hope you stay safe :/
that fuckin sucks. Fuckin mind boggling how every state in the U.S. hasn't locked down at this point.
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Stock Market Watch |OT| I've stocked up on market watches, what now?
- Thread starter Mr.Awesome
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that fuckin sucks. Fuckin mind boggling how every state in the U.S. hasn't locked down at this point.
I don't like the odds of two good days in a row so I liquidated half of what I wanted to sell. I'll sell the other half if we do get another rally day tomorrow.
It was sub 400 last week.
Dow is fucking garbage
S&P500 up 9.38%, This reaction is only going to encourage more Market Manipulation from the White House.
It seems Wall Street has a history of getting high on its own farts.
Yeah, at the time I was waiting to see how much further down it would go but it climbed up above which is example #5 trillion of why timing is a bitch. Now I'll be scooping it up if it ever drops below $400.
Yeah it was at $350 for a couple of hours last week.
I was maybe going to buy if it was to $300 oh well. There are lots of stocks are massive discounts etc., that I'll buy instead.
It's Tesla It will be there again. That stock is fucking bitcoin. Until it gets added to an index it's for trading. I bought and held it for amazing gains, but I visited -25 and -30% quite a few times before seeing it +300% then back to 350 and now at 500. Sometimes I swear that TSLA is priced off of the VIX or something.
What the fuck is up with the markets today. The market really does have its heads stuck up their collective asses if they think society is going back to normal anytime soon. I mean, absolutely nothing has changed. Society is still shut down globally, the shutdowns are tightening and becomining stronger in multiple jurisdictions. People are being laid off at rates and levels unheard of. A vaccine is multiple months away, and potential drugs are still a month a way at minimum. In the USA the government still can't even agree to pass its aid packages.
I get its all irrational and not suppoed to make sense, but fucking really?
I get its all irrational and not suppoed to make sense, but fucking really?
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I was watching a talk a while ago, and there's a really interesting correlation between volatility and Tesla, hahaha.
They've been trying market manipulation every day for the last two weeks. This is only the second time they've been successful.
Trump saying "EVERYTHING BACK TO NORMAL BY EASTER", "MALARIA DRUG CURES COVID-19" & Stimulus Package for all doesn't help the case. I agree nothing changed, but remember these violent rallies are being sold, at least what I've seen the last 3 weeks
There were talks of a 2 Trillion dollar bill being passed today. The stocks were always going to climb. The real question is what happens when no bill is passed.
I don't see any reason why the dow should stop dropping until the US reach the peak of the crisis. The unemployment numbers and quarter results in the upcoming weeks will wake up some people.
I'm guessing not tomorrow, but hard to say. Big drops definitely coming though.
I need someone to describe to me how this expected 6 Trillion dollar total package is going to keep us afloat
I'm using it. I use IQ Edge. I only had a problem today. I know yesterday and I think last week people had a problem but I had zero issues. Maybe cause I login at 6am (mountain time) and just leave it on the whole day I had no issue. There was a data feed problem I think Friday where the feed wasn't updating but you could still make limit trades.
For today, I decided to take a breather and exercise for 1 hour while it was down. It worked out well as for some reason my options increased quite a bit (IV must have went up from the lows of today) with the stocks not moving for a hour then I sold. I sold pretty much most of my swing trades
I think I will put some limit orders to sell at certain prices just in case it goes down.
fuckers just want free bailouts despite blowing billions on stock buy backs the last few years
disgusting
They probably want to everyone think China or Russia will lend them money so US will step in and bail them out without any oversight.
Seems like a good way to lose military contracts and tank the value further.
they do, but giving a stake to the government seems more expensive than their other options.
they want the government to provide a cheaper bailout than they could currently get on the open market. That's what's happening here.
More importantly that it needs to be forcibly separated and distanced from any concept of what the economy is, as with many of these systems and stocks. They just aren't fit for purpose.
Sweet Tea is life. It's one of the best things about living in the swamp. If I have the time I like to make mint sun-tea during the Summer
Biggest rallies of all time happen in Bear markets. You can only go down consistently for so long before you get a snap back day or days. Doesn't mean the downtrend is over though. On a technical level the sp500 still needs to reclaim quite a bit from here to break said downtrend. Today was a start but falling out of the bull market range from the past eleven years hurts and the bottom of this range could be resistance now. Around 2620-2640 on the sp500. There are a couple other levels as over head resistance between today and 2640 on sp500 so it isn't like the market is going straight to 2640. It could but on the 80/20 rule scale this scenario would be the 20 percent camp.
The Dow is fun to discuss as a talking point since it's numbers are so big but typically people use the sp500 as analysis on the market.
The Dow is fun to discuss as a talking point since it's numbers are so big but typically people use the sp500 as analysis on the market.
Great reads, thank you for this. That Bloomberg article in particular is amazing.
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I took some profit today, holding good cash. Please tell me this isn't going to be a V shape this soon. It doesn't make sense, literally no good news has come out so far. India locked down 1 billion people. Global economy is going to take a massive hit.
I'm hoping for a good jump tomorrow on my Apple Shares to 270ish then I'm bailing out and not touching anything till later in the year when things hit rock bottom. Surely the stimulus will only give a temp boost before the shit hits the fan in a month or so?
I doubt it. more like a U or W recovery if there is a recovery.
The good news is that Trump is going to throw grandma into the burning market as sacrifice.
I sold and took my losses. Rolling a little further out and a little higher strike. I really do think that unlimited QE combined with regular Trump BS will keep the market from fully bottoming out. It'll still drop, but it won't be nearly as catastrophic as I was expecting. $200 probably isn't in play.
I think investors are going to keep inflating the balloon as long as they have the cash to do so, well beyond the point of reason.
Market analysts were saying that the market was overvalued way back in 2017.
Yup.
No way this is sustained..businesses are halted. People are getting laid off in mass. Earnings will be announced soon and its gonna be huge losses. Like what world are these people living in?
Market is desperate right now, it'll rally and pump on anything. MM are well aware that it's probably temporary.
Well market is not an accurate representation of current reality. It's a big mood indicator and swings around as the mood changes.
I could easily see market recovery starting based on pure faith alone. But does the market have faith in Trump & co? I personally think no.
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