OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

[Chopper]

LULU dropping little by little. Think I might take my 50%+ profits tomorrow.

 

[johnnyredstorm]

not a bad idea. lot of put activity in LULU past 2 days.

 

[based mod]

dont touch etfs

Terrible generalization

 

[wizards23]

I've made some nice trades (and terrible ones) with TVIX. The responsibility is on the trader to have a plan and stick with it, myself included. What is your ideal entry, what is your stop, what is your price target, what is your total amount risked if your stop is hit, are you comfortable with that loss, etc

 

[based mod]

Ha. Called it on KORS. RIP.

 

[johnnyredstorm]

bunch of puts were bought today in KORS as well. like you said fam only a matter of time till it's coming to a Target near you.

 

[dman14]

im about to jump off the bridge, KORS

time to buy in?

 

[suavamente]

bunch of puts were bought today in KORS as well. like you said fam only a matter of time till it's coming to a Target near you.

You actually like it for long? I'm kind of skeptical

 

[based mod]

bunch of puts were bought today in KORS as well. like you said fam only a matter of time till it's coming to a Target near you.

You actually like it for long? I'm kind of skeptical

I'm sure he's reiterating that the brand is dead and will only stay relevant by selling their wares via Target.

im about to jump off the bridge, KORS

time to buy in?

Girls don't like MK anymore. Trend lasted about a year which seems to be the norm now.

 

[johnnyredstorm]

yeah i wouldn't say dead but it won't be as hyped as it once was. 0 interest in ever owning this stock long term. trade it, ring the register, move on.

 

[dman14]

everyone staying safe and thriving in the streets?

 

[based mod]

TSLA rolling so I'm happy

 

[dman14]

glad i got back in on ZIOP when it dipped in may

 

[based mod]

Nasdaq breaks record-high set during dotcom boom

By Tanya Agrawal

(Reuters) - The Nasdaq Composite index surpassed the 15-year all-time high it set during the peak of the dotcom bubble on Thursday as more data showed the U.S. economy was gathering steam.

The index (.IXIC) hit 5,137.36, topping the previous high of 5,132.52 it touched on March 10, 2000. The S&P and Dow were at their highest levels since early June.

The Fed said on Wednesday that the U.S. economy was likely strong enough to withstand an interest rate increase later this year but cut its economic growth forecasts for 2015 because of a weak start to the year.

Even though a majority of Fed officials continue to see higher rates by the end of 2015, they expect rates to rise slightly less by the end of 2016 and 2017 than they did in their March forecasts.

Fed Chair Janet Yellen reiterated that the central bank remains data-dependent, which could prompt investors to keep a sharper eye on economic data in coming months, especially monthly the employment reports.

"Today's markets are higher on a combination of the data and the Fed signaling that it will begin raising rates this year but at a shallower pace," said Jack Ablin, chief investment officer at BMO Private Bank in Chicago.

"I think investors are getting comfortable with the Fed's plans and anyway the first hike will be mostly symbolic."

U.S. consumer prices in May recorded their largest increase in more than two years as gasoline prices surged, while factory activity in the U.S. mid-Atlantic region expanded in June at a much faster pace than expected.

Other data showed the labor market continued to tighten as first-time applications for unemployment benefits declined to a near 15-year low last week.

At 11:35 a.m. ET the Dow Jones industrial average (.DJI) was up 205.53 points, or 1.15 percent, at 18,141.27, the S&P 500 (.SPX) was up 20.95 points, or 1 percent, at 2,121.39 and the Nasdaq Composite was up 68.09 points, or 1.34 percent, at 5,132.97.

All of the 10 major S&P 500 sectors were higher with the health index (.SPXHC) leading the gains with a 1.3 percent rise.

Microsoft's (MSFT.O) 1.4 percent rise lifted the Nasdaq and the S&P 500, while 3M's (MMM.N) 1.8 percent gain was the biggest boost to the Dow. All 30 Dow components were in the black.

Greece continues to weigh on investors' minds as the country drifts closer to a default.

Euro zone officials have not discussed the debt restructuring proposed by Greece because they want Athens to first implement the reforms it promised in exchange for loans it got from the euro zone, the head of euro zone finance ministers said.

