Stock Market Discussion -- started 03/06/2018 -- updated daily !!!

[homie1975]

hopefully someone tailed

2 hrs and 40 mins left in the session. GL

[d2bets]

S&P 500 (2610) about 27% off of the Feb all-time highs. Nasdaq about 20% off.

[keely85]

Florida kept their beaches open to travelers for the entire month.

Shouldn't be blamin shit on NYC. They need those rich folks to come live/spend there lol

[homie1975]

S&P 500 (2610) about 27% off of the Feb all-time highs. Nasdaq about 20% off.

signficantly bettter than they were last Monday afternoon at the close. each index has recouped between 10 and 13% or so

[d2bets]

signficantly bettter than they were last Monday afternoon at the close. each index has recouped between 10 and 13% or so

More. Not sure the exact number, but S&P low was just above 2200. That's about an 18% jump off of last Monday's lows. Big question is whether a retest will happen. If so, that sure seems worth avoiding. That would be a 16% fall, whereas a 16% increase brings us over 3000 S&P. 2200 certainly seems more likely than 3000 in April.

[homie1975]

More. Not sure the exact number, but S&P low was just above 2200. That's about an 18% jump off of last Monday's lows. Big question is whether a retest will happen. If so, that sure seems worth avoiding. That would be a 16% fall, whereas a 16% increase brings us over 3000 S&P. 2200 certainly seems more likely than 3000 in April.

yeah i am unsure of the exact amount the three indexes have rebounded as i am only watching my selected stocks and ETFs but it's definitely been a sizable double digit bounce and has something to it but a retest IMO is still over a 50/50 proposition in Q2

[d2bets]

yeah i am unsure of the exact amount the three indexes have rebounded as i am only watching my selected stocks and ETFs but it's definitely been a sizable double digit bounce and has something to it but a retest IMO is still over a 50/50 proposition in Q2

What do you think the odds are for the S&P 500 hitting the 3000 level in Q2?

[stevenash]

signficantly bettter than they were last Monday afternoon at the close. each index has recouped between 10 and 13% or so

S&P is the real inidcator.

[homie1975]

What do you think the odds are for the S&P 500 hitting the 3000 level in Q2?

no idea.

[homie1975]

hopefully someone tailed

you are safe. nice hit.

[Sanity Check]

Market could trend upwards on news of bailout bill passed and signed.

We will see.

BOOM!

Called it.

I knew we'd see at least 1 day of uptrend.

Who knows what happens after that.

[milwaukee mike]

you are safe. nice hit.

yeah i hit on the s&p too

$1280 win on the bookmaker bets but my main account was down $1800 today (thanks a lot retail/casinos!)

[53 defense]

Ya did good wit dat once....

Keep er Movin....

[homie1975]

BOOM!

Called it.

I knew we'd see at least 1 day of uptrend.

Who knows what happens after that.

the uptick yesterday was more likely due to ABBOTT LABS announcing potential 5 minute COVID test and JNJ announcing testing to start on vaccine in Sept.

the market was in Deep Red last Friday even though the House passed the rescue bill and sent it to Trump for signature.

don't hurt yourself patting yourself on the back LOLOL

[homie1975]

[MinnesotaFats]

7 million jobless claims this week, expect another 5+ next round too

[homie1975]

Minny
The market priced it in because it did not flinch.

and let's be fair it was only 6.6MM not 7 !!

[homie1975]

we need check-ins from:

ROYer
Chico
Greaser
Guitar Josher
KVBer

what's going on guys? how are you doing and how are you feeling ??

[MinnesotaFats]

I had to chuckle buyers jumping in on some foreign oil arrangement here. Gonna be 8-16 weeks before ANY us companies have cash flow.

Buyers desperate for good news

[Madison]

Crushing WTI on rumors

Pretty sure I encouraged investment here earlier. I'm crushing it here on rumors. Trim here?

UNH I caught some upside but flattening here. Anyone have ideas as to how covid affects this company?

Best to all.

[MinnesotaFats]

Looks like a lot of company insiders buying shares at the low price. Good move...as long as executive personnel are believing in company you should be ok.

[Madison]

Looks like a lot of company insiders buying shares at the low price. Good move...as long as executive personnel are believing in company you should be ok.

