Stock Market Today: December 17th - 21st, 2018

Discussion in 'Stock Market Today' started by Stockaholic, Dec 15, 2018.

  1. Stockaholic

    Stockaholic Content Manager

    Joined:
    Mar 29, 2016
    Messages:
    13,767
    Likes Received:
    7,050
    ding dong! and there's the close... phew! another crazy and wild one today! i feel like a broken record saying that of late hah :p
     
    stock1234 likes this.
  2. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,591
    Likes Received:
    4,621
    Anyone knows what time the market will close on Christmas Eve? I probably will need to set an alarm clock to get up if it is 1 PM :p
     
  3. Frankenstein

    Frankenstein Well-Known Member

    Joined:
    May 18, 2016
    Messages:
    788
    Likes Received:
    396
    Interestng. The VIX is only at 24.98 even though we collapsed non above SPX 2500 for a moment
     
  4. Stockaholic

    Stockaholic Content Manager

    Joined:
    Mar 29, 2016
    Messages:
    13,767
    Likes Received:
    7,050
    pulled from the 2018 stock market holiday thread-

    looks like you are right. 1pm eastern time early closing on xmas eve ;)

    [​IMG]
     
    stock1234 likes this.
  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,591
    Likes Received:
    4,621
    Thanks Cy :)
     
    Stockaholic likes this.
  6. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,591
    Likes Received:
    4,621
    Actually I might not need an alarm clock, I forgot that 1PM Eastern is 8 am here rather than 7am in winter :p
     
    Stockaholic likes this.
  7. Stockaholic

    Stockaholic Content Manager

    Joined:
    Mar 29, 2016
    Messages:
    13,767
    Likes Received:
    7,050
    just stumbled across this...looks like i am way off on the "worst december on record" (at least for the dj30) :p

    i think this record is safe unless things just completely meltdown and we don't get the santa rally :p

    [​IMG]
     
    stock1234 likes this.
  8. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,591
    Likes Received:
    4,621
    Haha but will still be interesting to see if we will have the second worst December ever. Gonna be a close call :D Can't really remember but I guess we rallied a little bit in December 2008 before selling continued in January 2009 :rolleyes:
     
    Stockaholic likes this.
  9. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,591
    Likes Received:
    4,621
    Steven_Burt likes this.
  10. afin

    afin New Member

    Joined:
    Dec 20, 2018
    Messages:
    1
    Likes Received:
    1
    Hi, newbie member here. Is there anyone here who trades crude oil?
     
    Steven_Burt likes this.
  11. Steven_Burt

    Steven_Burt 2019 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    449
    Likes Received:
    488
    Stockaholic likes this.
  12. Stockaholic

    Stockaholic Content Manager

    Joined:
    Mar 29, 2016
    Messages:
    13,767
    Likes Received:
    7,050
    gm! no pre-market thread from me today ... had an unfortunate system failure early this AM. thankfully i managed to correct it with a reformat, but wow, what a pain in the ass! good to be back up and running. hope everyone has a great trade day ahead!

    [​IMG]
     
    Steven_Burt likes this.
  13. Steven_Burt

    Steven_Burt 2019 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    449
    Likes Received:
    488
    r.png r.png

    SPX appears to be rounding here. could run up from here.
     
    Stockaholic likes this.
  14. Steven_Burt

    Steven_Burt 2019 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    449
    Likes Received:
    488
    If we lose 2488, I have 2425? anyone see any support above there?
     
  15. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

    Joined:
    Dec 14, 2017
    Messages:
    485
    Likes Received:
    633
    I don't.

    I've opted to start looking at this market as part of multi-year charts. On the two year daily chart, the next biggest chunk of volume-by-price is in the 2350-2450 range. So I'm waiting to see if we get some stability as we approach 2450.

    Screenshot 2018-12-20 at 11.37.20 AM.png

    If that doesn't hold, it's off to the 3-year chart and a heart-wrenching 2000-2200 support (by volume) area.

    Screenshot 2018-12-20 at 11.40.43 AM.png

    Something else to note: VIX is steadily rising and has room to grow.

    Screenshot 2018-12-20 at 11.45.55 AM.png
     
  16. Steven_Burt

    Steven_Burt 2019 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    449
    Likes Received:
    488
    Killing me to watch this flush. I thought we would get a retest on broken support and it just ran away from me.
     
    stock1234 likes this.
  17. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,591
    Likes Received:
    4,621
    Looks like the NASDAQ entered bear market territory briefly earlier today :eek:
     
  18. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,591
    Likes Received:
    4,621
    If today is December 31st then it would be the worst year for stocks since Year 2008, still on track for it to happen :eek:
     
    Stockaholic likes this.
  19. Stockaholic

    Stockaholic Content Manager

    Joined:
    Mar 29, 2016
    Messages:
    13,767
    Likes Received:
    7,050
    yeah looks like it's been flirting in and out of bear today :p

    meanwhile, don't look now but the spx and dj30 just about 4% and 5% away respectively :eek:

    2,352.73 is the exact -20% bear level on the spx

    [​IMG]
     
    stock1234 and Three Eyes like this.
  20. Stockaholic

    Stockaholic Content Manager

    Joined:
    Mar 29, 2016
    Messages:
    13,767
    Likes Received:
    7,050
    that's a pretty amazing stat right there :eek:

    how's this for another crazy stat, but if the year were to end right here, this month of december would be the worst month in 2018.

    never has the month of december been the "worst month of a full year" for the spx in history. it could happen this year. :p

    also of note is that yesterday the SPX closed at a new calendar year closing low in the month of decemeber for the first time since 2000.

    before that? 1987. :eek:
     
    stock1234, Steven_Burt and Three Eyes like this.

Share This Page