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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    TikTok ousts Google to become favourite online destination

    The viral video app gets more hits than the American search engine, according to Cloudflare, an IT security company.

    The rankings show that TikTok knocked Google off the top spot in February, March and June this year, and has held the number one position since August.

    By July this year, TikTok had been downloaded more than three billion times, according to data company Sensor Tower.

    Food and recipe videos have become a key part of TikTok's success, with viral clips getting millions of views.

    As a result, in the US, a new food delivery service called TikTok Kitchen will launch in March, allowing people to order dishes originally created in viral videos.
    TikTok Kitchen is being co-founded by Robert Earl, who owns the US food outlets Planet Hollywood, Buca di Beppo and Bertucci's. He said about 300 TikTok restaurants are planned across the country for the launch, with more than 1,000 expected by the end of 2022. TikTok Kitchen will operate out of many of the restaurants belonging to the chains owned by Mr Earl.

    The menu will be based on the app's most viral food trends and will include courses like the baked feta pasta which was ranked the most searched dish of 2021 by Google.

    The Top 15, from https://radar.cloudflare.com/:
    1.
    tiktok.com
    Entertainment

    2.
    google.com
    Technology

    3.
    facebook.com
    Society & Lifestyle

    4.
    microsoft.com
    Business & Economy

    5.
    apple.com
    Technology

    6.
    amazon.com
    Shopping & Auctions

    7.
    youtube.com
    Entertainment

    8.
    netflix.com
    Entertainment

    9.
    twitter.com
    Society & Lifestyle

    10.
    pinterest.com
    Society & Lifestyle

    11.
    whatsapp.com
    Internet Communication

    12.
    instagram.com
    Society & Lifestyle

    13.
    yandex.ua
    Entertainment

    14.
    cloudflare.com
    Technology
    2
    15.
    verizon.com
    Technology

    Look at that, Whatsapp and Instagram, are not even Top 10. The Nowadays Kid doesn't give a whit about those places, it is all about TikTok. Can see the Pinterest is higher than Whatsapp and Instagram, you can see why so many want to acquire Pinterest.
     
  2. removedatuserrequest

    removedatuserrequest Well-Known Member

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  3. removedatuserrequest

    removedatuserrequest Well-Known Member

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    BTW, for anyone looking around for it, here is my official google spreadsheet to track the SCR (Santa Claus Rally) in real-time. That officially begins tomorrow.
    https://docs.google.com/spreadsheets/d/1k_RJjf-1hpGhQwqWQBMHoLajJwOubzFu84iCVrxQ-FA/edit?usp=sharing
    ^ (click on that link there to access my spreadsheet)

    It's gauged from the final 5 trading days of the current year, and the first 2 trading days of the new year. So, using Thursday, Dec. 23rd closing print as the starting point, and concludes at market close on Tuesday, Jan. 4th.
     
  4. removedatuserrequest

    removedatuserrequest Well-Known Member

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    Top of the morning Stockaholics! Happy Monday to all of you! And welcome to the final trading week of 2021 and a frrrrrrrrrrrrrrrrresh start! Here is a quick check on those futures as we are just over 4 hours from the cash market open.

    GLTA on this Monday, December the 27th, 2021. :thumbsup:

    1.png
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  5. removedatuserrequest

    removedatuserrequest Well-Known Member

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  6. removedatuserrequest

    removedatuserrequest Well-Known Member

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    Morning Lineup - 12/27/21 - Beginning of the End
    Mon, Dec 27, 2021

    Welcome to the beginning of the last week of 2021. It's been quite a year and while in some ways, it's ending just as it started, there's change afoot as we head into 2022. US futures are trading higher this morning and bitcoin is rallying and gaining strength as it trades back above $51,000. The economic calendar is light today with the Dallas Fed Manufacturing report the only release on the calendar. As one might expect given the time of year, there's not a whole lot of news driving markets this morning.

    While it didn't quite hit a new record on an intraday basis last week, the S&P 500 did manage to close at a new record high last Thursday making for the 68th record closing high in 2021. While the all-time record of 77 from 1995 is now out of reach, 2021 is guaranteed to rank second in terms of the most record closing highs in a given year.

    [​IMG]
     
  7. removedatuserrequest

    removedatuserrequest Well-Known Member

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    Although, I haven't really monitored the SCR (Santa Claus Rally) as much after 2018 happened. But, its always an interesting discussion around the family holiday dinner table sometimes for me hah.

    Let's see how this years performs. So far as it's off to a somewhat decent start as per futures indication this AM.

    Just a couple of charts I thought were worthy of a quick share in here that I stumbled across during my reads over this past weekend. I'll have to apologize in advance though cause I actually lost the source of where I found these. Was on Twitter.

    But anyway, the month of December has historically seen a late rally going into year end as the chart below would illustrate:

    01.jpg

    Historically since like 1950 the SCR (aka the last 5 trading days of the current year, and the first 2 of the new year) have been favorable for the market, notable exception being 2018 ofc lol.

    02.png

    Also since 1950, these next 7 days stretch have been some of the higher chances of ending positive for the full year.
    03.jpg

    The SCR has been widely gauged by Wall Streeters and the like, cause it is said to sometimes give clues on the market of the following year, as positive SCRs have be favorable for market the following year. This sorta broke down in 2018 though, hence it's spotty at best now so take with grain of salt as usual lol.
    04.png

    And on the flip side a negative SCR has sometimes brought out daa bears in the following year. The most notable being in 2007. And oh baby was that ever a dandy of a bear that following year hah.

