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    Originally posted by Xunil View Post

    I was in Vegas last week and it was packed! I was mostly around Wynn and MGM Grand but the entire strip was very busy all week.
    Mostly young people?

    Comment


      It would be really nice if China would end their lockdown.
      Live Free or Die!

      Comment


        Originally posted by Stinger_1066 View Post
        It would be really nice if China would end their lockdown.
        I cut my losses today. I think we're in for a bit more depth to the pull back. Bears appear to be in charge right now. Going to see what the market does the rest of the week. We're fast approaching the period of "Sell in May and go away." period.

        Comment


          Originally posted by Stinger_1066 View Post

          If it gets back down close to 900 again I'm buying.
          Opportunity has arrived.

          Comment


            Originally posted by sheepdogs View Post

            Opportunity has arrived.
            Saw that. I bought some shares at $910. I should have waited until later in the day.
            Live Free or Die!

            Comment


              anyone think this rally is fake?
              dow hasn't hit my projected low of 32950 yet...

              Comment


                Originally posted by theresonly187 View Post
                anyone think this rally is fake?
                dow hasn't hit my projected low of 32950 yet...
                I hope it knows this.

                Comment


                  I'm having a really good day for the first time in a while. Coal leads the way, followed by LNG. Oil, mining, agriculture and commodities are doing OK too.
                  Live Free or Die!

                  Comment


                    i don't think the dow has bottomed yet....not sure about nasdaq...

                    Comment


                      Originally posted by Stinger_1066 View Post
                      I'm having a really good day for the first time in a while. Coal leads the way, followed by LNG. Oil, mining, agriculture and commodities are doing OK too.
                      I was up a decent amount early in the day but sold off I guess later and I ended up negative. Really like to see this turn around ASAP.

                      Comment


                        Stinger_1066 HP's Earnings came back stronger than expected. Beat estimates by $0.42. Financials look really strong going forward especially since they still have rigs ready to go and are only paying 280 BP annually on their LT debt. Statement from CEO John Lindsay is promising! Looks like I was fairly on target for my projections.
                        Read our recent and archived releases, quarterly results, annual reports, presentations, publications and financial statements.

                        Comment


                          Originally posted by theresonly187 View Post
                          i don't think the dow has bottomed yet....not sure about nasdaq...
                          AMZN and AAPL coming up... that should get things going in a direction.

                          Comment


                            Originally posted by theresonly187 View Post
                            i don't think the dow has bottomed yet....not sure about nasdaq...
                            You're better at reading the charts than I am, but Bill Gunderson says the support levels are:

                            DOW - 32250
                            S&P 500 - 4150
                            NASDAQ - 12600

                            NASDAQ has closed below that number the past 2 days. The DOW is 1000 points above. S&P is only 34 points above.

                            Looks like the NASDAQ is set to rally big today. We'll see if it sustains. Earnings numbers have been good for about 75% of the companies that have reported so far, so that helps, but it could be only temporary.

                            Originally posted by MJSooner View Post

                            I was up a decent amount early in the day but sold off I guess later and I ended up negative. Really like to see this turn around ASAP.
                            I've noticed a big difference since last year. Last year I was heavy in tech, and my account moved almost in unison with the NASDAQ. Since I shifted to value, I consistently beat the NASDAQ. The NASDAQ can be down, and I'll be up, like yesterday. However, the events of last Thursday and Friday and earlier this week, everything was down. Nothing you can do about that except either sell off or gut it out. I'm glad I didn't sell off, but I sure did not sleep well for a few days.

                            Originally posted by SoonerKA1999 View Post
                            Stinger_1066 HP's Earnings came back stronger than expected. Beat estimates by $0.42. Financials look really strong going forward especially since they still have rigs ready to go and are only paying 280 BP annually on their LT debt. Statement from CEO John Lindsay is promising! Looks like I was fairly on target for my projections.
                            Yep, they were down several days in a row just like everyone else, but they should regain a lot of that today.
                            Live Free or Die!

                            Comment


                              This may be a good value play - Allison Transmissions. I picked up a few shares yesterday.

                              P/E ratio of 9. 22% down from 52 week high. Earnings report below. Beat on top and bottom lines. Positive forward guidance.

                              Allison Transmission Q1 EPS, Sales Climb; Affirms 2022 Guidance -- Shares Up 3% After-Hours

                              4:35 PM ET, 04/27/2022 - MT Newswires
                              04:35 PM EDT, 04/27/2022 (MT Newswires) -- Allison Transmission Holdings (ALSN) on Wednesday reported Q1 earnings of $1.30 per diluted share, up from $1.07 a year ago.

