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

[d2bets]

Here we go again with deteriorating rally for the third day in a row? Probably closes around 2870.

[KVB]

Here we go again with deteriorating rally for the third day in a row? Probably closes around 2870.

It's tough to stay over that lower horizontal red line, and we're intersecting the diagonal.

How long can a market like this stay in low volatility range like that (also bumping for this page)...

...Here's the S&P from my screen. Josh and everyone, I drew three trendlines in red. They were snap to lines even if they don't look straight..lol...you get the idea. Also some SMA's in there.

What are we looking at here guys? What's next for a breakout? What are the various scenarios from here?

This is the S&P 500, but it's a common chart pattern right now.

[homie1975]

Thinking same but very small. Thx! and best.

i looked at AAL and SAVE which are both under $10 but w/ this sector i felt more comfy owning a basket of them to trade together rather than just one alone.

[homie1975]

Here we go again with deteriorating rally for the third day in a row? Probably closes around 2870.

should still close approx 8% over that 2640 support line you've mentioned that i have been thinking is our hard support point given the headlines and market reactions to good and bad news.

[KVB]

I added the MACD, IV and relative strength.

It'a almost like a tease with RSI leveling off and the MACD just sitting on top of itself...



It's like we're entering the same pattern as before the crash, just with value shaved off.

[chico2663]

i looked at AAL and SAVE which are both under $10 but w/ this sector i felt more comfy owning a basket of them to trade together rather than just one alone.

jblu and aal are the best in sector. i trade in and out on reg basis. jblu is stream lined and should be in good shape. aal makes extra money by carrying freight.

[Slurry Pumper]

OK, another day of bouncing around in a trading range. As the market rolls up to resistance, I see that there just isn't enough to get it above resistance so it pulls back a little and then the next day they try again. I just don't see the market breaking through the resistance with out participation from the financial sector. This is why I think ultimately we will see the March lows before we see a testing of the highs of Feb. The FANG stocks continue to lead the market, but some of them are showing signs of getting tired.
We are 1 bad news story away from catapulting us down and out of the trading range the market is currently in. Some would say we are 1 good news story away from thrusting up through the resistance, but I just don't see it. Oh the market is trying to stay up as much as possible, but the daily volume just isn't there to sustain it. Every morning they prop up the market and every day there just isn't any movement that shows me to believe in it.

I'm picking up shares of BA below $125 a little at a time while staying short the financial ETF (XLF), and now I started to short the (CAT)erpillar a little bit and starting to enter the oil patch with the Exxon (XOM) and oddly enough looking at retail. That sector looks like shit so that is when I start looking at them.

[SBR_Guest_Pro]

a decent day for myself... not expecting it to last long though. Like Slurry said, one news story about a death toll spike and we're screwed.

[Sanity Check]

OPTICS

Didn't say it was Trump's fault

35mm people have lost their income. They get $1200 + a long wait for UI

They watch the news, and Wall Street gets $2.5Trillion, and investors are sitting on all time high Nasdaq, and Dow/ SP are within 7% of all time high

You have Axel Rose trashing the Treasury JFC

Trump will lose 10mm votes of the (presumptive) 17.5 mm unemployed that were GOP just based on the spite driven by optics

It's over...there's no spin. The people who elected Trump got left behind for NY elitists and investors, the rest of the programs created to abide his base were corrupted by banks and bureaucrats (SBA, CDC)

If you look @ the oversight board for distribution of corona virus relief funds.

The board is 100% comprised of democrats.

On the surface, it might seem bad for Trump. Looking @ the finer details a somewhat different picture emerges.

[pavyracer]

Big rally tomorrow and next week. Don't be left off the train when it launches.

[chico2663]

If you look @ the oversight board for distribution of corona virus relief funds.

The board is 100% comprised of democrats.

On the surface, it might seem bad for Trump. Looking @ the finer details a somewhat different picture emerges.

bacon,if you were smarter...you would see trump and his cabinet are made up of democrats.

[Sanity Check]

bacon,if you were smarter...you would see trump and his cabinet are made up of democrats.

Democrats got leverage on Trump.

And tookover some aspects of corona virus disaster relief.

If Trump was affiliated with the left, the media wouldn't be attacking him 24/7.

[Shafted69]

Jerome. The playa from the himalayas is one slick mofo. Keeps propping it up with the printing press.

National Debt just crossed over the 25T mark and counting.

[homie1975]

OK, another day of bouncing around in a trading range. As the market rolls up to resistance, I see that there just isn't enough to get it above resistance so it pulls back a little and then the next day they try again. I just don't see the market breaking through the resistance with out participation from the financial sector. This is why I think ultimately we will see the March lows before we see a testing of the highs of Feb. The FANG stocks continue to lead the market, but some of them are showing signs of getting tired.
We are 1 bad news story away from catapulting us down and out of the trading range the market is currently in. Some would say we are 1 good news story away from thrusting up through the resistance, but I just don't see it. Oh the market is trying to stay up as much as possible, but the daily volume just isn't there to sustain it. Every morning they prop up the market and every day there just isn't any movement that shows me to believe in it.

