planning for the parade is better than not planning at all!

Parades come and go...It's how much you enjoy them that counts.....

 

[Grant 302]

Parades come and go...It's how you enjoy them that counts.....

Right. With the traditional can-o'-SPAM!!

 

[302BOB]

Now you're talkin!!!!!!

 

[Grant 302]

Another new high hit (so far) today at 28,290.73

Not bad for a Friday the 13th...

Relatively calm and stable like I've been predicting/hoping for.