The current state of the stock markets

[Ombud]

SPY downgraded to avoid by MarketEdge. In that I'm not very good at market timing, staying put

[Value Buy]

This market is spastic
Some technology stocks are taken to the woodshed for no reason. Has Apple stopped selling Ipads and watches?
Some restaurant fastfood stocks are on fire as if they have discovered gold in the greasepit in the kitchen.
Oil companies are being treated like oil will never hit $75 a barrel again. I get the shale oil plays.Many are dead and do not know it yet, but XOM, CVX?
Kuerig Green Mountain down 28% today on bad earnings. 28 PERCENT!
Disney down again today, taking most communcation stocks with them.
Did Mickey die? No, Disney does not want to take ESPN out of bundled cable and sell it separately to consumers. 
Solar stocks are big winners this month.
And yet the sky is the limit for stocks such as Netflix, Amazon, 
Fitbit beat on earnings and drops $5 a share today.
The fund managers seem to have lost all sense of what stocks are actually worth and are just chasing the hot stock of the day (not even the stock of the month) and dumping others regardless of the potential loss to fund holders.

[Value Buy]

Futures start out positive and now down 70 points on the DOW.
Tesla sort of took a hit, but $29 on a $250 stock is not bad.
NFLX up another $4.37 at $128 a share, when it was only $107 two weeks ago.

[ModE98]

Market is sure weird.  Nothing makes a lot of sense.  Agree

[clarkrl2]

It looks like IWM (Russell 2000 - small and mid caps etf) has a good chance of closing below its 200 day simple moving average. I really need that index to keep its positive long term trend for the type of trading that I've been doing.

[Value Buy]

Okay, it's time to start trimming some positions.
Have to start acting like a hedge fund mgr.
The IRS is going to see some big numbers coming in from big time capital gains.

[Value Buy]

Not necessarily from me. From the market in general.

[Value Buy]

Brutal day in the stock market today.
Portfolio took one of the biggest hits I have seen in years.
Every item in the red.

[Virgil Showlion]

And as they point out:



Hence there's a short ways to go yet.

If the Fed hikes rates in September, look out below.

[Aman A.K.A. Ahamburger]

Aug 20, 2015 18:20:37 GMT -5 Virgil Showlion said:

If the Fed hikes rates in September, look out below.

Hahaha, nice one Virg. It's gonna be pretty hard for that to happen now since housing is the only thing really keeping the US economy going. Any major disruptions there and....

Honestly, the global economy is the furthest thing from inflationary... I guess we'll see but me thinks, This selloff is about China, emerging markets, and a global conflict. JMO.

September Fed-hike bets dropping like a stone

[tyfighter3]

AHB, who's been preaching that for the last 2 years or more of things to watch for.

[Aman A.K.A. Ahamburger]

Aug 21, 2015 23:07:16 GMT -5 tyfighter3 said:

AHB, who's been preaching that for the last 2 years or more of things to watch for.

Just wait, I'm gonna start some new threads over the next while that should give us some things to talk about. For now, I gotta get some rest. Have a good one my successful friend.

[Value Buy]

That was one heck of week last week.
Oil was crazy.
Today the futures are down for the opening, but seems to be closing the losses closer to the bell.
Now people are thinking the Fed raises in September.
I just do not see it happening.

[Value Buy]

Futures are down 391 points right now. Looks like September is starting with a bang.

[Virgil Showlion]

Sept 1, 2015 8:18:21 GMT -5 Value Buy said:

Futures are down 391 points right now. Looks like September is starting with a bang.

Never underestimate the power of the PPT.

I predict all three: Dow, S&P 500, NASDAQ all green by US market close today. Watch for it.

[ArchietheDragon]

Virgil is bullish!

[Value Buy]

Sept 1, 2015 8:27:40 GMT -5 Virgil Showlion said:

Sept 1, 2015 8:18:21 GMT -5 Value Buy said:

Futures are down 391 points right now. Looks like September is starting with a bang.

Never underestimate the power of the PPT.

I predict all three: Dow, S&P 500, NASDAQ all green by US market close today. Watch for it.

hope so.
It also depends where wti and brent oil wind up today, and they are down 4% right now.

[Virgil Showlion]

Sept 1, 2015 8:28:44 GMT -5 ArchietheDragon said:

Virgil is bullish!

Why not? The equity markets are a fiction anyway. A share is nothing but a piece of paper priced at an increasingly exorbitant multiple of speculated future earnings.

