Stocks - r/Stocks Daily Discussion & Technicals Tuesday - Mar 24, 2020 |
- r/Stocks Daily Discussion & Technicals Tuesday - Mar 24, 2020
- This sub desperately needs user flair indicating peoples experience / expertise level.
- Boeing CEO says it will take 'a few years' to get balance sheet back to pre-Max levels
- Can we stop asking when to invest in the stock market or when it’s going to hit bottom!
- Margin Call
- Is this a bull trap or are investors delusional?
- Buy the rumor and sell the news. Been this way for as long as I can remember.
- Any SQQQ buyers today
- Zoom
- 03/24 Tuesday is looking green
- So are ULTA puts from last week expiring worthless?
- Is today a good day to sell?
- Individual stocks VS index funds
- NYMT
- What was surprising (to the market) about today's news?
- Is selling right now and buying again tomorrow a bad idea?
- The Tale of Jesse Livermore
- A shortcut to stock's info
- March Unemployment Numbers
- Stock Watch List March 24, 2020
- Gold mining stocks to boom as gold rises; physical gold in huge demand
- Today's Stock Market News [Tuesday, March 24th, 2020]
- Thoughts on holding AMZN
- Sqqq now, or unpredictable?
- Airline's bailout debate.
| r/Stocks Daily Discussion & Technicals Tuesday - Mar 24, 2020 Posted: 24 Mar 2020 01:07 AM PDT This is the daily discussion, so anything stocks related is fine, but the theme for today is on technical analysis (TA), but if TA is not your thing then just ignore the theme and/or post your arguments against TA here and not in the current post. Some helpful day to day links, including news:
Technical analysis (TA) uses historical price movements, real time data, indicators based on math and/or statistics, and charts; all of which help measure the trajectory of a security. TA can also be used to interpret the actions of other market participants and predict their actions. The main benefit to TA is that everything shows up in the price (commonly known as "priced in"): All news, investor sentiment, and changes to fundamentals are reflected in a security's price. TA can be useful on any timeframe, both short and long term. Intro to technical analysis by Stockcharts chartschool and their article on candlesticks If you have questions, please see the following word cloud and click through for the wiki: See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday. [link] [comments]  |
| This sub desperately needs user flair indicating peoples experience / expertise level. Posted: 24 Mar 2020 08:18 AM PDT Would make posts here so much easier to understand and have context. [link] [comments]  |
| Boeing CEO says it will take 'a few years' to get balance sheet back to pre-Max levels Posted: 24 Mar 2020 08:12 AM PDT Boeing is seeking $60 billion in government aid for itself and the supply chain to combat the coronavirus. The aviation industry is at the epicenter of the virus as travel demand plummets. Boeing is shutting down its aircraft production in the Seattle area. [link] [comments]  |
| Can we stop asking when to invest in the stock market or when it’s going to hit bottom! Posted: 23 Mar 2020 11:13 PM PDT The amount of times I've seen this. The answer is that no one can accurately predict when it will hit bottom. Best just do your own research and make a decision yourself. Also stop asking when you should invest there's to many factors to decide when you should. Again do you own research and decide for your self. [link] [comments]  |
| Posted: 24 Mar 2020 12:55 PM PDT So I was looking at MFA Financial, and I see they missed their Margin Call. So the stocks plunged 80%. They had a pretty strong stock, but now that they missed their call is this the end for them? I'm confused how this works for a company that misses their margin call. [link] [comments]  |
| Is this a bull trap or are investors delusional? Posted: 24 Mar 2020 07:31 AM PDT Wild swing! Hard to make sense of anything these days, what's your take on this bounce? [link] [comments]  |
| Buy the rumor and sell the news. Been this way for as long as I can remember. Posted: 24 Mar 2020 11:18 AM PDT Be ready for the "how the fuck does the market sell on good news!?!?" "This makes no sense!?!?" And all the self justifications on why they are right but their positions are down. Market never makes sense. [link] [comments]  |
