Daily Discussion - Main Discussion thread

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

  1. stock1234

    stock1234 2017 Stockaholics Contest Winner

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  2. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    NVDA is simply going crazy lol, seems like mega tech names are helping to push the indices higher :eek:
     
  3. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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  4. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Market reaction wasn't too bad after a rather hot CPI data :eek: NVDA, MSFT and AMZN all in the green and as long as those mega tech names continue to do well, downside might be limited for the indices. A March rate cut looks pretty unlikely now but I guess as long as the economic data shows there is no US recession then the market should continue to hold up well at least for the near future.
     
  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

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  6. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Chinese stocks not doing well.
     
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  7. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    PDD is the only Chinese stock I would consider buying at this moment, at least Temu seems to be doing well :lauging:
     
  8. Rayak

    Rayak Active Member

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    It seems to me that the markets are making less sense and are more incomprehensible than ever!

    So far today, the Dow is UP 143 points, NASDAQ UP 96 points, SP500 UP 23 points (across all three, up approximately 0.5%)

    and yet

    DECLINERS 59% outnumber GAINERS 39% (implying 2% unchanged).

    For one day, this is not that unusual. But there seem to be an abnormally large number of discrepancies in the markets, increasingly so over time. Further fueling the speculation (some say fact) that the market is being manipulated, to the point of being RIGGED.
     
  9. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Small caps have been very weak lately. Such that they are negative this year, while SPX is hitting its all-time high today.
     
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  10. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Seems like AI/tech continue to push this market higher, SMCI having a crazy day while NVDA and AMD continue to surge :eek:
     
  11. stock1234

    stock1234 2017 Stockaholics Contest Winner

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  12. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    My best suggestion probably is not to touch any Chinese stock but I am getting a little tempered here for a shorter term trade, BABA is looking pretty cheap now and they might just need a little bit of good news to surge higher :eek:
     
  13. StockJock-e

    StockJock-e Brew Master
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    BABA could get cheaper!

    China is going to be interesting over the next 10yrs, not like the previous 10 thats for sure
     
  14. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Sure it can get cheaper and even a lot cheaper, I am still hesitant to play it even though I am tempered to do so :lauging:
     
  15. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Is DWAC going to be more valuable than Xitter?

    I'm back in BABA. If it can hold the low of this month, then it should easily make it back to $90, the pivot for 2024.
     
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  16. Money123

    Money123 Active Member

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    Check Disney looking to get legs over 96. Not Baba but legs too run.
     
  17. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Looks like you are making some money from BABA ;) Let's see if the Chinese stocks have bottomed at least for the very short term
     
  18. Money123

    Money123 Active Member

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    I just did the 50 year chart on Disney and hitting a bottom on uptrend great time to buy! Check thread. I see more up days in market.
     
  19. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Wow a pretty big selloff :eek: Don't know why the market has been betting on a March rate cut before today, just pretty much impossible when the economic data didn't fall apart.
     
  20. Andrew Peter O'Donovan

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    CYBR.. potential to be the next PANW
     

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