The Investment Thread (18 Viewers)

[efil4stnias]

It's official.

I have no idea what I'm doing. Anticipating a down open only to wake to futures up 500 on dow, 50 on SnP

 

[DaveXA]

It's official.

I have no idea what I'm doing. Anticipating a down open only to wake to futures up 500 on dow, 50 on SnP

There's almost always a bounce up after a big sell-off. That's not unusual. The question will be whether it's a temporary bounce and we'll see more selling come or if people are gonna just sit tight and weather this a bit. Not expecting a jumping off point to another sustained rally here.

 

[bclemms]

There's almost always a bounce up after a big sell-off. That's not unusual. The question will be whether it's a temporary bounce and we'll see more selling come or if people are gonna just sit tight and weather this a bit. Not expecting a jumping off point to another sustained rally here.

Dead cat bounce.

I'm not sure that is though. I think we probably chop around and work our way back up to 3200 over the next few weeks then do it all over again. I think the real sell off happens towards the end of the summer.

 

[DaveXA]

Dead cat bounce.

I'm not sure that is though. I think we probably chop around and work our way back up to 3200 over the next few weeks then do it all over again.

Yep, we'll see. If I knew, I'd be filthy rich.

 

[Saint_Ward]

Dead cat bounce.

I'm not sure that is though. I think we probably chop around and work our way back up to 3200 over the next few weeks then do it all over again. I think the real sell off happens towards the end of the summer.

Big money is always looking for where to put their money back to work. We'll just see what sectors get the benefit.

On the plus side for flying.. TSA checkpoints finally cracked 500k passengers. That's about 20-25% of normal. Much better than the 5% it was a few months ago.

 

[bclemms]

Yep, we'll see. If I knew, I'd be filthy rich.

Isn't that the truth.

Why I'm day trading this trash. Just need movement. I feel pretty good that we get back to 3100 but it sets up that is the nice round 50% rebound from yesterday's sell off and sure makes a nice turning point to run back down.

I am concerned about metals Gold and Silver are acting odd. They should be up so much this last week with the dollar deflating so much, market turmoil, mention of more stimulus, etc. I'm bailing on them today. It could just be that stocks are moving so much nobody is interested at the moment but it's quite unusual.

 

[Saint_Ward]

pre-market, DAL up 10%. Closed down 14% yesterday.

 

[Saint_Ward]

Low-information ‘investors’ rule the stock market — at least until they lose every cent

Robinhood and day-trading newbies already are getting their comeuppance.

www.marketwatch.com

 

[bclemms]

Went to the bathroom, what did I miss?

 

[DaveXA]

Went to the bathroom, what did I miss?

Yeah, that bounce didn't last long. Lol.

 

[bclemms]

Yeah, that bounce didn't last long. Lol.

It's like a week's worth of moves are happening in an hour.

 

[bclemms]

We're going to test yesterday's low. If that don't hold then we may see the biggest intraday swing in history.

 

[DaveXA]

We're going to test yesterday's low. If that don't hold then we may see the biggest intraday swing in history.

Yep, that wouldn't surprise me.

 

[bclemms]

Yep, that wouldn't surprise me.

It bounced really hard off of support around 3000. If it bounces that hard again then get ready for a huge move back up.

 

[bclemms]

Just jumped hard on SVXY. Going to assume 3000 is going to hold for now and VIX will come down. Let's gamble. lol