Stock Market Today: August 5th - 9th, 2019

Discussion in 'Stock Market Today' started by Stockaholic, Aug 3, 2019.

  1. StockJock-e

    StockJock-e Brew Master
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    China has always been fast and loose with its currency, its worked pretty well for them over the years!
     
  2. T0rm3nted

    T0rm3nted Moderator
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    The important part to focus on is 95% gains!
     
  3. OldFart

    OldFart Well-Known Member

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    I guess that's what we need to start doing
     
  4. OldFart

    OldFart Well-Known Member

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    those 294.50 puts I had on Thursday hit around $400 on Friday... :(
     
  5. OldFart

    OldFart Well-Known Member

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  6. Mark**

    Mark** New Member

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    Advice? If you had 400 shares of a utility stock, whose share price is very down
    with a negative avoid outlook by some analysts and almost no dividend---would you sell it and
    take a loss? Would you feel differently if you inherited the stock and it cost
    you nothing? And if your time frame is maybe 5 years.
     
  7. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    It's tough to answer that because I may not have the same goals as you, the same risk appetite.
     
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  8. OldFart

    OldFart Well-Known Member

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    @Mark**

    Kind of a general question, but if I bought it, I'd get out or keep it and sell call options against it.
     
  9. T0rm3nted

    T0rm3nted Moderator
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  10. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Testing a new signal strategy:

    Short RH
    Short SHW
    Short EW

    Edit:
    Add CY Short to the list
     
    #30 AverageJoesTrades, Aug 5, 2019
    Last edited: Aug 5, 2019
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  11. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Yeah China has always manipulated their currency, but it was a major surprise that they decided to give up the 7.0 level against that dollar that they have said they were going to defend :eek: I think it shows that they have no interest to make a trade deal before the election right now

    The currency is on. Gold miners on a tear today. Own some shares of GFI and it spikes 9% today, thinking about taking some off the table despite I am pretty bullish on gold
     
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  12. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    I was looking at EW too. Its relative strength is higher now than it was last week after the ER gap.
     
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  13. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    In Hong Kong, they're blaming the stock market (Hang Seng) woes on the China puppet, Carrie Lam that is the ruler in HK.
     
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  14. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    The protests are getting pretty violent there
     
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  15. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Market keeps dropping, the DOW might have a chance to drop 1K at this pace :p
     
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  16. Stockaholic

    Stockaholic Content Manager

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    damn that's a pretty darn nice looking market map we got going today :D

    [​IMG]
     
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  17. T0rm3nted

    T0rm3nted Moderator
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    MAKE IT STOP!!!
     
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  18. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    If China devalues their currency again tonight then it could be another tough day for the bulls tomorrow :eek:
     
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  19. Stockaholic

    Stockaholic Content Manager

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    [​IMG]
     
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  20. Stockaholic

    Stockaholic Content Manager

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    this might be getting a little overdone here imo ... at least in the very short term ... could see a decent dead cat tomorrow ... already seeing some bouncing attempt right now.
     
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