COST green candles in bulk since Xmas Eve. But running out of gas as it tries to overcome resistance around $247 XRT is -2.2%
Well what a nice day for the market after some pretty nice earnings reports Now we are just about 7 to 8 points away from the new ATH for the SPX
Individual stock thoughts: ROKU and NFLX up nicely, on day when DIS gets upgraded. Kinda surprised NVDA is up today since Tesla announced they made their own chip for self-driving.
QCOM up another 5% today It was one of my laggards in my portfolio but now turning into the leader after the settlement news with Apple
looks like just missed new ATH intraday prints today, but barring a late collapse here into the close, looks like we'll still get a new ATH close today a great call from you @stock1234 from months ago when we were still in a correction and you were calling for new ATHs on the SPX at some point this year
It's shocking, and that thing keeps going. I thought a 20% intraday move by an $80B company was rare. Now it's 5 days above the Bollinger Bands and a $100B company.
Thanks Cy We get some big tech earnings coming up and if they don't disappoint, then we might see new ATH this week
...and it's official, first closing ATH on SPX since sept. remember, the correction at the end of last year never made it into an "official" bear market of -20% on a closing basis. it only made it to -19.8%, which means with today's new ATH close the bull market (the one that began in 2009) extends. this legit has a shot to eclipse the 1990s raging bull run for the longest ever. i believe we would need to avoid a -20% correction (on a closing basis) through march 2021 to make it official.
here's kind of an interesting chart i came across just now and thought to share in here. so it's taken about 4 months for the market to reclaim the highs off the lows, which seemed very quick, but as this chart below would illustrate, this is actually right around the norm, if the economy isn't in a recession. about 6 months is the average. the last notable correction when the economy wasn't in recession was in 2011 during the height of the debt ceiling fiasco that took the SPX very close to bear territory (almost exactly like 2018's). that one took just under 3 months to reclaim new highs. it's a whole different story when in a recession though, which can take up to 19 month to recover.
SNAP was +14% in after hours after their quarterly report. Now it's back to flat. Rare to see that big a move get turned back. Usually if it moves 7% one way, it's going to hold that direction.
SPY with a range of 85 cents so far today. Looking at it on an hour chart, it is just a flat line. RSI staying at 80.
Looks like the NASDAQ hit a new ATH today before pulling back Let’s see if the big earnings from FB or MSFT could push the market to the new ATH tomorrow
DPZ doing nicely after earnings I took profits yesterday and didn’t want to take a chance on earnings
50/50 chance if you would have stayed in. Better to get some profits than lose money. Good choice IMO.
