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Stock Market Today: October 12th - 16th, 2020

Discussion in 'Stock Market Today' started by bigbear0083, Oct 9, 2020.

  1. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    stock1234 likes this.
  2. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Closed SQQQ for scratch. Transports and Small Caps turning up.
     
  3. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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  4. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Market dragging down by AAPL :eek: Also got some bad vaccine news from JNJ and LLY :eek:

    Probably not getting the new iPhone, I don’t think 5G is developed enough yet in this country. The battery of my phone is getting pretty bad though so I won’t completely ruling out getting the new iPhone :p
     
    JaysonW likes this.
  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    XBI pretty strong :eek: I have been playing those biotechs with a few billion dollars of market cap lately and some of them have done pretty well :D
     
  6. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Save your earbuds and charger.
    I think I have an iPhone 9. So my charger is pretty old :frown:
     
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  7. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    I tried to take a look at the ETF holdings a couple weeks ago but there are so damn many. And 99% of them are clinical stage; I finally realized the difference between XBI and IBB lol.

    Many of the best-looking ones in there have run so much already, but that seems to be the theme this year all around (DKNG, TSLA, ZM, etc.) This one has a chance with me
    [​IMG]
     
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  8. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Yeah the XBI holdings have a lot of those smaller biotech companies :p I wish I had some money on KOD :eek:
     
    anotherdevilsadvocate likes this.
  9. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    finviz has 65% of stocks declining today.
    Oscillators are in overbought territory.
     
    stock1234 likes this.
  10. T0rm3nted

    T0rm3nted Moderator
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  11. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Wow NIO up huge :eek: Got in at $18.14 and pretty happy so far :D
     
  12. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Industrials and materials seem to be outperforming today, tech and banks are lagging
     
  13. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Transports were positive.
    SPX was just green 4 days in a row, this is just a dip :cool:
     
    stock1234 and AverageJoesTrades like this.
  14. T0rm3nted

    T0rm3nted Moderator
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  15. Vdubman

    Vdubman Well-Known Member

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    We have a dilemma here. Market top, large layoffs starting this week, initial federal unemployment benefits starting to expire from March filers, increasing covid cases and outbreaks in USA and Europe, and a potential drop in continuing claims.

    how will the markets react to this? It is negative news but positive looking numbers. Typically the market has reacted only to numbers not news. Do we short here or long? I am very conflicted because I want to short this market given the current fundamentals piling on are negative.
     
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  16. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Looks like a successful test of the low today/this week.
    S&P and Nasdaq hold above this week's pivot.
    Looks like we'll trade sideways this week and avoid a breakdown.

    VIX looking like it will slowly work its way downward. Maybe we'll get bumps here and there, but the 50 ma can avoid turning up.
     
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  17. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    FSLY earnings after the bell last night dragging down those high valuation tech stocks :eek: Overall still not too bad, those cyclical sectors like materials and industrials continue to outperform the market
     
  18. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    VRTX down huge :eek: Helping my ARWR position though :D
     
  19. T0rm3nted

    T0rm3nted Moderator
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  20. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    HTZ, $165 million market cap, gets a $1.65 billion loan.
    Might trade close to a billion shares today.
     

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