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

**chico2663** · 04-06-20, 09:41 AM

Originally posted by milwaukee mike

huge moves this morning

penn +14%
amc +16%
home +25%
kss +19%
wynn +18%

Sold Wynn but made a grand thanks to u.

**chico2663** · 04-06-20, 09:43 AM

Originally posted by milwaukee mike

huge moves this morning

penn +14%
amc +16%
home +25%
kss +19%
wynn +18%

Damn 6 months ago kss was 60 when I sold it

**chico2663** · 04-06-20, 09:46 AM

He also gave me axgt

**chico2663** · 04-06-20, 09:49 AM

Hogg up also

**chico2663** · 04-06-20, 09:58 AM

Just sold planet fitness for 150 gain. Needed to say I had gainer.

**homie1975** · 04-06-20, 10:03 AM

we know markets don't move in a straight line. many thought this week we would trend downward and that still might happen but there are literally no big earnings reports this week and friday the market is closed.

as i play large index funds and ETF's, i am waiting this out.

patience, Friends! patience!!

**milwaukee mike** · 04-06-20, 10:04 AM

Originally posted by chico2663

Sold Wynn but made a grand thanks to u.

good stuff chico

keep grinding!

if you're into options there are a lot of puts i've been selling on stuff like penn/play/wynn... in the scenario that these places go bankrupt then it really doesn't matter what we have our money in, we're doomed

**d2bets** · 04-06-20, 11:28 AM

S&P 2630 now right at the level it capped out on two different days last week.

**MinnesotaFats** · 04-06-20, 11:46 AM

Originally posted by d2bets

S&P 2630 now right at the level it capped out on two different days last week.

Exactly...on what news do we expect it to break thru? Might see 4 down days from here....

**d2bets** · 04-06-20, 12:02 PM

Originally posted by MinnesotaFats

Exactly...on what news do we expect it to break thru? Might see 4 down days from here....

Mini 5-day chart W formation. W within a W back to 2200? Or, if it goes the other we may jump over 2,750.

**homie1975** · 04-06-20, 12:14 PM

Originally posted by MinnesotaFats

Exactly...on what news do we expect it to break thru? Might see 4 down days from here....

good question. but what good news caused this? a thurs/fri sell off from last week?

the earnings report has literally nothing this week and we are closed friday.

the market not reacting any more negatively at this point to the Cases and body count increasing daily.

**d2bets** · 04-06-20, 12:20 PM

Originally posted by homie1975

good question. but what good news caused this? a thurs/fri sell off from last week?

the earnings report has literally nothing this week and we are closed friday.

the market not reacting any more negatively at this point to the Cases and body count increasing daily.

The thing I want to know is if something artificial is propping the market up. Could the Fed be buying stocks? Easy money is certainly flooding everywhere, which is certainly good for equities combined with all the Fed liquidity.

**homie1975** · 04-06-20, 12:42 PM

D2 there is so much noise out there and both sides (strong Bulls and Doomsdayers) all so loud that it is tough to dial it out.

**milwaukee mike** · 04-06-20, 12:52 PM

Originally posted by homie1975

good question. but what good news caused this? a thurs/fri sell off from last week?

the earnings report has literally nothing this week and we are closed friday.

the market not reacting any more negatively at this point to the Cases and body count increasing daily.

the good news is that daily cases/deaths seem to be on the decline in nyc and europe

also the thought that italy might start up series a in a month, and that teams/players/etc aren't just going to sit back and let leagues cancel everything without a fight.

i'm waiting for amc or someone else major to just say FU these laws are just suggestions, unenforceable, and we're gonna open back up and stay open

**chico2663** · 04-06-20, 12:55 PM

aker almost doubled today

**homie1975** · 04-06-20, 12:57 PM

Ppl are changing their opinions like the wind. I'm waiting for the financials to come out later this month. If it keeps running then maybe I wait for another pullback. Might take months but I am patient

**chico2663** · 04-06-20, 12:57 PM

Originally posted by milwaukee mike

the good news is that daily cases/deaths seem to be on the decline in nyc and europe

also the thought that italy might start up series a in a month, and that teams/players/etc aren't just going to sit back and let leagues cancel everything without a fight.

i'm waiting for amc or someone else major to just say FU these laws are just suggestions, unenforceable, and we're gonna open back up and stay open

better have a good insurance policy. the liability will be HUGE!

**d2bets** · 04-06-20, 01:01 PM

Originally posted by chico2663

better have a good insurance policy. the liability will be HUGE!

Seriously. Yeah, that isn't going to happen. Companies can't afford to piss into the wind and anger the universe.

It's going to be a massive battle toward the end of April with one camp wanting to open up and the other saying wait til June.

**milwaukee mike** · 04-06-20, 02:59 PM

Originally posted by chico2663

better have a good insurance policy. the liability will be HUGE!

if you're amc/penn national/dave & buster's/six flags/etc does it really matter? if you don't open for 3 months you're totally bankrupt so there's nothing to lose

**d2bets** · 04-06-20, 03:00 PM

Wow. What a rally into the close. This is why it's tough to get in and out of the market. If you sold late last week expecting further fall, you missed a massive rally today.

**milwaukee mike** · 04-06-20, 03:04 PM

Originally posted by d2bets

Wow. What a rally into the close. This is why it's tough to get in and out of the market. If you sold late last week expecting further fall, you missed a massive rally today.

exactly, huge opportunities all over the place

kss was at 10 (now at 14)... the stock is either gonna be worth 40 or 0, and it probably ain't gonna be 0

**homie1975** · 04-06-20, 03:10 PM

Bear Trap? Time will tell. I wonder where we go between now and 5/29.

