Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board

Go Back   Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board > Off Topic > Off Topic - Trading The Financial Markets


Reply
 
Thread Tools Rating: Thread Rating: 9 votes, 4.11 average.
Old 04-21-2022, 06:25 PM   #3676
Rex Phinney
Registered User
 
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
Quote:
Originally Posted by PaceAdvantage View Post
That was an impressive dump today...dropped about 120 points from the high of the day today on the S&P...

The market seems to be surprised every time more talk about rising rates hits the wire. It's odd to me as anyone with half a brain should already know that rate hikes (even 50 points) are coming.
Rex Phinney is offline   Reply With Quote Reply
Old 04-22-2022, 07:37 AM   #3677
geroge.burns99
Veteran
 
Join Date: May 2021
Location: NYC
Posts: 1,554
Quote:
Originally Posted by Rex Phinney View Post
The market seems to be surprised every time more talk about rising rates hits the wire. It's odd to me as anyone with half a brain should already know that rate hikes (even 50 points) are coming.
Yes, everyone knows....

but has market adjusted already or is adjusting

so that the news doesn't set things aflame

geroge.burns99 is offline   Reply With Quote Reply
Old 04-22-2022, 09:37 AM   #3678
Tape Reader
Registered User
 
Join Date: Jan 2007
Posts: 1,131
Quote:
Originally Posted by Tape Reader View Post
Bot: .SPY220429P438@6.00
Out at 6.10.
Tape Reader is offline   Reply With Quote Reply
Old 04-22-2022, 11:12 AM   #3679
Rex Phinney
Registered User
 
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
Quote:
Originally Posted by geroge.burns99 View Post
Yes, everyone knows....

but has market adjusted already or is adjusting

so that the news doesn't set things aflame


No way has the market fully adjusted. I always hear that these rate changes are “already baked” and the market hasn’t even begun to feel it yet. We’ve had a rate increase appetizer, that’s all.

This is only supported by the dip the last few days, people are daytrading the shit out of this volatility.
Rex Phinney is offline   Reply With Quote Reply
Old 04-22-2022, 02:34 PM   #3680
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,176
So yesterday, S&P futures hit a high of 4509 intraday...it has since dropped (almost straight down) 219 points since yesterday morning...currently sitting at 4290 and showing no signs of stopping

Maybe 4250 will provide some resistance if it keeps dropping? From there it's down to 4100-4140 level...
__________________
@paceadvantage | Support the site and become a today!

Last edited by PaceAdvantage; 04-22-2022 at 02:36 PM.
PaceAdvantage is online now   Reply With Quote Reply
Old 04-22-2022, 05:00 PM   #3681
Rex Phinney
Registered User
 
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
Quote:
Originally Posted by PaceAdvantage View Post
So yesterday, S&P futures hit a high of 4509 intraday...it has since dropped (almost straight down) 219 points since yesterday morning...currently sitting at 4290 and showing no signs of stopping

Maybe 4250 will provide some resistance if it keeps dropping? From there it's down to 4100-4140 level...
What’s the low for the year? Whatever that is it’s the next test.

50 basis points sounds like a done deal.

And keep in mind, we don’t have even a hint, not a single sliver of bad earnings news yet.
Rex Phinney is offline   Reply With Quote Reply
Old 04-22-2022, 08:40 PM   #3682
geroge.burns99
Veteran
 
Join Date: May 2021
Location: NYC
Posts: 1,554
Quote:
Originally Posted by Rex Phinney View Post
What’s the low for the year? Whatever that is it’s the next test.

50 basis points sounds like a done deal.

