Do the financial media writers realize Apple isn't the only stock in the market? And if they report a weak quarter tonight with growth slowing, how many of the 100 or so analysts covering the stock will issue a downgrade tomorrow? (Spoiler alert: None of them)
I dont know retailbaloon, but it just blows my mind how many crack pots there are out there trying to control investor sentiment, in a desperate effort to prevent the inevitable. Watch all the spin and "strategists" weighing in tomorrow as it's Fed scam day.
This was on the Y.Finance wires today:
"Lamoureux believes the boat is about to tip over and that U.S. equities are at a turning point. He says, “We don't know where the bottom is going to be…But if you start to step in the market, and you do this gradually over the next couple of weeks, we think we're at one of the major entry points that will carry the [Dow Jones] for the next 3 to 4 years past 25,000.”
Ok, now the AH reaction makes sense.....everyone woke up and realized it's good news.
The updated results are encouraging, however it's not exactly what traders were expecting. I read the release 3 X, and I'm still trying to figure it out.....
Short of announcing a new QE program (which will send gold flying), they're totally out of tools. The one thing she can do is put a muzzle in the mouths of the strategists on CNBC who called a bottom in the markets and oil last Friday.
Yes, I'm short the common, as it looks like oil will crash as an asset, taking the broader markets along for the ride. Thanks for the pair trade; that might work.
The stock is up 18% as I type.
It's not too late to sell. The stock is down 20% just today. Oil companies are trading like they're waiting for the companies in heavy debt to roll over, to allow industry consolidation. Even in a brief rally that won't be sustained, there's so much overhead resistance now. That said, this selloff today with all the oil names is so brutal, that it just may be the blow off traders have been waiting for....
Whiting is trading like it's filing for BK in the near term.....I don't think the price of oil will start to rise again, until the marginal players are out of the game, like Oasis, Whiting, and several others.
I went short yesterday, at an average of $27.41. Covered today at about $26.81. I'm a swing trader, so I took a quick, relatively small profit.... By the way, the reason I covered today is because I think CRUS is trying to bounce from here, as it showed intra-day relative strength. In the near term, I think it will bounce to about $29, or even $30, esp. if the market has a relief rally early next week. At that point, it may be another short opportunity, or not. That's how this market works...It's called profit taking....You may want to consider this strategy at some point.... Good trading to you.
Huh? Don't panic? Investors long the market (at least 97% of traders), just lost billions in the past couple of weeks, and these clowns say "don't panic"?
At this moment the S&P is trading right at the August low....at 1867 and change. Actually it just broke below that low.....The downside risk is huge if this holds below 1867.....
Al, with all due respect, if the S&P breaks about 1865 to the downside (it's trading as I type at 1875,), the downside target could be about 1780. It won't go straight down, but 1865-1867 will become resistance. This has nothing to do with companies leading their field. This is about the charts, which are leading indicators, whereas fundamentals are lagging indicators. CRUS will be a winner again, maybe later in the year...but for now, the entire market looks like it's heading lower.