Popular Post Adam Montana Posted April 29, 2020 Popular Post Report Share Posted April 29, 2020 Good afternoon and Happy Wednesday! Day 6jillion7bazillion876,9876,350,876 of the 'Rona lockdown. You would think, based on the initial presentation of the pandemic, that 50% of the world would be dead or at least partially zombified by now. We would think that poor countries with little access to health care and large scale poverty would be almost completely devastated by now, due to lack of masks and life saving governor's orders to stay home. Countries like Iraq should certainly be wiped out and pleading for mercy, perhaps unloading oil tankers into parking lots and using the VLCCs for storing dead bodies. And certainly during Ramadan, nothing would be happening that could be counted as progress. Especially with OIL taking the huge hit that it took recently! That is not the case. See, for example, here. And here. And here. And here. And here. And here. And... need I go on? Iraq is not only "fine", they are more than fine! They have weathered a monster hit to the price of oil without lowering their rate. They are surviving an unbelievable shakeup of their government, and tomorrow (Thursday) to May 8 look to be key dates for finalizing some more of that critical work. Don't get me wrong - I'm not saying Coronavirus was a "hoax". On the contrary, it has been devastating for some... and the economic damage may never be fully calculated. But the world did not end. We will move past all of this. And the Iraqi Dinar is still a very real item that holds a massive amount of potential. That's my message for today! I hope you are all well, safe, happy, and as healthy as possible. We have a great thread going right now in the VIP section (here) and one post in particular seemed like it needed to be included in the Weekly Update. If you're in VIP and you didn't comment in that thread, go check it out! 6 hours ago, Tico said: How will the the Iranians benefit from an Iraqi re-evaluation of their currency? Does the Iranians have stock piles of Iraq currency? And because of the Iranians having tons of Iraqi dinar will this prevent Iraq from re evaluating their currency? Iran is a major factor in the current price of the Iraqi Dinar, I don't think anyone will disagree with that. I'm certain they do have a large amount of Iraqi Dinar, just like many other nations (including the US). And when this is actually "done", it may be that Iran and Iraq are at major odds, even flat out war, as a result of it all when we reach the next stage. The Middle East will always be at war. That's not something that keeps me up at night. To answer your final question - and probably the most important one in the post - I don't believe that Iran's possession of Iraqi Dinar will prevent Iraq from raising the value. It may impact the "how", but not the "if". Fine questions, sir. (As a result of that thread, I also posted a special VIP Q&A thread here. I'll be attending to that one on an ongoing basis for an unknown period of time. Join in!) That's it for this afternoon's Weekly Update! 4 16 1 6 Quote Link to comment Share on other sites More sharing options...
NevadaSam Posted April 29, 2020 Report Share Posted April 29, 2020 Good read Adam, thanks for the updates and news that you share each week, as for the zombies, there may be some out there 7 1 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted April 29, 2020 Report Share Posted April 29, 2020 11 1 Quote Link to comment Share on other sites More sharing options...
fixxxer Posted April 29, 2020 Report Share Posted April 29, 2020 Thanks Adam! 1 Quote Link to comment Share on other sites More sharing options...
olivesman Posted April 29, 2020 Report Share Posted April 29, 2020 WHOOP! DID YOU JUST MENTION A DATE?!?! I'm just HOPING that finalizing work on the gubberment isn't the only thing they do! THANKS for the uplifting update! 3 1 5 Quote Link to comment Share on other sites More sharing options...
ddl Posted April 29, 2020 Report Share Posted April 29, 2020 Thanks Adam. Ramadan or any time soon is fine with me for the RV! 1 4 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted April 29, 2020 Report Share Posted April 29, 2020 Sounds good Adam. We continue to move forward. 1 4 Quote Link to comment Share on other sites More sharing options...
nannab Posted April 29, 2020 Report Share Posted April 29, 2020 Thank you Adam. Onward and upward !! 1 1 Quote Link to comment Share on other sites More sharing options...
wealthhound Posted April 29, 2020 Report Share Posted April 29, 2020 (edited) Thanks Adam! Keep the train chuggin' along!!.. . It's got to stop at some point! Believingly... SOON. One thing for sure, we'll all have SUPER POWER PATIENCE.. 😉 Edited April 29, 2020 by wealthhound Spelling 1 1 2 Quote Link to comment Share on other sites More sharing options...
psdon Posted April 29, 2020 Report Share Posted April 29, 2020 Thank you 2 2 Quote Link to comment Share on other sites More sharing options...
RodandStaff Posted April 30, 2020 Report Share Posted April 30, 2020 (edited) Zombies....we don’t need a virus to create zombies....they are already here! 😳 Sandfly Adam for keepin’ it real, and “dang” positive!!! 🤗 Come On RV Baby!!!! 😉 Edited April 30, 2020 by RodandStaff 3 1 6 1 Quote Link to comment Share on other sites More sharing options...
rw.sutton Posted April 30, 2020 Report Share Posted April 30, 2020 12 2 Quote Link to comment Share on other sites More sharing options...
