I don’t know what some of you are smoking because today sucked. 75% of stocks were lower, most aggressively. We just capped off the worst quarter for crude since 2012 and most of my stocks nailed me to a cross, with exception to my purchase of CYBR today. Boy is that stock nuts.
I had giant gains in EMES and BITA turn into mush, as momentum oriented stocks reversed and punished the faithful.
I do not walk away from this trading session, off by 1.1%, feeling good about myself. I walk away and spit at the ground behind me, wanting to forget it ever happened.
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Any day when only my dividend payers were up (Inc utilities) was a bad day.
Today seemed ok.
down 1% is never a good day. And I am long about 40 names. NOT a good day.
You’ll be throwing hot pizza slices in faces soon enough, I think.
All I’m really looking at is the 50% retracement of S&P’s rise since early August. That 50% is typically a pretty solid bottom.
Ooopsy daisy.
BruceK where’s that 1999 s&p. And rocket ship
Everyone was Too presumptive the last few days
THE SKY IS FALLING!
ECB is up this week on Thursday…I don’t like Central Banks at all. All of this is silly, market should have stopped/topped at 1755ish SPX, yet I guess it takes time for big positions to unwind and sell to eager investors…it’s, omg, taking forever to crumble all apart.
What the H#LL is Wrong with you, TN?
Anyone that has been waiting, for years..mind~you, for things to “Crumble all Apart” is out of their ‘Got D@mned Mind’ (sic)
*expensive education there..uh~huh!!
~Regards
Aww..shucks!
they are throwing the penalty flag at me.
😉
EWZ has killed me….unless there is a major reversal, and there won’t be, i’m out on friday.
EWZ has an aversion look on the weekly five year time frame. Not perfect but good enough to take a shot.
test
indeud, it did suck
Dr Fly, can i humbly request your views on the overbought strength in the $USD and its impact on the economy ? the last several times it ran up like this it corrected massively.
It has already slaughtered commodities.
Wage growth is non-existant, wont the USD strength decimate US manufacturing, leading to shitty GDP numbers ?
Wounds will be cauterized soon for the faithful. Thinking a lot of window dressing (funds getting IWM off books), and jobs # Friday is part of it maybe. Tons of bears lurking…thankfully. Getting ready to pounce on some overextended cow. CYBR…sick move.
Nymph, why “should” the market have topped? The only conditional that ever applies is “could”. As in could go up, could go down. ( and does.)
Good Point…but we are playing in Air and am so amazed that people could buy this stuff.
Bear*
ebola in Dallas!
after hours TKMR…
OA, thought we were bullish on FSLR here?
What happened? No longer bullish I assume? Confused by the comments a bit.
Time to eat a sammich
Grandma will bake vaccine cookies for all.
Fly, thanks for CYBR!
You had a perfectly good strategy that you worked on for months and you threw it away one day on some oversold rally
I liquidated virtually all of my positions last Monday and have been short gold since. Shorting JNUG and today certainly didn’t suck. Opened a small starter position in DGAZ today. You said so yourself, commodities look weak as shite
ANGI putting herself up for sale….will end up being a private equity take-under. Will go for less than current market cap.
ANGI is the biggest POS out there, ugly in more ways than one – can’t believe it was ever recommended on here
Somehow by being long cash I’m making money as the Dollarz keeps floating up and up away…
After 10 down days and this one up a smidgeon it doesn’t seem too bad
TKMR has been a fun move after hours.
Russell is finished being beat on. Rally starts soon, almost straight up from here with small caps leading the way.
How does one usually calculate percent change for the day? Difference in account equity between yesterday and today, then divided by yesterday’s account equity? Or is cash position excluded?
what’s the PPT score now?