Today Market

Jil · January 8, 2020, 12:04am

Where do you see this extreme greed chart?

Here you go

manch · January 8, 2020, 12:13am

Here you go:

https://money.cnn.com/data/fear-and-greed/

hanera · January 8, 2020, 4:21pm

Trumped the fear & greed index. All is well

caiguycaiguy · January 8, 2020, 4:34pm

Greed is good

hanera · January 8, 2020, 9:03pm

Another Trumptastic closing. Just like Jim Cramer has a change of mind about TSLA, I have a change of mind about Donald

manch · January 8, 2020, 9:20pm

Not everything has made new high yet. That should mean we still have headroom to go higher. These include many of the cloud stocks, Amazon, and unicorns that IPO’ed last year.

hanera · January 8, 2020, 10:29pm

Tell me more, tell me more I’m seriously considering taking an option position on AMZN - can’t buy underlying, don’t have that much cash lying around. What stocks are you considering?

For disclosure and fairness, I have MU, WDAY, TWLO, SQ, SPLK, ZEN and VEEV. And very tiny position in HUBS, ZS, OKTA, DT, and SMAR. Don’t have much cash, so mostly long calls and vertical call spreads.

manch · January 8, 2020, 10:52pm

I bought Uber and Beyond Meat on Monday based on my theory that 2019 IPO stocks have bottomed. Not sure if it’s correct but giving it a shot. Cloud stocks have finally woken up. Twilio is still quite badly damaged maybe it will recover?

hanera · January 9, 2020, 4:30am

Holding 600 shares @$102. @caiguycaiguy tries to curse it down to $70s. $89.81 is likely the bottom.

Short term technicals are bullish.

manch · January 9, 2020, 5:01am

Facebook is real close to making all time high:

Netflix and Amazon still have some way to go:

Apple and Microsoft’s charts look similar. They have rocketed so high they look quite extended:

I don’t think this round of bullish run is complete without the participation of Amazon, Facebook and Netflix.

caiguycaiguy · January 9, 2020, 2:42pm

hanera · January 9, 2020, 2:47pm

Do any1 own any stocks that are not green?

hanera · January 9, 2020, 7:56pm

I passed Trump test

manch · January 9, 2020, 10:43pm

• Strategas Securities’ Todd Sohn takes the view that stocks are breaking out of a two-year global bear market.

• He picks Baidu (BIDU +2.2%), Deutsche Bank (DB +0.5%), Salesforce.com (CRM +1.4%), and Amazon (AMZN +0.4%) as potential breakout candidates this year.

• “We like that Baidu has had early signs of a bottom, there’s still time to get in,” he said in an interview.

• Deutsche Bank, which is one of the “most hated stocks”, has been “beaten down enough,” and its peers are going up around Europe, Sohn said.

• Software stocks, overall, didn’t do much in H2 2019, and now Salesforce.com is starting to breakout “decisively.”

• And looking for big stocks that haven’t moved along with the broader market, Sohn likes Amazon. “If you’re looking for a 2020 major breakout candidate, keep Amazon on your radar.”

• He also points to IPO stocks Uber (UBER +0.1%), Slack Technologies (WORK -2.6%), Pinterest (PINS -0.5%), and Chewy (CHWY +3%) showing “subtle signs of bottoming out.”

hanera · January 9, 2020, 11:27pm

Told you that BIDU is on a Cycle V (multi-year) impulse moons ago, target should be higher than $300! Buy and hodl, better than BYND and UBER.

Asia Pacific Stocks Investing

BIDU rocks! [a] IQ rocks! [a] 26 days ago, Overall, while Baidu has appreciated substantially from its lows, we still think there could be significant upside if Baidu executes on its AI initiatives, while downside is protected due to its low valuation and holdings in other companies. A multi-year impulse, Cycle V, has begun! TA is long term too. Below is an updated EW chart. Since I’m from an island but not that island, didn’t hold any prejudice and has insanely bought 600 BIDUs. [BIDU 2005] Also bought a fair amount, (1) is completing and about to have golden cross. Taking some profit here means have to be nimble enough to get them back at (2) which I am not sure where it will end. I tend to dumbly holding on rather than try to do trampoline. [a]

manch · January 9, 2020, 11:50pm

Bidu is in terminal decline. Doesn’t matter if it will stage a technical rebound for a few months or even a year or two. It sucks.

hanera · January 9, 2020, 11:56pm

Your prejudice confounds me. Btw, Cycle degree wave can last up to a decade.

manch · January 10, 2020, 12:50am

The prejudice of data.

hanera · January 10, 2020, 1:15pm

Assuming this year is another bull run?

Anyhoo, making $$$ stock picking doesn’t imply your stock picking skills or trading algorithm is superior, buy any stocks blindfolded, you would make money in this eutrophic bull run. Those who doesn’t have any money in the stock market is not doing themselves a favor, missing a rare crazy bull run.

https://www.cnn.com/2020/01/10/investing/premarket-stocks-trading/index.html

hanera · January 11, 2020, 3:09am

CNBC’s Jim Cramer on Friday said the stock market has reached a level that is “too gleeful for my taste.”

Be Fearful When Others Are Greedy

“We’ve tried to take something off the table every day for my charitable trust. I think you should do the same, because this is a good moment for profit-taking.”

Have been reducing holdings too.

“I hate it when stocks run going into earnings season. Any weakness here will actually give the bulls a better setup.”

Similar sentiments.