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Stock Market Today: August 31st - September 4th, 2020

Discussion in 'Stock Market Today' started by bigbear0083, Aug 28, 2020.

  1. stock1234

    stock1234 2017 Stockaholics Contest Winner

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  2. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    My shares in BABA made a measly 3.8% today. Seeing a lot of +15% moves, particularly in cloud stocks like the WCLD etf thanks to one ER.
    Big moves are possible with high VIX, but they can cut both ways. Or so gramps used to say. UVXY was up 2.6% today (rip TVIX).
     
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  3. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    HOME soared 20% into earnings and it is now down 10% after earnings, will be interesting to see how it does tomorrow :D
     
  4. T0rm3nted

    T0rm3nted Moderator
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  5. StockJock-e

    StockJock-e Brew Master
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    Nice!

    upload_2020-9-2_9-49-2.png
     
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  6. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Looks like it is still going a little bit today :D
     
  7. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    The SPAC names running hard today, SHLL, FMCI, and GRAF, etc. all up huge today :eek:
     
  8. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    This market just keep going up everyday without pullback, amazing :eek:
     
  9. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    I am long and I make more money if the market goes up, but it is still pretty ridiculous how far this rally is going when the economy is still not in that good of a shape o_O
     
  10. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    September looking like a continuation of August so far.
     
  11. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    volatility still increasing with the market marking new ATH - This normally never ends well. The same thing happened back in early 2018 with a big blow out... I wonder what is going to be the tripping point this time around?
     
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  12. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    BTW... food for thought. The DIX just hit below 37%, which is the same percentage as back on 2/27o_O
     
  13. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Remember ZOOM? Why did they change their ticker?
    [​IMG]
     
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  14. Vdubman

    Vdubman Well-Known Member

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    Looks like trump trying to put markets at ATH right before the elections.
    Wouldn’t it be a pity if he lost (for longs).
    On another note, metals and crypto took a beating today from that manufacturing data! Starting to recover some this evening.

    Tesla getting recked since their top holder reduced their position by 1.3%.

    And what’s with zoom. How do they make any money? Are businesses actually paying for their service?
     
  15. T0rm3nted

    T0rm3nted Moderator
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  16. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    The banks are strong early.

    upload_2020-9-3_3-59-22.png
     
    #36 anotherdevilsadvocate, Sep 3, 2020
    Last edited by a moderator: Sep 3, 2020
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  17. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    about time we had a down day like this
     
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  18. pawel

    pawel New Member

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  19. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    nasdaq down 4% and im still not tempted to buy anything....that is just how insane this rally has been, i need a continuation of today, i hope this isnt just a one day thing.
     
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  20. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    DIX seems to have been a good indicator here again - waiting for the GEX to go negative before I think about shorting.
     
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