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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Lee Lichterman III who wrote (73391)11/4/2022 1:25:01 PM
From: Sun Tzu3 Recommendations

Recommended By
ajtj99
Arran Yuan
Lee Lichterman III

  Read Replies (1) | Respond to of 98135
 
This is not a market for your kind of trades. I was up last night and saw the futures jump 50 point in one minute around 2:30am. An hour later they dropped back to where they were, but still up 60 points on the night.

The major talk this week has been China reopening. This rumor has even pushed oil up despite some bearish news and copper is not going through the roof.

And what do you think I did with all this bullishness and market gyrations? I shorted near the top. Missed taking profits at bottom, but did take some profit on the longs near the 2nd top and used it to short again.

I also spent some time to figure out what I should do if say this weekend China comes clean and says yes we are easing off of covid zero. There are some great shorts around that even as the market rallies.

I am keeping my short positions over the weekend, unless we hit my profit target before the close.



To: Lee Lichterman III who wrote (73391)11/4/2022 1:38:48 PM
From: Lee Lichterman III2 Recommendations

Recommended By
DanWebzster
towerdog

  Read Replies (1) | Respond to of 98135
 
A couple things I noticed before I head out.
ENPH bearish engulfing candle today.

Follow senators. I think I mentioned I was watching GOGL because I saw some senator bought it. It was around $8 at the time but I just watched even though it has a HUGE dividend because shipping rates were collapsing. It's over $9 now.

Something to ponder and maybe discuss this weekend, XBD Broker/Dealer has been strong. I would think trading revenues would be dropping since market is down, portfolios are down and stymies have been lost. IPOs and SPACs are dead so what gives???

CAT & DE continue to baffle me. Fertilizer and fuel prices are killing farmers and grain prices aren't high enough to offset. I drove by a soybean farm last week and he just left them unharvested. There's hundreds of acres of brown dead beans just sitting there. Probably can't afford to run the combine. Construction is coming to a halt. Who's going to be buying equipment?



To: Lee Lichterman III who wrote (73391)11/4/2022 2:12:48 PM
From: towerdog2 Recommendations

Recommended By
ajtj99
Lee Lichterman III

  Read Replies (2) | Respond to of 98135
 
I made it..... FLAT........ LABD bailed me out......I worked myself out of a big mess never again. Looking forward to Monday got all my computer problems fixed, added Ram and a different Video card; feels rock solid.