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Yep, I figured out Motley

KISS systems heads up

Posted by DigiNomad on 3rd of May 2024 at 02:24 pm

Yep, I figured out Motley was the worst service very early on. I cringe now when people send me articles from them suggesting picks...but try to be nice and simply verify with other services. 

IBD Live now. Brian Shannon

KISS systems heads up

Posted by DigiNomad on 3rd of May 2024 at 12:33 pm

IBD Live now. Brian Shannon was on this week. 

The evil CANSLIM people that

KISS systems heads up

Posted by DigiNomad on 3rd of May 2024 at 12:32 pm

The evil CANSLIM people that think fundamentals are just as important as technicals and preach a blended approach?  Heresy!   

If we choose the left,

KISS systems heads up

Posted by DigiNomad on 3rd of May 2024 at 12:22 pm

If we choose the left, will you keep us notified intraday on a potential long trigger? 

My rally signal was when JPOW and Janet confirmed monetizing the debt and bailing out JPY.  Money printing bonanza. 

SPX 1hr - I have

Posted by DigiNomad on 3rd of May 2024 at 11:09 am

SPX 1hr - I have 5 waves off the bottom based on the cycle indicator and MA ribbon.   Logical place to rest.  I think all good on the bull side as long as we stay above 5080 on what is likely to be an ABC playing out here, eventually (1 hr time frame, so it might take a while).  

I had it on my

DELL--jumping back in.

Posted by DigiNomad on 3rd of May 2024 at 10:55 am

I had it on my buy list but the fundamentals are wacky. Huge EPS growth, but literally negative sales growth (not just slowing growth) and not great forward estimates. That's a recipe for disaster when the market if and when the market is ever not in money printing bull mode where valuations don't matter. Or maybe I read the numbers wrong...

That pretty much defines stagflation, but don't say it out loud around anyone with a political agenda :)

https://www.youtube.com/watch?v=Yk257jac_3Q

Powell after a 59 on prices and 49 on what amounts to growth (PMI) - "I was alive during the last stagflation. You guys don't know what you're talking about! You're being ridiculous."  It's actually his job to gaslight the global population because perception leads to reality a lot of times in the econ world, but the constant gaslighting by the media for political reasons is inexcusable.  
I watched a pod last night where the guy made the case that the media continually saying everything is great when it's clearly not is leading to a massive and persistent rise in Marxism. He made a very good case (Eurodollar University). In other words, maybe people aren't smart enough to know why JPOW and the media are wrong, but everyone has this sense they are being gaslit simply because of their personal experiences in the economy. This leads them to despair about a system where apparently everything is great but they're not great, which leads them to Marxism.

USA ISM Non-Manufacturing Prices For April 59.2 Vs 55.0 Est.; 53.4 Prior
USA ISM Non-Manufacturing PMI For April 49.4 Vs 52.0 Est.; 51.4 Prior

Wow, the gap is actually

KR hmmmm

Posted by DigiNomad on 2nd of May 2024 at 11:38 pm

Wow, the gap is actually much larger from the perspective of the volume profile...

In the Navy we joke about the Filipino mafia running HR (actually called the personnel dept...but same same). Sounds like Boeing has the Gambino family running their HR. Filipinos are the best people on the planet, but I bet the Gambinos are a hell of a lot more efficient! 

Another Boeing whistleblower dies of

Posted by DigiNomad on 2nd of May 2024 at 07:39 pm

Another Boeing whistleblower dies of sudden illness...under 50.

https://x.com/LynAldenContact/status/1786153098848653451

These posts probably confuse some

SPX options

Posted by DigiNomad on 2nd of May 2024 at 06:17 pm

These posts probably confuse some people. I personally was still considering that it could be a wave 4 of 5 of some sort (which appears more plausible now)

NFP - not sure why

Posted by DigiNomad on 2nd of May 2024 at 06:03 pm

NFP - not sure why people still pay attention to or trust this number.  They allow counting illegal immigrants as new hires but don't allow counting them on the reduction side or in the unemployed and/or laid off numbers. To say it's rigged is kind of an understatement. Silly. 

SPX - messy chart but

Posted by DigiNomad on 2nd of May 2024 at 05:38 pm

SPX - messy chart but if we take out this range the move measures up to about 5200, roughly coincides with a touch of the broken channel and would be relatively close to the 78.6 fib (still slightly below it). Of course, this would blow out most peoples favored EW counts going into today, but that happens (especially when lots of money being printed).  If we don't go any higher, it's an H&S pattern. In a normal world I would think this is more likely....but we're in an election year and the Treasury just told us they are increasing debt issuance by 40 on a 200 base and printing more money for a massive buyback - it's not a normal world.

*Broken channel in the middle is the flash crash from Israel / Iran that most won't see on their charts unless using OANDA. 

It's one of the easiest

AAPL after hrs

Posted by DigiNomad on 2nd of May 2024 at 05:16 pm

It's one of the easiest fundamental shorts on the board....but it has been for years now. I have made money short on it, but it's always tough with a cult stock like this.  But there aren't a lot of more obvious shorts, so I have done it anyway at times (like tomorrow if this pop holds).

Maybe get Siri to work first if you want to say you're going big in AI??

Ha! Karen Finerman agrees with me that the buyback makes no sense and is not accretive in a 5% world. 

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