I know. BUT, to my credit I'm always confused. LOL.
I'll spare you the diatribe, but there are only about 5 stocks making the market go higher. I honestly believe computer programming is behind a lot of this. If they turned off the machines for one day, it would be murder.
I honestly just work my systems and try to make some bank. I try to stay out of the indexes and overall market crap. Predicting direction is too hard for me. I just trade the probabilities. Best year so far ironically.
greg ha ha. I am confused every day. especially now. I dont like to predict direction. I just have an account with a 30 day minimum hold once entering. Treasuries and gold going up with the market is odd. My best guess now is once TLT gets to 130, there will be a bit of a shake up.
pthomas215
696 posts
msg #134438
- Ignore pthomas215 2/21/2017 2:05:35 PM
karen, be careful with NVDA. it is indeed the technology chip of the future but resistance is in the mid 90's really.
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Still holding ... since February. Drove me nuts when it dropped to $93.
Everyone said it was going below $83. It didn't.
Clearly, going to $150.
** NVDA **
I keep forgetting I still have some NVDA because I only watch AMZN.
Life is so much more -r-e-l-a-x-i-n-g- when you're only watching one stock.
Karen, good for you ! very happy. I must say, you have guts to hold it, even though it is a darling of wall street. I just cant hold through consolidation periods. my very good friend told me about NVDA a couple years ago, as he is a partner at Accenture. some of you guys like to search for the next amazon (why wouldnt you?). this could be it. it's resisting market conditions when flat.
gmg, Tesla. indeed. Elon Musk is a certified genius, but there are operational issues all throughout the company. i am watching for SnP to top off roughly around October and then blow off in one final rally. whenever that rally happens, going to buy a tesla put.
Don't buy puts. If you are bearish, try to do a downside trade with a penny credit (sell near the money call to finance buying an out of the money put). Your risk would be to the upside, but your bearish anyhow.
I was looking at /6j the other day and I thought it looked like an odd cup and handle (chart patterns are not my bag) and it seems to have broken out over night. I'll be looking for a pull back to get into this one.
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