hah yeah boring is right ... we'll see if that changes any this afternoon. i just stumbled across this chart this morning and thought to post in here. chart below is an intraday of the spx on rate hike days over the past year (there have been 3 since last september). i wonder if we'll see this same patter play out today...small spike on the an actual announcement, followed by a late day selloff. it's worth noting that the moves haven't been very large at all though...pretty uneventful of late.
Another not so eventful FED day Market still green but the initial gains right after the FED announcement are fading. Looks like the banks are pretty close to LOD with interest rates pulling back
seems that chart played out to a tee once again today...small spike to HOD post-hike announcement followed by late day red...rinse and repeat eh
Thanks Cy I thought overall market would have done better though if rates pullback, but looks like the banks just lead the market lower
Bank stocks are pretty big disappointment lately, they haven’t done that well even when rates hit multi year highs lately
Nasdaq Up 9 Quarters in a Row…Again The Nasdaq Composite is set to finish higher for the 9th consecutive quarter when exchanges close this Friday, September 28th. (With a QTD gain of more than 6%, it would take a dramatic plunge over the next two trading days for the quarter to end in the red.) Below is a chart showing streaks of quarterly gains for the Nasdaq Composite since its inception in 1971. Nine quarters of gains is not quite the longest streak on record, and it’s not even the longest streak of the last six years! The longest stretch of quarterly gains made it to ten from Q1 2013 through Q2 2015. Prior to that, the record was 8 quarters back in the mid-1990s (Q1 1995 through Q4 1996). Not even during the Dot Com boom of the late 1990s did we see such consistency of gains for the Nasdaq. While the Nasdaq has been more consistent to the upside during this bull market than it was during its epic late-1990s rally, the size of the quarterly gains seen this time around don’t come close to matching the rallies seen back then. In the chart below, we show the quarterly price change for the Nasdaq going back to 1971. Yes, we’ve seen very nice quarterly gains of 5-10% many times during the current bull, but from 1997 through Q1 2000, the Nasdaq posted seven double-digit quarterly percentage gains, including a gain of 29.5% in Q4 1998 and a ridiculous 48.2% gain in Q4 1999. This period is nothing like the 1990s. ____________________________________________________________________________________________ New S&P 500 Sector Breadth Levels Sep 26, 2018 Below is a look at the average stock’s distance from its 50-day moving average using the new GICS sector re-classifications that were made earlier this week. As shown, the average stock in the broad S&P 500 is 1.08% above its 50-day moving average, while Health Care stocks are the most extended at +3.92%. Four other sectors have readings above the overall average — Industrials, Energy, Technology, and the new Communication Services sector. On the downside, there are three sectors with negative readings. The average Real Estate stock is 2.14% below its 50-DMA, which is the weakest of any sector. Utilities and Financials are the two other sectors in the red. In terms of breadth, 59% of S&P 500 stocks are above their 50-day moving averages, and five sectors have stronger readings than that — Health Care (86%), Industrials (76%), Energy (71%), Technology (68%), and Communication Services (64%). Just 10% of Utilities stocks are above their 50-day moving averages, which is by far the weakest breadth reading of any sector. Financials and Real Estate are the only other sectors with readings below 50%.
i was beginning to wonder when the last time we had a 1% move up or down in the markets (or the SPX anyway), funny timing as i had just stumbled across this chart below. turns out it's been a while since the SPX has made a 1% move in either direction (+/-), in fact this is the 4th longest streak ever right now. only 1993, '95 and 2017 saw a longer streak than this. i honestly did not think this would be yet another least volatile year on record after that feb. correction.
Yeah definitely a pretty calm market lately and we aren't seeing much volatility at all Pretty amazing when we have the trade war headlines going on
good morning! i'm actually running a little early this morning. here is the pre-market movers & news thread for those of you wanting to get a quick read before today's open- <-- click there to read! hope everyone has a good trading day ahead today.
Nice bounce back for the market after the late selloff yesterday Interestingly the big cap is outperforming small cap despite the stronger dollar today, usually the opposite happens when the dollar is up
man, can't believe tomorrow will be the final trading day of the month and q3 ... this year has really gone by waaay too fast
I know lol Pretty calm year at least until now except when the volatility spiked earlier this year in February.
good morning! another early start for me this AM. here is the pre-market movers & news thread for those of you wanting to get a quick read before today's open- <-- click there to read! hope everyone has a good final trading day of september and q3 today.
