That's a bit compressed. The real test isn't until Sept/Oct (fall) when schools "reopen", etc. Summer is likely to be a respite of sorts, but may bring a false sense of "we're back" before the second wave hits. It's totally inevitable, only question is how the country responds.
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Earning after the close today:
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Moderna bouncing back. In the green today. Oil doing really well. I’m liking the profits I’m seeing from Phillips66 and MPC. Roku started good but now in red.Comment -
Absolutely. I wasn't talking about biotech. I was talking about tech companies, many of whom are not unaffected but this but positively affected by the covdi trends. They may continue to run, but how much farther can the broader market go without participation that I don't see happening. But I guess the market is just discounting/ignoring what's coming in the fall and setting up for a second huge fall in the fall.Comment -
Earnings before the bell tomorrow:
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Crude is about to spike again. We currently have a unit down due to a explosion a few months ago and have only been working 40hr weeks due to the pandemic and the demand. That all changed a two weeks ago and we shifted to two shifts at 60hrs a week to get the unit back online by June 1st.Comment -
If you go by that trend look at swksComment -
I'll bet on another late into-the-close hard drop today like yesterday.Comment -
Moderna a roller coaster today. Was down 5%, then went up 5%, now almost back to 0.Comment -
40 BTC transferred from possible Satoshi owned wallet (dormant since 2009) today
The coins in this transaction were mined in the first month of Bitcoin's existence.Comment -
silver and platinum another killer dayComment -
The Dow Jones
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Market moves up without news (good or bad). This is a good sign. A lot of the big buyers are lining up to buy stocks.Comment -
two NO DEBT domestics looking heavy value for turnarounds
CULP - Culp Industries and BSET - Bassett Furniture
more risky - Chinese restaurant supplier. HFFG - HF Foods GroupComment -
OK so the market is right at the top of the I-beam of bullshit range. What we need for tomorrow is a break out to squeeze a shit load of short players like myself. Hell I'm ready for this to happen at this point. Even if it happens I still think we travel back to the 2200 range this summer, but a nice short squeeze would do wonders for my oil and financial stocks while limiting my short plays that I have been cycling through for the last month.
Lets hope it happens because if it doesn't the market will just drift down a little bit before they come up with a story about a Mexican and Chinese amalgamation treatment that is called the Kung Flu-gheretta. 3 parts tequila, crushed ice from a mineral spring somewhere in China with some proprietary ingredients a dash of soy sauce and a smig of bleach all served in a glass with crushed hydroxicholroquin around the rim. The market will eat it up and we will be right back where we are again like ground hog day.Comment -
Slurry I'm a bull by nature but open to the Bear thesis when it calls for it.
You seem like a Bear but not open to the Bull thesis.
This a brave new world (order) where Tech rules all as Pavy said, the market is rising on good and bad news.
I think it's been too long now (8 weeks) since the retrace. It feels stronger than a mini bull.
The bull market climbs the wall of worry.Comment -
I'm from the government and I'm here to help. - Jerome PComment -
I'm just a middle-aged working stiff, but really having fun with the market right now! I dabbled in the market during the poker boom, but then bought a house and my available $ dried up. Anyway put in 2k initially on April 13 and already made over $300 twice on MGM and got 325 shares the other day at $12.28. Is this a great buying opportunity or will the sky fall soon enough? I feel like the gloom-n-doom hasn't reached Wall Street yet.
Anybody like a stock under $25? I'm looking at PINS PinterestComment -
D2,
Yeah that is a compressed view obviously. I don't know what'll happen with covid. I am not a scientist, I am not an epidemiologist. But stocks are mainly about perception.
Homie,
You're talking about stocks like Amazon and Netflix like it's a surprise they went up. Of course they went up. These types of stocks are unaffected by covid. If anything they'll do better. Common sense 101 bro.
My point is, 90% of stocks are riding on Moderna or one of these biotechs finding a vaccine.
I can guarantee with 100% certainty that if Moderna came out tomorrow and said "Potential vaccine trial fails phase 3 (or whatever) trials" nearly every single stock on the market would tank.
Another common sense 101 tidbit for you.Cause Sleep is the Cousin of DeathComment -
i have owned spt since it was 17 but getting ready to cash out for profit. I would ask mil-mike who he likes. I have made money off his picks. Or you could play the dividend game. Took 30,800 to 34.800 in 4 months b4 this shit hit.Comment -
Trading on 33 stocks have been suspended since late Feb due to Coronavirus Claims as an FYIComment -
I play both bull and bear style. On the same stock. For instance, I own all the FANG stocks and gold miners going long, I'm short PETS, XLF for a while now. I have some stocks that I just got into long like SLB, GS, and INTL. I'll switch all of them at the right time when I see the money coming in or out.
The FANG just keeps going so I'm riding it, but while they are reaching new heights, the market is sickly. The VIX is drifting down, the financials are not participating, the S&P has super resistance at this level, IWM needs to get going, and the plunger boys keep propping up the market on a daily basis. So what is happening with all the manipulation is the market can't get going either way and thus my plays are muted. A little here and there during this time when I am basically playing a 2 to 5 day trade is not my usual style, I usually take a few months per trade.
Now that I'm still at home waiting for my Governor to open up the state so that I can go get another job this is the only betting I have so the market being bound in a tight trading range held up with the I-beam of bullshit support that will not allow the market to fail is actually hurting the economy in the long run and holding up the market action in the short run. Eventually the market will do what it has to do, but the Fed is retarding the action and thus lowering my overall yield.Comment -
again, define "tank"? 5% drop? yes, if the vaccine trials come back with negative results, then yes the market will be affected adversely by single digit percentage points likely 5 to 7% max, but will it go into freefall again like it did for weeks from late feb to late march?
NO.
NO.
NO.Comment -
I have money in Moderna so hoping for good news. It honestly could go either way. Some are saying it could split up to 120 within the next week or so, which would be a 40% spike while others say it could drop back down to 50 or 60. So holding my chips hoping for good news.Comment -
Cases are trending up in GA last 3 days... will be interesting to see what tomorrow brings.Comment -
