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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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    Other than the Naz, it appears we are near our valuation area and stuck in a trading range until we see accual data from the recovery as the economy opens back up.
     
  2. T-Coonazz

    T-Coonazz Member

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    I might be wrong but I have a feeling the buck stops here
     
    stock1234 likes this.
  3. bigbear0083

    bigbear0083 Content Manager
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    that's a really nice visual right there.

    thanks for sharing marcy!

    gotta admit but i woulda never thought we'd be sniffing out potential ATH territory on any of the majors this soon after the march massacre. amazing.
     
    stock1234 and Ken34 like this.
  4. T-Coonazz

    T-Coonazz Member

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    sc.png If anybody is interested GDX Gold miners ETF is near break out looking for volume and break out, on watch
     
    #84 T-Coonazz, May 7, 2020
    Last edited: May 7, 2020
    JaysonW and stock1234 like this.
  5. T-Coonazz

    T-Coonazz Member

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    fut_chart.png [​IMG] Nice break out on Gold Futures
     
    #85 T-Coonazz, May 7, 2020
    Last edited: May 7, 2020
    stock1234 likes this.
  6. Vdubman

    Vdubman Well-Known Member

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    I guess V recovery thanks to trumps free money to all
     
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  7. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Looks like a little bit of selling into the close once again although I guess we won’t turn red for the day :p
     
  8. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    I am up around 18% for KGC :D
     
  9. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Hard to fight against the central banks :p
     
  10. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Nasdaq is now flat YTD, what a recovery from a brutal March :eek:
     
  11. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    What a recovery, considering food banks aren't investment banks.
    Miles and miles of people waiting for food, 30 million fewer people depositing paychecks; market sentiment couldn't be better!
    Heck not even Tariff Man stopped it last night.

    Not too bitter, I guess it got kinda funny after a while.
     
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  12. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    The disconnect between Main Street and the Wall Street continues
     
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  13. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    and to think i almost sold out of my UBER cause i felt the rally based on lyft was irrational....welp....glad i held i guess....nothing makes sense anymore....just buy and hold all the hot tech stocks....lol.
     
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  14. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Keeping long positions as long as 5 ema above the 13 ema.

    Not seeing any big gainers on ER tonight, just UBER. Not looking like we'll get a gap up, so close to SPX 2900.
     
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  15. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Jobs report tomorrow, don’t think the market will care though even we are likely to see a terrible number :p
     
  16. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Got in Uber before the crash in March, think I am still down like 25% from my entry :p
     
  17. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Picked up a GLD 165 call for next Friday right at the close. Think we get a pop tomorrow/over the weekend.
     
  18. Vdubman

    Vdubman Well-Known Member

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    Man Bitcoin blowing past resistance at $9k yesterday and just won't stop! Pretty much everything but Monero is up. Unsure why monero is lagging but maybe because everyone dumping to pile into the BTC rally. Fridays are usually pop or dump days from asian markets.
     
  19. T-Coonazz

    T-Coonazz Member

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    I just looked at the KGC daily chart and it looks about ripe for another beak out out of that cup setting on top.. nice set up
     
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  20. bigbear0083

    bigbear0083 Content Manager
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