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SVTPerformance's Chain of Restaurants
Road Side Pub
SVTP stock pick thread.
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<blockquote data-quote="Weather Man" data-source="post: 16568622" data-attributes="member: 137766"><p><span style="font-size: 22px"><strong>Crazy stuff, hats off to the guys making money off all the crazy moves.</strong></span></p><p><span style="font-size: 22px"></span></p><p><span style="font-size: 22px"><strong>Stock market plunge accelerates with more tech selling</strong></span></p><p>Jan. 29, 2021 1:12 PM ET<a href="https://seekingalpha.com/symbol/SP500?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Csymbol%3ASP500" target="_blank">S&P 500 Index (SP500)</a><a href="https://seekingalpha.com/user/51784941/profile?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name" target="_blank">By: Kim Khan</a>, SA News Editor<a href="https://seekingalpha.com/news/3656300-stock-market-plunge-accelerates-with-more-tech-selling#comments" target="_blank">3 Comments</a></p><ul> <li data-xf-list-type="ul">The major averages are tumbling to their lows of the day, with the S&P 500 (<a href="https://seekingalpha.com/symbol/SP500?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link" target="_blank">SP500</a>) -2.1%, Nasdaq (<a href="https://seekingalpha.com/symbol/COMP?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link" target="_blank">COMP</a>) -2.3% and Dow (<a href="https://seekingalpha.com/symbol/DJI?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link" target="_blank">DJI</a>) -2.1% are all down more than 2%.</li> <li data-xf-list-type="ul">The selling pressure is coming down hard on the Big 6 megacaps, with Apple and Tesla off more than 4%.</li> <li data-xf-list-type="ul">The squeeze stocks are back rallying and there is chatter (although no evidence) that the resumption of the upward trajectory in those names is adding more caution to the broader market and that some institutions are selling positions to cover shorts.</li> <li data-xf-list-type="ul">GameStop is up another 70% and the Reddit action is spread to other <a href="https://seekingalpha.com/news/3656243-gamestop-buyers-take-over-and-other-highly-shorted-consumer-stocks-rally?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link" target="_blank">shorted consumer stocks</a>.</li> <li data-xf-list-type="ul">The Treasury selloff has stalled as equity selling gained steam. The 10-year yield is at 1.07%, down from 1.09% earlier.</li> <li data-xf-list-type="ul">All 11 S&P sectors are down, with Energy (NYSEARCA:<a href="https://seekingalpha.com/symbol/XLE?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link" target="_blank">XLE</a>), which usually sees outsize moves, the biggest decliner, followed by Info Tech (NYSEARCA:<a href="https://seekingalpha.com/symbol/XLK?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link" target="_blank">XLK</a>), where semi equipment stocks are also a drag.</li> <li data-xf-list-type="ul">Utilities (NYSEARCA:<a href="https://seekingalpha.com/symbol/XLU?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link" target="_blank">XLU</a>) and Real Estate (NYSEARCA:<a href="https://seekingalpha.com/symbol/XLRE?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link" target="_blank">XLRE</a>) are down the least.</li> <li data-xf-list-type="ul">Healthcare (NYSEARCA:<a href="https://seekingalpha.com/symbol/XLV?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link" target="_blank">XLV</a>) stocks are volatile with J&J down on its vaccine efficacy data, but <a href="https://seekingalpha.com/news/3656159-moderna-biontech-pfizer-surge-after-jnj-covid-19-vaccine-data?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link" target="_blank">rivals are popping higher</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16568622, member: 137766"] [size=6][b]Crazy stuff, hats off to the guys making money off all the crazy moves.[/b] [b][/b] [b]Stock market plunge accelerates with more tech selling[/b][/size] Jan. 29, 2021 1:12 PM ET[URL='https://seekingalpha.com/symbol/SP500?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Csymbol%3ASP500']S&P 500 Index (SP500)[/URL][URL='https://seekingalpha.com/user/51784941/profile?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name']By: Kim Khan[/URL], SA News Editor[URL='https://seekingalpha.com/news/3656300-stock-market-plunge-accelerates-with-more-tech-selling#comments']3 Comments[/URL] [LIST] [*]The major averages are tumbling to their lows of the day, with the S&P 500 ([URL='https://seekingalpha.com/symbol/SP500?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link']SP500[/URL]) -2.1%, Nasdaq ([URL='https://seekingalpha.com/symbol/COMP?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link']COMP[/URL]) -2.3% and Dow ([URL='https://seekingalpha.com/symbol/DJI?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link']DJI[/URL]) -2.1% are all down more than 2%. [*]The selling pressure is coming down hard on the Big 6 megacaps, with Apple and Tesla off more than 4%. [*]The squeeze stocks are back rallying and there is chatter (although no evidence) that the resumption of the upward trajectory in those names is adding more caution to the broader market and that some institutions are selling positions to cover shorts. [*]GameStop is up another 70% and the Reddit action is spread to other [URL='https://seekingalpha.com/news/3656243-gamestop-buyers-take-over-and-other-highly-shorted-consumer-stocks-rally?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link']shorted consumer stocks[/URL]. [*]The Treasury selloff has stalled as equity selling gained steam. The 10-year yield is at 1.07%, down from 1.09% earlier. [*]All 11 S&P sectors are down, with Energy (NYSEARCA:[URL='https://seekingalpha.com/symbol/XLE?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link']XLE[/URL]), which usually sees outsize moves, the biggest decliner, followed by Info Tech (NYSEARCA:[URL='https://seekingalpha.com/symbol/XLK?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link']XLK[/URL]), where semi equipment stocks are also a drag. [*]Utilities (NYSEARCA:[URL='https://seekingalpha.com/symbol/XLU?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link']XLU[/URL]) and Real Estate (NYSEARCA:[URL='https://seekingalpha.com/symbol/XLRE?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link']XLRE[/URL]) are down the least. [*]Healthcare (NYSEARCA:[URL='https://seekingalpha.com/symbol/XLV?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link']XLV[/URL]) stocks are volatile with J&J down on its vaccine efficacy data, but [URL='https://seekingalpha.com/news/3656159-moderna-biontech-pfizer-surge-after-jnj-covid-19-vaccine-data?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link']rivals are popping higher[/URL]. [/LIST] [/QUOTE]
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