As a contra-indicator? A bounce? Yeah...but for that to have a chance of setting up it has to be equity specific doesn't it? When the entire sector suffers from the same sentiment it's hard to get any bounce going....even the whiff of a hint of one gets sold (heavily) into...like right now...the sell side is stacking the ask (again) and the bid is being pulled lower...now at $14.09. Did I say something about another boat-anchor being attached to Poochies collar? I suspect the next stop is yet one more visit to the low $13.90's...possibly lower. Not necessarily today...but that seems where the trend is going...and if that level breaks this time 'round...then I suspect a trap-door down to the $13.30's.....in any case if $14 fails I'll be playing the short side game....
Yet another day where the individual charts of the sector participants can be overlaid on top of each other and you'd see only one chart. Including the XLF. This tells me the market ain't lovin' the sector....not at all....bid $14.10 and about to collapse again...
Holding BAC back? HA! Only if you're the one stepping on the bid here at $14.13/14. Because that seems the stall-out point for any bounce...at least...for now...setting up to attach another boat anchor to the Pooch perhaps?
Nice! I never quibble over profit.....had done similarly at .58....bid then went north of .60 but I see it's pulling back now...but to .60. I can't go back in since I view the ~$13 line as a major resistance...the short game at that level might be the better play...but for now I think I'll just watch it. ;-) G/L! Meanwhile...BAC continues to have trouble getting out of its own way....bid $14.14...
The beat-down continues....bid $14.08 but trying to bounce...now $14.11 (as I type). Tell me we haven't seen this movie more than a few times?
Yeah...here's my problem with the Pooch...that 60 day chart is looking more and more like a double top (for the year?) setting up....a confirmation on it will have the bid walked back into the low $13's. It comes to this...we're half-way thru 2016 and this is (so far) the best effort the paper can muster for the year? Did you say ugly?
You may have jinx yerself with BAC (I presume you went long?) ....MU, though..from the long side is interesting...thought it's freighted with all the Inotera "stuff." For now I'm having troubles summoning up buy side enthusiasm for either equity....but maybe it's because summer is approaching, the day here in the NYC area is shaping up to be beeuuutiful...and me I wanna go outside and play? ;-)
YANK! What a surprise, eh? Bid $14.24 and heading to the teens....again. It comes to this..we're looking at the dog days of summer...we're also looking at a market the pundits and "high priest" of which are exclaiming that the it is very overbought and "toppy." Line that up against a 60 day chart whereat you can see indications of a double top in this pps and....well...anyone wanna play the short game here? ;-)
Okay..session starting...let's see if it starts the same way as the last 3...that being a YANK down into the $8.50's followed by a rest of day recovery? If not...well....maybe that's a tell for the intermediate term? Bid $8.73...
Cheyn: Okay I'll give you a pass on the statement of "....a smaller annual increase than what had been occurring before Obamacare became law." But it's all in the perspective isn't it? This benchmark 4.4% more expensive begs the question....4.4% more expensive from what beginning basis? The ACA (Affordable Care Act - let's call it by its name) initiated basis? Or 4.4% from the average costs consumers endured before the ACA was engaged? Perspective, it's all in the perspective. This is not meant as a criticism. I'd sooner see healthcare for all americans than spend untold trillions on weapons systems that cannot be used (and such). It's only to say that in all fairness some American's premiums jumped to the moon, while others not so much. Some squealing being heard is legit....but hell....anybody got a better way of making sure all of us (Americans) have health care?
Now on to the market game!
And so it begins (or expands). That being the general realization by Capitalists that there's "GOLD in them THAR ALTERNATIVE ENERGY, RENEWABLES, sector GOLD I TELL YA!" Elon Mush, et.al., may have been the "gatekeeper" on the realization but now that it's beginning to sink in you can look forward to a rush by all Capitalists, hell..by all parties inclined to self-interest and greed, into anything and everything smelling of such potential. It's the way the system works don't'cha know? And in this instance I don't have any issues with them developing it, either....
Meanwhile...looks like Master is setting up to walk the Poochie lower...PM bid $14.32...
HA! All politics suffers from that particular malady. It's kind'a what drives them into it as a "career" doesn't it? Perceived outrage that they wish to address....personally...with sufficient backing of course.
