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31 October 2020, 02:27 AM | #5221 | |
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Well I have no crystal ball, I just ask a lot of annoying questions Would you rather sell here? And do what? Yes it could get worse, it could get a lot worse. What would you do then? I would like to be a buyer as I have been today. Where will we be in 12 months? Higher I believe. Stop looking at the markets and enjoy your Friday!
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31 October 2020, 02:32 AM | #5222 |
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Have been a buyer a lot this morning, namely:
AMZN, TSLA, CRM, MELI, DOCU, U. Also initiated a position in FROG, which I have been watching throughout the month.
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31 October 2020, 02:47 AM | #5223 | |
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You only lose if you sell. Today was the first day I looked at my account this week. It was down, a bunch, my response is to buy more. That said I see gale force short term headwinds if joe gets in. People are going profit take like mad to try and avoid larger cap gains tax...even though he mentioned retroactively implementing his new, genius tax code. Sent from my iPhone using Tapatalk |
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31 October 2020, 02:59 AM | #5224 | |
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+1 Sent from my iPhone using Tapatalk
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31 October 2020, 03:24 AM | #5225 | |
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Good advice, hope everyone has a nice weekend. |
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31 October 2020, 03:41 AM | #5226 |
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Contemplating a few things today to add, still watching.
Question for the chart technicians: Over the past 3 months, we see the apparent double top on the S&P, but it has not yet broken through 3200 support to confirm. If we go back two weeks, were there any indicators to suggest it was more of a double top compared to say the start of a cup/handle pattern? And now where we're at, are there any chart indicators to suggest whether we are about to break lower to confirm the double top, or if it will more likely be a fake and head higher? Curious to learn more about this and chart analysis in general |
31 October 2020, 03:48 AM | #5227 |
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Just added ma- too tasty to pass up
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31 October 2020, 04:08 AM | #5228 | |
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To me those are still both lagging indicators and we won’t necessarily get confirmation until after they’ve happened. I’m still very new to technicals in the grand scheme of things, so please take my comment with a grain of salt. That being said, I don’t believe it looked like a cup and handle to me, but more like a V. We are at good horizontal support as well as trend line support off the March lows. But won’t know until market makes the next move to know which it was. If it bounces, I’ll go long SPY again, if it tanks I may short SPY down to around 3100/3070 or so. I’m not sure if that helped or not... Sent from my iPhone using Tapatalk |
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31 October 2020, 05:04 AM | #5229 |
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Bought some AMZN, TDOC, and PIN. Great discounts today!
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31 October 2020, 06:05 AM | #5230 | |
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https://www.barrons.com/articles/wor...?mod=hp_LATEST
3200 has held nicely each time we've approached. Crazy day in tech, but the rest of the market isn't terrible - so a bit of good news. Not upset about how we closed. Quote:
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31 October 2020, 06:07 AM | #5231 |
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Purchased AAPL, AXP, AMZN, WMT today. All long term holds.
WMT is a slight gamble, however I think with the holiday season and WMT+ it'll do well and hold after. Have a great weekend everyone! |
31 October 2020, 06:08 AM | #5232 | |
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Ya, nice strong end to the day (at least what I was watching). Sent from my iPhone using Tapatalk |
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31 October 2020, 07:46 AM | #5233 | |
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31 October 2020, 11:38 PM | #5234 |
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REALLY glad that I bought DNKN along with the other drive thru stocks that powered right through the pandemic. MCD, YUM, PZZA, SBUX, DPZ etc.
Down with the rest of the market but holding and earning. |
1 November 2020, 12:49 AM | #5235 |
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Wow! We went to the coast this past week and I did not look at my portfolio, (or even read any news). Quite a surprise when I looked this morning. Ouch! But at least I swam in the ocean and had some sun.
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1 November 2020, 11:33 PM | #5236 |
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I look at my portfolio every 20 minutes.
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2 November 2020, 09:29 PM | #5237 |
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Going to be a busy week, need to stay focused
A lot of info to analyze, Futures up +424 early
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2 November 2020, 09:41 PM | #5238 |
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Trump, Biden, Fed, Jobs and Dunkin' - 5 Things You Must Know Monday
https://www.thestreet.com/markets/5-...-monday-110220 WM, PYPL, WCOM, SWKS, CVS earning this week, I am long all of those names CLX, MPC just announced beats
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2 November 2020, 10:44 PM | #5239 |
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https://www.cnbc.com/2020/11/02/euro...us-weighs.html
Asian and European markets both rose today, and futures up. Was last week the "bottom" for now? Time will tell, but I think we'll still see volatile trading throughout the next few weeks, if not months. At the very least, the 3200 level seems to be holding well for now. I bought a lot last Friday and am going to wait it out for a bit. I'm not in a buy-the-dip mentality right now and would like to see if 3200 truly holds. Funny what a new week will do to you.
