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Stock Thread (37 Viewers)
- Thread starter St. Louis Bob
- Start date
You were saying? Maybe I will get another chance at 1650. Might have to lower the limit.
Bossman
Footballguy
amzn order in for 10 @ $1706.
... which means bottom will either be $1706.99 .... or $1650.
<_<
Capella
Footballguy
Earnings report is Thursday so it’s a good time to buy. Won’t get back to where it was but should be a jump from today.
Yep. I’ve got a presentation at 1, but I’ll be checking for an end of the day rout. I think earnings will be very solid.
Capella
Footballguy
?Target bottom is between 2650 and 2600. This was the big one I was hoping to sit on the sidelines and wait for.
We have panic selling which is good. Need to wash out all the excess margin bets.
If Dr. Doom shows up & says it's just the beginning, then we are close to the bottom.
We have panic selling which is good. Need to wash out all the excess margin bets.
If Dr. Doom shows up & says it's just the beginning, then we are close to the bottom.
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St. Louis Bob
Footballguy
Did a little buying at the end of the day.
ETA
Very little. Still about 65% cash/bonds.
ETA
Very little. Still about 65% cash/bonds.
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Well holy hell I missed a rout. My 1650 didn’t trigger. I may remove that now and see where we start tomorrow. I guess it wasn’t a good idea to jump back in a week and a half ago. Still have about half in cash but could have bought a nice chunk more.
Bob Sacamano
Footballguy
Thanks Trump!
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proteus126
Footballguy
I don't sense panic. The real panic starts if it breaks significantly below 2581 or so, where Feb and April bottoms are, and keeps going. Its about time we had a real nasty one.
Capella
Footballguy
I don’t blame you. I think I looked at 10am and never got a chance again. Came close to my limit order. Definitely thinking about getting more of both the stocks I bought. I just don’t know if great earnings will pop enough.
Capella
Footballguy
Yep. I’ll be watching early to see what to do. Seems like late day swoons are the norm now and I’ve got enough cash to have some fun or at least reducing my cost basis.
skycriesmary
Climbing up the Walls
Below are 3 different Elliott Wave guys discussing S&P this morning: Pretty sure I'm gonna pay the $100/month. I'll tell you this, they do not believe this is the big one. They have already said it comes next year at the earlies but will come. That's a 20-30% drop that they are saying is coming but not before a last rally taking the S&P over 3000. He may be right that it gets close to 30K but then you may be right that it plummets. If I would have taken their advice, I would have been out and on the sidelines sometime in mid September. Next time I'm runnign when they say to. They don't appear to care a rats ### about who is in office. They say Trump however will be in office when it happens.
I know that my micro count can still potentially push us lower, but please recognize where we are. We are quite close to the targets we set for this a-wave to the downside. Moreover, we are now more oversold in the IWM than we were in 2011 or 2016. Now, my main expectation, especially in the IWM, is that the next big rally will be corrective in nature, as there is no divergence whatsoever to even consider in the IWM. But, we are getting VERY close to the end of this decline imho.
This Bullish B Wave Scenario is rolling around in the back of my mind at the moment. We're no where close to it taking shape...yet. If bearish symmetry is taken out (2,765), then it will roll on up to the front of the line as I think a B wave to just 2,828 is too generally accepted. We'll have to see how this bounce takes shape if yesterday's low 2,651 can hold.
SPX - I think it's quite unlikely that this is in a wave ((iv)) of a diagonal per the blue count with today's break down lower. So this leaves us either having topped in the red wave ((3)) or the yellow wave ((b)) of 4. In both cases, it looks like we saw an ending diagonal into the September highs which would have had an origination point down around the 2550 area. So while we do have some fib support levels between current levels and that 2550 level, a continued sharp drop to that zone prior to getting much of a bounce really would not surprise me at all. 2646 then 2596 are the next two key larger degree fibs that I am watching but if those let go I think 2550 likey gets hit before we get much of a bounce.
This was from a couple days ago: https://www.marketwatch.com/story/a-bigger-decline-in-the-sp-500-is-probably-months-away-2018-10-22
….And when the market finally completes its a-wave down toward the 2,600 region, I think we will have a buying opportunity for a rally back toward at least 2,800 points, (I guess that's possibly starting right now)with some potential still being retained for the rally to 3,011, as mentioned earlier in this analysis. But once that rally off the 2,600 region is completed, that will likely begin our setup for the drop down to as low as the 2,200 region in 2019.
Seems it's possibly going to happen before 2020 which will probably sweep him out of office if the scenario above happens.
Mario Kart
Footballguy
Haven’t checked my IRA in a bit but it is now in the negative for this year. I don’t want to sell because the dividends are still good so it’s more like riding the wave. Don’t have money to buy however if this wave isn’t over, might have to look into reallocating some monies.
My order for 1650 just missed. It ended around 1660 yesterday. Would have been a nice hit, I shouldn’t have set it that low. SMH. Would have been nice to DCA what I bought in the 1700s right before when it hit 1685. I hate when work gets in the way.
Bossman
Footballguy
Read your post and was trying to figure out why my buy didn't trigger ... I selected it for "one day" and it expired ... and I missed that dip yesterday altogether.stbugs said:My order for 1650 just missed. It ended around 1660 yesterday. Would have been a nice hit, I shouldn’t have set it that low. SMH. Would have been nice to DCA what I bought in the 1700s right before when it hit 1685. I hate when work gets in the way.
Sheesh. I'm gonna miss out on a big rip when earnings report is released. ... is it today?
GROOT
Footballguy
the is the only one i've been watching closely. Red Dead is huge for all gamers.
Yes, earnings tonight and I have 0 doubt it will be a blowout. I never even looked at the market yesterday. I definitely would have bought at the end of the day. My limit order was an open forever one and of course I didn’t get lucky.
Capella
Footballguy
Not sure, but I think with the recent turbulence I have to add some caveats. If it’s 1740s at close and they blow it out, 1800.
Might be underselling it now. Damn, it’s still far away from the 2k+, but I’m kicking myself for not looking at the market at 3:45 yesterday. I’m up over 7% today mainly due to being heavy on individual stocks including AMZN.
St. Louis Bob
Footballguy
St. Louis Bob
Footballguy
amazon, WAIT!!!!!!
St. Louis Bob
Footballguy
5.75 vs $3.14 per share profit, missed top line. :( Guidance for 4Q lower. Thanks Obama
St. Louis Bob
Footballguy
Google beat estimates $13.06 vs $10.42, also missed top line
Bob Sacamano
Footballguy
St. Louis Bob
Footballguy
St. Louis Bob
Footballguy
Oh well, some great buying opportunities. Going to put a big chunk of teh monies to work on 11/5.
St. Louis Bob
Footballguy
Bob Sacamano
Footballguy
