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It happens in bear markets. Another shoe dropped.


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#11 skott

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Posted 15 March 2023 - 11:29 AM

you are missing a big component for shipping costs. do you know they now charge huge penalties on dirty oil used in shipping? it's either pay that penalty or buy extremely expensive oil that may not even work on your ship.  Also, have you heard of ESG?  They are imposing this climate Sh!t everywhere. It's all about control. all a huge lie. They are going to squeeze the life out of everything and then pick up the pieces. Biden admin is like the Mafia. Blow up nordstream, oh now we get contracts to supply your natgas. China wants taiwan, they've already said they'll blow up taiwan facilities before they let China have them. You think that isn't based on money/greed? You think there will be some well timed investments in US semis before they blow taiwan up?


Edited by skott, 15 March 2023 - 11:53 AM.


#12 skott

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Posted 15 March 2023 - 11:33 AM

The bank index has retraced almost 78% of the move up from the Pandemic low. That is where the US markets are headed first. Later they will go even lower.

 

I don't know where the Russell 2000 ends the day but it's down 3%

 

My MSI short... down $10 a share today

 

XLE 6.65% drop

 

SMH down almost 3% today. need it to break 232.70  I've been far under the water on this for awhile. Short from 229+



#13 skott

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Posted 15 March 2023 - 11:39 AM

closed 4% of my NVDA short @234.80   entry price 239.41

another 4% @ 235.73

another 2% @237.97


Edited by skott, 15 March 2023 - 12:24 PM.


#14 skott

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Posted 15 March 2023 - 11:43 AM

Gold is up $35 yet gold stocks are down. That's not bullish for anything. Risk off.  US$ up 1.25% today  risk off. Euro crumbling as I told you before record commercial short position in the Euro. Risk off.



#15 skott

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Posted 15 March 2023 - 12:07 PM

Looks like MSFT and GOOG have been holding up the QQQ, keeping it from having a worse showing than much of the market. ON a daily basis it looks like MSFT has put in another lower high consistent with a bear market.  If it breaks 260.20 things should pick up steam on the down side. 



#16 K Wave

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Posted 15 March 2023 - 12:08 PM

The bank index has retraced almost 78% of the move up from the Pandemic low. That is where the US markets are headed first. Later they will go even lower.

 

I don't know where the Russell 2000 ends the day but it's down 3%

 

My MSI short... down $10 a share today

 

XLE 6.65% drop

 

SMH down almost 3% today. need it to break 232.70  I've been far under the water on this for awhile. Short from 229+

Rusty breach of 1800, and then bounce failure at same spot = ugly


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#17 skott

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Posted 15 March 2023 - 12:30 PM

NVDA has now made the 3rd lower high (if it holds @238.64) since the recent high of 244.54 which is also a lower high from the Bull market high of 289ish. I'm going to sit tight for now and running out of time for this day before I go to work



#18 K Wave

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Posted 15 March 2023 - 12:43 PM

NVDA has now made the 3rd lower high (if it holds @238.64) since the recent high of 244.54 which is also a lower high from the Bull market high of 289ish. I'm going to sit tight for now and running out of time for this day before I go to work

235 is first warning...230 get outta Dodge


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#19 skott

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Posted 15 March 2023 - 12:59 PM

 

NVDA has now made the 3rd lower high (if it holds @238.64) since the recent high of 244.54 which is also a lower high from the Bull market high of 289ish. I'm going to sit tight for now and running out of time for this day before I go to work

235 is first warning...230 get outta Dodge

 

 

 

I'm hoping. I think Jim Cramer said he was short NVDA sept 2022 before it's big run up. It's more than doubled from 108 to 238 since October low. I wonder if he has said go long?



#20 skott

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Posted 15 March 2023 - 01:08 PM

 

 

NVDA has now made the 3rd lower high (if it holds @238.64) since the recent high of 244.54 which is also a lower high from the Bull market high of 289ish. I'm going to sit tight for now and running out of time for this day before I go to work

235 is first warning...230 get outta Dodge

 

 

 

I'm hoping. I think Jim Cramer said he was short NVDA sept 2022 before it's big run up. It's more than doubled from 108 to 238 since October low. I wonder if he has said go long?

 

 

ultimately it has to break 223.50 but first things first. Insider selling, PE of 102 with a growth rate at best of 25% doesn't justify the price. Investors like it because it's a name, maybe they have an Nvidia GPU, they remember it being 346 and everyone including the dumb dumb thinks the market bear is over. Markets never go down two years in a year right? buy the dip right? Fed is backstopping the market right?  weren't they backstopping it in 2000? 2007/2008?  IMO they won't do another pandemic style money printing again.