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Stock Market Today: May 4th - 8th, 2020

Discussion in 'Stock Market Today' started by bigbear0083, May 1, 2020.

  1. bigbear0083

    bigbear0083 Content Manager
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  2. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Small caps IWM are strong today.
    As for QQQ, another gap up...will we get another doji?
     
  3. bigbear0083

    bigbear0083 Content Manager
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    fixed! :D

    and i think the answer to your question there (or at least imo anyway) is a resounding, yes! (the fixed version that is :p)

    i can't think of think of anything to call this rally but a fed induced rally.

    i don't see what changes this honestly...i know i joked about this the other day, but it actually wouldn't surprise me in the least that we could have the most cataclysmic event on earth (asteroid), and the market would go absolutely ballistic rocketing 500 handles on the news :p just the type of market we're in nowadays.
     
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  4. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Who cares about the economy and earnings when we have the FED :cool: :p
     
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  5. bigbear0083

    bigbear0083 Content Manager
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    haha that was great @stock1234 got a good chuckle out of that. and it's so true imho. :D
     
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  6. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    The virus probably will die down a little bit in the summer and let’s hope it will be the case, the market could do pretty well in the summer if we don’t see the spikes in cases after reopening. The risk near term seems to be the US - China relations. The virus most likely will come back in the fall, let’s just hope it won’t be as bad as the last couple of months
     
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  7. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    The VIX now below 30s :eek: Haven’t paid much attention to the VIX after the market started rallying non stop :p
     
  8. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Looks like no selling into the close today :p
     
  9. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    ADAP was my lottery play, I was down big and ignored it for awhile. It goes up huge for whatever reason today and I was able to sell it for a little bit of profits :p
     

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