    05.png

    We'll see how this one plays out. Again, I don't really put any weight on it for anything other than just bringing up as a sorta market statistic of sorts I suppose. Like to also discuss this with friends and family around the holiday. It's something to talk about, but not meant to be taken too serious.

    Hope you guys have a wonderful rest of the year!
     
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  8. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Looks like we'll be up. December going for a strong finish.
     
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  9. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    China rejects flight from US; blames the US airline system.
    https://apnews.com/article/coronavi...ss-lifestyle-1a5a48d6ced0821b8718f8fc46dbb920

    BEIJING (AP) — Delta Air Lines said Monday that new pandemic-related cleaning requirements at a Shanghai airport were behind the turning back of a recent flight from Seattle in midair.

    [here's what the US airline says] An emailed statement said the new mandates at Shanghai Pudong International Airport “require significantly extended ground time and are not operationally viable for Delta.”

    ...China tightens its already strict COVID-19 travel restrictions in the face of a growing outbreak in the city of Xi’an and ahead of the Winter Olympics in Beijing in six weeks. Xi’an reported more than 300 new cases over the weekend, a sharp rise from previous days. The city of 13 million people has been locked down, with only one person per household allowed out every two days to shop for necessities.

    [here's what China says] The Delta flight that turned back to Seattle last week left passengers with expired COVID-19 test results and U.S. visas, according to Chinese media reports. The [Chinese] consulate in San Francisco did not name Delta but said in a short statement Sunday that many flights from the U.S. to China had been delayed or canceled in recent days including a flight that turned back more than halfway to its destination. The consulate “had made a stern representation to the airline,” the statement said. [so even the consulate is getting in on the act, protesting what the airline did--not what the Chinese airport did while the flight was mid-air]


    Maybe the US won't even be able to send Olympic athletes over, after China was angered by the US saying it would not send its diplomatic heads there.
     
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  10. removedatuserrequest

    removedatuserrequest Well-Known Member

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    Haha ye, feel like that fat man in a red suit may have taken down a bit too many cookies and milk over the weekend. He's feelin' pretty jolly over there :p (kidding ofc haha).

    'Tis a nice nick kickoff to the final trade week of the year, but anything can still happen. Feel like if the market can just chop / range bound at these levels here to close out then year then we should be fine. Would be a bit ominous imo if the market just retraces 100% of this move back down tomorrow or this week. Certainly wouldn't be the end of the world, or the be all and end all to the market bull fo' sho, but personally wouldn't be too terribly encouraged if things just kinda fell apart after today. I don't feel too strongly about this just RYFOR'ing to year end here. We shall see.
     
  11. removedatuserrequest

    removedatuserrequest Well-Known Member

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    BTW, unless things just completely collapse into cash close today, this will mark the 69th closing ATH for the cash SPX today. Will be interested to see if we can get 70 (would just need 1 more closing high in the next 4 trading days to get it). Would be only the 2nd time in history that the SPX has closed with at least 70 ATHs in the same year. The other time? 1995 when it did it 77 times at the height of the dot com blow off haha. Still pretty doggone impress if this just stays at 69. What a year. :p

    1.png
     
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  12. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Santa Claus rally is going on it seems like :eek: I think those beaten down growth stocks might get some love at the beginning of next year to lead this market a little bit higher but volatility might be back in the middle of January :D
     
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  13. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    ARKK down over 1% for the day despite a pretty big rally from the SPX :eek: What a tough 2021 for Auntie Wood :eek2:
     
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  14. removedatuserrequest

    removedatuserrequest Well-Known Member

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    Top of the morning Stockaholics! Happy Tuesday to all of you! And welcome to the new trading day and a frrrrrrrrrrrrrrrrresh start! Here is a quick check on those futures as we are just about 3 hours from the cash market open.

    GLTA on this Tuesday, December the 28th, 2021. :thumbsup:

    1.png
    2.png
     
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  15. removedatuserrequest

    removedatuserrequest Well-Known Member

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  16. removedatuserrequest

    removedatuserrequest Well-Known Member

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    Morning Lineup - 12/28/21 - Green Again
    Tue, Dec 28, 2021

    After the 69th record high close for the S&P 500 yesterday, equity futures are pointing to a higher open again this morning which would be the fifth straight positive day. After a rocky first half of December, the last four days have put the index firmly into positive territory with 1%+ gains in three of the last four trading days and a gain of 0.62% in the one day where we didn't reach 1%.

    With the last four days of gains, it didn't take long for the S&P 500 to move back to what are generally considered 'extreme' overbought levels. As shown in the chart below, the S&P 500 made two brief trips below its 50-DMA in December (12/1 and 12/20) but has quickly rebounded. Moves like the last four trading days show how difficult timing the market can be. Even in a year where the S&P 500 is up 27%, nearly one-fifth of the year's gains have come in the last four trading days alone.

    [​IMG]
     
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  17. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Bought some SQQQ at 5.71 (when SPX was starting to dip below 4785). I set an alert if it goes below the day's low of 5.63.
     
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  18. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Don't think we will see anything too exciting for the next 2 days, let's see how we will start 2022 next week :D
     
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  19. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Well not much happening just as expected :eek: Tomorrow I will probably just get in a few positions to play for an early bounce in January for some individual stocks :D
     
  20. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    The beaten down stocks that I want to play for an early January bounce are all up pretty big today, looks like I should have gotten in yesterday :lauging: Those Chinese/ARK stocks are having a good day, I think they might do well in early January as long as we don't have a big selloff for the overall market.
     
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