Author Topic: October 5, DJIA Futures Down  (Read 567 times)

Offline JohnyMac

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October 5, DJIA Futures Down
« on: October 05, 2022, 07:30:49 AM »
Took a gander at the DJIA just now and it is down 200 points already.

Okay profits were taken last week. Monday and Tuesday folks bought up some undervalued stocks that got caught up in the correction. I guess that bargain basement sale is over.

Some fun things to watch this and next week,

> Mideast & Russian oil future production meeting. Estimated to be cut 1M to 2M barrels a day
> September CPI coming out on Oct 13th
> Petrol and diesel climbing again.
> Spot crude inching up again by .5 to a point a day
> The administration is still pulling crude from the strategic oil supply

Should be an interesting seven days. Stay tuned  :popcorn:




 

« Last Edit: October 05, 2022, 07:32:21 AM by JohnyMac »
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Offline Sir John Honeybucket

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Re: October 5, DJIA Futures Down
« Reply #1 on: October 05, 2022, 08:07:23 AM »
Yes - On the brink of a two front world war, Joe's handlers have him draining the National Strategic Petrolium Reserve(aka: our wartime fuel reserve) , shipping our weapons reserve out of the country and giving away our nation's money* to freeloaders.

- Sir John Honeybucket

* We don't REALLY have actual, constitutional money, but that's a different issue.
« Last Edit: October 05, 2022, 08:14:51 AM by Sir John Honeybucket »
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Offline JohnyMac

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Re: October 5, DJIA Futures Down
« Reply #2 on: October 05, 2022, 08:13:13 AM »
VOTE!

I fear that so many folks will not vote these bums out. I pray often, that the good Lord helps us to turn around this Ba'al leaning country. I hope he wants us to do it via the ballot vs. the barrel of a rifle.
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Offline Sir John Honeybucket

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Re: October 5, DJIA Futures Down
« Reply #3 on: October 05, 2022, 08:18:13 AM »
Pray for national repentance.  We don 't really have a constitutional problem as much as we have a national sin problem.

As a preacher I knew would ask LOUDLY:  "SO SHEEPLE, do you feel BLESSED YET?"  -  Think abour WHY NOT ?!?!.

-SJH
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Offline Nemo

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Re: October 5, DJIA Futures Down
« Reply #4 on: October 05, 2022, 09:21:47 AM »
Oil headed up. A rather large amount I suspect.

Nemo

yesterday numbers

https://oil-price.net/

Quote
October, Wednesday 5 2022 - 08:18:01
WTI Crude Oil
$86.52    ▲2.89         3.34%
2022.10.04 end-of-day
         
Brent Crude Oil
$91.80    ▲2.94         3.20%
2022.10.04 end-of-day
         

Numbers so far today.  Only part of the chart, its much longer.

https://oilprice.com/oil-price-charts/

Quote
WTI Crude    87.22   +0.70   +0.81%   (11 Minutes Delay)
Brent Crude    92.67   +0.87   +0.95%   (11 Minutes Delay)
Murban Crude    94.53   +1.08   +1.16%   (16 Minutes Delay)
Natural Gas    6.965   +0.128   +1.87%   (11 Minutes Delay)
Gasoline            2.657   -0.026   -0.98%   (11 Minutes Delay)
« Last Edit: October 05, 2022, 09:24:58 AM by Nemo »
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Offline Nemo

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Re: October 5, DJIA Futures Down
« Reply #5 on: October 05, 2022, 09:28:32 AM »
Fox News just announced a cut of production by OPEC+ (which included Russia) of 2 million barrels per day.

Thats 84 million gallons of crude oil with would work out to about 40-50 million gallons of gasoline.

Hang on to your hat, its gonna be a ride. 

My estimate on DJIA, down about 6-800 points today.

Nemo
« Last Edit: October 05, 2022, 12:23:50 PM by Nemo »
If you need a second magazine, its time to call in air support.

God created Man, Col. Sam Colt made him equal, John Moses Browning turned equality to perfection, Gaston Glock turned perfection into plastic fantastic junk.

Offline Nemo

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Re: October 5, DJIA Futures Down
« Reply #6 on: October 05, 2022, 12:26:00 PM »
 Watching the Dow Jones market so far I will reduce that to about the 300 range.

But the oil markets are rising.

Nemo

https://oilprice.com/oil-price-charts/

   
Quote
WTI Crude    87.34   +1.34   +1.55%   (16 Minutes Delay)
   Brent Crude    93.26   +1.46   +1.59%   (16 Minutes Delay)
   Murban Crude    95.26   +1.81   +1.94%   (21 Minutes Delay)
   Natural Gas    6.917   +0.080   +1.17%   (16 Minutes Delay)
   Gasoline            2.678   -0.005   -0.2%   (16 Minutes Delay)
   Heating Oil    3.686   +0.150   +4.23%   (16 Minutes Delay)
If you need a second magazine, its time to call in air support.

God created Man, Col. Sam Colt made him equal, John Moses Browning turned equality to perfection, Gaston Glock turned perfection into plastic fantastic junk.

Offline Nemo

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Re: October 5, DJIA Futures Down
« Reply #7 on: October 05, 2022, 07:13:47 PM »
Surprised the hail outta me.  Glad I don't bet on it much.

Nemo


https://www.marketwatch.com/investing/index/djia

Quote
Dow Jones Industrial Average
30,273.87
-42.45 -0.14%
Last Updated: Oct 5, 2022 5:03 p.m. EDT
« Last Edit: October 05, 2022, 07:15:31 PM by Nemo »
If you need a second magazine, its time to call in air support.

