Make no mistake, but if you are involved here whatsoever, its an entirely different market than it has been for the last few years. There’s still so much anxiety out there about being involved or participating, and for that reason we continue to grind. Like I said at the initial point of breakout, no dips for you. Why would it be that easy?
I’ve been in the process of trying to formulate a market pain trade theory here, which involves the massive trend away from active MF’s, hedge funds, and stock pickers and has gone into ETF’s and indexed products. Safe to say the boat is officially loaded in those products…so what if the market really doesn’t go anywhere? In the meantime, the moves I’ve been nailing in stocks has been insane. Huge moves left and right. Predictable, cheap, and a new ease of follow through. All while your SPY goes nowhere.
I’ve said this before, but if you are watching the market to dictate a trade in XYZ, you’re only hurting yourself here. Correlations still remain at multiyear lows.
Come trade some stocks with me.
OA
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Last chance to buy TSLA…Elon is going for vertical integration. X is next but he needs to goose the share price first.
Wow. This crude move its killer. Folks been riding it long since pullback to 47. Myself since 44. What a shit show
Apparently trying to stop people out. Still waiting to hear what your stop is.
Oh my bad. 39.50. Never thought we would get there based on where I started. But it’s close
You have a target?
On oil? Target below?
It’s killing my glorious day in $LABU. I’m closet to capitulating and getting into individual stocks as OA states.
OA. For those of us who manage money and can’t easily buy individual U.S. equities, do you think the broad Emerging Markets ETF may be an exception to the possibility that the broader U.S. markets go sideways for a while?
Probably not sideways, but look at the slow grind here. To me it seems owning the SPY is the worst thing to own in this environment when stocks are exploding daily.
This Didi / Uber move seems like a game changer for Chinese stocks.
Might be time to consider some YINN
Just cruised over to Bluestar’s blog for a moment – he appears to be MIA since calling the top after Brexit.
Hard to miss on twitter. Can find him there.
Egg all over his face on that short AMZN call.
SCO target still $150.
If you are in UWTI, get out.
alot of stocks I watch are basically, still in a 10 to 15% range
erring on the side of bullishness is the right move..this pig can/t/won’t go down for whatever reason which I could care less about
ergo, you can’t go short….so.whats left? long by defacto reasons
and so it goes..I’m bored but i had a great july…trading account all cashed up ..time is on my side
sorry OA. I mean stop on oil. not target.
My stops on CL are forty cents. No position.
http://www.bloomberg.com/news/articles/2016-08-01/goldman-downgrades-equities-for-the-next-three-months
Thoughts?
no need to panic on oil. IMO this is bottoming action and it should bump around these levels for a few days.
Sarge, please see section on “cetainties.” your welcome, Captain America.