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Thread: amoeba's Account Talk

  1. #2233

    Default Re: amoeba's Account Talk

    An astonishing 4th consecutive weak of aaii bulls in the 20s, and more astonishing 3% technical bounce in SPY.

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  3. #2234

    Default Re: amoeba's Account Talk

    Market bounce doesn't make sense...feels like a suckers rally. Not buying it at all. BOL report tomorrow.

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  5. #2235

    Default Re: amoeba's Account Talk

    I don’t buy this....doesn't make sense, there must be something else, a rate cut baked in (which I highly doubt, especially if a consequence of tariff effects), some factor explaining this nonsensical bounce.

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  7. #2236

    Join Date
    Oct 2005
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    1,653

    Default Re: amoeba's Account Talk

    Quote Originally Posted by amoeba View Post
    I don’t buy this....doesn't make sense, there must be something else, a rate cut baked in (which I highly doubt, especially if a consequence of tariff effects), some factor explaining this nonsensical bounce.
    make sense today? pretty much confirmed uptrend. hate to buy in on upday and friday to boot

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  9. #2237

    Join Date
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    Default Re: amoeba's Account Talk

    think i might wait till monday

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  11. #2238

    Default Re: amoeba's Account Talk

    And I aint buying at all this week. Bounce doesn't compute. I bought short funds today...this will either pay off or it won't.

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  13. #2239

    Default Re: amoeba's Account Talk

    Sideways action; I still have a large current bet on an inverse ETF, unfortunately, not SOXS at the moment....all sorts of bee ess from the "experts" out there thinking this or that on interest rates, on trade deals....and I believe they are all wrong. Or maybe I am. In any case, I didn't time that last bounce...just really thought it would cut through 2,700 and drop more like the last 4-5 times (see Tom's chart today), but that didn't happen. Plus I had almost no chance last month, feeling lucky to get away with a fractional loss. This is very frustrating. As was losing 10% in the last 6 weeks of last year.

    There isn't any indication from the FED that the FED would cut interest rates; notwithstanding the jabber from everywhere else, especially the White House. It would take another 2 job reports like the last one or worse to make that a possibility. Maybe in a year. But not now. Not any time soon. Regardless, stocks are worth what other people pay for them (primarily sovereign wealth funds, and other big boyz), not what I think they should be.

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  15. #2240

    Join Date
    Sep 2006
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    6,521

    Default Re: amoeba's Account Talk

    Quote Originally Posted by amoeba View Post
    It would take another 2 job reports like the last one or worse to make that a possibility. Maybe in a year. But not now. Not any time soon.
    Initial claims for state unemployment benefits rose to 222,000 for the week ended June 8, the Labor Department said.
    Weatherweenie's Account Talk
    Expected retirement date: November 2023

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  17. #2241

    Default Re: amoeba's Account Talk

    FED doesn't react to claims data. Besides, unemployment is too low anyhow. No rate change for the rest of this year. Believe it. Know it. Live it. Why? I said so.


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  19. #2242

    Default Re: amoeba's Account Talk

    Quote Originally Posted by amoeba View Post
    FED doesn't react to claims data. Besides, unemployment is too low anyhow. No rate change for the rest of this year. Believe it. Know it. Live it. Why? I said so.
    The different data are all connected. One thing may lead to another. So on and so forth.

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  21. #2243

    Default Re: amoeba's Account Talk

    Closing in on a half dozen aaii bear readings in the 20s. This market is at least 10% overpriced. Some sectors, like gold, going to the moon. But the large caps are building. I see this ending badly. That said, there is another holiday coming up, so may as well keep my finger on the button to try to catch a low volume up day...may wait for the jobs report.

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  23. #2244

    Default Re: amoeba's Account Talk

    Quote Originally Posted by amoeba View Post
    Closing in on a half dozen aaii bear readings in the 20s. This market is at least 10% overpriced. Some sectors, like gold, going to the moon. But the large caps are building. I see this ending badly. That said, there is another holiday coming up, so may as well keep my finger on the button to try to catch a low volume up day...may wait for the jobs report.
    And so it shall be...50% goes into equities today, the rest tomorrow. This flattening going into the G20 suggests someone knows something and it is good. 7th consecutive aaii bears in the 20s, but gold reversed sharply today. All in COB tomorrow.

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