| Posted: 24 Mar 2020 05:01 AM PDT Anyone looking at buying into SQQQ today, if so what price are you looking to buy at? [link] [comments]  |
| Posted: 24 Mar 2020 05:47 AM PDT I work for the government and just used zoom for the first time for an impromptu video telecon. Zoom worked smoothly and was very intuitive to use. I have used other services in the past sporadically mostly because they were terrible. Ive been baffled that in the 21st centure something like zoom did not exist 10 years ago. What do folks think of their stock? It looks like its been rising in price rapidly as of the last few weeks which im guessing can be attributed to covid19. [link] [comments]  |
| 03/24 Tuesday is looking green Posted: 24 Mar 2020 05:15 AM PDT This is starting to be a trend, after red Mondays, having green Tuesdays. The green wave started in Asia with Japan and South Korea going up 7 and 8% respectively. Chinese stocks finished up over 2%. Europe started very strongly, all major markets were up around 4% at the open. As stocks are trading at this time (7 45 AM ET) all markets are up from 4 to 6%. This positive move is slightly strange since the news cycle is mixed during the night: The Chinese economy is expected to be down around 11%, a bigger hit than anticipated PMI data from France, Germany and EU came in lower than expected on Composite and Service PMIs. But Manufacturing PMI beat estimates, signaling good signs for the factories and producers Italy had a decline in daily deaths two days in a row Great Britain is going on a stricter lock down, with citizens allowed to go out only for food, medicine, work and only one exercise activity (walk, run or riding bike) President Trump is thinking of getting the economy back to work as soon as possible, with sources from the White House speculating early April. The positive movements got translated in the futures markets as all major US futures are up for all of last night. For some time they hit their limit highs at 5% as the European markets opened. At this time (7 45AM ET) futures are being traded, but are right below the limits, up around 4.8%. There is optimism in the Senate for the stimulus bill, and I do believe today they will reach a deal. If this news hits the markets we could see the pre-market rally intensifying to the up side. We are expecting PMI data at 9 45 AM ET and that news will definitely move the market in the way the data comes up (up if it exceeds, down if it misses). There are multiple signs of the stock market stabilizing in the past 2-3 trading days and this is going to get translated in an attempt for a rally. For today I recommend waiting for the PMI data and the market to calm down after the open. I will be looking to come in the market around 12PM, as news for the stimulus bill starts coming out. Buy at this time and to be safe hold for a couple of % gain and get out. We still have uncertainty during the nights, all kinds of news can hit and you do not need to be exposed to overnight risk. If you are looking at a longer term, buying companies that will benefit from the bailout is a good idea, since their stock has been hammered and there is no question that they will get this help. Good luck! [link] [comments]  |
| So are ULTA puts from last week expiring worthless? Posted: 24 Mar 2020 01:18 PM PDT After this huge green surge, ULTA stands at almost 180 after I bought $110 puts last week for 4/17 when it was at 140. Do ULTA puts have any chance of getting back in the money soon? [link] [comments]  |
| Posted: 24 Mar 2020 09:24 AM PDT I bought 10k worth of hotel and airline stocks last Wednesday for super cheap, 52 week low for ALL of them. They went up significantly in 6 days, now worth 17k. Should I sell today and hope they'll go back down in the next few days/weeks so I can rebuy? Or should I keep them because they'll keep going up? [link] [comments]  |
| Individual stocks VS index funds Posted: 24 Mar 2020 06:06 AM PDT For first time investors just starting out during a time where market has seen severe losses, what would you recommend they invest in? Individuel stocks in established companies that are undervalued right now, or standard index funds and just ride the wave until one is ready to sell. Any feedback is greatly appreciated and I hope you all stay safe out there. [link] [comments]  |
