hey..just checking in..seems like the market liked the oil rally. Some have said commodity prices need to stabilize..its one of the worries in the recent equation. Icahn helped by taking a stake in freeport mac. Overall looks good but the big september question is rocking the boat...take care everyone. the semis closed near the highs by the way. good for tech
If we're strong into the close that would be very positive..v bottom? It's amazing how bearish it got on Monday. Gl guys probably closing down the shop early today....cheers.
u did well with fb..i think thats a good near to medium term trade. I've been trading soxl.. missed a few big moves but doing well. Looks like we may press that 1980 area on spx tomorrow? i think the thing to do is to let the market tell you where it wants to go...i'm just trying to take my profits quick stay loose and not get to greedy. If things stabilize i may let my trades run longer. I'm a paranoid by nature person..lol
are contrarian you guys should be pounding the table now ..not just when it goes up. Granted the market is weak but if you believe the story it makes more sense now than ever to be buying..seriously..especially if we break to that 6 area.
That seems to be the area to get through. Knew this would be a wild week..the channel we were in for so long as well as no large corrections..is really causing some amazing volatility. Right now its panic buying and selling and this will likely go on for awhile.
saved the day apparently.. said apple orders in china strong. swks nxpi semis in general rallied off that.. I'm out of town for a couple days. See you wednesday. Be careful out there..cool heads prevail..lol
premiums get very inflated though with this kind of volatility. i bought some soxl earlier already out. spx 1925 area probably resistance now?
Truthfully i would not be selling now. I'm actually looking at buying next week especially if we get the big dive next week. Any positive news on ziop or others in this sector you could get a nice pop. The relative strength looked good on Friday. The market was down 500 and ziop was up. The time to sell was when it was 14. You guys are doing everything backwards.
if i'm not mistaken its been 3 plus years since we've had a 10-15% correction. Last october was just under 10. If the theory applies we may get an amazing dive followed by a big bounce of equal force. Next week will likely be wild especially if china can't get their markets under control. Get your rest this weekend.
Looks like 8 may be it for now unless next week goes bonkers..clvs juno and kite kinda held in there. we're in for a rocky month or so. but i think something may happen next week to give the market a bounce at least temporarily.
roger that..u have a great weekend Cle. Watch how china does starting Sunday night. If it stabilizes might get a good bounce...the new Ebola..ha ha...cheers all!
Jim Chanos bearish on scty..said too much debt and narrowing margins on solar panels. Also thinks china even worse than what people think. The underlying commodity debacle is causing lots on uncertainty.
interesting thx..this really has a nasty feel and if today ends bad it will be front page news over the weekend. monday could be one of those panic days we will all remember?? I hope not...this market has had the feel it wanted to break for awhile and finally we have some catalysts to make it happen.