I bought a little today, wouldn’t mind to see this selloff to continue though and so I can buy more at lower prices
they beat across the board, this the typical swingy movement that happens in these amd type stocks after numbers, wont know whats real until the conference call and the open tommorow.
Exactly. Any purchase non above around 2720 should mean a person can 1. either profit or 2. minimally, break even. As to what happens after the price retraces to the 2720 level is up to the trader. Some might profit take,or risk manage at that point and others may exit some and maintain a long position with some--but this all depends on what the price action looks like at that point. This is all according to my theory of the price action.
But this price action beats the price hovering between 2850 and 2870 forever, with only a 5 or 10 handle move each day--which may actually happen again if we ever re-test that ATH
Dropbox will price IPO at $21 per share, source says https://www.cnbc.com/2018/03/22/dropbox-will-price-ipo-at-21-per-share-source-says.html Dropbox will start trading on the Nasdaq on Friday with the ticker "DBX."
The last major correction in the S&P occurred back in Aug. 2015. It bottomed in Feb. 2016 then proceeded to consolidate for nine months before breaking out to new all-time highs in Nov. 2017. The below chart details how the volume was distributed on its way up. As always, 70% of the volume occurs between the VAH (Value Area High) and VAL (Value Area Low). The POC is the "point of control" (aka most active price). As you can see in the chart, there was a false breakout above the VAH on buy volume that was lower then the previous sell volume. Once something breaks down below the VAH - price is likely to revert back to the POC (i.e. SPX 2438)
China responds to Trump tariffs with proposed list of 128 US products to target China on Friday announced plans for reciprocal tariffs on 128 U.S. products that include pork, wine, fruit and steel. Beijing said it will take measures against the U.S. goods in two stages if it cannot reach an agreement with Washington. https://www.cnbc.com/2018/03/22/chi...h-proposed-list-of-us-products-to-target.html Still early but right now it seems like a red opening tomorrow morning is likely
I still see these tariffs as trying to bring other countries back to the negotiating table. Free trade needs to be fair trade. I've been saying this exact same thing since NAFTA was signed as well as GATT and the WTO. Most trade pacts were in everyone else's interests, and not ours. Look at the standard of living in China in the last 15 years vs the USA. Our standards have gone down while there's has gone up. It needs to be a two way street.
Like you expected, it's looking red so far. Not nearly as red as a few days earlier these last 2 weeks though.
New home sales fall for third straight month in February https://www.cnbc.com/2018/03/23/new-home-sales-february.html
What free online sites you guys use to keep track of your portfolio? I was using the google finance portfolio manager and it worked well before the recent changes. I am not adapting well to the new look and info it puts out. Any help will be greatly appreciated.
There's a thread over in personal finance that has on-and-off been discussing this. You might get some ideas there. I was a diehard user of Google Finance for tracking mulitple portfolios in a glance. I painstakingly migrated everything over to Google Sheets and never looked back.
