Welcome Stockaholics to the trading week of June 5th! This past week saw the following moves in the S&P: Major Indices End of Week: Bird's Eye view of the Major Futures Markets on Friday: Economic Calendar for the Week Ahead: Sector Performance WTD, MTD, YTD: What to Watch in the Week Ahead: Monday Earnings: Coupa Software, Thor Industries 9:45 a.m. Services PMI 10:00 a.m. ISM nonmanufacturing 10:00 a.m. Factory orders Tuesday Earnings: Dave & Buster's, Lands' End, Michaels Cos, Ambarella, IDT, United Natural Foods, Canadian Solar, Oxford Industries 10:00 a.m. JOLTs 10:00 a.m. QFR Wednesday Earnings: Brown-Forman, ABM, Greif, Verint Systems 3:00 p.m. Consumer Credit Thursday Earnings: Dell Technologies, JM Smucker, Vail Resorts, Verifone, Cloudera 7:45 a.m. European Central Bank rate decision 8:30 a.m. News conference with ECB President Mario Draghi 8:30 a.m. Initial claims 10:00 a.m. QSS Friday Earnings: Ferrellgas Partners 10:00 a.m. Wholesale trade
Stocks Hit Record Highs; Shrug Off "Transitory" Covfefe In US Macro Data So stocks looked on the bright side of life's terrible jobs data... So this happened today... bad news was great news for stocks as shitty jobs data capping a dismal week for US macro sent equity markets to record highs... It seems fairly clear that Risk-Parity leverage is running the show here on the back of 100s of billions of central bank dollars each month... "Transitory" collapse in macro data... Ugly week for 'hard' and 'soft' data... (soft data is down 6 of the last 7 weeks to six month lows) As Bloomberg's Vince Cignarella notes, a big downside miss by the May jobs report failed to dent probabilities the Fed will hike rates in June, but slow wage growth and tempered inflation reduced odds of further hikes in 2017. While a Fed rate hike in less than two weeks appears virtually baked in, FX and fixed income traders have not fully bought in. The dollar weakened, with the JPY reaching a two-week high, and Treasuries advanced with precious metals after the data showed non-farm payrolls rose by 138,000 jobs vs estimates of 182,000; April’s figures were also revised lower by 37,000 jobs. Some of the weakness in the jobs report may have been due to difficulties adjusting the data for the end of the school year, economists said. All three major stock averages continued to advance. All Greed, No Fear... The short week started off slow, then exploded into a short-squeeze frenzy as US macro data tumbled... Stocks hit record highs led by Utes and healthcare (not exactly 'bullish' growthy ideas) as Financials and Energy suffered... VIX pressed down to 9.58 intraday lows (among the top 10 lowest prints ever)... Trannies and Small Caps bounced off unchanged for the year but Nasdaq just keeps soaring... Factor Tilts immediately after Trump's election are being unwound dramatically... Bank stocks stumbled on the week (MS was unch but JPM, GS, and BAC all down 3-4%)... as the yield curve plunged... While 2Y was unch on the week, the rest of the Treasury complex surged higher in price with 30Y yields 11bps tumble the biggest weekly drop since July 2016 (right after Brexit) The Treasury curve has collapsed with 2s30s at its flattest since early September (and 2s10s at its flattest since early October). The Dollar Index fell to its lowest weekly close since before the election EURUSD was the week's best performer (among the majors), just outperforming Yuan strength... Gold rose for the 4th week in a row with some notable intraday surges... Short week ended badly for WTI and RBOB... extending losses post-OPEC... Finally, there's this... GBTC (Bitcoin Trust) is trading at a Bitcoin equivelent price of $5110!!! a 131% premium to NAV!!?? Borrow anyone?
