Tweet
It could be worse...you could have flown out to Dublin to root for Nebraska.
-
=============================
I am HUGE! Bring me your finest meats and cheeses.
- $$$MR. MARKET$$$ -
By the by I got down to Tufts last Spring for an outdoor track meet. Bet it was three years since because of the covid.Originally posted by mrmarket View PostComment
-
PotY Contest Standings As of Market Close, Sep 2, 2022
Well, do you want the bad news or the bad news? That pretty much sums up the market last week. For the second week in a row we had bearish engulfing bars on all three of the major indices’ daily charts on Friday. This week, however, it was far more pronounced. Ugh. After the smoke cleared, that left us with only one pick in the green, BillyJoe’s UTHR in first, and two picks beating all three indices, add Antioch’s Dad’s AAPL in second. Minni17’s OGN, a one time leader, moved into third by the narrowest of margins. Again, looking at the longer term charts, I don’t think this bleeding is over. Better hunker down and stock up on toilet paper (Why is it that toilet paper seems to disappear during a crisis?). A long time ago, when I was a young whippersnapper of an investor, a seasoned veteran once told me that during a bear market there were only three things to invest in: Alcohol, fast food, and fashion. Why fashion I never figured out except to guess that during bad times, we all like to be drunk, fat, and trendy. Go figure. Anyway, good luck moving forward my fellow pickers. See you next week.
PotY Contest Standings As of Market Close, Sep 2, 2022#ContestantStockL or SStartOpenCurrentPenaltyGain/LossRemembering 💔Riverbabe And Karel💔1BillyJoe UTHR Long 2/1/2022 $201.87 $ 222.91
10.42% 2Antioch’s Dad AAPL Long 5/25/2022 $140.81 $ 155.81 20.00% -7.79% 3Dow DIA Long 2/1/2022 $351.08 $ 313.76
-10.63% 4Minni17 OGN Long 2/1/2022 $31.91 $ 28.50
-10.69% 5Antioch GRBK Long 5/25/2022 $21.93 $ 23.46 20.00% -10.85% 6Mr. Market TLPPF Long 2/1/2022 $4.90 $ 4.31
-12.04% 7S&P SPY Long 2/1/2022 $449.91 $ 392.24
-12.82% 8Massimo IPA Long 2/1/2022 $6.18 $ 5.27
-14.72% 9NASDAQ QQQ Long 2/1/2022 $363.05 $ 295.17
-18.70% 10Jiesen QDEL Long 2/1/2022 $103.36 $ 78.53
-24.02% 11Blind Squirrel HZO Long 2/1/2022 $47.06 $ 35.31
-24.97% 12BlueWolf DOCN Long 2/1/2022 $57.34 $ 38.41
-33.01% 13JohnHenry RBLX Long 2/1/2022 $65.86 $ 37.94
-42.39% 14Peanuts OZON Long 2/1/2022 $20.67 $ 11.60
-43.88% 15Louetta GBTC Long 2/1/2022 $26.24 $ 12.38
-52.82% 16Tiedyed1 AUPH Long 2/1/2022 $16.66 $ 7.22
-56.66% 17Vixtt’s SFT Long 2/1/2022 $2.29 $ 0.82
-64.34%
Comment
-
"a seasoned veteran once told me that during a bear market there were only three things to invest in: Alcohol, fast food, and fashion."
That may refer to designer stuff. If you can afford to drop $5-15,000 on an evening dress mayhap you have enough salted away so economic trends don't affect you. But even Lululemon is doing well earnings wise despite the current economy and the recent stay at home culture. LULU might not be a bad buy here tho the year has been poor for the stock price.
Comment
-
PotY Contest Standings As of Market Close, Sep 9, 2022
We had an up week, but it wasn’t enough to push any more picks into the green. We do now have three picks beating the indices, though. So the standings this week are BillyJoe’s steady pick UTHR in first and in the green, Minni17’s OGN moving into second and beating the indices, and Antioch’s Dad’s APPL in third and also beating the indices. I was going to share my insights on the market direction, but charting data was down when I wrote this, so I couldn’t do a detailed analysis. A cursory look at the indices’ dailies with another charting tool I have, however, seem to indicate that we are at a possible inflection point for the short term. In any event, with inflation still looming large and a large interest rate hike on the way, I am not optimistic about the market’s ability to sustain any kind of rally. So buckle up, hold tight, and stand fast while we see how the winds blow.
