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

[jjgold]

Markets go up and down all the dummies try to predict daily or weekly or monthly movements

[homie1975]

bear markets and bull markets do not move in straight lines. the foundation is there from pre COVID-19 and this is simply a bad day in what have been many great days the last 2.5 mos.

let the weak hands leave. it makes the market foundation stronger when they are gone.

[pavyracer]

the timing is the tricky part.

as Canuck alluded to, did you sell before today and short the market? I doubt it.

I started selling on Friday and Monday. I also rebalanced by 401k on Monday to bonds from stocks. A 25% increase in just 2 months. I didn't switch to stocks at the bottom but I was lucky to sell at the top.

If the market drops another 10%-15% I may start buying stocks again and rebalancing the 401k again.

You have to play the game to win!

[Iona]

[navyblue81]

I started selling on Friday and Monday. I also rebalanced by 401k on Monday to bonds from stocks. A 25% increase in just 2 months. I didn't switch to stocks at the bottom but I was lucky to sell at the top.

If the market drops another 10%-15% I may start buying stocks again and rebalancing the 401k again.

You have to play the game to win!

Everyone has their own strategy.

Rule #1 of mine has always been to buy low and sell high.

Rule #2 is to take advantage of good news before others do. It is why I've put a few $$$ in MGM, MRNA, and PENN this week.

[d2bets]

Could lose 2 months of gains within a week here boys. Easy come easy go. Support at 2850 I think.

[navyblue81]

AAL and UAL have really crumbled this week. Both down around 15% today and that’s after it already went down some 15-20% earlier this week. What a bloodbath this week has been.

[homie1975]

Could lose 2 months of gains within a week here boys. Easy come easy go. Support at 2850 I think.

first it was gona be a retest at 2200, then it was 2640 support, now it's 2850 support. see what you're doing? constantly moving the support point up ~10%

i like it. it means my orders between late Feb and mid april were good timing

[Shafted69]

Jerome's money printer is in the shop for repairs.

[zam77]

A zammer stock - ITOX

*disclosure... I have no fuking clue what I'm doing. GL

[homie1975]

Jerome's money printer is in the shop for repairs.

today got the Plunger Team's attention again. J's printer will be fixed very quickly.

[trobin31]

I just hammered TVIX, let’s gooooooo to the moon baby

[Shafted69]

Drumpf's goons won't talk new stimulus until July. I guess next couple weeks will be rough ridin'.

[KVB]

S&P busting through the lower bollinger band and even hitting the 200 day moving average, all in one fell swoop.

I suspect the buyers might keep it about here (currently about 3014) or help it rise a bit this last hour.

[navyblue81]

Yikes even Moderna stock plummeting now. I was sure that would go way up today after the good news this morning. Went from 65 down to 58 in the last few hours.

This is like a really bad dream today. My portfolio looks like the Shiekra drop at Busch Gardens.

[KVB]

Not going to take the time for a screen shot here but S&P continuing to fall, below the 200 MA and we are getting close to the most recent support line I've drawn.

We go under that line and we'll continue to fall. I'm talking to you S&P 2982 or so.

[SBR_Guest_Pro]

at least we know how fast and how high numbers can get to in the short term. Should give confidence to buy with it being this low again knowing a return will come at some point soon

[dlowilly]

Even with a bad second wave of Coronavirus it's not like consumers and businesses are going to obey restrictions this time around I wouldn't think

[d2bets]

at least we know how fast and how high numbers can get to in the short term. Should give confidence to buy with it being this low again knowing a return will come at some point soon

A return to what - the March lows? Anything's possible and nothing's guaranteed. Momentum is king and it's to the downside right now. I would expect further downside follow through tomorrow.

[homie1975]

A return to what - the March lows? Anything's possible and nothing's guaranteed. Momentum is king and it's to the downside right now. I would expect further downside follow through tomorrow.

yup and maybe Monday also and then the buyers return next week probably Wed to Friday in small waves

[CanuckG]

ride the wave boys

[homie1975]

Even with a bad second wave of Coronavirus it's not like consumers and businesses are going to obey restrictions this time around I wouldn't think

Zero chance of second shutdown. Zero Zero Zero

[homie1975]

SPX support point mid 2700s, my guess

[d2bets]

Zero chance of second shutdown. Zero Zero Zero

Zero huh? Perhaps not on a national scale but certainly locally and regionally very possible at some point. And it's only June. Let's talk in the fall. Many may be done with this virus but this virus is not done with us. Fact remains that it is not going to stop until 60-70% is infected or there is a vaccine. Wild card is just how many have already been infected, which we don't know for sure, but likely is only on the order of 5-10%.

