Stock Market Today: June 5th - 9th

Discussion in 'Stock Market Today' started by Stockaholic, Jun 2, 2017.

  1. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Apple, Facebook and other big tech stocks tank as Wall Street debates whether they are in a bubble

    • Facebook, Apple, Amazon.com, Alphabet, Microsoft all fell more than 3 percent Friday as investors rotated out of the stocks.
    • The group has been the market's leaders and is behind about 40 percent of its performance this year.
    • Goldman Sachs analyzed the group and finds it has some advantages and disadvantages when compared to the tech leaders before the tech bubble burst in 2000.
    Goldman Sachs Friday released a report on the top five outperforming names in tech with some warnings on valuations and concerns that their volatility has become extraordinarily low. In fact, the stocks had become closely correlated to safe haven plays, like bonds and utilities.

    http://www.cnbc.com/2017/06/09/fang-stocks-slammed-goldman-compares-them-to-tech-bubble.html


     
  2. Stockaholic

    Stockaholic Content Manager

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    haha crazy how it was flirting with an ATL close just a few hours ago :p
     
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  3. Stockaholic

    Stockaholic Content Manager

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    was that a bad tick on amzn? o_O

    [​IMG]
     
  4. Stockaholic

    Stockaholic Content Manager

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    nasdaq almost a full 100 handles off the lod
     
  5. tbw875

    tbw875 Active Member

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    Yeah wow feeling it in the NASDAQ today. Yikes. Might be time for me to diversify industries a little bit more.

    Other than that Goldman Sachs report, is there any indication why this happened? SWIR up 11% yesterday followed by a 8% pullback. Curious why it would pop 11 before the entire tech sector pulls back big time.
     
  6. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    well tech has been murdering it all year, at some point it needed to unwind a bit, it was getting well ahead of everything else performance wise.
     
  7. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Flash (pull)Back

    Hey all that volume and net result is +3%, still above immediate trend (10 ma)
     
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  8. Wolfy

    Wolfy Active Member

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    If I had purchased some amazon 990 Friday put today, I could have take the rest of the year off and enjoy the beach lol
     
  9. Jrich

    Jrich Well-Known Member

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    So much excitement today!... dont feel like driving, just wanna sit here and stay tuned in:rolleyes:
     
  10. tbw875

    tbw875 Active Member

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    My God, that AMZN Doji is beautiful. Time to buy more!
     
  11. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Some Elliot wavers were targeting 2443.
    Small caps looking enticing, e.g. VUZI no problems today.
     
  12. Wolfy

    Wolfy Active Member

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    i wouldn't buy the dip for now
    there is a high chance that Monday would be a gap down.
     
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  13. Wolfy

    Wolfy Active Member

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    if it wasn't the financials and energy holding up the index today..we would have seen a bloodbath across the board.
     
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  14. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    It is a fun Friday after a relatively boring week despite some big events such as the U.K. Elections and the Comey testimony, we will see if the FED add some more fireworks to the market next week :D
     
  15. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Ah yes, the last rate hike of the year, imo.
     
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  16. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    just legged in some nvda 148.90 , if we see a monday gap down, will buy a little more
     
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  17. Jrich

    Jrich Well-Known Member

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    I was just bragging on DVN yesterday... but BAS was the biggest winner on my list today... up almost 8%!
     
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  18. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Congrats :D
     
  19. Jrich

    Jrich Well-Known Member

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    Well.. thanks... but i didnt buy it:oops:

    I only got WFM right now.. in all the turmoil today, it only gained 0.82%..... but theres always monday:D
     
  20. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Oh boy now I'm peeved :cool:. They're taking the FANG acronym and turning it into FAAMG (dropping Netflix because its market cap is relatively small, adding Apple and Microsoft) but if they're going to do that to FANG why not just make it FAAMA?
     

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