Here we go! SPY down below support, now trying to test it as resistance. Im going to dabble with a ES short if it fails to get back above.
verizon bounced off that 50 day like a champ, will hold this for probably a few more days and see how it acts.
Eventually someone is going to predict that and they'll be right. And then, they'll be on every TV show as the guy who knew. And they'll make a lot of money. And the next time thy predict anything, they'll be wrong.
We’ve come up a long way off the bottom. I’m thinking we need some breathing room here before heading up further.
Funny...! I think the current trend now is the debt being pushed out - much like refinancing your car from 5 years to 7 years, to lower the payment. You make things easier temporarily, but stretch it out for a much longer timeframe. Then add in the QE inflation and losing most of the "methods" the govt has to help the economy (because they've already used them) and the fact that our debt is around $78T, you have a recipe for disaster. But a lot of other countries are in the same boat. Another war, another ramp up of the presses...how long can it last? The market is already overvalued. Global economy is shrinking. It could crash. It could trend sideways for 20 years, it could go up...who the hell knows?
yea i cant either, thats why my first ever stock i bought when i started in the market was T, i still hold it to this day, but this VZ is just a trade, looked like a good play, lets see if verizon comes back to screw me because they know i hate them, lol. i was grandfathered in for a while with them, unlimited internet was nice, but the old bill is more expensive than the newer plans.
China's Indexes are up roughly 10% from their recent lows while Japan's Nikkei is down under 16,000 from its recent high of just over 20,000. China looks like it is rebounding while the Nikkei looks like it is in a new downhill trend. DAX also bounced roughly equally of what China's Indexes did as well off their recent lows. DAX though is down over 20% off their highs from last year.
Crazy how oil these days trades like stocks. Trading oil futures with 5% daily moves can bust your account or make you rich overnight.