                              Analysts polled by Capital IQ expected GAAP EPS of $1.14.

                              Sales rose to $677 million from $588 million. The Street projected $642.2 million.

                              The company affirmed its full-year 2022 sales outlook of $2.63 billion to $2.78 billion and net income outlook of $430 million to $520 million. The Street estimates sales of $2.7 billion.

                              Price: 37.33, Change: +1.09, Percent Change: +3.01
                              Live Free or Die!

                              Comment


                                This news may negatively impact the market today.

                                U.S. economic growth rate unexpectedly declined in the first quarter by 1.4%

                                Gross domestic product unexpectedly declined 1.4% in the first quarter, marking an abrupt reversal for an economy coming off its best performance since 1984, the Commerce Department reported Thursday.

                                The negative growth rate missed even the subdued Dow Jones estimate of a 1% gain for the quarter.

                                A plethora of factors conspired to weigh against growth during the first three months of 2022, which fell off a cliff following the 6.9% gain to close out last year.

                                Rising omicron infections to start the year hampered activity across the board, while inflation surging at a level not seen since the early 1980s and the Russia invasion of Ukraine also contributed to the economic stasis.

                                Prices increased sharply during the quarter, with the price index for gross domestic purchases surging 7.8% in the three-month period, following a 7% gain in the fourth quarter of 2021.

                                While recession expectations on Wall Street remain low, there’s further trouble ahead: In an effort to combat burgeoning price increases, the Federal Reserve plans to enact a series of rate hikes aimed at slowing growth further.

                                Current market pricing indicates the equivalent of 10 quarter-percentage-point interest rate moves that would take the Fed’s benchmark interest rate to about 2.75% by the end of the year. That comes after two years of near-zero rates aimed at allowing a recovery from the steepest recession in U.S. history.

                                Along with that, the Fed has halted its monthly bond-buying program aimed at keeping rates low and money flowing through the economy. The Fed will start shrinking its current bond holdings as soon as next month, slowly at first then ultimately at a pace expected to hit as high as $95 billion a month.

                                While economists still largely expect the U.S. to skirt an outright recession, risks are rising.

                                Goldman Sachs sees about a 35% chance of negative growth a year from now. In a forecast that is an outlier on Wall Street, Deutsche Bank sees the chance of a “significant recession” hitting the economy in late 2023 and early 2024, the result of a Fed that will have tighten much more to tamp down inflation than forecasters currently anticipate.

                                That all comes after a year in which GDP rose at a 5.7% pace, the fastest since 1984. While consumer expenditures, which account for nearly 70% of the U.S. economy, drove growth in the first half of 2021, an inventory rebuild from the depleted pandemic levels accounted for almost all the growth in the final two quarters of the year.

                                Sustaining that growth into 2022 will require an easing in clogged supply chains and some resolution in Ukraine, both of which will face pressures from higher interest rates from not just the Fed but also global central banks that are engaged in a similar struggle against inflation.
                                Interest Rates,Inflation,Jobless claims,Gross domestic product,Breaking News: Markets,Markets,Breaking news,Economy,Breaking News: Economy,business news
                                Live Free or Die!

                                Comment


                                  Today was a tale of two markets.

                                  I lost almost my entire gain from yesterday in the first few hours. Pulling my hair out.

                                  From that point I gained 200%. Now I need hair restoration surgery.
                                  Live Free or Die!

                                  Comment


                                    Originally posted by Stinger_1066 View Post
                                    Today was a tale of two markets.

                                    I lost almost my entire gain from yesterday in the first few hours. Pulling my hair out.

                                    From that point I gained 200%. Now I need hair restoration surgery.
                                    So go long on Rogaine?

                                    Comment


                                      Sold CLF at $30.46 a few days ago in my managed account for about a $17000 profit. CLF is about $25 now.
                                      Sold off other stocks for much smaller profits. Have been building up the dry powder for a few weeks now.

                                      Comment


                                        Originally posted by theresonly187 View Post
                                        i don't think the dow has bottomed yet....not sure about nasdaq...
                                        dow hit my low...could go lower but I think the market will reverse to the up side in the next few days...

                                        Comment


                                          Originally posted by theresonly187 View Post

                                          dow hit my low...could go lower but I think the market will reverse to the up side in the next few days...
                                          I sure hope so. S&P and NASDAQ both closed below Gunderson's support levels.

                                          In his email on Thursday he said he disposed of all his inverse ETFs because he thinks we found a bottom. He should have waited at least one more day.

