Stock Market Today: March 23rd - 27th, 2020

Discussion in 'Stock Market Today' started by Stockaholic, Mar 20, 2020.

  1. T0rm3nted

    T0rm3nted Moderator
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    I think it was his wife? Could be wrong though.
     
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  2. Daniel Rizzo

    Daniel Rizzo New Member

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    I guess I’m not surprised, happy I shorted already. This is unreal watching it drop so fast right ?
     
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  3. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    glad i went short yesterday lol, wow. now the vix is having a normal reaction. it was wierd how it barely moved on the up days
     
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  4. turtle957

    turtle957 Member

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    right??
     
  5. rStock

    rStock Well-Known Member

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  6. Vdubman

    Vdubman Well-Known Member

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  7. T0rm3nted

    T0rm3nted Moderator
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    Still short the Dow. Debating whether to hold over the weekend.
     
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  8. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    ill probably hold on to my LABD since its a smaller position, and take off my SPXU, while i feel there is more downside to come, i never liked the idea of holding a short over the weekend.
     
  9. T0rm3nted

    T0rm3nted Moderator
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    If memory serves, shorts during this pandemic over the weekend have been money overall since bad stories come out every weekend about increases in cases and deaths.
     
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  10. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    you are correct, im just personally scared to do it lol.
     
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  11. Kristi

    Kristi New Member

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    Same here, another bloody Monday on deck????
     
  12. T0rm3nted

    T0rm3nted Moderator
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    I’ll probably close my position before the weekend to protect my gains. I do think it’ll be a bloody Monday though.
     
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  13. Vdubman

    Vdubman Well-Known Member

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    Thinking to sell some covered calls today near close
     
  14. StockJock-e

    StockJock-e Brew Master
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    Probably a good idea, but no telling what nonsense comes over the weekend.

    One thing for sure, the number of new covid-19 cases and fatalities are going to be higher.
     
  15. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    I probably will sell my PSQ before the close, I prefer not holding it over the weekend :p
     
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  16. turtle957

    turtle957 Member

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    Agreed, unfortunately. Entering this weekend I think all the obvious future events that could be priced in now have been, and the upcoming market activity will be dictated by the virus and/or our response to it as well as resulting ripple effects...which, unfortunately, I think means more potential for bad news than good since we're in uncharted waters now. The stimulus should help but you can't spend your way out of a pandemic. I'm expecting crazy volatility to resume starting Monday. Still don't know what that means for my investing strategies, though. Hope you all stay safe and healthy.

    Edit: had started another comment earlier and didn't realize I hadn't deleted it!
     
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  17. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Former resistance at 2500 turned into support today.
    And we did rally on bad news (3.3 million jobless) yesterday.
    Would not be surprised if we make it up to the declining 50 sma. As long as we hold above 2500...
     
  18. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Sold, we will probably hear more bad news, but with so much QE going on I wouldn’t be surprised to see this market rallying even with bad news :p
     
  19. Vdubman

    Vdubman Well-Known Member

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    So $JNUG before the bell?
     
  20. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    hmm, selling into the close, i dont know how i feel about that, makes me not want to stay short lol.
     

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