I'm picking up shares of BA below $125 a little at a time while staying short the financial ETF (XLF), and now I started to short the (CAT)erpillar a little bit and starting to enter the oil patch with the Exxon (XOM) and oddly enough looking at retail. That sector looks like shit so that is when I start looking at them.

Slurry I hear you but the world race for the vaccine or more good news about progress in this endeavor, is on, and it is furious as there are more biotech companies right now than at any time in history, right? just two to three more pieces of good news on this front, and we will pushing right up against all time highs, imo.

perhaps i'm naive but my gut is telling me that as states reopen, those folks in "hot zones" will be pretty careful and we most likely will not see a spike in cases and deaths that is material enough to spook the market. it's my hunch.

here in southern cali, probably 80% of ppl i see out at grocery stores etc, are wearing masks and keeping physical distance. i think it's a good sign.

[milwaukee mike]

Slurry I hear you but the world race for the vaccine or more good news about progress in this endeavor, is on, and it is furious as there are more biotech companies right now than at any time in history, right? just two to three more pieces of good news on this front, and we will pushing right up against all time highs, imo.

perhaps i'm naive but my gut is telling me that as states reopen, those folks in "hot zones" will be pretty careful and we most likely will not see a spike in cases and deaths that is material enough to spook the market. it's my hunch.

here in southern cali, probably 80% of ppl i see out at grocery stores etc, are wearing masks and keeping physical distance. i think it's a good sign.

i think that's a terrible sign

means snowflakes are still melting... wearing a mask hurts you! not only are you breathing back in your own damp carbon dioxide, but your face is getting less vitamin d (sunlight)

why would anyone need to wear a mask AND stay 6 feet apart? is your breath really that fukking awful?

the thing i really laugh about is these geniuses wearing a mask in their cars with the windows up

[DoctorStrong]

should see another green day today for the major indices

[MinnesotaFats]

I'm wondering what qualifies as bad news on wall street?

Record unemployed again

Hydroxicloriquine failed

Record debt

Surge in deaths

Large cap companies filing ch 11

State pensions broke and underfunded

Lockdowns extended

Etc, etc, etc....

Evidently this means rally

[milwaukee mike]

I'm wondering what qualifies as bad news on wall street?

Record unemployed again

Hydroxicloriquine failed

Record debt

Surge in deaths

Large cap companies filing ch 11

State pensions broke and underfunded

Lockdowns extended

Etc, etc, etc....

Evidently this means rally

on the flip side

- nfl set to start schedule as planned
- big ufc event tomorrow
- more and more brave doctors and freedom fighters are joining in the battle against the globalist drug pushers

Elizabeth M.Economou


@EMECONOMOU



·
May 2









#IHME you tanked the #economy w/ your astronomically wrong #projections. #Not Science. I'm sure it was part of your #insidious plan to push for a #vaccine. The world should listen to #Stanford Scientist John #Ioannidis@julie_kelly2
#OpenAmerica#reopenwashington#NoMasks

[d2bets]

I'm wondering what qualifies as bad news on wall street?

Record unemployed again

Hydroxicloriquine failed

Record debt

Surge in deaths

Large cap companies filing ch 11

State pensions broke and underfunded

Lockdowns extended

Etc, etc, etc....

Evidently this means rally

Are you throwing in the towel?

[Skidcom]

Definitely at an inflection point. Keeping a close eye on it. Wife trying to execute a huge order for CLOU. Not sure about that. Gotta take a break I think. Hard to get in front of the momentum train. So much cash floating out there. Crazy

[MinnesotaFats]

Are you throwing in the towel?

LOL not buying a fukkin thing

Still think you're all gonna get skinned alive here, but if you see value or profits, take them!

I just see a world right now where nobody has any money, Wendy's can't even get beef, only 1 in 3 Americans actually participate in workforce....paying 15-20xs earnings for an economy that's going to take 15 years to recover is insanity imho!

[Enkhbat]

Right now the only thing you can do is daytrading. Feels like another leg down soon.

[d2bets]

Right now the only thing you can do is daytrading. Feels like another leg down soon.

I've felt that for awhile but here we are, so I'll just not share my feelings.

[milwaukee mike]

Right now the only thing you can do is daytrading. Feels like another leg down soon.

or you can golf every day like me

for every birdie i buy another 2,000 shares of kss and ryi

those are such easy doubles

[homie1975]

I'm wondering what qualifies as bad news on wall street?

