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Participant ○○○

Powell offers positive comments.  Initially, the market responds very well.  Volatility engages.  Market up and down hundreds of points.  Attempting to find direction. Makes for a good drama movie.  

Hold on to your belt and hat.

Gabe

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Contributor ○○

@FatKat wrote:

@youth wrote:

The Market limped in over the finish line running a very disappointing race losing 2 and a half points.  

What a bummer! 

Gabe


Be honest Gabe, you like down market days. It seems to me, you get a rise out of it?


I think that he is very honest about the market move. His focus, I might add rightly so, is the relationship to the fear of pandemic situation to the market.I just checked the plot of the moving averages to the daily count in my state and county. It has become steeper than what was in April. That is really bad situation becoming worse, not better as most people want it. Therefore, the market reaction is somewhat delayed but sure it is going to reflect the pandemic situation soon.

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I said it many times, I have no idea what the market will do. 

What I love about this thread is that Gabe does not care about the bullies that tried to silence him. On the contrary, I think he must be laughing all the way to the keyboard.  

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Explorer ○○○

I don't know what I would do without your constant pulse on the market. What happened to your suspenders?

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Frequent Contributor

@youth wrote:

Powell offers positive comments.  Initially, the market responds very well.  Volatility engages.  Market up and down hundreds of points.  Attempting to find direction. Makes for a good drama movie.  

Hold on to your belt and hat.

Gabe


Stock market is up 1.3% at 11am because of an investment trifecta - partial cure for covid, retail sales up 19% in May and rumors of $1T infrastructure program before Election Day.

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Contributor ○○○

(Suspenders) Lost forever during the predicted chaotic crash last week (thought it was the end).:)

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Frequent Contributor

OH BOY - another hats, belts and  suspenders thread. Get up GO horsey.

Capital
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Participant ○○○

Most of the posters complain the threads by Youth but yet find the time to post on it.

Nice. ;)

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Contributor ○○

You don't need listen to Youth. But, you have to listen to the guy (Fed Chief) who knows something about the current situation and his prediction about the future.

Fed chief: Full recovery from recession 'unlikely' until corona virus contained.

Another point in today's retail sales uptick. When it went down by 60%, it has to go back up 250%, not just 17.7% to reach the same level. That is the math. So, do not believe in the Wall street's gimmick about today's numbers. We have a long way to go.

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Participant ○○○

My post is not to persuade but to enlighten . So......read if you please.

Gabe

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Participant ○

@ECEPROF wrote:

You don't need listen to Youth. But, you have to listen to the guy (Fed Chief) who knows something about the current situation and his prediction about the future.

Fed chief: Full recovery from recession 'unlikely' until corona virus contained.

Another point in today's retail sales uptick. When it went down by 60%, it has to go back up 250%, not just 17.7% to reach the same level. That is the math. So, do not believe in the Wall street's gimmick about today's numbers. We have a long way to go.


"Market" <> "Economy"

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Participant ○○○

Since the last major drop recently......this market has slowly climbed.  When it reaches the magic line of resistance, it will tumble once more.  So the trick its to determine with accuracy where that line of resistance is and then decide whether the market will fall once again or continue on to new heights.  

Gabe

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Frequent Contributor

@youth wrote:

Since the last major drop recently......this market has slowly climbed.  When it reaches the magic line of resistance, it will tumble once more. [sic]  So the trick is to determine with accuracy where that line of resistance is and then decide whether the market will fall once again or continue on to new heights.  

Gabe


https://youtu.be/u2c9-LDP0t0

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.
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Participant ○○○

FAANG AND MSFT did exceptionally well today.  

Gabe

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Contributor ○○○

Oh no, futures dropped like a rock. 

Time for another enlightening thread, Gabe?

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Participant ○○○

Futures are back up!  Volatility commands. Hold onto the bannister.  

Gabe

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@youth wrote:

Futures are back up!  Volatility commands. Hold onto the bannister.  

Gabe


The banister??? - OH NO -one more thing I have to hold on to!! Can someone please lend me a hand. Just don't touch my suspenders. They are tight enough as it is - I can bearly (sic) breathe.

Capital
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Contributor ○

Next level of resistance S&P 3215-3233. Full steam ahead! Hold on to your bowties! 

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Frequent Contributor

@youth wrote:

Since the last major drop recently......this market has slowly climbed.  When it reaches the magic line of resistance, it will tumble once more.  So the trick its to determine with accuracy where that line of resistance is and then decide whether the market will fall once again or continue on to new heights.  

Gabe


This place is totally amazing. Years and years and years ago you had to pay a financial advisor lots of good money to tell you this stuff. Hear (sic) you can see it for free!!!

Capital
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Frequent Contributor

@Capital wrote:

@youth wrote:

Since the last major drop recently......this market has slowly climbed.  When it reaches the magic line of resistance, it will tumble once more.  So the trick its to determine with accuracy where that line of resistance is and then decide whether the market will fall once again or continue on to new heights.  

Gabe


This place is totally amazing. Years and years and years ago you had to pay a financial advisor lots of good money to tell you this stuff. Hear (sic) you can see it for free!!!


Magic here for cheap!

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Frequent Contributor

@youth wrote:

Since the last major drop recently......this market has slowly climbed.  When it reaches the magic line of resistance, it will tumble once more.  So the trick its to determine with accuracy where that line of resistance is and then decide whether the market will fall once again or continue on to new heights.  

Gabe


The sky has cleared. I used to think that the markets are unpredictable, but then I saw Gabe's brilliant insight. All I need to decide is whether the market will go up or down. We're in the presence of a genius.

N.

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Participant ○

@youth wrote:

Since the last major drop recently......this market has slowly climbed.  When it reaches the magic line of resistance, it will tumble once more.  So the trick its to determine with accuracy where that line of resistance is and then decide whether the market will fall once again or continue on to new heights.  

Gabe


This is heavy, man...

Do you have a GoFundMe page (for new suspenders), this is advise is worth something...  

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