Buying today...
Bought some dogs of the dow: http://www.dogsofthedow.com/ddoggish.htm
I like the dividends...
Bought some dogs of the dow: http://www.dogsofthedow.com/ddoggish.htm
I like the dividends...
they're concerned that the policies they anticipated being replaced may not be replaced so easily
I think those fears will subside and the market will rebound
the VIX and volume are two leading indicators. The VIX gapped up violently a day ago,(see chart above). IT WILL fill the gap, what does that mean? lt will in time fall, Given its negatively correlated with the S$P, the S&P will rise
in terms of 'noise'- i believe this gap up had everything to do with the new Wash administration, investigation to unethical/illegal decision(s). Mr Muller to gather information and decide- a respected chap, bi-partisan. we shall see..
. Folks are losing confidence- panic, the chap may be impeached. I've already noted any impeachment of this odd gentleman is goign to lead to a correction. One thing im confident in noting; he's an inflater- how to fix the rising debt? inflate it away. The Great Uniter finally re-tweeted today...he's alive....that's good......
SPY
3 month daily
we know the VIX will come down to fill the gap, eventually, its FILLS ITS GAPS. The s&P ALSO has a gap to fill just north of current prices, see above
Once a gap is filled , 80% of the time it likes to bounce- we are seeing that today early on the s&p. Looks at its charts, its filling gaps from the silly euphoria of the france election . What shall it do going forward? got to see the candlestick at 3:45 pm- obviously 230-231 is a CRITICAL level, will it test that level and start channeling?
in terms of 'noise'- i believe this gap up had everything to do with the new Wash administration, investigation to unethical/illegal decision(s). Mr Muller to gather information and decide- a respected chap, bi-partisan. we shall see..
. Folks are losing confidence- panic, the chap may be impeached. I've already noted any impeachment of this odd gentleman is goign to lead to a correction. One thing im confident in noting; he's an inflater- how to fix the rising debt? inflate it away. The Great Uniter finally re-tweeted today...he's alive....that's good......SPY
3 month daily
we know the VIX will come down to fill the gap, eventually, its FILLS ITS GAPS. The s&P ALSO has a gap to fill just north of current prices, see above
Once a gap is filled , 80% of the time it likes to bounce- we are seeing that today early on the s&p. Looks at its charts, its filling gaps from the silly euphoria of the france election . What shall it do going forward? got to see the candlestick at 3:45 pm- obviously 230-231 is a CRITICAL level, will it test that level and start channeling?
wild close on the SPY-- looked like it would comfortably regain its 50 MVA- then late selling fired it below, could not hold.
here's an interesting chart
USO (OIL)
3 month daily
consolidating for 4 days. ABOVE the 20 MVA. Yesterday an indecision candlestick, on higher volume, often a signal it'll pivot. Today? opened lower then strong buying- bullish engulfing pattern, green candle.... but low volume-- if it can break this consolidation on higher volume and a green candle? would be sweet.....
May 25 OPEC meets, I believe. It's expected to cut production
here's an interesting chart
USO (OIL)
3 month daily
consolidating for 4 days. ABOVE the 20 MVA. Yesterday an indecision candlestick, on higher volume, often a signal it'll pivot. Today? opened lower then strong buying- bullish engulfing pattern, green candle.... but low volume-- if it can break this consolidation on higher volume and a green candle? would be sweet.....
May 25 OPEC meets, I believe. It's expected to cut production
USO has indeed broken. It's headed to test its 200 DMA; $10.84. May 25 th OPEC meets
http://www.marketpulse.com/20170523/opec-expect-no-surprises-may-25/
OPEC will likely agree to extend production cuts for another nine months, delegates said on Tuesday as the oil producer group meets this week to debate how to tackle a global glut of crude.
OPEC’s de facto leader, Saudi Arabia, favors extending the output curbs by nine months rather than the initially planned six months, as it seeks to speed up market rebalancing and prevent oil prices from sliding back below $50 per barrel.
On Monday, Saudi Energy Minister Khalid al-Falih won support from OPEC’s second-biggest and fastest-growing producer, Iraq, for a nine-month extension and said he expected no objections from anyone else.
The Organization of the Petroleum Exporting Countries meets in Vienna on Thursday to consider whether to prolong the deal reached in December in which OPEC and 11 non-members, including Russia, agreed to cut output by about 1.8 million barrels per day (bpd) in the first half of 2017.
..............
no idea what has caused the move- anticipation of good news from OPEC? or just a weak USD? combination? UUP was up nearly .50% and USO STILL had another higher high and higher low.
speaking of the USD.
3 month daily...we have life...BOOM!!!!!
1 year daily
http://www.marketpulse.com/20170523/opec-expect-no-surprises-may-25/
OPEC will likely agree to extend production cuts for another nine months, delegates said on Tuesday as the oil producer group meets this week to debate how to tackle a global glut of crude.
OPEC’s de facto leader, Saudi Arabia, favors extending the output curbs by nine months rather than the initially planned six months, as it seeks to speed up market rebalancing and prevent oil prices from sliding back below $50 per barrel.
On Monday, Saudi Energy Minister Khalid al-Falih won support from OPEC’s second-biggest and fastest-growing producer, Iraq, for a nine-month extension and said he expected no objections from anyone else.
The Organization of the Petroleum Exporting Countries meets in Vienna on Thursday to consider whether to prolong the deal reached in December in which OPEC and 11 non-members, including Russia, agreed to cut output by about 1.8 million barrels per day (bpd) in the first half of 2017.
..............
no idea what has caused the move- anticipation of good news from OPEC? or just a weak USD? combination? UUP was up nearly .50% and USO STILL had another higher high and higher low.
speaking of the USD.