[navyblue81]

Oh man. A second shutdown would be a nightmare. Like or hate Trump, if the virus gets worse again, he's cooked. He won't shut down...he'll just go down with the ship. But yes, governors and mayors can shut down their cities and states if things spike.

Here in Florida, it's getting bad again. We're up to 1,700 new cases a day now. Granted, there's a lot more testing, so that's one reason for the higher numbers, but it's still a gamble that we're lightening up on all these measures when the flu is picking back up. And it's summer! This is supposed to be the season the numbers go way down before the fall hits!

[grease lightnin]

Zero huh? Perhaps not on a national scale but certainly locally and regionally very possible at some point. And it's only June. Let's talk in the fall. Many may be done with this virus but this virus is not done with us. Fact remains that it is not going to stop until 60-70% is infected or there is a vaccine. Wild card is just how many have already been infected, which we don't know for sure, but likely is only on the order of 5-10%.

so you think only 5-10% have been infected, but 60-70% will? I guess you don’t believe there will be a vaccine, then?

[KVB]

Cases won't even force localities to shut down, but if hospitals get overwhlemed again, then we might have an issue.

Smaller areas can get overwhelmed, but if any large meto's do, then look out.

[d2bets]

Oh man. A second shutdown would be a nightmare. Like or hate Trump, if the virus gets worse again, he's cooked. He won't shut down...he'll just go down with the ship. But yes, governors and mayors can shut down their cities and states if things spike.

Here in Florida, it's getting bad again. We're up to 1,700 new cases a day now. Granted, there's a lot more testing, so that's one reason for the higher numbers, but it's still a gamble that we're lightening up on all these measures when the flu is picking back up. And it's summer! This is supposed to be the season the numbers go way down before the fall hits!

Of course. The shit would really hit the fan if hospitals start running out of beds or ventilators or PPE or employees. It didn't really happen in March - because of the shutdown - but that doesn't mean it can't happen. And it would be ugly if it did.

Trump seems to think covid will cease to exist if he stops talking about it. He's so over it.

[d2bets]

so you think only 5-10% have been infected, but 60-70% will? I guess you don’t believe there will be a vaccine, then?

Ph I think there is a decent chance there will be eventually, but probably not until into spring 2021 at the earliest. In the meantime, infections will continue. Some countries have basically stamped it out, but we haven't, and if we haven't yet it's not gonna happen. So it will continue until a vaccine. Ebbs and flows regionally and more spikes with most people being "so over it".

[KVB]

so you think only 5-10% have been infected, but 60-70% will? I guess you don’t believe there will be a vaccine, then?

Of course there won't be a viable vaccine, but it doesn't matter.

It will be released, barely tested, and the label will say it is untested and unreliable. This is because the virus has already mutated, even those producing a vaccine will admit that.

So in the end the release of a vaccine will be political, not actually functional. It won't need to be a working vaccine, they just need to declare an available vaccine and this whole thing is over.

[KVB]

...Trump seems to think covid will cease to exist if he stops talking about it. He's so over it.

This is absolutely correct.

When they say there is a vaccine, which we know won'y be reliable, then this is over.

Even if some hospitals get overwhlemed, it won't matter because the COVID crisis will be over as it won't get reported.

[navyblue81]

This is absolutely correct.

When they say there is a vaccine, which we know won'y be reliable, then this is over.

Even if some hospitals get overwhlemed, it won't matter because the COVID crisis will be over as it won't get reported.

Which is why I'm all in MRNA. If they end up being the vaccine winner, their stocks will go over 200% within a few months. So I'm holding and hoping. Thought today they would explode but it was just one of those days where no stocks went up, no matter what good news there was.

[trobin31]

Only one way to catch a bear boyz

https://etfdb.com/themes/leveraged-inverse-etfs/

[Goat Milk]

Everyone knew this week would be a blood bath

Like I said before airlines were skyrocketing and they literally have no business lol

They won't be making any money for months, and they're in serious debt

Penny stocks are all susceptible to crazy gains and crazy lows because 25 year olds all sitting at home gambling

[Goat Milk]

Which is why I'm all in MRNA. If they end up being the vaccine winner, their stocks will go over 200% within a few months. So I'm holding and hoping. Thought today they would explode but it was just one of those days where no stocks went up, no matter what good news there was.

More than 200%. But you're playing a guessing game.