GBA Presents: House of Gummy-!

vanzandt said:
Well Stoney,
That would imply that the tapes are all showing incorrect data.
Now how would you explain that?
A conspiracy? A cover-up?
While that would be fun to joke about, unfortunately I'm 99.99999% sure that is not the case.
I mean look at the charts.
You are sitting here arguing that because Romaine said the stop sign is yellow... the stop sign is yellow.
If he was/is right, please, explain to me why it is not depicted on any chart anywhere.
More...



I would say you are using OBV or perhaps Index reshuffling #'s.

The day I posted I myself went to SA Chart and they post vol by the minute and I confirmed it- Then I had a relative who works at Bloomberg confirm it then I told the HF and they found it interesting.

So you are getting some blend of numbers.- All you need to do is hit the symbol Romaine gave you and the date on a Bloomy terminal.

You can do so many trades in a mili-second now that the difference between 10 minutes and 2 minutes is an Alpha multiplier X 5. Why wait till the very end of the day? What were the computers thinking?

I saw it as neg but I'm open to it being positive.. we shall see.

I follow the weekly close. So if we have a down week I'll assume we still have a down market. trend.
 
I think we should all just buy MANU here at $23 and take the summer off. Watch out for sharks out there on the beach btw. What's the water temp compared to the average this year? If it's cooler than normal, the chum fish swim closer in, and you know what that means...
 
Largest US Oil inventory drop in a while, despite constant SPR sales. Picked up some ATH at 2.65 Cdn as a day trade. ATH recent range roughly $2.60-$3. Watching my large LOU position to see if 0.52-0.54 area can be defeated; seems like a large seller to 0.52 is done and not a lot of sellers left. Will reduce at 0.64.
 
Last edited:
vanzandt said:
I think we should all just buy MANU here at $23 and take the summer off. Watch out for sharks out there on the beach btw. What's the water temp compared to the average this year? If it's cooler than normal, the chum fish swim closer in, and you know what that means...
More...


Did you see the n Carolina shark? hammerhead in about three feet of water!

With my ears clogged I don't think I will go in the water... and I don't really have a bathing suit here in the city...

HEADLINE:NAKED STONED STOCKPICKER WASHES ASHORE
 
stonedinvestor said:
I would say you are using OBV or perhaps Index reshuffling #'s.

The day I posted I myself went to SA Chart and they post vol by the minute and I confirmed it- Then I had a relative who works at Bloomberg confirm it then I told the HF and they found it interesting.

So you are getting some blend of numbers.- All you need to do is hit the symbol Romaine gave you and the date on a Bloomy terminal.

You can do so many trades in a mili-second now that the difference between 10 minutes and 2 minutes is an Alpha multiplier X 5. Why wait till the very end of the day? What were the computers thinking?

I saw it as neg but I'm open to it being positive.. we shall see.

I follow the weekly close. So if we have a down week I'll assume we still have a down market. trend.
More...
I don't know Stoney, the Journal chart is of total volume of the S&P 500 stocks. I can't see how that would be erroneous data.
 
Nine_Ender said:
Largest US Oil inventory drop in a while, despite constant SPR sales. Picked up some ATH at 2.65 Cdn as a day trade. ATH recent range roughly $2.60-$3. Watching my large LOU position to see if 0.52-0.54 area can be defeated; seems like a large seller to 0.52 is done and not a lot of sellers left.
More...
Wouldn't the large drop in inventory perhaps correspond to SPR purchases?
 
vanzandt said:
Wouldn't the large drop in inventory perhaps correspond to SPR purchases?
More...

Not likely when they were still selling at prices $3-$6 lower. The buy 2M story last month seems like total bs at this point they've sold 2M every week nonstop through mid-June. In any event the stocks are cheap the risk/reward here is quite good.
 
stonedinvestor said:
I believe Van has been working on a " regional Bank Value week. " That's something to look forward to next week.
More...
Well I wrote (before the last Fed meeting) that Powell would put to rest the banking crisis. He didn't do it that day, but he sure seemed to imply it today. Like I wrote last week, the next leg up could easily be fueled by a bounce-back in the financials. They weigh pretty heavy in the S&P and the Russell. In the Dow too really.

We might just see a nice run. PNC and FITB are both very solid, well run regionals with solid balance sheets aside from their CRE. And Powell seems to think CRE is not a problem. Sooo.... we shall see.
 
You must log in or register to reply here.
Back
Top