Here is a different analogue to various bear market rallies from the past and how it compares with the rally off the March lows (whatever we should call it).
Luckin shares to be delisted on Monday June 26 (Reuters) - Luckin Coffee Inc(LK) said on Friday Nasdaq Inc notified the Chinese coffee chain that its shares would be delisted at the open on Monday. Luckin's shares, which have lost more than 85% of their value since the company announced an internal investigation of some employees fabricating sales, tumbled 25% in trading before the bell. The Chinese company received a second de-listing notice from Nasdaq earlier this week after it failed to file its annual report.
LK halted at open due to volatility.....i guess there will be a ton of panic selling once this thing resumes lol
All these dips keep bouncing off the 200d sma. If we get a good selloff below I think it triggers a bear market. Tested it twice now.
Texas putting restrictions back on because of their COVID-19 spike. Honestly didn't expect that they'd act on it.
ive always been a believer if you keep testing a level, whether it be support or resistance, you will eventually break it.
All signs point to short term market peak. DIX was at 39% yesterday, GEX is low indicating we could accelerate downwards. Also concerning is we are reaching a point of diminishing returns/capacity on fed intervention and stimulus relief at a time when cases are rising. Whether you believe COVID is overblown or not, the curve not being flattened in the summer was never priced in.
no crash until sept./oct. por favor. keep this fed induced market propped up for just a few months longer. please and thank you
Hopefully this is allowed. Shorted LK first thing in the morning. I use a professional trading software which allows us to buy the right to short restricted stocks by the way. Will post here more often going forward!
Yes it's a platform that is not well known. It's call PPRO 8. Has been around since the early 00's. Not popular due to Swift Trade affiliation but it is EASILY the best platform I've used since I started trading in 2015! I don't wanna sound like and advertisement for them though so I will leave it at that. The chart is from trading view though because their charting software is trash haha.
It is sad to see we aren’t able to contain this virus even in the summer, could be even harder in the fall Here in Hawaii we are averaging about 15 to 20 cases per day, I guess not so bad but we are a small state and you can’t get here unless you get on the plane. I do see some people lacking some discipline here, not wearing masks and not really practicing social distancing. Banks stocks really getting hammered today I guess they are taking hit due to the stress test results and the outlook of the economy is looking worse with the spikes in cases
Thanks! Big fan of the community and the advice. Never been an active trader, but with the volatility there's just so much opportunity. This forum has been so helpful in navigating that.
