Daily Discussion - Main Discussion thread

Discussion in 'Stock Market Today' started by T0rm3nted, Feb 8, 2021.

  1. stock1234

    stock1234 2017 Stockaholics Contest Winner

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  2. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Yeah the Japanese market is pretty volatile, usually they outdo us on the downside when the US market has a big red day
     
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  3. T0rm3nted

    T0rm3nted Moderator
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  4. Frankenstein

    Frankenstein Well-Known Member

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    Well, the ES--15 minutes before market opens today--seems to suggest the cash market will likely go for that SPX 4400 test I mentioned before. Unfortunately, I exited all my long positions for "risk management." I had hoped for one more re-trace for buying at around the 4300 level again before this happened. But, go with my trading plan, always, I've learned.
     
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  5. removedatuserrequest

    removedatuserrequest Well-Known Member

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    Morning Stockaholics! It's almost about that time again...earnings season! :D

    Here is the full anticipated calendar per EW for this month of October.
    ermonthly1.jpg

    Also just a quick note from EW on this monthly calendar:
    Finally, this morning's pre-market thread is now up on the r/StockMarket subreddit for those of you looking for a quick read before today's cash market open.
    https://www.reddit.com/r/StockMarket/comments/q37wpc/107_thursdays_premarket_stock_movers_news/

    GL to y'all's rest of this week and month of October trade. :thumbsup:
     
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  6. Frankenstein

    Frankenstein Well-Known Member

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    Yep, It happened. SPX over 4400 at the open
     
  7. Frankenstein

    Frankenstein Well-Known Member

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    Ok. I'm no longer interested in the SPX until another significant re-trace. Going with my plan!
     
  8. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Didn't the last one set a record for beating expectations?
     
  9. TH Analysis

    TH Analysis Member

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    Screenshot 2021-10-07 at 19.11.51.png 15000 tagged on the #NQ again. non-farm payrolls tomorrow so wasn't expecting too much from the futures / equities today.
    Because the market usually positions itself before the Friday data I just wanted to trade the ranges. Caught a nice breakdown from Point of Control to the VWAP.
     
  10. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Huge bounce for Chinese Internet stocks today, BABA up 8% :eek:
     
  11. T0rm3nted

    T0rm3nted Moderator
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  12. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Energy stocks continue to run :eek:
     
  13. removedatuserrequest

    removedatuserrequest Well-Known Member

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    Here are the notable earnings releases as well as the highest volatility earnings releases due out for next week courtesy of earnings whispers (earnings season kicks off this week!).

    And here is the market week ahead thread which is now up on the r/StockMarket subreddit for anyone looking for a quick read over this coming weekend:
    https://www.reddit.com/r/StockMarket/comments/q48kyk/wall_street_week_ahead_for_the_trading_week/

    I hope you all have a splendid weekend, and a great trading week ahead. :thumbsup:

    er1.png
    ervol1.png
     
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  14. T0rm3nted

    T0rm3nted Moderator
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  15. Frankenstein

    Frankenstein Well-Known Member

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    Well, well, well. It's Monday after the cash market closed and ES is bumping around 4330 to 4340. So, maybe that 4300 level might happen again this week. Getting interesting again for a long position.
     
  16. T0rm3nted

    T0rm3nted Moderator
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  17. removedatuserrequest

    removedatuserrequest Well-Known Member

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    Morning Lineup - 10/12/21 - Quitters
    Tue, Oct 12, 2021

    After a very quiet start to the week due to the Columbus Day holiday, today is all business for the markets. In the early going, futures have rebounded from overnight lows and are firmly positive ahead of the opening bell. Treasury yields have come in slightly with the 10-year trading right at 1.6%. Asian stocks were mostly lower following news that Evergrande missed another coupon payment, and while European stocks opened lower, they have rebounded a bit during the trading session.

    As we head into earnings season and expect to hear endless commentary about supply chain disruptions, inflationary pressures, and labor shortages, there were some encouraging comments on the subject over the last 24 hours. For starters, JP Morgan CEO Jamie Dimon said he feels as though supply chain issues won't be a problem "next year at all." Also, both Intel and Samsung have said they expect their plants in Ho Chi Minh city to resume full operations by the end of November.

    In a pattern that's becoming all too familiar these days, the S&P 500 traded higher throughout the day yesterday only to give up those gains heading into the closing bell and finishing at the lows of the day. In the 28 trading days since the start of September, the S&P 500 has traded lower in the last hour of trading 18 times. The trend has been even more pronounced over the last two weeks as there have only been two trading days in the last ten that the S&P 500 closed the day higher than where it was at 3 PM. Like an old pair of socks where the elastic isn't strong enough anymore, equities have looked a lot like quitters since the unofficial end to summer.

    [​IMG]
     
  18. removedatuserrequest

    removedatuserrequest Well-Known Member

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  19. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    The 3 major indexes' futures bounced off the weekly Value Area Low overnight. That may have been the bottom.
     
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  20. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Wow small caps have had a narrow range all year. IWM +/- 7% from 219 since February.
    Got all the moving averages bunched up and now testing the 200sma, if this month breaks down then there'll be a death cross.
    [​IMG]
     
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