Wiljor Posted April 30, 2020 Report Share Posted April 30, 2020 Thanks for the update Adam, much appreciated..... We patiently wait 2 1 Quote Link to comment Share on other sites More sharing options...
FROSTYJACK Posted April 30, 2020 Report Share Posted April 30, 2020 Thanks for stopping by Daddy. 1 1 Quote Link to comment Share on other sites More sharing options...
cjdavid Posted April 30, 2020 Report Share Posted April 30, 2020 This has been a Media Driven "Crisis"!We still wait. 3 7 Quote Link to comment Share on other sites More sharing options...
Ziggy Posted May 2, 2020 Report Share Posted May 2, 2020 On 4/29/2020 at 5:27 PM, RodandStaff said: Zombies....we don’t need a virus to create zombies....they are already here! 😳 Sandfly Adam for keepin’ it real, and “dang” positive!!! 🤗 Come On RV Baby!!!! 😉 RodandStaff that’s the truth!!!! It’s absolutely ridiculous! 4 Quote Link to comment Share on other sites More sharing options...
PuffsPlus Posted May 3, 2020 Report Share Posted May 3, 2020 interesting, i dont stop by much these days Quote Link to comment Share on other sites More sharing options...
Pitcher Posted May 3, 2020 Report Share Posted May 3, 2020 I haven’t posted anything on the stock market In a few weeks because the trend has been range bound. We broke out of the range Wednesday but it just didn’t feel right. Bad earnings on Thurs and Fri along with President Trump’s tweet for more Sanctions on China gave us some downward movement. I’ve had my hands full Swing trading and Day Trading this market the last 3 weeks. I currently have zero Swings and zero Long Investments. It just feels like we might be headed back down to the 2550 area on the S&P, especially if we break the 50 Ema. The Market is very much in a Bear mode and News dependent. Things normally slow way down after Q2 earnings and I can tell by the daily action we are probably 65-75% machine trade. I’m going to Day Trade this market and watch the news and charts for another opportunity to Swing this past Quarter’s earnings winners. ( Yes there were many great earnings winners). Look for the break or bounce up off the 50 Ema on the S&P and listen to the news. Below is is an interesting chart comparing the current market pattern to the Market sell off in 1929. It’s a little unnerving but it is what it is. 1 3 Quote Link to comment Share on other sites More sharing options...
Pitcher Posted May 4, 2020 Report Share Posted May 4, 2020 https://www.cnbc.com/2020/05/03/stocks-are-in-little-danger-of-retesting-the-march-low-art-hogan-says.html Stocks are in little danger of retesting the March low, top strategist Art Hogan says Stephanie Landsman National Securities’ Art Hogan believes the consensus view that stocks must retest the March low is wrong. According to Hogan, there are too many unprecedented factors, including an intentional decision to freeze the economy, to suggest the market will follow a preset course based on historical trends. “That pace at which we got to the correction here is the fastest that we’ve ever seen,” the firm’s chief market strategist told CNBC’s ″Trading Nation” on Friday. “Usually it takes the Fed and certainly Congress a much longer time to adjust to the here and now and to find the corporate polices to support the economy, and they did that in record time.” Hogan’s view may be on the more optimistic side, but he’s not expecting a sharp, sustainable rally. “We’re in a middle ground where we’re a little bit more than 20% off the lows [and] a little bit less than 20% from the highs,” he said. “This is going to be a place we churn through for most of the first half.” Stocks kicked-off May deep in negative territory. But since the March 23 low, the S&P 500 and Dow have surged 23% and 24%, respectively. The rebound doesn’t surprise Hogan. Five days before the S&P 500 and Dow hit their lows, Hogan predicted on “Trading Nation” stocks would bottom before coronavirus cases peak in the United States. Now, he’s seeing some progress on the virus front. “If new cases continue to plateau, then 2021 is certainly going to look a whole lot better than 2020,” he added. “I would argue that the second half looks way better than the first half of this year.” Hogan, who has $15 billion in assets under management, speculates a slow and deliberate reopening of the economy will likely be successful and spark a demand frenzy. “There has been a lot of delayed consumption,” he said. “There is going to be maybe some pent up economic energy that explodes into the fourth quarter and certainly into 2021.” It’s a scenario, according to Hogan, that should put Wall Street and Main Street firmly back into the green. “Corporate America has the ability to get back into place relatively quickly. This is not a great financial crisis,” Hogan said. “Going into this, the U.S. economy was in pretty good darn shape, and so was corporate America’s balance sheets.” 1 3 Quote Link to comment Share on other sites More sharing options...
