DOW 23,000+ today?

Discussion in 'The Paddock' started by Grant 302, Oct 17, 2017.

  1. 302BOB

    302BOB TMO Addict

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    They're teasing with us!!!!!
     
  2. Grant 302

    Grant 302 OPM Spent: $665,833 Moderator

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    That's the job of an 'efficient' market! :D
     
  3. Grant 302

    Grant 302 OPM Spent: $665,833 Moderator

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    Nice test (earlier) and cross of 27,000! Enjoy the ride!
     
  4. VoodooBoss

    VoodooBoss Rick Moderator

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    Scottie can you give me more than 27,000?
     
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  5. Grant 302

    Grant 302 OPM Spent: $665,833 Moderator

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    "Punch it, Chewie!" - Star-lord, Alien3
     
  6. Grant 302

    Grant 302 OPM Spent: $665,833 Moderator

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    Nice strong move to the close. Still waiting for the final numbers to print.
     
  7. VoodooBoss

    VoodooBoss Rick Moderator

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  8. Grant 302

    Grant 302 OPM Spent: $665,833 Moderator

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    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...
     
  9. 302BOB

    302BOB TMO Addict

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    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...;)
     
  10. Grant 302

    Grant 302 OPM Spent: $665,833 Moderator

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    I dunno, Bob. I was saving that can of SPAM for something special like this.

    :D ;)
     
  11. TymeSlayer

    TymeSlayer Tramps like us, Baby we were born to run...

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    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.
     
  12. VoodooBoss

    VoodooBoss Rick Moderator

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    I think if we can get the China trade deal locked in we could see DOW 30,000.

    Sooner or later everyone is right. :rolleyes:

    51Cdo6BMwkL._SX306_BO1,204,203,200_.jpg
     
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  13. Grant 302

    Grant 302 OPM Spent: $665,833 Moderator

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    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.
     
  14. Grant 302

    Grant 302 OPM Spent: $665,833 Moderator

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    Another nice move into the close...for the day and for the week! :D

    27,332.03 +243.95

    Maybe we'll splurge a bit and crack two cans o' SPAM tonite. :rolleyes:
     
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