Gotta love Wall St

[canceled.2021.1]

Apple earns $13 billion and the stock tumbles 5% in after hours.

On a side note, I thought today would be an up day after Thursdays and Fridays bloodbaths.

Keeping an eye on 1775 in the S&P as next support. That is the big one. That falls for two consecutive days and we may be heading for 1600.

Now may be a good time to lock in some profits. I have been in cash since December. The gains of December have all been given back.

 

[The Dude]

Record iphone and iPad sales.
The quick money momentum guys have the ball now and the move is down!

 

[canceled.2021.1]

Record iphone and iPad sales.
The quick money momentum guys have the ball now and the move is down!

Yup. Did you hedge your position?

My FXI puts have returned 48% so far. I think it could be a triple bagger.

Took a small short position with stop loss at 1800. If it breaks below 1775 then look out below


What is interesting is that the rich muckety mucks were at Davos telling everyone things are rosy and then we get that big move down. You don't get that big a move without the big money moving. JMO

I am really surprised we ended up with a down day today. I wonder if Apple will drag the market down tomorrow.

I need to check out Apple chart. May be a buying opportunity soon

 

[The Dude]

25 percent up last year
A long time since a ten percent drop
Ten percent drops are nearly annual
Not a big deal

 

[canceled.2021.1]

25 percent up last year
A long time since a ten percent drop
Ten percent drops are nearly annual
Not a big deal

If it breaks through 1775 I think it is going to be bigger than 10%

 

[Anti-Party]

I'm sure that this post explains why the most extreme members of both bias parties are so bias.

These two are both classified as the least educated members of their party in the forum.

To see them come together and discuss their reason behind what they want for America is epic.

 

[canceled.2021.1]

I'm sure that this post explains why the most extreme members of both bias parties are so bias.

These two are both classified as the least educated members of their party in the forum.

To see them come together and discuss their reason behind what they want for America is epic.

WTF are you talking about?

 

[The Dude]

He's poor sits on his couch while his wife works.
I don't believe this is the end of the bull market
Just a correction.

 

[The Dude]

Good time to buy Exxon or Conoco.
Nat gas just broke $5 again

 

[canceled.2021.1]

Good time to buy Exxon or Conoco.
Nat gas just broke $5 again

I am just looking at charts and I don't like the way COP looks. From a chart perspective, I would wait to see if XOM holds support at $92 before I would enter a trade there. If $92 doesn't hold then I wouldn't buy.

$520 is key support for Apple right now. I would need to see if that holds before I would consider buying. If it doesn't, the it is likely to head to the $470s

JMO

 

[The Dude]

That's the difference between chart reading and investing.
I don't really care what It does for a year or two.
Especially with oil.

 

[canceled.2021.1]

That's the difference between chart reading and investing.
I don't really care what It does for a year or two.
Especially with oil.

Yeah I hear ya, but if you are going to maximize profits, you have to select good entry points.

There is a saying. Never try to catch a falling knife.

Take Apple. It is a phenomenal investment. I just don't think now is a good time to buy

 

[The Dude]

Today's open will be a chance of a decade to buy apple.
If I had 200k in cash I'd put half in apple
It's going to open close to 500.

 

[canceled.2021.1]

Today's open will be a chance of a decade to buy apple.
If I had 200k in cash I'd put half in apple
It's going to open close to 500.

Maybe. I think it is a great company. But right now the technicals aren't good. I made some good money trading apple a couple of years ago. Sold and missed the run to $700.

I need it to climb above $520 before I think about entering

 

[The Dude]

I can afford to wait apple out for 5 years.
If I sell at a loss then at least I can reduce my tax bill.

 

[canceled.2021.1]

I can afford to wait apple out for 5 years.
If I sell at a loss then at least I can reduce my tax bill.

Just curious. Do you make use of stop loss orders at all? Do you use stop limit orders?

 

[The Dude]

No option, no limit, no stops
I buy intending to get 10 plus percent long term
If I get a couple quick percent I often sell
I have usually 5 or so stocks I want yo buy.

 

[Teflon Don]

No option, no limit, no stops
I buy intending to get 10 plus percent long term
If I get a couple quick percent I often sell
I have usually 5 or so stocks I want yo buy.

With all due respect, you should seriously start thinking about learning technical analysis. You can pick the greatest company in the world but if you don't buy at the right time you are sacrificing gains.

I know you busy my balls about calling shorts, but I have been right about major support and resistance levels. I was right about closing below 1815. I was right about 1850. I am also being proven right about 1775 being next price to take out. I saw it fall to 1772 today and it immediately triggered buyers. That is why I like to wait to get two straight closes below support to confirm trend or two straight closes above resistance.

I say this not to blow smoke up my own tush, but to just say you may be missing out in some profit by ignoring technical analysis. Good luck. 2014 is going to be a wild ride

 

[The Dude]

I do what the richest do!
I've spent years studying them
Zero of them do it!
No offense, you miss way more than you hit.

 

[Teflon Don]

I do what the richest do!
I've spent years studying them
Zero of them do it!
No offense, you miss way more than you hit.

I track it. I hit 61% of my trades.

The rich sell. Who do you think is driving this sell off? It ain't retail.

Closed at 1774 today