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Old 05-25-2022, 02:44 PM   #4021
Rex Phinney
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Looks like S&P futures and the 20MA will meet somewhere around the 4000 mark...a perfect "natural" resistance level...look for it at a store near you

So we should sell the baby rally there?
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Old 05-25-2022, 03:12 PM   #4022
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It's at 3995 now...lol...

20MA = 4043

It moved up faster than I anticipated I guess...so 4000 might not be the resistance level...might go a little further than 4000...let's call it 4022
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Old 05-25-2022, 04:32 PM   #4023
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i am always very leary of these big moves up when the market is coming apart at the seams. they are selling off NVDA and SNOW off not bad earnings after hours.

there could be upgrades on valuation in the morning on these two that would support price, but i highly doubt it. tomorrow we might finally have an S+P closing price under 3800.
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Old 05-25-2022, 04:35 PM   #4024
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Pepsi

last week i touted Pepsi as a good short. stock has been dropping after the CEO unloaded $800,000 worth of stock..

please pay close attention to companies like McDonalds and Coca-Cola, they should come apart as well. i will remain short these names for a long, long time to come.
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Old 05-25-2022, 05:00 PM   #4025
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It's at 3995 now...lol...

20MA = 4043

It moved up faster than I anticipated I guess...so 4000 might not be the resistance level...might go a little further than 4000...let's call it 4022
Although it did come might close to 4000 today (3997.75).

If the market is weaker than I think, maybe 4000 will be the level and we go down from here...who knows...

Keep an eye on that 20MA
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Old 05-25-2022, 05:28 PM   #4026
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i have a friend that owns independent gas stations. he is telling me that he has a problem with the per gas per gallon price at the pump because he doesn't have enough digits if the price per gallon gets to $10.

if the price does make it to $10 a gallon, i wonder how many people will be at the McDonald's drive-through windows all over America ordering Big Macs?
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Old 05-25-2022, 05:32 PM   #4027
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a week ago, The Astro's, one of the top teams in baseball, were at Fenway Park playing the Red Sox. the weather was in the 70s and there were less than 20,000 people in the stands. 3 years ago, this game would have been standing room only.
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Old 05-25-2022, 08:39 PM   #4028
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last week i touted Pepsi as a good short. stock has been dropping after the CEO unloaded $800,000 worth of stock..

please pay close attention to companies like McDonalds and Coca-Cola, they should come apart as well. i will remain short these names for a long, long time to come.

The Nasdaq is down 30%


The S&P500 is down 20%


And you want to short the stock that after all the chaos is now down 3.5%?



Stock dropped about 6% after the CEO sale, has recovered half of it back already and never even tested it's lows of March.


There are LOTS of people that buy Pepsi at any sign of a good valuation, it will meet with alot more resistance going down than others. It just raised the dividend another 7%. I won't say how much of that stock I own, but the people buying weakness in Pepsi FAR exceed the ones shorting it. I'd guess any of the top ten names in the S&P500 are better short candidates than PEP.


PEP is up about 4.5% since you posted about shorting it BTW.

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Old 05-25-2022, 08:42 PM   #4029
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i have a friend that owns independent gas stations. he is telling me that he has a problem with the per gas per gallon price at the pump because he doesn't have enough digits if the price per gallon gets to $10.

if the price does make it to $10 a gallon, i wonder how many people will be at the McDonald's drive-through windows all over America ordering Big Macs?

Well, I'd guess a whole bunch of them, because they won't be able to afford Chipotle, Chili's or a steakhouse.


Literally the worse the economy gets the better it is for MCD.
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Old 05-25-2022, 08:50 PM   #4030
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you are going long, i am going short. this is what makes a market. its pretty simple. you have your reasons to buy this, i have mine to sell it.

i am going to let the market become the final arbitrator in this. i am wrong plenty of times. i could be way off on these too. but i like my side even though i have to pay the dividend to remain short.
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Old 05-25-2022, 10:28 PM   #4031
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SNAP

this is a social media company. multiple insiders sold days before the CEO announced this stock would not be able to meet its earnings projections, and then the stock tanked 30%.

i got this way too late, and it's too late for me.
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Old 05-26-2022, 09:20 AM   #4032
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OK...so....kinda looks like it should be nearing the end of the little rally that's been going on the past couple of days...got close enough to the 20D moving average that I feel comfortable saying this thing should peter out soon if indeed this thing is going to head lower (which it should).

And by head lower, I mean under 3800
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Old 05-26-2022, 09:42 AM   #4033
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OK...so....kinda looks like it should be nearing the end of the little rally that's been going on the past couple of days...got close enough to the 20D moving average that I feel comfortable saying this thing should peter out soon if indeed this thing is going to head lower (which it should).

And by head lower, I mean under 3800
Apple taking hit now.......slow iphone sales
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Old 05-26-2022, 09:44 AM   #4034
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Apple taking hit now.......slow iphone sales
You should always fade me...look what happened after I posted that...went straight to 4020 (which I said was where it should turn...lol)

Should be interesting from here on out....a sustained rally from here could lead to some snowballing short covering from the weak hands
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Old 05-26-2022, 10:36 AM   #4035
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So, now it's a little above the 20day moving average...it hasn't touched the 20 day since April 21...
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