2017 was one of the least volatile years ever for the US equity market. The S&P 500 averaged an absolute daily change of just 0.30% last year. Due to a pick-up in volatility during the S&P’s correction in the first quarter, the average absolute daily change for the index is more elevated this year at +/-0.64%, but more recently we’ve seen a pretty big drop in the action. As shown in the chart below, the S&P has averaged an absolute change of just +/-0.40% over the last 50 trading days, which is well below the average of 0.70% seen throughout the current bull market. From a seasonal perspective, September and October have historically been the most volatile months of the trading year, but so far this September, the S&P has averaged a daily move of less than 0.24%. It’s starting to feel like 2017 all over again!
good tuesday morning to all. here is the pre-market thread for those wanting to get a quick read before the open- <-- click there to open! hope everyone has a good trading day ahead.
tariffs, schmariffs did we get our "time" correction the past few weeks? this is going out on a bit of a limb here, but absent a true black swan event, i'm kinda thinking we won't see a meaningful pull until the dj30 has printed a new ATH kind of unusual to me to have all majors printing a post feb. correction high but failure of one or two indices. nyse comp has a way's to go too.
What tariffs Maybe the tariffs now becoming a reality actually remove some uncertainty from the market 10 years yields now breaking above of 3% Banks stocks not exactly rallying though despite higher yields
Best Performing S&P 500 Stocks QTD With under two weeks left to go in the quarter, Q2 2018 is shaping up to be a good one for US equities. S&P 500 stocks have posted an average gain of 5.7% so far this quarter with over three-quarters of the index in the black. So much for the weak breadth argument! In terms of top performers, the 34 stocks listed below are all up 20% or more QTD. Leading the way higher is Advanced Micro (AMD), which is up an unbelievable 113%. Trailing way behind in AMD’s dust, the next best-performing stock on the list is Flowserve (FLS), which is still up a respectable 38% followed by Arconic (ARNC), QUALCOMM (QCOM), HCA Healthcare (HCA), and PerkinElmer (PKI), which are all up over 30%. In terms of the FANG stocks, you have to go down to position number – wait. There are no FANG stocks on the list of top performers! In fact, in order to include even one FANG stock on this list, we would have to extend it to the top 100 stocks (AMZN – 95th). For the list to include two FANG stocks we would have to extend it to the top 300 names (GOOGL – 287th), and finally to include all the FANG stocks, we would simply have to show all the stocks in the S&P 500, as Facebook (FB) is all the way down at position number 490 in terms of its QTD rank. That’s right, only ten other stocks in the S&P 500 have done worse this quarter than Facebook.
What a bull market it has been We are well on track for another pretty good year for the bulls with just a little over 3 months left for the year, but of course a lot could still happen with the midterm elections and the ongoing trade war. We will see, but hard to see this market finish red for the year unless something really dramatic happens
DDD and SSYS have held above their August 7 gap, and are meeting the rising 50ma. Things look good there.
good wednesday morning to all. here is the pre-market thread for those wanting to get a quick read before the open- <-- click there to open! hope everyone has a good trading day ahead.
The banks finally have a good day on higher yields today. Higher valuation sector like tech is underperforming though
If I had the cash I would sell some puts on this - the premium is ridiculous and even if you got assigned it might be a blessing!
Good to see you back @AverageJoesTrades, haven’t seen you here in awhile. While I think pot businesses have some growth potential, this thing right now is trading purely on momentum. Actually cooling off now, up just 8% and seems like trading is halted
