so the spx's avg. daily move goes sub +/-1% again ... are we about to enter the summer doldrums soon? markets seem to be calming down after the past couple of months of heightened volatility. i guess it's no surprise with the markets starting to break the downtrend from the jan. peak.
gotta give some mad props where props is certainly due here ... but a shout out to @anotherdevilsadvocate for calling the dollar rally a few weeks back. the dollar index is now back at late '17 levels. that was a nice call marcy.
Looks like we're heading for that gap fill from 3/16, take us up to ~2760. Planning to go short once we get there, right now.
Continuing the momentum from Friday (day after Apple's ER). Drift the prices up and trap the retail traders. The volume has been low.
we are peaking our noses out of the woods, looking towards the moon, lol. i like that level as a short level too at 2760, of course i dont really short, so ill just be taking some long positions off to build some cash once we get around those levels.
Anyone got some oil stocks before the huge runup? Looks like I bought some shares of OXY back in 2015 in my long term portfolio, finally making some money after those terrible years for oil stocks
while the spx appears to be breaking through the downtrend, check out the small caps index now less than 1% away from ATHs with the nazzy not too far behind
Yeah pretty amazing indeed If the recent dollar strenght to continue, small caps probably will continue to outperform the big caps
Yup, bought some HP (Helmerich & Payne) 4 years back and kept averaging down and selling covered calls. Last couple years also buying spreads and selling into interim rallies. Never really believed prices wouldn't some day rebound and HP is a solid divy payer (45 years aristocrat).
Speaking of oil... This one is interesting, if you want a little controversy with your cash I don't talk about it much.. Bought it the day after we bombed Syria, and im up 30% already
Ford is up after temporarily stopping production of their F150. Not surprised since Tesla keeps missing production goals but moves up. Do investors even want their companies to make cars? lol
X ( US Steel ) up 4%+....was watching, but went over to SPY & /CL instead...mistake... 36x or 35.5x options would have been a nice buy
