Stock Market Today: February 26th - March 2nd, 2018

Discussion in 'Stock Market Today' started by Stockaholic, Feb 23, 2018.

  1. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Market sold off into the close 2 days in a row :eek:
     
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  2. stock1234

    stock1234 2017 Stockaholics Contest Winner

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  3. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    another late day sell off, this is getting interesting. i thought for sure the spx would atleast hold that key 2740 ish range, we might be headed lower over the next few days.
     
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  4. Stockaholic

    Stockaholic Content Manager

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    did not get a chance to post this up after the close yesterday, but here was just the quick look of the major indices percentage changes as of month end february-

    [​IMG]
     
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  5. Stockaholic

    Stockaholic Content Manager

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  6. Stockaholic

    Stockaholic Content Manager

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    good morning. welcome to march!

    The pre-market thread has been posted-
    [​IMG] <-- click there to read!

    Here's to a great trading month ahead to everyone in here! :)
     
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  7. Stockaholic

    Stockaholic Content Manager

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    [​IMG]

    amazing indeed ... here's one more look at it again for good measure :p

    [​IMG]
     
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  8. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    It's early, but GM is falling right through the 200 ma. Not usually a trading name. People online were saying a tariff on steel would knock the carmakers down. Do they use that much steel nowadays?
     
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  9. Steven_Burt

    Steven_Burt 2019 Stockaholics Contest Winner

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    When does the FED testify today?
     
  10. Stockaholic

    Stockaholic Content Manager

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    @ Steve should be going on right now (10am eastern).
     
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  11. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Man this AAXN move was immediate.
     
  12. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Great day for steel stocks :D
     
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  13. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Nikkei and German DAX down -3%...kind of a squat "h pattern".
     
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  14. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Wow market selling off here :eek: Some people are citing the trade war fear especially with China as the catalyst
     
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  15. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Last year we had a lot of flat days, triple digit move for the DOW is the norm this year though starting from February :p
     
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  16. Frankenstein

    Frankenstein Well-Known Member

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    Ok. Back in the game again. I exited my longs a while back. Got out too soon. But profited anyway. With this retrace, I entered long at 2665. The price shall go up at some point for a meaningful profit. This is a buy zone for me. If it goes down, I'll probably enter some more.
     
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  17. Stockaholic

    Stockaholic Content Manager

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    haha indeed.

    this could be the first time since the beginning of 2016 that we've had back-to-back-to-back -1% or greater down days for the spx today. :p

    this will also most likely be the 10th time already this year that the spx has closed down by at least -0.50% or greater.

    it only did that 6 times in all of H2 of 2017. :p
     
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  18. Frankenstein

    Frankenstein Well-Known Member

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    The hour chart is forming an inside bar. The last hour bar could be meaningful
     
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  19. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    10 year yields back down to 2.8%, I guess we won’t have to worry about 3.0% for awhile :p The dollar is also getting hit right now on the trade war fear
     
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  20. Frankenstein

    Frankenstein Well-Known Member

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    Ok. Past 12 p.m. PST. So, the final hour should be suggestive
     
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