Stock Market Today: September 5th - 9th

Discussion in 'Stock Market Today' started by Stockaholic, Sep 2, 2016.

  1. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Wall St. tumbels after North Korea test, rate hike worry
    U.S. stocks dropped on Friday as investors were unnerved by a nuclear test by North Korea and comments by a U.S. Federal Reserve official that pointed towards an interest rate hike.

    North Korea conducted its fifth and biggest nuclear test on Friday and said it had mastered the ability to mount a warhead on a ballistic missile, drawing condemnation from the United States as well as China, Pyongyang's main ally.

    There was further pressure on the equity market after Boston Fed President Eric Rosengren, a historically dovish policymaker, said the Federal Reserve increasingly faced risks if it waited too much longer. He said a gradual policy tightening was likely appropriate, although he added the central bank was unlikely to raise rates too rapidly.

    "Certainly the posturing of the Fed is creating a lot of noise, and when you get comments like that, it creates a little bit of anxiety in the market," said Phil Blancato, chief executive of Ladenberg Thalmann Asset Management in New York.
    http://www.reuters.com/article/us-usa-stocks-idUSKCN11F1JH
     
  2. Stockaholic

    Stockaholic Content Manager

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    guess not ... that support held pretty nicely on the dollar for now
     
  3. Stockaholic

    Stockaholic Content Manager

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    its a sea of red out there today but financials holding their own pretty nicely in a pretty red tape
    [​IMG]
     
  4. pftq

    pftq Member

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  5. StockJock-e

    StockJock-e Brew Master
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  6. pftq

    pftq Member

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    No sizing changes - the system just gradually buys more ETFs and that itself is the scaling up. So we have 3 ETFs now; usually we can see around 8 on a really good pullback.
     
  7. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    that pull back on acia and amd look tempting here, hmm
     
  8. Stockaholic

    Stockaholic Content Manager

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  9. Steven_Burt

    Steven_Burt 2019 Stockaholics Contest Winner

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    anybody got any stats on going into 9/11, I did a quick peak and it seems like we do sell off into it. I was just wondering if someone (cough Cy) that was really great at data had looked at this?
     
  10. Stockaholic

    Stockaholic Content Manager

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    hahah ... i haven't looked into that one just yet but ima check it out momentarily here ... basically i'll try to collect all of the weekly closes the week before and the week after 9/11 for the past 15 years and see what i can find there ... hang tight on that one!

    meanwhile yo @Ken34 remember you were saying something like it being "freaky" in regards to this week being overwhelming voted for "up" by Stockaholics on this week's weekly poll? ... man oh man how eerie is it that this actually came to fruition this week ... i remember we used to have a history of this freakish occurrence on HSM where it was a one-sided vote and the opposite outcome happened (albeit there wasn't actually any real solid facts behind it as Mark V. debunked that myth about 1 year ago today) but i do recall it happening at least a few times lol

    http://www.stockaholics.net/threads/weekly-spx-poll-sentiment-9-5-9-9.2001/page-2#post-24572
     
    #150 Stockaholic, Sep 9, 2016
    Last edited: Sep 9, 2016
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  11. Stockaholic

    Stockaholic Content Manager

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    @Steven_Burt

    phew! whelp, this certainly was a doozy lol ... had to just double and triple check on my data to make sure it was 100% accurate (as you know me ... i'm pretty damn meticulous when it comes to absolute accurate market stats when i do them solo....)

    here's what i found in my research of the SPX performance of the week before and the week after 9/11 since 2002 (this is not as fancy looking as Stock Trader's Alamac does these, but this will do for now lol...):

