speaking of oil....another 2%+ move today....caught a small portion of it....every little profit helps... I might be wrong but I think the last time we were this high was back in 2015
Truthfully, I think we're being played on Syria....Trump wanted to get US troops out of there, so why would Assad hit his people with poison gas knowing that would anger and keep US troops on the ground there? I am starting to think the rebels did it to keep US / NATO support in the area. Oil pulling back...wall street must have read my post...
unless ndx and spx can break the 21, ill keep my hedges on, but i might have to stop selling covered calls on mu and labu starting next week, they starting to look strong.
Looks like they are wanting to go up for earnings. But, it's risky buying long at this level--although ultimately may be profitable. Buying at 2600 or 2610 or even 2620 would have been worth it. But this is not a good location. I mentioned 2550 to 2600 = excellent buying range and 2600 to 2650 = not a terrible buy range. In this environment, 2620 would have been much more attractive and sensible than 2640
I think CNBC says that oil price is at its highest level since December 2014 Oil stocks might finally be worth owning after lagging other sectors badly for the last few years
It is an unofficial start but many people consider it as the beginning of the earnings season when the big banks start reporting this Friday. It will be interesting to see whether the companies will deliver on Q1 earnings since expectations are pretty high due to the tax cut
range bound markets are range bound! although the daily moves up and down have been large, this market hasn't really gone anywhere for the past month (in fact we're almost exactly unch'd on the SPX since the march 22nd close ) wonder what direction this POS market decides to take once it's ready to move. i still think we haven't seen the lows yet.
Good Thursday morning to all. Here is this morning's pre-market thread for those wanting to get a quick read in before today's open- <-- click there to read! Hope everyone has a great trading day ahead today!