| Posted: 24 Mar 2020 12:30 PM PDT Took a 45% dive down to $1.08 after being at $5.46 March 10th. Evan after the shut downs in CA and NY the stock was still at $3.50. Shareholders started dumping overnight when NYMT said they would not be able to meet margin calls. No credits/banks have issued default letters so now NYMT has the flexibility to negotiate with them. Huge opportunity for the stock to make a big jump. [link] [comments]  |
| What was surprising (to the market) about today's news? Posted: 24 Mar 2020 10:34 AM PDT I wasn't expecting to see the market react so positively - I thought the Fed's moves and Congress's moves today were already priced into the market. Was there something unexpected that came out? A broader question I have is how does one know when things like these are already priced in... 🤔 [link] [comments]  |
| Is selling right now and buying again tomorrow a bad idea? Posted: 24 Mar 2020 09:08 AM PDT I am a 16 year old who just entered some long term investments after watching how the market reacted to corona. I have about 3000 in the market split between SPY and QQQ. I've had this for about a week and right now both of them are up 120 dollars. Would selling right now, cashing out, and then buying again tomorrow or when the prices drop with the additional 120 invested be a good or bad idea? UPDATE: I took some of your advice and talked it over with my dad and decided to sell and make a profit of $142. May I say that was quite a rush. After we sold we slowly watched it climb and realized we could have made a profit of $150 but that's not too big of a deal. I am hoping the market goes down again so I can re enter but I realized that in order to buy back my position may lose upwards of 100 dollars but selling at a point like that should allow me to purchase another share of QQQ, Tesla, Disney, or GE. I figured that in this case I would be able to handle the worst case scenario and based on where we are in corona it is much more likely that it continues a downtrend instead of rebounding. Either way I feel comfortable in my decision and hope it all turns out well. Thanks for your advice! [link] [comments]  |
| Posted: 24 Mar 2020 01:52 AM PDT Jesse Lauriston Livermore, who would later come to be known as The Boy Plunger and The Great Bear of Wall Street, was born in to an impoverished family in Shrewbury, Massachusetts on July 26th, 1877. In 1892, at the age of 15, he ran away to Boston and took on a job posting the stock quotes at the Paine-Webber brokerage firm. This job afforded him much time to observe the price fluctuations throughout the day. In very little time he began to realize that he had a natural aptitude for major price moves and changes. He began keeping a record of his predictions just for the sake of measuring his accuracy and he found himself to be accurate far more often than not. One day a young friend of his approached him and told him he had a tip that Chicago, Burlington and Quincy was going to go up the next day and proposed the idea of buying some. Jesses checked his record book to find that he believed the stock to be going up as well, so they headed over to a Bucket Shop ) and Jesse bet $5 on the stock to go up. He made 62.4% profit on the trade, a cool $3.12, and it wasn't long before The Boy Plunger was earning significantly more betting at the bucket shops then he was back at the brokerage firm posting prices. His reputation as a major winner became well known and eventually he had to resort to the tactic of wearing a disguise in order for his bets to be accepted at the bucket shops. Because of the way that bucket shops take bets and don't actually buy any assets, they counted on losing customers and got sick of paying out the youthful Boy Plunger. It ultimately got to the point where he was no longer welcome in ANY of the bucket shops and so he quite literally dried up all of the action in Boston-area bucket shops. There was only one place that was obvious to go: Wall Street. He arrived in New York City with $10,000 that he had earned scalping micro fluctuations back at the bucket shop taking advantage of quick execution (because there was no execution actually occurring 🤣). He expected to be able to do the same thing except through the means of legitimate brokers. He wasn't aware that there would be a delay in