PotY Contest Standings As of Market Close, Sep 9, 2022#ContestantStockL or SStartOpenCurrentPenaltyGain/LossRemembering 💔Riverbabe And Karel💔1BillyJoe UTHR Long 2/1/2022 $201.87 $ 223.48
10.70% 2Minni17 OGN Long 2/1/2022 $31.91 $ 29.83
-6.52% 3Antioch’s Dad AAPL Long 5/25/2022 $140.81 $ 157.37 20.00% -6.86% 4Dow DIA Long 2/1/2022 $351.08 $ 322.28
-8.20% 5Massimo IPA Long 2/1/2022 $6.18 $ 5.65
-8.58% 6Antioch GRBK Long 5/25/2022 $21.93 $ 24.01 20.00% -8.76% 7S&P SPY Long 2/1/2022 $449.91 $ 406.60
-9.63% 8NASDAQ QQQ Long 2/1/2022 $363.05 $ 307.09
-15.41% 9Jiesen QDEL Long 2/1/2022 $103.36 $ 85.97
-16.82% 10Mr. Market TLPPF Long 2/1/2022 $4.90 $ 3.80
-22.45% 11BlueWolf DOCN Long 2/1/2022 $57.34 $ 44.08
-23.13% 12Blind Squirrel HZO Long 2/1/2022 $47.06 $ 34.50
-26.69% 13JohnHenry RBLX Long 2/1/2022 $65.86 $ 45.53
-30.87% 14Peanuts OZON Long 2/1/2022 $20.67 $ 11.60
-43.88% 15Louetta GBTC Long 2/1/2022 $26.24 $ 13.45
-48.74% 16Tiedyed1 AUPH Long 2/1/2022 $16.66 $ 7.26
-56.42% 17Vixtt’s SFT Long 2/1/2022 $2.29 $ 0.85
-62.97%
Comment
-
Charting is back up, so I went ahead and generated annotated daily and weekly charts for the NASDAQ (the other indices are similar). Bottom line? We are at inflection points on both the daily and weekly charts. What does that mean? It means that we could potentially be looking at both near term and longer term trend reversals. We’ll need confirmations, but the signs right now are good. I’m still apprehensive because of the state of the economy, but I think buying a little at these levels, should the market continue up on Monday, could produce some results. Because of the dangers right now, however, any positions I open will be carefully trail stopped.
Annotated NASDAQ Daily Chart as of close 9/10/22
https://www.dropbox.com/s/asjdoukfe0...02022.jpg?dl=0
Annotated NASDAQ Weekly chart as of close 9/10/22
https://www.dropbox.com/s/rxbzgkckuy...02022.jpg?dl=0Comment
-
-
Well, folks, this is why I call them inflection points. I was hopeful that we might continue up and establish an uptrend, but Friday’s confirmed what common sense was telling me: The state of the economy is very bad and not likely to improve any time soon. What triggered this latest sell off? Well, to absolutely no one’s surprise, except maybe the delusional people who passed the “anti-inflation” bill, the CPI report was released and indicated hotter than expected inflation rates.
On a monthly basis, the consumer price index rose 0.1% in August versus expectations for a decline of 0.1%. The core rate, which excludes food and energy, accelerated to 0.6%, compared with the consensus for an increase of 0.3%. Annual inflation advanced 8.3% last month, slower than an 8.5% jump in July, but faster than the Street's view for an 8.1% increase. All of this was taken as very bad news by the market.
Comments by economists Aneta Markowska and Thomas Simons pretty much nailed it: "Today's inflation report is a game changer in terms of Fed expectations. Yes, energy and food prices are moderating, but core pressure (remains) very stubborn. The July slowdown in core now looks like a one-off, rather than (the) beginning of a trend.”
I think that last statement sums up the recent up tick in the market. It looks like a one off rather than the beginning of an uptrend. So now, barring some good news, the market is probably going to challenge it’s prior pivot lows on both the daily (short term) and the weekly (longer term). Batten down the hatches, pickers, it’s very likely that there are more rough waters ahead.Comment
-
BlueWolf, Me and Mrs. Billy's retirement accounts are dominated by dividend paying stocks. Lows were on June20th of this year. They are up 14.5% from that date and we have withdrawn about 1% in cash since June 20th.
-------------------billyComment
-
Dividend paying stocks are a good idea in a bear market, and a good way to ensure you always have some kind of income from your investments.Originally posted by billyjoe View PostComment
-
Cramer recommended SPG, FRT and O tonight. I've had SPG for some time.Comment
-
PotY Contest Standings As of Market Close, Sep 16, 2022
Yet another week of thunder struck down the market this week and our picks paid for it. BillyJoe’s UTHR continues to be our only in-the-green pick and our leader. Minni17’s OGN and Antioch’s Dad’s AAPL hold down second and third respectively. There’s not much more to say at this point except “Ugh.”
