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USA Stock Discussion v8, Brexit: What happens now?
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yok70
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May 4 2017, 03:30 AM
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QUOTE(danmooncake @ May 3 2017, 10:43 PM) For the long term hold (like AAPL, SPY, GOOG, etc), I'm not actually selling the stocks but use the covered calls strategy. AAPL would have been nice to sell more yesterday before it tanks. The premiums were juicy. Hot stocks like them also got tons of buyers waiting at the lower level. It won't tank much but hopefully won't rise back until after the out-of-money options have expired. thanks for sharing. this bull is just too strong, too many buy on dips people here which making the overall market very hard to tank meaningfully.
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danmooncake
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May 4 2017, 10:02 PM
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Guys.... look at DWT... last high price target has been breached. Oil now in the 46.xx area.
Be nimble here..
The floor here could be weak. Next range could be $40-45
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AVFAN
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May 4 2017, 10:55 PM
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QUOTE(danmooncake @ May 4 2017, 10:02 PM) Guys.... look at DWT... last high price target has been breached. Oil now in the 46.xx area. Be nimble here.. The floor here could be weak. Next range could be $40-45 rig count still rising, small stocks draw. unlike previous months, opec, russia officials say nothing. likely it will decline further until opec meet may 25.
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yok70
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May 4 2017, 11:23 PM
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oil down, gold down, index neutral....for now....but can hold for how long? fed said rate stays, that's what hold the index for now?
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danmooncake
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May 5 2017, 12:02 AM
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Ok... Oil $45.xx, here come comes opportunities  or could be some trap as well.  Tread carefully. This post has been edited by danmooncake: May 5 2017, 12:02 AM
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icemanfx
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May 5 2017, 12:09 AM
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Russia will likely encourage opec to tighten production further and arabs are likely to concur; while russia, u.s and europe are pumping more than ever.
This post has been edited by icemanfx: May 5 2017, 12:09 AM
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yok70
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May 5 2017, 12:24 AM
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ok, now index follows the drop....lets see if "buy on dips" bulls able to hold the index later....
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yok70
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May 5 2017, 01:10 AM
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oil bears are the strongest bears around for now...
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AVFAN
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May 5 2017, 07:31 PM
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QUOTE(yok70 @ May 5 2017, 01:10 AM) oil bears are the strongest bears around for now...  since last night... QUOTE Malaysia's clogged oil shipping lanes underscore failure to reduce glut http://www.reuters.com/article/us-malaysia...c-idUSKBN18107Joil fell another 2% today after 5% last night. then... QUOTE Both benchmarks trimmed losses after Saudi Arabia's OPEC Governor Adeeb Al-Aama told Reuters OPEC and non-OPEC nations were close to agreeing a deal on supply cuts.
"Based on today's data, there's a growing conviction that a six-month extension may be needed to rebalance the market, but the length of the extension is not firm yet," the Saudi official said.
OPEC sources said on Thursday OPEC was likely to extend cuts when it meets on May 25 but said a deeper cut was unlikely. OPEC and non-OPEC states initially agreed to cut 1.8 million barrels per day (bpd) in the first six months of 2017.
Brent traded volumes on Thursday reached an all-time high of nearly 542,000 contracts suggesting hedge funds had accelerated cuts in their long positions.
"It is now-or-never for oil bulls," said U.S. commodity analysis firm The Schork Report. "They either put up a defense here or risk further emboldening the bears for a run at the $40 threshold (for WTI)."
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danmooncake
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May 6 2017, 11:47 AM
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AAPL looks as if nothing has happened... no bad earnings at all.
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mikehwy
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May 6 2017, 12:58 PM
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QUOTE(danmooncake @ May 6 2017, 11:47 AM) AAPL looks as if nothing has happened... no bad earnings at all.  oh. nflx and fb are quietly closing on aapl price. will b a good race between technologies and marketing of apple. also, shale players are surfacing in greater numbers. i just cant see any real drivers sustaining crude price, except of couse those opec cut talks. wonder what will happen to the markets if crude dives below 40!!!!
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icemanfx
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May 6 2017, 01:22 PM
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QUOTE(mikehwy @ May 6 2017, 12:58 PM) oh. nflx and fb are quietly closing on aapl price. will b a good race between technologies and marketing of apple. also, shale players are surfacing in greater numbers. i just cant see any real drivers sustaining crude price, except of couse those opec cut talks. wonder what will happen to the markets if crude dives below 40!!!! If crude oil dropped below $40 will be beneficial to consumers, companies (non o&g) earning and aggregate economy; GDP growth in g7 countries will accelerate and more sustainable. This post has been edited by icemanfx: May 6 2017, 01:23 PM
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yok70
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May 7 2017, 06:51 AM
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QUOTE(danmooncake @ May 6 2017, 11:47 AM) AAPL looks as if nothing has happened... no bad earnings at all.  ya, even with the "delay iphone sales" issue....i mean, what? issue?
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mikehwy
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May 8 2017, 11:26 PM
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Oooo, crude dipping to 46 anytime. malaysian gomen is going to reduce petrol by another 2 sen???
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yok70
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May 9 2017, 02:15 AM
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wow...vix below 10!
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danmooncake
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May 9 2017, 12:22 PM
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QUOTE(yok70 @ May 9 2017, 02:15 AM) wow...vix below 10!  Oh uh.. the calm before the storm again. Time to buy protection again. This post has been edited by danmooncake: May 9 2017, 12:22 PM
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danmooncake
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May 10 2017, 10:35 PM
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Ok guys... wti back to the lower range of 45.xx - 50.xx Buying here is safer.
Now is at 46.xx, got almost a dollar gain. Hoping that it will continue to rise up till week of May 25th before OPEC decision, I think the market will sell into the news.
Going to ride this up from here with a tight stop at $45.
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ILoveLalat.net
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May 10 2017, 10:51 PM
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Anyone here long UVXY? I have been noticing that this stock market has been very quiet ever since Trump win. Something not right?
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icemanfx
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May 11 2017, 12:19 AM
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QUOTE(danmooncake @ May 10 2017, 10:35 PM) Ok guys... wti back to the lower range of 45.xx - 50.xx Buying here is safer. Now is at 46.xx, got almost a dollar gain. Hoping that it will continue to rise up till week of May 25th before OPEC decision, I think the market will sell into the news. Going to ride this up from here with a tight stop at $45. It read like some syndicate is persuading opec to limit production; while they increase their output and market shares. it may take a while for arabs to realize the game. This post has been edited by icemanfx: May 11 2017, 12:35 AM
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talexeh
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May 11 2017, 11:01 AM
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$SNAP is dropping like a fly. Gonna see how it trends tonight.
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