Comments on: Stock Market Analysis & Trading Plan 5-11-23

By: HermonMunster

HermonMunster — Thu, 11 May 2023 21:06:08 +0000

In reply to seasix. Stay away from any stock or commodity called, "The widow maker." Not sure why it's even mentioned here. Yes you can make some quick money but you can also loose lots slowly.

By: KevinK

KevinK — Thu, 11 May 2023 19:39:21 +0000

In reply to KevinK.

UPDATE: as of Thursday afternoon….

The CME’s FED watch tool now has 97% chance the FED pauses in June.

By: KevinK

KevinK — Thu, 11 May 2023 19:15:08 +0000

PPI came in in line with estimates today
CPI came in a little lower yesterday
Jobless claims highest level since Oct 2021
FED has got to like everything it’s hearing.
71% say FED will pause interest rate hikes in June
Market’s got to love all that.

By: seasix

seasix — Thu, 11 May 2023 19:03:33 +0000

You want feedback? The UNG trade has been horrific. even the last one what a week ago is down big.

By: KevinK

KevinK — Thu, 11 May 2023 18:44:43 +0000

Today’s market reminds me of the 60’s and 70’s with the nifty fifty.
Today we have the nifty 10 or so stocks that rule the market.
A lot of those stocks from back then ( Polaroid, GE, JC Penney, Eastman Kodak, IT&T, Schlitz Brewing, Sears and Roebuck) have shrunk in importance or are gone.
In ’73-’74 the market did eventually crash. Some of the causes were the collapse of the Bretton Woods system, the devaluation of the dollar, and the oil crisis.
Today we have stock overvaluation, inflation, rising interest rates, and banks collapsing, but the market seems to be shrugging it off.
I don’t know what it’s going to take, but something has to happen to tip this market.

By: KevinK

KevinK — Thu, 11 May 2023 17:57:12 +0000

Excellent video Randy.
Have a great vacation.
As in your past vacations, hope you make more money in the market while you’re gone than what the vacation cost you.