Just create a X profile. You don't need the app, I didn't install it. Then you can just follow who you want. I have it push notifications to my phone so I see everything right away but you don't have to do that either.
I gave my sell signal the Friday before last (actually, Thursday I posted I was about to get one) and the sell longs was last week, which I did except for 2 positions that are long term holds. BTW- I'm still using the same system I created 35-40 years ago. I'm not having to create something every week that does hindsight. LOL
What I really like about X is you can block people. I've only blocked one person. ;>)
PS - Just about every stock is up and to the right since November, actually since before that. Funny that many of the ones that aren't were picks from someone I know. You could throw darts at a wall Street journal and pick winners until January.
Breadth peaked December 27. The indexes have been hollowing out since. ETN has been carrying the XLI, MAG7 the NDX, LLY NOV the DRG, SMCI the R2K etc.
Depending on NVDA tonight, I was looking for SPX 4800 on this pullback. I'm legging back in to my favorites. I do think eventually, could take a while, but eventually, I think we see 4150 again. We could go to 5400 first for all I know. This is based on something new I noticed last weekend so I don't have super high confidence in it but it back tested great and was statistically viable.
Macro wise, pricing ability is sliding which is squeezing margins. Nominal growth was keeping up with inflation so price increases were compensating for declining unit sales for most sectors. Manufacturing is still sliding. Services inflation is still a thing despite goods inflation being dead.
I think we'll get a token rate cut or two this summer. Market could go nuts for a bit but then they'll realize neutral rate is higher. I figure longer term we'll settle around 4.25-4.5%
I Xweeted my view on AI and it's too long to type again now. I think we're in muddle through. Things aren't that bad but they aren't as good as the market has priced in. Just have to pick stuff that is cheap and keeps up with nominal. Bonus if it beats or throws high dividends.
My stuff has been doing great. My trading has improved dramatically since I got off here. It was a distraction. I just come and check that nothing is blowing up, clear my notifications and go away. My only regret is I sold THQ when it was overbought, I had made a ton and it was at the top of my channel. They announced a 60% increase in the div and took off. I took a nibble on a pullback to get back in hoping for a lower entry to get more but now it just keeps going up.
As far as NG, storage levels are way above normal and seasonal drawdowns are smaller than usual. It's been warm here too. 70 today. Spike today is because Chesapeake is reducing rigs and cutting cap ex 20%. I don't know that it will make much difference for a while. |