Record unemployed again

Hydroxicloriquine failed

Record debt

Surge in deaths

Large cap companies filing ch 11

State pensions broke and underfunded

Lockdowns extended

Etc, etc, etc....

Evidently this means rally

Minny let's look at the good news:

- states reopening in phases
- new york (the major hot zone) curve flattened and hospitalization rate slowing
- remdesivir lowers death rate and shortens hospital stays
- NYT study shows antibodies helpful in fighting off future COVID


there is good news out there also, and since the market is forward looking, it is factoring all of it in. Q3 and Q4 should be good

[MinnesotaFats]

Minny let's look at the good news:

- states reopening in phases
- new york (the major hot zone) curve flattened and hospitalization rate slowing
- remdesivir lowers death rate and shortens hospital stays
- NYT study shows antibodies helpful in fighting off future COVID


there is good news out there also, and since the market is forward looking, it is factoring all of it in. Q3 and Q4 should be good

Define a good Q3.... GDP -5% year on year? There's still going to be 15 million unemployed people w 0 discretionary income. That means less cable, less gas, less McDonalds, less apple phones, less travel and less wine.

There's no trickle down here....the speculative nature of these forward looking investors is thru rose colored glasses....even the tech companies that are winning are doing so because they create tech that reduces employees...that's not good for the long term outlook of the US economy.

[milwaukee mike]

Define a good Q3.... GDP -5% year on year? There's still going to be 15 million unemployed people w 0 discretionary income. That means less cable, less gas, less McDonalds, less apple phones, less travel and less wine.

There's no trickle down here....the speculative nature of these forward looking investors is thru rose colored glasses....even the tech companies that are winning are doing so because they create tech that reduces employees...that's not good for the long term outlook of the US economy.

i think most people on unemployment have been receiving more money than usual... we're talking about hospitality/food workers getting an extra $600/week AND an extra $1200 stimulus

agree that long-term we're screwed but that's only because of the unpayable national deficit, which has now gotten really worse

[homie1975]

Define a good Q3.... GDP -5% year on year? There's still going to be 15 million unemployed people w 0 discretionary income. That means less cable, less gas, less McDonalds, less apple phones, less travel and less wine.

There's no trickle down here....the speculative nature of these forward looking investors is thru rose colored glasses....even the tech companies that are winning are doing so because they create tech that reduces employees...that's not good for the long term outlook of the US economy.

new economy started developing over a decade ago. it is darwinism only it concerns businesses and the ability to make money on inventiveness and tech. survival of the fittest. brick and mortar has been dying for years so it is a shift in paradigm and there is no way around it. the economy won't be weaker, it will just be different in consumption choices and instruments to get there.

[MinnesotaFats]

new economy started developing over a decade ago. it is darwinism only it concerns businesses and the ability to make money on inventiveness and tech. survival of the fittest. brick and mortar has been dying for years so it is a shift in paradigm and there is no way around it. the economy won't be weaker, it will just be different in consumption choices and instruments to get there.

This is true but the tech inventiveness is for leisure and non essential consumption.

When 15mm bartenders and laborers don't have enough to make their rent payments they aren't going to be streaming stuff or paying for upgrades in phone or booking online for travel or using fitness apps

[homie1975]

This is true but the tech inventiveness is for leisure and non essential consumption.

When 15mm bartenders and laborers don't have enough to make their rent payments they aren't going to be streaming stuff or paying for upgrades in phone or booking online for travel or using fitness apps

all true Minny but don't you think in *most parts* of the country (outside of CA, NY and Chicago type places where cost of living is very high), the weekly UI payment plus $600/weekly on top of that, is sustaining them enough to get by for a bit here?

[homie1975]

Apple opening all US stores next week might not have huge impact on top and bottom lines (most ppl can simply buy their products online) but from a symbolic standpoint it is huge, which is why the rally is accelerating into the close.

[Snowball]

all true Minny but don't you think in *most parts* of the country (outside of CA, NY and Chicago type places where cost of living is very high), the weekly UI payment plus $600/weekly on top of that, is sustaining them enough to get by for a bit here?

It's ridiculously high. Most collecting UI are not collecting anywhere near 600/wk in benefits.
This is the first time in their lives they're cashing over 1k/week and doing nothing for it.
Millions are in no hurry to return to work under these conditions..
So we have high earners collecting 700-1100 plus 600/week...plus the 1200 they got per adult
plus another 500 per child.

[navyblue81]

Put $3k in Phillips 66 on Wednesday. Went up 7% the last two days. Cashed in a couple hundred thus far.

[milwaukee mike]

Put $3k in Phillips 66 on Wednesday. Went up 7% the last two days. Cashed in a couple hundred thus far.

nice, i'm holding psx myself, huge run here

[Goat Milk]

Should have sprinkled on Beyond Meat when it was 50. Almsot tripled up so far. F man.