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Stock Market Today: September 14th - 18th, 2020

Discussion in 'Stock Market Today' started by bigbear0083, Sep 11, 2020.

  1. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Nice rebound for the market so far this week after a volatile week last week :eek: We have the FED tomorrow so there should be some volatility again tomorrow :D
     
  2. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Today is Apple’s event? Man I didn’t even remember it is today, this kind of event used to be super hyped up by the media but I guess not anymore :p
     
  3. Vdubman

    Vdubman Well-Known Member

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    TSLA making people lots of money the last 2 weeks
     
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  4. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    WTO rules US tariffs on China illegal.
    https://apnews.com/58a89252300408e255ed3a9a26004091

    Countdown to Trump ripping the WTO...

    It may be a stretch, but maybe China uses this ruling to say TikTok does not need to be sold to US.

     
    #24 anotherdevilsadvocate, Sep 15, 2020
    Last edited: Sep 15, 2020
    stock1234 likes this.
  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    AAPL dragging down the DOW and the market a little bit here. The DOW is still green but just barely :eek:
     
  6. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Biotechs XBI/IBB bouncing off 34 week ema
    [​IMG]
    [​IMG]
     
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  7. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    ARWR soaring today on good data, but my entry point was so poor that I am only up around 5% despite the stock having a great day :p But yeah seems like biotech is having a very good week so far
     
  8. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Was thinking about getting into SNOW but no way now after it soared out of the gate, gonna wait for a significant pullback first :p
     
  9. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    FED coming up, usually the market will be pretty volatile on the FED day and the initial reaction usually is wrong and will be reversed, we will see what will happen this time :p
     
  10. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    I don't have my ToS open so can't get news, is it really $300 today? They were going to price that at ~100.
     
  11. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    FDX killed it last night, actually doubling their EPS.
    But FANG stocks still couldn't retake their 50 sma (save for AAPL).

    Biotechs feel like the ones to lead the market now. GILD bought IMMU, BIIB wants to buy someone, and consolidation of companies can be a good thing.

    ILMN makes up 5% of the IBB and wants to buy Grail. So ILMN is down (part of reason why XBI outperforming IBB today) big because they would probably have to give up equity to make that purchase. Not sure if Grail gives themselves up right now, If anything this is confirmation that they've got promise.
     
    #31 anotherdevilsadvocate, Sep 16, 2020
    Last edited: Sep 16, 2020
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  12. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Seems like it traded at as high as $319 earlier today They priced the shares at $120
     
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  13. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Selling from tech dragging down this market again :eek:
     
  14. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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  15. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Finished the day at 253.93.
    Tradingview is showing +1063%, and SeekingAlpha is showing +971%.
    It seems to me like they mis-priced the IPO, and I think this means they missed out on raising more cash from it.
    Warren Buffett was all too eager to take them to the cleaners on this one; what a swell guy.
     
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  16. T0rm3nted

    T0rm3nted Moderator
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  17. JaysonW

    JaysonW Member

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    I was gifted some shares of NVDA last month with a cost basis of about $10/ea. What would you do with these, keep for the next leg up or sell and move the proceeds into safety? I look at it's chart and see the ride it's had and also hear rumblings that money will rotate out of tech soon.
    Thanks!
     
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  18. T-Coonazz

    T-Coonazz Member

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    If we break lower, looking for support at 10,700 area on the NAS futures
     
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  19. T0rm3nted

    T0rm3nted Moderator
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    Support holding

    upload_2020-9-17_11-39-39.png
     
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  20. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Yeah I guess they could have priced it a little higher for sure, but I guess they wanted to look good and had a great first day as well :p
     

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