Daily Discussion - Main Discussion thread

/NQ back to that 10900 level after hours.

 

/NQ staying down at that level today.
/ES resistance at 3750 right now.

How is an insurance company, LNC, down -32%?
For now I'm with State Farm.

 

Yeah I am surprised with LNC, insurance stocks actually have done pretty well, stocks like TRV and CB not too far off from their ATHs

 

Bought some GOOGL right before the close, couldn't resist Big cap tech has been getting hammered this week, looks like AAPL pretty much has lost all of its gains since its earnings

 

Yeah everybody talking about the October rally but QQQ really underperformed.
The Dow is best right now.

 

Any thoughts on AAPL @ 137.50 AH?

 

So both SPX and NDX have 4-day losing streaks coming into Friday.

And what is pretty amazing about that is the VIX is down during this losing streak.

Weird way to work down some overheated oscillators, but okay.

This morning had a big rally get wiped out, to the point where 5-day losing streaks are staring us in the face; and that can be very dire. I think the market will recover to finish today in the green.

 

So, it hit that 3900 level. And at around 3750 now. I'd like to see a test of that 3500 level again

 

Bought SPYG at $48.93, already up about 2% I am still not all that bullish on the next few months or so but I think we might get a relief rally after the midterm since it would be one uncertainty removing from the market. The China reopening is still a rumor but if it turns out to be true then it should help to push the dollar lower and it could be bullish for the market too.

 

China stocks exploded overnight, sometimes you catch a good one or two. Makes up for the one that didn't.

 

I Too am Not so Bullish for the Next Few Months.
Nevertheless, I am Still a Net Buyer of Stocks and Funds.

I Think it Could Certainly Test 3500, and Even Lower to 3000-3200 in January or February; after some more of these FED Rate Hikes.

-IndependentCandy14

 

Hoping it keeps following AMZN. I'm wanting back in if it cooperates.

 

Nice start for the bulls this week. Weaker dollar helping stocks again today it seems like. Before today I was thinking we will get a relief rally after the midterm and then we will see how the CPI turns out on Thursday, if we rally hard again tomorrow though then maybe the relief rally ahead of time rather than on Wednesday

 

CVNA getting hammered, this thing was trading at as high as $376.83 last year, now trading at $7.39

 

Dow Jones has been the strongest index. Nearing resistance into Election Night. Maybe time to take a break.

 

Another rally. A red wave probably is mostly priced in now and if the Dems do surprisingly well tonight then we might actually get a negative reaction. Anyway I think the focus probably will be shifted to the CPI on Thursday pretty quickly

 

Well no post midterm rally it looks like I was getting less confident with the post midterm rally since the market was rallying before the election and looked like the red wave was smaller. Anyway the focus should be back to the CPI tomorrow

 

"Beyond Our Ability To Help" - Binance Abandons FTX Deal; SBF Admits $8 Billion Shortfall, Bankruptcy Likely | ZeroHedge

 

QQQ melt up?!

 

What a day for the bulls Too bad I was a little cautious ahead of the CPI and I didn't really buy anything yesterday, still able to use this rally to sell some stocks that I have been holding for awhile for a little bit of a profit though If the dollar has peaked for the short term then gold and emerging markets might have some more upside from here.