Nasdaq bounced right off the 50 dma — for now !

Discussion in 'Trading' started by derektrader, Sep 4, 2020.

  1. So how did you make out? and why are you even here and not on some Canuck trading forums, eh? I wish you'd go away...
     
    #11     Sep 7, 2020
  2. ET180

    ET180

    And lose many times more purchasing power than that due to inflation. And then if rates rise, the value of your investment tanks.
     
    #12     Sep 8, 2020
  3. Tradex

    Tradex

    Oh yeah? Let's see...

    You receive $10 millions interest per year from your 1 billion T-bond purchase. It costs you 200K/year to live (and I am generous). With 3% inflation that means you need $206K for living expenses (you add 3% to 200K).

    Poor you, you are left with only... $9,794,000 at the end of the year! ;)

    ANY investment can tank.

    But don't worry, you will still have plenty of interest money to buy all the cheeseburgers you want.

    With the Coke and the French fries, of course.


    [​IMG]
     
    Last edited: Sep 8, 2020
    #13     Sep 8, 2020
  4. ET180

    ET180

    Any investment can tank, but the risk : reward on 30 year is horrible. Only makes sense if you are certain that rates will go lower. I'd rather own XLP and maybe a little XLI for a higher yield than treasuries. Both will go higher if market goes higher. XLP held up well last March.
     
    #14     Sep 8, 2020
    Tradex likes this.
  5. Tradex

    Tradex

    That's fine too, no problem.

    The trick is to get the billion first, the rest is easy, hahahaha :D

    Cordially.
     
    #15     Sep 8, 2020
  6. Overnight

    Overnight


    Hmm, I was going to call that a Double Whopper, but it has an extra slice of white cheese I don't recognize.

    It can't be a double Big-Mac, because McD's doesn't sell Coke, and also has that extra white cheese and no special sauce.

    Five Guys? Sonic?
     
    #16     Sep 8, 2020
  7. Tradex

    Tradex

    The image is from a mom and pop fast food joint in San Francisco.

    I was only kidding with that cheeseburger thing, stay away from fast food and processed food guys, seriously.
     
    #17     Sep 8, 2020
  8. bone

    bone

    Turned out to be a great buying opportunity for the big swinging dicks. That Weekly trend line has held strong since March, never really taken out.
     
    #18     Sep 16, 2020
  9. GOOG and AMZN are still drifting down below the 50d. With all the call buying in Apple recently, it seems like max pain for that one is the gap fill at 97. I think it's a given 'daq spends some time below the 50.
     
    #19     Sep 16, 2020
  10. The market looking shakey, an ugly reversal today.
     
    #20     Sep 16, 2020