Daily Discussion - Main Discussion thread

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

  1. Sundance

    Sundance Member

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    Smart... When it settles and legs up a lot of new money is going to hit hard. Or it could crash tonight, who knows.
     
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  2. Sundance

    Sundance Member

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    You bring up some great points. Glad you responded. Not sure if you remember dot.com bust or not, plus a few others, but I think some spent to much time trying to chart and guess what the market is going to do instead of following the tape. We still have some in the 2009 crowd that swears its way overdue for a correction and so forth. Obviously that has been proven to be hogwash. Now we have the Harry Dents preaching about the big crash of 2022. I learned a long time ago to ignore everything but the money and the tape. My take is once the fear of the yield spiking a nd the measly rate increases get digested, we will see major upside. "Moon Soon" is a term I use to poke fun at the youngsters that are playing in the markets.
     
  3. T0rm3nted

    T0rm3nted Moderator
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  4. Frankenstein

    Frankenstein Active Member

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    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
     
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  5. Sundance

    Sundance Member

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    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. :lauging: 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. :D
     
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  6. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    I am a bull but not sure if we are out of the woods yet short term with the inflation data coming up :D 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 :eek:
     
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  7. Sundance

    Sundance Member

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    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.
     
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  8. T0rm3nted

    T0rm3nted Moderator
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  9. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Sideways trading week (for general market) is starting to turn down.
     
  10. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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  11. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    ARK funds are down big, and SPX is actually above 4700 still.
    I wonder if they will survive the first half of this year?
     
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  12. Sundance

    Sundance Member

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  13. stock1234

    stock1234 2017 Stockaholics Contest Winner

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  14. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Yeah let's see if Buffett will outperform Auntie Cathie 2 years in a row, Berkshire shares are trading at near ATH :eek: I own some SARK shares as a hedge just in case if the market and these growth stocks are going to decline.
     
  15. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    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
     
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  16. stock1234

    stock1234 2017 Stockaholics Contest Winner

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  17. T0rm3nted

    T0rm3nted Moderator
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  18. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Well we made another run at the week's high, let's see if we get the drop now.
     
  19. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    When you're a bull and you buy puts on QQQ as it re-tests the week's high.
    upload_2022-1-13_5-55-21.jpeg

     
  20. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Airlines are doing great, BA helping the Dow today.
     

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