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Stock Market Today: June 20th - 24th

Discussion in 'Stock Market Today' started by bigbear0083, Jun 17, 2016.

  1. surfsup

    surfsup Active Member

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    Hmm watching the spread on emerging market bond ETFs like LEMB, EMB, etc is interesting - only about a 1% down in PM. I wonder if they will go north at the open. AG based commodities WEAT, JO, etc holding up fairly well so my longs are doing ok right now.
     
  2. OldFart

    OldFart Well-Known Member

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    I bought some lotto call options yesterday, towards the end of the day, thinking this was in the bag...def worthless now...lol
     
  3. surfsup

    surfsup Active Member

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    Miners are on fire. CDE set to open almost +9%! (I'm out, but I did ride it from $2 to $8 so I can't get too upset) wish I was still in though
     
  4. surfsup

    surfsup Active Member

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    POund hasn't traded this low in +20 years
     
  5. YLC

    YLC Member

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    My Buffett-like super long term holds will take a huge beating for a couple of years if things keep getting worse, but hoping the long-term holding method works in the long run. In the meantime, I have cash that I've been holding just for this type of correction/collapse.
     
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  6. HelloIDistance

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    Yeah I am buying today - great value....the question is what to buy LOL
     
  7. OldFart

    OldFart Well-Known Member

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    20 point bounce on the SPX....incredible
     
  8. surfsup

    surfsup Active Member

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    Got some AMZN, etc (fangs) and am starting to unload for a day trade. Then I'm going to just watch. Miners selling off the spike. Back to positive territory on some of my longs already. I admit my RGR ain't doing to well. I'm down 5% ($500) on that wondering if I should continue to hold. I keep telling myself gun stocks will do well in this environment. IDK anymore. $63,50 is a tough resistance to get over it seems.
     
  9. duck mich

    duck mich Member

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    the market is not down enough for a great deal, but you can get a good deal
     
  10. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Ditto on that. Long positions with good paying Divi's are good hold. I was a little low cash but I held the proceeds from 5 trades just in case Brexit sunk the markets.
     
  11. YLC

    YLC Member

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    Yeah. Took a page out of Buffett's playbook and got some of his top holdings. Dividends may get reduced, but at least there'll still be some.
     
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  12. OldFart

    OldFart Well-Known Member

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    red.png
    markets still red
    nice bounce though...
     
  13. Revan

    Revan Member

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    Amazing rebound here and abroad considering the overnight price action in foreign markets and futures, as well as the price moves running up to the vote.

    There seems to be pervasive attitude in the markets as of late to always buy the dip, no matter the cause or current fundamentals. Increasing my short position if SPY continues to rebound today.

    Eventually this blind buy the dip strategy has to fail, right?
     
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  14. StockJock-e

    StockJock-e Brew Master
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    US markets back to normal by Tuesday!

    Barring any major margin calls from big funds, we could be in the clear!
     
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  15. Tiptopptrader

    Tiptopptrader Well-Known Member

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    With the big banks doing good on the stress tests could give a boost when the Fed rules on them next week. I know BAC was up decently in AH yesterday on heavy volume
     
  16. OldFart

    OldFart Well-Known Member

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    LOL...they will continue to punish the Brits for this...I think several months....
     
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  17. surfsup

    surfsup Active Member

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    Anyone got any opinions on currencies? USD and Yen both up big today.
     
  18. duck mich

    duck mich Member

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    both put and calls are expensive
     
  19. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Maybe the Brits are taking out their loss in The War of 1812 on our markets :D
     
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  20. internationalstocks

    internationalstocks Active Member

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    American Football players trying to make a comeback :p I got some open short position so I hope this market heads back down again by next week. Since I have shorts open watch it shoot up.
     
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