the execution resulting in the trade being executed at a different price than what he originally placed the market order for. If he attempted to put in a limit order, his trades wouldn't be filled. If he put in a market order, he would have already missed the minor move that he was betting for. These execution delays were sufficient enough to render his particular strategy developed in the bucket shops useless and he quickly found himself broke in the Big Apple. Not a fun place to be. After getting his first lesson in going bust, The Boy Plunger left New York to go find action in the game he knew: gambling in Bucket Shops. He headed down to St. Louis, Missouri and promptly ran back up a stake to take back to Wall Street to give it another shot. After returning to New York, he eventually figured out the game of trend following and swing trading, earning his first $1,000,000 within a short period of time. Soon he was one of the largest traders in the world. Jesse seemed to have an uncanny ability to predict price moves from strange intuition. The night before the tragic San Francisco earthquake in 1906, he had a dream that inspired him to short sell a huge position in Union Pacific Railroad. He made over $250,000 off of that trade. In the panic of 1907, The Great Bear was prepared with a sizable bankroll and he cleaned up with $1,000,000 in profits in one day. His friend, J.P. Morgan, had to convince Jesse to ease up all the selling pressure on the already-collapsing market after J.P. Morgan personally bailed out the NYSE. Jesse promptly reversed his short position to long and made another few million in the process. But the good times wouldn't last forever. Jesse went bankrupt multiple times, only to climb his way back up to becoming the largest trader in the world at the time, and repeating this cycle multiple times during his career. During World War 1, the German's submarines had destroyed so much of the world's commercial shipping fleet that Jesse considered it a synch to buy coffee that had to be shipped internationally from South America to the United States and elsewhere. He bought up huge positions and held and held for an extended period of time. It was his longest, biggest and most well-thought out trade to date, as he usually went off technical signals rather than fundamentals of the global commodity market. But just as he was prepared to liquidate the massive multi-million dollar profits he had earned, the U.S. Congress enacted a bill setting price controls on coffee to pre-war levels, specifically targeting "profiteers" on Wall Street. This was a valuable lesson for The Boy Plunger that taught him that no matter how much you learn and how much experience one might have in the markets, there are always unpredictable factors that can come in to play at any moment. It wasn't just the market alone that one had to beat, but the whole world in a way. When it came time for the market to come crashing down in 1929, The Great Bear was prepared once again with a bankroll to do some serious speculating. By 1930, he had amassed profits in excess of over $100,000,000! This made him one of the richest men in the world at that time. But as was his style, he managed to give it all back in a matter of years and after a wild ride that reached the highest highs and the lowest lows more than once, The Boy Plunger committed suicide in the coatroom of the Sherry-Netherland hotel in Manhattan. So goes the tragic ending to one of the most enduring and enigmatic figures to ever show up at Wall Street. There are many lessons one can glean from the life of Jesse Livermore. https://www.trendfollowing.com/whitepaper/Edwin_LeFevre_Reminiscences_of_a_Stock_Operator.pdf -timeless classic biography on Jesse Livermore https://www.r-5.org/files/books/trading/speculation/Jesse_Livermore-How_To_Trade_In_Stocks_(1940_original)-EN.pdf - Livermore's book on trading. [link] [comments]  |
| Posted: 24 Mar 2020 12:13 PM PDT Hello there, I just made a browser extension and decided to share with you. It helps you to quickly search for a stock in most common stock's websites (at the moment, you can choose between: MarketWatch, Yahoo Finance and Nasdaq). I did this because I like to search throughout the web for new stocks and most of the time, like here, people just post the ticker symbol and when there are tons of tickers to copy/paste, it gets tiresome after some time. So, this is basically a shortcut for those situations. Firefox: https://addons.mozilla.org/pt-PT/firefox/addon/stockfinder/ Chrome: https://chrome.google.com/webstore/detail/stockfinder/hfgcmflfidjemoomcfilldpjefkecbmp Have a nice day. [link] [comments]  |
