Stock Market Today: February 24th - 28th, 2020

Discussion in 'Stock Market Today' started by Stockaholic, Feb 21, 2020.

  1. T0rm3nted

    T0rm3nted Moderator
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    That's what we thought yesterday when the rally happened... let's see what happens into the close.
     
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  2. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Volatility will probably remain elevated for sure ;)
     
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  3. rg7803

    rg7803 Well-Known Member

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    This site is a porntube.com associate now, thats why the message :D ...
     
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  4. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Safe haven sectors getting hit pretty hard today, utilities, staples and real estates all down almost 3% :eek: Gold seems to be moving up or down in the same direction with equities today, usually it isn’t the case :eek:
     
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  5. T0rm3nted

    T0rm3nted Moderator
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    Bullish MA crossover coming for the SPX on the minute chart.

    upload_2020-2-28_11-7-54.png
     
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  6. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Profit taking in the coronavirus stocks. ZM, TDOC, APT, and LAKE, etc are all down :eek: SMH green for the day, the semi got hit really hard during the sell off
     
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  7. OldFart

    OldFart Well-Known Member

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    www.pornoholics.com?...
     
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  8. OldFart

    OldFart Well-Known Member

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    markets def bounced some..
     
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  9. Stockaholic

    Stockaholic Content Manager

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    haha, thanks, albeit that did not last very long ... looks like things are rolling back over again :p

    definitely unprecedented times we are living in right now

    i know the 2008 crash was up there as one of the worst ever on record for the market, but i honestly don't know if this is the fastest and largest pullback on both a pure point and percentage basis for the major indices on record. i am very interested to know if it is. i mean, we were just at ATHs last week! crazy i tell you :eek:
     
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  10. OldFart

    OldFart Well-Known Member

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    never a dull moment...lol
     
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  11. Stockaholic

    Stockaholic Content Manager

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    don't know where this goes from here...

    but i will stick to what i was saying from earlier this morning, that at some point we're just gonna have to bounce on a purely TA basis...just how oversold can you get in such a short amount of time? :eek:

    down -13% in a week? i mean, that's a lot just for an individual stock, but we're talking about the market as a whole here! can't remember having a week quite like this outside of maybe 2008 :eek:
     
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  12. Stockaholic

    Stockaholic Content Manager

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    10 year yields flirting with that 1%-handle all day ... was wondering if we'd see a sub 1% print today :eek:

    meanwhile, vix back to flirting with levels not seen since the 2015 china yuan devaluation correction.
     
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  13. OldFart

    OldFart Well-Known Member

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    they're def getting better at creating market panic than:
    Greece default
    China / US trade war
    and all the other BS stories they push
     
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  14. OldFart

    OldFart Well-Known Member

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    The Simpsons got it figured out... :

     
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  15. T0rm3nted

    T0rm3nted Moderator
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    Another bullish crossover of the MA's on the S&P for the minute candles.

    upload_2020-2-28_14-21-7.png
     
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  16. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    This morning didn't look like a bottom yet. The intraday bounce looked somewhat promising at first but it didn't last that long. The selling pressure seems to be dying down a little bit but I guess it is normal for the bears not to get too aggressive ahead of the weekend after such a nice week :p Futures on Sunday evening will be interesting to watch :D
     
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  17. rando

    rando Active Member

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    ZH talking about possible Fed intervention, their idea is money is basically free already, how is an emergency cut of 0.25 or 0.5 going to stimulate things in the face of this viral headwind?

    Stay safe
    Don't risk money you can't lose (hell I'm not risking money I can lose)

    None of us has seen anything like this. The 2008 crash got me into the market. This is keeping me OUT of it.

    Someone look at this chart's last two candles (SPY monthly) and let me know one good reason to get long here.Seven months engulfed.

    [​IMG]
    [​IMG]
     
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  18. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Nice bounce into the close, but probably some short covering rather than people all of the sudden decided to buy before the closing bell :p
     
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  19. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    That was a pretty big spike right before the closing bell :eek:
     
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  20. rando

    rando Active Member

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    Did I say seven months were engulfed? Let's call that hyperbole :p
     
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