Jump to content



Photo

Nothing left to buy


  • Please log in to reply
8 replies to this topic

#1 linrom1

linrom1

    Member

  • Traders-Talk User
  • 3,957 posts

Posted 26 March 2020 - 03:29 PM

Everything is expensive. There is nothing left to buy, except oil.


Edited by linrom1, 26 March 2020 - 03:32 PM.


#2 dougie

dougie

    Member

  • Traders-Talk User
  • 9,000 posts

Posted 26 March 2020 - 04:00 PM

is OIL completing an ABC off 2008 highs?



#3 dougie

dougie

    Member

  • Traders-Talk User
  • 9,000 posts

Posted 26 March 2020 - 04:10 PM

Ethanol is dirt cheap: https://finviz.com/f....ashx?t=ZK&p=m1

what with all the hand sanitizer shortages...

 

just sayin



#4 linrom1

linrom1

    Member

  • Traders-Talk User
  • 3,957 posts

Posted 26 March 2020 - 04:51 PM

is OIL completing an ABC off 2008 highs?



#5 MikeyG

MikeyG

    Member

  • Traders-Talk User
  • 2,850 posts

Posted 26 March 2020 - 05:09 PM

Everything is expensive. There is nothing left to buy, except oil.



Quality companies will make new highs, plenty out there!

mdgcapital@protonmail.com  

papilioinvest.com

@papilioinvest

 

"One soul is worth more than the whole world." 


#6 pdx5

pdx5

    I want return OF my money more than return ON my money

  • Traders-Talk User
  • 9,521 posts

Posted 26 March 2020 - 06:12 PM

Time to buy was early in the week, which by pure luck I did. 

I think the virus problem is far from over. The peak of infections is ahead, not behind.

I will wait for new lows (Adami agrees) to buy more.


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#7 Darris

Darris

    Member

  • Traders-Talk User
  • 1,667 posts

Posted 26 March 2020 - 08:19 PM

Proshares outstanding shares additions the last 3 days hit a cumulative record as well in Major Market Short instruments for -1x, -2x, and -3x at 1.4 billion dollars.  They had covered about 1.8 billion the prior 20 days before starting to add back.  Most was the last two days at 1.2 billion.  They are starting to get a little payback so far this evening, but never know when another trillion dollar bazooka load will land.



#8 cycletimer

cycletimer

    Member

  • Traders-Talk User
  • 2,618 posts

Posted 26 March 2020 - 10:09 PM

Time to buy was early in the week, which by pure luck I did. 

I think the virus problem is far from over. The peak of infections is ahead, not behind.

I will wait for new lows (Adami agrees) to buy more.

I’m with you on that.  I used up all available cash on Monday for some buying and exited 2/3 of those positions this afternoon.  I have limit orders in to exit remaining about 5% above closing levels.  I think we rally thru the 31st.  Next cycle turn is April 1st (+ or - 1 TD). I believe we bottom in the 1800-2000 area.  



#9 Darris

Darris

    Member

  • Traders-Talk User
  • 1,667 posts

Posted 27 March 2020 - 12:29 PM

Additional information on leveraged ETF demand.

https://www.bloomber...srnd=markets-vp