| Posted: 24 Mar 2020 07:27 AM PDT Just wanted some more opinions on this topic. The department of labors is going to release the number for March next Friday. Current;y I don't think that is priced in atm. IMO I feel like there will be another round of sell off from panicked investors after seeing the numbers. [link] [comments]  |
| Stock Watch List March 24, 2020 Posted: 24 Mar 2020 05:51 AM PDT Good Morning. Here's my watch list Gap Ups: AAPL, AMD, BA, BIDU, DAL, LYFT, LYV, NUGT, NVAX, NVDA, RCL, ROKU, SAVE, SHOP, SPCE, TDOC, TTD, UBER, WDC, WYNN, Z Gap Downs: MIST SPY sitting right underneath the 234 pivot which is acting as resistance pre market. All gappers are gapping up with the market, not any earnings plays and almost all gappers are sitting at the 9 EMA. There is lots of stocks gapping and plenty will be tradeable, I just picked what I thought were interesting to me. Not sure how today goes. If SPY can get over 234 and hold, that is a good sign. If the markest is strong, hopefully these stocks can break the 9 ema and we should get some nice plays. Since there is no catalyst we are dependent on the market so pay attention to SPY and QQQ for timing. Trades have been working pretty good. If you are new and have any questions, comment or shoot me a message. Good luck trading [link] [comments]  |
| Gold mining stocks to boom as gold rises; physical gold in huge demand Posted: 24 Mar 2020 09:35 AM PDT Gold spiked up early in the morning, up around $120. Still up around $60, at $1622 an oz. I've been looking through all of the online reputable bullion dealers, they're all asking at least $1662 an oz. If you wanted to buy a 1 oz Canadian maple leaf coin it's going to cost you $1800 per coin. The premiums are going up as physical demand rises. As people finally realize the federal reserve is going to permanently monetize debt, the dollar will tank. I think we're going to see $2000 an oz gold in 2-3 months if not weeks. The gold mining stocks will outperform the metal due to their forward looking nature. Both great to have, you always want some physical first though. Silver is also a great buy at $14.15, the coins are selling for around $22-23. I expect silver price to boom after gold breaks $1800. [link] [comments]  |
| Today's Stock Market News [Tuesday, March 24th, 2020] Posted: 24 Mar 2020 05:30 AM PDT Good morning traders and investors of the r/stocks sub! Welcome to Tuesday. Here is your stock market news this AM-Today's Top Headlines for Tuesday, March 24th, 2020
STOCK FUTURES CURRENTLY:(CLICK HERE FOR STOCK FUTURES CHARTS!)YESTERDAY'S MARKET MAP:(CLICK HERE FOR YESTERDAY'S MARKET MAP!)TODAY'S MARKET MAP:(CLICK HERE FOR TODAY'S MARKET MAP!)YESTERDAY'S S&P SECTORS:(CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)TODAY'S S&P SECTORS:(CLICK HERE FOR TODAY'S S&P SECTORS CHART!)TODAY'S ECONOMIC CALENDAR:(CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)THIS WEEK'S ECONOMIC CALENDAR:(CLICK HERE FOR THIS WEEK'S ECONOMIC CALENDAR!)THIS WEEK'S UPCOMING IPO'S:(CLICK HERE FOR THIS WEEK'S UPCOMING IPO'S!)THIS WEEK'S EARNINGS CALENDAR:($MU $LULU $NKE $PAYS $SIG $PAYX $GME $ONTX $CSIQ $JT $INFO $GO $WGO $LX $SCVL $SNX $HOME $BWAY $AEYE $KBH $RKDA $FDS $ERJ $PRGS $OPGN $SCS $NEOG $PUMP $HYRE $AIR $MYOS $LIQT $SAIC $SCWX $ESLT $VTSI $OCGN $QIWI $WOR $TNP $HTHT) (CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:($INFO $LX $AEYE $NEOG $TNP $CMCM $VTSI $YJ $QIWI $ECOR $EH $DMAC $PANL $FENG $CANG) (CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!)EARNINGS RELEASES BEFORE THE OPEN TODAY:(CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES!)EARNINGS RELEASES AFTER THE CLOSE TODAY:(CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES!)YESTERDAY'S ANALYST UPGRADES/DOWNGRADES:(CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #1!)(CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #2!)(CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #3!)(CLICK HERE FOR YESTERDAY'S ANALYST UPGRADES/DOWNGRADES LINK #4!)YESTERDAY'S INSIDER TRADING FILINGS:(CLICK HERE FOR YESTERDAY'S INSIDER TRADING FILINGS!)TODAY'S DIVIDEND CALENDAR:(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR!)THIS MORNING'S MOST ACTIVE TRENDING TICKERS:
