i have no idea, sorry man. its more of an industrial metal rather than a flight to safety metal like gold. Add in other areas to flow speculative money around such as cryptos , just dunno. I have a trading postion in SLV and GLD.
algos in sell off mode once 12:00pm hit, lol.
ES nearing the bottom of the box , it dropped like a ton of bricks once 2824 was lost
algos in sell off mode once 12:00pm hit, lol.
ES nearing the bottom of the box , it dropped like a ton of bricks once 2824 was lost
the reality is USA will collapse if the market goes to shit. Pensions r based on it. The FED buying equity etfs may be in the cards eventually , like Japan. Which would make the 'market' a joke.
the noose is tightening ...lets see how long they can keep this facade of shutting down........ Delusions of grandeur. Which companies will have the resources to buy back shares ?
still in the box, is the ES
the noose is tightening ...lets see how long they can keep this facade of shutting down........ Delusions of grandeur. Which companies will have the resources to buy back shares ?
still in the box, is the ES
As far as I'm concerned there is ZERO bargains in this market except for major banks currently. Ie I think the lesser banks are more risky. Even the oil majors have jumped 25-35% off lows and are still medium term overpriced. Likewise, I think the lesser oils are risky.I suppose you can buy CCL at $12.25 and try to trade it to $14s on the next pump though.
As for tech, tech should fall 30%-50%. If or when it does, the indexes are going to freefall. But not all sectors will fall. Tech is unique/alone in it's over-valuation.I would divest out of the Q's. The Q's were $20 to $40 for a decade through 2010. They are $220.50 after hours or 5x to 10x the value. Tech is MATURE. The p/e is average high 20's before estimates don't meet, and on top of that some are 50 p/e's. Book is an outrageous 6.5x.Q's should get cut in half. No "safety" or "reliability" in the world is worth those multiples. Just my opinions, ymmv and as always GL to everyone except Willie99, Enfuego and any of the other Hitler youth on here
As for tech, tech should fall 30%-50%. If or when it does, the indexes are going to freefall. But not all sectors will fall. Tech is unique/alone in it's over-valuation.I would divest out of the Q's. The Q's were $20 to $40 for a decade through 2010. They are $220.50 after hours or 5x to 10x the value. Tech is MATURE. The p/e is average high 20's before estimates don't meet, and on top of that some are 50 p/e's. Book is an outrageous 6.5x.Q's should get cut in half. No "safety" or "reliability" in the world is worth those multiples. Just my opinions, ymmv and as always GL to everyone except Willie99, Enfuego and any of the other Hitler youth on here
bounced from the bottom of the box, cool no? ES defended 2778ish area ( 2778-2965 is sideways action, oscillating, wide wide trading range)
SPY
8 ema
what was the story of the day? The Banks. Who were the buyers other than snoop and the Swiss bank?
XLF
6 mths daily
gap fill and bullish engulfing pattern
(i had a position in the cdn banks , was stopped out at a loss two days after i took the position, despite a beautiful technical entry.. probability on my side ..cant win em all . They had a great rally off the lows)
metals looking good, SLV had a great day post #891
SPY
8 ema
what was the story of the day? The Banks. Who were the buyers other than snoop and the Swiss bank?
XLF
6 mths daily
gap fill and bullish engulfing pattern
(i had a position in the cdn banks , was stopped out at a loss two days after i took the position, despite a beautiful technical entry.. probability on my side ..cant win em all . They had a great rally off the lows)
metals looking good, SLV had a great day post #891
