The Market 2021

Discussion in 'Finance, Investments, and Careers' started by Folster, Jan 7, 2021.

  1. dscher

    dscher Registered

    Posts:
    5,081
    Likes Received:
    2,265
    Joined:
    Sep 3, 2008
    Location:
    Mesa, AZ
    GME still looks primed for lift off.. the consolidation gave it time to build energy for that next move to 400! We shall see.. cool stock to chart and witness the hype behind it.
     
  2. BigRedRage

    BigRedRage Reckless Contributor

    Age:
    38
    Posts:
    45,588
    Likes Received:
    10,318
    Joined:
    Mar 25, 2005
    Location:
    SE valley
    Their recent hirings have been fantastic, taking advantage of this opportunity and rebuilding the business.
     
    dscher likes this.
  3. BigRedRage

    BigRedRage Reckless Contributor

    Age:
    38
    Posts:
    45,588
    Likes Received:
    10,318
    Joined:
    Mar 25, 2005
    Location:
    SE valley
    starting to think BA is totally recovered and will just be a slow possible growth stock depending on war. Airlines picking up will help them but based on 5 year charts, it may not bring the stock significantly higher. Over the 5 years, it boomed from 2016-2020 but that could be a presidential administration thing and a focus on building military during that time frame.Considering selling on the next spike and moving on, this was a BTD stock for me when covid hit the market

    upload_2021-3-4_9-32-23.png
     
  4. dscher

    dscher Registered

    Posts:
    5,081
    Likes Received:
    2,265
    Joined:
    Sep 3, 2008
    Location:
    Mesa, AZ
    Screenshot_20210304-095834.png

    This is what I'm seeing with BA. We are at an inflection point. We clear that 235 on a weekly basis where I put a horizontal line and prior highs(resistance) than it should be ready to rock up to that red line (200 ma). But if we don't, uh oh. Sorry, always bearer of potential doom with me, I know. :)
     
  5. BigRedRage

    BigRedRage Reckless Contributor

    Age:
    38
    Posts:
    45,588
    Likes Received:
    10,318
    Joined:
    Mar 25, 2005
    Location:
    SE valley
    300 was my original thought when covid hit. I didnt know anything about what I was doing and was just buying stocks and comparing where they were in january and saying I wanted to sell at around that point. Your TA saying 280ish is pretty interesting to me in retrospect. Another 20% would make sense.
     
  6. dscher

    dscher Registered

    Posts:
    5,081
    Likes Received:
    2,265
    Joined:
    Sep 3, 2008
    Location:
    Mesa, AZ
    Yes, clear that 235 area and hold and it should be ready to move. The market as a whole is a dangerous place right now... It's literally holding onto everything based on what one man says today... strange bizarre stuff at the moment.
     
  7. dscher

    dscher Registered

    Posts:
    5,081
    Likes Received:
    2,265
    Joined:
    Sep 3, 2008
    Location:
    Mesa, AZ
    One man speaks. One man flips markets. This isn't smooth market functioning. When the market doesn't get it's drug fix guarantee of more money printing/QE and throws a temper tantrum... houston we have a problem!
     
  8. BigRedRage

    BigRedRage Reckless Contributor

    Age:
    38
    Posts:
    45,588
    Likes Received:
    10,318
    Joined:
    Mar 25, 2005
    Location:
    SE valley
    I had a 640 limit buy for TSLA last week or early this week and decided 695 was good enough and cancelled it/bought. oops! Sitting at 607 right now!

    What a nightmare for the market today
     
  9. BigRedRage

    BigRedRage Reckless Contributor

    Age:
    38
    Posts:
    45,588
    Likes Received:
    10,318
    Joined:
    Mar 25, 2005
    Location:
    SE valley
    GME just went from 10% down to 17% up in minutes

    upload_2021-3-4_12-34-1.png
     
    thirty-two and dscher like this.
  10. BigRedRage

    BigRedRage Reckless Contributor

    Age:
    38
    Posts:
    45,588
    Likes Received:
    10,318
    Joined:
    Mar 25, 2005
    Location:
    SE valley
    its really odd how identical AMC and GME patterns can be

    upload_2021-3-4_12-35-34.png
     
  11. Folster

    Folster he/haw

    Age:
    38
    Posts:
    10,602
    Likes Received:
    2,429
    Joined:
    Jun 23, 2005
    Both US growth and value indices are down about equally today, a little over 1.5%. Energy is the only sector up and utilities are flat.
     
    BigRedRage likes this.
  12. dscher

    dscher Registered

    Posts:
    5,081
    Likes Received:
    2,265
    Joined:
    Sep 3, 2008
    Location:
    Mesa, AZ
    Patterns bro. The patterns never lie. ;)
     
  13. BigRedRage

    BigRedRage Reckless Contributor

    Age:
    38
    Posts:
    45,588
    Likes Received:
    10,318
    Joined:
    Mar 25, 2005
    Location:
    SE valley
    Which pattern we talking about?
     
  14. BigRedRage

    BigRedRage Reckless Contributor

    Age:
    38
    Posts:
    45,588
    Likes Received:
    10,318
    Joined:
    Mar 25, 2005
    Location:
    SE valley
    upload_2021-3-4_14-28-53.png

    textbook
     
  15. dscher

    dscher Registered

    Posts:
    5,081
    Likes Received:
    2,265
    Joined:
    Sep 3, 2008
    Location:
    Mesa, AZ
    Just the TA patterns that form consolidations before big moves.. gme has been winding tight and holding support/moving averages since last Friday.
     

Share This Page