**guitarjosh** · 04-06-20, 03:28 PM

Originally posted by homie1975

Bear Trap? Time will tell. I wonder where we go between now and 5/29.

Good volume today plus getting over the 38.2% fibonacci level is a good sign.

**jjgold** · 04-06-20, 03:40 PM

We have a good year or so to get back to where it was and economy was

**d2bets** · 04-06-20, 03:50 PM

The S&P 500 closed 12/31/18 at 2507. Market is up over 6% since the beginning of 2019.

I guess the theory is if this thing does have a near back to normalcy June 1 and the programs help firms survive the 2 months, given all the cash flooding the market and negative interest rates, it's pretty prime for equities. Snap back could happen. But it's predicated on really getting back near normal by June. I just think the risk will still remain for this thing to re-emerge at any time necessitating further shut downs or risking a reigniting of the problem. It's a race against time for vaccine, antivirals and antibody tests.

**guitarjosh** · 04-06-20, 04:01 PM

Originally posted by d2bets

The S&P 500 closed 12/31/18 at 2507. Market is up over 6% since the beginning of 2019.

I guess the theory is if this thing does have a near back to normalcy June 1 and the programs help firms survive the 2 months, given all the cash flooding the market and negative interest rates, it's pretty prime for equities. Snap back could happen. But it's predicated on really getting back near normal by June. I just think the risk will still remain for this thing to re-emerge at any time necessitating further shut downs or risking a reigniting of the problem. It's a race against time for vaccine, antivirals and antibody tests.

Do you think we will see nonstop fiscal and monetary stimulus until things get back to normalish?

**homie1975** · 04-06-20, 04:08 PM

Originally posted by guitarjosh

Do you think we will see nonstop fiscal and monetary stimulus until things get back to normalish?

i know you asked D2 and not me but i don't think so. The GOP is already pushing back on phase 4 of a stimulus, saying they want to wait. Dems pushing it too quickly and GOP wants to wait, but how long can we wait?

**guitarjosh** · 04-06-20, 04:12 PM

Originally posted by homie1975

i know you asked D2 and not me but i don't think so. The GOP is already pushing back on phase 4 of a stimulus, saying they want to wait. Dems pushing it too quickly and GOP wants to wait, but how long can we wait?

McConnell said to wait a few weeks until we see how phase 3 went. The GOP will ultimately go along with what Trump wants, and he will do anything to get reelected.

**homie1975** · 04-06-20, 04:12 PM

Originally posted by jjgold

We have a good year or so to get back to where it was and economy was

at least.

**chico2663** · 04-06-20, 04:13 PM

Originally posted by milwaukee mike

if you're amc/penn national/dave & buster's/six flags/etc does it really matter? if you don't open for 3 months you're totally bankrupt so there's nothing to lose

But the c.e.o. Could be charged as a felony. Seen it on law and order. Lol

**d2bets** · 04-06-20, 04:33 PM

Originally posted by homie1975

i know you asked D2 and not me but i don't think so. The GOP is already pushing back on phase 4 of a stimulus, saying they want to wait. Dems pushing it too quickly and GOP wants to wait, but how long can we wait?

Don't even need a Phase 4. The PPP is stimulus on steroids for every "small" (up to 500 employees) biz in America. They "only" allocated 350 billion so far, but I'll betcha they will get total applications that go WAY over that and then how are they going to say "no, too late" after a week or two? The PPP is massive free money to every 1-500 employee business owner, up to $10 million for a company. Damn near every ongoing business that doesn't shutter qualifies and any business that doesn't take advantage of it is nuts. The government is paying two months' worth of employee salaries, rent and utilities (tax-free) simply to "keep the lights on", even for businesses that are still operating and would have kept the lights on anyway. If businesses can then get back to normal June/July, many will be flush with extra cash.

**d2bets** · 04-06-20, 05:10 PM

Today the market closed at just about 20% higher off of the lows from 2 weeks ago, and (only) just about 20% lower than the all-time highs set 7 weeks ago.

**MinnesotaFats** · 04-06-20, 05:20 PM

Originally posted by d2bets

Today the market closed at just about 20% higher off of the lows from 2 weeks ago, and (only) just about 20% lower than the all-time highs set 7 weeks ago.

What triggered this buying? It made 0 sense a oil plummeting, gold skyrocketed, unemployment figure way up in State by state analysis and no substantial change in CV death rate...

It's got to go down 20-25% over next 2 weeks.

No company is going to make earnings and half of US small businesses are going to be in default of debt....not to mention private house mortgage concerns.

**aston** · 04-06-20, 06:42 PM

Originally posted by chico2663

aker almost doubled today

great call

**d2bets** · 04-06-20, 06:49 PM

Originally posted by MinnesotaFats

What triggered this buying? It made 0 sense a oil plummeting, gold skyrocketed, unemployment figure way up in State by state analysis and no substantial change in CV death rate...

It's got to go down 20-25% over next 2 weeks.

No company is going to make earnings and half of US small businesses are going to be in default of debt....not to mention private house mortgage concerns.

Well you're sticking to your guns. You may be right. You may be wrong. I honestly don't know. I will say it is certainly easier to see it fall 20% in the next to weeks than rise 20%.