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12-19-2018, 06:45 PM
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#736
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,732
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in this bad market, the biggest dog, The General, GE, went up 5%!
that stock sucks and should go out of business. they just put more meat on the bone to go in and short it. i will be looking for $6.60 and stop myself out .15 higher than the close today. good risk reward.
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12-19-2018, 09:24 PM
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#737
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Registered User
Join Date: Mar 2015
Location: Diez meses en Port St. Lucie, FL; two months in the Dominican Republic
Posts: 4,355
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Quote:
Originally Posted by lamboguy
it feels like they are giving the stuff away! its less than a gallon of milk!
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Would you recommend regular or hi-test on my cornflakes?
Gotta save money where you can. 
__________________
"But don't ask me what I think of you, I might not give the answer that you want me to. "
Fleetwood Mac, Oh Well, Part 1 (1969)
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12-20-2018, 09:42 AM
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#738
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Veteran
Join Date: Mar 2009
Posts: 9,893
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Where are the key support levels on the S&P in the opinion of technically oriented posters?
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12-20-2018, 10:23 AM
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#739
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tmrpots
Join Date: Jun 2008
Posts: 2,285
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Quote:
Originally Posted by Saratoga_Mike
Where are the key support levels on the S&P in the opinion of technically oriented posters?
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We're touching on February support as of now.
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12-20-2018, 10:32 AM
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#740
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Registered User
Join Date: May 2010
Posts: 5,005
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Opinions are like assholes, and here's mine. GE will be $8.60 before it hits $6.60, but good luck on your trade.
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12-20-2018, 11:50 AM
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#741
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Veteran
Join Date: Mar 2009
Posts: 9,893
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Next support level below 2500ish?
Credit is a train wreck.
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12-20-2018, 12:19 PM
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#742
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,732
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Quote:
Originally Posted by Saratoga_Mike
Next support level below 2500ish?
Credit is a train wreck.
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next major support would be at 2340, but there are a few minor levels on top of that. my guess is that we make it to the next major support level. this market is not something you want to stick your head in front of. tomorrow is options expiration day, that could bring some whipsaw action.
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12-20-2018, 01:36 PM
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#743
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Veteran
Join Date: Mar 2009
Posts: 9,893
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Quote:
Originally Posted by lamboguy
next major support would be at 2340, but there are a few minor levels on top of that. my guess is that we make it to the next major support level. this market is not something you want to stick your head in front of. tomorrow is options expiration day, that could bring some whipsaw action.
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agree
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12-20-2018, 01:51 PM
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#744
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tmrpots
Join Date: Jun 2008
Posts: 2,285
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Quote:
Originally Posted by lamboguy
tomorrow is options expiration day, that could bring some whipsaw action.
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Triple witching.
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12-20-2018, 02:09 PM
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#745
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Buckle Up
Join Date: Apr 2014
Posts: 10,614
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A lot of people are getting out now, cash in hand, with no reinvesting elsewhere except maybe the bond market.....Strange time of the year for this to happen, usually just the opposite takes place, pumping it in to get max pay incentives for the Big Boys.... 
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12-20-2018, 02:22 PM
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#746
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Buckle Up
Join Date: Apr 2014
Posts: 10,614
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It's Official....All markets are now in Bear Territory, tread lightly.
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12-20-2018, 02:32 PM
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#747
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Buckle Up
Join Date: Apr 2014
Posts: 10,614
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Quote:
Originally Posted by ReplayRandall
A lot of people are getting out now, cash in hand, with no reinvesting elsewhere except maybe the bond market.....Strange time of the year for this to happen, usually just the opposite takes place, pumping it in to get max pay incentives for the Big Boys.... |
Bitcoin with a 10% pop today...
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12-20-2018, 02:48 PM
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#748
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Veteran
Join Date: Mar 2009
Posts: 9,893
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Quote:
Originally Posted by ReplayRandall
It's Official....All markets are now in Bear Territory, tread lightly.
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S&P 500 isn't.
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12-20-2018, 02:54 PM
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#749
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Buckle Up
Join Date: Apr 2014
Posts: 10,614
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Quote:
Originally Posted by Saratoga_Mike
S&P 500 isn't.
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I stand corrected... 
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12-20-2018, 04:15 PM
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#750
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tmrpots
Join Date: Jun 2008
Posts: 2,285
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The SPY is having a major breakout.
(However, the chart is turned upside down.)
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