Stock Market thread

tothepoint

Woodpecker
Lots of stocks I'd like to buy but the market is already taking a dump anticipating tomorrow's speech. Lots of rejections at price levels that would signal bullish moves. If this nonsense continues with Powell having a speech every month the market will stay flat or reach new lows.
 

Deepdiver

Crow
Gold Member
Now that the Beijing Biden Regime in control of all the reigns of power I see multiple opportunities for profit with Alibaba and their 40 Million Thieves. (Ironic).
 

Deepdiver

Crow
Gold Member
Strategic Intelligence Portfolio Buy Reccs March 2021:
In the briefing, SI discussed the economic and financial market implications of massive government spending. SI expects strong deflationary forces in the short run and even stronger inflationary pressure in the long run.

BUY:

Kirkland Lake Gold (KL) is a buy up to $53 per share.

Newmont Corp. (NEM) is a buy up to $74 per share.

Alamos Gold (NYSE: AGI) is a buy up to $12 per share.

Fortuna Silver Mines (NYSE: FSM) is a buy up to $8.50 per share.

Kinross Gold (NYSE: KGC) is a buy up to $9 per share.

Newcrest Mining (OTC: NCMGY) is a buy up to $24 per share.

Sandstorm Gold (NYSE: SAND) is a buy up to $7.40 per share.

Meanwhile, our portfolio covers two other ways to own physical gold and silver: the Sprott Physical Gold Trust (NYSE: PHYS) and the Sprott Physical Silver Trust (NYSE: PSLV). These funds hold physical gold-silver on deposit at the Canadian Mint. Unlike most other “paper” gold and silver ideas, the two Sprott plays offer you a claim on actual metal, should you own a sufficient size block of shares. These are not “paper gold” plays.

Other than defensive (Crazy Lefty MMT Spending) gold and silver plays:

Philips (NYSE: PHG) is a buy up to $63 per share.

Evergy Inc. (NYSE: EVRG) is a buy up to $57 per share.

Dropbox Inc. (NASDAQ: DBX) is a buy up to $23 per share. (Work from Home Play)

SELL:

Sell your position in Rocket Companies (NYSE: RKT)...
In the Sept. 25, 2020 issue, SI recommended Rocket Companies(NYSE: RKT), a recent IPO which owns several valuable brands, including Rocket Mortgage, Rocket Homes, Rocket Loans, and Rocket Auto. RKT is a play on the trends of government support for housing, work from home, and booming suburbs. We took an 88% gain on this position in a March 2 flash alert, when the stock soared on demand from the Reddit message board crowd. Rocket is an excellent company, but its shares had risen to $39, which is a price that anticipates very hard-to-beat expectations for future earnings. We’ll keep an eye on the stock. But if you haven’t already sold, please sell now.
 

Deepdiver

Crow
Gold Member
New ESM21 June S&P Futures Contract projected 5 Wave Top with Heavy Resistance at 4,060
Wave 1 times 2.618 = 4,060 Wave 3 Target soon. 20 Day ATR = 61 pts per day gives us an idea how many days to fractal wave targets - there will be heavy institutional selling pressure shorts from 4,000 to 4,060 - Remember Harry Dent is close on his latest S&P Top range of 4,000 to 4,050 before a major correction.

1615942268514.png
 

C-Note

Ostrich
Gold Member
In the Fed thread it was mentioned a suggested play was to invest in the top gold mining company(s) for each country and/or region. Recently I found this master list of mining companies. You can sort it by different precious or base metals. It's a little outdated, but it helped point me to some mining stocks with potential that I gave closer looks to. Be aware that after you look at this site three times, it will lockdown and ask you to pay for a subscription.

 

Deepdiver

Crow
Gold Member
If anyone wants future access to my private TA and fractal wave analysis Charts regarding XMR, BTC, any other Cryptos, or any other tradable assets - Stocks, FX Currency, Indicies, Commodities, Gold, Silver, Platinum, REITS, ETFs, and Cryptos with or without major Buzz factor... Anyone on my protonmail private secure email list will be able to request periodic Fundamental and TA analysis for optimal trade entries and exits that I will share for review, comment, and other constructive suggestions with the TA trading team. Exciting Projects announcements soon.

Shoot me a PM with a private secure protonmail account.
 

Maria Bartiromo, Fox News., regarding the White House’s plan to raise capital gains tax from 20% to 39.6% in 2022. Bartiromo asks: “If you knew that you were going to be charged twenty or twenty-dive percent by selling your stock in 2021 or almost 40% in 2022, when would you want to sell your portfolio? The answer is obvious. If everybody tries to beat the 2022 deadline, that’s a massive stock market sell off before the ink is even dry.” This is an intentional crisis. Fox News March 15, 2021


Thoughts?
 

C-Note

Ostrich
Gold Member

Maria Bartiromo, Fox News., regarding the White House’s plan to raise capital gains tax from 20% to 39.6% in 2022. Bartiromo asks: “If you knew that you were going to be charged twenty or twenty-dive percent by selling your stock in 2021 or almost 40% in 2022, when would you want to sell your portfolio? The answer is obvious. If everybody tries to beat the 2022 deadline, that’s a massive stock market sell off before the ink is even dry.” This is an intentional crisis. Fox News March 15, 2021


Thoughts?
I'm going to cash out at least one of my large stock mutual funds this year, maybe in the next month or two. This is one of the reasons. Forty percent tax rate on investments? Ridiculous.
 
