Chinese stocks trading here in the US. BABA, NTES, WB, ATHM, YY, YRD were red. I just found BIDU was green.
The pre-market thread has been posted- <-- click there to read! Here's to a great trading day ahead to everyone in here today.
Market pretty close at LOD here A lot of economic data coming up this week, the 10 year yields could be getting really close to 3% by end of this week if we get some strong data
KWEB down 2.6% and ASHR down 3.6% right now, Chinese stocks and the Chinese markets definitely will be something interesting to watch after the big news this past weekend
I think it was one of bigbear's posts where it was said that this recent strong data has been a vestige of the hurricane relief efforts, and once that got out of the system we'd be back to weak data. Nevertheless, we're nearing the uptrend line connecting swing lows in futures
just a heads up, VIX futures are inverted again, means risk is here, risk is now. but i dont think it will be as bad as the start to feb was. march is usually a pretty bullish month.
yep, here is the historical march performance of the major indices from 1997-2017. march typically starts off kind of choppy, then gets going around mid-month. march is also the 2nd to last month of the so-called "best 6 months of the year" for the markets historically speaking. we'll see if this holds true once again this year. march also ranks as the #4 best month in mid-term years. the very first trading day in march has been historically quite bullish. up 5 of the last 6 years.
Pre-market thread has been posted- <-- click there to read! Here's to a great trading day ahead to everyone in here on this final trading day of February.
whelp looks like today will end that record 15 month winning streak (on a total return basis) for the spx
February: not a real month. Confirmed WWE and FTNT have great relative strength, but really stretching the monthly Bollinger bands.
MSCC looking like it will be bought out by MCHP. edit: MSCC may hold out for a higher bid, but it certainly looks like MCHP wants them.
Music streaming service Spotify files to go public, lost $1.5 billion last year Spotify filed to go public on Wednesday. According to the company, shares have traded as high as $132.50 on private markets, which would give the company a valuation over $23 billion. It lost $1.5 billion in 2017, according to the filing. https://www.cnbc.com/2018/02/28/spotify-files-for-ipo.html GSVC spiked on the news
