Stock Market Today: July 27th - 31st, 2020

ES trying to find support at 3200.

 

Tech really strong today let’s see how those big tech will do with their earnings after the bell

 

The dollar diving again after some pretty bad economic data this morning Weak dollar is probably good news for those multinational though

 

Mmm that $AAPL pick this week .

good article from over in the futures sub
https://www.ino.com/blog/2020/07/precious-metals-warn-of-increased-volatility/

Been watching platinum this week since it’s been lagging for a while. Took a big dump overnight and this morning to -7% and gold / silver held strong. Looks almost identical to February. Maybe @bigbear0083 will miss his bear drop we’ve been waiting for next week if he’s offline

 

I see gold got its $2005.40 print at 3AM

 

Watch out today.
1) Japan is down 1.30%
2) Foreign indices peaked on July 21
3) Futures traded very narrow range overnight (after spike in extended trading yesterday). They fell through that range on the open today.

 

Yea Apple up 5% for the day and was going to close my weekly position in the picking thread but it’s MIA right now. I’m seeing a selloff around an hour or so before the bell today. Platinum and Palladium are lagging again today

 

Still no deal for the stimulus package, the Senate recess starting after August 7th I believe, the market could react pretty negatively if there is still no deal by then People will lose $600 extra weekly unemployment benefits starting this week, they aren’t gonna spend as much most likely

 

OK can’t believe I sold PINS for 3% profit This thing is a monster today

 

PZZA has been a monster for me, bought at $38.78, now at $93.82

 

Oh man you sold PINS? At least congrats on PZZA.

This just in: AAPL, AMZN, and FB are carrying the market.

 

Yeah not too happy about it Thought it was a good idea not to gamble on earnings

 

Market rallying into the close and into the weekend

 

Another red day for INTC This thing never recover after its earnings report last week