Pitcher Posted May 4, 2020 Report Share Posted May 4, 2020 Got a real nice trade in Roku today but the Market is still under some pressure. It’s held up so far today and if we don’t get a big selloff this afternoon maybe we go higher tomorrow. I’m in full blown Day Trading mode these days. I’ve tried a number of Swings but they all stalled. I can wait, I do fine DT’ing what I see. I think for the foreseeable future we are going to churn or be range bound while we wait for the CV to subside and the States to open back up. 2550 is my low range on the S&P and 2950 is the top range. Until we get above the 200 EMA I think we stay in that Trading zone. The earnings were bad but not as bad as many thought. If we can just grind through the next 5-9 months without a huge second wave I think we will be ok. With the Fed and our Government backstopping the Economy and the brightest minds in the world working on a vaccine I’m feeling good about things. I dont ever allow myself to get to pessimistic. I’m always looking to get better and always looking for opportunities. They are there and they are there every day for those who think correctly. 4 1 Quote Link to comment Share on other sites More sharing options...
boosterbglee Posted May 4, 2020 Report Share Posted May 4, 2020 Pitcher.....do you see any difference in the market speed of transactions with no traders on the floor? 2 Quote Link to comment Share on other sites More sharing options...
Synopsis Posted May 4, 2020 Report Share Posted May 4, 2020 1 hour ago, Pitcher said: With the Fed and our Government backstopping the Economy and the brightest minds in the world working on a vaccine I’m feeling good about things. Thank You, Pitcher, for the stock market and investment activity updates! I suspect the call for a COVID-19 or related mutation vaccination will rapidly decline as time goes on and the relatively mild severity of COVID-19 compared to other seasonal conditions, such as flu and pneumonia, is published. Medical professionals are coming forward and noting the significant inconsistencies between what is actually being experienced and reported where COVID-19 impacts have been greatly inflated. The COVID-19 hype is a tool to generate a desired response - such as a generally unnecessary vaccination. Companies can profit, or even started up, from the artificial demand for vaccinations and other treatment faculties. What is needed, of course, is for folks to return to work to prevent even more of an economic hit with associated burdens on mental health, domestic violence, child abuse, and suicide. The ancillary impacts of COVID-19 have been more severe than COVID-19 itself. 2 2 Quote Link to comment Share on other sites More sharing options...
Pitcher Posted May 4, 2020 Report Share Posted May 4, 2020 41 minutes ago, boosterbglee said: Pitcher.....do you see any difference in the market speed of transactions with no traders on the floor? None whatsoever. My trading style hasn’t been affected at all. When I enter it’s almost simultaneous and when I exit it’s mere seconds. 3 1 Quote Link to comment Share on other sites More sharing options...
Pitcher Posted May 4, 2020 Report Share Posted May 4, 2020 In my post above I forgot to mention another key indicator. When I was watching stocks go straight up from Nov-Jan I noticed the 30 year was going lower. That’s when I began to suspect a blow off top run. When we got below 1.00 I knew we were in trouble. Currently we are in the low .60’s. If you see this rising consistently that will give you a decent idea the Recession, Bear Market is easing. I’m not so sure that’s going to happen any time soon because the Fed has already signaled it plans on leaving rates very low for some time. Ouch. Folks we are in a Bear Market and real bad damage has been done to our Economy. This is not going to be solved for months. Minimum of 6-9 months imo, before we start a real recovery and that’s if the CV has run it’s course or a Vaccine has been developed. Another thing to consider is a Democrat win of the WH, a Senate take over and a retaining of the House by the Dems. If that happens and they start Raising taxes and regulations on Businesses the Recovery may never happen. Just my opinion. 1 3 4 Quote Link to comment Share on other sites More sharing options...
Pitcher Posted May 5, 2020 Report Share Posted May 5, 2020 The big boys played a dirty trick on traders today. They popped us up pretty good pre market and then took us sideways or in the case of oil, they shorted em down. I just Trade what I see andI shorted FANG, Diamondback Energy for a nice trade. It’s been absolutely the toughest Market to Trade since 08-09. One must tread lightly . I’m not going to lie, I have scaled way back and pick my battles with extreme caution. If you are a new trader this is NOT the time to be giving it a whirl. Many times the best trade is NO trade. Best to wait for better weather. The only thing holding this market up is the Fed and our Government. They are trying to keep our heads above water. I just read that our deficit as a % of GDP is forecasted to be 17.9% . In 2019 we were 4.6. Government, Corporate, and Household Debt is forecasted to raise dramatically in 2020. In other words a Debt Bomb. We’ll see, Forecasts can and are many times WRONG. THE Doom and Gloomers are out in force today peddling their Fear. We have had a nice 2 day rally and we have a good support at the 50 Fib mark at 2800ish. If we roll over and breach that number we’ll probably take out the EMA 20 and head to the next line of support around 2730 and then 2650-60. If we break 2450 then I’ll get real concerned. Until we start breaking support levels all I see is a churn or trading range while the Market waits for news. It’s not so bad. It’s just tougher for guys like me who are trading it Daily. If you are looking to enter for a long term investment my advice is still to wait. I did some Swing or short term trading on the last big bounce but I haven’t gone Long for the 3-5 year trade yet. Too much uncertainty for me. Watch the news and watch for the 50 ema to cross up the 200 ema. That will be the beginning dinner bell and time to filter in for those Long term trades. Yes, I did say filter in!!!!! 3 Quote Link to comment Share on other sites More sharing options...
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