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

[SBR_Guest_Pro]

ready to buy stocks with my stimulus

[Iona]

Don't forget the airlines.

LOL - I was going to edit the post include them.

On a serious note, if implemented, it's a dangerous first step down the wrong path.

[KVB]

ready to buy stocks with my stimulus

Proceed with caution and have your time horizon set. Have a plan on when you are buying and when and if you are selling.

Be prepared for another potential drop off. Remember, we're still far above the leves of night the futures soared when it was obvious Trump was going to be elected.

Or just buy amazon...lol.

Good Luck!

[KVB]

LOL - I was going to edit the post include them.

On a serious note, if implemented, it's a dangerous first step down the wrong path.

Not sure what congress is actually thinking on this, so let's see if it gains any traction.

[chico2663]

Why would a company do a mid day conference?

[milwaukee mike]

Proceed with caution and have your time horizon set. Have a plan on when you are buying and when and if you are selling.

Be prepared for another potential drop off. Remember, we're still far above the leves of night the futures soared when it was obvious Trump was going to be elected.

Or just buy amazon...lol.

Good Luck!

stock futures were way DOWN on election night

[Iona]

Fasten your seat belts - this week should be interesting !

[Slurry Pumper]

So here we are right at about the top of a trading range of about 2850 to 2700. Usually the longer a trading range exist will directly reflect the energy associated with a break out or break down. Since we are at the top of the range, the question is will we bust above the resistance or start to pull back and continue to trade in the range previously defined. My guess is that it will break down so I will continue to be short the XLF, and Tesla, and I still am picking up shares of Boeing and Exxon on down days. Boeing however is not participating in the rallies of late and it did just break down below support of $135 last Friday. I would use more caution with Boeing in the short term. It did break down below support on a rally day and that is an indicator that a further breakdown is more likely than not during a down turn in the market. Add to that they report on Wednesday and I think Monday and Tuesday can be a ride down in this stock, but on Wednesday when they report may be a good time to catch this stock if we have some capitulation earlier in the week. Other than that I am generally pessimistic and still believe that the March lows are still in play to watch. I think we will go back and revisit those levels in the near future (+ / - a month)

[d2bets]

So here we are right at about the top of a trading range of about 2850 to 2700. Usually the longer a trading range exist will directly reflect the energy associated with a break out or break down. Since we are at the top of the range, the question is will we bust above the resistance or start to pull back and continue to trade in the range previously defined. My guess is that it will break down so I will continue to be short the XLF, and Tesla, and I still am picking up shares of Boeing and Exxon on down days. Boeing however is not participating in the rallies of late and it did just break down below support of $135 last Friday. I would use more caution with Boeing in the short term. It did break down below support on a rally day and that is an indicator that a further breakdown is more likely than not during a down turn in the market. Add to that they report on Wednesday and I think Monday and Tuesday can be a ride down in this stock, but on Wednesday when they report may be a good time to catch this stock if we have some capitulation earlier in the week. Other than that I am generally pessimistic and still believe that the March lows are still in play to watch. I think we will go back and revisit those levels in the near future (+ / - a month)

At the current level, the March low is more than a 22% drop away. I do think we fall near-term, but I doubt it gets that far unless things really go south.

[chico2663]

fb must be getting ready to kill it. Up 1.73 after hrs.

[homie1975]

So here we are right at about the top of a trading range of about 2850 to 2700. Usually the longer a trading range exist will directly reflect the energy associated with a break out or break down. Since we are at the top of the range, the question is will we bust above the resistance or start to pull back and continue to trade in the range previously defined. My guess is that it will break down so I will continue to be short the XLF, and Tesla, and I still am picking up shares of Boeing and Exxon on down days. Boeing however is not participating in the rallies of late and it did just break down below support of $135 last Friday. I would use more caution with Boeing in the short term. It did break down below support on a rally day and that is an indicator that a further breakdown is more likely than not during a down turn in the market. Add to that they report on Wednesday and I think Monday and Tuesday can be a ride down in this stock, but on Wednesday when they report may be a good time to catch this stock if we have some capitulation earlier in the week. Other than that I am generally pessimistic and still believe that the March lows are still in play to watch. I think we will go back and revisit those levels in the near future (+ / - a month)

Slurry
a month ago i would have agreed with you but now i am feeling a different tune which is i started building positions in Best of Breed companies over the past two to three weeks. i have sensed a major shift. the market is ignoring most of the bad news now.

CMG drops 35% in same store sales but the stock flies up DD % after earnings

so many other examples

i believe the COVID shock to the market is basically over now. trust me, i want to build my positions more but i have to go with what i see not what i want.

BTW i did not buy CMG. i refuse to chase stocks that are on ATH or have run too far. i might begin a position on a pullback but i am not chasing. no way jose

[chico2663]

how the hell is chipotle worth so much?

[guitarjosh]

how the hell is chipotle worth so much?

No debt and 25% annual return on equity.

