Stock Market Today: November 21st - 25th

Discussion in 'Stock Market Today' started by Stockaholic, Nov 18, 2016.

  1. Stockaholic

    Stockaholic Content Manager

    Joined:
    Mar 29, 2016
    Messages:
    13,767
    Likes Received:
    7,050
    gold breaches 1200 here ... dollar ripping to another new 13 year high
     
  2. Steven_Burt

    Steven_Burt 2019 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    449
    Likes Received:
    488
    MaximusAnalysis likes this.
  3. Ken34

    Ken34 2017 Stock Picking Contest Winner

    Joined:
    Apr 4, 2016
    Messages:
    1,039
    Likes Received:
    723
  4. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,584
    Likes Received:
    4,619
    The commodity names are on fire, stocks like FCX and CLF are up huge today and the steel stocks like X and AKS have been on a tear :eek:
     
  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,584
    Likes Received:
    4,619
    The Russell 2000 still on track for another up day
    :D
     
  6. Baggi

    Baggi Active Member

    Joined:
    Apr 6, 2016
    Messages:
    719
    Likes Received:
    151
    This constant up is crazy.

    Next week I need to start getting shorter than I already am. This is going to be tough.
     
  7. Baggi

    Baggi Active Member

    Joined:
    Apr 6, 2016
    Messages:
    719
    Likes Received:
    151
    So, I'm bored on Thanksgiving (Happy Thanksgiving all!) and I'm thinking, "How can we figure out what the top of this market is?"

    I decided to look at a monthly chart going back 15 years. Here is what I'm seeing, and it's pretty much the same for RUT, SPY, Nasdaq and SPX.

    Top.png
     
  8. Ken34

    Ken34 2017 Stock Picking Contest Winner

    Joined:
    Apr 4, 2016
    Messages:
    1,039
    Likes Received:
    723
    might be a slow grind higher like when we made new all time highs earlier this year, so 2300? "TO THE MOON???"
     
  9. Onepoint272

    Onepoint272 2019 Stockaholics Contest Winner

    Joined:
    Apr 26, 2016
    Messages:
    1,692
    Likes Received:
    2,204
    • The stock market has been in a trading range for just over 2 years.
    • That trading range could be distribution or re-accumulation, however...
    • It came into that trading range from strength; from an uptrend.
    • Don't fade the trend !

    FADE
    3. term from the dice-game craps, related to losing. The player rolling the dice must have someone to fade them (i.e. to put up money against the money they are gambling). If you are faded, you have lost.


    SPY Weekly (midweek on Thanksgiving Day) ....that 2nd LPS (last-point-of-support) practically assures the trading range was re-accumulation:
    upload_2016-11-24_23-50-27.png
     
    #69 Onepoint272, Nov 25, 2016
    Last edited: Nov 25, 2016
    Steven_Burt likes this.
  10. Tiptopptrader

    Tiptopptrader Well-Known Member

    Joined:
    Mar 31, 2016
    Messages:
    4,895
    Likes Received:
    1,124
  11. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,584
    Likes Received:
    4,619
    On track for another up day, that would be 14 in a row :eek:
     

Share This Page