I'm going to cash out at least one of my large stock mutual funds this year, maybe in the next month or two. This is one of the reasons. Forty percent tax rate on investments? Ridiculous.
At this point what can we do? I hope the capital gains tax doesn't encompass crypto. I think the only silver lining is less people will want to get into the stock market. 2022 is looking more like the mother of all meltdowns.
 

Maria Bartiromo, Fox News., regarding the White House’s plan to raise capital gains tax from 20% to 39.6% in 2022. Bartiromo asks: “If you knew that you were going to be charged twenty or twenty-dive percent by selling your stock in 2021 or almost 40% in 2022, when would you want to sell your portfolio? The answer is obvious. If everybody tries to beat the 2022 deadline, that’s a massive stock market sell off before the ink is even dry.” This is an intentional crisis. Fox News March 15, 2021


Thoughts?

Retail won the China virus crash, this should be a good opportunity for massive hedge funds and whatnot to gobble up smaller companies to make up for it -- maybe crush a few million 401k's for good measure. Good for precious metals as well, I bet.
 

C-Note

Ostrich
Gold Member
It appears that the Democrats may qualify the capital gains tax hike, making it 40% for people who earn more than $1M a year. For the hoi polloi like me, the hike would be to 25-28%. That's still not very pleasant. If the Republicans take the House and Senate in 2022, they can block any further tax hikes by the Democrats, but they probably won't be able to pass another tax reduction until a Republican is back in the White House.

The Democratic Party is trying to use these two years when they control the federal government to implement as much of the globalist "reset" as they can, including making as many people as possible dependent on government for their sustenance.
 

Deepdiver

Crow
Gold Member
S&P Futures Update: Long major Wave 3 running low on energy for the Top Trend Channel Target running into resistance at the Green Midpoint RMS (Root Mean Square) trend line and now on the 25% deviation trend line lower - waiting for it to break through to the lower baseline trend channel Wave 4 Target and a run up to the Wave 5 institutional target of 4060 before a major ABC Fibonacci .618 retrace (Fib Graph on the Left) from the projected 4060 Wave 5 Swing High.

Wave 5 High a good time to lock in long term ETF and 401K and self directed IRA (Tax Deferred) profits before the major All Markets Biden-Harris-Obama Tax and Burn correction.

1616528766107.png
 

tothepoint

Woodpecker

Maria Bartiromo, Fox News., regarding the White House’s plan to raise capital gains tax from 20% to 39.6% in 2022. Bartiromo asks: “If you knew that you were going to be charged twenty or twenty-dive percent by selling your stock in 2021 or almost 40% in 2022, when would you want to sell your portfolio? The answer is obvious. If everybody tries to beat the 2022 deadline, that’s a massive stock market sell off before the ink is even dry.” This is an intentional crisis. Fox News March 15, 2021


Thoughts?

Didn't know that capital gains tax is 20% in the US. It's the same as in most European socialist hellholes. Wasn't the US supposed to be the land of the free ?

There will be a selloff initially but many will come back at lower prices. It will not last long, there just aren't many investment alternatives out there. 40% capital gains tax is still better than inflation. Besides, Wall Street is in bed with the politicians, it won't be so easy to raise taxes.

There's been talks about delisting Chinese stocks, curious to see how that goes.

Meanwhile SQ made another bounce from 200 to 240 and back down again. Was on my radar but this time I didn't jump in. Waiting for April to decide what to do, there's just too much volatility lately. No more Fed speeches in the near future will already be an improvement.

CRSR holding for now in the low 30s. Looks very attractive at this price but with no news on the horizon it could stagnate for a while. Q1 earnings should be a catalyst.
 
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Meraki

Sparrow
It’s been very, very hard to pallet this volatility. It’s affecting everything, even stocks on good news. Hoping to turn paper gains into real winners and be entirely out of the market and into hard assets soon.
 

Meraki

Sparrow
Doubly disheartening, in that many of my picks have been fundamentally sound, I keep buying dips, but it just keeps dipping. At this point I’m going to need to sit on the sidelines and wait. I keep making a few hundred every couple days trading, but the SPY is such a crime.

Americans have lost faith in everything and our leaders are utter losers with no message, no charisma, and no ability to motivate.

Its a literal war for scraps and gimme dats for the lower classes, and a war of financial attrition for anyone making under 6 figures.

Brutal.
 

Eusebius Erasmus

Woodpecker
Doubly disheartening, in that many of my picks have been fundamentally sound, I keep buying dips, but it just keeps dipping. At this point I’m going to need to sit on the sidelines and wait. I keep making a few hundred every couple days trading, but the SPY is such a crime.

Americans have lost faith in everything and our leaders are utter losers with no message, no charisma, and no ability to motivate.

Its a literal war for scraps and gimme dats for the lower classes, and a war of financial attrition for anyone making under 6 figures.

Brutal.

A big part of the problem is that price signals don't work properly when the Fed spends money like a drunken sailor at a brothel.

Supply and demand generate price only if prices are relatively stable. When inflation comes around, nobody knows what's going on.
 
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