Daily Discussion - Main Discussion thread

Discussion in 'Stock Market Today' started by T0rm3nted, Feb 8, 2021.

  1. gtrudeau88

    gtrudeau88 Well-Known Member

    Joined:
    Dec 8, 2020
    Messages:
    713
    Likes Received:
    266
    Having a pretty good day. Fluctuating being up from .70%-.97%. Not as good as the day's DJIA but just ahead of S&P and way ahead of NASDAQ (which is in the negatives today)..
     
  2. gtrudeau88

    gtrudeau88 Well-Known Member

    Joined:
    Dec 8, 2020
    Messages:
    713
    Likes Received:
    266
    The nosedive has begun, mostly in DJIA and S&P. Nasdaq has been down all day so nothing new there.
     
  3. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,662
    Likes Received:
    4,684
    Slowly picking up some big cap tech stocks like AMZN, NFLX and FB, etc. Feel like the rise for bonds yields have to pause for a day or two pretty soon :p
     
    Rustic1 likes this.
  4. Rustic1

    Rustic1 Well-Known Member

    Joined:
    Jan 3, 2021
    Messages:
    1,143
    Likes Received:
    445
    You should know the bond yields have absolutely nothing to do with the markets. :D

    Noticing NASDAQ just puked up 3 months of gains, some stocks are on sale. I'm greedy, I want more blood before I get excited.
    :popcorn:

    Hanging out with my little red birdie and the hawks for now. :cool2:
     
    stock1234 likes this.
  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,662
    Likes Received:
    4,684
    I might be early but some big cap tech stocks start to look pretty interesting now :popcorn:
     
    Rustic1 likes this.
  6. Rustic1

    Rustic1 Well-Known Member

    Joined:
    Jan 3, 2021
    Messages:
    1,143
    Likes Received:
    445
    Longterm, if you buy in tiers you will be fine, you know the routine.

    I gotta get the most bang for my buck w my 200 dollar robinhood account. :D
     
    stock1234 likes this.
  7. sam_volton

    sam_volton New Member

    Joined:
    Jan 6, 2021
    Messages:
    8
    Likes Received:
    5
    I wish the whole money taken out from tech stock by investors go to Dji. The correction would come in next 15 days but I do not think it'd come before sp500 makes 2-3% return. Then the market will sell more as the bonds will join the rally. I think if the bond yields surpass 1.67.. Then we will see them reach higher. This would happen in April but before we reach up to April. We'll see the real correction. That is my idea and I hope it won't happen.
     
    stock1234 likes this.
  8. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    8,504
    Likes Received:
    3,305
    Tech showing relative strength. Have we found a bottom?

    upload_2021-3-9_6-56-46.png
     
    sam_volton likes this.
  9. spindr0

    spindr0 Active Member

    Joined:
    Mar 4, 2021
    Messages:
    103
    Likes Received:
    85
    If you compound that at 10% a year for the next 25 years, with $2k+, you'll be a wealthy man among those who sleep beneath the underpass on the interstate.;)
     
    Rustic1 likes this.
  10. Rustic1

    Rustic1 Well-Known Member

    Joined:
    Jan 3, 2021
    Messages:
    1,143
    Likes Received:
    445
    :rofl:

    I will just hold my BTC, CASH, draw my weekly dividend from TSLA and trade the trends. May not do the buying stocks thing anymore. Just me and my options. :D
     
  11. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,662
    Likes Received:
    4,684
    OK today is pretty much the exact opposite of yesterday. Growth is getting bought and value is underperforming. Guess bonds yields will continue to drive the action for awhile to determine whether value or growth will outperform. We get the CPI tomorrow and it could move the bonds yields a little bit
     
    T0rm3nted, Rustic1 and sam_volton like this.
  12. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    4,338
    Likes Received:
    3,384
    Strong finish by QQQ; bears have lost control for now.
    Still think % of stocks above 200 sma is too high to get a real long run, but market selloff not coming til next month imo.
    As whipsaw as last week was, SPY was up.
    Be careful what growth stocks you buy right now.
     
  13. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,662
    Likes Received:
    4,684
    Guess the real rollover won't start until value rolling over along with growth if yields continue to spike :p
     
    Rustic1 likes this.
  14. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    4,338
    Likes Received:
    3,384
    Yeah a lot of bank stocks (eg value stocks) have RSI over 80 right now. Another month of this, and value and growth will be primed to drop together.
     
    stock1234 and Rustic1 like this.
  15. Rustic1

    Rustic1 Well-Known Member

    Joined:
    Jan 3, 2021
    Messages:
    1,143
    Likes Received:
    445
    I have been waiting for the big KABOOM. then I might decide to go long on a few. Until then yall have at it.
     
    stock1234 likes this.
  16. TGInvesting

    TGInvesting New Member

    Joined:
    Mar 8, 2021
    Messages:
    12
    Likes Received:
    3
    • User warned multiple times
    All in on Tech
     
  17. Rustic1

    Rustic1 Well-Known Member

    Joined:
    Jan 3, 2021
    Messages:
    1,143
    Likes Received:
    445
    Another one bites the dust? :rofl:
     
  18. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    8,504
    Likes Received:
    3,305
    To be fair I used the warming system on that one. Accruing points increases suspension/ban times.
     
    Rustic1 likes this.
  19. gtrudeau88

    gtrudeau88 Well-Known Member

    Joined:
    Dec 8, 2020
    Messages:
    713
    Likes Received:
    266
    Looking forward to the open. My positions are quite positive so far.
     
    stock1234 likes this.
  20. Rustic1

    Rustic1 Well-Known Member

    Joined:
    Jan 3, 2021
    Messages:
    1,143
    Likes Received:
    445
    USER WARNED MULTIPLE TIMES. !
    Can I get one of those cool,neat thingys? :lauging:
    Much like Johnny Cash, I walk the line and dance the ring of fire.

    Had a nice rebound from the recent selloff, curious if we hold and move forward or retrace and get a better feel. Yields are cooling off but for how long.
     

Share This Page