And keep in mind, we don’t have even a hint, not a single sliver of bad earnings news yet.
next week...big boy earnings
geroge.burns99 is offline   Reply With Quote Reply
Old 04-22-2022, 08:56 PM   #3683
lamboguy
Registered User
 
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,654
Quote:
Originally Posted by geroge.burns99 View Post
next week...big boy earnings
if Apple or Mr. Softie have one ounce of disappointment, look out below.

the question is do interest rates really have an impact on these great companies. i think that everything gets re-priced, no matter how good the company is. those 2 big ones will go down, just not as much as others. it is not the time to own stocks that are selling for 250 times next year's earnings!
lamboguy is online now   Reply With Quote Reply
Old 04-23-2022, 12:17 AM   #3684
oughtoh
Registered User
 
Join Date: Mar 2017
Posts: 1,032
Will be an interesting week.
oughtoh is offline   Reply With Quote Reply
Old 04-23-2022, 07:30 AM   #3685
geroge.burns99
Veteran
 
Join Date: May 2021
Location: NYC
Posts: 1,554
I hope all the idiot youtubers keep put out all the value stocks out there...

geroge.burns99 is offline   Reply With Quote Reply
Old 04-24-2022, 10:55 AM   #3686
BettinBilly
Educated Speculation
 
BettinBilly's Avatar
 
Join Date: Feb 2014
Location: Where Palm Trees Sway
Posts: 914
As long as we're experiencing rising interest rates, let's get it over with and go back to a 3 month CD rate at an interest percentage where we don't have to rely on shaky markets to grow our investment portfolios. Heck, let's go to a 1980 level 3 month CD rate of 18.65 percent. I'll pull all of my market investments and sit on almost 19 percent guaranteed interest and call it done.

I fully expect my mutual fund portfolios (as conservative as they are) to be solidly in the red throughout the next 12 months. Luckily, I'm (hopefully) young enough to recoup my losses and more in the next 5 to 10 years. If I were 10 years older, I'd be far more concerned about the markets than I am now.

I wish I'd sold a few stocks short on Thursday, that's for sure. Opportunity lost, but then, I'm not really a bear investor.
__________________
"Horse Sense" is the thing a horse has which keeps it from betting on people.
BettinBilly is offline   Reply With Quote Reply
Old 04-24-2022, 12:01 PM   #3687
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,176
I've never been much of an investor...I leave that to 401ks and Roth IRAs....

But I'm curious why when the market is obviously not in an uptrend, some of you investors don't short the QQQs and SPYs as a hedge? This way you can offset at least some of the downward risk going forward.
__________________
@paceadvantage | Support the site and become a today!
PaceAdvantage is online now   Reply With Quote Reply
Old 04-24-2022, 12:26 PM   #3688
lamboguy
Registered User
 
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,654
i don't know why anyone would want to be invested in any equity including gold miners. gold is probably heading down now in sympathy with the rest of the market. so far these daily drops have been minimal percentage-wise. what happens when the s+p takes a 5 or 10% haircut in one single day.. and we all know that we are overdue for that.
lamboguy is online now   Reply With Quote Reply
Old 04-25-2022, 01:00 AM   #3689
Rex Phinney
Registered User
 
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
Quote:
Originally Posted by PaceAdvantage View Post
I've never been much of an investor...I leave that to 401ks and Roth IRAs....

But I'm curious why when the market is obviously not in an uptrend, some of you investors don't short the QQQs and SPYs as a hedge? This way you can offset at least some of the downward risk going forward.
Why? Long term investing is easy, all you have todo is buy when the market sucks. Shorting might be nice for a quick score, but it still comes with more risk than buying when times are bad.

The worse it gets the more you buy.
Rex Phinney is offline   Reply With Quote Reply
Old 04-25-2022, 01:14 AM   #3690
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,176
I'm getting an interesting signal on my charts right now...I think we might be at a short term bottom in the S&P futures...I guess we'll see when I wake up tomorrow morning, if I'm right.

If that's the case, next stop 4370....about 130 points higher from where it is now
__________________
@paceadvantage | Support the site and become a today!

Last edited by PaceAdvantage; 04-25-2022 at 01:17 AM.
PaceAdvantage is online now   Reply With Quote Reply
Reply




Thread Tools
Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

» Advertisement
Powered by vBadvanced CMPS v3.2.3

All times are GMT -4. The time now is 01:28 PM.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Copyright 1999 - 2023 -- PaceAdvantage.Com -- All Rights Reserved
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program
designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.