DerekD_

$DIA - One mans trash is another mans treasure.

Short
DerekD_ Updated   
AMEX:DIA   SPDR Dow Jones Industrial Average ETF
You know, unfortunately, components of the DOW haven't been as gracious of performers as $SPY or $QQQ has been. Last time I posted on $DIA - I thought it was on clearance. Not that I was wrong, but it was more like the chore of cutting coupons before getting any type of deal. Just recently, with $BA, I had the chart & play in mind back from September before the breakout. An 8% move from there was on point enough to not complain, but the weakness behind it stood out enough not to get greedy. Same with $HD right after it hit ATH's. The persistent buyers will argue about earnings - when in reality, I think DJI movers are the ones that'll see their margins get hit. There's a fucking Christ load of tech movers that aren't even profitable? Not that their margins will get hit, but some people have no idea or sense to realize that the company's interest expense is growing at a faster rate than their net income (if they have any) - but analysts don't hesitate to upgrade a tech mover ($CRM, $NFLX, $SQ, for example). If rates are what everyone's worried about - some people are still so complacently bullish that they wana "buy the banks!" Yet, they haven't come to the realization financials like $C, $GS, $WFC, are underperforming emerging markets + China's $GXC ETF. The next rush to Gold ($RGLD, $ABX, $NEM) could be coming soon. & I don't wana sound like a perma bear either - but there's a lot of answers I had to find that even the real perms-bears don't / can't answer. The market is in more of the same debt crisis we've been in since 2013 (except w/ rates actually increasing) than a "bubble" like 2008 or 2001. Moral of the story - shopping in the clearance section doesn't mean you're actually getting a deal.

But that $BA chart -
Trade closed: target reached:
Most definitely NOT, a fucking knife to catch

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