What's new
By:
Filters

Stock Market 2020

Provience said:
ALK alaska airlines +20%

BP energy +20%

KSS kohls +20%

WES (regional nat gas) +20%


Bailouts, plus promises to invest massive government theft into "green energy" that those oil companies suck up like a vacuum, plus a mixed congress = confidence in inflation, or wall street is high on their own supply and actually full of communists :flipoff2:



PCG (pg&e).....+2% :laughing:
Click to expand...
Yup.

A Biden presidency is a return to "normalcy" in the eyes of wall street hence the boom. You don't have the unpredictableness of trump. Companies can deal with taxation and corrupt politicians like Biden and Harris, buying them off and lobbying is a cost of doing business. Not to mention a central regulatory state boxes out competition because small companies cannot absorb the cost of regulation like a corporation can, go try to start an airline or a bank for example. Someone like trump tweeting and imposing tarrifs in an afternoon and not even understanding how they work they don't like. Wall street has always like democratic candidates, another lie perpetrated by the media as to which party is really the one of big business and corporations.
 
Slander said:
Yup.

A Biden presidency is a return to "normalcy" in the eyes of wall street hence the boom. You don't have the unpredictableness of trump. Companies can deal with taxation and corrupt politicians like Biden and Harris, buying them off and lobbying is a cost of doing business. Not to mention a central regulatory state boxes out competition because small companies cannot absorb the cost of regulation like a corporation can, go try to start an airline or a bank for example. Someone like trump tweeting and imposing tarrifs in an afternoon and not even understanding how they work they don't like. Wall street has always like democratic candidates, another lie perpetrated by the media as to which party is really the one of big business and corporations.
Click to expand...

Are you implying that "Democratic candidates" and "Wall Street" are the reason there aren't any Ma-and-Pa airlines or large banks?

Otherwise, I'm not sure what you are saying here.
 
michael.gonzalez said:
Are you implying that "Democratic candidates" and "Wall Street" are the reason there aren't any Ma-and-Pa airlines or large banks?

Otherwise, I'm not sure what you are saying here.
Click to expand...

what? there are ma and pa airlines and large banks


but yes, democrats dislike class mobility and suck up on wall street to entrench their institutions
 
michael.gonzalez said:
Are you implying that "Democratic candidates" and "Wall Street" are the reason there aren't any Ma-and-Pa airlines or large banks?

Otherwise, I'm not sure what you are saying here.
Click to expand...

The regulatory framework is a high barrier to entry, corporations can absorb and manage that, small companies often cannot while competing with large coproations. Historically large coporations have been strong supporters of democratic, or any large government, candidates and ones running on regulating them. You need to look outside the MSM talking points and dive into the actual way these businesses work. Airlines are a great example of this. Look at the wright amendment which is a federal law on where southwest can fly to and from and from what airport put in place from legacy airlines lobbying for example. Trucking is another good example where you have mega carriers lobbying for HOS regulations to get rid of the OOs.

​​good video on this topic:
 
Last edited:
I would recommend caution throwing new money at the market at the moment, we are very extended to the upside in the last week. With a gap up open, the market was technically weak all day, and faded pretty hard at the close. Hard enough I am carrying SPY puts overnight - 1/2 sized position because I could book profits when it flushed in the last 45 mins. No support from tech, and just a rotation into the beat down Rona stocks (airlines, energy, cruise lines, casino's) from the Rona outperformers (ZM and others). The Rona vaccine news was responsible for most of the gap up, market has already priced in Biden.

Lots of profit taking today, and while we saw great volume it was mostly on the sell side. The greed indicator went from total fear to total greed in 3 days, and anytime it is so strong to the greed side there is always pull back or at least consolidation.

NIO beast mode again today, still needs consolidation, very extended to the upside. But after a pull back this has $50 plus written on it. Think it gets run up towards earnings 11/17 then we see a sell off (buy the rumor, sell the news)

I remain mostly cash overnight, risk / reward sucks at the moment. Only a fool thinks they can time the market, and I think there are lots of fools with FOMO at the moment.

E-trade Pro did not crash totally today, but was slow on alerts and trade confirmation messages for the first couple hours because the volume was so high. Discord crashed or had issues until about 11am Eastern, just shows how many trading rooms are now on Discord. Heard complaints about pretty much every broker today - but not Robinhood, possibly because none of the traders I communicate with use RH, lessons learned. Must be beyond frustrating to be in a green trade, and NOT be able to sell. My only advice is to use limit orders, and take screen shots with time stamps, and immediately call your account representative to get help. E-Trade has made good in the past, even on options positions, but they won't do anything for market orders.

