Same lol. But I got in a little higher at 37.70$. I dont know that we will see the bounce heading into the weekend BUT I do think we will see a bounce by mid- next week unless some bullshit happens over the weekend. This COVID variant and outbreaks is definitely making things a little more uncertain.
starting to wonder if we will actually do another repeat of 2017 again as i've been thinking since basically march. thinking that if we can get through this month, and then i guess the next 2 w/o any major downside in the majors, then november & december which are like favorable months seasonally/historically speaking for the market with turkey day and xmas, then should be pretty easy, and in the clear to avoid a full -5% pull in the SPX all year. this is ofc absent any totally out of left field black swans between now and then but so far so good lol btw, i know was initially thinking that maybe something more binary could come of the fed's jackson hole event later this month, but after that last fomc meet we just had, it sure seemed to me like tapering might be off the table entirely for this year. we shall see haha.
Yep tapering is less of a slam dunk with COVID cases going up now and the economic data is cooling off a little bit. Commodity prices also cooling off a little bit. Biggest potential black swan could be we will see lockdowns again or we see more tech crackdown from China.
PFE new 52 week highs and MRNA has the market cap well over 100 billion now Seems like you can't lose money lately by investing in these vaccines players
Biden calls on Cuomo to resign after bombshell sexual harassment report (cnbc.com) Cuomo is done I guess
I am seriously addicted to buying stocks. I need to stop. Todays BUYS: ALLY (Ally Financial), C (CitiGroup), BHG (Bright Health Group), WKHS (Workhorse), BLDE (Blade Air Mobility), LUV (Southwest Airlines) Not long-term holds. Maybe hold for a day or two and dump. BHG- Bright Health Group, in @ 8.17$ WKHS- Workhorse, in @10.52$ BLDE- Blade Air Mobility, in @ 7.18$ LUV- Southwest Airlines, in @ 50.43$
lookin' like 'twas a flash in the pan on that yellow move higher earlier this AM...it's given all of that back and then some haha. could be dollar (and bonds) related cause those saw some pretty dramatic moves at aorund that 10am eastern time frame. not sure if it was on the non-ism report which showed the strongest read on record apparently. meanwhile, crude's been comin' off pretty bigly recently. not sure what's up there. i know wednesday's are eia inventory report days. could possibly be related to some of that? i sometimes watch oil like a hawk cause that can at times be the tail waggin' the dog on the broad markets so-to-speak. when i see big moves like today there, it def. gets me to look under the hood to see what's going on, as that can sometimes be some kind of indicator of things to come. majors still barely off the ATHs here (nazzy basically hugging the flat line today). so, still largely in a chop. but, will be interested to see if the internals start to weaken further, and if that starts leading the majors lower. could be something, or could be nothing at all. we shall see!
Some momo stocks taking absolute beatings in tonight's ER: ETSY, ROKU, FSLY, LMND, ... The Fear & Greed Index is 26 today. McClellan Oscillator is negative again, and the Summation Index is approaching negative territory.
AMD unstoppable lately I wouldn't be surprised to see the upside to continue after seeing NVDA going up non stop for weeks before the split TSLA might be ready to make a move again after struggling for much of the year
XLU still off from its 52 week highs while other sectors have rallied massively. If the market begins to get more defensive and we aren't seeing much bounce for bonds yields, some utility stocks could have some decent upside from here
