Gold back above $1100....im long NUGT since last week around $4.43....was going to add more of a position when gold was nearing 1075 an ounce but thought it was going straight below 1000 so I held off. Tomorrow if JDST takes a dip below $11 im going to buy... Going to be an interesting week. Fed meeting which will be the same as the last 89 meetings and some earnings out as well...
By posting stops the "land of perfect" becomes not that perfect. Stop placement is the hardest part in trading.
LONG DIG at $40.10 LONG JDST at $12.98 Think there is going to be a turnaround in energy, a small bounce with oil going back to $50, should take DIG to $42-$44 area, good for a 5-10% jump.... JDST should boost back to $15+ once gold starts to break down again below $1075
Pavlovian buy the dip day. People are crazy if they think China is going to listen to the IMF and remove the support. Still more room in biotechs.
cnbc is fucking desperate.... they put the article from last week back up again....notice it says 3 hours ago, I posted this article 2 DAYS AGO!!!!! they really are desperate, any little 3% sell off and all the little crying bitches come out and say buy buy buy, I can't wait until this market is 40% off its highs and all those who said buy look like fools... Great news—2015 could be 1904 all over again!: Tom Lee Alex Rosenberg | @CNBCAlex 3 Hours Ago The market is so incredibly flat this year, strategist Tom Lee had to look back 111 years to find a comparable first half. And according to the Fundstrat Global Advisors co-founder, what happened in the second half of that year could be very instructive for today's investors. "In the first two quarters, we had zero percent gains back to back. … Only one other time did we find the markets spending six months like today: back in 1904," Lee said in an interview Friday with CNBC's "Trading Nation." After a pancake-like first half of 1904, "the market surged 41 percent in the second half. We are not saying 2015 is a repeat of 1904, but it goes to show, 'never short a dull market,'" Lee said. Of course, historical comparisons can be tricky. And there's no getting around the fact that the economic and market environment was notably different back then. For starters, there was no federal income tax, no national women's suffrage, and no S&P 500; the prevailing index was the Dow Jones industrial average, which consisted of a small number of industrial companies. (It is possible to look at hypothetical long-ago S&P 500 performance, thanks to reconstructed numbers provided by S&P.) Preceding the fateful 1904, the Dow fell 8.7 percent in 1901, 0.4 percent in 1902 and 23.6 percent 1903, "so there is a big difference between 2015 and 1904, since shares have been up, not beaten down, from 2012 to 2014," economic historian and NYU Stern School of Business professor Richard Sylla wrote to CNBC. The trouble for stocks back then was actually a wave of mergers, which started off as supportive, before "as so often happens, the Wall Street bankers overdid a good thing." By 1903, "the bankers were holding all sorts of newly merged company shares that they couldn't sell to investors," and the bankers "took a bath on the merged-company securities" even as the overall economy performed just fine. For that reason, the 1903 market drop has been humorously referred to as the "rich man's panic," according to Sylla. By the second half of 1904, a spate of railroad building sent steel, railroad and copper stocks higher, so the economy and the markets somewhat reconnected, as "a strongly improving economy after mid-1904 made shares that had been beaten down in the three previous years suddenly more attractive," Sylla wrote. For his part, Lee doesn't dispute that we're living in a very different world than the investors of 1904, granting that "that's one of the drawbacks of looking at historical periods.". Still, the generally bullish strategist says the lesson to avoid shorting a dull market is a timeless one—with 1904 serving as a prime example of what can happen to those who don't heed that well-worn advice. Want to be a part of the Trading Nation? If you'd like to call into our live Monday show, email your name, number, and a question to TradingNation@cnbc.com
long SOXL @ $25.90 waiting for the turn around or for that 200-300 rally this week on the fed meeting and selling everything I buying today.....risk free money. once the markets go green today the rally will be huge and will go into tuesday and wednesday, no way do they let the markets fall, the last time the dow dipped this far it rallied back over 18,000, rinse and repeat, no way will they let the markets drop below 17,000, totally impossible with the fed giving anything and everything the markets want...