Stock Market Today: April 23rd - 27th, 2018

Discussion in 'Stock Market Today' started by Stockaholic, Apr 20, 2018.

  1. Frankenstein

    Frankenstein Well-Known Member

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    It's hard to predict a lot of this price action because the price is range bound in a deep range. But, there are those who know how to trade this type of price action.
     
  2. OldFart

    OldFart Well-Known Member

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    so 2640 to 2664?...can't be mad about that
     
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  3. Frankenstein

    Frankenstein Well-Known Member

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    Looks like that 2670 is about to happen. 2669 just happened. But, trade management is more important than working with a precise prediction. It's about 1. preserving your capital and 2. then making some meaningful profit--and not the other way around.
     
  4. Frankenstein

    Frankenstein Well-Known Member

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    Not much volume at 31 million SPY
     
  5. Frankenstein

    Frankenstein Well-Known Member

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    The SPX hit 2669.76. I had predicted 2670. I guess that's close enough for a prediction. But at this point, we are deep in the middle of a certain range--so, it could go up or collapse. My theory can't tell which way at this point. Of course, I could say more. But, I'd prefer another deep collapse for a long entry. Entering at this point is gambling. It could work out--but I'd rather stick to my strategy.
     
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  6. Frankenstein

    Frankenstein Well-Known Member

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    We need another negative catalyst to create a new buying opportunity. Volatility is king. Love it. Unlike 2017
     
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  7. jazz

    jazz New Member

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    you are right about the bot fight at 2670.
    don't know what to do at this point
     
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  8. T0rm3nted

    T0rm3nted Moderator
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    I don't care about excitement/volatility as long as I'm making money :)
     
  9. FutureNvrEndz

    FutureNvrEndz Member

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    Yea, seriously..

    If I want excitement I'll hit the pony track...still get enough math there to feel like I can win!
     
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  10. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    are we going to be stuck in this correction range until we can retest and break the 2532 low from feb 9th? honestly i didnt expect us to still be under the 50 day by the end of april.
     
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  11. jazz

    jazz New Member

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    i think people are going to start selling now
     
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  12. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    wow, mr. wonderful picked blue apron for his stock draft 2nd round, and the stock popped 6% lol...man thats why cnbc cant talk about small stocks.
     
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  13. jazz

    jazz New Member

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    it will be interesting to see where does market close
     
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  14. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    AAPL not exactly celebrating with other tech stocks today :eek: Will be interesting to see how bad the iPhone sales slowdown is when they release earnings next week
     
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  15. jazz

    jazz New Member

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    where is the next support 2660?
     
  16. OldFart

    OldFart Well-Known Member

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    I'm still using my old 5S...which of course, is no longer supported by Crapple, so we'll be switching to Samsung next time around.
     
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  17. OldFart

    OldFart Well-Known Member

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    2666 looks decent for short term support....for now
     
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  18. Stockaholic

    Stockaholic Content Manager

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    /nq futures gone ballistic over some of these AH ER beats
     
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  19. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    INTC and AMZN up big :eek:
     
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  20. jazz

    jazz New Member

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    where do you think the market will be tomorrow
     

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