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Discussion in 'Stock Market Today' started by T0rm3nted, Feb 8, 2021.
So, I entered long at SPX 4600 yesterday and exited at 4660 today for risk management and profit taking. Just going with my plan. Hopefully, there might be another collapse sometime today and then may re-enter long
Notice how the yield stabilized and now we are rolling strong. Learn to ignore the noise and read the tape. There is a clown on every corner preaching how the bubble is bursting and the market is crashing. Give a kid a chart he instantly becomes a analyst. Mess with the bull and you get the horns. The day the market crashes is the day the World markets collapse, some of these idiots in bear school didn't read that chapter. They are to busy seeking alpha.
I am a bull but not sure if we are out of the woods yet short term with the inflation data coming up There is little doubt that the inflation will be hot again but if it isn't as bad as feared then maybe we can rally again tomorrow
Agreed. Its going to be choppy, some of these companies are at fire sale prices. Lot of money is on the side waiting to pounce. We know how the yield curve can spook the market and we know to expect a minimum of 4 rate increases. I don't mean today or tomorrow but this year will be very strong.
I can see TSLA doing a forward split this year, they are going to have some shocking numbers that will be hard to ignore. Covid will unwind and we have mid terms to consider.
Sideways trading week (for general market) is starting to turn down.
Lululemon joins Walmart and Macy’s among retailers cutting store hours because of Omicron-induced staff shortages
ARK funds are down big, and SPX is actually above 4700 still.
I wonder if they will survive the first half of this year?
Yeah many people are calling out sick lately in my local area too
Yeah let's see if Buffett will outperform Auntie Cathie 2 years in a row, Berkshire shares are trading at near ATH I own some SARK shares as a hedge just in case if the market and these growth stocks are going to decline.
OK we still get the PPI data tomorrow, I still can't feel super bullish unless we begin to see signs of inflation starting to ease, we might still see volatility returning pretty soon. Big caps did okay today but small caps and those ARK names didn't fare so well
Jefferies shares down 9% after revenue falls short on capital markets headwinds - MarketWatch
Looked like it dragged names like MS and GS lower too when most bank stocks had a decent day
Well we made another run at the week's high, let's see if we get the drop now.
When you're a bull and you buy puts on QQQ as it re-tests the week's high.
Airlines are doing great, BA helping the Dow today.
Yeah looks like travel and value stocks are doing all right, tech selling off hard though and the ARK names just can't catch any break
I think instead of doggin' those who may have the opposing viewpoints of yours, and start the 'ole name calling like "clown" this, and "idiot" that, cause that honestly never helps anyone and is really pretty useless to the conversation here IMO. And just brings down the level of discussions bigly time IMHO. Just my 2c anyway.
It would be so much more meaningful to this thread at least, if one just explained their views with a bit more details (shouldn't really take too much efforts I don't think lol) that support their viewpoints. Instead of throwing out the name calling (not that I'm suggesting those name calls were directly aimed at me! I know they probably weren't but I'm just saying that generally speaking). I won't get into my own views here again to save me the time from typing it all out in here, as I did feel I clearly stated my reasons at least for the market for the short to medium term at least in my post here from the other night. But, even possibly for the full year as well.
It would be so much better this way for this thread in particular anyway, than reading posts like yours from the other day if you will lol.
Anyway, I'll just stop myself while I'm ahead right there cause I did admittedly feel like I needed to chime in here to settle that one at least. Thanks for hearing me out.
Meanwhile, just a little full closure for y'all's in here. I did end up shorting the Spuz at 4705. Albeit, I will admit it wasn't the greatest of trade locations for me to perfectly honest. Could have had waaaay better. But, truthfully I ain't gonna be a dick for a tick here cause I'll never top tick the doggone thing. Albeit, I did actually come kinda close once last year during one of those rare -5% dips that we had last year lol.
But again, the thing that really absolutely clinches things for me at least, and why i feel a bit more conviction for some good meaningful downside potential here is really all because of the FED and ONLY the FED for me. Not covid, or any other geopolitics, as that is mostly all just noise in the big picture for me.
It all really boils down to the FED for me at least, and if things shall hold true as we are hearing for this year, then I honestly don't really see how this market can just continue rippin' to the upside making ATHs seemingly on a daily occurrence, much like we saw last year anyway.
so, unless the FED takes decides to get up one day and take a dramatic U-turn in the other direction with policy. Then, think ima stay on the beary side of this market for now and will enjoy the ride down, which to me has be HELLA overdue for a loooong time now lol. We'll see how it goes eh.
Thank you, that is all.