Here are the percentage changes for the major indices for WTD, MTD, QTD & YTD thus far in 2017- S&P sectors for the past week-
Typical June Pattern: Strength Early, Mid-Month and Late Over the last 21 years the market’s performance in June has been on the tepid side. Over this time period June is DJIA’s and Russell 1000’s second worst performing month of the year. June is the 4th worst month for S&P 600, 6th worst for NASDAQ and Russell 2000. Average performance ranges from a loss of 0.7% for DJIA to a 0.7% gain by NASDAQ (a 16.6% NASDAQ advance in 2000 inflates its average). Based upon the chart above, the first five trading days of the month have been bullish (NASDAQ and Russell 2000), but after that weakness has begun that lasted until the tenth trading day before the market musters a comeback that stalls just after mid-month, at roughly the same level achieved the first five trading days. From the 16th to the 19th trading day, the historical trend has been lower. A month-end rally also fails deliver. Only NASDAQ and Russell 2000 have historically closed the month out meaningfully higher. Let’s Talk June Swoon Posted by lplresearch We all know about “sell in May and go away,” but another investing meme quickly growing in popularity is the “June swoon.” There is some merit to this idea, as historically June has been a weak month for equities, and last year’s Brexit sell-off is still fresh in investors’ minds. In fact, since 1950*, only August and September have had worse average monthly returns; while over the past 10 years only January has been down more on average, as the chart below shows. Here’s the good news: Technicals tell a more upbeat story. Per Ryan Detrick, Senior Market Strategist, “June historically has been a weak month for equities, but the catch is some of the worst drops have taken place when the S&P 500 Index was beneath its 200-day moving average to start the month. When the S&P 500 has been in a bullish trend (above this long-term trendline), June has been higher 59% of the time versus 33% when starting below.” Given June 2017 will start with the S&P 500 firmly above its 200-day moving average, this helps support the likelihood that any volatility could be a buying opportunity. Be sure to read this blog over the coming days, as we will continue to examine the month of June. The First 100 Days For Equities Posted by lplresearch Thursday, May 25 was the 100th trading session of the year for the S&P 500 Index. Much like the first 100 days of a new presidency, this is a nice time to reflect on what has happened, what hasn’t happened, and what could happen next. Two things stand out about the action so far this year. First, the bulls are in charge, as the S&P 500 was up 7.9% as of day 100, the fourth-best start to a year going back 20 years. Second is the lack of volatility. The good news is this is usually a bullish combination. Per Ryan Detrick, Senior Market Strategist, “Going back to 1950*, a strong start to the year for equities, coupled with low volatility, has usually led to continued strength.” Has 2017 been one of the least volatile starts to a year ever? These three stats would back that up. As of 100 trading days, the S&P 500 has: An average intraday range of only 0.56%, breaking the previous record from 1995 of 0.69%. Only had four days close up or down at least 1%, the least since 1972. Incredibly, 1964 had no 1% moves during the first 100 days. Traded in a range (from high to low) of 7.0%, the seventh smallest range to start a year since 1950. The logical question now is: What does a good start to the year after 100 days mean? Going back to 1950, the S&P 500 was up at least 7.5% (like 2017) 23 other times. As the chart below shows, the full year closed higher all 23 times with an impressive average annual gain of 23.4%. In other words, history would suggest a big sell-off, and a bear market starting here and now would be very rare. “With respect to Atlanta Falcon fans, most teams win when they have been up by 28 points in the third quarter. Equities are similar historically; if there were big gains after 100 trading days, the full year tended to close higher. What matters the most though is what happens after a good start the first 100 days. This shows the S&P 500 continued to move higher over the balance of the year 20 out of 23 years, up a solid 9.0% on average,” per Ryan Detrick. S&P 500 P/E Contraction? Jun 2, 2017 Below is a chart of the S&P 500’s price versus its trailing 12-month P/E ratio. As you can see, up until the March 1st high for the S&P, its P/E ratio was trending right along with it. Since then, however, we’ve seen P/E contraction, even though the index has gone on to make a new high. This means that earnings (the E in P/E) have outpaced price (the P in P/E) over the last couple of months. That’s a good thing, especially for anyone who was worried about valuations. Winners Remain Winners, Losers Remain Losers Jun 1, 2017 The average stock in the S&P 500 was up less than 1% in the month of May, but there were obvious winners and losers. Basically, the stocks that had the most upside momentum coming into the month continued to post nice gains, while the stocks with the most downside momentum continued to post losses. We can highlight this trend using our decile analysis of the S&P 500, where we break the index into deciles (10 groups of 50 stocks each) based on YTD return through April. Decile 1 contains the 50 best performing stocks YTD through April, decile 2 contains the next best 50, and so on and so forth until you get to decile 10, which contains the 50 worst performing stocks YTD through April. As shown in the chart below, the 50 best performing S&P 500 stocks through April were up an average