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Stock Market Today: September 7th - 11th, 2020

Discussion in 'Stock Market Today' started by bigbear0083, Sep 4, 2020.

  1. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    AAPL down over 3% again, great company but it is crazy how fast this thing went from 1 trillion to 2 trillion market cap :eek:
     
  2. StockJock-e

    StockJock-e Brew Master
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    Whats a trillion here and there?
     
    stock1234 likes this.
  3. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    High flying PTON and CHWY reporting after the close, should be interesting to watch :D
     
  4. T-Coonazz

    T-Coonazz Member

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    NAS Futures attempting to form a bottom now. The test of the 11575 area looked good for the Bulls side today.
     
  5. Onepoint272

    Onepoint272 2019 Stockaholics Contest Winner

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    At about 10:37 pm Chicago time, the Nasty is looking kinda bearish. The spring is taking too long to get out of the danger zone; lack of demand. The failed test of the 11575 area could be a Last Point of Supply (LPSY)...not bullish...would have been a good location to short once it failed to break above the preliminary demand (PD) line. The second lowest risk trade is to short here.

    Hourly sticks:
    upload_2020-9-10_22-37-47.png
     
    #45 Onepoint272, Sep 10, 2020
    Last edited: Sep 10, 2020
  6. Vdubman

    Vdubman Well-Known Member

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  7. A55

    A55 Active Member

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  8. A55

    A55 Active Member

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    Quite a lot to read.

    I guess the deal isn't so bad on the surface.

    Screenshot_2020-09-10-23-18-47_kindlephoto-383596406.png

    GM isn't so stupid. They aren't completely bamboozled. Nokia is suppose to pay GM. If Nikola fails to pay GM, GM shuts down the project.

    This deal is a springboard for Nikola to raise it's profile. Gives Nikola an opportunity to raise more money. Without doubt, Nikola will now try to get $700 million from investors.

    My opinion is that Nikola will probably raise more than $700 million. They will probably waste a lot more in resources, supplies, materials. Most of those vendors will not get paid, and they will try to sue GM for collection. Nikola will fail to pay GM. GM will pull the plug on the project, with nothing. No end product will result. Most of the money will not be accounted for.
     
  9. T0rm3nted

    T0rm3nted Moderator
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    At least short-term important level here yesterday for the S&P. Triple tested support, plus the 50MA at this level.

    upload_2020-9-11_7-37-11.png
     
  10. T0rm3nted

    T0rm3nted Moderator
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  11. Onepoint272

    Onepoint272 2019 Stockaholics Contest Winner

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    Markets looking bearish this Fryday morning. We'll see what the open brings.

    S&Pee E-mini futures-Hourly Sticks ~7:55 am (chicago):
    upload_2020-9-11_7-55-13.png
     
    #51 Onepoint272, Sep 11, 2020
    Last edited: Sep 11, 2020
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  12. Vdubman

    Vdubman Well-Known Member

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    @A55
    Did you see the part where GM can immediately sell shares they are given up to 1/3? it’s like free money to GM.
     
  13. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Bulls want to get to 3365 /es (guessing that is ~3380 SPX)

    Transports holding up very well.
     
  14. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Still testing support around 332 on the SPY.
     
  15. Onepoint272

    Onepoint272 2019 Stockaholics Contest Winner

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    I guess the failed spring is confirmed.

    ES - 30 minute sticks ~12:13 pm chicago time

    upload_2020-9-11_12-14-28.png
     
  16. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Wow NNOX on a tear again. Sold half at $57.60 to get my initial investment back, now the rest are free shares :D
     
  17. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    T0rm3nted likes this.
  18. stock1234

    stock1234 2017 Stockaholics Contest Winner

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  19. bigbear0083

    bigbear0083 Content Manager
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    hard to believe it has already been nearly 2 decades since the 9/11 atrocities :(

    interestingly enough, this day has actually been quite bully for the market since 2002.

    pulling this chart from the bull thread, which is originally from stock trader's almanac.

    there have only been 3 red 9/11 days since then, and those days were hardly even red (at least for the spx).

    not to jinx today's close but so far we are green. :)

    [​IMG]
     
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  20. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Looks like the decent run could continue, market on track to close green except tech :eek:
     
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