GBA PRESENTS- the public games

From way back in July:
The likelihood of Trump win/loss will be manifested in the markets by an inversely proportional move in the indexes. He wins, we go down. He loses, we go up. And the markets will reflect that, reacting in kind to what is actually going on - prior to the election. And that is 1000% going against the grain. But I'm right.
upload_2024-9-13_10-45-2.jpeg
 
I was bidding this weekend at a large multi-state on-line auction for a piece of equipment, but you know what I noticed, they had like 50 brand new 12,500 Watt home generators that listed for like $1800, DeWalts, and they all sold for around $400-$500. I don't need one or I'd have bought one.

The point is... America may be flush in back-up power supplies. The thought crossed my mind... is GNRC gonna miss? I mean we are supposedly going to have a big hurricane season... I fail to see how DeWalt would fire-sale brand spanking new generators that are large enough to power a decent size home. And these were tri-fuel too. Ie, gasoline, propane, or natty.

The Peter Lynch short report.
$157--->$140 :wtf:
 
Still nobody has claimed the prize-- why is SEPT 20 D Day???

You have to ask yourself a few questions.

1> Why did the Gov relax the bank's standards for cash on hand. Was it just aggressive lobbying which is the story going around town. or is something else up. Does that money need to be freed up for something else. Banks have started selling off after that bit of very good news a 50% lowering of requirements is huge.. My antennas went up.

2> What will retail sales look like. I think very bad.


The major argument always against .50 is that it will spook the market,... something terrible is down the road.. but in this case things are slightly different. The market i think would reward it.

I for one am always for .50 to start a cycle. I would of done it in June/July.

“If the Fed cuts by 25 basis points next week, they are putting themselves behind the curve,” said Bryan Whalen, chief investment officer at The TCW Group. He said momentum for a half-point cut next week will increase should retail sales data show unexpected weakness ahead of the Fed meeting concluding. “If they only do 25, that’s more bullish for bonds because it means the Fed will have to be more reactive down the road.”

A sharp rally in the October fed funds futures contract over Thursday’s afternoon session was met with a heavy drop in open interest in the contract, a sign of traders quickly covering wagers on a quarter-point move with the prospect of a bigger cut once again on the table.

Citing the current Fed policy rate of 5.25% to 5.5%, “they are a hundred basis points too high,” said Gregory Faranello, head of US rates trading and strategy for AmeriVet Securities. “If Powell wants 50, they will go; the other members of the Fed will jump on board.”
The S&P is within 1% of an all-time high coming into what could possibly be a hotly disputed Presidential election and any chaos that might go along with that. Of course we'll pull back at some point. Use my 5734 as a high if we get there. :sneaky:
You heard it here first.
 
ONON any thoughts as to sell? $27----->$49

Guys you can help me out I have no wheels of steel out here just my wife's laptop.

Can anyone give me a read on ONON? It's been massive.

Also I noticed the ABBV reference here/ that tailwind is being felt right now! (
(SGRYSurgery Partners, Inc.)


$30.69 0.73(+2.44%)10:52 AM 09/13/24
NASDAQ |$USD |Realtime




I realize one shoe idea I left out and it has yet to take off. YEAR24 stk ONON// Last seen at $27.

AbbVie cites tailwinds to Botox business from weight loss drugs<-------

Makes perfect sense... Botox & then what... Victoria Secrete!!!

#12856 Feb 2, 2024////


ABBV AbbVie Inc.- was $168 at the time of this call. $193 now/


ONON was $27. $49 now.

I think all of my posts are beautiful but an this one made you some money/

watch-->ABBV AbbVie Inc.

$193.63-0.39(-0.20%)10:57 AM 09/13/24
NYSE |$USD |Realtime
 
Hell of a call! I bought AVGO instead at $138-$140s. Should have added ARM!



AVGO is an interesting co. I notice some of these tech stocks are showing the same pattern of a head and shoulders. Using the Aug lows and the recent lows.

Broadcom-
Aug 7 = $136 left shoulder

Sept 6 = $137 Right shoulder

Aug 20 = $165 Head.

We just used this principle on another name I forget which one... but we can draw some larger pictures here for tech which is that many stocks most likely have this lower level H&S set up...
 
Ted I wonder if you had a bit of a SAVANT moment there with ELF

check this out:

Elf Beauty initiated with bullish view at B. Riley, here's why » 17:14 ELF B. Riley initiate :thumbsup:

Ulta Beauty initiated with bearish view at B. Riley, here's why » 17:13 ULTA :thumbsdown:




ELFe.l.f. Beauty, Inc.- Confusing set up. Vol spike not big enough on the 11th but close to a bottom then. Same vol stick on the 9th a bit shorter that one sold the stk off and the 11th got it moving back up// an argument can me made that $108-$109was the bottom.


$119.86 5.19(+4.53%)11:07 AM 09/13/24
NYSE |$USD |Realtime
 
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