of 3.85% in May. The next best two deciles both averaged gains of more than 2.25%. As you extend out towards decile 10, performance in May gets worse. Stocks in decile 9 were down an average of 2.52% in May, while stocks in decile 10 — the 50 worst stocks YTD through April — were down an average of 6.57% in May. That’s extremely poor performance given that the broad market was higher during the month. Will we see some mean reversion in June or will the “trend-is-your-friend” trade continue? May 2017 Asset Class Performance Jun 1, 2017 May 2017 is now in the books, and below is a look at the performance of various asset classes during the month using key ETFs traded on US exchanges. We also include YTD and QTD total returns for each ETF. The Nasdaq 100 (QQQ) was the best performer of the major US equity index ETFs in May, posting a gain of 3.9%. The S&P 500 (SPY) gained 1.41%, while the Dow 30 (DIA) gained just 0.73%. Notably, small caps (IWM) and mid caps (IJH) were down on the month. While the Nasdaq 100 (QQQ) is up 19.5% YTD, the S&P Smallcap 600 (IJR) is actually in the red this year. That’s a huge disparity. There was quite a bit of divergence between sectors in May as well. Energy (XLE), Financials (XLF), and Telecom (IYZ) all fell, while Utilities (XLU) and Technology (XLK) were up roughly 4%. Outside of the US, the three countries that finished deeply in the red in May were Australia (EWA), Brazil (EWZ), and Russia (RSX). All three were down more than 4.3%. Canada (EWC), Mexico (EWW), and India (PIN) were down minimally, and the rest of the countries in the matrix were solidly in the green. Italy (EWI), France (EWQ), and the UK (EWU) were up the most with gains of more than 4.5%. Looking at commodities, oil (USO) and natural gas (UNG) both fell in May, while gold (GLD) and silver (SLV) were roughly flat. Treasury ETFs were marginally in the black. B.I.G. Tips – Margin Debt Hits Another Record High. How Worried Should You Be? May 31, 2017 Margin debt for the month of April was released at the end of last week, and at a level of $549.2 billion, it hit its fourth straight record high in a row. Record levels of margin debt are traditionally considered a negative signal for equity prices as they imply that investors are leveraged to the hilt and everyone that is going to get in the pool is already swimming. Charts like the one below only exacerbate the angst that surrounds record levels of margin debt. Back in March 2000 and then again in July 2007, margin debt levels peaked at record highs and not long thereafter the S&P 500 went on to get cut in half! Also, if you squint real hard you can also see that margin debt looks to have made a peak back in the summer of ’87 right before the stock market crash as well. So, how good of an indicator is margin debt in terms of forward market returns. In a B.I.G. Tips report published today, we looked back at historical levels of margin debt and what, if anything, record levels said about future returns. For anyone interested in how margin debt levels might impact equity prices going forward, this report is a must read. To see the report, sign up for a monthly Bespoke Premium membership now! Looking for Action? S&P 1500 Most Volatile Stocks May 31, 2017 For traders with a short-term time horizon who are looking for big moves over a short period, we have updated our list of the S&P 1500 stocks trading above $10 that have the largest intraday high-low ranges (based on the average percent spread between the intraday high and low over the last 50 days). The stocks are grouped based on whether they have a rising or falling 50-day moving average (DMA). Stocks highlighted in gray are new to the list since our last update. As overall volatility in the market has been vanishing, the percentage of individual stocks experiencing large daily moves in the last two months has also shrunk, and in this month’s update to our list of most volatile stocks, there are only eleven names that have experienced average daily moves of more than 5%. In terms of uptrends versus downtrends, it is interesting to note that of the 50 names shown, just 19 have rising 50-day moving averages while 31 have 50-DMAs that are declining. Apropos of its ticker, the title for most volatile stock in the S&P 1500 this month belongs to Olympic Steel, whose ticker symbol is ZEUS! Over the last 50 trading days, the stock has had an average daily high/low range of 6.0%, although with a share price of just $16.72, that only works out to a range of about a dollar. The highest priced stock on this month’s list is Stamps.com (STMP). With its share price of $135.35, STMP sees an average daily range of over $6. Finally, in terms of sector representation, Health Care has the most names listed this month with 11, followed by Industrials (9), and then Consumer Discretionary (8). Sectors with no representation are Consumer Staples, Real Estate, Telecom Services, and Utilities.
Stockaholics come join us in our weekly market poll and vote where you think the markets will end this upcoming week ahead!- Weekly SPX Poll - Sentiment (6/5-6/9) <-- click there to cast your weekly vote for this upcoming week! In addition we have our weekly stock picking challenge now up and running as well!- Stockaholics Weekly Stock Picking Contest for the Week of (6/5-6/9) <-- click there to post your weekly picks for this week! We also now have a daily stock picking & market direction guessing challenge running here!- Stockaholics Daily Stock Pick Challenge & SPX Sentiment Poll for Monday (6/5) <-- click there to cast your daily vote & stock pick for Monday! It would be pretty awesome to see some of you join us and participate on these. I hope you all have a fantastic weekend ahead!