Swing and Investment accounts up nicely, just shy of ATH's

Manage your risk in the next few weeks, now the market has figured - no blue wave, split house and senate, unlikely progress on any progressive agenda and the higher the market runs, the less likelihood of a massive next round of stimulus, this short term euphoria is going to evaporate, and you could see a pull back in all indexes. Market history following an election is typically bullish through Jan, so who knows ...... and why I much prefer the technical element of trading without bias.
 
TRINDU said:
I dont understand half of what you said, but I enjoy reading your posts.
Click to expand...

Happy to explain stuff you are getting stuck on. I think I posted a list of abbreviations and terminology earlier in this thread. If not I can repeat.

You can imagine some finwiz type coming here and not knowing what D60, high steer, high pinion, 4.56's with ARB and chromoly shafts means. Same deal with trading - takes a while to learn the lingo.
 
XtremeJ said:
I would recommend caution throwing new money at the market at the moment, we are very extended to the upside in the last week. With a gap up open, the market was technically weak all day, and faded pretty hard at the close. Hard enough I am carrying SPY puts overnight - 1/2 sized position because I could book profits when it flushed in the last 45 mins. No support from tech, and just a rotation into the beat down Rona stocks (airlines, energy, cruise lines, casino's) from the Rona outperformers (ZM and others). The Rona vaccine news was responsible for most of the gap up, market has already priced in Biden.

Lots of profit taking today, and while we saw great volume it was mostly on the sell side. The greed indicator went from total fear to total greed in 3 days, and anytime it is so strong to the greed side there is always pull back or at least consolidation.

NIO beast mode again today, still needs consolidation, very extended to the upside. But after a pull back this has $50 plus written on it. Think it gets run up towards earnings 11/17 then we see a sell off (buy the rumor, sell the news)

I remain mostly cash overnight, risk / reward sucks at the moment. Only a fool thinks they can time the market, and I think there are lots of fools with FOMO at the moment.

E-trade Pro did not crash totally today, but was slow on alerts and trade confirmation messages for the first couple hours because the volume was so high. Discord crashed or had issues until about 11am Eastern, just shows how many trading rooms are now on Discord. Heard complaints about pretty much every broker today - but not Robinhood, possibly because none of the traders I communicate with use RH, lessons learned. Must be beyond frustrating to be in a green trade, and NOT be able to sell. My only advice is to use limit orders, and take screen shots with time stamps, and immediately call your account representative to get help. E-Trade has made good in the past, even on options positions, but they won't do anything for market orders.

Swing and Investment accounts up nicely, just shy of ATH's

Manage your risk in the next few weeks, now the market has figured - no blue wave, split house and senate, unlikely progress on any progressive agenda and the higher the market runs, the less likelihood of a massive next round of stimulus, this short term euphoria is going to evaporate, and you could see a pull back in all indexes. Market history following an election is typically bullish through Jan, so who knows ...... and why I much prefer the technical element of trading without bias.
Click to expand...

I 100% agree, I grabbed some more gold on the dip. They had a great quarter, and I don’t expect the .gov to spend less anytime soon.

Some energy will get interesting on any dip, XOM, CVS, etc. But it’s a long term play, upside will be a year out.
 
XtremeJ said:
Happy to explain stuff you are getting stuck on. I think I posted a list of abbreviations and terminology earlier in this thread. If not I can repeat.

You can imagine some finwiz type coming here and not knowing what D60, high steer, high pinion, 4.56's with ARB and chromoly shafts means. Same deal with trading - takes a while to learn the lingo.
Click to expand...

I'm just very timid, I have cash to play around, and the time truth be known. Stocks arent tangent and that's my hangup, but I also have FOMO about it all.

I like looking at stocks for market (as a whole) indicators to see how the USA is treading. If I have questions I'll holler. Thanks for your time to actual post up.
 
Well now I can't complain about Schwab locking up and preventing me from selling yesterday. KSS went up another 10% from where it was at. Had another go up a few percent more as well.

This has been my biggest struggle so far, selling too early or selling too much at once. Although it's tough when I'm up 20-30% on a stock, but I got to remember to leave 25% of my position to ride it higher.
 
gunracer1 said:
i'm temped to cash out
Click to expand...

This.... Being retired; I may cash out a large sum of my 401k before years end while the going is good, enough to manage tax hit. Then another big dump of the 401.k at the beginning of next year, to manage the tax hit then....

I don't have confidence in Biden, with what he's been yammering on about 401k's, inheritance taxes, etc.....
 
Remember Biden can yammer on all he wants but it has to pass the Senate. We could see an entire repeat of market uncertainty come Jan and the Georgia Senate playoff race, IF the Dems look strong, and look to pickup the seat. Dem candidate is / was pastor at MLK's church so NPR is already calling the race in Dem's favor. Republicans have NEVER lost a playoff race in GA, but who knows ..............

