/smg/ - Stock Market General

Tell that to the entirety of the Middle East

kek
to be fair though, theres a lot more going on with that whole situation than just politics.

Now with this one I set up 5, 15, and 45 daily moving averages. Trying to set up a 3 week duration bull put spread. Just trying to find the strike point right now. Probably should also look at the 90 and 75 moving averages as well, but from what I see selling the $12.50 strike looks like easy money in shorter terms like 1 week.

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... something.

oh I fucked up I'm on 4-hour candles.

Memes. Like the best of /smg/ memes. Can paste bins do that?

if you want to have a place to post things that wont get slid in a few hours, as well as a place to back up pdfs and videos, i got a surprise for you.

i made a shitty little dead board for us here at /smg/ to do just that

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So there's like no reason not to place a 1-month credit spread where you sell a Put with the $12 price and buy an $11.50 one to cover. I think you could even go 3 months out with it because of how bullish I am on oil just based off of seasonal trends, and how much the economy is actually thriving and oils going up before it comes down, 4th of july is like what 85 days away, that's usually not even the peak of the height.

WTF HAPPEND TO BACKPAGE!

FBIOX was up today. Even though I'm free to buy stocks in my IRA now, I still have about $17000 in it. Biotechnology had a big downturn in 2015 I holded through because I didn't know anything, but it keeps going steadily up. Hard to turn down the lung cancer medicine you need.

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I dunno. Usually when I dunno everything all goes to hell. So get excited!

i dont see why oil couldnt go for a run like it did last time. i remember some user on here saying that there was some global agreement to not allow oil above 85$ a barrell anymore, but that sounds retarded and doesnt make any sense

if mideast tensions stay this high for a little, USO could easily go up to 16 in no time. thats the first MAJOR resistance i see

also wats backpage?

reuters.com/article/us-usa-stocks/wall-street-falls-on-syria-concerns-interest-rate-worries-idUSKBN1HI1OG
>Investors said they are looking to earnings season to provide a sustained boost to U.S. stocks. Banks JPMorgan Chase & Co (JPM.N), Citigroup Inc (C.N) and Wells Fargo & Co (WFC.N) will report quarterly results on Friday.
>Analysts expect quarterly profits for S&P 500 companies to rise 18.5 percent from a year ago, which would be the biggest gain in seven years, according to Thomson Reuters I/B/E/S.

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>using any other chan

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It got taken down by the feds. Were you looking for a little company, tonight? :^)

i think this setting of the banks earnings really high is going to be the catalyst. the entire financial sector showed EXTREME weakness just a couple weeks ago when they hit their lowest in years. im betting (conveniently to kick off earnings season) these banks miss ER by a good margin, and that will drive us off the cliff that we need to get over.

but the analysts are all "expecting banks earnings to rise the highest in 7 fucking years". why? why the fuck would they make any more money? it doesnt make sense, and i think it would kickstart a real bad selloff if it happened. seems irresponsible on their part (or perhaps malicious?) to do what theyre doing

why not? dead boards are super useful for storing things on a longer basis. and slower places make for less raids, and a backup if Jow Forums gets fucked up. being user its impossible to regroup, and it wouldnt be the first time i lost a group of buddies to some bullshit causing a site to get nuked.

plus you can embed pdfs, webms with sound and other things there. its useful in ways we cant utilize here

I like small cap companies. You have any ones with good catalysts?

oooohhhh THAT backpage

i never understood how a site for literal postitutes advertisements was legal anyways

Banks aren't in a better spot at the moment. Rising interest rate markets are just going to be extremely difficult for banks who restructure old debt, and end up getting squeezed on the front end debt. It's why we have see so much volatility in the bonds markets. What we will see is looking forward statements from these banks showing they're not going to drown, but the wild card is the damn corporate tax cuts. That increases profits, bottom line, but it will be interested to see what the net and gross of the whole thing is.

exactly. i fear that the tax cuts wont offset it enough (and they certainly wont be in time for this quarter) for banks to hit ER. if thats the kickstart to our long awaited earnings season, things could look grim in the near term

If banks are losing money you're going to see fear like you wouldn't believe. I would still buy dips on major industrials, but we're looking at 2% inflation and the bond markets are barely covering that.

i know im trying to plan now for what would happen in that event. i keep running across shit like pic related and its got me spooked. the huge bank selloff the other week got me thinking, and when i checked eurobanks like DB etc i noticed how fucking terrible they were as well. i see weakness in financials overall.

trying to figure out a backup plan in the event of a really big panic

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with out doxing my self BAC is probably in trouble, they're selling property.

oh that's pointing at the VIX calls my bad. Some niggas just love to gamble and want to rule the world when it burns.

word. will it show up this ER?

i just noticed it as unlike the classic fiddycent guy, this guy bought on an extraordinarily small timeframe. and VIX of 50 is just fucking ridiculous

You have to look back and see how these banks needed to be bailed out, but instead of addressing the actual problem, it was like placing a band aide on a dam about to burst, and nothing really changed, the situation just manifested its self into a bigger situation.

