Stock Market Prediction

[lamboguy]

Originally Posted by PaceAdvantage

7-8% up from here is like 4100.

No way. This thing is hitting 3525 on this current leg down.

Check it out...first leg down went from ~ 4800 to ~ 4100 = 700pts

bounced about 530pts

2nd leg down went from ~ 4630 to ~ 3810 = 820pts

bounced about 400pts

3rd leg down (where we are now) should go from ~ 4200 to 3525 = 675pts

The 3525 mark is heavy duty support and represents a 50% retracement of the run from 2250 in 2018 to 4800 in Jan 2022

I'm ignoring the COVID bottom of 2100 because it was a black swan event.

By the way, I am looking at a daily chart of S&P e-Mini futures...but they're all relatively the same when it comes to the S&P.

i have it close to the same except my next leg down goes through that big support area and dops about 1300 points.

this bear market seems to be picking up steam the further it falls, that's why i am going with that number for now. i also don't believe there will be any bottom to this for another 3 to 4 years.

[PaceAdvantage]

Originally Posted by Rex Phinney

I feel like the market is going to like the Fed news and that a move upward is coming (short lived of course). Seems like all the rallys are coming after fed moves. We will see I guess.


The Bond market was finally settling down until this recent inflation report.

If this little rally is for real, I say it closes the gap created on Monday's open, which is around 3906 on my chart.

That definitely seems reasonable and probable. The market loves to close gaps.

[lamboguy]

HOME
MAIL
NEWS
FINANCE
SPORTS
ENTERTAINMENT
LIFE
YAHOO PLUS
MORE...
Try it free
Yahoo Finance
Search for news, symbols or companies


Profile image
phil
9+
Mail
65


U.S. markets closed
S&P Futures
3,827.50
+38.25(+1.01%)
Dow Futures
30,936.00
+275.00(+0.90%)
Nasdaq Futures
11,732.25
+138.50(+1.19%)
Russell 2000 Futures
1,751.90
+19.50(+1.13%)
Crude Oil
116.71
+1.40(+1.21%)



NGL Energy Partners LP (NGL)
NYSE - Nasdaq Real Time Price. Currency in USD
Add to watchlist
Visitors trend2W10W9M
Quote Lookup

1.6900-0.1000 (-5.59%)
At close: 04:00PM EDT
1.7100 +0.02 (+1.18%)
After hours: 06:09PM EDT

Pick 3 free reports per quarter from any company profiled
All research reportsLearn more
Summary
Company Outlook
Chart
Conversations
Statistics
Historical Data
Profile
Financials
Analysis
Options
NGL Energy Partners LP
6120 South Yale Avenue
Suite 805
Tulsa, OK 74136
United States
918 481 1119
https://www.nglenergypartners.comSector(s): Energy
Industry: Oil & Gas Midstream
Full Time Employees: 842
Key Executives
Name Title Pay Exercised Year Born
Mr. H. Michael Krimbill Pres, CEO, & Director of NGL Energy Holdings LLC 640.72k N/A 1954
Ms. Linda J. Bridges Exec. VP & CFO of NGL Energy Holdings LLC 629.48k N/A 1984
Mr. Lawrence J. Thuillier Chief Accounting Officer of NGL Energy Holdings LLC 466.05k N/A 1971
Mr. Kurston P. McMurray Exec. VP, Gen. Counsel & Corp. Sec. of NGL Energy Holdings LLC 749.05k N/A 1972
Mr. John A. Ciolek Exec. VP of Strategic Initiatives of NGL Energy Holdings LLC 762.37k N/A 1965
Ms. Jennifer Kingham Sr. VP & Chief Information Officer N/A N/A N/A
Mr. Brian Cannon Sr. VP of Marketing (Refined Products) - NGL Energy Holdings LLC N/A N/A 1977
Mr. Vincent J. Osterman Pres of Eastern Retail Operations N/A N/A 1957
Mr. James F. Winter Sr. VP of NGL Water Solutions - NGL Energy Holdings LLC N/A N/A N/A
Mr. Don Robinson Exec. VP of Crude Oil Logistics N/A N/A N/A
Amounts are as of December 31, 2022 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.
Description
NGL Energy Partners LP engages in the transportation, storage, blending, and marketing of crude oil, natural gas liquids, refined products / renewables, and water solutions. The company operates in three segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics. The Water Solutions segment transports, treats, recycles, and disposes produced and flowback water generated from oil and natural gas production; aggregates and sells recovered crude oil; disposes solids, such as tank bottoms, and drilling fluid and muds, as well as performs truck and frac tank washouts; and sells produced water for reuse and recycle, and brackish non-potable water. The Crude Oil Logistics segment purchases crude oil from producers and marketers, and transports it to refineries for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs; and provides storage, terminaling, and transportation services through pipelines. The Liquids Logistics segment supplies natural gas liquids, refined petroleum products, and biodiesel to commercial, retail, and industrial customers in the United States and Canada through its 24 terminals, third-party storage and terminal facilities, and nine common carrier pipelines, as well as through fleet of leased railcars. This segment is also involved in the marine export of butane through its facility located in Chesapeake, Virginia. NGL Energy Holdings LLC serves as the general partner of the company. The company was founded in 1940 and is headquartered in Tulsa, Oklahoma.


