2017 Trading Thread - Page 23 - Business, Finances and Investing Forum

I have been buying dips on NOC since it broke out in early 2013 and it has displayed the most beautiful uptrend channel imaginable for the past 4 years. Any time it has shown weakness it has been a good buy and even when it showed strength

03-16-2017 , 01:39 PM

#553

ASAP17

Pooh-Bah

Join Date: May 2008 Posts: 5,882

Quote:

Originally Posted by ASAP17

I'm long China via FXI call spreads, don't see anything stopping (even Trump rhetoric etc) a breakout into low $40s with what is happening globally. Their US exposed stocks are breaking out already so it's a nice bit of a catchup that is the expectation.

Taking a bit longer that I would've liked but finally attempting to hit the gap post fed. Will take profits when my spread gets capped.

03-16-2017 , 02:42 PM

#554

snowman

old hand

Join Date: Sep 2002 Posts: 1,747

Shorted KBH today
posting highs today
earnings report due 3-23
law suits up the ying-yang
reaps of crash after earning
looks like pump n dumps are on this big time.

03-20-2017 , 02:10 PM

#555

ToothSayer

Carpal \'Tunnel

Join Date: Jul 2015 Posts: 13,237

Quote:

Originally Posted by ToothSayer

Interesting article on Greece. This is what tanked the markets a couple of times over the past few years. The situation has gone into the background as the bailout money has kept them afloat for a while, but it's slowly rearing its head again. With French elections as well I expect this will be a tumultuous year in Europe.

Lenders demand austerity amidst Greek bailout talks

This will be a market mover in 2017 for sure. Worth keeping an eye on.

Back on the horizon:

Traders Attributing Move Lower In S&P 500 Futures To Comments Made By Greek Finance Minister Euclid Tsakalotos Who Said They Can't Reveal If They Can Pay Debt Due In Summer

Small move today but this will move markets this year until they stabilize it or it all blows up.

03-20-2017 , 02:32 PM

#556

Clayton

Carpal \'Tunnel

Join Date: Oct 2004 Posts: 32,226

spoos are in a 3 handle range today, anyone attributing any move to anything is a headline seeking clown. i realize that sounds harsh but i can't overstate how little we should pay attention to anything on a 3 handle day.

not targeting tooth, targeting people who want reporters to cite them on their end-of-day market reports "oh this happened because this" zzzzzzz

but yes greece will eventually be a thing

03-20-2017 , 02:37 PM

#557

ToothSayer

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Join Date: Jul 2015 Posts: 13,237

So the volume drop happened EXACTLY at the moment the Greek finance minister made the statement. Professional news services agree and drew the connection at the same time. Comments like these move markets all the time.

Anyone who doesn't connect the two simply doesn't trade. Sorry man, you are dead wrong here.

I agree that post hoc theorizing is often a joke ("end of day", as you put it), but that doesn't fit into this category.

03-20-2017 , 02:58 PM

#558

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 39,966

That other dude that tailed me on CRBP still got any? I gotta think about selling here soon I'd think. Must be up 75%.

03-20-2017 , 05:01 PM

#559

Smokey_The_Bear

old hand

Join Date: Jan 2009 Posts: 1,739

This new job is KILLING me i can barely trade anymore.

Caught the end of that massive swing up in HOS today, in from $3.46 and doubled the position at $3.60. Planned on selling at the bell but im letting it ride til tomorrow... I envision a pretty quick exit once the bell rings.

03-20-2017 , 08:26 PM

#560

SenatorKevin

veteran

Join Date: May 2007 Posts: 2,905

Quote:

Originally Posted by SpursDynasty

Newbie question, but how do you see the amount of stocks that are bought for the day (log so to say)

You'd need a source or client that gives you access to the 'Times and Sales' feed for a given stock.

03-21-2017 , 09:37 AM

#561

ANONN123

Guest

Posts: n/a

Quote:

Originally Posted by Smokey_The_Bear

Hope you held through the open

03-21-2017 , 09:45 AM

#562

Smokey_The_Bear

old hand

Join Date: Jan 2009 Posts: 1,739

Got greedy, out at $4.08 on the drop. What a crazy open!

03-21-2017 , 10:17 AM

#563

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 39,966

Quote:

Originally Posted by rafiki

I think there's an easy short across the whole weed sector in Canada right now. Yesterday's move probably just the start. For those who missed, the feds basically said they don't expect a speedy route to legalization. So you've got growers with obscene valuations who probably wind up sitting on more product than they can sell legally. Quite curious what they do with the tons extra they will surely find themselves carrying.