AAPL goes up.
AAPL goes down.
Jump AAPL! Jump AAPL!
Up and down!

The MSM touts stocks as an indicator of economic health, which is why TPTB try so desperately to stabilize them, but stocks with artificially pumped-up prices are an indicator of nothing.

At least we can all be grateful that western reporters are still allowed to report information that might adversely affect the markets.

The Chinese are blaming their stock market crash on one journalist investigating corruption. Poor guy must have missed the memo from Big Brother.

[Value Buy]

Sept 1, 2015 8:46:13 GMT -5 Virgil Showlion said:

Sept 1, 2015 8:28:44 GMT -5 ArchietheDragon said:

Virgil is bullish!

Why not? The equity markets are a fiction anyway. A share is nothing but a piece of paper priced at an increasingly exorbitant multiple of speculated future earnings.

AAPL goes up.
AAPL goes down.
Jump AAPL! Jump AAPL!
Up and down!

The MSM touts stocks as an indicator of economic health, which is why TPTB try so desperately to stabilize them, but stocks with artificially pumped-up prices are an indicator of nothing.

At least we can all be grateful that western reporters are still allowed to report information that might adversely affect the markets.

The Chinese are blaming their stock market crash on one journalist investigating corruption. Poor guy must have missed the memo from Big Brother.

Now, there is a guy who we will never see again.

[ArchietheDragon]

Sept 1, 2015 8:46:13 GMT -5 Virgil Showlion said:

Sept 1, 2015 8:28:44 GMT -5 ArchietheDragon said:

Virgil is bullish!

Why not? The equity markets are a fiction anyway. A share is nothing but a piece of paper priced at an increasingly exorbitant multiple of speculated future earnings.

AAPL goes up.
AAPL goes down.
Jump AAPL! Jump AAPL!
Up and down!

The MSM touts stocks as an indicator of economic health, which is why TPTB try so desperately to stabilize them, but stocks with artificially pumped-up prices are an indicator of nothing.

At least we can all be grateful that western reporters are still allowed to report information that might adversely affect the markets.

The Chinese are blaming their stock market crash on one journalist investigating corruption. Poor guy must have missed the memo from Big Brother.

Welcome to the good guy's side. 

[Value Buy]

Dow down 526 points at 2:45 pm daylight savings time. 

edit: now down only 451 with a minute or two to go.

[ModE98]

Rough day, a prolonged downward trend seems likely......just how long or deep will it go?  Will just accumulate cash until a change occurs in the months ahead.  I've never been a good short player, so not going that route.

[Value Buy]

Sept 1, 2015 14:56:54 GMT -5 ModE98 said:

Rough day, a prolonged downward trend seems likely......just how long or deep will it go?  Will just accumulate cash until a change occurs in the months ahead.

On the plus side, I moved up on the stock pick of the week, thread, today.
I shorted a stock and it came through today!

[Value Buy]

Dow futures down 179 points right now.
Looks like a rocky day before the Labor Day holiday weekend.

[ModE98]

The way things have been going of late, many investors have the jitters and the pro's are always wary over long weekends.  Be careful today!

[Value Buy]

Looks like the oil markets are going down from these levels.
We have passed the point where low oil prices will hurt the stock market indexes.
Markets are going to be wonky today.

[ModE98]

stockcharts.com/h-sc/ui
The way the Dow chart is looking the markets could go either way.  Lower highs, but rising lows as the days go by.  Check chart.
The positive appearing MACD cross a few days ago could turn out to be a "bull trap" should the markets sell off again.  This chart seems to be a build up to some event soon.  Let's see the reaction should the Fed start its long-awaited interst raise with a 1/4 point (a virtual non-event in reality for most investors)....no big deal, but would give TV "talking heads" some room to make a big deal out of it.

[ModE98]

Market looking good so far today with 25 minutes to go.  But, tomorrow is a question mark.  Will they, or won't they?

[Value Buy]

Sept 16, 2015 14:38:38 GMT -5 ModE98 said:

Market looking good so far today with 25 minutes to go.  But, tomorrow is a question mark.  Will they, or won't they?

Still no clue for me.
CNBC had a poll of economists who had the same number of economists expecting an increase as last months poll, but had a few more that said no rate increase and fewer who were not sure, this month.

[ModE98]

Well  they will not raise for now....puts eyes on December.  They could even wait until 2016.  This could mean a "sloppy" market for a few months to come as the bulls and bears duke it out.