iam traveling so this will be quick. I expect a drop upcoming, not today, but soon, maybe at the FOMC on Tuesday. The rate increase doesn't really matter as it should be a .25 increase. Anything different will be met with selling. I believe it's met with selling either way. but we will see. It's the Q & A session and the dot plot that the market wants to see. Until then, it should be up today, in probably another odd trading day. Banks should rally today. I would limit my bank exposure to only the big lenders ($Charles Schwab (SCHW.US)$etc.
. We should get one more move up. I would say a relatively small move, but we will see. $E-mini NASDAQ 100 Futures Main(JUN3)(NQmain.US)$
$Dow Jones Industrial Average(.DJI.US)$ I also expect a push for the dow to the 50MA near 32225 and then further to the 200MA near 32350.
$Tesla (TSLA.US)$One more bullish push??? Probably, that would be nice, a new short to enter.
$First Solar (FSLR.US)$Still in my short position. Hoping to ridecthis down to below 170 in the next few weeks
Be Safe, Be Careful, Be Wise
and as always Good Luck
The market is still running under the assumption of a "soft" landing (no recession, no earnings recession). I believe this gets ruined this week. The result will be the evaluation multiples getting trimmed. The stock evaluations are currently around 18-20X with an earnings reset we should be in the low teens (14X is a good re-pricing). that should be around another 20% to be cut.
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butter
:
@iamiamI love to read your post they are very resourceful and they make a lot of sense to me because I am new to this you help me understand a lot more can you please tell me what you mean about short and all the time
iamiam
OP
butter
:
I use 3 different methods to short. 1.) I buy SQQQ or other leveraged short ETFs. 2.) I buy puts, or sell calls. 3.) I actually short the stock by borrowing shares and selling them.
iamiam
OP
butter
:
it doesn't. short means I'm betting against it. when I borrow shares, I sell those into the open market. I keep the money. at some point I buy them back (hopefully cheaper, and keeping the difference). until I buy them back and return them to the lender I pay a fee.
S Punt : Very insightful thanks.
butter : @iamiamI love to read your post they are very resourceful and they make a lot of sense to me because I am new to this you help me understand a lot more can you please tell me what you mean about short and all the time
iamiam OP butter : I use 3 different methods to short.
1.) I buy SQQQ or other leveraged short ETFs.
2.) I buy puts, or sell calls.
3.) I actually short the stock by borrowing shares and selling them.
butter : what do you mean you short the stock by borrowing shares in selling them how does that make the price of your shares go up
iamiam OP butter : it doesn't. short means I'm betting against it. when I borrow shares, I sell those into the open market. I keep the money. at some point I buy them back (hopefully cheaper, and keeping the difference). until I buy them back and return them to the lender I pay a fee.