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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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ajtj99
To: Jacob Snyder who wrote (41349)10/29/2021 1:56:59 PM
From: Lee Lichterman III1 Recommendation   of 97305
 
True. As for your examples, UL is in a funk and most of the moves happen during the European market. I can't trade it until our market hours. (I don't believe it even trades pre or post hours). I've almost pulled the trigger a few times on it anyway but... Besides, I can get the same yield and sector via the XLP without the company specific risk. I will probably buy it eventually though.
CHV/XOM yes good plays when they were lower but not going to add up here. Note XOM missed on upstream revenue this morning but made up for it in downstream.
SU , sands are high cost. They're fine as long as oil stays high but they also used to have issues getting it transported though I haven't kept up with them since I played them years ago.
I like BIDU more than BABA but I'm not touching China for a while. Too unstable with Xi messing with everything depending on what side of the bed he gets up on each morning. I also got a sell on China last night or night before, I forget.
BBL, RIO et al ... I've been looking to buy but they can't seem to find a floor or form a base. Every time they look like they've bottomed, they start falling again. I tried to sell BBL puts a couple days ago but they wouldn't take my high ask. They've dropped a couple since then and now I can get a better price but the chart looks like I can do better next week. RIO especially now looks like my worst case scenario is going to happen so I expect it to go much lower. Their div is semi-annual so there's no rush. FCX only has a 0.8 div which isn't worth my time unless the stock price would climb significantly which I doubt. I haven't tracked VALE
I have XLU from around 60-61.
I have core stuff like you. I have various yield ETFs that I've had for a while. I added the ones I've mentioned here on the last dip like SPFF BDJ etc.
I mostly trade SPY, TNA and QQQ though. I do best with MDY but it isn't liquid enough so I haven't been trading it much lately even though my system works great on it.
I was trading LABU/LABD a lot the last few weeks but it is up at the top of the channel risking a breakout so I'm waiting to see what it wants to do before playing it again. It had a nice narrow channel 51-53 for a long time and would run up in the morning and then die during the day so you could buy LABU on the open then sell and buy LABD a couple hours later and hold but that went out the window a couple days ago.
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