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Stock Market Today: September 21st - 25th, 2020

Discussion in 'Stock Market Today' started by bigbear0083, Sep 18, 2020.

  1. Frankenstein

    Frankenstein Active Member

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    Right, the issue is when to "profit take"
     
  2. Frankenstein

    Frankenstein Active Member

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    Ok. Out for "profit taking" at SPX 3297
     
    stock1234 likes this.
  3. T0rm3nted

    T0rm3nted Moderator
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  4. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    nkla looking more and more like a scam company. they need to get it together over there lol
     
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  5. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    I heard that Amazon may do a Prime Day on October 5 since the usual one in July didn't happen.
     
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  6. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    UK back to the lockdown. Just had my flu shot yesterday and let’s hope it won’t be too bad in the Fall here in the US. Those stay at home and vaccine stocks could get hot once again if we see spikes in cases
     
  7. stock1234

    stock1234 2017 Stockaholics Contest Winner

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  8. Vdubman

    Vdubman Well-Known Member

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    obamacare has not done anything for the average American other than double to triple their monthly premiums and double their annual out of pocket expenses. Yes there are positive areas but they sure do not outweigh the negatives caused by it.

    insurers and providers have also had record
    Profits from Obamacare so yea
     
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  9. moss_sumit

    moss_sumit Member

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    When were Insurers and providers not making record profits? I think Republicans and Trump missed a golden chance to pass into law something better since they had the means but instead they chose to focus all their efforts into dismantling Obamacare. Healthcare system in this country is broken and they had the opportunity to fix it.
     
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  10. Dr.K

    Dr.K New Member

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    This is a two fold problem. Providers and Insurers. Private Health Insurance such as United Health Group and others alike are a big problem in healthcare. Insurers such as these have driven costs so high that it is ridiculous the problems they put patients through which I find extremely unethical. On top of that, the whirl spin they put providers through so we can get our pay gets heavier and heavier with time. This is a common topic I discuss among colleagues and it is a general consensus for the most part that majority of the patients, rich or poor, will benefit heavily from a socialized health care plan such as Medicare. If the government can cut out the middle man such as United Health, provider, and more importantly, patients will come out on top. Bills, co-pays, and medical debt will be reduced. There have been studies published over the past decade that have come to this conclusion. I will try to find them and link them here. The main issue here is the middle man, private insurers. They are the main culprit to rising healthcare costs and ObamaCare has accelerated it. My solution is to socialize the costs of medicine. I understand socialism is not favored in a capitalistic world which I agree with, but when medicine became a predominantly for profit industry, the patients were left with the burden. Providers and Insurers will continue to get compensated nicely.

    The second part of the problem is the cost of medical education. Im not well versed on how the government is able to intervene in the cost of private medical education but it would be ideal for the future of healthcare providers to have their tuition controlled. I have seen and known way too many physicians that go into debt for $500,000 to $700,000 to get a medical degree. No one bats an eye at this cost because we know our salaries are top notch and we don't really have to worry about employment prospects because physicians will always be in demand. However. these costs do give into greed and has left a very scary physician shortage in medical fields such as emergency medicine, family medicine, and psychiatry. The pay is just not there to justify that route in medicine for many students. When tuition is controlled in medical education, two problems are solved. 1) The glaring physician shortage in rural areas decreases and the cost of labor decreases as well. When you go to see a doctor, you do not pay him for the 20 minute visit, you pay him for the 12 years of school he/she attended.

    These are my thoughts on the medical industry and the changes that need to be made. I hope they are made in my lifetime as the current path that medicine is headed towards currently is very disturbing.
     
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  11. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    NKE killed it this quarter.
    95 cents EPS is the highest in at least 5 years (that I can see in freely available data :cool:)
    Doubled what the analysts were expecting, so +100% beat on EPS.

    However, if ERs covered 6 months instead of 3, considering the previous ER they lost money then they are way below normal for 6 months EPS.
    It's been a wild 6 months for business at Nike. A rare loss to the best EPS in 5+ years. And the big thing is what they've done lately. Stock is up 11% after hours.
     
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  12. T0rm3nted

    T0rm3nted Moderator
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  13. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    TWTR making a strong move the last 2 days, after testing 50 sma.
    [​IMG]
     
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  14. Frankenstein

    Frankenstein Active Member

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    I may re-enter long at 3250 or non-above. But, we'll have to see what the price action looks like at that point--if it happens to collapse to that level
     
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  15. Vdubman

    Vdubman Well-Known Member

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    I don’t think any aspiring doctor would want to take on 200-300k in debt to make $55k/yr salary doing family med working 60hrs/week. Taking in that debt to do sports med where you make $126k+/yr definitely makes more sense.
     
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  16. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Getting back into some stay at home stocks like ETSY and BAND today :p
     
  17. Frankenstein

    Frankenstein Active Member

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    Ok. Back in long at SPX 3235!
     
  18. T-Coonazz

    T-Coonazz Member

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    I had this upper trend line drawn out on the NAS 1 hour/ 1 month chart before open today and it looks like it panned out. It appeared we were at resistance and I transferred the angle of the trend line to the top of the Sept.15th high and it matched up. It has the upper and mid resistance points

    NAZ.png
     
    #38 T-Coonazz, Sep 23, 2020
    Last edited: Sep 23, 2020
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  19. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Today was a better flush looking at the price of SPY. We closed lower than Monday, and today we closed on the lows with no bounce.
    Yet the VIX isn't spiking, in fact it did not reach Monday's high even.

    Thursday has been the worst day in the week, this year.
     
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  20. Frankenstein

    Frankenstein Active Member

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    I am thinking of exiting for profit taking at SPX 3300 or 3320--but it all depends on the price action, of course. J has to be nimble and smart
     

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