Another big day for retailers like GPS/MIK/JWN/DLTH? Some of those are looking to open with nice gaps.
Stock Markets
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Last: 1 hr ago by Heineken-Ashi
Every knee shall bow and every tongue shall confess
GDP close to ~5%
Market pops 1%
We're truly living in bizarro world.
Market pops 1%
We're truly living in bizarro world.
ROKU, because the studios will release their movies on their own channels, like the Disney+ model. ROKU will be the way to view all their separate streaming channelstexagbeliever said:
If movie theaters start going away which companies stand to gain? Samsung Lenovo (chinese), Toshiba?
Shiner Bock said:
GILD positive outcome in US on remdesivir (NIH trial, double blind, placebo controlled). DOW, S&P moonie
****ING CALLED IT!! Remdis works. **** you WHO
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
NFLX and ROKU dropped like a rock while everything went up.
"Give me an army of West Point graduates and I'll win a battle. Give me a handful of Texas Aggies, and I'll win the war.”
- General George S. Patton
- General George S. Patton
That isnt that bizarre. Stop thinking in a non crisis reality and think in the crisis reality we were in. It is all about market expextectations. When the crash in March happened what do you think the expected GDP hit was? That is the reference you need to be thinking from.
positive covid news drops NFLX and ROKU because faster return to normalcy, therefore less tv timeWestTexAg12 said:
NFLX and ROKU dropped like a rock while everything went up.
The market is figuring that if treatments allow a more rapid and sustainable reopening of the US that means a decrease in viewers.WestTexAg12 said:
NFLX and ROKU dropped like a rock while everything went up.
Not worried, that AMC news is a big long term positive for ROKU.
CADE is taking a beating after earnings announcement. I think it might be another chance to buy back in.
OverSeas AG said:IrishTxAggie said:
AMC is 40% owned by Wanda Group. It's a Chinese Property developer focused on Cinemas. Comcast is Verizon
Ok. I didn't think that was Comcast. Thanks. And yes it makes sense that a REIT would take interest in a theater chain. But no go on the Chinese.
Note: I have spent a lot of time in China. Have known a long time that they were **** (the CCP). Have some funny stories from my times in China. I am 6'7". They always want to know if I am taller than Yao. I say no and they smile like they just won a victory. Crazy but interesting place.
Username checks out
More profit taking for me today.
I threw a lot of capital into the market about a week before it bottomed out. Took a beating that week but has since paid off very well.
I threw a lot of capital into the market about a week before it bottomed out. Took a beating that week but has since paid off very well.
texagbeliever said:
That isnt that bizarre. Stop thinking in a non crisis reality and think in the crisis reality we were in. It is all about market expextectations. When the crash in March happened what do you think the expected GDP hit was? That is the reference you need to be thinking from.
Right now you can close eyes and buy futures ahead of any negative economic news....now, why is that? Is it because Joe Blow Trader is sitting there reacting in 10 milliseconds to a GDP number that is terrible but not catrastrophic? No.
Its not about expectations, fundamentals, valuations, technicals, or anything else "normal". Its an unprecedented liquidity pump and wall street bailout allowing reactivation of the 80% of daily volume that comes from extreme levered algos. The Fed already reset the debt bubble until the next crisis.
Sorry, man. In any reality, when GDP hits -5%, P/E looks to be highest in history (higher than than dot com bubble), unemployment highest since Great Depression, and the Market STILL pops, it's bizarro world. Unless, of course, everyone thinks we'll flip a light switch, and the world will be sunshine and roses Q4 19.
jj9000 said:
Sorry, man. In any reality, when GDP hits -5%, P/E looks to be highest in history (higher than than dot com bubble), unemployment highest since Great Depression, and the Market STILL pops, it's bizarro world. Unless, of course, everyone thinks we'll flip a light switch, and the world will be sunshine and roses Q4 19.
Tell me what the expected GDP is for DJIA at 20k, 25k and 30k. Until you realize the drop in GDP was already factored into the market you are going to be pulling your hair out as to why the market isnt moving appropriately.