They're closing offices, which could just mean it's bad for my local economy. Maybe the taxes on the beautiful building was too damn high, or some other bank came in and said we want it... I have no clue they have 2 branches in my town, and one is going tellerless and the one that looks like something from Rome or Greece was sold. Tells me they're laying off people, they're cutting expenses to try and raise capital.

>Not one post about ARGS
Sad!

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>banks die while I'm holding TVIX

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What is BAC trading at? Oh shit! Just sell them.

Sorry, I've been in rehab and haven't been high on cocaine or drinking or looking at charts for a while. I was dreaming about the damn markets in there.

TVIX truly is the corporation of the future. their management will lead us to lunar lands full of lambos

kek why bother going to rehab if youre just gonna do blow anyways? or did ya get court ordered or some bullshit?

would it be fomo to pick some up? (still a noob)

Brehs. Looking to build a lmao2k portfolio, mostly ETF based for general sector exposure with a few choice stocks. Trying to make most of it your general """balanced""" portfolio with the rest on extra exposure to biotech and oil. Thoughts or suggestions?

>down on friday, up on monday

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See this chart. I think we should sell it.

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1000 point upswing tomorrow, cap it

we're long oil and short banks, what do you have to stake on this?

I think it’s adorable how they overlaid the message and crests over a screenshot of the backpage homepage.

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yeah thats that i dip i was talking about. some big banks are gonna miss ER and kickstart some bad shit. whens BACs earnings?

i hope. thatll give BAC even more downside potential

Guys, I have an options question:
If I buy a contract at .21 cents and it goes up to .23 cents, no matter what have I made a profit right? Or is there some invisible premium that I've been paying to have these options and I'll fuck myself if I sell?
Also, how quickly does a short lose its value over time? Does it become almost worthless at the end of the cycle?

you have to find a buyer for your contract son

Can I get a quick rundown on DB? All of this talk about banks has me researching. They really are weaker than they seem.

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DB is a zombie, shoulda shorted it in 2008

II had 1500 shares of DB i sold in October to put into my business and my own property. My corporate taxes are done.

I hope you don't get hurt, I just continuously hurt my self through drinking and short DB!

I need to talk to my friend Sven. He works for DB. It is far too late, I have to catch him in afternoons and nights to catch his information.

What is going to happen to CNSL tomorrow(ex div date)? Is this a good long term/medium term hold?

They have inner turmoil within their directors and one has just been asked to leave. They are going to cut costs and I think they are shutting down their American investment bank division.

stay long, don't sell you'll see red but you're getting a good dividend.

the price of the stock will drop, just hold and don't sell with weak hands, and let them build you another dividend. b

Thanks, for the advice. Should I buy the div-dip?

Why aren't you niggas selling cash secured puts or covered calls in a flat market? Easiest money ever.

>Why aren't you niggas selling cash secured puts or covered calls in a flat market? Easiest money ever.
Waiting for my next paycheck (get it on Friday) so I have enough cash to do that.

Good job. If I'm going to hold some bags, i want to get paid for it at least.

That's pretty much how we do here?!? are you new or something?

Tell me everything you know about your bags?

Word I've started doing credit spreads on stuff with high IV been alright so far.
Been milking Pandora though today I almost got bit by BBBY.

I'm looking at opening a Roth IRA, should I go Fidelity or Vanguard?

I want to focus dividend yielding ETF, REIT's with some stocks too. I'll have about $1,500 to kickstart this thing and contributing about $350/month to keep it going. I'm 31 now (yes I'm coming in a little late) so dividends might help a little. Any suggestions on names to check out?

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I got cucked by Bobby Zucc!

Vanguard's changing retirement ETF for different age groups looks pretty cool. But I'm not that financially literate so idk.

I have my 401 in vffvx. Its doing poorly

Google graph looks like it's just tracking the market desu. Were you expecting more stability or aggressiveness?

Do you guys care if I hang out here? I won't namefag. I just need a general to lurk in. I want to be a millionaire by 40 but I'm uneducated and everything but I read all day and still trying.

I don't own stocks but 500 dollars in a Roth ira

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You'll have to play with bigger money, bud. I lurk here a lot too but I don't namefag. I might at some point if I really become a regular and start comparing my portfolio, but namefagging is gay. Investopedia has all the information you need too, by the way. College-level education.