                                          I took a hit yesterday. The only thing that makes me feel good about it is it was significantly less than the hit taken by all the major indexes.

                                          Friday was one of those gut it out days. Pretty sure there will be a rally when China ends their lockdown, if they ever do. 80% of earnings reports so far have been positive.
                                          Live Free or Die!

                                          Comment


                                            Originally posted by Stinger_1066 View Post

                                            I sure hope so. S&P and NASDAQ both closed below Gunderson's support levels.

                                            In his email on Thursday he said he disposed of all his inverse ETFs because he thinks we found a bottom. He should have waited at least one more day.

                                            I took a hit yesterday. The only thing that makes me feel good about it is it was significantly less than the hit taken by all the major indexes.

                                            Friday was one of those gut it out days. Pretty sure there will be a rally when China ends their lockdown, if they ever do. 80% of earnings reports so far have been positive.
                                            They need to be using US vaccines to open up their country and reduce infection before it turns into some other mutation and the whole world starts over again. Idiots.

                                            Comment


                                              Originally posted by Stinger_1066 View Post

                                              I sure hope so. S&P and NASDAQ both closed below Gunderson's support levels.

                                              In his email on Thursday he said he disposed of all his inverse ETFs because he thinks we found a bottom. He should have waited at least one more day.

                                              I took a hit yesterday. The only thing that makes me feel good about it is it was significantly less than the hit taken by all the major indexes.

                                              Friday was one of those gut it out days. Pretty sure there will be a rally when China ends their lockdown, if they ever do. 80% of earnings reports so far have been positive.
                                              Thing about earnings reports, they are backward looking. Another GDP number like the previous one and that constitutes a recession (-1.4% growth was the initial read thus it could revert itself to a positive number given there are two revisions waiting down the road). Currently, the world is in a monetary tightening cycle. Monetary policy is usually too loose or too tight for the "sweet spot" rarely occurs. Given this, things are tending to look more grim than more robust. Sorry. There are always segments of the market which can still do relatively well, but the opportunities will likely become more narrow in scope. Good luck.

                                              Comment


                                                Originally posted by sheepdogs View Post

                                                Thing about earnings reports, they are backward looking. Another GDP number like the previous one and that constitutes a recession (-1.4% growth was the initial read thus it could revert itself to a positive number given there are two revisions waiting down the road). Currently, the world is in a monetary tightening cycle. Monetary policy is usually too loose or too tight for the "sweet spot" rarely occurs. Given this, things are tending to look more grim than more robust. Sorry. There are always segments of the market which can still do relatively well, but the opportunities will likely become more narrow in scope. Good luck.
                                                Agreed. I should have added, I look at forward looking guidance too.

                                                The negative GDP is troublesome. The explanation I saw was that we imported a whole lot more than we exported this past quarter. So, we are even more dependent on the Chinese than ever before.
                                                Live Free or Die!

                                                Comment


                                                  dow below it's support...so i think it'll probly bounce by eod

                                                  Comment


                                                    The pod from Friday for the CNBC guys (Guy Adami, Dan Nathan) are not optimistic AT ALL about the market and where it's going. Nothing I can do at this point but ride it out since it has been down so much.

                                                    Comment


                                                      Originally posted by theresonly187 View Post
                                                      dow below it's support...so i think it'll probly bounce by eod
                                                      ugh... bought nq futures contract on test of the top side trend line 12800 and set a tight profit target, should have set a stop and let it run. 200 points later... LOL

                                                      Made a profit but man, the woulda coulda

                                                      Comment


                                                        Originally posted by theresonly187 View Post
                                                        dow below it's support...so i think it'll probly bounce by eod
                                                        You were right about that.

                                                        I was at one point down 1.5% on the day, finished up 0.4%.
                                                        Live Free or Die!

                                                        Comment


                                                          Originally posted by MJSooner View Post
                                                          The pod from Friday for the CNBC guys (Guy Adami, Dan Nathan) are not optimistic AT ALL about the market and where it's going. Nothing I can do at this point but ride it out since it has been down so much.
                                                          I think this bottom will hold. Nowhere to go but up, but it may continue to be a roller coaster for a while. China coming out of lockdown will really help.
                                                          Live Free or Die!

                                                          Comment


                                                            MJSooner - LSB (LXU) was crushed today. Their earnings report wasn't that bad. Call me stupid, but I added a few more shares.
                                                            Live Free or Die!

                                                            Comment


                                                              The Fed announced a 50 basis point hike, which was expected. J Powell speaks at 1:30 pm.
                                                              Live Free or Die!

