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Stock Market Today: May 4th - 8th, 2020

Discussion in 'Stock Market Today' started by bigbear0083, May 1, 2020.

  1. T-Coonazz

    T-Coonazz Member

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    Well the market gapped down and went up like I thought it would but I didn`t make a move today, just waiting on the big boys so I can follow and maybe pick up a few more crumbs
     
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  2. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    CHGG looking good, at least for now :D
     
  3. Vdubman

    Vdubman Well-Known Member

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    It's just another number to add to the books :D
     
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  4. bigbear0083

    bigbear0083 Content Manager
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  5. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    this market is crazy lol, makes no sense. i say this as i keep buying the dips in tsla.....will be interesting to see what happens if the spx makes it up the 200 day.
     
  6. bigbear0083

    bigbear0083 Content Manager
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    oh man is tomm. really the 10yr anniv of the flash crash?

    perhaps the most intense 15 minutes of market action i have ever witnessed.

    ben lichtenstein no longer squawks from the trading pits in chicago anymore :(

    but his call on may 6th, 2010 was absolutely the most riveting 15 min market play-by-play of the s&p futures i've ever heard.

    i still get goosebumps to this day listening to this clip :p

     
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  7. Vdubman

    Vdubman Well-Known Member

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  8. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Pretty amazing that the NASDAQ is now barely down YTD :eek:
     
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  9. bigbear0083

    bigbear0083 Content Manager
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    amazing indeed, but then again i guess not too surprising when we have qe-infinity :p

    i feel like this graphic pretty much hits the nail on the head to a tee :D

    [​IMG]
     
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  10. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Well I feel like I am repeating myself too much. However it does seem li
    Haha yeah I wouldn’t be surprised to see this market continues to ignore the economy and earnings for awhile and continues to go higher :D
     
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  11. bigbear0083

    bigbear0083 Content Manager
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    in that case...

    :D

     
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  12. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    I think today will be the high for the month. 5/5, Happy Cinco de Mayo!
     
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  13. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    A pretty big pullback from the HOD into the closing bell :eek:
     
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  14. bigbear0083

    bigbear0083 Content Manager
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    that's a pretty sizeable down tick there just now for sure ... any news you're seeing behind this move? don't currently have the platform open atm. guessing just some chop as we head into the close.
     
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  15. bigbear0083

    bigbear0083 Content Manager
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    here is the 21yr average performance of the indices for this month of may courtesy of stock trader's almanac.

    it's interesting that right about where we are now is where the month puts in the high, then enters the sell in may go and away period. which would be right about inline with marcy's thinking that perhaps today was the hom (high of month).

    [​IMG]
     
  16. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Not seeing any meaningful news for the market, at least I can’t find them :p Maybe some profiting taking here
     
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  17. T-Coonazz

    T-Coonazz Member

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    It was a Bond Market announcement and after the announcement the market basically went back up to near where it was.
     
  18. T-Coonazz

    T-Coonazz Member

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    I remember that day very well, has it been that long ago wow. I was at cash and only day trading and when I saw it happening I tried to find out what happened to make the crash. Finally I got word that it was a fat finger that started it. I didn`t know what to buy as I saw the market going back so I bought some TNA and cashed out that same day.$$$$$
     
  19. Max384

    Max384 New Member

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    I screwed up royally haha. Sold all my shares of Portola Pharm last week @7.35, woke up this morning to see it at almost $18.. guess it's a hard way to learn to be patient.
     
  20. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    ALXN got PTLA at a pretty good price, pretty much the IPO price. It was over $60 at one time.
     
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