THIS MORNING'S STOCK NEWS MOVERS:(source: cnbc.com)
DISCUSS!What's on everyone's radar for today's trading day ahead here at r/stocks? I hope you all have an excellent trading day ahead today on this Tuesday, March 24th, 2020! :)[link] [comments]  |
| Posted: 24 Mar 2020 01:48 PM PDT AMZN has come back up to a reasonable amount and doesn't seem to be taking as big a hit as some of the other stocks because it is a company in actual demand right now with the delivery and tv service. So what's peoples thoughts on holding this or selling now while it's back up a little bit? Do we think this company will eventually be hit by the corona at some point harder? [link] [comments]  |
| Posted: 24 Mar 2020 08:21 AM PDT |
| Posted: 24 Mar 2020 04:50 AM PDT Democratic U.S. lawmakers on Monday proposed giving struggling U.S. airlines and contractors $40 billion in cash grants that would not have to be paid back but require significant new environmental, labor and other conditions. The U.S. House of Representatives bill, which provides $2.5 trillion in stimulus and assistance to the U.S. economy in the face of the coronavirus outbreak, would award $37 billion in grants to airlines and $3 billion in grants to employees of ground-support and catering contractors. Airlines could also receive $21 billion in loans that would be at zero percent financing for the first year. Airlines for America, a trade group representing major airlines , told Congress in a term sheet Monday seen by Reuters that if passenger and cargo carriers got $29 billion in grants it would "permit us to save hundreds of thousands of jobs and preserve service to every community currently served in the United States for a period of time." The term sheet said that if Congress added conditions to government loans it could "render the loans unusable, because the process provided to businesses via U.S. bankruptcy law is more attractive." Republicans and Democrats were still struggling on Monday to reach agreement on a far-reaching coronavirus stimulus package, including the airline aid, after failing to reach a deal over the weekend. Republicans have opposed providing bailouts to the passenger and cargo carriers, proposing help in the form of $58 billion in loans and saying the government could demand stock, options or other equity as part of those loans. The House bill would also set aside $1 billion to eliminate high-polluting airplanes. It would cap chief executive pay at no more than 50 times the median pay of employees and bar stock buybacks. It would also require that "no additional aircraft heavy maintenance work is outsourced to repair stations abroad" and require airlines to have a labor union-designated director. Airlines would have to maintain "at least $15 minimum wage for all employees or contracted workers." Airlines receiving assistance would need to fully offset their carbon emissions starting in 2025 and reduce carbon emissions 25% by 2035 and by 50% by 2050. They would also be required to tell customers the amount of carbon emissions attributed to their flights. Airlines made a plea over the weekend that $29 billion of $58 billion sought in assistance be in the form of cash grants. In return, they offered to make no job cuts through Aug. 31 and to accept curbs on executive pay and forgo paying dividends or stock buybacks. Airlines including United Airlines Holdings Inc have also said they are encouraging employees to apply for voluntary unpaid leaves of absence among other measures aimed at saving costs. Globally, the number of scheduled flights last week was down more than 12% from a year ago, flight data provider OAG said, and many airlines have announced further cuts to come as demand continues to drop. Southwest Airlines Co became the latest U.S. airline to slash its capacity by about 25% on Sunday, bringing forward and increasing cancellations that were initially due to run between April 14 and June 5. The cancellations include the suspension of all international flying until May 4, it said. [link] [comments]  |
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