acestocksplayer
AUGUST  2019  

This category is generally reserved for discussions about S&P/ NASDAQ listed stocks and general discussions about stocks priced at $5 or more. It is also a good place to discuss CHARTING (Technical Analysis) on the markets as well as on select stocks. 

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ALL OPINIONS, IDEAS AND DISCUSSIONS ARE BY ANONYMOUS PEOPLE. NEVER ACCEPT ANY COMMENTARY ON THIS FORUM OR WEBSITE AS INVESTMENT ADVICE. ALWAYS CONSULT A LICENSED BROKER OR REGISTERED INVESTMENT ADVISOR. WE ARE NOT RESPONSIBLE FOR YOUR ACTIONS.   

Enjoy the forum! Thanks, Mike
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acestocksplayer
WELCOME TO THE AUGUST BOARD FOR THIS TOPIC....!

Well, it was a wild and woolly finish to the month of July thanks to the FED decision and pronouncement about a "mid-cycle adjustment" to interest rates....not exactly the words that many BULLS wanted to hear! But, our members here were ready for whatever the FED threw out there...some very good trades were called out by our experienced trader crowd on Wednesday! Congrats, guys!  ÃƒÂ°Ã…¸ËœÅ½

Say, I know a lot of traders are thinking that we bounce right back on Thursday....I don't doubt for a moment that the market will attempt a bounce back higher...but will that bounce last? Just looking at some of the major index charts like SPY, I see the likelihood of more down-hill movement to come....

SPY saw its main up-trend line violated on Wednesday....and the candle managed to close below the center-line....leaving the price in the lower half of "the river."...so, I think there will be more down than up movements for at least the next few trading sessions....

SPY daily chart  

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ALL OPINIONS, IDEAS AND DISCUSSIONS ARE BY ANONYMOUS PEOPLE. NEVER ACCEPT ANY COMMENTARY ON THIS FORUM OR WEBSITE AS INVESTMENT ADVICE. ALWAYS CONSULT A LICENSED BROKER OR REGISTERED INVESTMENT ADVISOR. WE ARE NOT RESPONSIBLE FOR YOUR ACTIONS.   

Enjoy the forum! Thanks, Mike
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acestocksplayer
OUR most prolific poster and top board moderator, LittleShark pointed out on Wednesday that the CRYPTO-CURRENCIES  were making stealth move toward higher ground....

So, I checked the charts this evening on the two trusts that we are most familar with which are GBTC for BitCoin and ETGC which is for Etherium Classic....

Sure enough, both charts show solid support points before each trust product launched into a new stealth move to higher ground!

It does appear that each is still fairly early in its move and it may not be too late for me to consider taking a new position in them...the downside risk seems greater now as the US government seems to be clamping down on crypto's and that could leave a trader vulnerable if the US should suddenly make any new threats against these alt currencies.....I wouldn't want to get holding the bag on a gap down upon hearing the FEDS are after alt currency investors or traders.....gulp! ðŸ˜³

GBTC daily chart 

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ETCG daily chart

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ALL OPINIONS, IDEAS AND DISCUSSIONS ARE BY ANONYMOUS PEOPLE. NEVER ACCEPT ANY COMMENTARY ON THIS FORUM OR WEBSITE AS INVESTMENT ADVICE. ALWAYS CONSULT A LICENSED BROKER OR REGISTERED INVESTMENT ADVISOR. WE ARE NOT RESPONSIBLE FOR YOUR ACTIONS.   

Enjoy the forum! Thanks, Mike
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acestocksplayer
MY SHORT OF THE EMERGING MARKETS PICKED UP CONSIDERABLE GAINS ON WEDNESDAY...

I am still holding 3 puts on EEM...despite the attempt at a rebound, the candle on Wednesday was long, deep and RED....it found a support level at Fib 38.2, but it looks to be temporary, imho!

EEM daily chart

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ALL OPINIONS, IDEAS AND DISCUSSIONS ARE BY ANONYMOUS PEOPLE. NEVER ACCEPT ANY COMMENTARY ON THIS FORUM OR WEBSITE AS INVESTMENT ADVICE. ALWAYS CONSULT A LICENSED BROKER OR REGISTERED INVESTMENT ADVISOR. WE ARE NOT RESPONSIBLE FOR YOUR ACTIONS.   

Enjoy the forum! Thanks, Mike
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Littleshark
Pre-market 8-1-2019 6:32am CT:

> NOK Bid: 5.49 Ask: 5.50 Last: 5.50 Chg ($):+ 0.09 Vol: 155,963 < ,,, http://schrts.co/xhWpihUw climb _ http://schrts.co/ScqZZppD baby _ http://schrts.co/bizvsGbg climb off that 400ma support ! ...
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Littleshark
GM reports earnings >
>August 01, 2019 8:14 am ET
> GM's China Profits Halved in First Half 2019 -- Market Talk Dow Jones
>8:09 am ET GM Earnings Beat Driven By Mix and Price Improvements -- Market Talk Dow Jones
>8:07 am ET GM's Operating Profit Slips as Sales Cool Across Key Markets Dow Jones
>8:06 am ET General Motors Co 2Q EPS $1.66 >GM Dow Jones
>8:05 am ET *General Motors Sees FY19 EPS $5.91-$6.75 vs $6.62 Estimate Benzinga Hot Stories
>8:02 am ET General Motos Co 2Q Operating Profit $3.0B Dow Jones
>8:01 am ET *General Motors Q2 Adj. EPS $1.64 Beats $1.43 Estimate, Sales $36.1B Miss $36.11B Estimate Benzinga Hot Stories
>8:00 am ET GM Reports Income of $2.4B and EBIT-Adj. of $3.0B PR Newswire
<
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Littleshark
> .............. The 1.1% drop in the S&P 500 was equivalent to a price- to-earnings drop of 0.2 times, in line with pricing out a 25 basis point cut. ......... < ...
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Littleshark
> .......... Earnings season plows on. Verizon Communications (VZ) reported a stronger-than-forecast profit, as did KFC owner Yum Brands (YUM) and Shopify (SHOP.T) ..........  < ...
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Littleshark
Sometimes life sucks > A Pennsylvania man was freed after spending 21 years in prison for murder-- (https://www.cnn.com/2019/07/31/us/pennsylvania-man-freed-after-witness-confesses-to-killing/index.htm)a decade after the star witness confessed to the murder. < ... why did it take a decade to release him after the star witness confessed to the murder ? ...
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Littleshark
http://'Fast Money Halftime Report' Traders Share Their Thoughts On Square, Boeing, And More Today 7:20 AM ET (Benzinga) < BA $341.18 0.00% NOK $5.41 0.00% PFE $38.48 0.00% SQ $80.41 0.00% ... 

Ace ... " Jim Lebenthal sees his long position in Nokia Oyj (NYSE: NOK) as a long-term hold. "  ...
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Littleshark
T'is the season to be ? > August 01, 2019
>8:34 am ET *Qualcomm shares are trading lower after the company reported worse-than-expected Q3 sales results. The company also issued Q4 guidance below analyst estimates. Benzinga
>7:48 am ET Qualcomm Is Maintained at Buy by Bank of America Dow Jones
>7:41 am ET UPDATE: Qualcomm is among biggest victims of Huawei fight MarketWatch
>7:35 am ET Qualcomm's stock drops 7.3% premarket after Q3 results late Wednesday MarketWatch
<
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Littleshark
Well MMM should be Jolly > http://3M says federal court has dismissed more than 5,000 lawsuits relating tor surgical warming system 8:33 am ET (MarketWatch) < ...
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Littleshark
http://schrts.co/unyPQttJ IBM $148.24 > http://IBM Price Target Announced at $170.00/Share by Morgan Stanley 8:35 AM ET (Dow Jones) < ...

these upgraded to BUY > UTHR > CLH > TMHC ...
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Littleshark
http://Boot Barn shares soar after earnings beat, guidance raised 9:01 am ET (MarketWatch) < ... BOOT ...
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tja1
Morning everyone.  SPX testing 3000 again.  Looks like a great entry point for a short position.  
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Littleshark
Ace > http://TIM Brazil expands edge cloud capability powered by Nokia AirFrame servers and new Intel processors Today 10:00 AM ET (Thomson Reuters ONE) < ...
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Littleshark
http://Trade fights sap manufacturers as growth wanes to slowest pace in 3 years, ISM finds 10:25 am ET (MarketWatch) < ...

http://Construction spending in the U.S. falls 1.3% in June 10:03 am ET (MarketWatch) < ...
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tja1
TRIN at very high levels. Volume is low but not a good sign of continuation
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acestocksplayer
Littleshark wrote:
Ace > http://TIM Brazil expands edge cloud capability powered by Nokia AirFrame servers and new Intel processors Today 10:00 AM ET (Thomson Reuters ONE) < ...


That is very good news, Shark! 🤩
ALL OPINIONS, IDEAS AND DISCUSSIONS ARE BY ANONYMOUS PEOPLE. NEVER ACCEPT ANY COMMENTARY ON THIS FORUM OR WEBSITE AS INVESTMENT ADVICE. ALWAYS CONSULT A LICENSED BROKER OR REGISTERED INVESTMENT ADVISOR. WE ARE NOT RESPONSIBLE FOR YOUR ACTIONS.   

Enjoy the forum! Thanks, Mike
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acestocksplayer
Well, I shoulda trusted my intuition last night and should not have purchased the 70 of TVIX....i was in meetings this morning and could not react....so, holding for now.

However, my portfolio is still higher on the strength of PLNT and XBI....

Hey Doc....XBI is shooting higher so that must mean that LABU is flying higher too? 
ALL OPINIONS, IDEAS AND DISCUSSIONS ARE BY ANONYMOUS PEOPLE. NEVER ACCEPT ANY COMMENTARY ON THIS FORUM OR WEBSITE AS INVESTMENT ADVICE. ALWAYS CONSULT A LICENSED BROKER OR REGISTERED INVESTMENT ADVISOR. WE ARE NOT RESPONSIBLE FOR YOUR ACTIONS.   

Enjoy the forum! Thanks, Mike
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tja1
Just reloaded my TVIX position at $14.05 tight stops.  This might be a fun ride again this afternoon.
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tja1
8-1-19 setup.jpgMore Wedgies.....Always wedgies
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umunver


                   Just came in.   Missed the Morning     Highs of    LABU   & NVTR   & others.
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PNG
TJA, tvix gap fill (on hourly) would be 13.15
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umunver



                                      ABMD:      BOUGHT    20    Shares     at     $207.91.
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