Here are the most anticipated ERs for this upcoming week ahead (I'll also have the earnings chart posted in here as well once it's ready) ***Check mark next to the stock symbols denotes confirmed earnings release date & time*** Monday 6.5.17 Before Market Open: Spoiler: CLICK HERE TO VIEW MONDAY'S AM EARNINGS TIMES & ESTIMATES! Monday 6.5.17 After Market Close: Spoiler: CLICK HERE TO VIEW MONDAY'S PM EARNINGS TIMES & ESTIMATES! Tuesday 6.6.17 Before Market Open: Spoiler: CLICK HERE TO VIEW TUESDAY'S AM EARNINGS TIMES & ESTIMATES! Tuesday 6.6.17 After Market Close: Spoiler: CLICK HERE TO VIEW TUESDAY'S PM EARNINGS TIMES & ESTIMATES! Wednesday 6.7.17 Before Market Open: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S AM EARNINGS TIMES & ESTIMATES! Wednesday 6.7.17 After Market Close: Spoiler: CLICK HERE TO VIEW WEDNESDAY'S PM EARNINGS TIMES & ESTIMATES! Thursday 6.8.17 Before Market Open: Spoiler: CLICK HERE TO VIEW THURSDAY'S AM EARNINGS TIMES & ESTIMATES! Thursday 6.8.17 After Market Close: Spoiler: CLICK HERE TO VIEW THURSDAY'S PM EARNINGS TIMES & ESTIMATES! Friday 6.9.17 Before Market Open: Spoiler: CLICK HERE TO VIEW FRIDAY'S AM EARNINGS TIMES & ESTIMATES! Friday 6.9.17 After Market Close: Spoiler: CLICK HERE TO VIEW FRIDAY'S PM EARNINGS TIMES & ESTIMATES! NONE.
Here are the updated pullback/correction levels as of this week ending for if this market ever decided to actually pullback from current levels (yeah right lol)-
Has anyone heard of BSquare (BSQR)? I spoke with their interim CEO today, seems like he is changing things for the better. With the rise of IoT, I think they could be a good contender. No debt, good cash flow, but shitty price. I rarely get in on Penny's, but this might be one I'll throw a few bucks at. What do you think?
...and as promised here are EW's most anticipated earnings releases calendar for this upcoming week ahead: ($THO $AMBA $PLAY $JKS $ONVO $MTN $HDS $CSIQ $CVGW $CASY $MIK $COUP $FRED $SJM $LE $FRAN $CONN $ASNA $SCWX) Thor Industries, Inc. $93.64 Thor Industries, Inc. (THO) is confirmed to report earnings at approximately 4:15 PM ET on Monday, June 5, 2017. The consensus earnings estimate is $1.87 per share on revenue of $1.96 billion and the Earnings Whisper ® number is $1.86 per share. Investor sentiment going into the company's earnings release has 71% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 23.84% with revenue increasing by 52.64%. Short interest has increased by 3.4% since the company's last earnings release while the stock has drifted lower by 15.5% from its open following the earnings release to be 0.6% above its 200 day moving average of $93.09. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, May 22, 2017 there was some notable buying of 727 contracts of the $90.00 put expiring on Friday, September 15, 2017. The stock has averaged a 7.1% move on earnings in recent quarters. Ambarella, Inc. $59.22 Ambarella, Inc. (AMBA) is confirmed to report earnings at approximately 4:45 PM ET on Tuesday, June 6, 2017. The consensus earnings estimate is $0.36 per share on revenue of $63.46 million and the Earnings Whisper ® number is $0.39 per share. Investor sentiment going into the company's earnings release has 64% expecting an earnings beat The company's guidance was for revenue of $62.00 million to $64.00 million. Consensus estimates are for year-over-year earnings growth of 20.00% with revenue increasing by 11.03%. Short interest has decreased by 27.6% since the company's last earnings release while the stock has drifted lower by 2.2% from its open following the earnings release to be 0.6% above its 200 day moving average of $58.84. On Friday, May 19, 2017 there was some notable buying of 4,074 contracts of the $70.00 call expiring on Friday, June 16, 2017. Option traders are pricing in a 8.4% move on earnings and the stock has averaged a 7.1% move in recent quarters. Dave & Buster's Entertainment, Inc. $68.64 Dave & Buster's Entertainment, Inc. (PLAY) is confirmed to report earnings at approximately 4:05 PM ET on Tuesday, June 6, 2017. The consensus earnings estimate is $0.80 per share and the Earnings Whisper ® number is $0.84 per share. Investor sentiment going into the company's earnings release has 69% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 11.11% with revenue increasing by 281.32%. Short interest has decreased by 16.5% since the company's last earnings release while the stock has drifted higher by 13.6% from its open following the earnings release to be 30.2% above its 200 day moving average of $52.72. