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Stock Market Today: March 23rd - 27th, 2020

Discussion in 'Stock Market Today' started by bigbear0083, Mar 20, 2020.

  1. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Hit limit down within the first 5 minutes of trading I believe... yeesh
     
    OldFart likes this.
  2. Daniel Rizzo

    Daniel Rizzo New Member

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    So what does that mean should I buy before the market opens ?
     
  3. Daniel Rizzo

    Daniel Rizzo New Member

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    So you think we hit bottom or Monday will be a mess and it will go down ?
     
  4. B Russ

    B Russ Active Member

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    Like a bowling ball. Tripped breaker down type moves is my guess.
     
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  5. Vdubman

    Vdubman Active Member

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    I’m all cash as of Friday afternoon
     
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  6. B Russ

    B Russ Active Member

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    I honestly want TSLA to print $380 or below again. I had funds in the margin hold, last week when it hit it
     
  7. B Russ

    B Russ Active Member

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    anyone else in awe of the limit down/circuit breaker bs being common now?
    A week or two ago, i was researching the stock market circuit breaker and wtf it was.

    now it may as well be included as an over/under for the weekly thread predictions
     
    OldFart likes this.
  8. Vdubman

    Vdubman Active Member

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    I’ll put a buy in for $60. It’s a more reasonable price for such a debt laden company.
     
  9. B Russ

    B Russ Active Member

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    Haha. I understand. My friend tells me the same thing. i am an Elon fanboy, and too high right now and not educated enough on their fundamentals, to debate you on it. Haha

    but i just see it being worth much more.
     
  10. Daniel Rizzo

    Daniel Rizzo New Member

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    I will stay all cash for now, it seems like this when Steve munich spoke about the stimulus package he was pretty confident it will keep us afloat for a few weeks.
     
    OldFart likes this.
  11. bigbear0083

    bigbear0083 Content Manager
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    Thanks mang! Appreciate that. :)
     
  12. bigbear0083

    bigbear0083 Content Manager
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  13. bigbear0083

    bigbear0083 Content Manager
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    Good Monday morning traders and welcome to a new week, fresh start!

    Here is this morning's pre-market news thread for those of you wanting to get a quick read before today's open-
    [​IMG] <-- click there to read!

    Hope everyone in here has a great trading day and week ahead this week! :)
     
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  14. bigbear0083

    bigbear0083 Content Manager
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    Morning Lineup - 3/23/20 - Fed Raises a Couple of Stacks

    While they are far from going all in, the Federal Reserve just raised a couple of stacks this morning by introducing a slew of new measures to help stem the pressure of the medically induced coma that the US economy has been put into. Among the measures taken, the Fed announced unlimited QE and would purchase $375 billion in Treasuries and $250 billion in mortgage securities this week. Other measures being taken include purchases of MBS securities, corporates, and the launch of three new lending facilities. We'll have more details later today.

    Futures have surged on the news and what was looking like a 3% decline at the open is now looking like a 3% gain. Obviously, that's encouraging, and while the Fed's actions are an enormous help, the only way the markets are going to find sustainable improvement is when the economy is allowed to come back to life, or at least there is a real path in place for how that is going to happen. Also, as we have seen repeatedly over the last month, where the market is one minute can be wildly different from where it was a few minutes before.

    We've been showing a number of crazy charts over the last several weeks, and it seems as though with each day that passes they only get more extreme. The chart below showing the 20-day rolling dollar value traded in the S&P 500 ETF (SPY) is another example. Through Friday, this total reached $1.5 trillion, which was up more than five-fold from where it was earlier this year and much higher than any other reading seen throughout the history of the ETF.

    [​IMG]
     
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  15. OldFart

    OldFart Well-Known Member

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    stock1234 and bigbear0083 like this.
  16. OldFart

    OldFart Well-Known Member

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    Are they going to vote or just keep yacking???
     
  17. OldFart

    OldFart Well-Known Member

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  18. OldFart

    OldFart Well-Known Member

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    Not much of a reaction from the markets.....wtf
     
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  19. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Tech really outperforming today :eek:NASDAQ down less than 2% despite both the DOW and the SPX down over 4%
     
  20. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Working from home for the past week. It's nice not having to commute.
    I still show up for work 15 minutes late :cool:
    Never thought I'd see the day when a Dow Stock was down 70% in a month. And it's not GE.
    Nope it was BA, until it gained +11% today.
     
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