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Stock Market Today: March 16th - 20th, 2020

Discussion in 'Stock Market Today' started by bigbear0083, Mar 13, 2020.

  1. T0rm3nted

    T0rm3nted Moderator
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    hmmm should I short into the weekend again?
     
  2. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    probably a good idea, these bounces have been super weak, we cant even make it back to the 8 ema anymore lol
     
  3. rg7803

    rg7803 Active Member

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    OldFart likes this.
  4. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

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    Oil whipsaw continues. After reaching 28 last night, it's taking another dive into sub-24 waters:

    Screenshot 2020-03-20 at 11.57.41 AM.png
     
    OldFart likes this.
  5. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Wait until close - shorts going to cover again most likely. But might not with all this bad news rolling in.
     
    OldFart likes this.
  6. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    @Venom08 - does your DJIA price point take into account a US Lockdown?
     
    OldFart likes this.
  7. T0rm3nted

    T0rm3nted Moderator
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    If I short it I'm gonna do it just a few minutes before the close.
     
    AverageJoesTrades likes this.
  8. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    oil tanking, taking the markets with it
     
    OldFart likes this.
  9. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    ehhhh, if today was green I would maybe buy some puts - but the premiums are so high on all options right now
     
    OldFart likes this.
  10. Kristi

    Kristi New Member

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    Well, I've been working at home for the last week. Just got off a conference call that our company is mandating that all US workers burn a week of vacation next week (auto part supplier). I think it's a little premature, but it appears things are definitely shutting down, fwiw.
     
    OldFart likes this.
  11. bigbear0083

    bigbear0083 Content Manager
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    good call ;)
     
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  12. bigbear0083

    bigbear0083 Content Manager
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    front month rbob gasoline futures just printed a fresh low going back to late 2001.

    @OldFart this should eventually translate into lower prices at the pump amirite? o_O

    get ready, i'm coming down with my h2 in a few weeks! i'll bring a few corona extras with me :p

    [​IMG]
     
  13. OldFart

    OldFart Well-Known Member

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    break out the H2 buddy!!
    Lol
     
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  14. OldFart

    OldFart Well-Known Member

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    I hate to hear that but it seems the “news” media keeps pushing this “work from home” attitude, but blue collar workers can’t do that.

    I do work from home - sole proprietor, but my clients are blue collar workers in steel construction.
    So far, they’re still working, so I’m ok for now.
     
    Daniel Rizzo, Kristi and bigbear0083 like this.
  15. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Picked up 105 shares of TMF AH at the close price of 38.25. Usually play options on these but the TLT call options have like a .15 bid/ask spread... crazy!!!!
     
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  16. Daniel Rizzo

    Daniel Rizzo New Member

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    I have a feeling we are at the bottom.
     
    #316 Daniel Rizzo, Mar 22, 2020
    Last edited: Mar 22, 2020

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