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, June 2, 2017 there was some notable buying of 570 contracts of the $75.00 call and 560 contracts of the $65.00 put expiring on Friday, June 16, 2017. The stock has averaged a 6.0% move on earnings in recent quarters. JinkoSolar Holding Co., Ltd. $18.78 JinkoSolar Holding Co., Ltd. (JKS) is confirmed to report earnings at approximately 6:00 AM ET on Monday, June 5, 2017. The consensus earnings estimate is $0.48 per share on revenue of $780.16 million. Investor sentiment going into the company's earnings release has 36% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 71.43% with revenue decreasing by 7.98%. Short interest has increased by 19.3% since the company's last earnings release while the stock has drifted higher by 11.5% from its open following the earnings release to be 12.6% above its 200 day moving average of $16.67. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, June 2, 2017 there was some notable buying of 2,635 contracts of the $19.00 call expiring on Friday, June 16, 2017. The stock has averaged a 5.2% move on earnings in recent quarters. Organovo Holdings $2.97 Organovo Holdings (ONVO) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, June 7, 2017. The consensus estimate is for a loss of $0.11 per share on revenue of $630.00 thousand and the Earnings Whisper ® number is ($0.10) per share. Investor sentiment going into the company's earnings release has 76% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 22.22% with revenue increasing by 14.96%. The stock has drifted lower by 8.6% from its open following the earnings release to be 10.5% below its 200 day moving average of $3.32. Overall earnings estimates have been revised lower since the company's last earnings release. The stock has averaged a 7.4% move on earnings in recent quarters. Vail Resorts, Inc. $215.36 Vail Resorts, Inc. (MTN) is confirmed to report earnings at approximately 6:45 AM ET on Thursday, June 8, 2017. The consensus earnings estimate is $4.99 per share on revenue of $808.28 million and the Earnings Whisper ® number is $5.03 per share. Investor sentiment going into the company's earnings release has 74% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 17.97% with revenue increasing by 24.84%. Short interest has decreased by 35.7% since the company's last earnings release while the stock has drifted higher by 16.0% from its open following the earnings release to be 25.0% above its 200 day moving average of $172.31. Overall earnings estimates have been revised higher since the company's last earnings release. The stock has averaged a 3.7% move on earnings in recent quarters. HD Supply Holdings Inc. $41.47 HD Supply Holdings Inc. (HDS) is confirmed to report earnings at approximately 6:00 AM ET on Tuesday, June 6, 2017. The consensus earnings estimate is $0.65 per share on revenue of $1.86 billion and the Earnings Whisper ® number is $0.67 per share. Investor sentiment going into the company's earnings release has 57% expecting an earnings beat The company's guidance was for earnings of $0.60 to $0.68 per share. Consensus estimates are for year-over-year earnings growth of 27.45% with revenue increasing by 4.44%. Short interest has decreased by 21.8% since the company's last earnings release while the stock has drifted higher by 0.4% from its open following the earnings release to be 7.4% above its 200 day moving average of $38.62. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, May 31, 2017 there was some notable buying of 3,254 contracts of the $40.00 call expiring on Friday, June 16, 2017. The stock has averaged a 5.6% move on earnings in recent quarters. Canadian Solar Inc $12.80 Canadian Solar Inc (CSIQ) is confirmed to report earnings at approximately 7:15 AM ET on Tuesday, June 6, 2017. The consensus earnings estimate is $0.02 per share on revenue of $579.59 million and the Earnings Whisper ® number is $0.03 per share. Investor sentiment going into the company's earnings release has 49% expecting an earnings beat The company's guidance was for revenue of $570.00 million to $590.00 million. Consensus estimates are for earnings to decline year-over-year by 94.59% with revenue decreasing by 19.66%. Short interest has increased by 25.4% since the company's last earnings release while the stock has drifted lower by 0.6% from its open following the earnings release to be 2.3% below its 200 day moving average of $13.11. