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Discussion in 'Stock Market Today' started by T0rm3nted, Feb 8, 2021.
Nice run by gold lately
GE +6%, good to see the ancient ones can still do it
That GE looks mighty appealing, crossed above the 34 month ema.
How's about some BBW love? Build-a-Bear Workshop outperforming probably all of your favorite stocks since the pandemic hit.
I thought you were talking about something else when you said BBW love
AMC up another 35% today WallStreetBets guys are back for sure
Beyond Meat (BYND) Joins the Meme Stock Party (yahoo.com)
Shares meat alternative producer Beyond Meat BYND spiked sharply in Thursday morning trading as r/WallStreetBets traders turned their attention to BYND. The stock closed up 12.5% after a wild day of trading.
In his “Real Money” column yesterday, Jim Cramer said BYND could be a good candidate for the next meme stock rally due to the company’s near-term potential, expansion of its deal with McDonald’s MCD, and the hefty 22% short interest in the stock.
speaking of "WallStreetBets" yours truly had a pinned/sticky thread on there all week long haha. first time that's ever happened for me in my 8 years on reddit ;p
also, i was approached by the head admin there about my earnings threads. might be lookin' to hook me up to join staff there we'll see hehe.
just a super quick reminder in here that the US cash markets are closed on Monday for the Memorial Day holiday. futures will open at their regular 6pm eastern time on sunday evening, but will then halt at 1pm eastern on monday, before resuming at 6pm eastern on Monday evening. hope you all have a wonderful long 3-day weekend ahead.
Congrats Cy, job well earned!
Not too sure about the rest of y’all’s in here, but man the market as whole sure has been one bigly ass bore fest this year thus far lol. Yes, I know, there have been a few individual names of late that have seen some nice moves in both directions. Sure. But I feel that’s pretty par for the course nowadays anyway. Nothing too out of the ordinary really.
That being said, I do feel like this choppy, sideways, range bound action we’ve seen in the majors for a good part of H1 thus far this year will probably persist into H2, absent of course something entirely out of left field that surprises everyone and their cousins. Either some black swan event, or something on the inflation front that would somehow force the FED’s hands to move on rates abruptly and swiftly.
Otherwise, I mean it sure does seem to me like it’s just going to be much of the same shit as we’ve seen all year so far. Which is basically stay the course, with a few 3-5% pullbacks along the way.
Net result on the full year? A hella mundane market! Lol.
Not sure we’ll hear much from the FED from now up until at least Jackson Hole in August... case in point, barring a black swan appearance it could be a pretty big snore fest out there for a while, especially as we enter the “summer doldrums” period.
(Btw, I’m reeeeeeeaaally hoping I’m absolutely dead wrong about all of the above! Cause I love market volatility just as much as the next dude. )
Kinda agree with this, feeling like many big name stocks will continue to trade sideways for the rest of the year. Consolidation after 2020.
But indexes are having a solid year.
Tuesdays have sucked this year. Saw a stat that 12-of-last-14 in SPX have been down; today was only nominally down but it was a big dropoff from where we started.
VIX is rather low right now. If we get a VIX spike in the next couple months, that could get the "Fear and Greed Index" to drop below 20 which would be a prime buying opportunity.
interesting quick bit of market stat here, which sorta supports my "mundane markets" hunch from last night.
evidently, the spx has had closes of 0.22% or less for the past 5 consecutive trading days.
last time it did that was nearly 4 years ago back on dec. of 2017, which yes, was also the year of one of the quietest years in market history where the spx didn't experience a -5% or greater pullback for the whole full year.
albeit, VIX today is much higher than it was then, but the spx up to this point almost the full 1/2 of the way through the year has still yet to pullback a full -5% from its highs.
i think if the market can get through the August through October period unscathed, then i feel there's a pretty legit shot something similar happens here again this year. of course absent the black swan.
not good if you're like me and like a little market volatility here and there lol.
Any lucky guy here bought some AMC lol