[guitarjosh]

Slurry
a month ago i would have agreed with you but now i am feeling a different tune which is i started building positions in Best of Breed companies over the past two to three weeks. i have sensed a major shift. the market is ignoring most of the bad news now.

CMG drops 35% in same store sales but the stock flies up DD % after earnings

so many other examples

i believe the COVID shock to the market is basically over now. trust me, i want to build my positions more but i have to go with what i see not what i want.

BTW i did not buy CMG. i refuse to chase stocks that are on ATH or have run too far. i might begin a position on a pullback but i am not chasing. no way jose

I think a lot of institutional buyers are believing that we'll have nonstop fiscal and monetary stimulas until things return to normal.

[homie1975]

I think a lot of institutional buyers are believing that we'll have nonstop fiscal and monetary stimulas until things return to normal.

Josher what percentage of the market do u think is institutional investors and what percentage retail ??

[guitarjosh]

Josher what percentage of the market do u think is institutional investors and what percentage retail ??

70% give or take 5%

[Enkhbat]

Futures up considerably, another up week?

[MinnesotaFats]

Futures up considerably, another up week?

Doubt it. Only things popping today are broke companies like MGM or Carnival or American Air.

Dont see any value in those and all the real stocks you want to own are going to report shit earnings this week, tanking everything...

[homie1975]

+ week. My prediction. The market continues to ignore terrible earnings which it has already priced in weeks ago.

All three indexes close higher friday afternoon than they sit at right now.

My prediction.

[Iona]

Oil collapsing - Again. However, this time it's over all contracts.

Can USO go negative ? Anybody know ?

[chico2663]

Sold xom mro at profit.i think another of my pennies doubles today with a bla listing

[chico2663]

Sold xom mro at profit.i think another of my pennies doubles today with a bla listing

Also it is in phase two of covid. This is the drug that took those patients off the ventilator in San Francisco. It will be next drug trump touts.

[milwaukee mike]

Oil collapsing - Again. However, this time it's over all contracts.

Can USO go negative ? Anybody know ?

NO uso can't go negative

there hasn't been a single case of a stock/fund/etf ever going negative

[Fred The Hammer]

MGM

Vegas is coming back!!

[Iona]

Sold xom mro at profit.i think another of my pennies doubles today with a bla listing

Nice !

I am still long XLE; at this point I will just stay with it. The dividend looks safe for now.

UGH - how much lower can oil go ?

[Enkhbat]

MGM

Vegas is coming back!!

What do you mean by this? MinnesotaFats just said MGM is a broke company.

[chico2663]

Nice !

I am still long XLE; at this point I will just stay with it. The dividend looks safe for now.

UGH - how much lower can oil go ?

etp-d ready to go dividend. i will roll over to bacon's favorite e.t.

[Iona]

NO uso can't go negative

there hasn't been a single case of a stock/fund/etf ever going negative

Thought so, but wasn't sure. Never envisioned oil and yields going red.

Thanks, Milwaukee !

[chico2663]

fb is first foreign company going into india. whats app going to be huge there + their new money changing app.

[krk1030]

MGM closed another month at least yet its up.9% today.

The market makes no sense lately.

[homie1975]

+ week. My prediction. The market continues to ignore terrible earnings which it has already priced in weeks ago.

All three indexes close higher friday afternoon than they sit at right now.

My prediction.

the market is looking at Q3 and Q4 as the return of the american companies and willing to pretty much ignore horrid earnings numbers as it looks 6 mos into the future. i think this is pretty clear.

i was completely bearish one month ago but there was a clear shift in the air as the COVID SHOCK wore off so i had to start buying about three weeks ago. i did not want to get left behind.

[d2bets]

the market is looking at Q3 and Q4 as the return of the american companies and willing to pretty much ignore horrid earnings numbers as it looks 6 mos into the future. i think this is pretty clear.

i was completely bearish one month ago but there was a clear shift in the air as the COVID SHOCK wore off so i had to start buying about three weeks ago. i did not want to get left behind.

What about now at ~ 2875. Can this really run significantly higher now? I mean, is it possible to be back at new highs this year. That's only about 15% away from here.

[KVB]

I think a lot of institutional buyers are believing that we'll have nonstop fiscal and monetary stimulas until things return to normal.

Agreed.

[KVB]

stock futures were way DOWN on election night

That's because the main stream media pushed a Hillary victory and many Americans bought into the idea. She was a heavy favorite in the betting market.

But when the world realised Donald Trump was going to be president, not only did the betting markets flip, but the stock futures as well.

The fact is, by the end of the night, stock futures actually way UP on election night.

With a few blips along the way, stocks have nothing but soared under Trump. That all started on election NIGHT.

[KVB]

Doubt it. Only things popping today are broke companies like MGM or Carnival or American Air.

Dont see any value in those and all the real stocks you want to own are going to report shit earnings this week, tanking everything...

I can see it, data can't be good in the near term but some of that is no doubt priced in as we knew business was hurting. And with stimulus all the rage in DC, well...

Also, remember, stocks rose as we saw crazy unemployment numbers come out. It's a wacky world we live in now.