Stock Market Today: June 11th - 15th, 2018

My bad guys, my original post was correct actually, 9 pm eastern but 3 pm for me here in Hawaii. Sorry guys, state holiday here today and I drank too much last night

 

You confused us man ...
ok 9pm eastern time ... hope to hear great news

 

I know haha, I apologize slept late then I had to do those calculations on those time zone haha and I confused myself too lol. Again my bad guys, yes 9 pm Eastern

 

White House economic advisor Larry Kudlow suffers heart attack, Trump tweets

https://www.cnbc.com/2018/06/11/whi...kudlow-suffers-heart-attack-trump-tweets.html

Hope he will be ok

 

Trump, Kim shake hands to start historic summit in Singapore

https://www.marketwatch.com/story/t...start-historic-summit-in-singapore-2018-06-11

 

I heard a comment today that shows how politicized the Fed has become and the forward risk it carries with it. A commentator made the remark on how the Fed is likely to hold off tomorrow and move in its September meeting until it sees what is made of the Italian budget.

It's not as though the Fed only acts only on international developments, but since 2008 the Fed has been held hostage to international affairs, which is not what it was originally intended to do in 1913. The Fed was instituted to alleviate stress in the domestic banking system and act as a arbitrator of capital (commercial paper), independent of fiscal mandates, policies, etc. When the Fed was drawn to back US government debt because of the US entry into the first and second World War, it gave up part of its independence which was one of its most prized powers. This was not evident for over 60 years because the entire world was immersed in a growth cycle driven by checked capitalism (for the most part). Because mistakes were not accepted in 2008, and the crisis was prolonged though cheap financing to allow sovereign nations to survive under socialist agendas, the Fed has been drawn to a point were it relies more on international than domestic developments to draw its policy; therein lies the risk no one can possible quantify and we face going forward. The Fed is in no capacity to bail other central banks. IT can help them for some time, but that will no longer be feasible once the Dollar rises in net value.

It's not secret to the Fed knows this. In fact, they know it too well. But when will it decide that a new path must be forged?
No one can indefinitely contain the value of the Dollar. Why not accept the current system is unviable and push for global reform that indoctrinates much of what worked before with checked and limited regulation sooner rather than later?

 

Hey all, i havent vetted this yet but streaming a podcast i listen to on the regular. Good dudes. Its called options bootcamp.

But they are interviewing a couple guys from tradestation. Ever heard of them? They are offering free trades for life to veterans and now even first responders. Goes for stocks options and not sure what else. Its on episode 73 if anyone wants to check it out.

Ill check them out sometime between now and next monday. But figured i would spread the word. ✌!

 

ntnx finally with the huge move up, labu moving, twlo up almost 3%, nice day for me so far.

i do regret getting out of twtr though, holy moly!

 

Closed my 2,286 shares at 13.83 just now - small gain.

 

I will wait till the FED tomorrow before making some trades, didn’t do anything today If the market don’t selloff this week on all of these global central banks meetings, then I think we will see new ATH at some point this summer

 

Time Warner shares shoot higher after judge rules in favor of merger with AT&T; other media stocks gain

https://www.cnbc.com/2018/06/12/tim...-judge-rules-in-favor-of-merger-with-att.html

 

ZTE shares drop 39%
https://www.bbc.com/news/business-44463976

trading in the firm resumed after a two-month suspension.
The share falls in Shenzhen and Hong Kong were widely expected.
ZTE paying a $1bn penalty and hiring a US-approved compliance team. It will also have to replace its management board.
US Senate leaders from both side of the political fence are expected to vote later this week on an amendment to a bill that could block the agreement between the Trump administration and ZTE.

 

At the bottom of that Pre-Market list is AMAT and LRCX. Albeit that was on low volume and didn't materialize once the market did open, watch out on the semiconductors. Even MU still finding resistance at $62.

 

all the while amd is powering through continuing its uptrend momentum from earnings. i may take profits soon, still on the lookout for 2800 spx.

ntnx on the run again today, im loving it.

 

Anyone else see this little propaganda piece put together for KJU and start thinking about asia pacific ETF's??..... MCHI and EWY stand out... Any others to consider?

 

maybe KJU can finally get a good haircut....