MARKETS,Anybody even yet?

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FAA
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Re: MARKETS,Anybody even yet?

Post by FAA »

-0.1%, -0.2%, -0.25%. I was -0.13% today. Okay given Mon/Tues.

dinghy
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Post by dinghy »

FAA wrote:
Wed Oct 05, 2022 2:48 pm
Okay given Mon/Tues.
At this morning's low, SPY was -2% almost. It surged all the way back to green before sliding a tad into the close. It looks like it wants to go up, and do you know what that means?

I don't think it means anything.

olds442jetaway
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Post by olds442jetaway »

My crystal ball isn’t working just when I need it most! 😬 probably wrong in predicting another mild sell off Thursday.

dinghy
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Post by dinghy »

olds442jetaway wrote:
Wed Oct 05, 2022 9:43 pm
My crystal ball isn’t working just when I need it most! 😬 probably wrong in predicting another mild sell off Thursday.
Directionally correct.

Image

dinghy
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Post by dinghy »

Bad beats.

I mentioned my FNHC which squeezed up to almost 70c intraday Monday. Now it's back to 0.20 and headed for a wipeout. I guess I was lucky for the opportunity to lighten up, but I didn't sell enough.

Also WDOFF Wesdome Gold:

Image

Still love it, but wanted to trim exposure after the run-up. Bid-ask was 7.45 - 7.48. Put in my sell order at 7.47 and the stock immediately crashed 10%. Probably would have executed at 7.46.

Same story same day with GDXJ, although it didn't reverse as hard.

Tomorrow: monthly non-farm payrolls.

FAA
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Post by FAA »

-0.7% for my index. I was -0.54% today. I just hope that tomorrow will be a wash.

wildman49
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Post by wildman49 »

FAA wrote:
Thu Oct 06, 2022 8:35 pm
-0.7% for my index. I was -0.54% today. I just hope that tomorrow will be a wash.
Hope is not a way to invest, a muti year bear market is under way.

dinghy
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Post by dinghy »

FAA wrote:
Thu Oct 06, 2022 8:35 pm
I just hope that tomorrow will be a wash.
A car wash with the windows open. Payrolls news was good, which is "bad" because it enables the Fed to hike.

QQQ is -1.5% on the news, gold miners -2%.

Edit: QQQ -2%, GDX -2.5%.

wildman49
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Post by wildman49 »

Sold half my SQQQ holding rest if we crash on CPI report next week. Sold to soon but I like to lock in profits. My account closing in on even for the year thanks to SQQQ

dinghy
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Post by dinghy »

When the market has a big move for a stupid (in my opinion) reason, I trade the other side.

This morning I've added more T and VZ. Also DNB and YORW.

I'll add more TLT (or VGLT) if it drops another two bits.

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