Yep. SPX hit 4284 this morning. So, it seems it was about the jobs report and not the nuclear plant fire issue in Ukraine. Hmmm
here is the quick sneak peek at next week's notables on the ER front for any for you's lookin' 'round for that. have a great rest of your friday and weekend ahead folks!
I did get back in DRIP at $2.90, I doubt I catch the exact top for oil but with crude at $115s I feel like the risk reward is pretty good here Commodities just continue to be on fire, gold might catch $2000s I guess if we don't get positive development in Russia and Ukraine anytime soon
Agricultural and fertilizer stocks continue to be on fire, names like ADM, BG, MOS, NTR and CF, etc. are all on a tear lately
Gooooooooood Friday evening and a happy weekend ahead to y'all's Stockaholics community! In case any of you missed it here earlier today, here are the most anticipated earnings releases as well as the highest volatility earnings releases courtesy of Earnings Whispers for next week: Meanwhile, here is the trading week ahead thread which is now up on Reddit for anyone looking for a quick read over this coming weekend: https://www.reddit.com/r/StockMarket/comments/t6zr2i/wall_street_week_ahead_for_the_trading_week/ <- (click there to read!) Have yourself a wonderful weekend everyone! And here's to another awesome trading week ahead! Get that moola! Will catch up with y'all's same bat time, same bat channel bright and early in the AM on Monday. Unfortunately I will remain largely MIA from the day-to-day action here once again for this coming week ahead as the IRL turbulence kicks it into another gear for me. Hoping it calms down soon enough but not letting up quite yet sadly. :/ Hope y'all's been enjoying the nice two-sided market action this year thus far. This is definitely more my kind of market as opposed to last year's largely mundane price action, to each their own I suppose haha. Shame I haven't been around much to trade it except for a few trades that knock on le wood were nicely profitable. Have fun, and will catch y'all's in the new week.
happy 13 year anniversary of the GFC bear market bottom today haha. i can't believe it's already been 13 years here was the cnbc vid i had recorded from that day and uploaded to youtube. to my surprise youtube never took it down haha.
I think because of the war in Ukraine. Russia is considering halting fertilizer exports (see https://www.wsj.com/livecoverage/ru...nding-fertilizer-exports-8gJNAaRR7PBi6HvV4T3o) and I thought they were a large supplier of potash and/or phosphate. Maybe I'm wrong. Last week I had spent some $ buying NKE, SHW, and LOW because I thought they were cheap, which they are, and would grow. Seriously thinking of selling what I just bought and buying any 3 to 4 of MOS,NTR, OXY, GD, NOC. All are up quite a bit since the invasion began and while the big jumps are in the past, I would be happy with a modest (5-13%) short term gain. I would then rebuy the NKE, SHW, and LOW shares which will likely still be fairly cheap.
S&P futures down by 1.75% so this is looking to be a crap day overall although EQT (45% of portfolio) is up in premarket trading by 4%+ so I think I'll be in the green for the day as a whole. I'm likely planning to dump at least a couple of VOO, NKE, LOW, SHW and replace with MOS, OXY, and NOC. That will leave me with natural gas (EQT), agricultural inputs (MOS), oil (OXY), and aerospace/defense (NOC). I could throw GD (General Dynamics) in there too. My son-in-law to be works for them and it's up a bit since the invasion.
Top of the morning Stockaholics! Happy Monday to all of you! And welcome to the new trading week and a frrrrrrrrrrrrrrrrrrresh start! Here is a quick check on those futures as we are 3 hours from the cash market open. GLTA on this Monday, March the 7th, 2022.
Morning Lineup - 3/7/22 - The Market's Case of the Mondays Mon, Mar 7, 2022 It hasn't been a fun morning for equity investors around the world this morning as futures have been in the red everywhere you look. German stocks, while currently off their morning lows are currently on pace to close in bear market territory. Here in the US, futures are also lower, but well off their overnight lows. The Russia-Ukraine war continues to drive headlines, and the place it is being felt the most is in crude oil prices. While prices of WTI still remain elevated at a price of more than $118, they actually briefly traded as high as $130 in overnight trading. How desperate is the market for additional barrels of oil given the disruption of Russian supplies? This weekend, US government officials actually visited with the Venezuelan government in an effort to boost ties with a country we cut off diplomatic relations with back in 2019. Mondays (or the first trading day of the week when Monday was a holiday) have not been friendly to bulls this year. In the nine weeks so far this year, the S&P 500 has opened the day lower seven times by an average of 0.54%, and today looks like it will be the eighth). The rest of the week has also been negative, but with an average gap lower of 0.03% for all other days of the week, Mondays have been notably weak. While stocks have opened the day lower to kick the week off, selling hasn't necessarily followed through to the rest of the trading day. After opening down by an average of 0.54% to start the week, SPY has averaged an intraday gain of 0.42% with positive returns just over half of the time. That compares to an average intraday decline of 0.20% for all other days of the week.
negative! nah i missed my short entry on that half-hearted bounce back the other week haha. admittedly have just been sitting this move out and kinda just chillin' right now. actually thinking i may just monitor rest of the way and not put on another trade this year (possibly, but not likely tho lmao) as i'm going through some IRL heartaches atm. don't like forcing anything if i don't need to. so, just kinda watching it here. maybe if there's another decent bounce attempt i'll look at another short spuz entry as i do think the lows on this move are not in yet (far from it if you ask me!), since the auction in the spuz in the market profile was not ended properly as the current correction low in the spuz was made in the ETH (extended trading hours) session and not the RTH (regular trading hours). most times than not that doesn't mark the absolute end of the move. additionally, we never really got that "washout day" if you will. where the majors smash down some 3-5% across the board in one day kinda thing. so still looking for a retest of the correction lows personally. others may disagree or feel otherwise, but to me, this pullback while has been notable, still feels very "orderly" if you will. that to me does not signal true market bottom. could be totally wrong, but just my 2c there haha. hope guys all having a nice kickoff to the week here! and also a bigly thx to SJE and T, i got my old classic name changed back! ...but wait, there's more! also got my classic avatar added back for good measure as well haha. feelin' like old times for me now
The SPX at 4225 now Monday pre-noon [PST]! So, this is the territory for entering some long positions for me
Found on Twitter (https://twitter.com/RobinWigg/status/1500059906568826882) Read the bottom lol. No wonder this pullback has been so orderly and VIX hasn't hit 40 yet. No sense in fearing Armageddon.
Yep and I wouldn't be surprised to see those fertilizer trades would last longer than the oil trades, I had CF and NTR before the war started and both of them up 50% for me, too bad I didn't put too much money in them
I am still waiting for a big washout day. Today was more like a washout day but still not enough panic just yet
Gold did hit 2000s it seems like, quicker than I thought Got a little lucky on the DRIP trade, oil was up but I guess the general market dragged down energy stocks in the middle of the day too, got out at $2.98
