Stock Market Today: June 19th - 23rd

finally back, looks like tech and biotech are getting hot.

 

Are we going to see oil below of $40 soon? Lately the market didn't seem to care about the weakness in energy until today. Biotech seems to be breaking out though, having a great day despite a red market

 

Seems odd that energy and transport are the biggest losers today... shouldnt they move oposite each other??

 

I guess it depends on what kind of business you are in. Low oil prices are good for the airlines but bad for those in transporting oil

 

very tempting to take a shot at that level, but last time i played oil, i got wrecked, lol.

 

Maybe they're saying demand is going down this summer....Fewer people flying (who wants to pay $400 to get beat up? Maybe for $100M like Conor) maybe they're predicting.

 

Man i know that story all too well!... Ive hauled everything from drill pipe to rig parts and frac components to rig fuel, frac fuel, gas treatment chemicals and compressor oils..... the people i associate with dont know the first thing about the stock market, but they could tell you the price of crude at any given moment!

But this transport ETF doesnt track any oil related companies... its all freight, with some airlines and railroads..... when oil goes down, all they feel is cheaper fuel costs.............. maybe theyre saying buy the dip in oil???

 

I dont care who ya are, thats funny right there!!!

 

hmm., TWLO looking interesting, can possibly fill the gap back up to 32

 

Seeing some hints at more volatility to come, perhaps? Market gave up the gains from yesterday's power up day. Looking at several indicies, you might even say we had a failed breakout. The next few sessions should be telling, but I wouldn't be surprised by a big down day tomorrow. Though, with this market activity lately, could just as easily have a big up day hah. I'm pretty heavy short though.

Edit: I'm wrong, the market didn't give up yesterday's gains, just the session's. Still didn't fill the gap.

 

FedEx beats by $0.37, beats on revenue https://seekingalpha.com/news/3274607?source=ansh $FDX

Maybe FDX will pull the transports up tomorrow

 

SPX gave up most of its gains from yesterday. It is summer and we could see more volatility due to lower trading volume. I personally would like to see more volatility

 

Nice little pullback today, but it would be even nicer if we could get a real pull back. Say, 5%?

When was the last time we had an actual 5% pullback? Seems like forever.

 

It would be great if that 5% pullback coincided with me holding a bunch of puts too.

 

I'm going to try Oracle and Carnival to the upside today.

 

amd, mu, twlo, opk all putting in work for me today, very nice!