Welcome Stockaholics!

We are a new and fast growing financial forum! Sign up for free and let's talk stocks!

  1. Do you want to help develop this community? We are looking for contributions from investors and traders like you! What stocks do you follow? What is hot right now? Sign up and get in on the ground floor of the newest, fastest growing financial forum!
    Dismiss Notice
  2. You will notice a live chat widget on the right. Click in to join us and lets hear about how you nailed that last UWTI trade!
    Dismiss Notice

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

Discussion in 'Stock Market Today' started by bigbear0083, Feb 21, 2020.

  1. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    7,046
    Likes Received:
    2,083
    That's what we thought yesterday when the rally happened... let's see what happens into the close.
     
    OldFart and stock1234 like this.
  2. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,100
    Likes Received:
    4,072
    Volatility will probably remain elevated for sure ;)
     
    OldFart likes this.
  3. rg7803

    rg7803 Active Member

    Joined:
    Apr 3, 2016
    Messages:
    327
    Likes Received:
    220
    This site is a porntube.com associate now, thats why the message :D ...
     
    OldFart and stock1234 like this.
  4. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,100
    Likes Received:
    4,072
    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:
     
    OldFart likes this.
  5. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    7,046
    Likes Received:
    2,083
    Bullish MA crossover coming for the SPX on the minute chart.

    upload_2020-2-28_11-7-54.png
     
    OldFart and stock1234 like this.
  6. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,100
    Likes Received:
    4,072
    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
     
    OldFart likes this.
  7. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,934
    Likes Received:
    1,754
    www.pornoholics.com?...
     
    stock1234 likes this.
  8. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,934
    Likes Received:
    1,754
    markets def bounced some..
     
    stock1234 likes this.
  9. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    21,420
    Likes Received:
    7,919
    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:
     
    stock1234 and OldFart like this.
  10. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,934
    Likes Received:
    1,754
    never a dull moment...lol
     
    stock1234 and bigbear0083 like this.
  11. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    21,420
    Likes Received:
    7,919
    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:
     
    stock1234 and OldFart like this.
  12. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    21,420
    Likes Received:
    7,919
    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.
     
    stock1234 and OldFart like this.
  13. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,934
    Likes Received:
    1,754
    they're def getting better at creating market panic than:
    Greece default
    China / US trade war
    and all the other BS stories they push
     
    stock1234 and bigbear0083 like this.
  14. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,934
    Likes Received:
    1,754
    The Simpsons got it figured out... :

     
    stock1234 and bigbear0083 like this.
  15. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    7,046
    Likes Received:
    2,083
    Another bullish crossover of the MA's on the S&P for the minute candles.

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

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,100
    Likes Received:
    4,072
    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
     
    OldFart and bigbear0083 like this.
  17. rando

    rando Member

    Joined:
    Apr 3, 2016
    Messages:
    37
    Likes Received:
    92
    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]
     
    OldFart, bigbear0083 and stock1234 like this.
  18. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,100
    Likes Received:
    4,072
    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
     
    OldFart and bigbear0083 like this.
  19. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,100
    Likes Received:
    4,072
    That was a pretty big spike right before the closing bell :eek:
     
    OldFart and bigbear0083 like this.
  20. rando

    rando Member

    Joined:
    Apr 3, 2016
    Messages:
    37
    Likes Received:
    92
    Did I say seven months were engulfed? Let's call that hyperbole :p
     
    OldFart, bigbear0083 and stock1234 like this.

Share This Page