Stock Market Today: April 24th - 28th

Discussion in 'Stock Market Today' started by Stockaholic, Apr 21, 2017.

  1. Wolfy

    Wolfy Active Member

    Joined:
    Apr 6, 2016
    Messages:
    127
    Likes Received:
    49
    Thanks CY for the prep talks.

    Gold got sold off big time after the first round. I think the outcome is the best scenario out of them all. Le Pege is like 20% lagging on every polls. She stands a little chance to win.
     
    Stockaholic likes this.
  2. mina elmim

    mina elmim Member

    Joined:
    Jan 23, 2017
    Messages:
    12
    Likes Received:
    4
    I'm thinking this rally is going to continue till midweek, then government shutdown is gonna start weighing the market down. Best play is probably to inverse market toward close tomorrow (long vix, gold,...) then close those positions when the budget vote brings volatility back up. Lots of opportunities, but it's to late to get in on any good straddles, and any other plays are just a gamble.
     
  3. Stockaholic

    Stockaholic Content Manager

    Joined:
    Mar 29, 2016
    Messages:
    13,767
    Likes Received:
    7,050
  4. Stockaholic

    Stockaholic Content Manager

    Joined:
    Mar 29, 2016
    Messages:
    13,767
    Likes Received:
    7,050
  5. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,959
    Likes Received:
    1,813
    I knew I should have grabbed SPY calls last week.
    We've been bull flagging for a while now.

    I did grab some TGT calls last week though. Looks like a creek forming. I'm no expert on creeks though so we'll see what happens...
     
    Stockaholic likes this.
  6. Stockaholic

    Stockaholic Content Manager

    Joined:
    Mar 29, 2016
    Messages:
    13,767
    Likes Received:
    7,050
    Baggi and OldFart like this.
  7. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,959
    Likes Received:
    1,813
    Home with back issues today.
    Thought I'd bore everyone with some posts
    Lol

    Good job as always Cy!
     
    stock1234, Baggi and Stockaholic like this.
  8. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,666
    Likes Received:
    4,687
    New ATH for NASDAQ, not too far way from 6K too :D
     
    OldFart likes this.
  9. Stockaholic

    Stockaholic Content Manager

    Joined:
    Mar 29, 2016
    Messages:
    13,767
    Likes Received:
    7,050
    pretty huge move in the vix today too ... flirting with that 10-handle again :eek:
     
    OldFart likes this.
  10. Stockaholic

    Stockaholic Content Manager

    Joined:
    Mar 29, 2016
    Messages:
    13,767
    Likes Received:
    7,050
    OldFart likes this.
  11. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,666
    Likes Received:
    4,687
    [​IMG]
    Huge day for European equities :D
     
    OldFart likes this.
  12. Stockaholic

    Stockaholic Content Manager

    Joined:
    Mar 29, 2016
    Messages:
    13,767
    Likes Received:
    7,050
    Nasdaq Closes in on a Milestone
    Apr 24, 2017

    The Nasdaq Composite index is quickly closing in on a major milestone, the likes of which it hasn’t seen in over 15 years. At a level of 5,985 this afternoon, the index is just fifteen points from a first-time crossing of a 1,000 point threshold. The table below lists each prior thousand point level that the Nasdaq has crossed over time, along with how many times it crossed each level (on a closing basis) to both the upside and downside. After first crossing above 5,000 back in March 2000, the Nasdaq has gone more than seventeen years without crossing another 1,000 point milestone. What makes this drought even crazier is that the amount of time it took the Nasdaq to first cross 1K, 2K, 3K, 4K, and 5K (1,697 calendar days) was less than a third of the 6,255 days that have transpired since that first close above 5K. In other words, from July 1995 through March 2000, the Nasdaq quintupled in less than a third of the amount of time that it has since taken to advance 20%!

    [​IMG]

    The chart below shows each of the dates that the Nasdaq first crossed every 1,000 point level from 1,000 through 5,000. As shown, some of these milestones came and went quickly. Back in late 1999, the Nasdaq rallied 33% from 3,000 to 4,000 in the span of less than two months. Then, as an encore, it spiked another 25% in just over two months. What’s even more amazing about these huge moves in such short periods of time is that, at the time, people actually thought it was perfectly normal!

    [​IMG]
     
    OldFart likes this.
  13. Stockaholic

    Stockaholic Content Manager

    Joined:
    Mar 29, 2016
    Messages:
    13,767
    Likes Received:
    7,050
  14. Stockaholic

    Stockaholic Content Manager

    Joined:
    Mar 29, 2016
    Messages:
    13,767
    Likes Received:
    7,050
  15. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    9,611
    Likes Received:
    3,573
    So, Trump puts tariffs on Canadian lumber?

    This is a great move!

    Now American houses that rely on Canadian lumber will cost more to build, making houses more expensive... which is good because.... Im still working on this part.
     
  16. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,666
    Likes Received:
    4,687
    The NASDAQ hit a new milestone today :D
     
  17. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,666
    Likes Received:
    4,687
    No wonder some homebuilder names are underperforming the market today :eek:
     
  18. Baggi

    Baggi Active Member

    Joined:
    Apr 6, 2016
    Messages:
    719
    Likes Received:
    151
    Because a lot of us who own homes will now have more equity in our homes?

    I'm for free trade. One thing I don't like about Trump's politics are his trade war stuff.

    However, lots of people would love to have fewer homes built thus increasing the value of their homes via supply and demand.
     
  19. Stockaholic

    Stockaholic Content Manager

    Joined:
    Mar 29, 2016
    Messages:
    13,767
    Likes Received:
    7,050
    Earnings calendar gets busy. :eek:

    Here are some of the upcoming ERs due out after the close today:
    ($X $CMG $T $WYNN $TXN $JNPR $LOGI $ILMN $CREE $DFS $PNRA $EW $COF $ARNC $BOFI $IRBT $SYK $MRCY $CB $JBT)
    [​IMG]

    [​IMG]
    [​IMG]

    Here are some of the upcoming ERs due out before the open tomorrow morning:
    ($TWTR $BA $STX $ALK $PG $PEP $GD $UTX $WM $NOC $FCAU $CVE $ANTM $LEA $DPS $IR $WYN $NSC $APH $CX $TMO)
    [​IMG]

    [​IMG]
    [​IMG]
     
    Baggi likes this.
  20. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    4,338
    Likes Received:
    3,384
    Personally I'd be surprised if VIX goes below 10.7.
     

Share This Page