btw, sorry a bit late to respond to your earlier post from the other day marcy. i think you were asking what the max. pullback was in 2017. here's the quick chart showing the max drawdowns per calendar year going back to 1980. 2017 did a max -3% pull the whole year, which matched the one from 1995. we've done a bit worse than 2017, but still within the range. while i still think this year will be quite similar to 2017, it wouldn't surprise me if we did a bit worse. i'm really curious how that jackson asshole event in late august will impact the market as we draw closer to the end of summer. i think if the majors can outlast sept/oct without a larger pullback, then i think there's a good chance that the current max. pullback for this year holds. we'll see, that said it's a bit ominous to me how many market indicators are starting to turn, and we're seeing far fewer new highs in individual names, while the major indices are still setting new heights. meanwhile, as @stock1234 mentioned too, the small caps index (russell2k) is about to hit a correction. thunder in the distance for the rest of the market? we shall see.
Thanks for that @bearmarketcrash, very nice graph. I didn't know the 90s were so great, no 10% drawdown for 6 years. 2017 was a very bullish year, only 1 month was a downer (-0.04% down in March 2017 to be exact). So far this year only January was a down month. Right now we are back at the month's low, in the overnight session.
Looking at the cloud stocks, there's a handful that look to be worth a look: NET and SHOP everyone knows, but there's also DOMO and WK.
Actually got a VIX spike today; my protection is paying off. On the bull side though, the Fear & Greed index is below 20 and SPY is back at the 50 sma support. Recalling 2017, it was so rare to see a down month; we could bounce right back to green for this month. Time to work off some volatility?
Robinhood seeks valuation of up to $35 billion as public company - CBS News The company is expected to make its stock market debut on July 29. It will list on the Nasdaq under the "HOOD" ticker symbol.
I bought this dip, but there may be another one in a month or so. I didn't want to miss this opportunity in case the next one doesn't come along. I can always buy some protection again. SPCE bounced nicely today; it could go sideways this month which means it has 50% upside potential if it can get back to $50. That kind of action could draw in more buyers before the next dip (that could happen). TLT is currently outperforming SPY, hoping this doesn't persist too long. Consumer staples are looking good, especially COST.
SOLD CYTK @30.6 s/l 31.45. Target - somewhere at 20. Reason - as usual for farma - new research, new results, skyrocketed and then go down to fill the gap chart
Netflix offering video games in 2022 (ksat.com) The popular streaming service does not plan to charge extra for access to the games
Heading for another end of the week sell off? Looking like majority of stocks have nearly completely rebounded from the recent backslide. I am still bearish for the next month or so.
Bullish analysts name Nvidia a top pick and Dow contender (NASDAQ:NVDA) | Seeking Alpha CFRA writes that Nvidia's recent stock split "could help support NVDA’s case to be added to the price-weighted Dow 30 index.
Just found out that the XBI is now way off from its 52 week highs For biotech I mainly play in 3 themes now 1. Gene Editing (CRSP, NTLA, EDIT, BEAM, etc.) 2. COVID Vaccines (MRNA, BNTX, NVAX, OCGN, VXRT, etc.) 3. Alzheimer's (SAVA, ANVS, AVXL, PRTA, CRTX, etc.)
