Dow Jones Average closes down 2.93% on 22 March 2018

I was seeing patients. Did I miss my buying opportunity?
 
So, watch for futures in am?
 
It might be a good time to get aboard with some of those dividend Aristocrats?...MMM on sale
 
Got an alert that one of my stop-limit orders triggered.

Headline said it looks like panic selling. Cool. Let's drain the swamp.

And so I went shopping! 20 min before close. Decent, possibly one-day sale. Might get up early tomorrow (Pacific Time Zone sucks sometimes) and see if there might be any good deals left.
 
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24000 for the Dow looks like it is becoming a strong level of support. It closed right around here on Feb 8th and February 5th.

Now what do with that information?

A) You could argue that we are now in a sideways range (bottom of range Being 24000 and top of range being roughly 26000ish). The Dow could very well just futz around this range for a long while (several months, possibly years). If in a sideways range, you want to Buy low (ie buy tomorrow morning) and sell some at 25500 or so). Rinse and repeat.

B) you could also argue we are still in a bull trend, in which you just buy every dip you come across.

C). You could argue the market is now (finally) becoming bearish and the credit cycle is starting to turn. The evidence for this is overwhelming in my opinion. Powell seems to be a bit of a hawk. Markets don’t by like that. Particularly markets that are propped up on cheap debt.
In this case, you want to wait. Wait till the Dow breaks below 24000 support (once it does, it will likely go back up to it. If that occurs and then the price
 
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Call me a greedy pig but if I am going to play the stock market, I don’t want to wait ten years to get a profit on the cash I risked.
Call me greedy, but I'm not hanging around the blackjack table if I have wait all night to cash in my chips at a profit.

What's the different between The Stock Market and a Las Vegas Casino?

None. A few players win big, most just play, make a little and loose a little, but the House/Brokerage always wins.
 
24000 for the Dow looks like it is becoming a strong level of support. It closed right around here on Feb 8th and February 5th.

Now what do with that information?

A) You could argue that we are now in a sideways range (bottom of range Being 24000 and top of range being roughly 26000ish). The Dow could very well just futz around this range for a long while (several months, possibly years). If in a sideways range, you want to Buy low (ie buy tomorrow morning) and sell some at 25500 or so). Rinse and repeat.

B) you could also argue we are still in a bull trend, in which you just buy every dip you come across.

C). You could argue the market is now (finally) becoming bearish and the credit cycle is starting to turn. The evidence for this is overwhelming in my opinion. Powell seems to be a bit of a hawk. Markets don’t by like that. Particularly markets that are propped up on cheap debt.
In this case, you want to wait. Wait till the Dow breaks below 24000 support (once it does, it will likely go back up to it. If that occurs and then the price
So 3? o_O
 
Whoops. Yes, so if it breaks below 24000 then quickly goes back up to it and breaks up through 24000 (a good hearty up swing) then don’t sell. But if it breaks down below 24000 and then it slowly meanders/inches it’s way back up to 24000 that’s where I’d think about selling. At that point I would think it’s clearly out of the range. And then. 24000 becomes resistance (instead of support)
 
So a couple months ago the hyp was about a..... can't remember the term used.......but implied a hyper surge of the Dow to 30K+. Guess Trump giveth and Trump taketh away.
 
So a couple months ago the hyp was about a..... can't remember the term used.......but implied a hyper surge of the Dow to 30K+. Guess Trump giveth and Trump taketh away.
I still see a buying opportunity. I follow Stansberry pretty closely. They called this. They said expect 3-5 10% or so drops over the next 12 months. Every "melt up" has had that because of the heightened volatility. Their advice -- have plenty of cash on hand because there are buying opportunities at the bottom of each correction.

Today I bought CTL. Tomorrow I'm adding CCLP.
 
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Is this a result of the talk of raising rates and tariffs on China? I was curious if there ever was going to be a response to China continuing to steal hundreds of billion$ in intellectual property
 
Is this a result of the talk of raising rates and tariffs on China? I was curious if there ever was going to be a response to China continuing to steal hundreds of billion$ in intellectual property
99% because of raising rates and 1% because of tariffs. So yes. It’s because of the tariffs.
 
99% because of raising rates and 1% because of tariffs. So yes. It’s because of the tariffs.
My experience is different. My China stocks -- of which I have quite a few -- were HAMMERED today. 90% of my losses were in a few China stocks and funds, some of which are leveraged. On top of that, companies that have close ties to China, such as Walmart, were also hammered today.

Now, perhaps China stocks and stocks of companies that make things in China or sell products from China went down because of the Fed increasing rates by a quarter point, something they said they were going to do and which surprised nobody. But, I'm kind of leaning toward it being more the result of the $60B in tariffs on products from China. :rolleyes:
 
My experience is different. My China stocks -- of which I have quite a few -- were HAMMERED today. 90% of my losses were in a few China stocks and funds, some of which are leveraged. On top of that, companies that have close ties to China, such as Walmart, were also hammered today.
You must have been really leveraged. Singapore and Heng Seng are down comparable to the U.S. Markets. I got clobbered on Tencent which is another story.
 
Is this a result of the talk of raising rates and tariffs on China? I was curious if there ever was going to be a response to China continuing to steal hundreds of billion$ in intellectual property
Why would they start now after all these years. Besides Trump deciding to that is.
 
You must have been really leveraged. Singapore and Heng Seng are down comparable to the U.S. Markets. I got clobbered on Tencent which is another story.
China remains a really good long term investment. This Trump-speed-bump will pass, as will Trump. So, yes, definitely leveraged.
 
We could all say that Powell cranking the overnight rate up 25 bps was baked in but we could say the same about these tariffs. Haven’t these been discussed for a while now too? Was this not a significant component to Trumps agenda?

Fact is, the stock market is highly sensitive to these little .25 point rate hikes.
 
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$60 billion in tariffs and retaliating with $3 billion doesn't seem like much of a war to me.

Maybe the Chinese stole all the intellectual property they need.
 
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The Dow-Jones Average of Selected Industrial Securities is not in its second day of a downward trend anymore.
The Dow-Jones Average closed down on Friday, 23 March 2018.

23533.20 at close.
-424.69 from open.
-1.77% at close.

New York Times
4:09 pm EDST
 
Got my buy in to MMM at a perfect time today thanks to Dr. Barris' heads up earlier.
Thanks!
 
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I was just going to keep accruing some cash but April 15th is looming so I'll hafta start all over. My lab tests were normal so I bought 2 giant Snickers bars...1 w/ almonds. Made by Mars..unfortunately a private company..except for the Billionaire Mars family.
 
So where are you guys looking for the next buy-ins?
 
I got stopped out of Verizon [VZ] and I think that says something. So AT&T [T] will be the recipient of those funds. Similar 5%+ dividend with less risk, albeit with more drama. Time Warner might be a good buy for AT&T, but not for cable and internet users in America.

I'm also upping my stake in SPY. But that's in my IRA. For my gaming side, if it looks like the bottom, and is it appears based on UltraPro S&P 3x leveraged ETF, then UPRO it is, so more of that one.
 
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The Great Depression was caused in part by the imposition of ill advised tariffs on foreign products. Just as the idiot in WH office is trying to do. Better sell everything before the big crash of 2018 hits. Buy CA real estate; up !000% in 30 years. Not just a number in cyberspace.