I can be Huge too

[antioch6]

The momentum went negative today, so I sold my positions. Took a few percent loss in them. It feels like when I bought in January 2021 and all my stocks topped the same day. We were on the edge of a bull market, but it looks like there is no one to sell these stocks to at higher prices. So no sellers and no buyers, what is coming next for the market? Maybe we go sideways but I'll play the momentum for a while. I sold short today and will cover if the momentum goes back positive; went with the nasdaq futures again.

[antioch6]

Wow I'm getting creamed in that Nasdaq future I bought.

[antioch6]

Sold nasdaq futures. I bought CMC STLD RS CAT. Bought 1 nasdaq future back. If the momentum goes negative, I'll sell.

[antioch6]

Sold s&p futures. I bought IMO, COP, AGCO and SONY. This market looks strong. The more I look back over the chart of the past year, it looks like the selling is over. There would have to be a major change in earnings to bring the market any further down. The top companies should hold their cashflow, so I think buying now and waiting for a possible technical rally makes sense.

[antioch6]

I bought GRBK at 28.8716. It looks like there is a bubble in housing for Grbk and I will try to ride them up. I still have Ande, and I'll limit my holdings to these two for now. I went all in with Nasdaq futures and s&p futures this morning so I only have enough for them.

[antioch6]

I bought ANDE today at 36.745. I was waiting for my top results from the screen. Only GRBK looks good, so I ran it again and found argentinian stocks, some oils, and this food stock. The earnings are steady, the p/e is normal, and the price is strong. I bought it as it was going 1.75% higher for the day. If the momentum fades, I'll sell. I also sold CMC because the price fell 2% again, and maybe a recession would hurt demand for steel. I'm considering buying GRBK now as it is the top housing stock in the area.

[jiesen]

@jiesen wow. maybe speculative money is coming into the market.

Yeah, BTC sure went up from 16k to 21k in a hurry!

Also, this:

https://tinyurl.com/5emu37hp

because images seem to be too big no matter what...

[antioch6]

@jiesen wow. maybe speculative money is coming into the market.

[antioch6]

Here is my screen for the week:

MHO TMHC MTH WIRE BLDR GRBK STLD PHM CMC GMS RS UFPI CVCO IBP DE FIX

All of a sudden, the market is surprisingly strong. There are plenty of names on my list; I'm ready to call the bear market over and a new bull market beginning. Deep down I feel like this is a scam from the federal government, particularly because the screen is full of housing stocks, and there is no clear source for the money to pay for houses besides the government. So I've decided to give it a try, and buy-hold again. The first time I tried this in 2021, I got stopped out for a 15% loss on my 200% position (margin.) Last year I made 200% short term trading the screen up and down; also some futures trading. So, this year I don't know what to expect. Hopefully if I mix in some different strategies, most of them will be profitable. I usually buy three stocks at a time. This works, but I never make it more than a few percent invested. Buying evrything at once doesnt work either. I calculated $10,000 is a reasonable number to invest in one company. So i'll pick BLDR GRBK STLD PHM CMC GMS and RS. I'll buy them at the open.

[jiesen]

So this market news is killing me. How can the market go up with all this talk about recession and no real earnings? Can we really go higher on people's gambling? I don't really see anything on my screen except Oil and Argentinian stocks. Oil is risky and I don't know anything about argentina. I was buying gold earlier today but sold it once it went up. I feel lost. How can we go up without a Fed stimulus? This has got to be a bear market rally, and I'll time it with my market service. So for now I'm buying, but as soon as the momentum goes negative, I'll sell.

I guess that might make more sense if I quote the post...

[jiesen]

hey, don't forget about yer bitcoin!

[antioch6]

So this market news is killing me. Can markets go higher with all the talk about recession and no real earnings? Can we really go higher on people's gambling? I don't really see anything on my screen except Oil and Argentinian stocks. Oil is risky and I don't know anything about argentina. I was buying gold earlier today, but sold it once it went up. I feel lost. How can we go up without a Fed stimulus? This has got to be a bear market rally; so i'll time it with my market service.I'm buying, but as soon as the momentum goes negative, I'll sell.

[antioch6]

I sold CMC yesterday on a 2% losss, and bought it back today at 56.29. I'm in with 100,000; the rest I have in the dow, nasdaq and s&p futures.

[antioch6]

I bought CMC at 56.50. I'm going in thinking it's a bull market, and there will be no pullbacks. If this falls 1-3% i will sell.

[antioch6]

wow, I entered my information wrong in the screen. Meant to buy CMC instead I bought STLD. I sold STLD at 109.62, for a gain of 1.01% in 4 hours and 24 minutes. Oops. I ran the screen again:

CMC SONY BMO

cmc is a top metals pick, sony makes video games and cars, and bmo is a canadian bank. I am thinking to buy 50% SONY, 30% CMC, and 10% BMO.