this company looks pretty dam good to me even if the price of oil goes down to $70 a barrel, they should be ok... the only thing i question is they have high debt that might have to be refinanced, and this company is way overleveraged. i don't know what happens if interest rates go to 15% (real possible with this Fed chairman)

the recent insider buying is very intriguing.

[geroge.burns99]

its no secret that energy companies will excel in these times...

[lamboguy]

Originally Posted by geroge.burns99

its no secret that energy companies will excel in these times...

even with oil prices on the verge of getting smashed?

[PaceAdvantage]

Originally Posted by lamboguy

i have it close to the same except my next leg down goes through that big support area and dops about 1300 points.

I do too...going below 3525...but nothing is perfect and I'm thinking the support at 3525 or around that area is going to be enough to stop the fall for a while...

But yeah, I could see it blowing past that a bit if things are bad enough...

[PaceAdvantage]

So...overnight...futures went up almost 40 pts...then around 9:30 last night started dropping...went from 3833 to where it sits now...3680

That's a 153 point drop on the S&P since 9:30 last night...holy shitballs...

And it's only 10am

[PaceAdvantage]

The market likes to move on Thursdays...this could get very ugly very fast...

[Rex Phinney]

Originally Posted by PaceAdvantage

The market likes to move on Thursdays...this could get very ugly very fast...

Mortgage rates have jumped at a pace not seen since 1987.


Yes, that 1987.

[lamboguy]

except for gold, all of the longs that i have been posting here over the last few weeks are getting crushed!

worse than that, they look like they are going to get crushed much more.

[lamboguy]

the Dow has surrendered $30,000, much more to follow

[lamboguy]

https://www.armstrongeconomics.com/i...-you-are-next/


pay attention to this man

[PaceAdvantage]

Martin Armstrong...didn't he serve a decade+ in prison for cheating investors?

[lamboguy]

Originally Posted by PaceAdvantage

Martin Armstrong...didn't he serve a decade+ in prison for cheating investors?

he got in trouble for something he did to the government i thought.... i had a friend of mine that did time with him who told me all the guards gave him phone privileges and they got him dinners from the best restaurant sent in to him every night and he didn't have to spend any time with the rest of the prison population, all this in exchange for his info on the markets. there were guards that became multimillionaires with his info. my friend was a bust out his whole life, he was doing 5 years and they made him leave for a halfway house and good time early. he was begging to stay in because of this guy.

the best one was, my friend, got out, about 2 years later Armstrong got out too, my friend got hold of Armstrong and Armstrong told him he doesn't know him and told him to screw.

[Rex Phinney]

Is this what a soft landing looks like? Asking for a friend.