Yeah it is surprising how much CRWD is getting hit. Wasn't the story that they were the only cybersecurity that could detect the SolarWinds hack, or something? ZS reports today. PANW doing very well too, holding up in today's market and near an ATH.
Yeah I am a little surprised with how poorly CRWD is doing, I still like the cybersecurity space a lot though and if it gets hit again after earnings, I probably would start a position.
DOCU reporting on Thursday, it is well off from its ATH too just like CRWD, DOCU is somewhat viewed as the stay at home play, will be interesting to watch how it does on the earnings and it might benefit if this new COVID variant is anything serious
ZS up after earnings Now CRWD doesn't look all that expensive if you just compare it to ZS unless they report some serious deceleration of growth tomorrow
Top of the morning Stockaholics! Happy Hump Day to all of you! And welcome to the first trading day of December and a frrrrrrrrrrrresh start! Here is a quick check on those futures as we are under 3 hours from the cash market open. GLTA on this Wednesday, December the 1st, 2021.
also man, ngl, but lovin' this recent pick up in market volatility of late. the swings in both directions has been p great and beats the summer doldrums period by a mile where things were a bit choppy and range bound. personally not a huge fan of that action much. vol ftw haha. gm and a happy first trading day of the new month today y'all's! can't believe we're coming into the home stretch on the year here. this year has rocketed on by like it was nothing at all (at least how that has felt for me anyway lol).
Morning Lineup - 12/1/21 - Loves Me, Loves Me Not Wed, Dec 1, 2021 You may think that the market has been volatile over the last several trading days, but just be thankful it's not 1824. Back in November of that year, no candidate for President received the required majority of electoral votes in the election which forced Congress, on December 1st, to turn the election over the House of Representatives and basically choose between Andrew Jackson and John Quincy Adams. The actual winner wasn't decided for more than two months when John Quincy Adams came out on top in early February 1825. Despite coming in second in the actual election, Adams' victory came thanks to the backing of Henry Clay in what was called the 'Corrupt Bargain', and because he wasn't the most popular candidate in the election, Adams' presidency was largely considered to be unimpactful. Can you imagine in this political climate if the House was actually deciding an election today? Futures are higher this morning as investors can't decide which way they want the market to go as the S&P 500 goes back and forth between 1% losses and 1% gains in a game of 'Loves Me, Loves Me Not'. One thing to note is that just as Monday's 1% rally was weaker in magnitude than Friday's drop, we're seeing the same pattern play out today where the S&P 500 is on pace to open higher by 1.4% after Tuesday's 1.95% decline. In yesterday's rout, only seven stocks in the S&P 500 finished the day higher, which was the weakest breadth reading since June 11th, 2020. Breadth in small caps wasn't nearly as weak as the S&P 500 yesterday (more than 400 stocks traded higher), but its breadth reading on Friday was also the weakest since June 11th. On the data docket today, the ADP Private Payroll report for November was released at 8:15 AM and came in higher than expected with little impact on futures. The only two other reports on the calendar today are Construction Spending and ISM Manufacturing which will be released at 10 AM. Powell and Yellen will also be testifying in front of the House this morning, and yesterday, the S&P 500 was only down modestly while the Nasdaq was actually higher before Powell's testimony. 2021 has really been a pretty crazy year for small-cap stocks. After doubling from its COVID lows, the Russell 2000 peaked in early March and traded in a sideways range through the summer and into the fall. After several close calls at a 10% correction, including a 9.7% drop on a closing basis through mid-July, the Russell finally broke out of its trading range in early November to trade at a new record high. From its first new high on 11/2, though, the breakout for IWM didn't last long. After rallying an additional 3.4% in the four trading days since its first new closing high since March, it's been a one-way trip lower for small caps ever since, and through yesterday's close, IWM closed down 10.1% from its record high earlier this month. What the Russell couldn't do in more than six months from early March through the end of Summer, it did in just 15 trading days this month!
The pre-market thread is now up on Reddit for anyone looking for a quick read before today's cash market open. GL to y'all's on this first trading day of December! https://www.reddit.com/r/StockMarket/comments/r6fd4y/121_wednesdays_premarket_stock_movers_news/
Back. Yesterday, I entered long at 4570 and exited this morning at 4650--profit taking and risk management
Market up but I can’t say the internals are all that strong, you probably aren’t having a great day if you own a lot of growth and high valuation stocks. Semiconductor seems to be having a good day though
Wow a bloodbath for those growth stocks although it doesn't look too bad if you just look at the indices
Top of the morning Stockaholics! Happy Thursday to all of you! And welcome to the new trading day and a frrrrrrrrrrrresh start! Here is a quick check on those futures as we are just over 3 hours from the cash market open. GLTA on this Thursday, December the 2nd, 2021.
The pre-market thread is now up on Reddit for anyone looking for a quick read before today's cash market open. GL to y'all's trading today and rest of this week! https://www.reddit.com/r/StockMarket/comments/r77bvt/122_thursdays_premarket_stock_movers_news/
Morning Lineup - 12/2/21 - Apple (AAPL) Falls Thu, Dec 2, 2021 Today marks the 20-year anniversary of the Enron bankruptcy, and if you think the last few days in the market have been lousy, it was nothing compared to late 2001 when we were in the middle of the dot-com bust, coming out of 9/11, and heading into another rough year in 2002 when Worldcom eventually collapsed as well. Futures are higher this morning, but traders aren't even waiting until the opening bell to raise cash as Nasdaq futures have reversed into the red and the Dow and S&P 500 have also given up much of their earlier gains. One of the main culprits behind the weakness this morning is a report from Bloomberg that Apple (AAPL) has told suppliers that demand for the iPhone 13 after the holidays may not be as strong as previously estimated. AAPL had been a bright spot in the Nasdaq over the last few trading days but is trading down over 3% in the pre-market. Yesterday was an extremely disappointing day for small caps as the Russell 2000 rallied more than 2% intraday only to give it all back and a lot more throughout the trading day. By the time the closing bell rang, the Russell 2000 was down over 2% on the day. Since the Russell 2000 tracking ETF (IWM) launched in early 2000, yesterday was just the 9th time that the ETF saw a similar intraday rally (+2%) only to finish the day down more than 2%. Each of those days is shown as a red dot in the chart below. Despite over 20 years of trading history for IWM, all eight prior occurrences were confined to a two-month period in 2008 (six occurrences) and a three-week period in 2020 (two occurrences). Unlike yesterday's reversal, most of the other occurrences came well into market declines. The only exception was on 3/3/20. Interestingly enough, that occurrence also followed a period of sideways trading for the Russell where it broke out of a multi-month range (but didn't reach a new high) only to reverse and sell-off sharply into the COVID crash. It's unlikely the Omicron variant will cause the same sort of market turmoil that COVID initially created in early 2020, but the Fed is certainly not going to be nearly accommodative going forward as they have been since early 2020. This morning, Russell 2000 futures are indicated higher by about 1%, but to put that in perspective, the gain isn't even enough to bring the index back to where it was trading 15 minutes before the close yesterday.
Nice bounce back for the market today Looks like most sectors are participating in the rally including those beaten down growth stocks.
