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DOW 23,000+ today?

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Scottie can you give me more than 27,000?
 

Grant 302

basic and well known psychic
Wasn't even thinking about the S&P...it's good to see them both right near the highs. A friend of mine is skeptical of my targets because the Russell 2000 hasn't been participating in the same manner.

--I think they're just gonna be late to the party...
 
Let's celebrate!!!....Everybody to Modern Pizza, in New Haven,CT at six on me!!!I may be a little delayed....Rush hour traffic on I95 on Friday is brutal....Put my order in for a small pepperoni and onion, please................................Dig in without me if don't get there in tyme....I'll catch up...;)
 

TymeSlayer

Tramps like us, Baby we were born to run...
3,787
2,740
Exp. Type
HPDE
Exp. Level
3-5 Years
Brighton, Colorado
Not sure this can be sustained. In such a volatile market we're in, I can see at the very least a minor correction. Predicting it is impossible but it's coming. Could be a good tyme to shift some positions to cash. Not trying to play the role of Chicken Little but I've always tried to move to some cash whenever the market hits or nears highs. It doesn't always work but certainly have more hits than misses.
 

Grant 302

basic and well known psychic
It takes sellers and shorts (which are also 'sellers') to fuel the rise. Perhaps more accurately, the rise in prices creates new sellers...and as I say the shorts fuel the rise. While I will continue to sell/roll/cash hedges, I will not sell a single long equity, ETF, or mutual fund in the near term. The market is essentially 'done' with price action at these levels. I'm highly leveraged to the upside and only setting up to remain roughly neutral to the downside.

30k will be a big psychological barrier. It's a secondary reason my big target is in the high 29k range.
 

Grant 302

basic and well known psychic
Two full weeks of consolidation isn't a bad thing, and this week is closed in the green in both a week over week perspective and from the Monday open. Still 'constructive' price action IMO. Especially concerning the mixed bag through this earnings season. Other indicators playing catch-up like expected and have been hitting new highs like expected.
 
1,482
408
It's been a semi-wild ride for me lately. First, my Netflix gets shellacked, then my Tesla. But along the way my Lam Research had a pretty solid week. Luckily, most of my stock is Lam now. Guy at work is calling $300 in two years, hope he's right. It's at $210 now.
 

Grant 302

basic and well known psychic
It's been a semi-wild ride for me lately. First, my Netflix gets shellacked, then my Tesla. But along the way my Lam Research had a pretty solid week. Luckily, most of my stock is Lam now. Guy at work is calling $300 in two years, hope he's right. It's at $210 now.

It's moving up nicely today...

.....

Straddle strategy going into the Fed announcement paid very nicely...as well as another entered late yesterday playing for (biased toward) the bounce. Two weeks of tight range-bound movement was very likely to end with a big move either way. Same thing for this morning to start the month. Bounce or continuation would make me money. Broad hedges are still below this range, so I wanted to do something short term. Cashed all the winning positions and still holding the outer positions like a very wide strangle on the normal August expiry. With more than two weeks to go on those, they might still yield something too.

I'm still thinking more new highs across various sectors through Q3. Topping off might occur late or in Q4. Maybe even 20Q1.
 

Grant 302

basic and well known psychic
Wow. Just bought back what I sold this morning!! I love the volatility...Put side held from yesterday in the green now. 500+ point reversal so far from today's peak.
 
1,482
408
It's moving up nicely today...

Aaaand then the Jick Jack. People at work looked at the price when they got to work this morning. They couldn't believe me when I told them it had given back all the gains.

I know LRCX is going to charge, it's just a matter of when. AMAT will too, but LRCX seems to do better over the years. That's one of the reasons I jumped ship again.
 

TymeSlayer

Tramps like us, Baby we were born to run...
3,787
2,740
Exp. Type
HPDE
Exp. Level
3-5 Years
Brighton, Colorado
Oh boy... There goes The Donald's flappin' yapper and the market goes nuts. I just need a few more days of his twitter temper tantrums and buying back may make sense.
 

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