Mixed bag out there today. BA doing most of the heavy lifting in the DJ30. The past 2 days have been extremely choppy. In fact, the SPX daily intrday trading range for the past 2 days has been less than 0.26%. Going back to 1970 this has never been done 3 days in a row. It could happen today. Also worth noting that the average daily intraday trading range for the SPX so far this year is only 0.54%, the record for the smallest daily intraday range was in 1993 of 0.70% which we are clearly well under as of now. That's pretty incredible considering all of the geopolitical flareups we have seen this year. Let's see if October will change that. But, thus far this is turning out to be one of (if not the) quietest years for the markets on record.
Bitcoin getting more sellers, Im not sure this is the end of the bubble, but its interesting to see what a bit of panic selling can do.
Curious if we're gonna see another repeat of the past 2 days ... chop fest all day then a late burst into the close. 2500 is oh so close! I feel like a former member of the old board that went by the name of (nowwhat?) who used to always talk about those big round #'s!
is oil going to finally break out of this range here? we're back with that $50-handle again ... but seems like every time crude gets up to these levels it gets taken back down to the mid $40. is this going to be yet another lower high? looks like that $50.50 (late july early aug highs) acted as resistance here
If I had the balls, I'd try the 3x inverse ETF with a fairly tight stop and try to catch the downside.
New thread is up, I hope everyone had a successful trading week! https://stockaholics.net/threads/st...scussion-thread-for-september-18th-22nd.4863/
