Mkucstars Posted April 27, 2021 Report Share Posted April 27, 2021 I'd guess he's around 50, first daughter in first year of college. Mine is graduating vet school next month, one proud daddy ☺ Link to comment Share on other sites More sharing options...
Mkucstars Posted April 27, 2021 Report Share Posted April 27, 2021 Shorting small caps here, caught the downdraft on the q's this morning and got out with a nice quick gain. Link to comment Share on other sites More sharing options...
Mkucstars Posted April 27, 2021 Report Share Posted April 27, 2021 And out, that was nice! Link to comment Share on other sites More sharing options...
Mkucstars Posted April 27, 2021 Report Share Posted April 27, 2021 Shorting again, Russell 2k needs a rest, I figure it finishes in the red today Link to comment Share on other sites More sharing options...
DrStool Posted April 27, 2021 Author Report Share Posted April 27, 2021 While this market is trying to put me to sleep, I am writing a Fed BS report (BS= Balance Sheet) and patiently building a fartpolio of stanks for the long hole. Link to comment Share on other sites More sharing options...
Mkucstars Posted April 27, 2021 Report Share Posted April 27, 2021 Hmmm... no place like all time highs to build a portfolio? Link to comment Share on other sites More sharing options...
DrStool Posted April 27, 2021 Author Report Share Posted April 27, 2021 My holding period is 3 days to 3 weeks. 😄 I'm 70 years old. There is no long haul. But yes. The setup remains bullish, sorry to say. Link to comment Share on other sites More sharing options...
DrStool Posted April 27, 2021 Author Report Share Posted April 27, 2021 I just do the math. It is what it is. I don't argue with it. Link to comment Share on other sites More sharing options...
DrStool Posted April 27, 2021 Author Report Share Posted April 27, 2021 I don't argue with the Fed, and I don't argue with intermediate term trend indicators. https://liquiditytrader.com/index.php/2021/04/25/stock-market-gets-knocked-down-but-still-packs-punch/ And those 58 buy signals from the screens are nothing to argue with either. Although they have been whippy lately. Link to comment Share on other sites More sharing options...
PullMyFinger Posted April 27, 2021 Report Share Posted April 27, 2021 Which setup will it be--the old double bottom and rocket up, or the old higher low reversal at the 5/8 line and rocket up? Smashing through this morning's low seems like a lot to ask lately. Link to comment Share on other sites More sharing options...
Mkucstars Posted April 27, 2021 Report Share Posted April 27, 2021 I I don't doubt you either, I do appreciate your insights into the fed and the macro side of things. Much respect for what you do! Link to comment Share on other sites More sharing options...
DrStool Posted April 27, 2021 Author Report Share Posted April 27, 2021 34 minutes ago, Mkucstars said: I I don't doubt you either, I do appreciate your insights into the fed and the macro side of things. Much respect for what you do! Thanks! 😊 Just writing that the Fed and Treasury are absolutely burying the market in cash right now. It's hideous. They had to do it or the Treasury market would have completely collapsed. Link to comment Share on other sites More sharing options...
DrStool Posted April 27, 2021 Author Report Share Posted April 27, 2021 But now it's over liquified and the shit that's going on speculatively will eventually come home to roost. Link to comment Share on other sites More sharing options...
DrStool Posted April 27, 2021 Author Report Share Posted April 27, 2021 Nobody wants to be bearish more than I do. First of all, it's my natural proclivity. Secondly, it's right. Third, the only time my subscriber base grows materially is during bear phases. I've been through some loooooooong droughts. Link to comment Share on other sites More sharing options...
Mkucstars Posted April 27, 2021 Report Share Posted April 27, 2021 I just saw some weakness today, more profit taking than anything, made me a quick $1000 Link to comment Share on other sites More sharing options...
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