Daily Discussion - Main Discussion thread

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

  1. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    AAPL has been flirting with falling through the 200 ma.
     
  2. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Wendy's planning 'surge prices' based on fluctuating demand (nypost.com)

    With the dynamic pricing model, the chain’s iconic Dave’s Single quarter pounder burger — recently priced at $5.99 at a Wendy’s in Newark, NJ — could increase by as much as $1 at lunchtime. Alternatively, during mid-morning and late-afternoon lulls, the price could dip below $5.99 by as much as $1, the Daily Mail reported.

    So maybe I can save a dollar in the future if I decide to eat at 2 pm instead of 1 pm lol :lauging:
     
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  3. stock1234

    stock1234 2017 Stockaholics Contest Winner

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  4. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Bitcoin running hard :eek:
     
  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    SNOW getting hammered after hours :eek: IONQ up a little after earnings, it is an AI play that not too many talk about
     
  6. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    LOL IONQ now sharply lower
     
  7. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Finally a pullback today, let's see if the dips buyers will step in for AAPL, GOOGL and TSLA later this week :D
     
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  8. bigbear0083

    bigbear0083 Active Member

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    finally indeed lol, tho still nothing too overly significant (yet).

    i think when things start to get real is when @Frankenstein checks in here. haven't seen him here since the last big pullback in the market.

    i think once the /es gives up that figure print 5k level will start to get my attention. for now, seems like just a healthy and much needed dip after a huge run higher.
     
  9. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Looks like NVDA not ready to take on that $1000 level yet, and that's what is finally halting this run.
     
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  10. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Yeah let's see if semiconductors stocks will stat a correction lol, maybe the money will move out of NVDA to buy AAPL and GOOGL or even TSLA :D
     
  11. Money123

    Money123 Active Member

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    Check PFE Pfizer out of red into green looks good rest of week.
     
  12. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Could be getting close to a longer term bottom here :eek:
     
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  13. Money123

    Money123 Active Member

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    Annual headline inflation was 3.2% last month, according to the Labor Department’s consumer price index, worse than consensus economist estimates of 3.1%, where it stood in January.

    Down we go today?
     
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  14. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    The market just ignored a hot CPI number today lol :eek: For now as long as we continue to avoid a recession and the AI growth story remains intact, I guess the market will hold up fine. We could get into trouble though if the economy begins to slow sharply or NVDA comes out of nowhere to lower their guidance :D
     
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  15. bigbear0083

    bigbear0083 Active Member

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    Nothing much ado in the markets lately… :yawn:

    Will admit nothing really looks that interesting to me right now at these nosebleed levels. I mean we’re only just a few handles off ATHs so..

    Wonder what catalysts can actually take this market for a dip. If a hotter than consensus inflation can’t do it..

    Absent something totally shocking outta left field, seems like no big pullback yet.

    Sell in May period approaching we’ll see if this market can actually sustain a dip longer than a day and greater than just -2%.

    As mentioned before, I won’t truly believe in a meaningful market dip until we see @Frankenstein back at it here again. :p
     
  16. Money123

    Money123 Active Member

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    Up we go with futures!

    February's producer price index rose 0.6%, higher than an expected increase of 0.3%. Investors were watching whether inflation is cooling fast enough to satisfy Fed policymakers and herald interest-rate cuts. That said, the market shrugged off signs of sticky inflation in Tuesday's CPI report and stuck to their hopes for a policy pivot come summer.
     
  17. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    SPY is now outperforming QQQ year-to-date. We are nearing the top of this bull market, looks like it will make one more run up. Market tops up to a year before the recession starts.
     
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  18. bigbear0083

    bigbear0083 Active Member

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    O/T post here - just thought I’d also make a quick mention of this here too in case my thread gets buried by the morning.

    I’ve opened up a community ncaa bracket challenge if any of you would like to participate.

    Please visit this thread linked below:
    https://stockaholics.net/threads/20...nt-bracket-challenge.12927/page-2#post-184025

    Hope we can get some good participation in there before the start of the tourney this coming Thursday!

    GLTA in the markets this week.
     
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  19. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Joined :D
     
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  20. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    I didn't really know SPY is now outperforming QQQ YTD until you mentioned it, definitely something to keep an eye on :hmm:
     
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