Netflix for one, then some of the bigger TV networks.
So we are in for a repeat of yesterday's opening. Let's see if the 2890 area can hold as support instead of resistance... or will we even go back to test it today?
Hard for my mind to understand the market has already priced in a potential -40% GDP drop for next quarter. Literally makes zero sense to me at all. Learning everyday here. Love the back and forth.texagbeliever said:jj9000 said:
Sorry, man. In any reality, when GDP hits -5%, P/E looks to be highest in history (higher than than dot com bubble), unemployment highest since Great Depression, and the Market STILL pops, it's bizarro world. Unless, of course, everyone thinks we'll flip a light switch, and the world will be sunshine and roses Q4 19.
Tell me what the expected GDP is for DJIA at 20k, 25k and 30k. Until you realize the drop in GDP was already factored into the market you are going to be pulling your hair out as to why the market isnt moving appropriately.
texagbeliever said:jj9000 said:
Sorry, man. In any reality, when GDP hits -5%, P/E looks to be highest in history (higher than than dot com bubble), unemployment highest since Great Depression, and the Market STILL pops, it's bizarro world. Unless, of course, everyone thinks we'll flip a light switch, and the world will be sunshine and roses Q4 19.
Tell me what the expected GDP is for DJIA at 20k, 25k and 30k. Until you realize the drop in GDP was already factored into the market you are going to be pulling your hair out as to why the market isnt moving appropriately.
We're sitting at June, 2019 S&P values. The drop in GDP doesn't mean sh+t to this market. You drop all of the above negative levers into June, 2019 market and it 100% would NOT stay constant. That's the point. Why? Because it's completely bogus, and propped up.
market bottoms 3-6 mos before the economy
Bogus or not, the charts are what they are and the money moves how it moves.
As people maybe we worry. As traders we go to the bank.
Happy hunting.
As people maybe we worry. As traders we go to the bank.
Happy hunting.
jj9000 said:texagbeliever said:jj9000 said:
Sorry, man. In any reality, when GDP hits -5%, P/E looks to be highest in history (higher than than dot com bubble), unemployment highest since Great Depression, and the Market STILL pops, it's bizarro world. Unless, of course, everyone thinks we'll flip a light switch, and the world will be sunshine and roses Q4 19.
Tell me what the expected GDP is for DJIA at 20k, 25k and 30k. Until you realize the drop in GDP was already factored into the market you are going to be pulling your hair out as to why the market isnt moving appropriately.
We're sitting at June, 2019 S&P values. The drop in GDP doesn't mean sh+t to this market. You drop all of the above negative levers into June, 2019 market and it 100% would NOT stay constant. That's the point. Why? Because it's completely bogus, and propped up.
Yea the idea that a $6T injection of cash doesn't move the market is crazy. 20% unemployment, missed mortgage payments, credit card payments, all of those were factored in but also not factored because they magically didn't happen.
Every knee shall bow and every tongue shall confess
The stocks are so jacked. Yesterday when the SPY was about to drop LUV would climb a whole percentage point at times because everyone was shorting on it. Hilarious to say the least. Eventually I started buying before the anticipated drops then selling nearly half a percent up. Crazy.
Ha, me too.OverSeas AG said:
Got declared a PDT today by Fidelity. Surprised it took this long!
In about 5 minutes I have some decisions to make.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
Do the opposite of what you think is the right move. That it my strategy.McInnis 03 said:
In about 5 minutes I have some decisions to make.
What did you do to be declared? I want to make sure I can avoid it.
This will fix many of my problems!Barty said:Do the opposite of what you think is the right move. That it my strategy.McInnis 03 said:
In about 5 minutes I have some decisions to make.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
Just don't do more than 3 day trades in a 7 day rolling period.jsap said:
What did you do to be declared? I want to make sure I can avoid it.
RUBI is...
Big buy on DIS
OA, still getting out of FB if it hits 195 today? Or do you think their earnings could follow Google?
Getting out of all but 5%Shundere said:
OA, still getting out of FB if it hits 195 today? Or do you think their earnings could follow Google?
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