PotY Contest Standings As of Market Close, Sep 16, 2022#ContestantStockL or SStartOpenCurrentPenaltyGain/LossRemembering 💔Riverbabe And Karel💔1BillyJoe UTHR Long 2/1/2022 $201.87 $ 218.11
8.04% 2Minni17 OGN Long 2/1/2022 $31.91 $ 28.61
-10.34% 3Antioch’s Dad AAPL Long 5/25/2022 $140.81 $ 150.70 20.00% -10.81% 4Dow DIA Long 2/1/2022 $351.08 $ 308.05
-12.26% 5Antioch GRBK Long 5/25/2022 $21.93 $ 23.00 20.00% -12.60% 6S&P SPY Long 2/1/2022 $449.91 $ 385.56
-14.30% 7Massimo IPA Long 2/1/2022 $6.18 $ 5.20
-15.86% 8Mr. Market TLPPF Long 2/1/2022 $4.90 $ 4.05
-17.35% 9NASDAQ QQQ Long 2/1/2022 $363.05 $ 289.32
-20.31% 10Jiesen QDEL Long 2/1/2022 $103.36 $ 81.78
-20.88% 11BlueWolf DOCN Long 2/1/2022 $57.34 $ 41.56
-27.52% 12Blind Squirrel HZO Long 2/1/2022 $47.06 $ 30.44
-35.32% 13JohnHenry RBLX Long 2/1/2022 $65.86 $ 39.50
-40.02% 14Louetta GBTC Long 2/1/2022 $26.24 $ 11.98
-54.34% 15Tiedyed1 AUPH Long 2/1/2022 $16.66 $ 7.30
-56.18% 16Vixtt’s SFT Long 2/1/2022 $2.29 $ 0.74
-67.58% 17Peanuts OZON* Long 2/1/2022 $20.67 $ 0.00
-100.00% * - Delisted because of Russia sanctions
Comment
-
UTHR hanging on by a thread.
--------------billyComment
-
PotY Contest Standings As of Market Close, Sep 23, 2022
Well, it was another lovely week for the market, and our picks got clobbered again. Our first place holder and sole pick in the green, BillyJoe’s UTHR, is hanging on by a thread. Our second and third place holders this week are Antioch’s Dad’s AAPL and Antioch’s GRBK. The market looks like it is nearing the bottom of it’s regression channel here, so I expect some sort of bounce this week unless we go into complete panic selling mode, which is a distinct possibility at this point. Let’s see what the winds blow this way, but as for the PotY contest this year, the die is cast. There will be no real winners this year.
PotY Contest Standings As of Market Close, Sep 23, 2022#ContestantStockL or SStartOpenCurrentPenaltyGain/LossRemembering 💔Riverbabe And Karel💔1BillyJoe UTHR Long 2/1/2022 $201.87 $ 207.62
2.85% 2Antioch’s Dad AAPL Long 5/25/2022 $140.81 $ 150.43 20.00% -10.97% 3Dow DIA Long 2/1/2022 $351.08 $ 295.86
-15.73% 4Antioch GRBK Long 5/25/2022 $21.93 $ 21.78 20.00% -17.24% 5S&P SPY Long 2/1/2022 $449.91 $ 367.95
-18.22% 6Minni17 OGN Long 2/1/2022 $31.91 $ 25.75
-19.30% 7Mr. Market TLPPF Long 2/1/2022 $4.90 $ 3.75
-23.47% 8NASDAQ QQQ Long 2/1/2022 $363.05 $ 275.51
-24.11% 9Jiesen QDEL Long 2/1/2022 $103.36 $ 72.58
-29.78% 10Massimo IPA Long 2/1/2022 $6.18 $ 4.00
-35.28% 11BlueWolf DOCN Long 2/1/2022 $57.34 $ 36.79
-35.84% 12Blind Squirrel HZO Long 2/1/2022 $47.06 $ 30.00
-36.25% 13JohnHenry RBLX Long 2/1/2022 $65.86 $ 35.54
-46.04% 14Louetta GBTC Long 2/1/2022 $26.24 $ 11.20
-57.34% 15Tiedyed1 AUPH Long 2/1/2022 $16.66 $ 7.03
-57.80% 16Vixtt’s SFT Long 2/1/2022 $2.29 $ 0.65
-71.51% 17Peanuts OZON* Long 2/1/2022 $20.67 $ 0.00
-100.00% * - Delisted because of Russia sanctions
Comment
-
Comment