I was wondering about XLF too, still holding it. I believe the thought is the banks will get an infusion of cash soon. Though some banks seem to have put out some bad news this am about loan defaults etc (maybe just to hint at how they might need some bailout cash). Only thing making me nervous is, if I drew my chart correctly, 2793 is about 50% off the lows on the S&P, and we were above that on Tuesday, but the gap down at the open was almost exactly at that point.
You have to make your own decisions. I'm only trading instruments I have SOME trust in. No way am I touching SPY/XLF etc I'm personally trading mining companies. Gold/Silver go up, more incentive to mine. Lower oil prices also increase margins.
Be careful, don't play with currency you cant afford to lose IMO. I've buying stocks since 2009 and trading since 2015 or so. Don't be afraid to pull profits as well. As is said, by the shill Cramer, Bulls make money, bears make money and pigs get slaughtered.
Greg: You have said you will begin core positions when 10 yr yield goes above 1% Then you also say some point in time bond market will suddenly snap and yields will go sharply up. What will happen to your core positions then ? Are you saying bond market will not snap suddenly but rather gradually ?
My target for German DAX30 is about 8000 points. Think markets will rise short before shutdowns ends. Not now. Maybe at the same time Oil will see it's final low, expecting about 10USD. Just what I'm thinking at the moment.
Greg, thanks for looking out for the little guy. Will be paying forward as you requested.
Gave away 50 hand made Tie dyed masks today, I know it's a little thing but had you/us in mind.
So XLF should still be a hold then?
I was wondering the same thing.
I was wondering about XLF too, still holding it. I believe the thought is the banks will get an infusion of cash soon. Though some banks seem to have put out some bad news this am about loan defaults etc (maybe just to hint at how they might need some bailout cash). Only thing making me nervous is, if I drew my chart correctly, 2793 is about 50% off the lows on the S&P, and we were above that on Tuesday, but the gap down at the open was almost exactly at that point.
IMO, not with oil falling as it is
He didn't signal a sell alert yet
I wonder why
You have to make your own decisions. I'm only trading instruments I have SOME trust in. No way am I touching SPY/XLF etc I'm personally trading mining companies. Gold/Silver go up, more incentive to mine. Lower oil prices also increase margins.
Thanks
Can use all the tips I can get!
How do you feel about tech?
Did you just buy Microsoft?
I have a core position in MSFT, but im sitting out of trading for the time being
I've learned alot from GM and always do, but apply those to my own skill sets
I'm so new to this
I'm using his guidance as I learn
I just hope I didn't pick the wrong time to start trading!
Be careful, don't play with currency you cant afford to lose IMO. I've buying stocks since 2009 and trading since 2015 or so. Don't be afraid to pull profits as well. As is said, by the shill Cramer, Bulls make money, bears make money and pigs get slaughtered.
BAC also reported not so stellar earnings.
almost 800 now, and US 10 yby cratering... dunno if FED can support gravity and the fact that trees never grow to the sky
Thank you
Trade the market you have
Thanks man
sp500 is holding well over 2750
Greg: You have said you will begin core positions when 10 yr yield goes above 1% Then you also say some point in time bond market will suddenly snap and yields will go sharply up. What will happen to your core positions then ? Are you saying bond market will not snap suddenly but rather gradually ?
Thank you Greg
Thanks Greg
In the gren :-) Thanks GM xx
Hello. XLF still safe to hold?
God Bless you GM. Paying it forward. Hope to send some your way in the future.
10 yr getting crushed and Crude not looking great...If they announce more bailout money will it turn that 10yr around...man is it getting killed...
German ALLIANZ could be nice for a short.
My target for German DAX30 is about 8000 points. Think markets will rise short before shutdowns ends. Not now. Maybe at the same time Oil will see it's final low, expecting about 10USD. Just what I'm thinking at the moment.