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DOW 23,000+ today?

Grant 302

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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.
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...
 

Grant 302

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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.
 

Grant 302

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Dow is very unstable right now...
Nah. Totally disagree, but wish I didn't. The volatility I like is tapering down somewhat today.

Hit or miss if you make out...
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.
 

302BOB

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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..........................
 

Grant 302

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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!
 

Grant 302

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Anyone have any input on the ROI of theses two stocks? Gilead and Phillips 66? If you want to take if offline PM me but Im looking at these guys right now.
I generally don't think this it a time to buy. I just cashed a bunch of near term bets and pulled the hedges up tighter with some of the profits. But that's more of a comment on short term cycles more than anything. I'm still long term bullish for now.

Disclaimer: Don't sue me, bro. :D

I don't like the biotech sector in general, and GILD seems to be an underperformer to me. If I had to pick one, it would be EW. I won't go into the whys...judge for yourself.

I trade a lot of oil related stuff...but I've never really tracked PSX. Not sure why without digging in, but I have other requirements for trading in this sector. Biggest one is option premiums and liquidity and trading behavior. Otherwise, I think most oil majors trade with high correlation to oil prices. Unless you track and understand the oil markets, I suggest for most to stay away from the sector in general. That said, quick look at the PSX chart - pricing and action look 'dead' to me.

My $0.03, and again, don't sue me, bro.
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.
 

TymeSlayer

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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.
 

302BOB

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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.....
 

Grant 302

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

Fat Boss

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Big day for LRCX. We report earnings after the close. The earnings themselves won't be the hot topic. There's a chance either our CEO or CFO will declare the bottom of the semiconductor cycle. That would be yuge. Rumors of hundreds of millions in "drop in orders" for the current quarter have me cautiously optimistic.
 

Fat Boss

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Yep. It wouldn't be the first time the semi equipment market was poised for a rebound, only to be hornswaggled by the overall economy.
 

Grant 302

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Too bad the LRCX options are a bit expensive. Looks like there could be big movement in the next week. I'd probably be carrying a bit of cheap insurance if I were long...especially if there are big paper gains to protect.
 

Fat Boss

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So far LRCX is up 5.5% in after hours. Hopefully the CEO and CFO will have good things to say about orders going forward.
 

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