3 month daily...we have life...BOOM!!!!!
1 year daily
what are your plans? long term hold, betting on the new CEO? Nice dividend while you're waiting for that ugly chart to turn. I know NOTHING about the company/sector/relation to its peers..blah blah..
F
5 yr weekly (each candlestick is a week)
vomit material. Trending down for nearly 3.5 years. Clearly, the bet here is that the new CEO can turn things around. You'd have to go back to Dec 2013 to see similar prices. Last week, the bleeding partially stopped as it formed a higher high and higher low.
3 month daily
for me, in looking for an entry point gotta see a break of this ugly downtrend. And even then, i'd scale in- 1/3rd position to start. When it breaks yet another level of resistance i'd add another 1/3rd or the remaining 2/3rds. So, gotta break 11.70. Then $12.60ish. That's one way to look at it. Some may say, no way, only buying once it breaks 12.60 (whenever that may be...)
of course, it MUST hold this level. Look below the 5 yr chart- what do you have there? no mans land
my 2 cents......GL
F
5 yr weekly (each candlestick is a week)
vomit material. Trending down for nearly 3.5 years. Clearly, the bet here is that the new CEO can turn things around. You'd have to go back to Dec 2013 to see similar prices. Last week, the bleeding partially stopped as it formed a higher high and higher low.
3 month daily
for me, in looking for an entry point gotta see a break of this ugly downtrend. And even then, i'd scale in- 1/3rd position to start. When it breaks yet another level of resistance i'd add another 1/3rd or the remaining 2/3rds. So, gotta break 11.70. Then $12.60ish. That's one way to look at it. Some may say, no way, only buying once it breaks 12.60 (whenever that may be...)
of course, it MUST hold this level. Look below the 5 yr chart- what do you have there? no mans land
my 2 cents......GL
Ford (F) is not a good investment at all. They have major problems and they are going to need to put out some big incentives AGAIN to move units by year end. They have a glut of inventory due to overproducing and this is has and will continue to hurt their bottom line. While the dividend the yield look great, what happens IF they cut back on the dividend? The stock will crash and burn further. It's unlikely they can continue with that dividend.
You are way better off with MO.
You are way better off with MO.
The above was posted on April 28th. I thought it would be interesting to see how things progressed a little over a month later.
Altria (MO) -- Closing Price April 28th: $71.78 Closing Price Today: $75.42 Gain of $3.64 or 5.07% Gain
CSX -- Closing Price April 28th: $50.84 Closing Price Today: $54.33 Gain of $3.49 or 6.86% Gain Also went ex-dividend May 26th which means you get even more $
MGM -- Closing Price April 28th: $30.71 Closing Price Today: $32.37 Gain of $1.66 or 5.40% Gain
WYNN -- Closing Price April 28th: $123.01 Closing Price Today: $133.59 Gain of $10.48 or 8.52% Gain
BYD -- Closing Price April 28th: $22.68 Closing Price Today: $25.67 Gain of $2.99 or 13.18% Gain
CACQ -- Closing Price April 28th: $17.45 Closing Price Today: $18.50 Gain of $1.05 or 6.01% Gain
DAL -- Closing Price April 28th: $45.44 Closing Price Today: $49.85 Gain of $4.41 or 9.71% Gain
AAL -- Closing Price April 28th: $42.62 Closing Price Today: $49.05 Gain of $6.43 or 15.08% Gain
One I said to stay clear of:
T -- Closing Price April 28th: $39.63 Closing Price Today: $38.82 LOSS of $.81 or 2.04% Loss
This will be about the fifth time I have posted stocks to buy over the course of the last few years and as you can see once again I have delivered for you. Did you make money? Or were you foolish to pull all of your $ out of the market?
It better be you made money because if you did what I said, you made a KILLING !!!! Smallest gain of 5.07% out of all listed, you certainly couldn't have gone wrong unless you didn't listen or pulled all of your $ out of the market......................
Great job Pizzaman. So it's no longer Apr 28. It's now June 1. The market just popped through what I thought was the key resistance point of 21115. Looks like another leg up right in front of us. What are your thoughts now? Clearly you understand this game better than most of us. Same stocks? Any additions? Subtractions?
Thanks for your input.
Thanks for your input.
wanted to post an updated chart of a sector I touched on awhile back. When Trump won last Nov, this sector exploded. I believe two factors help fuel it;
-possible repeal of Dodd-Frank
-an anticipated inflationary environment
Fed has raised rates twice already and likely yet another rise in July. Check
this past week was a big one for this sector as the dismantling of Dodd-Frank passed step 1. Heads to the Senate. Depending on what you read, the current bill as written has no chnace. But they likely modify adn get 'er done. Don't know. BUT, getting through step 1 has been accomplished and the sector rejoiced
XLF (the financials)
decade , monthly
the 6 month daily
have no intention of reading the current bill, recommended changes as..........i dont give a shit. Did read an article mentioning the fiduciary rule would be repealed? That would be sad, as the average American has no clue about the financial industry. Left to the wolves.
-possible repeal of Dodd-Frank
-an anticipated inflationary environment
Fed has raised rates twice already and likely yet another rise in July. Check
this past week was a big one for this sector as the dismantling of Dodd-Frank passed step 1. Heads to the Senate. Depending on what you read, the current bill as written has no chnace. But they likely modify adn get 'er done. Don't know. BUT, getting through step 1 has been accomplished and the sector rejoiced
XLF (the financials)
decade , monthly
the 6 month daily
have no intention of reading the current bill, recommended changes as..........i dont give a shit. Did read an article mentioning the fiduciary rule would be repealed? That would be sad, as the average American has no clue about the financial industry. Left to the wolves.
