Originally Posted by Hammock Parties:
I still believe it will be a short downturn.
End of this week we'll be back up.
This summer will be interesting. Usually summer is volatile because people are taking vacations and such. Now you got people postponing vacations, working from home and what not. And you are gearing up for an election. There aren't any calm seas on the horizon. My signals have all kicked into sell mode. How long is anyone's guess but if you are trading I would probably be selling on up days. [Reply]
Before all of this covid stuff started, I viewed a 2 percent price swing on a stock as notable. Now I routinely have days where multiple stocks are swinging 5 percent or more, and i just shrug. [Reply]
Originally Posted by lewdog:
Up swing rest of week.
I can feel it.
It's good that you can feel it but I am not sure yet. Today was a good bounce. My favorite days are days that open lower and close higher. That's actually a more healthy type of an up day than one that opens higher goes higher.
That being said we are close to having what they call and outside day and volatility is picking up. Neither are great for the bulls. Volatility is great for active day traders and bears. Lack of volatility is great for investors and bulls.
Now my technical breakdown of things as they stand this minute is we are showing support at the 200 SMA. We bounced off of it Friday and opened below it today bit are now back above it.
We are also holding above the 20 SMA they we are straddling it but that is still good.
The 20 SMA broke above the 200 SMA last Friday despite the sell off and that again is good.
We have been above the 50 SMA since the middle of April and we were looking to test that today but we pretty much went straight up at the open.
The 50 SMA is still below the 200 SMA and many will say until that crosses you are not yet in bullish territory.
Volatility is picking back up which is never good for an uptrend.
Speaking of trend, we have pretty much flattened right after we started to actually show an uptrend just a week ago. Thursday literally blew that up.
If you're a buy the dip kind of person you should be buying here. I personally don't care for the pick up in volatility over the last few days and would like to see things calm down a bit. [Reply]
Originally Posted by :
Over the five-year period, 82.38% of large-cap managers, 87.21% of mid-cap managers, and 93.83% of small-cap managers lagged their respective benchmarks.
Lets see some sustained success before you start sucking your own dick. [Reply]
To people in this thread who have a brain (aka not Clay), are you expecting another big drop in the near future or over these next 6-ish months? [Reply]
Originally Posted by ThaVirus:
To people in this thread who have a brain (aka not Clay), are you expecting another big drop in the near future or over these next 6-ish months?
(Taps head to confirm brain presence.)
My theory is that we'll see another drop as a second wave of Covid comes around. But it won't be as big or abrupt as the first because we know a lot more now. So maybe a 5 or 10 percent drop that's more of a skid downward than a fast decline. It'll slowly climb or just stagnate, and then we'll get a vaccine next year and it'll take off again. I think we might get a small bump after the presidential election, too. [Reply]
