Market back into red While yields are still far from considered as high or really attractive, we are now definitely moving away from those extremely low levels. Easy money has been made and now we probably need strong earnings and economic growth to keep moving this market significantly higher
Looks like a lot of positive earnings reactions so far after the bell I wouldn’t be surprised to see the market opening higher but then selling off if interest rates moving higher again tomorrow though
Earnings Season’s Biggest Winners and Losers…So Far Apr 25, 2018 The average stock that has reported earnings this season (since 4/10) has fallen in price on its earnings reaction day (the first trading day following a stock’s earnings report). Below is a list of the stocks that have posted the biggest one-day gains in reaction to their earnings reports. For stocks that report after the close, we use the next day’s price change. For stocks that report before the open, we use that day’s price change. As shown, Limelight Networks (LLNW) has seen the best response of any stock on earnings this season with a one-day gain of 21.71%. Just two other stocks have seen gains of more than 15% on their earnings reaction days — Ericsson (ERIC) and Santander (SC). Six other stocks have posted gains of more than 10% — SANM, STNG, HLX, USNA, LRN, and TRU. Other notables on the list of biggest earnings season winners include Netflix (NFLX), Six Flags (SIX), Intuitive Surgical (ISRG), American Express (AXP), and CSX. While 9 stocks have gained more than 10% on their earnings reaction days so far this quarter, 13 have fallen more than 10%. The three worst performers in reaction to earnings have been Skechers (SKX), trivago (TRVG), and Pier 1 Imports (PIR). All three of these stocks fell more than 20% in response to earnings. Bed Bath & Beyond (BBBY) just missed falling 20% with a one-day decline of 19.95%. Other notables on the list of biggest earnings season losers include Philip Morris International (PM), Freeport-McMoRan (FCX), IBM, 3M (MMM), and United Rentals (URI).
I fully expect the price to rally to test that 2670 level--but it might test that 2700 and even beyond. I don't know whether I want to exit for profit taking at 2670 or work with the possibility of 2700 and beyond.
Good Thursday morning to all. Here is the pre-market thread for those wanting to get a quick read in before today's open- <-- click there to read! I hope everyone has a great trading day ahead today!
Ok, so it's at 2659 on the SPX at 7:12 a.m. PST. I had mentioned I expected a test of that 2670 level--and then I have to decide whether to hang on with my longs or to exit for profit taking. I might just exit around the 2780 level or so, if that happens
[I don't know where everyone went. Before this website, there was another one. A lot of people populated that. But, now, they are all gone. Hmmm. I'm puzzled what happened to all of them. There used to be a lot of interesting comments from them]
Indeed, it has been difficult trying to get people to be active, and stay active on this site. If you have any ideas to get more people involved and bring in traffic, feel free to let us know! We want it to get busier so we can all have more conversation, which results in more ideas, and everyone making more money from those ideas.
SPY with a 3 time bounce off VWAP this morning.....impressive...but now we're showing multiple tops at 266.... Another bott fight I guess..
so, the SPX is struggling as it tests the 2670 level. It hit as high as 2664. I exited my long positions for risk management. Good enough
