DOW 23,000+ today?

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

  1. VoodooBoss

    VoodooBoss Rick Moderator

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  2. Grant 302

    Grant 302 OPM Spent: $665,833 Moderator

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    No complaints here. Volatility is my friend in more ways than one.

    Not for he who hedges. ;)

    When I'm doing it right, one bucket fills faster than all the rest drain...
     
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  3. Swine

    Swine TMO Advanced

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    well ouch for me as well haha
     
  4. Grant 302

    Grant 302 OPM Spent: $665,833 Moderator

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    :D

    'Side bet' action executed like clockwork. Cashed a lot, but holding 'free' positions for breakout from this range at 26.3k

    Next 'major' stop...~28,300 Loaded up on cheap positions for the next few monthly expiries. Hedges set if 24,800 needs to be tested first.
     
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  5. 302BOB

    302BOB TMO Addict

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    Dow is very unstable right now..............Hit or miss if you make out...........................
     
  6. Grant 302

    Grant 302 OPM Spent: $665,833 Moderator

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    Nah. Totally disagree, but wish I didn't. The volatility I like is tapering down somewhat today.

    While that's true for most, there's no good reason it has to be that way. People carry insurance for cars...almost nobody learns how to 'insure' their investment nest egg.
     
  7. 302BOB

    302BOB TMO Addict

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    Investing in stocks and bonds can bring wealth or hardship in a hurry. Your savvy may determine your fate. Best of luck to everyone!!!!!!!!!!!!!!!...On a roller coaster we ride...in life and in other areas..........................
     
  8. Fat Boss

    Fat Boss TMO Addict

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  9. Grant 302

    Grant 302 OPM Spent: $665,833 Moderator

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    Nice, Andy.

    DOW held over 27k for the week of Friday the 13th and a full moon to boot. Like I’ve said earlier, expecting to tap and knock out new highs in Q3...really nice move for month of Sept. so far regardless.

    Cashed in on a few things early in the session, right after ‘amateur hour’ movement. Good stuff so far...onward and upward!
     
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  10. Grant 302

    Grant 302 OPM Spent: $665,833 Moderator

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    I was thinking about EW this morning and remembered this post...

    EW closed at $169.20 the day I posted. Now trading at $228+ up +34.75%

    GILD closed that day at $67.86...now trading at $62.27 -8.24% since then.

    PSX closed that day at $91.33...now trading at $99.71 +9.17% since then. But there was a good dip to buy at the end of May/beginning of June that could have yielded +25% or so. But frankly, most don't trade the oil markets all that well.

    Right or wrong, good or bad, I always try to review my predictions.

    That said, the broad prediction for new market highs in 19Q3 was correct, and the 27,000 level was breached twice. And the highs were much clearer to see in other markets since the DOW had BA weighing on it for a while. And keep in mind that this was achieved despite nagging issues like the trade war. 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.
     
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  11. byronj

    byronj TMO Addict

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    @Grant 302 I dumped PSX & GILD. I decided to dabble with a few other bitech companies that I had more knowledge and confidence in. But thanks for the update
     
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  12. TymeSlayer

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

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    "Stocks climb on trade Optimism"
    "Dow sinks due to trade concerns"
    "Dow surges on trade deal rumors"
    "Markets fall on trade talks worries"

    These writers need to go back to creativity 101.

    This is why you just can't watch these markets daily. You'll feel like your being jerked like a yo-yo.
     
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  13. 302BOB

    302BOB TMO Addict

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    At least you can bet the yo-yo goes up half the tyme....if you know how to work it right.........;)
     
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  14. 302BOB

    302BOB TMO Addict

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    or stays down low if you don't....................................funny how that works........................Tyme may have something here with that yo-yo comment.....
     
  15. Grant 302

    Grant 302 OPM Spent: $665,833 Moderator

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    I watch daily...Just gotta ignore the headlines!
     
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