Cash / Sitting on your hands IS a position, nothing wrong with that.

SPY puts paid on open, as did the Iron Condor I was in. Market stuck in choppy range since the open. Kills any options premiums.

NIO - posted that I thought any dip below $40 was good, and then missed the 38.20 pivot and reversal. Now back to 41-ish.

JMIA - Africa's Amazon missed earnings last night, well actually said they were closer to turning a profit than expected. Market took that as not good news so quite a sell off, and took my Jan options with them, now only up 70% on partial position, I was up over 300% at one point. Used the dip to buy Jan 21 $14 calls, and those are now up 40% - just a small position though. If history is any indicator it will chop around / consolidate for the next 4 - 6 weeks then make a run up again. Would not be afraid to add this long term either, stops just below $10, or just belows today low if running tighter. Todays doji candle (if it stays to close), and the gap fill back to Aug low (post earnings) are mildly bullish medium to long term.

Be vary careful holding anything over earnings, I may take a very small position in RKT for tonights earnings, very small lotto (it could go to zero, so understand your risk) Mortgage companies have been hot, and the stock has run back up into the low 20's so perhaps they are buying into earnings and will sell the news. I vaguely recall someone posting about RKT on this thread but cannot find the post.

I am seeing account swings 10X what they were this time last year, enough that I would have crapped my pants in normal market times. But being patient and managing risk has been key, and looking at thousands of charts, and realizing that these are not normal market times.
 
I'm currently holding shares of RKT (my biggest single stock position) and down 1.6% on it. I bought a few weeks back with the intentions of holding on to it for awhile. If it gets beat down on earnings I'll probably pick up some more.
 
XtremeJ said:
Remember Biden can yammer on all he wants but it has to pass the Senate. We could see an entire repeat of market uncertainty come Jan and the Georgia Senate playoff race, IF the Dems look strong, and look to pickup the seat. Dem candidate is / was pastor at MLK's church so NPR is already calling the race in Dem's favor. Republicans have NEVER lost a playoff race in GA, but who knows ..............
Click to expand...
If Republicans were unified.

Susan Collins will go with the the Dems most of the time and you can't count on Lisa Murkowski

You don't have Trump holding them to the fire, others will splinter.


HONESTLY, I wouldn't be shocked to see a couple change parties after inauguration. The Dems would give them ANYTHING they wanted, from plush committee assignments to huge money in support of future campaigns.
 
The gold range is 1880-1980, buy low sell high, repeat. For a 2.5x leverage buy barrick gold.

This rally will fade, it didn’t make new highs. Buy on the the dips, sell on the rips, watch out for big corrections. Like shagging the town whore, use protection.
 
Bought some GOLD at 25.51, I like it to diversify my account.

Made a noob move yesterday buying XOM thinking I'd qualify for the dividend on the Ex-day. :homer:
 
5150Jeep said:
Bought some GOLD at 25.51, I like it to diversify my account.

Made a noob move yesterday buying XOM thinking I'd qualify for the dividend on the Ex-day. :homer:
Click to expand...

Well you will only make that mistake once. At least with commission free or almost free trading those mistakes don't hurt as badly as they used to at $25/trade

Also added to GOLD today. it is nice to have at least a couple positions that will be green on those days when everything else is red. And short of major news GOLD is buy and hold for me
 
I’m adding gold, will buy some XOM and CVS on the dips. A year from now oil will look much better. Looking at some quality banks like citi and BOA on the dips.

I think we will have a pullback in the next few months. The markets are priced for perfection, so any bad news will be brutal. So I’m keeping some dry powder.
 
For the first time I actually have no negative positions on anything. It probably won't last through the day, but it's nice to see all green. :grinpimp:
 
5150Jeep said:
Down to $45. Crazy volatility that I can't handle yet. Although I don't doubt this stock could be 2x or 3x in a few years.
Click to expand...

Citron published a report, saying they believe to short the stock. Shitron is often wrong, but with how extended the stock was I am not surprised it pulled back like it did. Needs consolidation, and still think it run back to $50 towards earnings, then profit taking, and suspect it keeps going higher. Saw the other day NIO is 6th largest car company in the world, per capitilzation. TSLA # 1, Ford # 13, and Chevy did not even make the list.
 
Tesla finally made it to the S&P and went crazy overnight. Wish I had the nerve to get into it months ago.
 
Ba has been up nicely recently, as have other airlines. Broke the 150% mark since March taxes are going to be a bitch this year.
 
You must log in or register to reply here.
Top Back Refresh