    • 2002
    WEEK BEFORE 9/11: SPX -0.46%
    WEEK AFTER 9/11: SPX -4.99%

    • 2003
    WEEK BEFORE 9/11: SPX -0.27%
    WEEK AFTER 9/11: SPX +1.73%

    • 2004
    WEEK BEFORE 9/11: SPX +0.41%
    WEEK AFTER 9/11: SPX -1.63%

    • 2005
    WEEK BEFORE 9/11: SPX -0.29%
    WEEK AFTER 9/11: SPX -1.83%

    • 2006
    WEEK BEFORE 9/11: SPX +1.60%
    WEEK AFTER 9/11: SPX -0.37%

    • 2007
    WEEK BEFORE 9/11: SPX +2.11%
    WEEK AFTER 9/11: SPX +2.80%

    • 2008
    WEEK BEFORE 9/11: SPX +0.27%
    WEEK AFTER 9/11: SPX -3.07%

    • 2009
    WEEK BEFORE 9/11: SPX +2.45%
    WEEK AFTER 9/11: SPX -2.24%

    • 2010
    WEEK BEFORE 9/11: SPX +1.45%
    WEEK AFTER 9/11: SPX +2.05%

    • 2011
    WEEK BEFORE 9/11: SPX +5.35%
    WEEK AFTER 9/11: SPX -6.54%

    • 2012
    WEEK BEFORE 9/11: SPX +1.94%
    WEEK AFTER 9/11: SPX -0.38%

    • 2013
    WEEK BEFORE 9/11: +1.98%
    WEEK AFTER 9/11: +1.30%

    • 2014
    WEEK BEFORE 9/11: SPX -1.10%
    WEEK AFTER 9/11: SPX +1.25%

    • 2015
    WEEK BEFORE 9/11: SPX -0.15%
    WEEK AFTER 9/11: SPX -1.36%

    • 2016
    WEEK BEFORE 9/11: SPX ?
    WEEK AFTER 9/11: SPX ?

    TOTAL: WEEK BEFORE 9/11 = 5 weeks DOWN! and 9 weeks UP!
    TOTAL: WEEK AFTER 9/11 = 9 weeks DOWN! and 5 weeks UP!

    phew! i'm beat! lol ... gone for a quick break! :p
     
    #151 Stockaholic, Sep 9, 2016
    Last edited: Sep 9, 2016
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  12. Steven_Burt

    Steven_Burt 2019 Stockaholics Contest Winner

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    Thanks CY! - You are amazing man!!
     
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  13. Stockaholic

    Stockaholic Content Manager

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    so, how is this for absolute insanity ... did you guys know that today's trading range alone has exceeded the entire trading range from July 12th up to yesterday's close (42 TRADING DAYS!) which was a 1.77% total range on a closing basis or 38.01 handles exactly

    today alone from yesterday's close to today's absolute LOD we had price down -2.08% or -45.31 handles! :eek:

    [​IMG]

    now if that ain't ridiculous than i don't know what is man lol!
     
    #153 Stockaholic, Sep 9, 2016
    Last edited: Sep 9, 2016
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  14. MaximusAnalysis

    MaximusAnalysis Active Member

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    Again newsletter been stating this. Trust me these markets will push you to the edge in a major way....been short since first week of august and had to hold like a mofo and believe in my system.

    They got to 2191 and I was like dammitt....but stayed the course.

    Not easy at all.....lets see what this last hour does
     
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  15. Stockaholic

    Stockaholic Content Manager

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    ^^ this!

    i think a big time kudos needs to be given out in here to you @MaximusAnalysis ... seriously

    i know you were talking about this kind of action in your vids for a while now ... boy oh boy was that 2186 resistance you've been harping on time and time again denied in a big way! what a stand there :eek: really good call there man! keep up the great work buddy ... i think i speak for most everyone who frequents these parts when i say we greatly appreciate what you bring here each day! thx :)
     
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  16. Stockaholic

    Stockaholic Content Manager

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    cash s&p sitting right on the previous ATH from 5-20-2015 (2134.72) here ...
     
  17. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Happy day for the bear, anyone here got some lottery weekly puts before today? Not even financials could avoid a down day despite rates are higher
     
  18. Revan

    Revan Member

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    Closing below 2134.72 is huge in my opinion. Didn't think it would happen today but there you go. We will find out next week if it can retake that level again or if the busted head and shoulders pattern has run out of gas already. Traders will have a lot to think about this weekend.
     
  19. Frankenstein

    Frankenstein Well-Known Member

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    Finally, a meaningful collapse. I entered lot 1 long at around the SPX 2133

    I expect a strong possibility of the SPX to test the 2120 level next week. But, a position at 2133 should be ultimately profitable
     
  20. MaximusAnalysis

    MaximusAnalysis Active Member

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    Today's Market Thoughts

     
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