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  • Quick Chat #283 [View instapost]
    Hard: Crude has been consolidating and range bound in the $44 to $47 area for the past six weeks. All while some midstream MLPs have dropped some 20 to 30%.

    That doesn't add up. Midstreams have nothing to do with China, the dollar, VW, Petrobras/Brazil, Syria...or how many Tootsie rolls were sold in Armenia this past week.

    Two Fridays ago was capitulation with the midstreams.

    When I amalgamated the six midstream MLPs in the Sept 30 comment I made above, I took serious note, and loaded up seriously on 4 of those MLPs, I have been waiting for months to get back in midstream MLPs, actually since Oct. 2014.

    Don't for sure know that this was a bottom. But the yields on the four MLPs I bought I haven't seen for many years.

    For instance, I recall when I bought my home back in 2011, I sold SXL because it was yielding under 4%. Even after the near recent 20% gain, SXL is still yielding 5.4%. I bought in when SXL was north of 6%.

    Same goes for EPD, BPL, and PAA. All have lower P/E ratios than they did way back in 2011. And all have much higher yields than they did back then.

    All are a steal still, but this "sale" is almost over, as many have rallied over 20% this past week.

    The last two trading sessions have been the best two trading sessions my brokerage account has enjoyed in 2015.

    Time to put in some tight stops!
    Oct 3, 2015. 08:17 AM | 3 Likes Like |Link to Comment
  • Quick Chat #283 [View instapost]
    Can't comprehend why the CNBC chatter heads haven't mentioned the surge in midstream MLPs once today.

    Some have gone up over 20% since Friday's close.
    Oct 2, 2015. 04:07 PM | 2 Likes Like |Link to Comment
  • Quick Chat #283 [View instapost]
    I don't know Mark. I saw the turn and cut my ownership of SPXS by 40%.

    Dipped a toe into LLY.

    Maybe it's because the market was down so much last month that there a buys, especially in the health and energy sectors.

    At least that's my premise for changing my mind about waiting until the middle of this month to begin buying MLPs and a little health with Eli Lily.
    Oct 2, 2015. 12:59 PM | 3 Likes Like |Link to Comment
  • Quick Chat #283 [View instapost]
    Must be doing something right. Brokerage account up 1.14% today on this down day.
    Oct 2, 2015. 10:42 AM | 4 Likes Like |Link to Comment
  • Quick Chat #283 [View instapost]
    Yep, SHB, MMP is on my list. But the yield is better in those mentioned above.
    Oct 2, 2015. 10:23 AM | 1 Like Like |Link to Comment
  • Quick Chat #283 [View instapost]
    More than likely I will initiate positions n KMI and ETP tomorrow.
    Oct 1, 2015. 06:13 PM | 3 Likes Like |Link to Comment
  • Quick Chat #283 [View instapost]
    Another potential black swan?

    How Russian President Vladimir Putin Will Bankrupt His Country


    Went shopping today. I do think midstream MLPS have bottomed.

    Started positions in BPL, EPD, PAA and SXL.
    Oct 1, 2015. 04:10 PM | 2 Likes Like |Link to Comment
  • Quick Chat #283 [View instapost]
    Just got a SA PM spam from Bret Jensen (who I do like).
    Oct 1, 2015. 07:35 AM | 3 Likes Like |Link to Comment
  • Quick Chat #283 [View instapost]
    All those should be compiled into an ETF, guns.
    Oct 1, 2015. 07:09 AM | 3 Likes Like |Link to Comment
  • Quick Chat #283 [View instapost]
    OG: Happened while the market was open, and the market didn't blink.
    Sep 30, 2015. 05:20 PM | 3 Likes Like |Link to Comment
  • Quick Chat #283 [View instapost]
    Midstream pipeline stocks up huge today:

    EPD up 12.35%
    ETP up 9.81%
    PAA up 12.32%
    BPL up 7.62%
    SXL up 11.94%
    KMI up 5.34%

    Have these all bottomed? Many have double the daily volume.
    Sep 30, 2015. 03:42 PM | 3 Likes Like |Link to Comment
  • Quick Chat #283 [View instapost]
    Bot a starter position of NRZ at 13.18. Stock started to take off a few minutes ago.
    Sep 30, 2015. 03:35 PM | 3 Likes Like |Link to Comment
  • Quick Chat #283 [View instapost]
    Consolidation, absolutely. MACD turned up. Currently sitting exactly to the penny on a pivot point of $73.58.
    Sep 30, 2015. 02:46 PM | 2 Likes Like |Link to Comment
  • Quick Chat #283 [View instapost]
    Right now, not pretty.

    Down is 96. Up is 72. MACD has rolled over. RSI 30.6. MFI OUT!

    Blood in the water with this one. That's why it has my attention, especially since NRZ raised the divvy last week.
    Sep 30, 2015. 02:15 PM | 3 Likes Like |Link to Comment
  • Quick Chat #283 [View instapost]
    Tried to, guns. Didn't translate.

    But you can go to Stock Charts put in the symbols, and then go to indicators and plug in Aroon. There's also an Aroon oscillator.
    Sep 30, 2015. 12:29 PM | 3 Likes Like |Link to Comment