Fats, what are you using for insider buyer/sellers trades? I'm subscribed to "Market Beat" but often data 2 or 3 days tardy. Thx!

[jjgold]

good info Fatty

[Slurry Pumper]

Ok people next week is probably the time to load up on stocks. The market is going to test the 19500 lows. If we can hold this number it then would look like the bottom. If you buy, set up a right stop loss so that if it goes south you can get out and play another day.

[d2bets]

Ok people next week is probably the time to load up on stocks. The market is going to test the 19500 lows. If we can hold this number it then would look like the bottom. If you buy, set up a right stop loss so that if it goes south you can get out and play another day.

19,500? That's a 7.4% plunge from the current level. If you think 19,500, wouldn't you sell first chance?

[homie1975]

Ok people next week is probably the time to load up on stocks. The market is going to test the 19500 lows. If we can hold this number it then would look like the bottom. If you buy, set up a right stop loss so that if it goes south you can get out and play another day.

That seems to be the consensus but the earnings schedule is ultra light and we've got good friday. Other than concerns about weekend headlines of CV cases and deaths, what are you seeing that doesn't appear like we'll trade sideways next week?

[d2bets]

That seems to be the consensus but the earnings schedule is ultra light and we've got good friday. Other than concerns about weekend headlines of CV cases and deaths, what are you seeing that doesn't appear like we'll trade sideways next week?

Some may depend on whether the PPP gets processed without huge problems. That will keep businesses alive for 2 months.

[milwaukee mike]

Ok people next week is probably the time to load up on stocks. The market is going to test the 19500 lows. If we can hold this number it then would look like the bottom. If you buy, set up a right stop loss so that if it goes south you can get out and play another day.

bubble is never gonna be reinflated... deflationary environment/high unemployment isn't really a good thing for stocks once the free money runs out.

after a couple weeks we already have the worst economy since the great depression, imagine months more of this... what is real estate worth? what is a business worth? what is a mall or hotel worth?

nobody knows the answers to those questions, so i think it's still better to be cautious rather than "load up"

[homie1975]

Warren Buffett.

A lot of folks perplexed that he has not said a word.

I believe it's two fold.

I believe that he does not want to recommend that people buy stocks while we see CV cases and death counts go up, because he feels ethically torn by it.

Also, we are in such unprecedented times that are so uncertain uncertain health wise and financially that even the Oracle of Omaha is unsure what to do or say.

Note: just yday Berkshire unloaded Delta and Southwest

[HockeyRocks]

Warren Buffett.

A lot of folks perplexed that he has not said a word.

I believe it's two fold.

I believe that he does not want to recommend that people buy stocks while we see CV cases and death counts go up, because he feels ethically torn by it.

Also, we are in such unprecedented times that are so uncertain uncertain health wise and financially that even the Oracle of Omaha is unsure what to do or say.

Note: just yday Berkshire unloaded Delta and Southwest

I'm sure he has eyes on several stocks to jump on, perhaps he thinks the bottom is not in yet? However, it appears that he thinks Delta and SW still have a ways to fall..jmo

[Slurry Pumper]

That seems to be the consensus but the earnings schedule is ultra light and we've got good friday. Other than concerns about weekend headlines of CV cases and deaths, what are you seeing that doesn't appear like we'll trade sideways next week?

I see sideways trading trending to the previous lowes around 20 to 19.5. It's hard to look at the Dow usually S &P is the one to look at. If we break those low marks market plummets down another couple thousand easily. Not a good look during a pandemic. So I bet the market holds so as we trickle down get stocks with relative strength and one that is going to get favorable attention like BA. Keep stop losses tight and also be ready to short if things break.

[grease lightnin]

Previous low is 18,500ish. Not 19,500. Sigh

[MinnesotaFats]

Previous low is 18,500ish. Not 19,500. Sigh

Do we evaluate that low with the $2trillion we just printed and 0 interest rate. The dollar has been deflated considerably since.

[homie1975]

Previous low is 18,500ish. Not 19,500. Sigh

Yup 18,200s to be more exact

[grease lightnin]

Yup 18,200s to be more exact

Intraday. Close was 18,591 at the close on 3/23