Stock Market Today: July 6th - 10th, 2020

If SPX closes red, we get a retrace to 3015 to test triple support.

 

if we go back down there this soon again, i dont think it will be a test, will prolly break.

 

WMT up 6% in a red market, I guess there is some news that I missed about it

 

I hear they are starting Walmart+, with same-day(1-day?) delivery for online shopping and early access to some sales, and....honestly I didn't think it was so great. The Walmart website is garbage.

 

Man I hope you are right about this I have been adding shorts this whole run up. I know... "but the FED" , But this is just stupid. ATH's in the middle of a recession, and the low hanging fruit has been picked for jobs. It's a slog from here on out for jobs imo.

 

I say we break 3122.75 and we quickly see 3002.50. Yesterdays run up had me questioning my thesis but today negated yesterday. Let's get this party started already lol. Fingers crossed.

 

i would say there is decent support between where we closed today and 3050. so if its really going lower, would have to combat that level first imo.

 

Let's see how that printer operates tomorrow. Wednesdays are down days typically.

 

Keep an eye on PAAS, now generating income from Gold as well.

 

J Pow came ready for the party today. I think I can hear the brrrrr from my office right now.

 

Woot! Silver breaking $18.50 resistance and running again!!!

$25 here we come

 

uh oh I think he got a paper jam

 

small caps peeked red there for a second. They are definitely lagging the 3 bigs.

 

The Chinese internet stocks are red hot lately, both BABA and JD up big

 

as well as LKNCY

 

GDX hit 52 week highs with gold now well above 1800s GLD still well below the ATH that it hit in 2011, but we could get there if the pandemic and the money printing drags on

 

Seems like NVDA has a bigger market cap than INTC now INTC has really been lagging when other chip stocks were rallying hard

 

SNAP and TWTR both up big

 

I like MAG better. The miners have been better than gold lately.
Look at Great Bear, Kirkland Lake 3 and 5 year charts. So many names to talk about.
NSRPF is going to break out soon it will likely be a +$100 stock in 5 years, trading sub $3
So many choices! Good luck and stay safe friends.