Santa Claus Rally update: Tomorrow is the final trading day for the SCR. It will officially conclude at tomorrow's close.
Hey @Baggi let me know if this works out for you! I use TradeKing, so my costs are definitely lower than TD Ameritrade, but nothing like only $1.00 Obviously, since my entire system is built on option spreads, I'm very interested!
Staying neutral on the RUT overall, but definitely saw that bounce...followed by an almost perfect test of the RTL...followed by a close right below the 20 DMA! That 'floor' / former RTL continues to act as support...3x touches since the ATHs (Dec 15-16...Dec 22-23...Dec 30 + today). Makes me think we'll see another green day tomorrow, but the RUT is running out of room before it's going to need to make a decision...
I'll let you know. It'll be awhile though, they only just rolled it out and they won't even have an android application until March. So in the meantime, I'll be using Think or Swim from TD Ameritrade. One of the nice things though, if you fund an account before the end of March, you can get Bob the Trader for 2 years for free. This is Tom Sosnoff and several others trades every day. I've never used it and don't know if it'll be any good, but I'll have 2 years to check it out, for free.
Good Wednesday morning Stockaholics! Here are your pre-market movers & news this AM- Spoiler: 1/4 Wednesday's Stock News Movers: GOOGL, AMZN, REGN, PFE, JNJ, HSY, TSLA, AAPL, CCL, FB, MA (Click to Show!) 1/4 Wednesday's Stock News Movers: GOOGL, AMZN, REGN, PFE, JNJ, HSY, TSLA, AAPL, CCL, FB, MA Good day Stockaholics! Happy Wednesday Frontrunning: January 4 Trump Tariff on GM Would Violate NAFTA. That May Not Stop Him (BBG) Obama Tries to Save Parts of Health Law Amid GOP Attack (WSJ) Trump Puts Auto Makers, Trade Policy in Spotlight (WSJ) British consumers borrow at fastest rate in 11 years as inflation threat rises (Reuters) Investment banking fees fall 7 percent in 2016 dragged down by equity raisings (Reuters) Manhattan Home Prices Are Tumbling Down (BBG) Iraqi forces press gains against Islamic State in eastern Mosul (Reuters) Turkey Detains Five Islamic State Suspects Linked to Nightclub Attack (BBG) Israeli soldier convicted of manslaughter in killing of immobile Palestinian assailant (Reuters) Repealing Obamacare Could be Trump's First Lesson in the Glacial Pace of Congress (BBG) No One Questioned This Hedge Fund’s Madoff-Like Returns (BBG) Yuan Surges as China Seeks New Tools to Block Outflows (BBG) French Presidential Candidate, Embracing His Catholicism, Challenges Secular Tradition (WSJ) Exxon Mobil, Tillerson agree to cut all ties (Reuters) U.S. banks gear up to fight Dodd-Frank Act's Volcker rule (Reuters) STOCK FUTURES NOW: YESTERDAY'S MARKET HEAT MAP: YESTERDAY'S S&P SECTOR PERFORMANCE: TODAY'S ECONOMIC CALENDAR: MOST ACTIVE TRENDING PRE-MARKET DISCUSSIONS (TICKER SYMBOLS ARE CLICKABLE!): UGAZ JNUG SGYP TSLA NVLS AEM.CA NUGT GDX AGRX ZYNE PVG.CA TZA SQQQ SONC DUST GDXJ AMZN VFC QQQ RRGB ALJ ALDW F THIS WEEK'S EARNINGS CALENDAR: THIS MORNING'S PRE-MARKET NEWS MOVERS: source: cnbc.com Alphabet — Google's parent company is turning its focus to India, where it will help small businesses create an online presence for free in an effort to tap into a new user population. Amazon.com — The online retail giant will sell TVs from Chinese electronics maker Tongfang equipped with Amazon's Fire TV software, giving users a range of streaming services and the ability to talk to artificial intelligence voice-activated assistant Alexa. Regeneron Pharmaceuticals — A federal court said it would not throw out a verdict upholding two patents Amgen has on its cholesterol drug, dealing a blow to rivals Sanofi and Regeneron, who produce a similar medication. Pfizer — Gene therapy company Spark Therapeutics received a $15 million payment from Pfizer for continued progress in developing a landmark medication to combat hemophilia. Johnson & Johnson — A U.S. judge nearly halved an award in a December verdict that ordered the health care manufacturer to pay over $1 billion in damages to plaintiffs hurt by the company's DePuy Orthopaedics Pinnacle hip implants. Hershey — The candy maker revealed plans to seek dismissal of a class action lawsuit filed by a customer claiming Hershey's deliberately misrepresented the number of flavors of Hersey Kisses in its 12-ounce bags. Tesla, Apple — Guggenheim initiated a "buy" on Tesla and Apple. The company said that next-generation automotive is a sector to watch as electrification and autonomous driving come into view and hailed the smartphone as "tech's most valuable piece of real estate." Carnival Corp. — The world's largest travel company unveiled an interactive guest experience platform, the Ocean Medallion, a wearable device the company said will enhance and personalize vacations by simulating a personal concierge. Facebook — Facebook chief Mark Zuckerberg made a New Year's resolution to visit and meet people in every U.S. state by the end of 2017. Mastercard — U.K. regulators said Mastercard's acquisition of payment systems company VocaLink raises competition concerns and asked the firms to either offer a solution or subject the $920 million deal to investigations. Have a great trading day to everyone in here on this Wednesday!
It's up (for now) ... let's see what happens by today's close. Also for anyone interested to track this final day of the SCR (Santa Claus Rally) you can access my live SCR tracker spreadsheet link here- <-- Click that button to open.
For the new year, investors could consider the following pointers while defining a portfolio strategy for 2017: 1) Developed Markets (DM) - US remains the obvious choice within the DMs. However, while Trump's pro-market policies look encouraging, their implementation and its impact on economy would not be immediate. US valuations also seem high. The sectors likely to benefit under Trump's administration would be Infra, Energy and Financials. For Bonds, investment in TIPS would help investors counter rising inflation. As for Europe, continued currency weakness and easy monetary policy is expected to support exporters. However, low valuations are justified given increased political uncertainty. Japanese equities remain attractive in light of weak Yen, improving corporate governance and low valuations. 2) Emerging Markets (EM) - For now, EMs are definitely more reasonably valued as compared to the overbought US markets. While the risk to EMs from trade wars and strong dollar remain, regions with low political risk, focus on domestic consumption and manageable debt burden will be the favourites. Russia remains a good bet as it benefits from rising oil prices and attractive valuations. India's fundamentals remain strong despite a temporary dip in growth from demonetisation. Indonesia looks good given its locally driven economy as also its reducing current account deficit. Despite slowing growth, China's growing domestic demand for goods and services is expected to contribute to China's stock market rise.
BULL MARKET!!!! looks like my labu and BAC plays are working out AMAZINGLY!!! 2 days into the new year!! moving up my stop to the 50 day on the XBI @ 61.49
^^ attaboy @Ken34 ! that's pretty dope ...you keep this up and ima be forced into recreating your money man pic haha.
Stocks at Session Highs as Fed Raises Prospect of Faster Pace of Rate Hikes Stocks moved to session highs on Wednesday afternoon after minutes from the Federal Reserve toyed with the possibility of a faster pace of interest rate increases. https://www.thestreet.com/story/139...l-reserve-minutes.html?puc=yahoo&cm_ven=YAHOO
I had a sinking feeling last night and took my es shorts off. Profitable, but no where near what I was hoping for. Now I'd like to see some Continued bullish action so I can get short again at better prices.
