the move in the spx is like the move in gold...gold on a tear again today. will spx follow? banks are still weak and many other indices never reached the levels the spx and ndx have, so I'd say not but who knows. getting some qid here. yen about to go to new highs? knocking on the ceiling. dollar sitting on support. uup $0.2 away from Aug 15 support bottom. yields still downtrending
I remember you calling out SSYS being below book value too, back then. It's got an inverse head and shoulders setup.
Silver rallying 3x as hard as gold and it's worth noting that Silver has been LAGGING gold for the past three months. So it looks like gold will stay sub 1300 even with a rallying silver, and then once silver runs out of steam will gold and silver resume their declines. NEM is at 2 year highs though on upgrades, so that's good since I've been long NEM for a while.
Glad I got in AG last week (while on vacation!) when it used the 20-day average. MBLY made a nice move today
New here.... first post Thoughts on TSLA for the rest of the week? Was up 8 then news of recall went red then got back in the green till the end.
I'm honestly unsure. The fact that there was a recall for a seatback (which is a safety issue) and the stock didn't drop really confuses me. I would leave it as a hold if you're a current owner of the stock. I couldn't possibly short it because it should have dropped on the most recent two bad news (didn't meet demand on current models, safety recall) so who knows what will cause it to drop. I also couldn't buy it because it seems like most of the news coming out the last few days has been bad news, so there could be a better entry point in the near future. Hard to read it. Also, welcome to the forums!
Seems like market really wants to go down and looking for an excuse to do it.Even rallying oil couldnt help much today and on Friday other than resulting in temporary increases which fade away within the same day. GAP's ER sucked and almost all mall stocks went down brutally with it and some continue to do so. Once oil stops rallying things can get ugly again.
Agreed. I'm ready for this market to roll over again and when it does, it seems very likely that 1800 will be broken and we enter a bear market this year. The good thing for a short here is that if you're wrong, the pain is minimal compared to the gains. If we break out to ATH's then shorting is a clear no go. One has to ask, why not be short here?
