fucking biotech and financials have been straight up since the election, so has material stocks, and stocks dealing with infrastructure. the institutionals have been moving money around trying to get re-positioned for a trump presidency.
Canadian weed LPs blasting off early. I didnt expect them to explode like the US penny stocks. Holy mackerel. I am thinking this type ish only happens once. I only wish I had more funds to throw at this thing.
I am hoping oil will rise from the 4 month low on Monday for the next two weeks until a couple days before the OPEC Nov.30 meeting. Of course crude price reacts to a number of unpredictable binary events that happen multiple times a week, and not really suggesting I know what Im doing, just wanted to put another prediction on record and see how good I am.
oil had a look below and fail(its when the candle forms a hammer around a support point on a chart.) , usually look below and fails lead to a big move in the opposite direction cause the old saying âfrom false moves comes fast movesâ is always true.
im also in oil, im playing it through the triple levered ETF UWTI.
you see that third to last candle on the right of the chart, that was the signal right there, that hammer. you can see thats a strong support point, it has held it since august.
http://finviz.com/fut_chart.ashx?t=CL&cot=067651&p=d1&rev=636148515654505878
I just figured that oil was not as beholden to the typical technical analysis with all the constant news/binary data coming out drowning out the classic short term speculative signals. I am guessing I am totally wrong on that though, huh? Still follows the same rules with commensurate success?
When I started out this summer, I had tried to get into UWTI but my broker got the kid gloves and blocked it. I only seem to have access to 2X options. What online brokerages are the best? Do you rely on online broker for research tools or do you have a separate software? Best software?
i noticed alot of times, there will be âcoincidencesâ between techincals and fundamentals/news happening at the same time, its so wierd its scary, it feels like stocks price action can almost predict the coming news. but of course the stars dont always align like that and thats when the most amount of people get burned. thats why its smart to not enter a trade right before a binary event imo.
i use fidelity as my brokerage. they initially lock options and the ability to trade triple levered ETFs, but if you go through the e-agreement, you can trade the etfs. as for options you can apply and will get it as long as you have a high amount of cash.
but the most popular one is TD ameritrade.
as for research i learned alot from shadowtrader.net and watching the daily videos posted by revere asset managment. both of those entities put out very informative/insightful info on daily/weekly basis.
Looks like UWTI and DWTI to be delisted.
I had to look up what a short squeeze was with the crazy action going on with the container shipping Co.s. Up like ~1000% in the past 10 days, DRYS dropped ~80% today. Premarket bounced but I am guessing I will stay away from this sector while it bleeds out (I really have no clue what to expect). Lots of interesting stuff to sink your teeth into with this stock stuff.
Is it time to dump all my money into the volitility indexesâŚ
good luck. at the pace we are going, i wouldnt be surprised if we hit new all time highs in the S&P before the year is out.
What are the volitility ones for DOW and NASDAQâŚ
I have no plans of entering this market. In fact, if I could do anything, I would short the market over a 6 month period (I donât know how), because the traders are completely off the rails right now.
First they say Trump will be a disaster for the economy, now theyâre partying like its 1999 again. Makes no goddamn sense.
Do they really think heâs going to keep rates at .25 and continue QE?
I dont really know what Im doing but the market is serving me very well right now. I am very lucky that the three subsectors I am in are having staggered rallies. US weed stocks went parabolic and now in full meltdown, Canadians then went parabolic right afterwards and now in a major correction, and oil just popped (as expected) on optimism regarding the 11/30 OPEC meeting. I think the Canadians are going to have a second insane rally running up to the Apr 2017 pending national legislation, so I will be looking for the bottom here as an entry point and I will be going in hard. Depending on the oil action I will decide what to do with the crude holdings next Mon/Tues.
In the event that the âamerican dollarâ bubble pops, how do I protect myself from not being able to buy anything?
Isnât that what investing in gold and silver is for?
Yeah bit once everyone views those as just pieces of rocks and nothing more then what? Also:
Gold current at $1,190
Will gold fall below $1,000
Unless society completely collaspes to where there is no longer a global economy and we go back to trading goods and services for other goods and services, I donât see people not valuing gold and silver. And once society bounces back and we go back to using currency then we will likely use gold and silver as currency. So gold is always a solid investment to protect against inflation.
Top 1% Warren Buffet already said that stocks are going to continue to raise. That should be warning signs that a crash is going to be happening.
Markets even tanked when Janet Yellen said that a rate increase would happen âsoonâ.
(Warren Buffet is a long term investor that made his millions by buying stocks after crashes. Profited generously back when Obama bailed out wallstreet.)
Right now I think the markets are a trap to get the independent investor and/or setting up for a massive crash for Trump.
At any rate Iâm just going to be watching what happens and see if the Dow crashes to 8000 some time in the next year.
General advice is having 10% of your assets in Gold or Silver. Another option surprisingly is Bitcoin.
(I dont like the idea of bitcoin so I shy away from it. Another thing is its considered property and not income in the US.)
If anything, the American dollar is only going to raise in value once the federal reserve increases interest rates along with euro investors jumping ship to USD.
All in all, holding cash is looking to be a good idea right, imo.
Iâm sure some sharp traders in this thread have made some quick bank in this farce of a stock market (I havenât really gained or lost anything), but there absolutely NO reason to have a Dow of 19500. NONE.
Sheep.
Yeah, I donât get it. Market is up on the general principle of Republicans = less regulation = good, but every time Trump opens his mouth about something specific itâs about busting heads and that sector takes a dive.
yup, then you just buy it on the dip and it goes up anyways, welcome to the santa claus rally.
ive been in AT&T for a while, telecoms in general have been on fire.
the only weaklings right now are biotech and tech.
buy banks on any decent pullback, those things will continue to move till year end imo.