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2 November 2020, 10:56 PM | #5240 | |
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I expect a lot of volatility this week so it may be wise for some to simply not look if your goals are farther out.
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2 November 2020, 11:30 PM | #5241 |
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Sounds like many of us are bracing for a volatile week & more.
My conservative priced stops are active and cash is waiting patiently to be spent. - The Stock Market Is Bouncing Back Big Time. Mondays Aren't to Be Trusted. -- Barrons.com Today 8:01 AM ET (Dow Jones) “ It's a typical Wall Street Monday as traders take their seats in front of their screens -- even if it doesn't feel like one. There's a massive amount of news coming. The election is the big one, but there's a Fed meeting ending on Thursday, payrolls on Friday, and 130 S&P 500 companies set to report earnings. The continued rise in Covid-19 cases hangs over everything. Stocks, however, are rebounding from last week's selloff. S&P 500 futures are up 1.8% Monday morning. Perhaps the market is feeling more confident about the election outcome Tuesday, though the betting markets are giving Joe Biden a 65% of a win, relatively unchanged in recent weeks. Deals may be moving stocks, too. Nielsen shares are up about 10% after the company announced it is selling its retail tracking business to a private-equity firm for $2.7 billion. Or maybe it's just a typical Monday. The S&P 500 has moved 1% or more in either direction every Monday since the end of August That's a lot of volatility -- and it hasn't been good for the market. The S&P 500 has dropped 6.6% since the end of August. It's a reminder that uncertainty usually isn't good for the market -- even when it seems otherwise.” |
2 November 2020, 11:43 PM | #5242 | |
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Either remove the stops if you intend to hold for the longer term or tighten them to protect profits and capital. Personally I have removed my stops as I intend to ride through this and I am focused 12-18 months out when I will be retired and I expect the markets to be higher. I do not wish to be stopped out of holdings that I would like to average down in. And I will be watching short term trades to see if I need to sell during the day. In short, either stay very focused or take a step back and look again later on.
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3 November 2020, 12:21 AM | #5243 | |
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Talking Stocks 2.0
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Agreed. For my long holds, my stops are very conservative in terms of trying not to hit it unless there is a disaster. For me , stops are a blessing & curse. They can be both good & bad regardless if you are long or short. - My stop on DKNG helped me sell at $51 & buy back in at lower prices. - Hurt me with TSLA though. Sold at $401 but didn’t buy back in enough at $340ish. Had a very low buy-in. - I didn’t extend a stop’s GTC expire date on UWTIF which costed me dearly. Just forgot to do it. Then factor in the tax implications when a stop can easily turn a long investment into a short. Ugh. |
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3 November 2020, 01:11 AM | #5244 | |
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I'm glad the market is taking a breather from down, though. Hopefully the stark sell-off last week blunts any election effects. |
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3 November 2020, 01:17 AM | #5245 |
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I did not buy last week, figured this is the big week to see where we go. Have some cash ready in the event of a further dip, but whether I buy or not I think will depend on the news that prompts that dip. No stops currently, I’d be looking to average up in most of my positions on a bigger dip, and potentially open some new ones, maybe some long calls, we’ll see.
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3 November 2020, 04:55 AM | #5246 |
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Strong reversal from the action during the opening bell, tech especially.
Seems to me that we're continuing down the same past we were going last week. Not a lot of buyers out there...
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3 November 2020, 04:58 AM | #5247 |
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Anyone tempted by FSLY currently? It was at 126 not long ago, almost half price now... sure they missed earnings but long term that's got to be a bargain? Seems a bit dramatic the sell off?
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3 November 2020, 05:06 AM | #5248 | |
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Not a lot of technical support until around 50 or so. So I won’t even be interested before then unless it proves it’s going to stop falling. Sent from my iPhone using Tapatalk |
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3 November 2020, 05:27 AM | #5249 |
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https://www.cnbc.com/2020/11/02/chan...tter-more.html
Hoping this doesn't get pulled because of politics, as it pertains to the Fed and stock market action. A good read.
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3 November 2020, 10:05 PM | #5250 |
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Futures up over 400....see what holds into the close
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