Daily Discussion - Main Discussion thread

Discussion in 'Stock Market Today' started by T0rm3nted, Feb 8, 2021.

  1. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,024
    Likes Received:
    4,355
    Wow we closed at LOD :eek:
     
  2. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    3,966
    Likes Received:
    3,137
    Price action is looking like March. SPX ripped off 450 points in the 2nd half of the month.
     
    Value543 and stock1234 like this.
  3. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    8,355
    Likes Received:
    3,180
  4. Frankenstein

    Frankenstein Well-Known Member

    Joined:
    May 18, 2016
    Messages:
    695
    Likes Received:
    306
    Ok. I entered long at 3910 this morning--this is better than the level yesterday. Not perfect. But if it goes down, I plan to add more
     
  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,024
    Likes Received:
    4,355
  6. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,024
    Likes Received:
    4,355
    Gold showing strength today on the inflation number despite we are seeing the dollar going up :eek:
     
  7. Frankenstein

    Frankenstein Well-Known Member

    Joined:
    May 18, 2016
    Messages:
    695
    Likes Received:
    306
    I don't know what you mean here. I always get confused with these correlations. I think I understand if the dollar goes up, the SPX should go down. I don't know what is supposed to happen with gold.

    At any rate, I mentioned some things on an "instinctive" level that should or should not happen from my perspective: the SPX before yesterday, should have tested 4400 or even 4600 and it didn't happen; the price should not have collapsed non-above 4000 and it hit 3900 today. So, this is all STRANGE behavior for a bullish case. At any rate, if it collapses non-above 3900, I'm in the "buying mode." But, this environment is excellent for challenging your investing and trading prowess.
     
    stock1234 likes this.
  8. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,024
    Likes Received:
    4,355
    Gold is generally inversely related to the value of the US dollar because gold is dollar denominated, so pretty often gold is down when the dollar is up, today seems like both gold and the dollar are up
     
    Value543 likes this.
  9. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,024
    Likes Received:
    4,355
    Bought the dips a little bit today and will see if we see some kind of bounce next week. Generally still pretty bearish especially after that CPI number, the FED isn't getting dovish anytime soon
     
    Frankenstein and Value543 like this.
  10. Frankenstein

    Frankenstein Well-Known Member

    Joined:
    May 18, 2016
    Messages:
    695
    Likes Received:
    306
    Oh, ok. So, it looks like Gold up, SPX up, Dollar down. And vice-versa. Cool
     
    stock1234 likes this.
  11. ddebrazza

    ddebrazza Active Member

    Joined:
    Jun 23, 2021
    Messages:
    472
    Likes Received:
    140
    Ugly, Ugly.

    I am selling on Monday and sticking to day-trades.

    Made a killing last week off LOVE and RDBX. Bought into LOVE the morning I saw it open Pre-Market down 25%, I ended up selling at +15.5% and then with RDBX, I did not get in early but I managed to hop in around 13$/sh and then sold at $14.13/sh, so about a 9.5% gain.

    The market and the overall state of global economics is too volatile for me to stake any long-term positions right now. Will be waiting to see how things look a month from now. We should be getting close to that bottom.
     
    #2571 ddebrazza, Jun 11, 2022
    Last edited by a moderator: Jun 13, 2022
  12. ddebrazza

    ddebrazza Active Member

    Joined:
    Jun 23, 2021
    Messages:
    472
    Likes Received:
    140
    Crypto has dropped another 15-20% this weekend. Not generally a good sign for when markets open on Monday.
     
    stock1234 likes this.
  13. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    8,355
    Likes Received:
    3,180
  14. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    8,355
    Likes Received:
    3,180
    upload_2022-6-13_6-24-52.png
     

    Attached Files:

    stock1234 likes this.
  15. andyvds

    andyvds Active Member

    Joined:
    Jul 17, 2020
    Messages:
    193
    Likes Received:
    100
    We're entering panic territory. Glad I'm 70% cash.
     
    stock1234 likes this.
  16. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    3,966
    Likes Received:
    3,137
    I bought that dip. We'll see if it goes down more this month.

    Technically stocks like AMD, ENPH are in bull markets having made +20% from their May lows. Right now they are sitting on the edge of going back to bear markets.
     
    stock1234 likes this.
  17. ddebrazza

    ddebrazza Active Member

    Joined:
    Jun 23, 2021
    Messages:
    472
    Likes Received:
    140
    I am there with you. The only money I have in the market is my Staked ETH which I have been watching lose 10% a week for the last couple months now. I cant sell until Ethereum completes their "Merge," and Coinbase has to allow me the ability to sell. It's looking like Crypto could be in for a complete crash. It's getting very very ugly out there.

    I am considering a Class Action Lawsuit against Coinbase for the way they marketed Ethereum Staking. It was never intended to be over 2 years before anyone could touch their money and there still isnt any kind of firm date for the upgrade to take place. Trading wont even be available after "The Merge," we will have to wait for yet another soft patch.
     
    stock1234 likes this.
  18. Spud

    Spud Active Member

    Joined:
    May 6, 2022
    Messages:
    197
    Likes Received:
    151
    Dow lost 1000+. Some of these companies are dropping back to realistic prices.
     
    Value543 and stock1234 like this.
  19. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,024
    Likes Received:
    4,355
    Bought the dips last Friday not working out too well for me :p Let's see what the FED will do on Wednesday, maybe they should just hike aggressively now to get the pain over with ASAP :eek:
     
  20. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,024
    Likes Received:
    4,355
    OK just bought the dips a little more today but just very little, I will try not to do too much ahead of the FED, this time it is rather unclear how much they will hike after the red hot CPI although they have said 0.5% all along :eek:
     

Share This Page