We can get into the technicals if you want; but the information I am about to impart to you is most important. You’re like a dumb child with dumb parents and cannot invest money with any degree of responsibility. If you’re thinking the market is going to bounce — you have to be stupid.
The flood-gates are open.
Today marked the first day down in a downward channel that was recently trading up. The counter-trend move is over.
Prepare for a fresh leg lower — led down by the semis.
Top picks: SOXS, DRIP, LABD, NUGT, JNUG, TLT.
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Love the headline by Stansberry: Florida Millionaire Predicts ‘Cash Panic’ In 2019.
My brother has a question that on these occasions he likes to ask me, just for a laugh, “Irma (he calls me Irma), where did the cash go? Someone must have it.”
A bit of gallows humor.
Stansberry has tons of newsletters they sell, many of them predicting the opposite of what others do. They seem to have a highly successful business telling absolutely everyone what they want to hear.
That pisses me off. I shoulda thought of that.
TZA Bitchezz!!
You are always interesting to read but weren’t you fully bullish 2 days ago?
I think Tim Cook shitting the bed changed his mind…
Le Fly was bullish until he received a sell signal that blew an XS Max sized hole in the market.
The AAPL downgrade has ripple effects –
the AAPL supply chain got blown up ((SWKS, AVGO, STM, QRVO, LITE))
BBY got blown up
Airlines stocks got blown up
SaaS stocks got blown up
The AAPL story is repeating, always “bring” bad news for the market. Oil is rebounding, Trump could resign anytime, his wall is going no where. If not, the democrates’s deal will make the market happy. And the trade war with China is going to be resolved soon so I think the market as bottomed, if not, it will take 6 months to bottom…
I think Tim Cook is just flexing his gay muscles to the POTUS.
I agree maybe not tomorrow. There are brave bottom pickers who bought the first sickening plunge and who are still nibbling on “value” and still up. And the put/call ratio is up a bit (at least the 10day average). Maybe it has to go up just a tad before the next big down leg.
You just have to figure out the scenario which will fool most people, make the most people utterly destroyed emotionally, so that they turn on their babies, MU, AMD and the rest of their bratty tech kids.
Then that’s the bottom.
Pretty sure everyone is just trying to make it to the weekend and then the pros takeover and buy black gold like no tomorrow. I bet the coke benders on these Tuesday holiday weekends are nutzo.
The next few days are critical. If Crazy Donald accepts one of the compromises presented to him things should settle down.
NUCLEAR OPTION, McConnell allows simply majority 51 votes and it passes. Period
Trump will defend his status as Cult Leader. No deal.
Literally preparing for a leg higher right now.
With massive positions of NFLX, AMZN, SQ, and ROKU
I can tell it’s time to start buying with all the negativity. It’s kinda like Analysts downgrading after a stock is at rock bottom.
Gold and treasuries extremely extended, super negativity out there, we are due for a face ripping rally
Would have respected this call more if NASDAQ Futures weren’t already up 100 points when it was made, but we’ll see what happens today.
Looks like the headlines will be “Jobs!”, even though the rally actaully started well before the earings report. I’m still holding the QQQ calls I bought yesterday, but looks like there is a NFLX short-squeeeze that want to ruin my day.
Still one of my favorite mid-term indicators is block trade Selling on strength:
Leaders:
GLD – $433M (1st)
NFLX: – $152M (2nd)
Meanwhile, funds took adavantage of the AAPL crash, it lead the buying, while SPY was also noatably high:
AAPL: +$560M (1st)
SPY: +$382M (8th)
love how that the talk of having talks about maybe having talks can rip a market. insane but a trader’s paradise. manipulate at its finest.
Normal bear market. Chop & drop.