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Stock Market Today: April 13th - 17th, 2020

Discussion in 'Stock Market Today' started by bigbear0083, Apr 9, 2020.

  1. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Support holds at 2750.
     
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  2. bigbear0083

    bigbear0083 Content Manager
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    ^^ yep, this 1000000000% in a nutshell imo as well
     
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  3. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Tech very strong today :eek:
     
  4. T-Coonazz

    T-Coonazz Member

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    We got a wedge formed on the Dow futures 15 min chart lookin for a big move soon. Market trying to find direction between support and resistance.
     
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  5. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Small caps have been lagging mightily this week.
     
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  6. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    wow and just like that im positive in AMD and MSFT....what is this dumb market lol. now we have been in a wedge for a few days now, i wonder which way we will break....
     
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  7. bigbear0083

    bigbear0083 Content Manager
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    [​IMG]

    :p
     
  8. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Well yeah looks like we are going to the moon tomorrow, at least for now :p The massive liquidity provided by the FED will continue to allow us to celebrate on good news and ignore most of the bad news it seems like :p
     
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  9. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Well should be a good day for me tomorrow, I have GILD and MRNA as my coronavirus plays and both of them up pretty nicely AH :D
     
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  10. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Might be a little late to find those kind of companies after the recent market rally, COST, WMT, AMZN and NFLX, etc, are all trading at ATHs since they have benefited from the virus :p I am eyeing the homebuilders like DHI, LEN, and PHM, etc. as a turnaround play since they are down a lot from their highs :D
     
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  11. T-Coonazz

    T-Coonazz Member

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    Yep. we were in a normally Bearish ascending wedge since 1800, but then today the Dow futures formed a an almost concentric neutral type wedge and bullish cup after the break above the wedge. Then it broke out big time to the up side after the bell and then of course you can see the gap up when the futures reopened. Amazing what helicopter money can do!
     
  12. Vdubman

    Vdubman Well-Known Member

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    RIP short positions tomorrow
     
  13. bigbear0083

    bigbear0083 Content Manager
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  14. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    2877 looking like some resistance on /ES. If it stays below this I might pick up a short over the weekend. Oil printing 18.55 this morning - looking like fresh 52 week low. Can't wait to see .99 cent gas again - I remember when I first started driving around 2002 filling up for under a buck and we're right back to those lows again!
     
  15. Syynik

    Syynik Active Member

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    SPG is up, huh? That's odd--I think shopping malls are dying even BEFORE this pandemic. I wonder what's up with Simon.
     
  16. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    wow oil getting smoked. printing 17s...
     
  17. Vdubman

    Vdubman Well-Known Member

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    $17.49 WTI

    just filled up for $2.02/gal diesel and 87 is $1.35/gal. Gas stations making a killing right now
     
  18. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    its now or never for the bears lol. spx opened up right into the 50 day
     
  19. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

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    Oil production cut deal wasn't enough to avert over-supply/shrinking storage capacity crisis apparently...
     
  20. Ken34

    Ken34 2017 Stock Picking Contest Winner

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