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Stock Market Intraday Discussion Thread for September 11th - 15th

Discussion in 'Stock Market Today' started by bigbear83, Sep 10, 2017.

  1. bigbear83

    bigbear83 Active Member

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    Welcome Stockaholics to the trading week of September 11th!


    This past week saw the following moves in the S&P:
    [​IMG]


    Major Indices End of Week:
    [​IMG]


    Bird's Eye view of the Major Futures Markets on Friday:
    [​IMG]


    Economic Calendar for the Week Ahead:
    [​IMG]


    Sector Performance WTD, MTD, YTD:
    [​IMG]
    [​IMG]
    [​IMG]
    [​IMG]
    [​IMG]
    [​IMG]


    Here are the percentage changes for the major indices for WTD, MTD, QTD & YTD thus far in 2017-
    [​IMG]


    Here are the current pullback/correction levels for the major indices as of this week ending-
    [​IMG]


    Here are the most notable earnings releases calendar due out for this upcoming week ahead:
    ($ORCL $CBRL $PPHM $PSDV $LPTH $UNFI $AGTC $LAYN $RLGT $LMNR $IRET $FARM $LAKE $STB $STRM $TNP $ASPU $AMRK)
    [​IMG]


    ShadowTrader Video Weekly 9.10.17 - The Calm Before the Storm
    Video from ShadowTrader Peter Reznicek



    Have a wonderful trading week ahead this week everyone! :)
     
    T0rm3nted likes this.
  2. bigbear83

    bigbear83 Active Member

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    So, what are we all thinking here as far as market action for this upcoming week ahead? This will be our first full trading week in September. Anything in particular that you guys are keeping a close eye on?

    Rumors have it that NK may want to fire off another missile over this weekend (markets usually tend to shrug these off though?). Additionally we have major Cat 4 hurricane (Irma) which is expected to make landfall around Florida today. For those of you in Florida, please stay safe!

    According to Stock Trader's Almanac the 2nd half of September has typically been the weakest half to any month of the year. Curious to see if this plays out once again.

    [​IMG]

    Let's hear what you guys are watching. Hope you all have a very nice and relaxing weekend! :)
     
    T0rm3nted likes this.
  3. T0rm3nted

    T0rm3nted Moderator
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    Thanks for getting this up @bigbear83. Got busy yesterday
     
  4. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Still looking to stay in 2400-2500 range.
     
  5. T0rm3nted

    T0rm3nted Moderator
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    Possibly a good start to the week tomorrow?

    upload_2017-9-10_23-19-11.png
     
  6. bigbear83

    bigbear83 Active Member

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    Good morning.

    Nice pop off the open this morning.
     
  7. StockJock-e

    StockJock-e Brew Master
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    Yeah, Dow and S&P nice bounce, but small caps fading here, losing the morning move.
     
  8. T0rm3nted

    T0rm3nted Moderator
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  9. bigbear83

    bigbear83 Active Member

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    Looks like we've got new ATHs here.

    Amazing, I honestly didn't think we'd be seeing new highs until around EOY.
     
  10. Kaban

    Kaban Member

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    TSLA: I'm long until it tops...
    I have a small pilot long in $TSLA that I entered here, but my main interest is flipping short once this signal tops. I think there's a distinct chance that $TSLA breaks into new highs, triggering massuve euphoria, fertile ground for a spectacular short trade. Right now, the daily and weekly trends are up, as well as the quarterly, but, once the daily and weekly top, around 402-408, I think we might see a severe correction, and heck, maybe even a long term buy opportunity, once we cover the shorts at the bottom.
     
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  11. StockJock-e

    StockJock-e Brew Master
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    More and more countries coming on board with plans to remove gasoline powered engines from the roads within 20yrs.

    Not that TSLA will end up dominating the field, but they do have a nice head start.
     
    Kaban likes this.
  12. T0rm3nted

    T0rm3nted Moderator
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  13. bigbear83

    bigbear83 Active Member

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    Seems like the SPX has its eyes set on that round # 2500 ... I would be shocked if we didn't print that and maybe even overshoot it by a little until the next pullback.

    This market has been hella resilient. As of this Monday the SPX hasn't endured a -3% pullback off the highs in 10 months. This is the 2nd longest streak ever in history.

    [​IMG]

    Haven't seen -5% dip off the highs in more than 18 months...

    [​IMG]

    No -10% correction since Feb. 2016

    [​IMG]

    and since the big bear market of 2007-09 ended, this is the 2nd longest running bull...we still have a ways to go to catch up to the big booming 90s bull run though. :p

    [​IMG]
     
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  14. StockJock-e

    StockJock-e Brew Master
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    Bitcoin taking a bit of a slide today
     
  15. stock1234

    stock1234 Well-Known Member

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  16. StockJock-e

    StockJock-e Brew Master
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    T0rm3nted and stock1234 like this.
  17. bigbear83

    bigbear83 Active Member

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    man what a chop fest today!

    cash spx is trading in just a 0.20% daily range all day today. #boring

    meanwhile the nasdaq is eyeing its 48th ATH close for the year today which would tie that mark from 1997.

    '95 had 49 ATH closes.

    '83 and '86 had 55 ATH closes.

    the record is 61 in 1999.

    will we break that this year? o_O
     
  18. bigbear83

    bigbear83 Active Member

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    ...and another late run into the close here ... looks like tomorrow could be the day we finally print 2500 on the spx if no black swans overnight :p
     
  19. StockJock-e

    StockJock-e Brew Master
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    Black swan is scheduled for Oct!

    Did you not get the memo?
     
  20. bigbear83

    bigbear83 Active Member

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    Good Morning.

    [​IMG]
     

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