It's one of the reasons I lean towards anarchy as a favored political rational....but also one of the reasons I don't lean too heavily. Anarchy and Narcissism have much in common at a certain baseline level. And all Narcissists are insufferable for me.
In all honesty I hew to the George Carlin school of politics. It's all a freak show in the circus we call life; and as Americans we have front row seats to all of it. So enjoy the show, and be sure to duck when the pies are thrown. ;-)
Closed my short a bit north of .30, then was diverted by other tables. I've come back to see that Master has let the Pooch get back to $14.42? Hmmmm...here we are entering the final half hour and that's it? What're the odds we'll get yet another session closing yank? The bid/ask is kind'a balanced right now..so it might not happen...but just for giggles I rate the probability of an end to close yank at ~70%. But since I got lucky with the short I'll not test that luck by putting money where mouth is. I'll just kick back, put the feet up, opening up a favorite beverage and.....watch. There's always tomorrow....
Joe: Oh relax. The 'ol canard of socialism/communism is just so tired and 20th Century. And flat out wrong. A smoke-screen for ignorance, continually thrown out there like an Indian blanket on a fire, to divert attention away from all the ills this country faces. Like how everyone keeps being.....messed over....by the elites who rule this country. The reality is yer average gun-tottin' American (heh) wouldn't recognize socialism/communism if it reached out and slapped them across the face with a Walmart sold Chinese made glove. Welcome to the 21st Century by the way. ;-)
Here's the problem with the space. More and more it's a case of everyone and their "mother" in the sector having a cancer "cure." I generalize a bit, but I trust you get the drift? Don't get me wrong, as an average everyday citizen I consider this a good "thang." It's only to say from a speculative investing point of view...well...it's a bit more problematic ain't it. Which means...come to think of it....rifle shooting plays is probably less conducive to a happy ending (for said investor) than simply plunking yer monies down on the associated ETF? But don't listen to me because I like to trade and such. But if it ain't yer cup of tea..or don't have the time and inclination to track things obsessively.....an ETF might be the best thing?
Just some thoughts while watching ARIA's bid break its 5 session downtrend line by sitting at $8.81.,,.,let's see if it sags from here into close or not....
Minch: LOL! Ummm...sorry....I feel your pain? ;-) Anyway...there's a name for such threadsters. Trolls. The basic rule of thumb out here in cyberspace? Don't feed the trolls. Heh! Don't feed 'em and they'll go away. I use the ignore function liberally.
Anyway....always juxtapose what you know to be real, the process (for instance) against anything written about that which you're tracking. There will always be the pumpers. There will always be the dumpers. It's the nature of self-interest in this game, one driven by greed and avarice. The saving grace is by their actions they reveal their nature. The rest? That's up to you. It's why it's called a market.
Anyway....while I consider the recent news out of ARIA informative in the positive sense I'm under no illusions that this is setting up for a quick moon launch. Far from it. As a trader I lightened up my position north of $9..and am now looking for an entry predicated on a resolution of the current churn phase it's in (bid now $8.75). But disclosure, I'm trading around a longer term, speculative basket built at a lower (from current pps) basis. My time horizon on that basket...given what I said earlier as well as where ARIA is within it? ~5yrs, give or take based on anything news worthy to come. But suffering no illusions means I'm only using monies I am willing to "bet and lose" completely. At least...for now.
Let's see what happens next. G/L to you!
Not to get into this but yes indeed. I don't thing the Trumpster quite gets that running for the Power Oval is a bit more than a Reality TV experience. Politics played at that level is a blood sport. He might think he's been all that in the "Mr Nasty" department but he don't know from nasty yet. Say what you will about the Clintonistas and the Dem's, and personally I despise them, but they've a machine that's been restrained by normal protocol and such. The Trumpster, by his mouth and process debasing actions, has removed those restraints. The machine recognizes that all past rules are suspended, and it's now free to do dam near anything it can dream up. Nasty? We ain't seen nasty yet. But I suspect it's coming...The citizenry in the (media) colosseum are in an uproar and looking for carnage and spectacle to end in bloody death. And the gladiatorial actors will give it to them, too. If the citizenry are lucky the combatants will even salute them with:
"Ave, Imperator, morituri te salutant!"
So it goes in Rome.