Watching my grocery plays Kroger crushed earnings last week Albertsons holding at highs Ingles also holding highs
FAANG stocks mixed lately Apple looks great Google holding up Amazon weak Netflix looks to be breaking down Facebook looks weak
1) Could be good contra play in a down economy. The sin stocks. Premise is not as strong as it could be. 2) Look at the chart, we want to see it test lows more and base a bit, but a strong prospect for a H1 long investment depending on timing of economic cycles/events.
Looking at some beaten down stocks/sectors for a trade to bounce back next year or gonna get some love at the beginning of January, currently looking at ARKK and XBI as possible plays
bump for weekend discussions. gonna be keeping a close eye on the Qs in the coming week(s). i had noted earlier in the week that it had broken down below its 20 and 50 SMAs, but was coming into trend line and horizontal support. seems that has maybe broken down too. could be thunder in the distance me thinks. a bit ominous to say the least imho. while i don't think it'll just crash down from here. but, i am honestly looking for some downside potential now in the Qs and in the overall equities market in general. another thing too is that failure to break to a new high in the Qs which to me could be hella bearish imo. i'm almost even willing to go out on a limb and say that maybe the Qs has topped for this bull cycle, but i may stop short of doing that for now as i know calling market tops/bottoms is such a fool's errands (or at least has proven to be for so long now!). i think this 2022 is going to be a rather interesting year with lots of nice swings in both directions. and not just straight up with very shallow pullbacks like last year was. just my own personal 2c there haha. for me, i felt like 2021 was a rather mundane year for the market, if we're just strictly speaking of the price action in the majors only. btw, first time i actually got a chance to contribute to this thread in sooooo long. 'bout time eh lol. thx again to @Stoch and everyone else for keeping it going every weekend!
possibly looking for a failure of the Qs to break back above that horizontal resist. ultimately still targeting the daily 200sma as next potential stop.
just a super quick follow up to this post from a few weeks back. i wasn't entirely sure just how convincing that trend line support break would actually become. fast forward a few weeks later, and wow! it sure did break in such convincing fashion there. before: after: too bad i didn't have the balls and a super sky high conviction to stay in my spuz short trades this past week. would have possibly been my all-time greatest short trades in a very long time, if not ever lol. all good. onto the next eh! i think STFR (short the fuckin' rips) will probably still work, until the FED actually starts to reverse course a bit, which for now does not seem to be the case yet at least. so still thinking a bit more lower levels ahead. but, maybe not in such a straight line as this move has been so far. yikes! lol.
Looking at consumer staples as defensive plays Haven't heard of Mondelez International but know their brands (Cadbury, Oreo, Halls; Trident and Tang) Shippers at ATH
Commodities up 32% for the year Wheat and Palladium going exponential And the latest russia bull fund results