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, May 15, 2017 there was some notable buying of 740 contracts of the $13.00 put expiring on Friday, June 16, 2017. Option traders are pricing in a 10.9% move on earnings and the stock has averaged a 10.7% move in recent quarters. Calavo Growers Inc. $70.30 Calavo Growers Inc. (CVGW) is confirmed to report earnings at approximately 9:00 AM ET on Tuesday, June 6, 2017. The consensus earnings estimate is $0.63 per share on revenue of $258.58 million and the Earnings Whisper ® number is $0.65 per share. Investor sentiment going into the company's earnings release has 65% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 12.50% with revenue increasing by 17.37%. Short interest has increased by 27.7% since the company's last earnings release while the stock has drifted higher by 39.6% from its open following the earnings release. Caseys General Stores, Inc. $116.37 Caseys General Stores, Inc. (CASY) is confirmed to report earnings at approximately 4:10 PM ET on Monday, June 5, 2017. The consensus earnings estimate is $0.89 per share on revenue of $1.89 billion and the Earnings Whisper ® number is $0.89 per share. Investor sentiment going into the company's earnings release has 44% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 25.21% with revenue increasing by 19.40%. Short interest has increased by 15.7% since the company's last earnings release while the stock has drifted higher by 7.5% from its open following the earnings release to be 0.5% below its 200 day moving average of $117.00. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, May 30, 2017 there was some notable buying of 2,242 contracts of the $110.00 put and 1,124 contracts of the $115.00 call expiring on Friday, June 16, 2017. The stock has averaged a 4.1% move on earnings in recent quarters.
ShadowTrader Video Weekly 6.4.17 - Sectors, Monthlies, Seasonality, Bearish? Video from ShadowTrader Peter Reznicek
Hello! New member here just signed up to the forums but I am a long time lurker of this site. I just wanted to send my thanks to @bigbear0083 for creating this thread. I think this is one of the greatest weekly starter threads for overall stock market discussions I have seen on the web. I am a member on a couple of other stock market trading communities and honestly nothing even comes close to awesomeness of these threads. Lots of great information to get me started on the new trading week ahead. Very cool. Great job bigbear! I am kind of surprised that nobody ever hits you up with any likes or thanks you for these threads but I certainly will. It looks like you put in a great deal amount of your time and effort into it. Your hard work and dedication shows. Keep it up and thank you again!
wow thx a ton for this man! gotta admit but reading this just made my afternoon ... it's posts like these that really fuel the fire ... really greatly appreciate your kind words! welcome to the forums btw and i sure hope you'll stick around! this is by far the most close-knit community i have ever been apart of personally ... and i've been with this community ever since 2006
Definitely have to second this. I may not be as active as I want to at the moment, but really appreciate the amount of raw data that is put in here. I think its easy to take it for granted sometimes, but you absolutely deserve heaps of praise @bigbear0083 !!
thank you very much @twerpner coming from you that really means a lot to me sorry if i don't share much in the way of trades (ideas/setups/etc) and/or chart analysis here like i used to back in our HSM days ... truth be told i am not actively trading anymore ... haven't for a few years now due to personal reasons ... i am mostly a market observer now ... but if i see a really nice chart setup i may jump in for a quick trade ... but those opportunities have been far and few between for me ... i sometimes (very seldom though) will dabble in futures ... but the truth is that i really have no skin in the game right now hence why i don't really contribute much on our company specific threads like i used to a few years back ... however, i still try to have these threads up every week, and run all of those daily/weekly market polls/stock picking competitions as i know it keeps members engaged in the forums and coming back daily that being all said, i am hoping to make a semi-return to trading perhaps by this fall or winter ... we'll see how it goes ... unfortunately i have been swamped with work ... and also caretaking the nephew during the week to boot ... doesn't leave a whole heck of a lot of time for trading ... but yet i still try to come around and run all of these threads as i am huge fan of this community ... having been a member here since as aforementioned 2006 (yes, over a decade long now!) really love this community and would give anything to keep this place going thank you again for your awesome words! you guys seriously rock
hmm ... anyone experiencing issues with tos? globex usually opens 6pm eastern time ... but nothing is moving ed: nvm ... all is well now
I agree with everyone, this thread is always a great start for a new trading week, thanks for your work here Cy
