SPX still down 10 points, but what a turnaround it would be if we actually manage to close in the green
di30 flirting with green here in this final hour ... i gotta go do some digging up on some stats to see when the last time the dj30 has come back from over a -500 point drop to touch green in the same day. on a percentage basis (what was it down over -2% at lod?) i'm sure it's happened before, but not so sure on a point basis.
wait a minute, what am i saying, this has happened before but not recently that i can recall. the last time i remember such a large point drop then turning green in the same day was on one of the wildest market days in history. oct. 10th of 2008 -- go look it up (the dj30 opened down -700 that morning, then actually rallied up +300 in the final hour, until closing down about -100 that day. ) ^^ i used to have a youtube video that captured cbnc coverage of that day, but of course youtube decided to terminate my entire account recently due to copyright. i still can't understand why they would kill my account now when they could have done this years ago...oh well
hah ya looks like this one is destined to close red today but a heck of a bounce off the lows that's going to be an interesting candle on the daily chart pretty large lower wick or bottoming tail looks like what was support on the way down (200ma) will now be resistance on the way up
Short seller who is suing Tesla changes his mind: 'Tesla is destroying the competition' https://www.cnbc.com/2018/10/23/sho...mind-tesla-is-destroying-the-competition.html Not sure if it is why the stock is up so much, but that's the news that I found
Texas Instruments Tumbles as Weak Chip Demand Saps Forecast https://www.bloomberg.com/news/arti...?utm_source=google&utm_medium=bd&cmpId=google Chip stocks have been weak lately, will be interesting to see how names like INTC and AMD do later this week on their earnings
VIX at 23 now. I don’t know, I still feel like we need more fear and panic before bottoming out If big tech stocks earnings later this week fail to lead this market to bounce then I think the market could be in some more trouble ahead
11 a.m. PST . Wednesday. $TICK hitting 600. Institutional buying signs showing up. From 2696 to 2706 currently
