likewise, i thought we'd retrace to halfback of the down move and test the 50-day (which it looks like we're doing right now) still thinking this gets taken back. 2743 is the 61.8% fib level. i think if it were to get over that convincingly then all bets are off. could be a V-shaped recovery back to, dare i say it, new highs at some point.
Good Thursday morning to everyone! The pre-market thread has been posted- <-- click there to read! Here's to a great trading day ahead to everyone in here today!
@OldFart thx oldie! happy to report that his recovery is going surprisingly well! it was quite the scare yesterday though. phew!
was that a successful test of the daily 50sma? will interesting to see if it can overtake it. bouncing off for now.
Dunkin Donuts DNKN with 3 times normal volume, moving pretty strongly a couple days now. @Steven_Burt hope you have a quick recovery
T + 2 settlement. So, I buy a stock on Monday morning and sell it on Monday afternoon. That's the "T" or the trading day. T + 1 = Tuesday. T + 2 = Wednesday. Does that mean, for example, that I can buy and sell with that money on Wednesday? I am thinking it settles on Wednesday and the money actually belongs to me on Thursday. And so, Thursday is when I could buy and sell on the same day, if I want, with that money. Is my my thinking about Thursday being the actual day I could do whatever with my money correct? I've never been really able to clarify this question precisely for some time now
Does your broker list " settled cash for trading" in your accounts tab? I know Scottrade used to and so did Optionsxpress ( both bought out by the way ).
I think T + 2 means your trade is settled on Wednesday if you sell on Monday, and you can use that cash to buy and sell on Wednesday. I think it used to be T + 3 for stock trading based on the link below but now it is a day shorter for the settlement date https://www.sec.gov/news/press-release/2017-68-0
@Steven_Burt Hope you get well soon Steven. Also @bigbear0083 good to hear that your dad is doing much better now
Indexes are very green. XLU (Utilities) doing great today after getting beaten up by rising interest rates lately while XLE (Energy) is having a pretty bad day
If the dollar continues to get weaker and we don’t have rapid rise on interest rates, it should bode well for this market to continue to go higher Multinational big caps should outperform small caps too.
here's a quick view of the major indices comparison since the correction started. the nasdaq has been outperforming the other majors back, now only about 3% away from ATHs
Ok. I did some more research and I think I answered my own question. For stocks, T + 2 applies [for a cash account]. The T + 2 means = trading day together with two days following. Those three days constitute the settlement cycle. So, in the above example, I can buy and sell shares of ABC on Monday and then buy DEF shares with that money on Monday. But I cannot sell DEF shares during the settlement cycle--I cannot sell those shares on Monday, Tuesday or Wednesday. I can only sell DEF shares on Thursday--at the earliest.
