Daily Discussion - Main Discussion thread

Chart is ready to break head and shoulders and downtrend in next few days up it goes. Also like ebay been buying there a lot.

 

Looks to bottom out on moving average the Dow. https://ibb.co/34ttZgf

 

Market looks to bottom should go up next few days. Oversold from last week.

 

Tech was the underperformer today, some sectors actually held up pretty well today

 

Specifically big cap tech. The equal-weighted QQQ (QQQE) was marginally up. The equal-weighted SPY (RSP) was +0.61%.

 

Got legs today. Looks good. Next few days should go up.

 

The market bouncing back today after some rather strong economic data this morning

Strong U.S. economic data challenges stubborn calls for a recession | Financial Post

 

Bounce today but QQQ is still leading to the downside. QQQ/SPY did not break downtrend even with today's bounce.


VIX got really low recently, looking for the market to regress on that.

 

UPDATE 2-US considering new restrictions on AI chip exports to China - WSJ (yahoo.com)

Looks like this news taking NVDA and AMD down after the bell

 

'Colachup,' a Pepsi-infused ketchup, coming to Comerica Park (freep.com)

Anyone here wants to try to Pepsi-infused ketchup lol

 

Pickleball is growing in popularity nationally, and Reno is no different (kunr.org)

I didn't know it is growing so rapidly lol

 

Bud Light offers Fourth of July rebate amid beer boycott (usatoday.com)

Long road to recovery for Bud Light it seems like

 

As far as attention getting advertisement....companies could do worse things like...Oh never mind.

 

I'll wait for the Coke-ketchup.

I always see people playing pickleball at the park, bringing their own net. One of the TV news shows tried to do a story that dead malls were being brought back to life by becoming pickleball courts.
Never played it myself, it looks like tennis-for-newbs.
Is pickleball bigger than cornhole?

 

Jobless claims tomorrow morning, and also GDP estimates. Those could turn the market back down.

 

I'm rolling with Ebay should break it's downtrend tomorrow. Hope we hear some positive news Jobless claims. GDP estimates are good.

 

Small caps (IWM) are keeping the market up.

 

Really going up today. Taking off now.

 

Thanks for the reply. It's moving up so far, since you posted this.

 

When the prior year was negative and the current year is up >10% (but <38%) in the first half (like now), the rest of year has gained at least 6% and an avg of 12%. Implies YE 4735-4985. The ATH is 4797.


ie if we have a normal second half, given this context, we will be ATH by end of year.