The other plans that sandwich it are performing better and I am miffed

I guess I should read investopedia..I'm literally autistic I can't drive swim or tie a knot but I work 80 hours a week between two jobs since I'm trying to become successful..at least have a decent retirement or something...

Don't namefag it's gay senpai

If I'm 19 and going to get a job soon, think I should start putting spare change into it? Does Acorns Later look any good?
You should have a decent amount of fun money then. I'd say start investing a spare hundred or two hundred dollars a month in safe investments like SPY and VOO to get a feel for it. Read about brokers, experts, options, straddles and strangles, leverage, etc.

Time is your best ally

youtube.com/watch?v=G9labZsIFGM

lurk in here friend

You're a value investor so don't think about it and continue what you can. Don't try to an hero. You end up in a hotel room with a safe and type 1776 as the code and find a ton of cash and drugs and you just do them, and end up in a hospital and on drugs because you were hit by a car... well you were asking for it after all, but deny the acid and all blood tests and sit through rehab...

Don't do drugs if you want to live folks... I did drugs and forgot why I live.

Sometimes I wished I was never born at all.

youtube.com/watch?v=70pJZ9w3oGk&list=RDrEWpi6vOnuk&index=13

Go long on oil and and it will pay. OSU!!!!!!

oil trusts with high dividends are the flavor of the month.

I missed this shit. Lets long oil and short big banks long regional smaller conglomerates.

Wish I wasn't so propped up on cocaine to actually just do a bunch of TA and give you what you need.
youtube.com/watch?v=HaA3YZ6QdJU

>If I'm 19 and going to get a job soon, think I should start putting spare change into it? Does Acorns Later look any good?
Get a Roth IRA since you are in a lower tax bracket, you put in your money taxed and let it grow tax free for the next couple of decades. Seriously compounding interest is phenomenally powerful tool for your age. Just keep an eye out for fee's and also look into the expense ratios for the ETF's and watch out for mutual fund manager fee's.

I was thinking about OSU as the markets were closing.
Why is climbing so high tensions with russia and the middle east?

DB is notoriously known for lending money to outperforming countries such as Greece, Spain or Italy

DB assets are so good and sound that haters (notoriously Ray Dalio or teh profit) got jelly and shorted it to the ground

Plus, rumors say DB may merge with a French bank to even further their lead and expertise and to rekt those damn short-sellers

Short them what bank will bail them out?

Im 19 and how does this work?

Look lurk harder faggot and maybe you can get respect.

i had acorn for a while and you can get better returns trading shit yourself. Just look at the underlying investments that those robo algos put your money in and try to copy that. cut the middle mane out. those things are meh

I made this spreadsheet for the three that I put money in back in 2017. The date was February 12, 2017, so the Robo algos may have changed some things. Regardless, this should give you a snapshot of how they divide up your money

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We all know here the love of French president Macaron for MILFs. He is basically sucking Merkel's big tities.

I read M&A rumors about Deutsche Bank "allying" with Credit Agricole to "strengthen" the European banking system... which is not a all an attempt to transfer toxic assets to the French cucks.
And meanwhile, Germany will "merge" with what remains of the French industry (Alstom merging with Siemens).

Ray Dalio's hedge fund is shorting the EU financial system and here is the list :
Allianz
Intesa Sanpaolo
Banco Santander
BNP Paribas
ING
AXA
BBVA
UniCredit
Societe Generale
Deutsche Bank (of course)
Generali
Mediobanca
UBI Banca
Fineco Bank
Bper Banca
Azimut Spa
Unipol Gruppo

Get started with ETFs, keep lurking, lose some money, earn some money and learn :
bogleheads.org/wiki/Three-fund_portfolio

Really, there is no other way.

Bank merger probably not happening tho. The only bank Macron could have merging with DB would be LBP (since the state owns it). No private bank would be stupid enough to buy DB given the shitter it is in.

>Alstom merging with Siemens
Shit yhat was long overdue. When I was in eng school, Alstom was already a sinking ship propped up by government funds. They even discouraged us to go work there after graduation. I'm pretty glad this pile of socialist shit dies finally.

If you have half brain and eyes that still work, France is not a free market country.
You will magically see someone recommended by the government to take charge and sell what little wealth still remaining in France.

You know, France used to really have an edge over tehnological stuff (trains, nuclear power, cars etc).
But any success it had was taxed to death before being kept alive by subsidies and finally bought by third world "parvenus" (Mittal pajeet, the chinks scammy businessmen)

There is absolutely no wonder that the biggest market caps in the Cuck40 are luxury brands, which are tantamount to trinket selling companies.