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Stock Market Today: July 20th - 24th, 2020

Discussion in 'Stock Market Today' started by bigbear0083, Jul 17, 2020.

  1. kyleh2k20

    kyleh2k20 Member

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    Yo anyone know what ever happened to Cy (bigbear)? I’ve noticed he hasn’t really been posting much or active of late. I’m largely just a lurker around here but admittedly I have missed reading his daily market statistics and commentary. Hope he’s ok.
     
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  2. Vdubman

    Vdubman Well-Known Member

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    Nasdaq down and dow up?!? What’s going on here?
     
  3. T0rm3nted

    T0rm3nted Moderator
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    I think he's just overwhelmed between this forum, reddit, and the discord channel so he doesn't have much time for commentary besides just managing this place. Maybe @bigbear0083 can speak for himself?
     
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  4. bigbear0083

    bigbear0083 Content Manager
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    hah thanks for your concern :p

    i honestly i did not think anyone would either notice or care. i've been pretty much awol from the market ever since the 4th holiday. but i still do check into the forums daily, and still even run the stock competitions fwiw.

    as @T0rm3nted perfectly alluded to, i've been spending a lot of my time on the discord server the past few weeks. programming bots, etc, etc. that has admittedly taken up most of my time.

    much of the reason why i don't comment or post stats or whatever in these threads lately anymore is because, well, honestly the markets are just SUPER BORING to me right now... and i get it, we're in the heart of the summer doldrums period right now, so naturally things are just not very interesting atm.

    i'm still holding out hope, or at least a hunch of mine that i have that is going to be a very interesting and perhaps very volatile months ahead as we near closer to the presidential election.

    i'm not betting man here, but truth be told, i'd be extremely shocked if this market continues to remain range bound/choppy like this as we get closer to the fall.

    my honest hunch here is that this FED/QE-led rally that began in late march will finally reveal itself, and i'm leaning on a possible major market correction starting around september or thereabouts.

    again, i'm no betting man here so take whatever i say with a massive grain of salt lol.

    but, i think we could possibly see a repeat of this past march again in the fall. albeit maybe not nearly as severe.

    i won't lie, but i actually hate the market right now lol. nothing is interesting to me. everything is so over extended it isn't even funny.

    we'll see how much of what i think will actually materialize in a few months time. who really knows...

    anyway, that is just my 2c.

    sorry for this mouthful of a post, but i guess i needed to get that off my chest hahaha.

    hope everyone has been doing well! thanks to all of you who continue to contribute on these threads daily! you guys rock.
     
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  5. Vdubman

    Vdubman Well-Known Member

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    There goes silver, breaking out heavy
     
  6. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Seems like up 7%, what a day :eek:
     
  7. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Gold having a nice day too with the dollar tumbling :eek: Up almost 28% for my KGC position :D
     
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  8. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Today’s action is more like last week, overall market up but tech underperforming, biotech also down for the day for touching new ATH earlier today
     
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  9. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Bought a little bit of ACAD for a bounce, this thing is down over 18% for the day :eek:
     
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  10. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Futures are red right now, could get a big dip tomorrow if SPX falls below 3235.
     
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  11. T0rm3nted

    T0rm3nted Moderator
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  12. Vdubman

    Vdubman Well-Known Member

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    Investors piling into silver again today! I wonder if silver bugs will reach their 2008 highs since gold is almost there?
    Up 7% again for the day
     
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  13. Vdubman

    Vdubman Well-Known Member

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    Any insight why E*TRADE wouldn’t execute my stop limit or stop on quote when the price breaks? The underlying is now 9% below stop price and it was never executed. I’ve had this issue before many times on long positions.
     
  14. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Metals probably going higher until we see the declining number of coronavirus cases. If the Congress agrees to another massive stimulus later on, I could see the dollar getting hit a little bit and helping the metals too. We also have China tensions and the election uncertainty to help the metals a little bit
     
  15. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Not working out so well, still holding though :p
     
  16. stock1234

    stock1234 2017 Stockaholics Contest Winner

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  17. stock1234

    stock1234 2017 Stockaholics Contest Winner

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  18. stock1234

    stock1234 2017 Stockaholics Contest Winner

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  19. bigbear0083

    bigbear0083 Content Manager
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    been a while since i have dished out any market stats in here (sorry about that -- this one's for you @kyleh2k20 lol) but did you guys know that today marked the 48th consecutive trading day that the nazzy did not put in back-to-back red days? this actually ties the longest record, get this, in history!

    and, well, technically IS a new record, given that if even tomorrow ends down, that would only be 1 down day in a row since today closed green. so happy new record to the nasdaq there! holy cow.

    just when you think this market has made all the history, especially in the case of the nazzy, then you get some golden nugget like that one. :eek:
     
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  20. bigbear0083

    bigbear0083 Content Manager
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    this chart ain't mine, but just to give y'all's the quick visual of this record feat :p

    [​IMG]
     
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