UPDATE May 26
Another green day, does it continue?
The market wants to rally, they're trying to convince you to buy, but those pesky conference calls arent helping (there is no reason to buy anything but GOLD SILVER & OIL)
Dont worry about the value of your stock- worry about the value of the dollar. $USD(USDindex.FX$ The dollar is cooling off for another run up. "A strong dollar is good right?" - NO, NO, NO a strong dollar is BAD, think about it, if your a company is doing business overseas now those dollars don't convert, the foreign buyers must convert more of their currency to buy a more expensive dollar (world inflation), all a strong dollar does is push the US inflation onto everyone who wants to do business in dollars- and guess how long that continues before foreign investment says "no mas" and stops converting to dollars? I don't know the breaking point either but it's there, and we're going to find it eventually.
The market wants to rally, they're trying to convince you to buy, but those pesky conference calls arent helping (there is no reason to buy anything but GOLD SILVER & OIL)
Dont worry about the value of your stock- worry about the value of the dollar. $USD(USDindex.FX$ The dollar is cooling off for another run up. "A strong dollar is good right?" - NO, NO, NO a strong dollar is BAD, think about it, if your a company is doing business overseas now those dollars don't convert, the foreign buyers must convert more of their currency to buy a more expensive dollar (world inflation), all a strong dollar does is push the US inflation onto everyone who wants to do business in dollars- and guess how long that continues before foreign investment says "no mas" and stops converting to dollars? I don't know the breaking point either but it's there, and we're going to find it eventually.
This will play out most visibly in OIL where foreign investment will STOP purchasing oil in dollars (that's the beginning of the end of the dollar) $Crude Oil Futures(SEP4)(CLmain.US$ $ConocoPhillips(COP.US$ $Occidental Petroleum(OXY.US$ $NOV Inc(NOV.US$ $Halliburton(HAL.US$ $Schlumberger(SLB.US$ and my personal favorite right now (oil rallied BKR went down! this wants to be over 40) $Baker Hughes(BKR.US$
Oil has had EVERY OPPORTUNITY to selloff, but it HASN'T. The old guard is resilient and NECESSARY in life, it is used in EVERYTHING you own/use - your clothes are made with oil, your home was built with oil, your food is harvested processed and transported using oil. There is no escaping it. Environmentalists are dumb (willingly ignorant) and will leave you broke, poor, cold and starving - be better! shirk their nonsense and buy OIL!
SLB Schlumberger 48 then 50+!!!!
BKR Baker Hughes 40!!!
$VanEck Oil Services ETF(OIH.US$
Was 250 a week ago and I pleaded that it was THE buy, this is a 400 ETF stock. This is a wealth builder.
Was 250 a week ago and I pleaded that it was THE buy, this is a 400 ETF stock. This is a wealth builder.
But that's the future (and it's not bright, it's dark and bleak), so what will tomorrow bring? $E-mini NASDAQ 100 Futures(SEP4)(NQmain.US$
$Invesco QQQ Trust(QQQ.US$ $ProShares UltraPro Short QQQ ETF(SQQQ.US$ $ProShares UltraPro QQQ ETF(TQQQ.US$ Q looks like it wants to rally, but everytime it does this it sells. It refuses to set a new low and is fighting to rally - this is a stalemate no one wants to buy but no one is selling (why sell at a 30% loss for another 1-3%?)
Looks like we get a rally going into memorial day weekend.
Looks like we get a rally going into memorial day weekend.
So what does VIX tell us about fear... $VIX Index Futures(AUG4)(VXmain.US$ $CBOE Volatility S&P 500 Index(.VIX.US$ $ProShares Ultra VIX Short-Term Futures ETF(UVXY.US$
The market is telling us there is almost NO FEAR! do you believe that??? I don't, the market is a joke- just crash already (it won't because retail is actually hedged and dug in, so they need to rally and wipeout their hedges, the market is designed to keep you poor and forcing you into their investments- ESG anyone?)
The market is telling us there is almost NO FEAR! do you believe that??? I don't, the market is a joke- just crash already (it won't because retail is actually hedged and dug in, so they need to rally and wipeout their hedges, the market is designed to keep you poor and forcing you into their investments- ESG anyone?)
Gold: Everything evil and wrong with the market is what is good and right with GOLD - protect your wealth or grow your own - own real Gold/Silver! $E-micro Gold Futures(DEC4)(MGCmain.US$ $SPDR Gold ETF(GLD.US$
Futures
Futures
Gold ETF
Uranium: $Uranium(BK2430.US$ $Energy Fuels(UUUU.US$ $Uranium Energy(UEC.US$ $Denison Mines(DNN.US$ This looks ominous to me, like is there another big leg down? I don't think so but it wouldn't surprise me.
Ok I missed Monday's update, too busy at work, i don't know about everyone else but work is crazy. Just had a meeting with the owner yesterday and S* is hitting the fan, money is drying up- products are too damn expensive and hard to get (we have been limited to 50yds of concrete a day!!! As a major builder who uses that every half hour on a standing scheduled order, that is a big FU)
So with that being said I'm off to fix some problems- try to convince owners if they want their project built they are going to accept whatever product we can get to build it- if not bye- they can eat the contract and rebid see if they like the new outrageous bids.
Rant over, but I rant to show how my view of this market/economy is shaped.
Down the mountain I go, as always -
Good Luck
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Dons hobby : Iam my stocks are down to 3 LPG, MRO, SLB
when you have a minute could you let me know what you think ? Thanks
Jason Jason8 : So you're not optimistic that UVXY will see a huge increase in a short period of time or wait until the Federal Reserve downsizes again in June
Jason Jason8 : The day before yesterday, I saw that all three major US stock indices fell, but there was no significant increase in UVXY. Because I still hold a lot of positions. I'm a little worried
iamiam OP Dons hobby : marathon and Schlumberger![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
and liquified gas![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
iamiam OP Jason Jason8 : it will after this rally, buy uvxy at/near the top of the rally
iamiam OP Jason Jason8 : uvxy is in consolidation and will breakout, it will go down first then way way up my guess second week of june
Dons hobby iamiam OP : Thanks I appreciate your insite always
Dons hobby : When would be a good time to get on Iam ?
Dons hobby : get in
W Chiang : The US economy contracted an annualized 1.5% on quarter in the first three months of 2022, slightly worse than initial estimates of a 1.4% decline
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