Correction, I'm down for the day so likely so will be my week. I wrote to the Pope back in November and I thought I made it clear to him that down weeks should violate the precepts of Catholicism but I guess either he blew me off or wall st. doesn't pay attention to him.
oh neato. my pre thread on r/stocks made it to the second top voted (excluding the green stickies) thread on that sub this AM. might mean more than when i had top vote on WSB, as i feel r/stocks is a much more respected stock reddit community, w/o all the memes and shitposts lol. edit: whoops guess i spoke too soon there. it just turned top voted now lol.
whelp, finally getting some nice weather around my area, after a week worth of icy and nasty weather! was pretty fortunate to not have lost any power this week, unlike some folks i know who did down in texas. anyway, going to be wrapping things up early here, and hit the outdoors as i've been cooped up in the house all week long due to the weather. hope all of you have a wonderful rest of your friday! and a great weekend ahead! ps - btw chris got your pm from the other day but didn't get a chance to reply back yet. will try to get around to it this weekend! thank for all the great contributions from all of you in here this week as always!
Rates are going up and commodity is surging Probably not great for the market unless the economy is super hot Buying a little bit of BAC at $34.39 to see if rates will continue to rise and reducing my tech holdings a little bit
If it makes you feel better, I got my tiny profit out of IRBT and sold at $87.65. $125.70 is what I see now
Its a traders market, tree shaking at the finest. Lots of stops get took out. A profit is a profit though.
Yeah I was pretty defensive all day long and was looking to reduce my holdings, thinking the market could pull back a little further next week if rates keep rising. Well I guess I just need to be patient, I might get back in if there is a pullback
Choppy waters ahead. Need to lure all the new money in before some major profits can be realized. Follow the facts not the news.
Hi there, hoping you all are having great weekend. Just a quick question: I found this broker, never heard of them before, does any of you work w/ them, are they good/bad/trusty etc? https://www.firstrade.com/content/en-us/welcome Thank you all.
Never heard of them. But sounds like Robinhood so it sounds like it could be legitimate. Except they give 2 free stocks instead of 1.
I have the feeling this gap down could be the low for the week. The indices will be near support levels here. Or is this going to be the 5-10% pullback now? What do you think?
Morning Lineup - 2/22/21 - 52-Week Highs...In Treasury Yields Mon, Feb 22, 2021 It's looking like it's going to be one of those Mondays this morning. Treasuries are trading higher this morning while equities are looking to open moderately lower. Bitcoin, meanwhile, is down over 8% after Elon Musk said over the weekend that prices 'seem high'. That's enough these days. In economic news, the only two datapoints on the calendar this morning are Leading Indicators at 10 AM and Dallas Fed at 10:30 AM. Earnings season is unofficially over, but there's still a number of key reports to contend with after the close and over the next few days. Make sure to track them all in our Earnings Calendar. As the pre-pandemic days start to fall further in the past, one-year charts of various financial assets are starting to look a lot more different. Take the yield on the 10-year US Treasury. Along with the fact that yields are rising, the higher levels of rates from before the pandemic are falling out of the one-year window. Through that combination of events, today's yield of 1.3721% would mark a 52-week high on a closing basis. It's been a while since we've been able to say that! As if the chart doesn't look interesting enough now, wait until late March when the down leg falls completely out of the picture.
Yep, that's near the current ceiling, I'd have said a few points higher at 3880 on the futures, but for now the short-term downtrend from the latter half of last week is intact. S&P E-mini futures 2-hour sticks:
