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Discussion in 'Stock Market Today' started by T0rm3nted, Feb 8, 2021.

  1. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    QQQ is holding the month's low so far, just above the 50 ma also. That's my line to watch.
     
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  2. T0rm3nted

    T0rm3nted Moderator
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  3. stock1234

    stock1234 2017 Stockaholics Contest Winner

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  4. StockJock-e

    StockJock-e Brew Master
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    Bad news is always good news, until its not! :D
     
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  5. Rustic1

    Rustic1 Well-Known Member

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    Depends of which way you look at it. FREE money and low interest rates for the next 3+ years. DOW 50,000 :cool2: DOGE will be 50 bucks a coin by then :D People make more money drawing unemployment and the other free perks. :cool: The ARK funds will be back to the 20s :lauging:
     
  6. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Tech stocks rolling over again :eek: COIN having a pretty good day though :D
     
  7. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Selling into the close :eek: Let's see if value stocks can continue to keep this market afloat since tech is looking pretty bad. If value rolls over too then we might begin to see some trouble for this market :eek2: While the major indexes are near the ATHs, those buying individual stocks rather than the indexes or ETFs probably not really seeing their accounts that green lately unless they are really heavy in value and have almost no exposure to growth
     
  8. Rustic1

    Rustic1 Well-Known Member

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    Most of the buy the dippers are scratching their heads, it keeps dipping. :D
     
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  9. StockJock-e

    StockJock-e Brew Master
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    Ok this is good, $250 bottom for COIN so far?

    Lets see if that is the floor for now.
     
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  10. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    QQQ is probably going through the 50 sma tomorrow. See how this week finishes on Thursday/Friday.
    Major indices (Dow Jones, Nasdaq) are hugely divergent.
     
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  11. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    QQQ touched this trendline, see if it gets supported.
    [​IMG]
     
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  12. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Nowhere to hide today :p The banks, materials and industrials all going down today not just growth :eek2:
     
  13. StockJock-e

    StockJock-e Brew Master
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    You can hide in Valero energy ;)

    [​IMG]
     
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  14. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Yeah energy and big pharms did ok today I guess :p
     
  15. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    The trendline held today, but looking for a re-test in a couple days. Tomorrow might get an oversold bounce though.
     
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  16. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    A pretty nice bounce today, let's see if it can continue tomorrow :D Cloud stocks remain weak though, another red day for CLOU despite the market is pretty green overall :eek:
     
  17. T0rm3nted

    T0rm3nted Moderator
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  18. Rustic1

    Rustic1 Well-Known Member

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    Markets are playing the tug of war game. :lauging:
     
  19. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    A little bit of a pullback for this market today but a lot of those beaten down tech/smaller cap stocks actually did bounce today. IWM finished near HOD, we will see it is near the bottom for small cap/tech while those value stocks may not be such a great value anymore :p
     
  20. StockJock-e

    StockJock-e Brew Master
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    Seems that TSLA price is still being tied to BTC price now, maybe Elon buying more BTC cheap? :D
     

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