Stock Market Today: August 31st - September 4th, 2020

Walmart Takes On Amazon Prime: Membership Program Will Deliver From Stores

https://www.npr.org/2020/09/01/9082...e-membership-program-will-deliver-from-stores

WMT up 6% today and we will see if it will win the bid for TikTok

 

My shares in BABA made a measly 3.8% today. Seeing a lot of +15% moves, particularly in cloud stocks like the WCLD etf thanks to one ER.
Big moves are possible with high VIX, but they can cut both ways. Or so gramps used to say. UVXY was up 2.6% today (rip TVIX).

 

HOME soared 20% into earnings and it is now down 10% after earnings, will be interesting to see how it does tomorrow

 

Looks like it is still going a little bit today

 

The SPAC names running hard today, SHLL, FMCI, and GRAF, etc. all up huge today

 

This market just keep going up everyday without pullback, amazing

 

I am long and I make more money if the market goes up, but it is still pretty ridiculous how far this rally is going when the economy is still not in that good of a shape

 

September looking like a continuation of August so far.

 

volatility still increasing with the market marking new ATH - This normally never ends well. The same thing happened back in early 2018 with a big blow out... I wonder what is going to be the tripping point this time around?

 

BTW... food for thought. The DIX just hit below 37%, which is the same percentage as back on 2/27

 

Remember ZOOM? Why did they change their ticker?

 

Looks like trump trying to put markets at ATH right before the elections.
Wouldn’t it be a pity if he lost (for longs).
On another note, metals and crypto took a beating today from that manufacturing data! Starting to recover some this evening.

Tesla getting recked since their top holder reduced their position by 1.3%.

And what’s with zoom. How do they make any money? Are businesses actually paying for their service?

 

The banks are strong early.

 

about time we had a down day like this

 

Two main subjects on #globalmarkets today as we are experiencing an increased risk aversion:
1. #SectorRotation (high flying techs selling off vs. financials outperforming)
2. #Overbought conditions (can be depicted by the Put/Call ratio reaching pretty extreme levels lately)

#stocks#trading#investing#daytrading#bonds#etf#assetallocation#nasdaq#assetmanagement#djia#nyse#markets#globalalphasearch#smartinvestingapproach

 

nasdaq down 4% and im still not tempted to buy anything....that is just how insane this rally has been, i need a continuation of today, i hope this isnt just a one day thing.

 

DIX seems to have been a good indicator here again - waiting for the GEX to go negative before I think about shorting.