Wall St. tumbels after North Korea test, rate hike worry U.S. stocks dropped on Friday as investors were unnerved by a nuclear test by North Korea and comments by a U.S. Federal Reserve official that pointed towards an interest rate hike. North Korea conducted its fifth and biggest nuclear test on Friday and said it had mastered the ability to mount a warhead on a ballistic missile, drawing condemnation from the United States as well as China, Pyongyang's main ally. There was further pressure on the equity market after Boston Fed President Eric Rosengren, a historically dovish policymaker, said the Federal Reserve increasingly faced risks if it waited too much longer. He said a gradual policy tightening was likely appropriate, although he added the central bank was unlikely to raise rates too rapidly. "Certainly the posturing of the Fed is creating a lot of noise, and when you get comments like that, it creates a little bit of anxiety in the market," said Phil Blancato, chief executive of Ladenberg Thalmann Asset Management in New York. http://www.reuters.com/article/us-usa-stocks-idUSKCN11F1JH
Some preliminary buying from my Tech Trader system today w/ $IWM, $IYR, $XHB. https://www.techtrader.ai/wall/?date=1473402517&post=9759
So these are early buy signals on your system. Do you put in a small % now and then wait for confirmations?
No sizing changes - the system just gradually buys more ETFs and that itself is the scaling up. So we have 3 ETFs now; usually we can see around 8 on a really good pullback.
yo @Ken34 we finally did it! lol http://www.stockaholics.net/threads/spx-2225-or-2150-next.1791/#post-24567 wow i did not think it would happen today
anybody got any stats on going into 9/11, I did a quick peak and it seems like we do sell off into it. I was just wondering if someone (cough Cy) that was really great at data had looked at this?
hahah ... i haven't looked into that one just yet but ima check it out momentarily here ... basically i'll try to collect all of the weekly closes the week before and the week after 9/11 for the past 15 years and see what i can find there ... hang tight on that one! meanwhile yo @Ken34 remember you were saying something like it being "freaky" in regards to this week being overwhelming voted for "up" by Stockaholics on this week's weekly poll? ... man oh man how eerie is it that this actually came to fruition this week ... i remember we used to have a history of this freakish occurrence on HSM where it was a one-sided vote and the opposite outcome happened (albeit there wasn't actually any real solid facts behind it as Mark V. debunked that myth about 1 year ago today) but i do recall it happening at least a few times lol http://www.stockaholics.net/threads/weekly-spx-poll-sentiment-9-5-9-9.2001/page-2#post-24572
@Steven_Burt phew! whelp, this certainly was a doozy lol ... had to just double and triple check on my data to make sure it was 100% accurate (as you know me ... i'm pretty damn meticulous when it comes to absolute accurate market stats when i do them solo....) here's what i found in my research of the SPX performance of the week before and the week after 9/11 since 2002 (this is not as fancy looking as Stock Trader's Alamac does these, but this will do for now lol...): 2002 WEEK BEFORE 9/11: SPX -0.46% WEEK AFTER 9/11: SPX -4.99% 2003 WEEK BEFORE 9/11: SPX -0.27% WEEK AFTER 9/11: SPX +1.73% 2004 WEEK BEFORE 9/11: SPX +0.41% WEEK AFTER 9/11: SPX -1.63% 2005 WEEK BEFORE 9/11: SPX -0.29% WEEK AFTER 9/11: SPX -1.83% 2006 WEEK BEFORE 9/11: SPX +1.60% WEEK AFTER 9/11: SPX -0.37% 2007 WEEK BEFORE 9/11: SPX +2.11% WEEK AFTER 9/11: SPX +2.80% 2008 WEEK BEFORE 9/11: SPX +0.27% WEEK AFTER 9/11: SPX -3.07% 2009 WEEK BEFORE 9/11: SPX +2.45% WEEK AFTER 9/11: SPX -2.24% 2010 WEEK BEFORE 9/11: SPX +1.45% WEEK AFTER 9/11: SPX +2.05% 2011 WEEK BEFORE 9/11: SPX +5.35% WEEK AFTER 9/11: SPX -6.54% 2012 WEEK BEFORE 9/11: SPX +1.94% WEEK AFTER 9/11: SPX -0.38% 2013 WEEK BEFORE 9/11: +1.98% WEEK AFTER 9/11: +1.30% 2014 WEEK BEFORE 9/11: SPX -1.10% WEEK AFTER 9/11: SPX +1.25% 2015 WEEK BEFORE 9/11: SPX -0.15% WEEK AFTER 9/11: SPX -1.36% 2016 WEEK BEFORE 9/11: SPX ? WEEK AFTER 9/11: SPX ? TOTAL: WEEK BEFORE 9/11 = 5 weeks DOWN! and 9 weeks UP! TOTAL: WEEK AFTER 9/11 = 9 weeks DOWN! and 5 weeks UP! phew! i'm beat! lol ... gone for a quick break!
so, how is this for absolute insanity ... did you guys know that today's trading range alone has exceeded the entire trading range from July 12th up to yesterday's close (42 TRADING DAYS!) which was a 1.77% total range on a closing basis or 38.01 handles exactly today alone from yesterday's close to today's absolute LOD we had price down -2.08% or -45.31 handles! now if that ain't ridiculous than i don't know what is man lol!
Again newsletter been stating this. Trust me these markets will push you to the edge in a major way....been short since first week of august and had to hold like a mofo and believe in my system. They got to 2191 and I was like dammitt....but stayed the course. Not easy at all.....lets see what this last hour does
^^ this! i think a big time kudos needs to be given out in here to you @MaximusAnalysis ... seriously i know you were talking about this kind of action in your vids for a while now ... boy oh boy was that 2186 resistance you've been harping on time and time again denied in a big way! what a stand there really good call there man! keep up the great work buddy ... i think i speak for most everyone who frequents these parts when i say we greatly appreciate what you bring here each day! thx
Happy day for the bear, anyone here got some lottery weekly puts before today? Not even financials could avoid a down day despite rates are higher
Closing below 2134.72 is huge in my opinion. Didn't think it would happen today but there you go. We will find out next week if it can retake that level again or if the busted head and shoulders pattern has run out of gas already. Traders will have a lot to think about this weekend.
Finally, a meaningful collapse. I entered lot 1 long at around the SPX 2133 I expect a strong possibility of the SPX to test the 2120 level next week. But, a position at 2133 should be ultimately profitable
