Market Talk / July 13 - 19

[luv2read]

Been there, done that....broken!

Now will it hold or fold into the close?

 

[Fivetears]

Better all put your "SHORTS" on before wall street does.

 

[Birchtree]

I'm taking the opposite bet on that strategy - I'm buying on the way up and holding tight. The immense amount of investable capital will provide the momentum once the shorts start to cover. Time has come - this is a once in a life time opportunity for valuations.

 

[tsptalk]

Looking at the January and March bottoms, after big 2-day rally, the 3rd day can do some backing and filling before resuming. If that happens tomorrow, options exp., it will likely scare the pants off of those who are buying today, but could be another short-term buying opp. Maybe only intra-day, come to think of it.

One concern - Post options exp week tends to be weak.

If instead we just continue to rally 1% plus tomorrow, I may pull the plug and head back to G.

Don't forget, Friday is the last day that short sellers can cover their short financial stocks as the new rule goes into affect Monday, so that could keep things afloat on Friday. But it's another reason next week could be trouble.

 

[James48843]

Oil below 130!

Market likes that.

View attachment 4293​

 

[Braveheart]

Google takes a big hit

 

[luv2read]

Oil below 130!

Market likes that.

View attachment 4293​

If it stays below $130 next week watch for OPEC to cut production to keep it at $130.

 

[Spaf]

Thats all for this week. See Ya on Sunday!​

Have a good weekend!​

​

Spaf​