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: June 22nd - 26th, 2020

Discussion in 'Stock Market Today' started by bigbear0083, Jun 19, 2020.

  1. rando

    rando Active Member

    Joined:
    Apr 3, 2016
    Messages:
    47
    Likes Received:
    108
    Here is a different analogue to various bear market rallies from the past and how it compares with the rally off the March lows (whatever we should call it).

    [​IMG]
     
    bigbear0083 likes this.
  2. Ken34

    Ken34 2017 Stock Picking Contest Winner

    Joined:
    Apr 4, 2016
    Messages:
    1,765
    Likes Received:
    913
    Luckin shares to be delisted on Monday

    June 26 (Reuters) - Luckin Coffee Inc(LK) said on Friday Nasdaq Inc notified the Chinese coffee chain that its shares would be delisted at the open on Monday.

    Luckin's shares, which have lost more than 85% of their value since the company announced an internal investigation of some employees fabricating sales, tumbled 25% in trading before the bell.

    The Chinese company received a second de-listing notice from Nasdaq earlier this week after it failed to file its annual report.

     
  3. Ken34

    Ken34 2017 Stock Picking Contest Winner

    Joined:
    Apr 4, 2016
    Messages:
    1,765
    Likes Received:
    913
    LK halted at open due to volatility.....i guess there will be a ton of panic selling once this thing resumes lol
     
    Vdubman likes this.
  4. emmett kelly

    emmett kelly Well-Known Member

    Joined:
    Dec 21, 2017
    Messages:
    829
    Likes Received:
    431
    man, LK is on my watch list, too. whew!
     
  5. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    7,293
    Likes Received:
    2,268
    Playing this support level again, just like yesterday

    upload_2020-6-26_9-37-23.png
     
    bigbear0083 and Steven_Burt like this.
  6. Vdubman

    Vdubman Active Member

    Joined:
    May 2, 2016
    Messages:
    387
    Likes Received:
    234
    All these dips keep bouncing off the 200d sma. If we get a good selloff below I think it triggers a bear market. Tested it twice now.
     
    Steven_Burt likes this.
  7. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    7,293
    Likes Received:
    2,268
    Texas putting restrictions back on because of their COVID-19 spike. Honestly didn't expect that they'd act on it.
     
    Steven_Burt likes this.
  8. Ken34

    Ken34 2017 Stock Picking Contest Winner

    Joined:
    Apr 4, 2016
    Messages:
    1,765
    Likes Received:
    913
    ive always been a believer if you keep testing a level, whether it be support or resistance, you will eventually break it.
     
    Vdubman, bigbear0083 and Steven_Burt like this.
  9. Footyislife

    Footyislife New Member

    Joined:
    May 1, 2020
    Messages:
    2
    Likes Received:
    6
    All signs point to short term market peak. DIX was at 39% yesterday, GEX is low indicating we could accelerate downwards. Also concerning is we are reaching a point of diminishing returns/capacity on fed intervention and stimulus relief at a time when cases are rising. Whether you believe COVID is overblown or not, the curve not being flattened in the summer was never priced in.
     
    WizTech, Vdubman, Steven_Burt and 2 others like this.
  10. Steven_Burt

    Steven_Burt 2019 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    1,048
    Likes Received:
    691
    Yeah, I usually look for the third tap. Had a mentor that always said two taps are for losers lol.
     
    Ken34, JaysonW, Vdubman and 1 other person like this.
  11. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    22,799
    Likes Received:
    8,263
    no crash until sept./oct. por favor.

    keep this fed induced market propped up for just a few months longer.

    please and thank you :p
     
    Transparency Trust likes this.
  12. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    22,799
    Likes Received:
    8,263
    hmm, chart not showing up for me.

    here let me help out with that

    [​IMG]
     
    anotherdevilsadvocate likes this.
  13. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    22,799
    Likes Received:
    8,263
    good first! and 100% agreed there.

    welcome to the forums @Footyislife :)
     
  14. Transparency Trust

    Transparency Trust New Member

    Joined:
    Jun 8, 2020
    Messages:
    5
    Likes Received:
    4
    Hopefully this is allowed. Shorted LK first thing in the morning. I use a professional trading software which allows us to buy the right to short restricted stocks by the way. Will post here more often going forward!

    LKShortJune26_20.png
     
  15. Vdubman

    Vdubman Active Member

    Joined:
    May 2, 2016
    Messages:
    387
    Likes Received:
    234
    Pro software?
     
  16. Transparency Trust

    Transparency Trust New Member

    Joined:
    Jun 8, 2020
    Messages:
    5
    Likes Received:
    4
    Yes it's a platform that is not well known. It's call PPRO 8. Has been around since the early 00's. Not popular due to Swift Trade affiliation but it is EASILY the best platform I've used since I started trading in 2015! I don't wanna sound like and advertisement for them though so I will leave it at that. The chart is from trading view though because their charting software is trash haha.
     
  17. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,412
    Likes Received:
    4,280
    It is sad to see we aren’t able to contain this virus even in the summer, could be even harder in the fall :( Here in Hawaii we are averaging about 15 to 20 cases per day, I guess not so bad but we are a small state and you can’t get here unless you get on the plane. I do see some people lacking some discipline here, not wearing masks and not really practicing social distancing.

    Banks stocks really getting hammered today :eek: I guess they are taking hit due to the stress test results and the outlook of the economy is looking worse with the spikes in cases
     
  18. Footyislife

    Footyislife New Member

    Joined:
    May 1, 2020
    Messages:
    2
    Likes Received:
    6
    Thanks! Big fan of the community and the advice. Never been an active trader, but with the volatility there's just so much opportunity. This forum has been so helpful in navigating that.
     
    stock1234 likes this.
  19. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,412
    Likes Received:
    4,280
    Those coronavirus stocks rolling over a little bit, INO and NVAX down big :eek:
     
  20. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,412
    Likes Received:
    4,280
    Welcome to this forum, hope to see you here often :)
     

Share This Page