Stock Market Prediction

[lamboguy]

i left out 1 guy, Boris Johnson, he fits that list somewhere. and he is no prize package either.

[myohmyjustify]

Originally Posted by lamboguy

i really don't have that answer. i was looking at the least obvious and contrarian point for gold miners to turn north.. i came up with the day Powell announces the first rate increase.

a person buys gold if they have a lack of trust in governments throughout the world. i look at the leaders throughout the G7 worldwide. XI Jinping, Putin, Suga, Macron, Merkel, Draghi, Trudeau, and finally the main man Biden.

look at all these faces, if you believe or want to trust these characters with your wellbeing, then you have no use for gold. personally, i hope i never want to have to rely on gold to get me through possible rough waters, i just want to have it in case this world remains in high tide.

Thanks for your replies.


Do you think bitcoin and its cousins have replaced gold as the contrarian investment choice of those with little faith?

[PaceAdvantage]

Facebook gets META'd ! ! !

stock down over 20% after huge earnings miss...the S&P futures looked like it was going to easily close above the 100d moving average until that news came out after hours....that seems to be out of the question now

ps. couldn't happen to a better company...LMAO

[lamboguy]

Originally Posted by myohmyjustify

Thanks for your replies.


Do you think bitcoin and its cousins have replaced gold as the contrarian investment choice of those with little faith?

no way

[PaceAdvantage]

So, with Facebook taking down the market today at the end of the day and erasing all the gains, I have to say, things don't look good.

Combine that with the ADP private payrolls report saying 300k jobs were lost in January...and how can this market possibly go up and reach new highs?

Again, I don't trade for the long term. I trade day to day (but I'm not some hair trigger day trader...I'm lucky if I make more than 2 trades a day...I think I average around 1.5)...but if I were trading for the long term, I think today clearly says it all.

I believe this market was going to inch up as long as it could to sucker in some buyers...but with Facebook cutting the legs out from under that plan, the poor ADP report, inflation, the Fed, supply shortages, Ukraine...etc...etc...

let's just say the picture looks much bleaker than ever.

Tomorrow is Amazon's earnings after the close...these scumbags will likely try and keep the market afloat until those earnings come out, for better or worse...there's a lot of suckers out there...

As long as we stay under the 100d moving average, no reason in the world to start buying.

[PaceAdvantage]

S&P currently down >50pts since the Facebook earnings

[Rex Phinney]

Originally Posted by PaceAdvantage

So, with Facebook taking down the market today at the end of the day and erasing all the gains, I have to say, things don't look good.

Combine that with the ADP private payrolls report saying 300k jobs were lost in January...and how can this market possibly go up and reach new highs?

Again, I don't trade for the long term. I trade day to day (but I'm not some hair trigger day trader...I'm lucky if I make more than 2 trades a day...I think I average around 1.5)...but if I were trading for the long term, I think today clearly says it all.

I believe this market was going to inch up as long as it could to sucker in some buyers...but with Facebook cutting the legs out from under that plan, the poor ADP report, inflation, the Fed, supply shortages, Ukraine...etc...etc...

let's just say the picture looks much bleaker than ever.

Tomorrow is Amazon's earnings after the close...these scumbags will likely try and keep the market afloat until those earnings come out, for better or worse...there's a lot of suckers out there...

As long as we stay under the 100d moving average, no reason in the world to start buying.

You know where I'm at. I've been liquidating on the bounces.


I have cash and at some point in 2022 shit will get ugly, very ugly. I can wait all year baby.


Facebook is #7 in the S&P and we see how well it holds up to a bad earnings report. Amazon is #3 and comes tomorrow. When Q1 2022 Earnings come in 90 days is when I truly suspect we will see some pain.

[geroge.burns99]

Originally Posted by PaceAdvantage

S&P currently down >50pts since the Facebook earnings

Yep....looks like another bad day tomorrow


I have about 16 positions in my portfolio...


10 have a positive gain since I open account 7 months ago...


what is the consensus about selling off the 10 green?


Mike

[lamboguy]

Originally Posted by geroge.burns99

Yep....looks like another bad day tomorrow


I have about 16 positions in my portfolio...


10 have a positive gain since I open account 7 months ago...


what is the consensus about selling off the 10 green?


Mike

you will never go broke when you take a profit,.....

i gave you the move and when to jump in for the big money now.

[geroge.burns99]

Originally Posted by lamboguy

you will never go broke when you take a profit,.....

i gave you the move and when to jump in for the big money now.

thxs

[lamboguy]

Originally Posted by geroge.burns99

thxs

one more, loss of opportunity is better than the loss of capital.

[PaceAdvantage]

So, technically, if you don't include after hours trading, the S&P DID close above the 100d MA...and it did so on greater volume (but only by a razor thin margin) then the day before.

Right now in real time, it is 23 points below the 100day....so I guess there can't be any sort of conclusions drawn until Amazon reports after the bell today. Amazon is one of the biggest components of the S&P so it will have an impact either way.

[geroge.burns99]

Originally Posted by PaceAdvantage

So, technically, if you don't include after hours trading, the S&P DID close above the 100d MA...and it did so on greater volume (but only by a razor thin margin) then the day before.

Right now in real time, it is 23 points below the 100day....so I guess there can't be any sort of conclusions drawn until Amazon reports after the bell today. Amazon is one of the biggest components of the S&P so it will have an impact either way.

heres the answer....

[Bustin Stones]

I take my 12% without a fuss and keep a large cash position against extended downturns.
The advantage, for my personality, is that I when go to sleep, my nervous system isn't impacted by this week's market excitement.
This also puts me in position to make life decisions based solely on my own whims rather than external factors.
After spending my work years toiling for "the man" it gives me a sense of liberation.
I get that my path is not for every man, but maybe it can be for some of you.

[PaceAdvantage]

Facebook is just getting DESTROYED...

Amazon earnings after the bell...market has moved lower than I expected today.

If Amazon disappoints, this is going to get very ugly very fast...