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Stock Market Today: January 9th - 13th

Discussion in 'Stock Market Today' started by Cy McCaffrey, Jan 6, 2017.

  1. Baggi

    Baggi Active Member

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    Well, that was a big turn around in the market today.
     
  2. Ken34

    Ken34 Active Member

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    filled rest of labu position at 37.20, alright trump, shut up about biotechs for the rest of the day so i can make some money.
     
  3. twerpner

    twerpner New Member

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    Looks like he spoke for 10 minutes, took 2 questions and folded there. I don't think we will see him take anymore questions, so markets shouldn't be affected too much anymore
     
  4. Baggi

    Baggi Active Member

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    Now back to the Trump rally? I hope not. I'm pretty short right now.

    First time I've been in the money today on my short es futures. Last night I went short when we were 3 points down. Pretty much went short at the bottom.

    Doh!
     
  5. twerpner

    twerpner New Member

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    It appears the rest of this "press conference" will be his lawyers speaking. Ill be turning it off now and back to reality I guess
     
  6. twerpner

    twerpner New Member

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    I spoke too soon, he is back up
     
  7. Ken34

    Ken34 Active Member

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    oh dear god, trump is back on the mic...lord save us all.
     
  8. Baggi

    Baggi Active Member

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    I went ahead and closed my short at a loss. Pretty bullish move there. Sorta reminds me of a mini version of the election. Huge fake down, then right back up again.
     
  9. T0rm3nted

    T0rm3nted Moderator
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    This is what I was afraid of heading into this month. Everyone loves the stories about how Trump is going to do so much good for America, but as it gets closer, it's really uncertain what he'll actually do, or be able to do. The media will continue to bash him and the markets will drop with uncertainty.
     
  10. stock1234

    stock1234 Active Member

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    Well I just got up and read that Trump refused to answer a question from CNN, it is hilarious :rolleyes:
     
    Baggi likes this.
  11. Baggi

    Baggi Active Member

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    Well that sucks. Looks like I allowed myself to get spooked out of my position.
     
  12. T0rm3nted

    T0rm3nted Moderator
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    BuzzFeed and CNN were the only 2 media outlets that reported on the "fake news" from Russia according to Trump during the news conference today. That's why he refused to answer the question from the CNN guy that was asking him over and over to let him ask. It was actually very humorous. I don't know enough about the "fake news" story and how much of it was reported by CNN and how much was exaggerated by Trump, so I can't really form an opinion.
     
    stock1234 likes this.
  13. Baggi

    Baggi Active Member

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    Very bullish end to the day today.

    Sadly, it's the day to break the winning streak in the threads CY creates.

    I'll post a chart later today. I had a pretty bad day. Was short, had a nice gain and decided to let it ride. Ended up getting out at a loss. Reloaded and went short again and quickly saw that wasn't going to play out well. Got out at another loss and went long.

    I'll explain later with a chart why I went long.
     
  14. Baggi

    Baggi Active Member

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    Closed my /ES long future here. Almost made back what I lost today, but not quite!
     
  15. Ken34

    Ken34 Active Member

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    welp, i hate these kind of days, when the market is up, but almost everything i own was down, T got a downgrade from some firm, amd was down, of course opk was down, bios got wrecked, BAC was up though, luckily buying labu when it was down over 12% was a good move...for now. letrs see how xbi finishes the week and if it will continue to respect that 8 EMA
     
  16. Baggi

    Baggi Active Member

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    And I'm short the futures again with a stop just over today's high.
     
  17. Onepoint272

    Onepoint272 Active Member

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    I added just over $25k to retirement accounts today...position trades....SPY, IWM, and WNR. I had no idea Trump was yakking...just reading the tape.
     
  18. Baggi

    Baggi Active Member

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    Bought them back for a quick little gain of $137.00.

    Can't wait to work out my numbers today and see what I lost/made on these trades.
     
  19. Value543

    Value543 Active Member

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    Oh this RUT -- make up your mind already. I really thought we'd see a confirmed move the other day, but no, the chop-trend continued with a green candle that almost perfectly spanned what was left of the pinch. I had to call an up day today, since confirmation didn't happen...unless you call continuation of the chop a "confirmation" of sorts! Pretty choppy intraday today -- but with a fairly good look at the close so I have to think we'll see another green candle tomorrow. I guess the Donald affect is losing it's power. One too many tweets, I suppose.

    I'm thinking resistance @ 1385 -- any close above that would really make Friday interesting. Likewise, as I've been saying, a close below 1355 would be equally interesting, just for the other side of the coin.
     
    Cy McCaffrey likes this.
  20. Value543

    Value543 Active Member

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