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Stock Market Today: August 17th - 21st, 2020

Discussion in 'Stock Market Today' started by bigbear0083, Aug 14, 2020.

  1. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    SPX hit new record high, time for me to start taking a little off the table. what an amazing run it has been over the past few months.
     
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  2. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    What a powerful tool QE is :p
     
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  3. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    DIX has been declining the whole month. Hit a low last tuesday of 39.8% and yesterday at 39.8%. DIX below 39% isn't a holy grail, but I've always used that % as time to move money off the table.

    Yes, this might be different with unlimited QE - but when the big boys aren't buying, it makes me weary.
     
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  4. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Chinese Internet ETF bouncing off the 50 sma
    [​IMG]

    JD breaking out after reporting yesterday morning
    [​IMG]
     
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  5. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    will be interesting to see the negative long term impact of all the QE. im sure many other feel the same way seeing as how gold has been insane this year.
     
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  6. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Record close for the SPX :eek: I don’t know if we had a record close when we had a recession ever before? :p
     
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  7. Vdubman

    Vdubman Well-Known Member

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    I saw an article somewhere saying by 2028 the national debt will be $79trillion. I wouldn’t doubt that if Trump gets another 4 years of Quantafinitive Easing. Easily could have $30tril when he’s done with the markets. The us debt will never go away with millennials coming to the table pushing boomers off. They are the last group of people who want to pay anything for anything and want everything free.
     
  8. A55

    A55 Active Member

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    Gen X probably said the same about Gen Y. Expectations of entitlement.

    Expecting everything for free probably started with the dotcom era, just before Millennials were conceived. Everything online was free. Free websites. Free information. Free entertainment. A bag of chips that gave you 10% more, for free. Free porn! Music and movies were pirated and shared online. And everywhere you went, there were free samples.

    Millennials got fee free trading on RobinHood. Fractional shares of whatever, without minimums. Old people were still calling their discount brokerage to buy no load mutual funds, with a $10,000 minimum investment.

    What really pisses me off? Millennials use hookup apps to get free sex. They are not buying dinner and drinks.
     
  9. Vdubman

    Vdubman Well-Known Member

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    when tinder IPO?

    On a side note it appears gold and silver again bounced off resistance for a 3rd time. Resistance keeps getting lower. Sounds like down trend here.
     
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  10. T0rm3nted

    T0rm3nted Moderator
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  11. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Nice move by TGT today :eek: Pretty safe to say TGT, WMT, and COST, etc are benefiting from the pandemic :p
     
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  12. T0rm3nted

    T0rm3nted Moderator
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  13. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    yea, mom and pops small businesses had to shut down for the most part while the big boys got to stay open, and they have surperior online options compared to their inferior comp. and to top it off, no one could take vacations, so that extra money probably got spent at the stores
     
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  14. bigbear0083

    bigbear0083 Content Manager
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    sorry a bit late to see this, logging in here for the first time in like a week.

    but i just wanted to answer this since i see no one else got back to you.

    anyway, fwiw, yes the spx has actually made new aths whist also in a recession. in fact it has happened 4 other times aside from this year.

    they are:

    february of 1961
    july of 1980
    november of 1982
    and march of 1991
     
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  15. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Hope you are enjoying the time with you uncle visiting Cy, thanks for getting back to me :) I am pretty surprised it has happened 4 times before already :eek:
     
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  16. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    BJ also up big since the pandemic, have never visited its stores before though :p
     
  17. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Pretty big come back from the market, futures were deep in the red overnight before I went to sleep :eek: Those momentum and growth stocks seem to be coming back, I have FSLY and were down pretty big, now just down about 1% for my position :p
     
  18. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Weekly jobless claims over 1 million again, but the story remains the same, this market could continue to go higher as long as the FED remains supportive with liquidity :koolaid:
     
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  19. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    TSLA now has a bigger market cap than WMT :eek:
     
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  20. T0rm3nted

    T0rm3nted Moderator
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