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

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

  1. 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
     
  2. rg7803

    rg7803 Well-Known Member

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  3. 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
     
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  4. 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.
     
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  5. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    @Venom08 - does your DJIA price point take into account a US Lockdown?
     
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  6. T0rm3nted

    T0rm3nted Moderator
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    If I short it I'm gonna do it just a few minutes before the close.
     
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  7. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    oil tanking, taking the markets with it
     
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  8. 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
     
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  9. 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.
     
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  10. Stockaholic

    Stockaholic Content Manager

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    good call ;)
     
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  11. Stockaholic

    Stockaholic 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]
     
  12. OldFart

    OldFart Well-Known Member

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    break out the H2 buddy!!
    Lol
     
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  13. 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.
     
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  14. 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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  15. Daniel Rizzo

    Daniel Rizzo New Member

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

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