The COVID low was took the market back to the levels at Trump's inauguration. Today we've reached the Biden inauguration level.
So if we totally ignore charts and they are able to stay in control then the target price would be to close at ~385.01 or all the way to ~390.01. The latter not being very likely but still possible.$30,000 Millionaire said:
I tend to think they won't want to pay all these puts and will bounce some.
Dan Scott said:
The COVID low was took the market back to the levels at Trump's inauguration. Today we've reached the Biden inauguration level.
I bought another share this morning after one yesterday.Premium said:
Tesla at $640. This seems like a no brainer buying opportunity, adding time, what am I missing?
the thing is that the COVID low only lasted for what- about 2 months?XXXVII said:Dan Scott said:
The COVID low was took the market back to the levels at Trump's inauguration. Today we've reached the Biden inauguration level.
The COVID low took out about 3 years of gains. We're only at 1.5 years of gains being wiped out. If we go back three years, we'd be at about SPX = $3000 which is what Deutsche Bank was predicting for this recession.
Was their prediction as simple as that (lol if true), or is there more to it?
commodities up in the green bigly today as well.sts7049 said:
explain how you think this is a specific cause when SPX is down about 100 points today. about the only thing green is VIX
Premium said:
Tesla at $640. This seems like a no brainer buying opportunity, adding time, what am I missing?
which ones?LMCane said:commodities up in the green bigly today as well.sts7049 said:
explain how you think this is a specific cause when SPX is down about 100 points today. about the only thing green is VIX
So MFST & AAPL appear to be on these new downtrend lines. More gradual. Hoping they consolidate for a bit waiting to knock out 384 on SPY as well.texagbeliever said:
MSFT: 250
AAPL: 134.2
2 trend lines i have to knock out with room to run after.
SPY 384.7 as next resistance point.
Ag CPA said:
For those of you experiencing your first real bear market (2020 does not count) the thing that crushes souls is not necessarily the market drops; yes most stocks will eventually recover and you will get your money back and make some more. It is the passage of time, the agonizing amount of time it can take to bottom out, slowly move back up, go back down again... This reversal could take years, like it did in 2000 and 2008 and waiting around while your dreams turn into years is demoralizing.
Anyways, happy Friday.
Ag CPA said:
For those of you experiencing your first real bear market (2020 does not count) the thing that crushes souls is not necessarily the market drops; yes most stocks will eventually recover and you will get your money back and make some more. It is the passage of time, the agonizing amount of time it can take to bottom out, slowly move back up, go back down again... This reversal could take years, like it did in 2000 and 2008 and waiting around while your dreams turn into years is demoralizing.
Anyways, happy Friday.
LMCane said:the thing is that the COVID low only lasted for what- about 2 months?XXXVII said:Dan Scott said:
The COVID low was took the market back to the levels at Trump's inauguration. Today we've reached the Biden inauguration level.
The COVID low took out about 3 years of gains. We're only at 1.5 years of gains being wiped out. If we go back three years, we'd be at about SPX = $3000 which is what Deutsche Bank was predicting for this recession.
Was their prediction as simple as that (lol if true), or is there more to it?
not like in 2008 or after the late 1999-2000 crash which took years to recover.
That's a strange assumption and not a good mindset at all. I would not base the future success of the country on whether or not an extremely controversial and volatile stock that still has a P/E of 86 can rise 56%+.LMCane said:I bought another share this morning after one yesterday.Premium said:
Tesla at $640. This seems like a no brainer buying opportunity, adding time, what am I missing?
the only consideration is that the 52 week low is around $537 so obviously we could retrace.
but as I am a long term investor- if Tesla doesn't eventually reach back to $1000 we have probably collapsed as a country.
utah, get me two said:
I'm losing money
Bob Knights Liver said:
I wasn't able to post today, but I made over 800% today on TSLA 700P. I Probably could have held for more, but wow.
I know VIX is not supposed to be held long term - but if this is the case and holds true this time.... How would one properly invest in the VIX Spike? Asking for a friend of course, as I would never...SoupNazi2001 said:
Not even close to the bottom yet.$VIX spikes in previous market crashes:
— The Kobeissi Letter (@KobeissiLetter) May 20, 2022
1. 2020: 670%
2. 2018: 450%
3. 2015: 380%
4. 2010: 240%
5. 2008: 860%
6. 2001: 220%
7. CURRENTLY: 130%
No bear market since 1929 has bottomed without at least a 200%+ spike $VIX.
There is not nearly enough fear for a bottom yet.
FJ43 said:
Didn't expect this move today at all.....but thats the markets.