Anything Can Happen™

ElCubano said:
Not looking good for me.
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I took 1/3 off here at $269.xx which was my target for Friday. Had it hit Friday I'd have taken it all off. Since it made me wait I'm going to see how it acts at/after the open. I will take another 1/3 at $282 if it gets there and then trail on the last 1/3.

Given its history at past BO's during its run since March, another retest of this BO level or lower certainly can't be ruled out, and that would get you out, e.g. 9/2 and 9/23.

How it acts during the first 5 - 60 minutes will be on both of our minds.
 
vanzandt said:
Hmmmmm.

I dunno. It sure wouldn't go in the granny portfolio just yet.
On this... watch the volume.
If it spikes go all in. But get out quick.
And if its anemic tomorrow... don't touch it.
jmho.
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I'm watching it. Decent volume, it seems to want to hold $65, but I think drop below that before the bell.
If it doesn't it may keep running.
 
vanzandt said:
I dunno. It sure wouldn't go in the granny portfolio just yet.
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lol I don't trade the Granny Portfolio. My Granny Portfolio is dead bang safe in deferred index annuities and over-funded cash value life insurance held inside one one of the oldest and safest financial companies in America. In other words, my Granny Portfolio is 100% cash and future cash income set up so that I'll be able to spend every dollar as though it were $3-$4 pre-tax.

Everything you see here has a time horizon of 3 minutes to maybe 3 months. This is how I make the $$$ that goes into the Granny Portfolio.

Regarding JKS, if it sets an entry for me my target is $87.xx, or about 20 points or so. Could get there is a day or a week or ... never. But I don't hold forever. Typical risk is usually about 1/4 of what my target profit is.

vanzandt said:
Man they made $0.09 last quarter(!).... it should be worth tenX this much. :rolleyes:
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C'mon VZ, this is momo trading. Things like earnings are for the smart guys who buy and hope forever.

I don't know what business half the tickers I trade is in lol.
 
BeautifulStranger said:
Dead people don’t buy stuff. More significantly is scared people tend to spend less, especially on decretionary spending, including travel. Further, there is a multiplier effect because businesses buy things from other businesses and have employees to keep busy. Adding another shutdown to already hard hit industries is a recipe for long term business and demand destruction.

Ever more QE will inevitably be less effective as productivity drops. In my opinion, we risk our economic base being reduced to food, toiletries, clothes, smartphones, and not much else as net purchasing power is reduced for most people.

As far as the equity markets are concerned, it may come down to people deciding to cash in their retirement account to beat almost certain price increases for basic goods versus uncertainty whether the equities markets can keep up with purchasing power reductions.

The policy decisions and events leading up to the above scenario may not happen. Even then, it may not play out the way I’m suggesting. However, consider relatively recently prosperous South American countries and their current economic conditions. “Once you break the model”, it is all downhill from there. Consider the case of Argentina and or Venezuela. There is a thread from a few years ago on ET that discusses what living was like during an economic collapse and what items became valued, such as oral hygiene products, 14 karat gold rings for currency, and good neighbors.

Bottom line, don’t become complacent and assume there can be no pain ahead.
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This is one of my "mark the post" posts.

I think retail has topped.

The #'s for last quarter came in strong af. Here's the thing though, those consumers that drove those numbers, aren't the people that are now praying for a stimulus package. They just want to pay their mortgage/rent/utilities. I love this predominating mantra that when we get a stimulus package from Nancy/Mnuchin that the market is gonna sky-rocket due to consumer spending. Uh-uh. We'll get a strong X-Mas, but those numbers will be driven by the same folks that drove last quarter's.

Q1 2021 is gonna be UGLY for retail. Any stimulus package we get now, a lot of retail stocks will soar on the news. Keep your powder dry for that day. The announcement can come out of the blue at any time now. When it does break and those stocks take off.... short the farm.

As an aside, you ES guys better keep your fingers on the trigger intra-day while you're scalping in and out, because if you happen to be short and that news does in fact break intra-day... you better have an upside stop if you are short at that moment. Either way, when the dust settles, that'll be a good time to get bearish imo.
-vz
 
vanzandt said:
This is one of my "mark the post" posts.
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I think we are near a top of some import. The market has now put the election behind it (in spite of Trump's post-election shenanigans) and has experienced 2, and counting AstraZaneca's announcement today, three positive Covid Vaccine catalysts. Yet here we are, still sitting inside the now four month range, with every new BO attempt getting sold.

I would still think we see $3820's trade before that pullback, but $3600 was an algo target and it has traded, so I just keep repeating my motto: "Anything can happen."
 
vanzandt said:
Oh and just so everyone here is crystal clear... I thought I'd do some screenshots.

Feel free to validate these.

Does it matter?
No.

And I would not give a hoot in million years....regarding his bs trading calls.... but he seems to take pride in them.

So why do I feel compelled to post it?

Out of spite.

For the last 7 months I have had to hear this moron's Q-Anon parroting of "its just a flu" and "there is no pandemic" and "I won't support a business that makes me wear a mask" and "the numbers are looking good"... and every other goddamn thing these idiots go on about.

Well I can't change all that, but I can sure as hell post that which I do understand and have remained mum on... just to let the world see his bs that he seems to take so much pride in.

He's not a trader, he's a fraud.

Here's "The Izzy Bottom" as it happened in real-time.



View attachment 244513
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Back when the DOW was near 14,000 he posted on the day before it topped to go all in. I'm too lazy to look for it, but I def remember it.
I've always wondered about guys like that...just do the opposite of what they say= $$$.
I think Ralph Acampora is in that category.
 
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