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yoga123 ( Date: 07-Jan-2021 00:52) Posted:
Dow industrials surge to record high Wednesday near 31,000 as investors digest Democratic win in Georgia
Published: Jan. 6, 2021 at 10:45 a.m. ET
https://www.marketwatch.com/story/dow-industrials-surge-to-record-high-wednesday-near-31000-as-investors-digest-democratic-win-in-georgia-2021-01-06
The Dow Jones Industrial Average [: DJIA] touched an intraday record on Wednesday as investors bet that the Democrats were poised to take control of the Senate following early results from Georgia' s runoff elections. The tech-heavy Nasdaq Composite COMP, 0.29% also briefly edged higher after opening with short losses on Wednesday shortly after the opening bell on expectations for higher taxes and tighter regulations on tech giants. On top of that, government bond yields were surging, suggesting higher costs for businesses and also provide some resistance for investors weighing buying bonds versus stocks.
The Dow was up over 400 points late-morning Monday at 30,804, propelled by a surge in banks, including Goldman Sachs Group Inc. GS, +4.87%,JPMorgan Chase & Co. JPM, +4.58% and American Express Co. AXP, +4.50%, which were benefiting from rates rising, with the 10-year Treasury yield note [: TMUBMUSD10Y] hitting its highest level since March in early trade around 1.05%. The Nasdaq Composite was up about 0.1% at 12,832 after hitting an intraday low at 12,649.99, while the S& P 500 index SPX, 1.10% gained 0.9% to reach 3,759, trading in record territory and just about 10 points shy of its intraday record high at 3,769.99.
Democrat Raphael Warnock defeated incumbent Republican Kelly Loeffler for one U.S. Senate seat and Democrat Jon Ossoff held a narrow lead over Republican Sen. David Perdue in the other race, according to the Associated Press. A Democratic sweep of both seats in Georgia would give the party control of the Senate as Vice President-elect Kamala Harris would cast tiebreaking votes as the chamber' s president.
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anybody' s guess...
ss2017. ( Date: 07-Jan-2021 04:35) Posted:
| Dow has dislodged from reality, it doesn't obey economic condition in USA now. Who will finally carry the hot potatoes?! |
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Can also....
halleluyah ( Date: 06-Jan-2021 17:23) Posted:
its int hike n higher tax fr the rich......
tongphlp ( Date: 06-Jan-2021 17:20) Posted:
Any reasons could be cited for selldown :)
More frequently used one : Spike in Covid cases around the world. |
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Any reasons could be cited for selldown :)
More frequently used one : Spike in Covid cases around the world..
wavehunter ( Date: 06-Jan-2021 17:08) Posted:
If Wall Street big boys are looking for an excuse to ignite a selldown, then this could be one possible reason.
tongphlp ( Date: 06-Jan-2021 17:04) Posted:
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Yup :)
ss2017. ( Date: 06-Jan-2021 17:00) Posted:
If Georgia two seats go to Democrats, not Republicans, this is bad news for the mkt. We will know the outcomes very soon.
tongphlp ( Date: 06-Jan-2021 16:55) Posted:
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Roti Prata at its best!
halleluyah ( Date: 06-Jan-2021 15:58) Posted:
| vry weird...nasdaq future down 200+ yet dow up100+...... |
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ok
bishan22 ( Date: 06-Jan-2021 16:50) Posted:
Frencken sellers run..
tongphlp ( Date: 06-Jan-2021 16:44) Posted:
| NASDAQ not looking good.. |
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I think there' s one way we can make CDL great again! Hire Trump! :)
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NASDAQ not looking good...
rghleex1 ( Date: 06-Jan-2021 16:03) Posted:
| Catching short sellers again |
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Let' s wait..
rocketman ( Date: 06-Jan-2021 16:06) Posted:
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The million dollar question - No, it' s not what' s the new CDL target price...It is........ - Who' s next to go.....
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Heavy selling...exit first if you are already in the $$...
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| 119,400 |
3.590 |
3.610 |
165,700 |
| 104,500 |
3.580 |
3.620 |
143,900 |
| 105,000 |
3.570 |
3.630 |
222,200 |
| 127,800 |
3.560 |
3.640 |
157,400 |
| 147,800 |
3.550 |
3.650 |
309,800 |
| 67,600 |
3.540 |
3.660 |
310,500 |
| 70,400 |
3.530 |
3.670 |
172,800 |
| 70,100 |
3.520 |
3.680 |
207,500 |
| 34,500 |
3.510 |
3.690 |
101,800 |
| 44,100 |
3.500 |
3.700 |
242,000 |
| 76,100 |
3.490 |
3.710 |
126,800 |
rghleex1 ( Date: 06-Jan-2021 14:56) Posted:
| Short term around 3.57-3.70, unlikely to touch 3.71, long term 3.80-4.50 but I don't want to wait for that day |
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In another digestable form : Who cares if it is a BLACK cat or WHITE cat, as long as it catches the MOUSE, it is a GOOD cat! :)
rocketman ( Date: 06-Jan-2021 15:25) Posted:
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The GURU has spoken :)
rocketman ( Date: 06-Jan-2021 15:25) Posted:
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ok
Stockguru2020 ( Date: 06-Jan-2021 12:21) Posted:
Haha government will do something about it.....just takes a lot of time....other counters already running daily.
tongphlp ( Date: 06-Jan-2021 10:35) Posted:
| Maybe SPH is a submarine...only sinks : |
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Staging a comeback
rghleex1 ( Date: 06-Jan-2021 14:56) Posted:
| Short term around 3.57-3.70, unlikely to touch 3.71, long term 3.80-4.50 but I don't want to wait for that day |
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To the bottom of the SEA!
rocketman ( Date: 06-Jan-2021 13:54) Posted:
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Maybe SPH is a submarine...only sinks :)
Stockguru2020 ( Date: 06-Jan-2021 10:20) Posted:
| Entire market move, except SPH. Even sembmarine moved. |
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Quite some selling pressure across the price levels..food for thought :)
| 91,500 |
3.600 |
3.610 |
93,300 |
| 68,200 |
3.590 |
3.620 |
182,100 |
| 65,300 |
3.580 |
3.630 |
210,700 |
| 60,300 |
3.570 |
3.640 |
171,600 |
| 99,300 |
3.560 |
3.650 |
337,700 |
| 89,000 |
3.550 |
3.660 |
265,800 |
| 56,900 |
3.540 |
3.670 |
172,800 |
| 51,000 |
3.530 |
3.680 |
234,500 |
| 60,000 |
3.520 |
3.690 |
94,800 |
| 25,000 |
3.510 |
3.700 |
232,100 |
| 16,800 |
3.500 |
3.710 |
126,800 |
| 76,100 |
3.490 |
3.720 |
167,400 |
rghleex1 ( Date: 06-Jan-2021 09:41) Posted:
| No need to ciong, slow but steady, 2-3ct daily will do |
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