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Stock Market Today: October 26th - 30th, 2020

Discussion in 'Stock Market Today' started by bigbear0083, Oct 23, 2020.

  1. BigPear

    BigPear Member

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    It seems like a lot of effort went into making this stuff, great!
     
  2. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    When INTC reported last earnings, they went down -16.2% and AMD went up +16.5%.
    Today AMD reported earnings, and INTC is even lower down -2.2%.
    LOL it's too bad AMD is down a bit, but there's a chance to reverse today...
     
    stock1234 likes this.
  3. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Wow EXAS is taking off today :eek: Too bad I sold the shares awhile ago :horse:
     
  4. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Industrials getting hit a little bit today :eek: Some of these stocks have been hitting ATH despite pretty steep decline of earnings and revenue
     
  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    INTC has been dead money lol while other semiconductor stocks have done great
     
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  6. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    TWTR reporting later this week. Valuations are cheaper than SNAP and PINS but TWTR seems to disappoint on earnings most of the time :p
     
  7. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    I am repeating myself and I could be very wrong, but I just can’t see this market getting bought up aggressively until we get the election results unless we get a surprise stimulus deal or vaccine news. I will buy a little bit if we are down big like yesterday again but I won’t be too aggressive most likely until after the Election Day
     
  8. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    There won't be a stimulus deal, Democrats would be fools to give the market a chance to rally now.

    CHWY with good relative strength today, will it break out tomorrow?
     
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  9. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    BABA hitting new highs today.

    MSFT reported this afternoon, it is not reaching ATH from early September.
     
  10. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    GBTC (Bitcoin trust) moving up. I guess that's another way to move out of the American stock market for now.
     
  11. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    An ‘enormous’ stock-market bubble has already popped, says David Einhorn


    ‘Our working hypothesis, which might be disproven, is that September 2, 2020 was the top and the bubble has already popped.’

    — David Einhorn, Greenlight Capital

    [​IMG]

    Einhorn acknowledged that Greenlight had “prematurely identified” the bubble in a 2016 warning, one he put down in part to the notion that the height of the 1999-2000 bubble was a once-in-a-career experience and that investors wouldn’t repeat “that level of insanity.”


    “Clearly, we were mistaken,” he said.


    Gonna leave with that quote.

     
  12. EddieMarkel

    EddieMarkel Member

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    this is not consultation or advice.
    I think that the situation about covid 19 in the world has influence on the markets.
    Indices:
    Dow show weakness (red dots), its go under the blue line and set as target the red line(26,694).

    S&P500 go under EMA , show weakness(red dots), but stop on the blue line(3,380).
    if S&P500 go down under the blue line, I think its go to meet the red line at 3,226.

    Nasdaq go under EMA and show weakness (red dots), I think its go after Dow and S&P500.

    S&P500.png nasdaq.png Dow.png
     
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  13. T0rm3nted

    T0rm3nted Moderator
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  14. T0rm3nted

    T0rm3nted Moderator
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    There won't be stimulus until at least January 20 in my opinion. McConnell hasn't even brought it up for votes and has said he doesn't plan to. If Biden wins, Trump won't care about mediating between Pelosi and McConnell for a stimulus, and if Trump wins, their will no longer be an incentive to providing stimulus for an election bump politically for the Republicans.
     
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  15. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Wow TUP soars after earnings :eek: Seems to be benefiting from people eating more at home. I guess you need something to store your leftover whether you cook at home or buy some takeout orders from the restaurants :p
     
  16. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    CHWY continues to outperform :eek: I guess it is considered as the coronavirus play when the number of cases are high
     
  17. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    On barchart.com I saw the "Miscellaneous Staples" were a strong sector, it includes TUP, CHWY, and PRPL.
    I'm hoping CHWY breaks out RSI above 70, it's having trouble doing that right now.

    The thing about Tupperware is you can re-use various containers like the ones for margarine to hold food. Those leftover containers are good enough quality themselves.
    I am glad for TUP because they make quality products, appreciate actual physical products. But I don't think this will be a recovery play like AMD, don't think they have the Lisa Su of food containers.
     
    #37 anotherdevilsadvocate, Oct 28, 2020
    Last edited: Oct 28, 2020
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  18. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    The DOW now 10% off its ATH :eek:
     
  19. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    SNOW pretty strong today, up in a down market :eek:
     
  20. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    I have no idea who is going to win next Tuesday but if the election is contested, it could be another negative for this market. Also we might not know who will be the President yet next Tuesday night or Wednesday morning like we usually do this time around
     
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