Fitbit (FIT.N) shares ran up as much as 60 percent to $31.90 in their debut, valuing the maker of popular wearable fitness-tracking devices at $6.5 billion.

Oracle (ORCL.N) shares fell as much as 8.7 percent to $40.97 - a nearly six-month low - a day after the company forecast a quarterly profit below analysts' estimates.

Advancing issues outnumbered decliners on the NYSE by 2,278 to 662. On the Nasdaq, 1,988 issues rose and 683 fell.

The S&P 500 index showed 34 new 52-week highs and 2 new lows, while the Nasdaq recorded 123 new highs and 22 new lows.

 

[based mod]

> JUN 22

after

SONC - Sonic Corp


> JUN 23

before

BBRY - Blackberry
CCL - Carnival Corp
DRI - Darden Restaurants


> JUN 24

before

LEN - Lennar Corp
MON - Monsanto

after

APOG - Apogee Enterprises
BBBY - Bed Bath & Beyond


> JUN 25

before

ACN - Accenture
BKS - Barnes & Noble

after

MU - Micron
NKE - Nike



> JUN 26

before

FINL - FinishLine

 

[johnnyredstorm]

i'm still on a trading sabbatical but NKE's report really interests me.

 

[jaypesoz]

i'm still on a trading sabbatical but NKE's report really interests me.

Johnny, you seems very knowledgeable here and it's always been on my to-do list to get into stocks and it's time to stop being scared and get my feet wet. Is there anything I can do to put $50 each week into multiple stocks or something just so I can learn the basic gist of how investing works?

Does that even make any sense to do? Is my thought process for that wrong? Yes, I'm 100% clueless on this type of stuff |I

 

[00david00]

You can try messing around on a simulator for a bit. Also, I like the robinhood app bc it won't charge you for trades. However, it will hold your money for 3 days after selling.

I don't have a big account either and I'm still learning, those trade fees kill my gains.

 

[jaypesoz]

You can try messing around on a simulator for a bit. Also, I like the robinhood app bc it won't charge you for trades. However, it will hold your money for 3 days after selling.

I don't have a big account either and I'm still learning, those trade fees kill my gains.

Thanks, I'll have to look into that app.

 

[johnnyredstorm]

i'm still on a trading sabbatical but NKE's report really interests me.

Johnny, you seems very knowledgeable here and it's always been on my to-do list to get into stocks and it's time to stop being scared and get my feet wet. Is there anything I can do to put $50 each week into multiple stocks or something just so I can learn the basic gist of how investing works?

Does that even make any sense to do? Is my thought process for that wrong? Yes, I'm 100% clueless on this type of stuff |I

you want a mutual fund or to create your own motif (motifinvesting.com). there are other brokers that may have like a share builder type concept but I'm not familiar with them.

 

[jaypesoz]

i'm still on a trading sabbatical but NKE's report really interests me.

Johnny, you seems very knowledgeable here and it's always been on my to-do list to get into stocks and it's time to stop being scared and get my feet wet. Is there anything I can do to put $50 each week into multiple stocks or something just so I can learn the basic gist of how investing works?

Does that even make any sense to do? Is my thought process for that wrong? Yes, I'm 100% clueless on this type of stuff |I

you want a mutual fund or to create your own motif (motifinvesting.com). there are other brokers that may have like a share builder type concept but I'm not familiar with them.

I'll make sure to look into that.

I just looked up that robinhood app and it seems like it's user friendly to a noob like me. I'll read up more about it after work.

 

[based mod]

If you're as clueless as you say, you should instead look at tax-advantaged investments a la 401k and IRA. Look up the NT personal finances thread

 

[johnnyredstorm]

AAPL and FB were layups today. Wish I traded them for real instead of on paper, but hey, slowly getting back into the game, rather work that rust off on paper first.

 

[johnnyredstorm]

I think I figured out why LNKD is a $250 stock

$499.00 for a 30-day posting in Greater New York City Area, or save up to 40% with a multi-job pack.

They charge a ton to employers. Never knew that.

 

[Chopper]

That NKE though UNFI TSLA and GWPH have been great the last couple weeks.