                                                              Comment


                                                                I watched Powell's presser. First time I've ever done that. It was very interesting to watch the index numbers. As soon as he said that they were not entertaining anything larger than 50 basis point hikes, the indexes exploded. My account went from being flat on the day to being up by more than 2% in less than 15 minutes.
                                                                Live Free or Die!

                                                                Comment


                                                                  Originally posted by Stinger_1066 View Post
                                                                  I watched Powell's presser. First time I've ever done that. It was very interesting to watch the index numbers. As soon as he said that they were not entertaining anything larger than 50 basis point hikes, the indexes exploded. My account went from being flat on the day to being up by more than 2% in less than 15 minutes.
                                                                  I need that gig for a few days so I can unload some dogs.

                                                                  Comment


                                                                    Originally posted by MJSooner View Post

                                                                    I need that gig for a few days so I can unload some dogs.
                                                                    I ended up 3% on the day. My best in a long time. At one point I was a half percent down.
                                                                    Live Free or Die!

                                                                    Comment


                                                                      Originally posted by Stinger_1066 View Post

                                                                      I ended up 3% on the day. My best in a long time. At one point I was a half percent down.
                                                                      I was up 2.05%.

                                                                      Comment


                                                                        Originally posted by MJSooner View Post

                                                                        I was up 2.05%.
                                                                        Back down today almost as much.

                                                                        Comment


                                                                          Originally posted by MJSooner View Post

                                                                          Back down today almost as much.
                                                                          Today is a good day to buy.

                                                                          Also, I suspect there may be an afternoon rally.
                                                                          Live Free or Die!

                                                                          Comment


                                                                            Originally posted by Stinger_1066 View Post

                                                                            Today is a good day to buy.

                                                                            Also, I suspect there may be an afternoon rally.
                                                                            may not get that bounce today

                                                                            Comment


                                                                              Originally posted by theresonly187 View Post

                                                                              may not get that bounce today
                                                                              Brutal today.

                                                                              Comment


                                                                                dow could close above 32885...not much of a bounce

                                                                                Comment


                                                                                  Oh well, back to square one. I used it as an opportunity to buy some stuff that has posted positive earnings reports. Baby being thrown out with the bathwater type stuff.
                                                                                  Live Free or Die!

                                                                                  Comment


                                                                                    bounced a little higher than i anticipated....
                                                                                    should start a pretty solid rally very soon....i think the low is basically in....

                                                                                    Comment


                                                                                      Two steps forward, two steps back….

                                                                                      Today’s gain is tomorrow’s loss….or vice versa.

                                                                                      Options traders love volatility…but not this level of volatility.

                                                                                      Comment


                                                                                        Originally posted by theresonly187 View Post
                                                                                        bounced a little higher than i anticipated....
                                                                                        should start a pretty solid rally very soon....i think the low is basically in....
                                                                                        I also think we've hit bottom. Not sure about a rally, but I expect a slow upward trend.

                                                                                        The Fed was pretty firm in their commitment to stick to 50 basis point hikes for the next few meetings. They took the 75 basis point hike option off the table (for now).

                                                                                        80% of the S&P companies beat earnings expectations, and most have offered positive forward guidance.

                                                                                        Multiples have shrunk due to the rise in interest rates. That means forward P/E is lower than before, i.e., there is more value.

                                                                                        The three wild cards are the war, the lockdown in China, and inflation (has it peaked yet?).
                                                                                        Live Free or Die!

                                                                                        Comment


                                                                                          And lower we go......

                                                                                          Comment


                                                                                            Things are down for me over all but it's times like this when I'm glad that my manger has gradually been shifting us into higher quality positions that pay decent dividends an in recent weeks, he has been building up our dry powder....but, I'm afraid we are entering a lengthy period of time that will eventually remind investor's a lot of the 1970's and perhaps worse, but nobody knows.

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                                                                                                  Market opens lower today. I've got a little dry powder to add more VTSAX at the bottom. Is today that day, or hang on a little longer?

                                                                                                  Comment


                                                                                                    Originally posted by SoonerMBA View Post
                                                                                                    Market opens lower today. I've got a little dry powder to add more VTSAX at the bottom. Is today that day, or hang on a little longer?
                                                                                                    That is a very broad fund. Have you considered any sector funds?

                                                                                                    Pretty much everything is down today - all sectors.

                                                                                                    This might be a good day to buy some O&G and / or commodity ETFs.
                                                                                                    Live Free or Die!

                                                                                                    Comment


                                                                                                      Where's that bottom you all were seeing last week?

                                                                                                      Comment

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