Boiler Room: The Official Stock Market Discussion

chineebai

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Like everyone else I'm trying to find the bottom and I think the dow at around 21500 will be it. So we have quite a bit more downward action to go. Imo, this payroll tax cut might see a small pop in the market but if a 50 point cut by the fed wont do shyt I highly doubt the payroll tax will do shyt.

Again, on the sidelines. I do intraday scalps on the spy, in and out in a minute. But the implied volatility makes options more expensive and risky.
 
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I would be a seller on the tax cut announcement. Doubt the Dems give Trump an easy win on this to bail him out in an election year. They have cover with the previous tax cut blowing up the budget and being aimed at corporates.
 

the cac mamba

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the democrats arent gonna pass the payroll tax cut :dead: why would they?

theyll make it into a point about how he already had the chance yo do this but he just cut taxes on the rich instead
 

chineebai

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Prediction tomorrow, up in the morning with a big selloff end of day. 21500 on the dow is what on looking for in order for a huge bounce. 21500 is where support is. If below that then 18000 is where its headed. Could bounce earlier as theres support around 24000.

Right now Asia is green. Nice flag on the hourly. I'm still 100% cash so not making a move with the exception of short trades.
 

winb83

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8.31% div yield on XOM.:picard:

but not as much as CCL's 9.2% div yield. :russ:


these giants are panicking like a biatch. :wow:
XOM has a payout ratio that's too high. If things don't change soon that dividend could get cut.
 

winb83

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If anybody has SoFi they're giving away free stock bits to existing customers in the app. Play the crane game on the main page. I got free $25 but it can be from $5-$1000.

If anybody wants to join link in the sig fund $1000 and get a free $50 which is a instant 5% return.
 
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