Stock Market Today: September 21st - 25th, 2020

Discussion in 'Stock Market Today' started by Stockaholic, Sep 18, 2020.

  1. Frankenstein

    Frankenstein Well-Known Member

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    If the SPX collapses to 3200 or 3210, it means adding in long--my theory says the price has to go back up at least to 3300 at some point
     
  2. Frankenstein

    Frankenstein Well-Known Member

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    I miss those on this website and the previous one who made some bizarre but fairly accurate predictions 70% of the time. The 30% being wrong could be argued as "par for the course," but they had some imagination, some insight and some excitement. Sigh
     
  3. Frankenstein

    Frankenstein Well-Known Member

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    The past couple of years here and the previous website seems like being a participant in "The Walking Dead" [I quit watching it a few years ago, though]
     
  4. Frankenstein

    Frankenstein Well-Known Member

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    I guess I came here in the past for some: 1. insight; 2. a challenge; 3. entertainment. But alas...
     
  5. Frankenstein

    Frankenstein Well-Known Member

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    At any rate, back to market issues. It seems the SPX is currently range bound between around 3210 and 3310. If that is correct, 3310 to 3340 is a solid buy zone
     
  6. I_am_so_siri

    I_am_so_siri Member

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    Its been forever since I posted here. Had to chime in and say I'm still at it. I just dont go on forums anymore.
     
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  7. kyleh2k20

    kyleh2k20 Member

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    I hear that @Frankenstein and wholeheartedly agree with you. I am not sure if any of you guys caught my post from yesterday here:
    https://stockaholics.net/threads/bigbear0083.10823/

    But even the site admin has been AWOL for quite some time now. I personally have missed reading his daily market stats and input in here. Just has not been the same w/o him. :(

    Hopefully it is nothing serious and we see him and some other old timers like @OldFart and others back again soon.
     
  8. T0rm3nted

    T0rm3nted Moderator
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  9. Frankenstein

    Frankenstein Well-Known Member

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    Oh, I didn't know about that. Interesting
     
  10. Frankenstein

    Frankenstein Well-Known Member

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    I missed the SPX 3210 collapse this morning. On the morning rally, I exited my long position from yesterday at 3235, hoping for a stronger re-test of the collapse. But, I decided to re-enter at 3225. A better position than yesterday. But, you have to be fast in your decision making. It's still early and so, there could another possibility. I shall add in if there is another collapse. I still believe in my theory which says that the market shall have to retest that 3300 level at least once more, at some point.
     
  11. Stockaholic

    Stockaholic Content Manager

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    hah, still here! just not on as much as before.

    sorry if i scared anyone with my lack of activity here lately ... honestly did not think anyone would actually notice or care lol.

    hoping to make a full return to the market sometime around year end or the new year.

    unfortunately, if i'm being honest with y'all's here, my mom hasn't been feeling very well, and i just had a passing in the family which has sidelined me from the market, and being online much...still try to get on at least a few days a week if i can, but it's been a struggle :(

    hope you all have been doing great and are killing it with your trades!

    and really good to see you back in here @Frankenstein missed ya bigly 'round here bud! keep up the good work! :)
     
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  12. T0rm3nted

    T0rm3nted Moderator
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    Sorry to hear @bigbear0083. Take care of yourself and your family first, that's what's important
     
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  13. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    SPX rejected at the day's pivot, not a good sign for bulls.
    Looking down to 3200 today.
     
  14. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Well the 34 ema is supporting in 5-minute chart
    [​IMG]

    The 34 ema in 5-minute chart rarely gets crossed twice in a day. Could happen today if the pivot is resistance, but right now that ema is supporting.
    Which way do we break out of 3249-3265? Thursdays are usually weak.
     
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  15. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Sorry to hear that Cy. Take care and we will see you again when you are ready
     
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  16. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Well there we go upward.
    I had a downward bias for today but we never made it to daily S1, the overnight/early morning low in futures held above it.

    Just not getting a spike in the VIX to really flush lower this week. It is staying elevated though, so looking like we'll see something in October.
     
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  17. T-Coonazz

    T-Coonazz Member

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    SPY about to hit the upper trend line and resistance.
     
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  18. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Reason for my downward bias is that was the bigger reward play imo.
    Without a break down, this week is just sideways trading after Monday's iitial gap down.
     
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  19. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    I was hoping for another flush down that would have flushed the bulls out :p Don’t think we are out of the woods yet, seems like the positive impacts from the FED are fading a little bit and the election uncertainty coming up, might need vaccine/fiscal stimulus news now to push this market higher :p Those FAANG stocks really got overbought and the valuations got a little bit extreme
     
  20. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Hope to see you posting more often :)
     
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