"wanted" is past tense... Investing is based on the future.... And your frown should be upside down, cause we're in a bull market :- ) Like @stock1234 said, don't be afraid to jump in... Kick off your shoes and stay a while... I'm new at this game too, and I've learned a TON here!!!
We are in a bull market, however, when optimism reaches its highest panic sets in more easily when a bad day happens. After reading the following article I have become more bearish (like @bigbear0083). We are essentially at full employment, trumps tax cuts likely won't happen any time soon (if they do we will increase our debt immensely) and, well, it's May. http://money.cnn.com/2017/05/22/news/economy/trump-budget-gift-to-rich/index.html
I did some weekly calendar plays in MOMO and TOL, both to the downside though. We'll see what happens tomorrow. I'm also short the market right now. Market went down about 6 points on the terrorism news, and then right back up again. Maybe there's just no one in the world who is short but me. I can't figure out who keeps buying at these levels, but I guess if the buying can go on forever, it will.
Good morning Stockaholics! Happy Tuesday, May the 23rd. Here are your pre-market stock movers & news on this Tuesday morning- 5/23 Tuesday Market Movers & News: NOK, AZO, A, TTWO, TOL, CSX, AZN, H, WING, MCK, DSW <-- click there to view! I hope everyone has a really good trading day in here today!
ATVI has been doing wonders for my portfolio as of late. I added to my position yesterday luckily. Up 5%
FED Minutes tomorrow, usually not market moving but it could tomorrow since the market will be looking for hints whether the FED still plan to hike rates 2 more times this year
resilient markets continue to stay resilient! admittedly i am somewhat surprised that we are holding up given all of the negative and depressing headlines we received just 24hrs ago ... albeit i didn't think that "event" alone was going to be the reason to be down today ... but this market sure has had plenty of excuses for a deeper pullback ... and just about everything but the kitchen sink thrown at it over the years ... but here we are still flirting with ATHs i'll be honest but i didn't see this bounce coming, or at least i didn't think it would be as strong as it ended up being ... you just can never count this market out ... and although i still do feel we will "eventually" get a correction one of these days/weeks/months/years lol ... it is amazing to me that we're hanging around the highs with all this market has had to put up with ... very impressive the chart below is a couple of days old but it's worth noting that this current bull market that started in march of '09 is coming up on 3,000 days long! only the raging 90s bull run was longer ... never say never but is it possible that this current bull market will eclipse the longest running bull in history which was 4,494 days long from 1987-2000? still have a few years to go to find out
could see a new ath close for the spx today ... 2402.32 was the prior ath close on 5/15 ... we've just about recaptured 100% of last wednesday's down move
Earnings after the close today / Before market open tomorrow- ($LOW $TIF $UNTU $AAP $DY $SDRL $ANW $CHS $EV $GOGL $KLXI $ASND $BMO $NM $JASO $TCS $OOMA $VSAT)
Long way to go before we break that record indeed, wouldn't surprised me if we do break that record eventually with the easy money created by global central banks
The strength of this rebound is way beyond my expectations. I am starting to doubt my weekly prediction
Earnings after the close today / Before market open tomorrow- ($BBY $DLTR $NTAP $BURL $ANF $MDT $HPQ $PSTG $PVH $SAFM $TD $SIG $GES $WSM $IGT $TTC $HRL $NGL $RY)
