acestocksplayer
JULY  2019  

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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
Hey Gang....!

Sorry for the delay in getting the July message board up....I ran into a few distractions this morning and wanted to get the new boards started before trading began....oh, well....

I dumped my GDX and TVIX positions immediately at the pre-market open this morning....they were meant partly as hedges in case Trump and Xi came up with no agreement over the weekend....some losses there, but getting out right at the open saved me some coin.....

Taking a litte harder hit with the crypto's this morning, but my positions aren't large....own 40 shares of GBTC, 25 shares of ETCG and 2 shares of ETHE.

I added 3 more shares of SHOP, and now at 8 shares.....

I bought 250 shares of NIO in the pre-market, but I see that it's gone nowhere so far, as the supposed big rally over Chinese stocks has stalled or faded.
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
SHOPIFY...SHOP

As I mentioned in my last post, I added a few more shares of SHOP....the fast line of the FAST RSI's graph is rising this morning, and signaling a possible further move higher in the next few days.....the MACD histo bars are rounding out a bottom and the RSI shows a bounce near the 50 line which is indicative of high performers like this one...

SHOP 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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umunver


                 IS IT SELL THE NEWS?
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umunver



    

CNN Admits 2020 Democrats' "Voters, You're All Wrong" Strategy Is The Dumbest Ever

Profile picture for user Tyler Durden

Democratic presidential candidates appear to have painted themselves into a corner - abandoning their giant moderate base in order to 'out-left' each other, while promoting "radical, nonsensical, unpopular ideas that please only a slim minority of your own people" according to CNN's S. E. Cupp. 

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In a blistering monologue on Saturday, Cupp suggested that the 2020 candidates may be setting themselves up for failure in the general election with one of the "dumbest strategies" she's ever encountered. 

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acestocksplayer
umunver wrote:


                 IS IT SELL THE NEWS?


Doc, I was thinking that before trading began this morning....but not before Da Boyz roughed me up on several positions!  ðŸ˜«

But it does look like they are fading the market now.
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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umunver


           Ace, Thanks for the response.



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Trade truce could give stocks a ‘one-day pop’ —and then watch out, warns Morgan Stanley’s Wilson

Published: July 1, 2019 1:14 p.m. ET

 
 1
 

Investors should fear a repeat of market reaction to November’s trade truce

[image]Getty Images
Author photo

By

CHRISMATTHEWS

MARKETS REPORTER

Markets rallied Monday on the news that President Donald Trump and Chinese 

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acestocksplayer
A LOT OF BLACK CANDLES AS WE HEAD TOWARD THE FINAL HOUR OF THE FIRST TRADING DAY OF THE 2ND HALF OF 2019....

Black Candles occur when a stock finishes lower than when it opened, though the price still finishes above the previous trading session....a black candle is generally a signal of a reversal or slowing of momentum....

One example is FNGU....

FNGU 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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slamminsam


                 IS IT SELL THE NEWS?


UMUNVER:  Re:  NM - I just confirmed with my guy who has held on to NM - THAT HE IS OUT TOTALLY.  He put in a stop like I told him to and he got stopped out at A VERY SMALL LOSS.  NM literally went from 3.50 last Tuesday to 4.60 area this morning.  As soon as I saw it taking off the last 2 days I was keeping an eye on it.  This type of move is called a SPRING-MOVE according to Wyckoff.  When it hit 4.60 this morning the MACD did NOT make a corresponding move up - this told me right away that NM was internally weak.....consequently it would be going down.  I emailed him and text him right away to find out he still owned it.....so this time he did put a stop on it and was stopped out.  When a stock goes from 3.50 to 4.60 in only 4 days that an increase of 1.10 divided by 3.50....right?  110/350 = approx. 31 percent in 4 days.  You do the math.  Let's try it this week - let's say it went up 31 percent in 5 days (or one week).  then we could multiply 31 percent X 52 and it would end up being something like 1500 percent.  Anyone that still keeps a stock which has gone up the equivalent of 1500 percent without having some sort of stop.....should have his head examined.  Let's call it a trailing stop.  So....PLEASE....no more stuff about NM anymore - I know everybody is out of it now.  Hey - GOOD TRADING!  How'd you like this latest up-move?  I tried to explain it on my last chart.....which I posted on FB too.  Take care and God Bless All on this Site.  Sam
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Littleshark
Doc ,,, June 26, 2019 8:50 am ET

> Cannabis Companies are Aggressively Expanding Their Global Footprint PR Newswire 6:54 am ET

> UPDATE: Cannabis stocks drift lower as broader markets falter; Hexo hit by downgrade MarketWatch

> June 24, 2019 6:37 am ET

> Organigram Holdings Gets Approval for 17 Additional Cultivation Rooms Dow Jones 6:00 am ET

> Organigram Receives Health Canada Approval for an Additional 17 Cultivation Rooms in Phase 4A
...

... http://schrts.co/fYCVtQdY OGI ...
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umunver


      Lshark, Thanks for the Good News.
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umunver



    Sam, Thanks for your Market View & the Chart.
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umunver


   

Peter Schiff: The Reality On Wall Street

Profile picture for user Tyler Durden

Via SchiffGold.com,

The Dow Jones just had its best June since 1938. Overall, stocks were up around 7% last month. It was also the best first half for stocks in 22 years.

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umunver
https://www.zerohedge.com/news/2019-07-01/all-not-well-deep-state-world?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29


   

All Is Not Well In 'Deep-State' World

Profile picture for user Tyler Durden

Authored by James Howard Kunstler via Kunstler.com,

Stagecraft

The playwrights of yore had a neat way of resolving sticky plots: when it seemed all was lost among the confounded mortals on stage, a supernatural figure would descend from the riggings above the proscenium, lowered in a basket on a cable — Moliere liked to use an actor playing Louis XIV, his patron — to resolve, untangle, forgive, and pardon all the complications of the story. This device is known as the Deus ex Machina, God in a machine.

