What a day.
Today's stock market action (with respect to the tech sector) was certainly not how I expected the day to progress.
At the market open it seemed that cash was making its way, at least just a little bit, back in to the tech sector however as the day progressed a strong reversal took place. (This goes back to my premise of why it is so important to watch your trades closely, be ready/have them hedged, and think about closing them if they go against you).
For now I am still holding calls on Facebook, and Apple as posted on my website TradersChoice.net click here: https://www.traderschoice.net/money-page--stock-picks.html however, I did open hedges on these positions. I outline how to hedge your positions in this brief, click here: http://www.lulu.com/shop/gregory-mannarino/options-trading-a-simple-effective-way-to-hedge-your-trades-includes-a-new-technical-trading-system/ebook/product-23108108.html
Personally I am going to be watching my current trades and the tech sector very closely, as I did not like the intraday reversal in tech.
It is certainly possible that I dead wrong about a rotation back into tech in the short run however, I will continue to watch for a reversal.
Gregory Mannarino
We need a world without $$$ where people are good to each other.
Greg any news on gold and silver they seem to be getting a good spanking
I am getting set to do a video blog on that now. Will be out soon. Thanks.
Sound, cheers for your reply
Yes. It would be great to hear from Greg what he thinks of the current price moment of gold and silver. Today is just another bad day for me.
I think he's about to do a video soon
I'm up to date, on Gregory's blogs. Starting to catch up on old blogs. Wish I could read faster. Free education!
Wish you good luck!
It is difficult to predict a manipulated market, even for a master such as yourself!
Can turn on a dime. Need nerves of steel sometimes, it is not easy. Many times traders get caught on the wrong side.
Not only that, look at this spike in the Q's. Anyone that sees this and STILL thinks the entire markett is not computer controlled would be better off not even trading the markets at all. :-)
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Fund&symb=qqq&x=60&y=12&time=2&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
Jamie Dimon and Llloyd Blankfein "probly" visit my blog just to see what I am saying...so they had the guy handling teh compooterized QQQ trading account do that spike just to try and screw me up. Not a chance, Jamie. Your going to jumpf too when I'm finished with you, Lloyd. :-0
Joe you are 1000000000000000000000000000% Correct.
Funny, spekkin of the HUI. Can anyone tell me how an index like that can stay "logged in" at the current 181.65 area like it has been for an hour now?
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=hui&x=62&y=11&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
No way...no how. "Manipulation?" Looks more like somebody is worried about getting their ass kicked. The guy handling the HUI trading machine is on the brink of getting fired...Donald Trumpf style. Go ahead Mr HUI trading wizard...make the exact wrong move. He'll amke the wrong move either way, Greg. that clown is just plain skeeerd shitless! :-)
Btw, I already have the words Trumpf dumpf and jumpf copyrighted...in honor of our great President. You can "borrow" those words. I won't take bitcoin, STEEM, or ANY of that shit when you come and ask me for permission to use them though. Better cash in crypto for dollahs becuz when Jamie Dimo actually does jumpf as a result of the GRRREAT Trumpf dumpf...one bitcoin will buy you lunch..and that's about it.
Still, is it "manipulation" or just a normal course of things? My opinion is that there is no manipulation...just compooterized trading idiots making mistakes via their compooters. As I said earlier, you need to look not only at what you intend to trade...but other indicators that are giving clues that "maybe" what you are seeing in your trade vehicle of choice is off in your assumptions. Here, I just put this up...this is a good example. I want to add to my GDX long...butt! Look at what else I take into consideration first.
https://steemit.com/gdx/@joejustjoe/physical-gold-is-for-suckas-buy-paper-gold-here-s-why
Thanx for the report... the market is fickle! JMO
Thank you
Thanks for the update, i like that you tell us both sides and the ups and downs. Thanks Greg, your lions appreciate you!
Greg, I am betting that this is just a blip and that you are correct with your tech positions. We will see! @marketreport
And don't forget the bond sellout. It is frightening... Bonds and stocks are selling off, while the dollar got strength... Somebody is flying out of the U.S. right now and it's a big player.
Its for sure interesting. ;)
i understand that sometimes the market goes a different direction. Thanks for having our backs. We love you man.
thank you
Even the Tesla Model 3 announcement had zero effect
I got Tessie on a diet. I just updated at my blog. I'm gonna make her sexy. Right now at 352 lbs...any man who thinks they can handle her are simply wrestling out of their weight class. I had to tie her up and feed her carrots for 19 days since I put her on a diet when she was up there at 385 lbs. details at my blog of course. Tessie will eat that ham sandwich you have in your left hand right now if you aren't careful. I just set her loose. 30 lbs of weight loss in 3 weeks is pretty good for the ave person. Just keep you hands away from here mouth until I put her back on the "lose 80 lbs in 30 days" diet. Don't say I didn't warn you. I see you have strawberry pop tarts there for dessert. I'd lock my fukkin door if I was you. Tessie will kill for those! :O
FB -1.69%, AMZN -1.48%, AAPL -0.36%, MSFT -1.10%, GOOGL -1.10%. They all closed down today. It looks like the Nasdaq 100 index is forming a head and shoulders pattern on the daily chart. As you said, I did not like the way tech stocks reversed today.
Yes. Looks like a H/S pattern in the make.
I think MSFT is also shaping a H/S pattern. GOOGL is already breaking down below the neckline. Looks like Nasdaq is in trouble.
Yes, bad.
great info as always.. thanks greg
greg enjoy your work man
DO YOU KNOW WHY METALS GOT KILLED TODAY!????
Doing a video on that right now.
Yes, kind of weird today.
Wish you goodluck buddy.
I can see future in you :)
you should stop playing stocks Greg ;)
Maybe you are right! Not for the faint of heart. Need lots of Pepto Bismol.
If a person only had a crystal ball to see into the future. However your track record speaks for itself!!! Do you have a crystal ball? Lol
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we've been in a horizontal range since the start of June, it seems like they're trying to keep it levitated and stable...
Where does tech go from here
We watch it.
Surprised? Does this mean the human population bubble is gonna pop? Are we gonna be road warriors soon?
Yes it does.... I already have my cool road warrior vehicle all rigged out...
Gonna grow ethanol? Bio fuel?
I do not understand the question. Sorry.
Population bubble! You talked about it on a Greg Hunter show. When will it burst? Will you be Hughmungus or Max after the collapse.
I do believe that central banks have created a very dangerous situation with regard to a population bubble. Have you seen this? Click here: https://steemit.com/cryptocurrency/@marketreport/global-debt-and-the-human-bubble-by-gregory-mannarino
I just read it and upvoted
I hope, sincerely, that it never happens.
You'll be ready if you owned this.
Btw, Greg, spekkin about the Greg Hunter show is there ANY chance you can give a shout out about my Tessie diet? If you have been following my blog on TSLA you know I've been working wonders for her in her attempt to lose weight. So far she lost 15 lbs off each ankle...but hey...I'm just getting started. I'm not looking for an outright endorsement. Just let Greg know I'm tacklin Tessie's weight woes if he happens to mention Elon..OK? :-)
Roger that.