Easy short confirmed easy. I think if WEED loses 10 here it's going to get juicy.

03-21-2017 , 10:28 AM

#564

DoctorZangief

banned

Join Date: Aug 2014 Posts: 2,559

Aphria and MJN are both doing fine. OGI is potentially undervalued depending on its lawsuit. *shrug*. Good to know there may be a buying opportunity soon. Aphria confirmed they're jumping up to the TSX tomorrow so I imagine there'll be a retail bump like there was for WEED unless it's already priced in...

I hope the PULM guy here has been making something off the bounce?

Quote:

Originally Posted by DoctorZangief

Sigh I don't know how I predicted USA.to and WYNN ...

Wynn popped back near 52w highs.

Last edited by DoctorZangief; 03-21-2017 at 10:53 AM.

03-21-2017 , 10:31 AM

#565

Onlydo2days

Carpal \'Tunnel

Join Date: Jun 2012 Posts: 19,271

Pretty sharp reversal in under an hour. From .30% to -.30% for S&P.

I read that there hasn't been a day with a 1% loss in over 110 days and the last time that happened was in 2007.

03-21-2017 , 11:19 AM

#566

ToothSayer

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Join Date: Jul 2015 Posts: 13,237

Good times. I call these days "myrna" days.

03-21-2017 , 11:24 AM

#567

Onlydo2days

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Join Date: Jun 2012 Posts: 19,271

What is the reason? Only thing I could comeup with was that Brexit is finally happening.

And I guess NK might attempt to end civilization as we know it.

03-21-2017 , 11:25 AM

#568

ToothSayer

Carpal \'Tunnel

Join Date: Jul 2015 Posts: 13,237

Can't see an obvious cause. There was talked of bond market moves earlier in the day.

03-21-2017 , 11:42 AM

#569

ToothSayer

Carpal \'Tunnel

Join Date: Jul 2015 Posts: 13,237

Enormous buy volume came in on SPY when it hit -1%. If this doesn't cause a sustained reversal we're in for a very ugly day.

03-21-2017 , 11:45 AM

#570

ASAP17

Pooh-Bah

Join Date: May 2008 Posts: 5,882

Woke up really excited, mainly because I raised more cash yesterday than I have in a couple years. Bring on the pain please, need to shake out some longs.

03-21-2017 , 12:05 PM

#571

ToothSayer

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Join Date: Jul 2015 Posts: 13,237

Quote:

Originally Posted by ToothSayer

Enormous buy volume came in on SPY when it hit -1%. If this doesn't cause a sustained reversal we're in for a very ugly day.

Sustained reversal since this moment. Amazing what a huge buy order can do.

03-21-2017 , 12:17 PM

#572

ASAP17

Pooh-Bah

Join Date: May 2008 Posts: 5,882

Not really lol...

03-21-2017 , 12:53 PM

#573

As1an1nvas1on

Pooh-Bah

Join Date: Jul 2010 Posts: 4,352

Quote:

Originally Posted by rafiki

Easy short confirmed easy. I think if WEED loses 10 here it's going to get juicy.

hmm kind of a funny day to confirm short bias, dont you think (not that I dont think a lot of names are overvalued). and legalization ≠ legislation

03-21-2017 , 12:54 PM

#574

As1an1nvas1on

Pooh-Bah

Join Date: Jul 2010 Posts: 4,352

Quote:

Originally Posted by Onlydo2days

What is the reason? Only thing I could comeup with was that Brexit is finally happening.

And I guess NK might attempt to end civilization as we know it.

spy lost 20sma on friday for first time in 2017, good signal for those spy puttttsss

03-21-2017 , 01:14 PM

#575

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 39,966

Quote:

Originally Posted by As1an1nvas1on

hmm kind of a funny day to confirm short bias, dont you think (not that I dont think a lot of names are overvalued). and legalization ≠ legislation

5 straight down days going into today wasn't enough? Or the fact that a day like today was precisely what a lot of people figured would take bites out of the most overvalued plays out there?

There's a reason why I sold things like AMD and PIRS recently. As Tooth has said before, it's only going to take little red blips to cause mass profit taking and panic to the exits. Anything that has recently had a significant run was probably worth trimming.

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