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

[SBR_Guest_Pro]

American Airlines will be first airline in bankruptcy

Spirit and Delta will be the best performers

[homie1975]

DOW up 282 in pre

[d2bets]

DOW up 282 in pre

When actual data comes in, the euphoria of "reopening" will wane and reality will set in. Market may keep running higher as people delude themselves, but be nimble and ready to back out when this shit from the fan starts lighting up on the walls.

[homie1975]

Spirit and Delta will be the best performers

Bro I flew spirit from SoCal to chicago and told The Wife I'd never fly that airline again. I'm 6'1" so I'm not super tall but I'd had no leg room. I can't believe people fly that airline!

[homie1975]

When actual data comes in, the euphoria of "reopening" will wane and reality will set in. Market may keep running higher as people delude themselves, but be nimble and ready to back out when this shit from the fan starts lighting up on the walls.

2er the higher we go the higher the support will be after a dip no? Barring something catastrophic instead of cycled news/earnings, don't see a precipitous drop again like we had in feb/March.

[d2bets]

2er the higher we go the higher the support will be after a dip no? Barring something catastrophic instead of cycled news/earnings, don't see a precipitous drop again like we had in feb/March.

Not down to 2200, but I'm pounding the table on ~ 2650. It will happen this year.

[homie1975]

Not down to 2200, but I'm pounding the table on ~ 2650. It will happen this year.

I'm okay with that. It's only about 10% down from current levels. Gives me only a few positions that I need to cost down on, otherwise good everywhere else and strong heading into '21.

[homie1975]

Up over "three" in "the pre"

[Slurry Pumper]

So it looks like the S&P will top out over resistance this morning which is around 3010 when the market opens just like I didn't predict it would about a month ago. I still say we are going to visit the 2200 range this summer, but at this point lets ride the rally. Look out for a break out point failure and be ready to turn on a dime while enjoying the gains. I'll be looking for participation this morning in the oil and financial sectors and sectors like IWM related. If the rally is all FANG again, that would be a bad sign. I hope it runs though, I need the price action as opposed to the last couple of months of consolidation which has been killing longs and short plays. So the I-Beam of bullshit is winning out for the time being and we will break out hopefully to a violent rally today.

[Slurry Pumper]

I almost forgot, the industrial sector is another sector that will need to participate also.

[navyblue81]

Novavax looks like it’s going to explode today. Another vaccine candidate.

[Slurry Pumper]

Novavax looks like it’s going to explode today. Another vaccine candidate.

Don't fall for this again unless you already have it in your portfolio you can't chase. This is another FED story to get the market to rally today. My opinion.

[navyblue81]

Don't all for this again unless you already have it in your portfolio you can't chase. This is another FED story to get the market to rally today. My opinion.

Not buying. But whoever has it will have a good day and should sell after the clock hits 4. Tomorrow it will fail and a new vaccine candidate will emerge. The ongoing drama.

[Fred The Hammer]

USAC Over 10% in 2 days!! Looking at NMIH (National Mortgage Insurance) and also CARR (Carrier HVAC). Both are no brainers for our current situation. Its summer and Carrier is a strong provider while PMI on mortgages is a necessary evil for alot of people that are having financial issues, but still want a house.

[CanuckG]

All I see is green baby

[chico2663]

Spirit and Delta will be the best performers

Jet blue

[Snowball]

double tops in the 3 major indexes is very close now.
just a small amt of upside left until the rubicon.

only buy today a put on Silver Bear ETF
as I believe Silver is very solid no matter what

[chico2663]

Took a stab at sqm. With this shit China started could see lithium problem couple years.

[Slurry Pumper]

double tops in the 3 major indexes is very close now.
just a small amt of upside left until the rubicon.

only buy today a put on Silver Bear ETF
as I believe Silver is very solid no matter what

With the market makers selectively taking out the resistance on the S&P this morning, not seeing the volume of buying that will thrust this market ahead. Taking gold profits and probably getting all the way out although with the dollar just above the 200 day, I may jump back in the gold miners if the dollar slips below 200 MA.
Other than that, not like the lagging sectors like the banks or industrials.

Wouldn't be surprised to see a gap filling close this evening.

[Snowball]

Wouldn't be surprised to see a gap filling close this evening.

Gap filled, only question is close under or over. Crazy averages. A lot of this has to do with the Dow and S&P
components being so radically adjusted in recent years. No longer do they represent the real economy.
It might tap the 200 until it falls back. Quants and ghost bids run everything.

[Iona]

Earning after the close today:

[Slurry Pumper]

I was thinking of this mornings gap actually, but your right about the chart you're showing as well. Stock prices are really removed from reality about as much as I've ever seen it.

[milwaukee mike]

I was thinking of this mornings gap actually, but your right about the chart you're showing as well. Stock prices are really removed from reality about as much as I've ever seen it.

i saw more stuff removed from reality a couple months ago (in the other direction of course)

penn at 3 was a lot more removed from reality than penn at 30
oil at -36/bbl was completely removed from reality!

[navyblue81]

Sold Moderna today. Knowing my luck, it'll shoot back up but it could also slide back down another 25% and am just wanted to wipe clean of all biotech stocks. But it was plummeting faster than airline stocks were a few months ago.

For those who bought airline stocks, this is a good day for you. JetBlue and AA on fire.

[Iona]

Earning before the bell tomorrow:

[guitarjosh]

Gap filled, only question is close under or over. Crazy averages. A lot of this has to do with the Dow and S&P
components being so radically adjusted in recent years. No longer do they represent the real economy.
It might tap the 200 until it falls back. Quants and ghost bids run everything.

You still have the gap near the ATH

[Snowball]

You still have the gap near the ATH

yeah, between the lines.

meanwhile, the $SPX got smacked back off it's 200 MA.
That was a rude rejection indeed.

https://stockcharts.com/h-sc/ui?s=$SPX

[milwaukee mike]

ralph lauren pissed me off

i can try on polo jeans at macys/von maur/etc, but i can't try them on in the polo store? this was 2 days ago... cdc has even admitted that you don't get covid from touching stuff

i know my $200 isn't that important but if people start voting with their wallets, all these companies that chose tyranny and cowardice over freedom and bravery should be punished

[d2bets]

ralph lauren pissed me off

i can try on polo jeans at macys/von maur/etc, but i can't try them on in the polo store? this was 2 days ago... cdc has even admitted that you don't get covid from touching stuff

i know my $200 isn't that important but if people start voting with their wallets, all these companies that chose tyranny and cowardice over freedom and bravery should be punished

So we can stop washing our hands and disinfecting surfaces? That's no longer part of the deal?

[jjgold]

Grinding back up

A
Strange move because of what is going on

[pavyracer]

If Trump doesn't mention the stock market this week it could go higher. But you should not rule out him making a gaff.

[homie1975]

COST earnings on Thursday

monster.

[daneault23]

Should've gone in on LUV (Southwest) today. Taking a small position on them.

[Iona]

Interesting S&P 500 - it only goes up when it's closed :-)

[milwaukee mike]

So we can stop washing our hands and disinfecting surfaces? That's no longer part of the deal?

the chemicals in the disinfectants are much more likely to make you sick than covid

using common sense and washing your hands isn't a bad thing, but cleaning every surface after every use is just silly