Stock Market Today: May 15th - 19th

Washington is putting up more road blocks than 35W in Ft. Worth!

If you live any where near Ft. Worth, you've probably come to accept that the highway won't be finished any time in this decade

And if you live in America, you're probably wondering if our government plans on getting back to work anytime soon, or if they're just gonna lean against that tractor and watch all the cars back up behind those cones

 

We may get a well needed burp in the market. Time to shake the trees.

 

Brazil down big today

 

Today is so off a pump like GLYC was easily manipulated. It's a trap now imo.

 

Just a couple of thoughts on the current political conditions and how it might affect the market volatility. Currently the markets seem to be relieved that the special prosecutor will be taking over and the House and Senate investigations will be taking a back seat. Now more than likely the special council will almost certainly pull everything back behind closed doors for several months or even years before making any conclusions on if charges will be brought or not.

IMO taking the investigations out of the public hearings will only lead to more leaks, more frustrations and mistakes (from both sides), and the partisanship with the voters and the politicians could derail any substantial legislation for the duration. My thesis is that we have now moved into an era of "the news of the day" and volatility will be here to stay for some time.

In the short term the euphoria created by the campaign promises of the Trump trade will need to be unwound and that should create some near term opportunities for the bears, and some possible buying opportunities for the bulls.

.....FWIW

 

Noticedsome sellouts that seem to fly under the radar the last several weeks. The indices keep trending higher yet several good healthy stocks are down trending like nuts almost on a daily basis. May sound crazy but they followed the VIX, almost like they are slowly closing out position without stirring up the dust. Yesterday was a decent drop but it appears to be a buy the dip mentality for most. Makes me wonder.

 

I have been waiting for the buying opportunities for awhile

 

Me too, but I need at least 10%. ... but I hope for more lol

 

It always surprises me how, sometimes, I'll draw a trend line and then forget about it, and then one day it'll come back and have worked perfectly.

 

I could not agree more with you.
I follow where the big money goes. Bonds & currency. The size of equity market is just a baby comparing with the other two. VIX is good measure of expectation and volatility in the short term, but bonds & currency give a better insight in the mid & longer term.

USD index is in a down trend. Bonds bounced off the bottom of its upward channel.

 

Euro at 1.12 against the dollar now seems like parity not happening anytime soon Impressive bounce back for equities also

 

The VIX crashing back down to 12s, are we going to see 10s again soon

 

I guess BTFD continues to work until it doesn't