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: July 6th - 10th, 2020

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

  1. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,523
    Likes Received:
    4,336
    Playing the recent IPO LMND a little bit, up around 5.6% for my position and it has been very volatile, probably will sell ahead of the weekend :p
     
  2. dethfire

    dethfire New Member

    Joined:
    Feb 1, 2018
    Messages:
    11
    Likes Received:
    9
    I got out of AMZN at 2700 and now I'm killing myself. That is why I am not smart money :(

    I don't understand this market at all. I am all cash atm. Waiting for a correction, but will there even be one!?
     
    stock1234 likes this.
  3. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    7,379
    Likes Received:
    2,341
    Sucks you got out early, but I'm guessing you made some money. Focus on the positive.

    Nobody understand this market because it's not acting rationally at all. Money is being created out of thin air to prop it up, and will continue to do so until there's no longer a reason to do it. The correction is probably still 4 months away IMO.
     
    Steven_Burt, stock1234 and dethfire like this.
  4. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,523
    Likes Received:
    4,336
    OK got in RDFN for a trade after it is down big today :p
     
  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,523
    Likes Received:
    4,336
    The market is supposed to be a lot lower, but with the FED printing money like crazy, not sure if we will see a severe correction until we get real close to the election. We could see the market pulling back if Trump continues to fall behind of Biden in the polls
     
  6. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    4,034
    Likes Received:
    2,681
    Buying into the close.

    For Nasdaq,
    it has been up 10 Mondays in a row, and
    it has been up >1% five Mondays in a row.

    Noticing low volume today though (blue bar in lower left is relative volume).
    [​IMG]
     
    stock1234 likes this.
  7. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,523
    Likes Received:
    4,336
    Nice day for SNE :eek: I got in before the market selling off in March but looks like I have 4-5% profits for my positions now :D
     
  8. Ken34

    Ken34 2017 Stock Picking Contest Winner

    Joined:
    Apr 4, 2016
    Messages:
    1,770
    Likes Received:
    922
    with the 50 day passing through the 200 day on the spx , its possible we still have more room to run from here as crazy as it sounds. looking back at past big corrections, every time the 50 passed back through the 200, it ran for a bit more.
     
    stock1234 likes this.

Share This Page