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Rep. Jerrold Nadler (D-NY) announced last week that ex-Special Counsel Robert Mueller has agreed to descend from on-high into the witness chair of Mr. Nadler’s House committee chamber on July 17, presumably to resolve all the conundrums left by his semi-inconclusive RussiaGate report. Remember, in his nine-minute homily on May 29, Mr. Mueller said that if called to testify, he would only answer by referring to the text of his report — hallowed in Wokesterdom until its disappointing release.

Mr. Mueller’s notion of testimony-by-script is at least as unorthodox as his innovation of pronouncing the object of his criminal inquiry “not exonerated,” an unprecedented and certainly extra-legal spin to the prosecutorial standard of finding an indictable offense or not — without added aspersions, insinuations, and defamations. Meanwhile, Mr. Mueller’s standing as a potent God figure has eroded badly. He started out in 2017 as the Avenging Angel in a Brooks Brother’s suit, morphed into Yahweh as the RussiaGate Mob patiently awaited his Last Judgment, and then got demoted to mere Sphinx-hood after his Sacred Text failed its basic task: to oust the Golden Golem of Greatness from his unholy occupation of the White House.

[loser_gallery-1024x708]

Did Mr. Nadler summon Mr. Mueller from beach or lake-side to just recite chapter and verse from his report? What would be the point of that? Well, perhaps to whip up enough media froth to refresh the public’s memory of how Comrade Trump stole the 2016 election at the bidding of his Russian handlers. Is that all?

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umunver



   

Traders Sell The Trade-Truce News But S&P Holds Record Highs

Profile picture for user Tyler Durden

A China trade truce, surging chip stocks, and bad (economic) news that must be good ammo for The Fed to cut, BUT stocks faded all the gains - simply put, it's never enough!!

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umunver



                        GOLD    DOWN    $27.40.
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umunver




    
THE WALL STREET JOURNAL

Walmart is using VR to determine who should get promotions

Published: July 1, 2019 4:44 p.m. ET

 
 0
 

The company added headsets in the backrooms of all 4,600 U.S. stores last year

[image]ROSS MANTLE
Walmart employee Andrew Weyand goes through VR training.

By

SARAHNASSAUER

CHIPCUTTER

When some Walmart Inc. WMT, +0.12%   store workers want to apply for a higher-paying management role, the company fits them with a $250 virtual reality headset to see if they are the right candidate for the job.

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umunver



   

Surprise Rate Spike In Overnight Repo Stuns Traders

Profile picture for user Tyler Durden

Back on January 2, we showed what was arguably the strangest move that took place on the last trading day of 2018, when the overnight general collateral repo rate shot up from 2.5% to as high as 6.125% on Monday, Dec. 31,  the biggest one day move on record, bringing overnight GC repo to the highest level since January 2001.

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umunver



    

After early Huawei-related rally, dark cloud of reality rains on this stock

Published: July 1, 2019 5:05 p.m. ET

 
 0
 

NeoPhotonics shares rose 8% on Monday — but they forfeited even larger intraday gains

[image]Reuters

By

EMILYBARY

REPORTER

NeoPhotonics Corp. led optical-networking stocks higher Monday, though the shares gave back more than half of their gains in the session.

The optoelectronics company stands to benefit if the U.S. is serious about allowing sales to Huawei Technologies Co. once again, since the Chinese telecommunications giant accounted for nearly half of NeoPhotonics’NPTN, +8.13%  revenue over the past 12 months. President Donald Trump signaled this weekend that he was open to ending the ban on Huawei sales in some capacity, but there's still plenty of uncertainty over the trade agreement that the U.S. and China will ultimately forge.

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umunver



  

Stock Futures Dip as Trump Mulls Tariffs on Europe: Markets Wrap

July 1, 2019, 6:25 PM EDT Updated on July 1, 2019, 6:38 PM EDT
  •  
    U.S. stocks hit a fresh record though closed off their highs
  •  
    Treasuries slipped and the dollar rallied; oil climbed on OPEC
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acestocksplayer
Slammin Sam.....

Your NM call sounds like a good one.....as you say, after 31% in 4 days, a trader should be looking for an exit.....otherwise, their greed will catch up to them eventually.
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
umunver wrote:



                        GOLD    DOWN    $27.40.


Doc...Gold on the rebound in Asia tonight....up nearly $5 to $1,389 in the spot market....

Oil is down due to fears of slowing demand in recessionary-like global economy....in other words, the headlines that were in control last week have returned after the one day selloff based on the US-China temporary truce....except prices of gold at lower cost of entry and oil shorts also at better entry points.
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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slamminsam


Doc, I was thinking that before trading began this morning....but not before Da Boyz roughed me up on several positions!  Ã°Å¸ËœÂ«

But it does look like they are fading the market now.


Ace/Umunver - Yesterday's big up-move would have been interpreted by Wyckoff as both bullish and bearish.  Long term bullish because of the break-out......BUT.....short term bearish simply because it was going UP TOO FAST!  Da boyz will eventually take the market higher......but first they have to get rid of unwanted bulls......know what I mean?  The Slammer
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Littleshark
Doc ,,, Tuesday pre-market 7-2-2019:

OGI news > http://Press Release: Organigram Holdings Inc. to Report Third Quarter Fiscal 2019 Results on July 15, 2019 Today 6:00 AM ET (Dow Jones) < reports before the open Monday 7-15 ...
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Littleshark
http://schrts.co/QUYkhVav SPX ...
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