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Stock Market Today: July 6th - 10th, 2020

Discussion in 'Stock Market Today' started by bigbear0083, Jul 2, 2020.

  1. surfsup

    surfsup Active Member

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    Still waiting to get outta my USO with a profit. Nearly there. When it hits $35 again I think it will hit $50+

    SUV drivers beware. Inflation is hitting and oil won't dodge this.
     
  2. Vdubman

    Vdubman Well-Known Member

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    No I think the printer is quite operational young apprentice
     
  3. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Don’t fight the money printer guys :D
     
  4. Vdubman

    Vdubman Well-Known Member

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  5. Vdubman

    Vdubman Well-Known Member

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    4A8D2EB7-066C-4FDE-851D-BF6526240821.jpeg
    Emperor Trump agrees
     
    stock1234 and T0rm3nted like this.
  6. bigbear0083

    bigbear0083 Content Manager
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  7. T0rm3nted

    T0rm3nted Moderator
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    Bullish crossover

    upload_2020-7-9_9-22-32.png
     
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  8. bigbear0083

    bigbear0083 Content Manager
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    man, the chinese market has gone ballistic :eek:

    charting the shanghai comp looks kinda similar to our nasdaq :p
     
    stock1234 likes this.
  9. rando

    rando Active Member

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    1929 crash analogue updated by TylerZH
    [​IMG]
    [​IMG]








    [ED: I give up, used imgur but it clearly does not work when I do it :(]
     
  10. bigbear0083

    bigbear0083 Content Manager
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    i gotchu :p

    thx for sharing!

    [​IMG]
     
  11. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Yeah seems like the Chinese markets are up everyday lately :p
     
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  12. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Chinese internet has really picked up, even better than the QQQ recently. Heiken-Ashi candles in this chart.
    [​IMG]

    3 days ago the Chinese government implored citizens to buy stocks.

    BABA is tempting. JD even moreso because it is closer to AMZN, while BABA is more GOOGL. But buying when the index is at the top of Bollinger bands feels like too much chasing right now.
     
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  13. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    We're running into downtrend resistance on the SPY - I think we're going to sell off over the next couple weeks. Colleges are now coming out saying fall sports will be impacted. If NCAA football is impacted that is a huge $$$$$ hit to big companies. I picked up some VXX $34 straddles for 8/21 this morning right before the sell off. I'm going to hold these for a while.
     
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  14. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Those mega tech names are getting so ridiculously big in this pandemic, MSFT and AAPL now at about 1.6 trillion market cap and AMZN at about 1.5 trillion :eek: With GOOGL at just over 1 trillion right now, I guess FB or BABA has the best chance to become the next one with both at around 700 billion market cap :D
     
  15. bigbear0083

    bigbear0083 Content Manager
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  16. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    stock1234 and Steven_Burt like this.
  17. T0rm3nted

    T0rm3nted Moderator
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    I just experienced this today on my way into work. Spotify app was working fine then randomly crashed and wouldn't reopen. Just crash after crash when I clicked the app.
     
  18. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    TSLAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

    everyone said the bull market after the last recession was the most hated bull market....im sure this run up off march lows has taken that crown. holy smokes, this run has been insane. ive never seen anything like this. in the face of all the bad news, these tech stocks are just going insane.

    i have been cautiosly optimistic. while im in on TSLA, MSFT, SQ, and FB. im still 35% in cash. it is very tempting to add more to these runners, but i already know this thing can come crashing down at any moment.
     
  19. T0rm3nted

    T0rm3nted Moderator
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    Pretty much right where I'm at as well. Basically same % in cash. LOW and AAPL been killing it for me. Scared to add more
     
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  20. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Yeah for the positions that I am adding lately, they are more of short term plays that I am ready to sell anytime. If you got in on March or April then I guess you can ride it for awhile :p
     
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