pthomas215
1,251 posts
msg #142591
- Ignore pthomas215 |
3/5/2018 2:47:25 PM
Thanks GMG. It may have been you that caught the last Micron weekly crossover. It was quite a run. i owed you one.
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gmg733
788 posts
msg #142593
- Ignore gmg733 |
3/5/2018 3:08:30 PM
It was not me. I don't trade a lot of equities mainly options or futures. But I do on occasion. I'm long a few things. Shadowtrader guys recommended PAGS so I bought some. Recent IPO.
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johnpaulca
12,036 posts
msg #142601
- Ignore johnpaulca |
3/6/2018 9:41:04 AM
Is the selling over...thoughts??
- I don't thinks it is, I do see lots a fantastic setups but will stay in cash until I get back from vacation.
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pthomas215
1,251 posts
msg #142602
- Ignore pthomas215 |
3/6/2018 9:51:40 AM
JP, if you will notice SPY hasnt broken 273.50. if it does, going higher.
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gmg733
788 posts
msg #142603
- Ignore gmg733 |
3/6/2018 9:52:50 AM
I'm not a genius when it comes to the market. A few folks that I follow that I consider really really good and look at price action basically say this bounce should be over soon to resume downward.
Considering getting a bit more short here.
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gmg733
788 posts
msg #142604
- Ignore gmg733 |
3/6/2018 10:00:05 AM
I don't pay attention to fundamentals all that much. The news is littered with discussions of bond bear market, tax code revisions, trade wars and blah blah blah.
But what you can't ignore is the amount of malls and commercial space that is sitting vacant. What is confusing is they just keep building buildings. I think commercial real estate will be one of the best shorts in the new few years. In fact it maybe in the middle of the next financial 'crisis'.
I'm already short real estate and I look to add on rallys. I don't see how this is sustainable.
I know this isn't an intraday alert, sorry JP.
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johnpaulca
12,036 posts
msg #142605
- Ignore johnpaulca |
3/6/2018 10:09:36 AM
I'm of the same mind set, SPY will continue down to about 2420. All the bounces so far has been on fumes(low volume). Historically March hasn't been a good month for equities....will see.
We have the same problem here with the amount of commercial vacancies, everything will be purchased online.
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pthomas215
1,251 posts
msg #142606
- Ignore pthomas215 |
3/6/2018 10:51:46 AM
indeed...imo the stock market has nothing to do with the economy. since the 08 crash, there is nowhere else to put money if you have it. that demand doesnt mean everything is great infrastructure wise. i still think we will have too few dollars chasing too many goods overall, creating stagnation.
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johnpaulca
12,036 posts
msg #142607
- Ignore johnpaulca |
3/6/2018 10:53:29 AM
you mean stagflation (:
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pthomas215
1,251 posts
msg #142608
- Ignore pthomas215 |
3/6/2018 11:04:40 AM
JP, ha ha. indeed. my apologies...i was an economics major in undergrad but was reaching wayyy back to 1989 on that one.
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