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12/19/2022 Live Update

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JFR
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Re: 12/19/2022 Live Update

Post by JFR »

https://www.marketwatch.com/articles/st ... =home-page
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Not recommending any of these stocks. Just passing along Barron's picks for 2023.

By the way, for this trader, the chart rules. And these stocks do not have it. Only two of them have acceptable P/E ratios (from StockCharts), BAC at 10.16 and TOL at 4.56.
The stock market is coming off its worst year since 2008, but it was finally a good year for value investing—and it was a good year for Barron’s favorite picks, as well.

Every December for the past 13 years, Barron’s has identified 10 promising stocks that could outperform the market. This year’s group had a value bent, a benefit during a year when value outperformed growth by 19 percentage points. Barron’s 10 picks did even better.

The 10 stocks had a negative total return of 1.7% through Dec. 14, as measured from our publication date in December 2021. That’s 10 percentage points better than the S&P 500 index, which was down 12.1%, including dividends, over that span. Six of those 10 stocks are ending 2022 in the black, led by Shell (ticker: SHEL) and IBM (IBM), a surprise winner in the tough technology sector. Amazon.com (AMZN) and General Motors (GM) were the two biggest losers. -- excerpt from the article
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Last edited by JFR on Mon Dec 19, 2022 1:56 pm, edited 2 times in total.
Charts posted are not recommendations. They are just a sharing of information.
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Al_Dente
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Re: 12/19/2022 Live Update

Post by Al_Dente »

Just FYI
options traders are buying calls since Friday and continuing today
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 12/19/2022 Live Update

Post by Al_Dente »

1) call buying amid a positive divergence in NYAD (dashed green line), meaning there is a bit more participation from bulls
2) only partially filled gap (gray).... critical point here at a two-day POSSIBLE double-bottom SPX
3) puts selling confirms call buying
ps: SPX price rules
5 min
Screenshot 2022-12-19 111509.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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BullBear52x
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Re: 12/19/2022 Live Update

Post by BullBear52x »

Intraday it is now a bear flag break down. bulls were trying hard today but not produce any meaningful gain. bears are back heavy now.
My comments are for entertainment/educational purpose only. NOT a trade advice.
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BullBear52x
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Re: 12/19/2022 Live Update

Post by BullBear52x »

Too weak to have a reversal day as of now.
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JFR
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Re: 12/19/2022 Live Update

Post by JFR »

SPY 5 minutes.

Testing the low again.

Screenshot_20221219_104427.jpg
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icman
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Re: 12/19/2022 Live Update

Post by icman »

This is the lousiest Xmas rally I have ever seen.
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Cobra
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Re: 12/19/2022 Live Update

Post by Cobra »

It's the 3rd measured move down.
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Al_Dente
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Re: 12/19/2022 Live Update

Post by Al_Dente »

[quote="Al_Dente"]1) call buying amid a positive divergence in NYAD (dashed green line), meaning there is a bit more participation from bulls
2) only partially filled gap (gray).... critical point here at a two-day POSSIBLE double-bottom SPX
3) puts selling confirms call buying
ps: SPX price rules
5 min
update: BULLS FAILED
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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BullBear52x
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Re: 12/19/2022 Live Update

Post by BullBear52x »

Well, I think this good run if you are bearish. tomorrow is another day. The search for a reversal continue. Peace!
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JFR
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Re: 12/19/2022 Live Update

Post by JFR »

ES 5 minutes.

Down beneath S1. Looking for support at 3834, as that level is tested.

2022-12-19_11-25-39.png
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JFR
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Re: 12/19/2022 Live Update

Post by JFR »

https://www.nytimes.com/2022/12/19/busi ... ition.html

No comment on Sam Bankman-Fried's legal problems.

By the way, this trader does not do crypto. There are better trades to pursue, imo.

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Charts posted are not recommendations. They are just a sharing of information.
Ratbastrd
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Re: 12/19/2022 Live Update

Post by Ratbastrd »

Happy Holidays folks

As previously discussed the JPM collar strike is at $3835, but the put wall is $3800. This is an interesting (low risk) entry zone here. Buying SPXL here.
Ratbastrd
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Re: 12/19/2022 Live Update

Post by Ratbastrd »

I'd add there is a lot of volume at this level on SPY. Someone is buying here.
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Cobra
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Re: 12/19/2022 Live Update

Post by Cobra »


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brokebybernacke2
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Re: 12/19/2022 Live Update

Post by brokebybernacke2 »

Ratbastrd wrote:I'd add there is a lot of volume at this level on SPY. Someone is buying here.
means someone is selling too. very curious as to what eventually gets the vix excited. Amazing ho hum vix for weeks.
Ratbastrd
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Re: 12/19/2022 Live Update

Post by Ratbastrd »

brokebybernacke2 wrote:
Ratbastrd wrote:I'd add there is a lot of volume at this level on SPY. Someone is buying here.
means someone is selling too. very curious as to what eventually gets the vix excited. Amazing ho hum vix for weeks.
Cem Karsen at Kai Volatility has a number of excellent videos and posts (twitter) regarding the low vol environment. Net/net, market makers are and have been exceptionally well hedged for nearly a year now. It has generally kept a floor under the market. Part of my reasoning for getting long here.
brokebybernacke2
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Re: 12/19/2022 Live Update

Post by brokebybernacke2 »

Ratbastrd wrote:
brokebybernacke2 wrote:
Ratbastrd wrote:I'd add there is a lot of volume at this level on SPY. Someone is buying here.
means someone is selling too. very curious as to what eventually gets the vix excited. Amazing ho hum vix for weeks.
Cem Karsen at Kai Volatility has a number of excellent videos and posts (twitter) regarding the low vol environment. Net/net, market makers are and have been exceptionally well hedged for nearly a year now. It has generally kept a floor under the market. Part of my reasoning for getting long here.
Im waiting for Santa too!
brokebybernacke2
Posts: 1955
Joined: Wed Sep 21, 2011 10:10 am

Re: 12/19/2022 Live Update

Post by brokebybernacke2 »

brokebybernacke2 wrote:
Ratbastrd wrote:
brokebybernacke2 wrote:
Ratbastrd wrote:I'd add there is a lot of volume at this level on SPY. Someone is buying here.
means someone is selling too. very curious as to what eventually gets the vix excited. Amazing ho hum vix for weeks.
Cem Karsen at Kai Volatility has a number of excellent videos and posts (twitter) regarding the low vol environment. Net/net, market makers are and have been exceptionally well hedged for nearly a year now. It has generally kept a floor under the market. Part of my reasoning for getting long here.
Im waiting for Santa too!
that being said, well aware that this sucker can fall quick,,,
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Cobra
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Re: 12/19/2022 Live Update

Post by Cobra »


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