Stock Market Today: August 10th - 14th, 2020

Discussion in 'Stock Market Today' started by Stockaholic, Aug 7, 2020.

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How do you see the SPX closing for the week of (8/10-8/14)?

Poll closed Aug 10, 2020.
  1. Up.

    57.1%
  2. Flat. (+/-0.50% or less)

    0 vote(s)
    0.0%
  3. Down.

    42.9%
  1. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Bought back PENN at $47.05 after selling it at $30.48 for just 2% profit, good move so far despite I had to chase it at much higher prices :D
     
  2. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    SPX reversing at 338x again.
     
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  3. Vdubman

    Vdubman Well-Known Member

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    Silver on fire again today +6.8%
     
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  4. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    We probably end up finishing here ~3375 SPX, where we spent alllllll night. Let's see which way we break tomorrow.
     
  5. A55

    A55 Well-Known Member

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    Great product. Poor management.

    My local Johnny Rockets closed. The entire district closed. They managed to lose every location in a major metropolitan area. A lot wrong with the company. The only thing right was the food.


    A successful restaurant business has nothing to do with food quality. You just have to look at the local mall food court to see successful bad food. My eyes grow misty at the thought of so many good restaurants lost to bad management.
     
  6. A55

    A55 Well-Known Member

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  7. Vdubman

    Vdubman Well-Known Member

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    It appears global demand for Gold is dwindling. Discounting In asian markets are seeing $75-100/oz. It appears gold may have peaked for now.

    Congress is out for 2 weeks before they return for further stimulus talks. Markets will be fed based on money printing and back to school spending. Looking for a fairly sideways next two weeks in the markets or a slight drop.
     
  8. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Looks like Nasdaq is breaking down today.
     
  9. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Opened a SQQQ position (for today), now looking like QQQ is stuck between 271-272.
     
  10. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Looks like QQQ found support and isn't going to break that (right now).
    Opened SQQQ at 5.55 and closed at 5.49.
     
  11. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Retail ETF (XRT) nearing an ATH.

    Best Buy (BBY) reporting in a couple of weeks, imagine if this goes parabolic.
    [​IMG]
     
  12. Vdubman

    Vdubman Well-Known Member

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    How is a retail etf at ATH? Oh wait.











    waif for it











    waiiiiiittttt
     
  13. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    I guess retail sales will be back down in August without the extra $600 weekly unemployment benefits :p
     
  14. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    SPX bounced back a little bit to close flat for the day. Have a good weekend guys :D
     

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