STOCK MARKET: Let's talk stocks and investing

WTF IS THAT REAL JESUS UP 30%

 

Your view on uvxy has changed. Ten pages ago you were complaining how it I was a real POS. of course it's going up. It's the leveraged 2x on vix

 

Nope, wrong. It is a total POS and I want to get out of it as soon as I can. I'm still down a bit believe it or not. I know it's not made to hold longer than a few minutes/days, but I'll take my chances at this point to break even and split as soon as I get a chance.

 

The market temperature bottom is 1860 on the spx. If it bounces there then the uvxy will come back a bit. Not sure what your cost basis is.. Or if you have equity or options

 

Equity. Let's just say if it has another day like today, I'll be able to unload.

 

I have the next area of support on the SPX around 1750-1770 where I would see a bounce after panic selling ensues. I can an see an ideal situation of where the bears reverse a solid up day leading to a quick panic sell off to that 1750 target.

 

I like that area as well. The 200 week MA is kind of near there too.

 

CJES IS GOING TO BE A GREAT COME UP : ) bout to re buy it

 

I'm really trying to get into this but it's so difficult. I'm trying khanacademy lectures but it bores me to death. I really want to make some bucks off of this, seems the smart people do. But really, I'm an impatient person. ugh.

 

I went short with the weekly spy202 puts at open today. I sold half my position at close though. I want to see if spx can drawdown to 1920 area again. then break that and test 1860

 

on the other side I have 1999 as the 50% retrace on spx. I wanted to wait until at least 1993 but decided to take a flyer at open. was an odd day of camp then decline.

 

SPX in a nice bear pennant formation. If it can break 1925 for some time I think the losses will accelerate to the downside.

 

Looks like a decent risk/reward on shorting WTI crude right now. Stop loss just above 47. I think a move to 42 is possible by mid next week.

 

I'm looking to invest a few thousand dollars and want to make a diversified portfolio. What are some trustworthy sources for stock valuation and equity research? I am young, so I can afford to take some risks, but I'm not planning on doing anything too crazy like options trading.

 

morningstar.com is a great one

 

seekingalpha.com has some decent ideas from time to time.

 

how do you all feel EMES

 

all your questions are regarding energy stocks on steep decline. it's obvious you're trying to speculate the bottom and go long on these things. Just remember because its cheap now, it can still get cheaper.

 

I have done really well with CJES here as of late... I just feel like EMES is a steal.. last year around this time 125.00 a share