God created Man, Col. Sam Colt made him equal, John Moses Browning turned equality to perfection, Gaston Glock turned perfection into plastic fantastic junk.

Offline Felix

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Re: October 5, DJIA Futures Down
« Reply #8 on: October 05, 2022, 07:45:56 PM »
Minding the minutia of meltdown is (at this point) meaningless.
Prepare for full collapse.    (don't waste energy and time on the "details")
'"Let's Roll" were the last words from flight,  flight 93.

At this point, our "Fed" and their "economy" are dealing with box knives and beverage carts.
We are auguring in.

Offline JohnyMac

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Re: October 5, DJIA Futures Down
« Reply #9 on: October 05, 2022, 07:46:32 PM »
Yeah I know. A friend in the bizz said the Fed came in at the end and buoyed the market with some late purchases.

The mkt is being manipulated. Oh shocker!  :facepalm:
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Offline Nemo

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Re: October 5, DJIA Futures Down
« Reply #10 on: October 06, 2022, 12:16:53 PM »
So far today.

Nemo

https://www.marketwatch.com/investing/index/djia


Quote
Dow Jones Industrial Average
Open
Last Updated: Oct 6, 2022 at 12:15 p.m. EDT
30,030.78
-243.09 -0.80%
If you need a second magazine, its time to call in air support.

God created Man, Col. Sam Colt made him equal, John Moses Browning turned equality to perfection, Gaston Glock turned perfection into plastic fantastic junk.

Offline Nemo

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Re: October 5, DJIA Futures Down
« Reply #11 on: October 07, 2022, 09:48:16 AM »
Rather big movement at today's opening.

Nemo


https://money.cnn.com/data/markets/dow

edited for clarity in copy, numbers accurate from source

Quote
DOW JONES INDU AVERAGE NDX
(Dow Jones Global Indexes:INDU)
29,612.06
Real-Time Quote
As of 9:44am ET

Today?s Change -314.88 / -1.05%


Year-to-Date  -18.56%

If you need a second magazine, its time to call in air support.

God created Man, Col. Sam Colt made him equal, John Moses Browning turned equality to perfection, Gaston Glock turned perfection into plastic fantastic junk.

Offline Nemo

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Re: October 5, DJIA Futures Down
« Reply #12 on: October 07, 2022, 09:49:20 AM »
It was down 421 by the time I posted the above from couple minutes formatting it, as of 0951.

Hang on to your hat.

Nemo
« Last Edit: October 07, 2022, 09:52:21 AM by Nemo »
If you need a second magazine, its time to call in air support.

God created Man, Col. Sam Colt made him equal, John Moses Browning turned equality to perfection, Gaston Glock turned perfection into plastic fantastic junk.

Offline Nemo

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Re: October 5, DJIA Futures Down
« Reply #13 on: October 07, 2022, 04:13:06 PM »
And markets closed.

Nemo

https://money.cnn.com/data/markets/dow

Quote
DOW JONES INDU AVERAGE NDX
(Dow Jones Global Indexes:INDU)
29,296.79

As of 4:09pm ET

Today's Change -630.15 / -2.11%


52-Week Range

28,716

Today  36,953

-19.76%  Year-to-Date
If you need a second magazine, its time to call in air support.

God created Man, Col. Sam Colt made him equal, John Moses Browning turned equality to perfection, Gaston Glock turned perfection into plastic fantastic junk.

Offline Nemo

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Re: October 5, DJIA Futures Down
« Reply #14 on: October 10, 2022, 04:06:16 PM »
Today is Columbus Day, a federal holiday so not much happens.

But DJIA is down another 93 points.

Nemo


Quote
Dow Jones Industrial Average
Closed
Last Updated: Oct 10, 2022 at 4:02 p.m. EDT
29,202.94  -93.85 -0.32%
If you need a second magazine, its time to call in air support.

God created Man, Col. Sam Colt made him equal, John Moses Browning turned equality to perfection, Gaston Glock turned perfection into plastic fantastic junk.

Offline Nemo

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Re: October 5, DJIA Futures Down
« Reply #15 on: October 13, 2022, 04:43:06 PM »
Do not take market advice from me.  Or give much credibility to my assessments.

Nemo

https://www.cnbc.com/2022/10/12/stock-futures-are-up-as-investors-await-inflation-data.html


Quote
Updated Thu, Oct 13 20224:30 PM EDT
Dow closes 800 points higher after a historic one-day turnaround
Carmen Reinicke
Alex Harring
If you need a second magazine, its time to call in air support.

God created Man, Col. Sam Colt made him equal, John Moses Browning turned equality to perfection, Gaston Glock turned perfection into plastic fantastic junk.

Offline JohnyMac

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Re: October 5, DJIA Futures Down
« Reply #16 on: October 13, 2022, 06:42:57 PM »
Yupper. I suspect it will go up higher to maybe 34,000-points as the EU moves more and more money to the US market.

The USA is the best horse in the glue factory at the moment.
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Offline Nemo

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Re: October 5, DJIA Futures Down
« Reply #17 on: October 14, 2022, 09:34:17 PM »
But the DJIA was down by 403 today.

Nemo
If you need a second magazine, its time to call in air support.

God created Man, Col. Sam Colt made him equal, John Moses Browning turned equality to perfection, Gaston Glock turned perfection into plastic fantastic junk.