Daily Discussion - Main Discussion thread

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

  1. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    4,333
    Likes Received:
    3,380
    Starting to pullback, looking ahead to Santa Claus rally in a couple of weeks.
     
    stock1234 likes this.
  2. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,592
    Likes Received:
    4,622
    Hope so, I want another rally that would allow me to close more positions by EOY before the market will begin to go down again in Q1 2023 :D
     
  3. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,592
    Likes Received:
    4,622
    The banks are selling off hard, BAC is down big 2 days in a row :eek:
     
  4. Spud

    Spud Well-Known Member

    Joined:
    May 6, 2022
    Messages:
    627
    Likes Received:
    293
    If anyone follows the yield curve and inversion that is most likely why. Historically it means the obvious signs. Sum Ting Wong
     
    stock1234 likes this.
  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,592
    Likes Received:
    4,622
    MDB doing well after earnings :eek:
     
  6. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,592
    Likes Received:
    4,622
    The energy (oil) trade might be done unless China is reopening their country quickly :eek:
     
  7. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    4,333
    Likes Received:
    3,380
    I've been watching oil and noticed it wasn't getting off the floor recently.
    But Cramer had a technician (Carly Garner, the Nov 22 show) that said oil would recover in January, it was a seasonal thing.
     
    stock1234 likes this.
  8. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,592
    Likes Received:
    4,622
    China PPI and CPI just came out and they pretty much matched the estimates, now we will see the PPI in the US tomorrow morning :eek:
     
    anotherdevilsadvocate likes this.
  9. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,592
    Likes Received:
    4,622
    The PPI was hot, doesn't bode well ahead of the CPI next Tuesday :popcorn:
     
    anotherdevilsadvocate likes this.
  10. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,592
    Likes Received:
    4,622
    Pretty big selling into the close :eek:
     
  11. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,592
    Likes Received:
    4,622
    Pretty interesting we are seeing a nice rally going on just ahead of the CPI and the FOMC :eek:
     
    IndependentCandy14 likes this.
  12. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,592
    Likes Received:
    4,622
    TSLA continues to roll over here, not really following the overall market higher :eek:
     
  13. sam_volton

    sam_volton New Member

    Joined:
    Jan 6, 2021
    Messages:
    8
    Likes Received:
    5
    what are your guy's expectations for core CPI ? Santa rally or going down again ?
     
    stock1234 likes this.
  14. sam_volton

    sam_volton New Member

    Joined:
    Jan 6, 2021
    Messages:
    8
    Likes Received:
    5
    sold crypto after that pump, thx CPI
     
    stock1234 likes this.
  15. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,592
    Likes Received:
    4,622
    Slightly leaning bullish for rest of the year but I am bearish for Q1 2023., I could be dead wrong though :p The FED announcement tomorrow could be the last big market mover before we move to 2023 :D
     
    sam_volton likes this.
  16. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    4,333
    Likes Received:
    3,380
    Guess we had to go back to fill the gap today. Bears got lucky.
     
    sam_volton and stock1234 like this.
  17. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,592
    Likes Received:
    4,622
    SPY up less than 0.4% now, let's see if we can hold onto the gains :eek:
     
    sam_volton likes this.
  18. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    4,333
    Likes Received:
    3,380
    Stocks took a dip back to where the week started; bouncing back now.
    The week's high was made in extended hours (CPI data came out pre-market).
     
    sam_volton and stock1234 like this.
  19. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,592
    Likes Received:
    4,622
    Huge volatility and not surprising on the FED day :eek: I didn't do much since I was watching the World Cup match but I did manage to sell MRNA in my short term trading account, still holding shares in my longer term account though since I got in at $29.66 :D
     
    sam_volton likes this.
  20. sam_volton

    sam_volton New Member

    Joined:
    Jan 6, 2021
    Messages:
    8
    Likes Received:
    5
    short, short and short.
     
    stock1234 likes this.

Share This Page