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04-25-2022, 07:42 PM
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#3721
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,646
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This was the absolute safest bet of the week that the market would go up at some point today, and stay up at the end...
The rest of the week is COMPLETELY up in the air with earnings coming from Microsoft & Google (tomorrow), Facebook (Wednesday) and Apple & Amazon (Thursday).
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04-25-2022, 07:46 PM
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#3722
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by PaceAdvantage
This was the absolute safest bet of the week that the market would go up at some point today, and stay up at the end...
The rest of the week is COMPLETELY up in the air with earnings coming from Microsoft & Google (tomorrow), Facebook (Wednesday) and Apple & Amazon (Thursday).
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Correct....I own MS and APPLE ...both were up today....fingers crossed
Todays earning were up and over...don't expect bad news future
except maybe FB.....
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04-25-2022, 07:54 PM
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#3723
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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April is down 250 pts.....
if we don't make it up.....it will break April's historically good name..
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04-25-2022, 09:47 PM
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#3724
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,646
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Quote:
Originally Posted by geroge.burns99
Correct....I own MS and APPLE ...both were up today....fingers crossed
Todays earning were up and over...don't expect bad news future
except maybe FB.....
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"No bad news" isn't good enough anymore.
Today's move up in the last few hours represented a 50% retracement of the move down that happened on Friday.
A 50% retracement of the down move that started last Thursday and stopped temporarily this afternoon (a move that was worth 300+ points on the S&P futures, which is a pretty big move in only a few days), would bring the market up to 4351.50, which is only about 50pts higher from where we are right now.
So really, IMO, there isn't much upside left...I expect one or more of the big names this week to really disappoint the market.
The volume on today's "reversal" was weak compared to the reversal days on 1/24 and 2/24 of this year (interesting how the reversals keep happening on or about the 24th of the month).
This week's big earnings will provide the excuse....
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04-25-2022, 11:28 PM
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#3725
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,764
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Quote:
Originally Posted by geroge.burns99
Correct....I own MS and APPLE ...both were up today....fingers crossed
Todays earning were up and over...don't expect bad news future
except maybe FB.....
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Morgan Stanley looks like a complete train wreck to me. i wouldn't doubt to see that one cut in half in this market real soon.
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04-26-2022, 01:01 PM
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#3726
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Registered User
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
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Yesterday 4-25-22 I scooped up some more S&P500 ETF funds and hopped into a new position (DIVO) that I had been waiting to get in for a reasonable entry point.
Nothing looks enticing so outside of nibbling on Bond Funds and S&P500 ETF's on the way down I'm sitting on cash waiting for the slow circling of the drain to continue.
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04-26-2022, 01:04 PM
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#3727
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Registered User
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
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Quote:
Originally Posted by lamboguy
Morgan Stanley looks like a complete train wreck to me. i wouldn't doubt to see that one cut in half in this market real soon.
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I've tried to talk myself into banks several times in the last 6 months, rising rates should be good for them, but their performance the last time the shit hit the fan has me holding back. I just know that whatever bad news comes economy or default wise those stupid fuckers are going to be right in the middle of it, with a tanking stock value.
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04-26-2022, 01:32 PM
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#3728
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Registered User
Join Date: Apr 2003
Location: Willamette Valley, Oregon
Posts: 1,622
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ARCH just beat biggly, BTU reports Thursday and I expect they will too.
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04-26-2022, 02:48 PM
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#3729
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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S & P approaching 4160.....
Below that is the proverbial cliff!!!
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04-26-2022, 05:00 PM
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#3730
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by geroge.burns99
S & P approaching 4160.....
Below that is the proverbial cliff!!!
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PREDICTION:
FREE FALL TOMORROW!!!!!
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04-26-2022, 05:36 PM
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#3731
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Registered User
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
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Quote:
Originally Posted by geroge.burns99
PREDICTION:
FREE FALL TOMORROW!!!!!
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I don't think we will really get a free fall day out of this decline. Probably more like a long slow decline.
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04-26-2022, 09:15 PM
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#3732
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Registered User
Join Date: Apr 2003
Location: Willamette Valley, Oregon
Posts: 1,622
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Rex, are you posting from the Blackboard Cafe? 
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04-27-2022, 11:19 AM
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#3733
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by geroge.burns99
PREDICTION:
FREE FALL TOMORROW!!!!!
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at least support levels are respected...so far
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04-28-2022, 02:49 PM
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#3734
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,646
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So, is the market running up just to crash on Apple/Amazon earnings? Or will there be a massive short squeeze on top of this run up if they blow out their earnings calls?
Or will the day end in neither a plunge or further surge...but merely a whimper?
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04-28-2022, 02:53 PM
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#3735
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by PaceAdvantage
So, is the market running up just to crash on Apple/Amazon earnings? Or will there be a massive short squeeze on top of this run up if they blow out their earnings calls?
Or will the day end in neither a plunge or further surge...but merely a whimper?
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tell us please
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