Stock Market Today: April 16th - 20th, 2018

Discussion in 'Stock Market Today' started by Stockaholic, Apr 13, 2018.

  1. Stockaholic

    Stockaholic Content Manager

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  2. Stockaholic

    Stockaholic Content Manager

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    Good Wednesday morning to all.

    Here is this morning's pre-market thread for those wanting to get a quick read in before today's open-
    [​IMG] <-- click there to read!

    Hope everyone has a great trading day ahead today!
     
    Three Eyes likes this.
  3. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    man i didnt realize it, but retail is a market leader right now, wow. ROST, FIVE, OLLI all strong as heck this week.
     
  4. Frankenstein

    Frankenstein Well-Known Member

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    I probably should not have exited at the 2680 level because the SPX indeed came back up to this 2710 level this morning. I expected that--as I had mentioned multiple times in the past--but was hoping for one last collapse for another long entry before this trip to the 2710 level happened. Oh well, it was profitable overall for me. The key is never to lose your capital if you can and I managed that--plus some profits as well during this volatile last month period. I do expect a nice re trace collapse at some point however--at least, a test of that 2670 level, according to my theory.
     
  5. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    square has been insane these past couple days, glad i got in last week.
    i got spooked out of micron this morning, well played market, well played.
     
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  6. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Soon will see what SPY does at this declining tops line. I thought our President warned us about a little pain.
    [​IMG]
    Also near a 50% retracement. Note that tradingview does not have correct volume for the last week.
     
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  7. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Silver up almost 2% when the dollar is actually up slightly for the day, very interesting :eek:
     
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  8. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Pretty big jump for the long end yields today :eek: The 10 year yields haven't traded above of 2.9% for awhile, it will be interesting to see how the stock market will react if the 10 year yields ever getting close to trade above of 3%
     
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  9. Stockaholic

    Stockaholic Content Manager

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  10. Stockaholic

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    Good Thursday morning to all.

    Here is this morning's pre-market thread for those wanting to get a quick read in before today's open-
    [​IMG] <-- click there to read!

    Hope everyone has a great trading day ahead today!
     
  11. Frankenstein

    Frankenstein Well-Known Member

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    Not really interesting until the SPX hits around the 2650 level--if that were to happen
     
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  12. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Kinda surprised that PG gapped down to a new low. Since it's a Dow stock, I thought it would just drift down there eventually. Almost -5% at once. Some other parts of the Dow must be having its back.
     
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  13. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    some lousy earnings today i guess. and thank goodness for this pull back, i sold a $87 call on my LABU position last week, trying to keep my shares and keep that credit.

    PG has a nice dividend, kind of tempting honestly to buy this gap down. but eh....
     
  14. jazz

    jazz New Member

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    waiting for SPY to drop
     
  15. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    what micron giveth, micron taketh

    [​IMG]
     
  16. jazz

    jazz New Member

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    ken what are you trading today?
    ETFs?
     
  17. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    just bought some grubhub, either than that, im sitting on my hands.
     
  18. Frankenstein

    Frankenstein Well-Known Member

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    Of course, ideally, a collapse to test that 2600 level would be perfect for another long entry--but 2650 would probably be a nice entry. As I mentioned before, I first entered a month ago at 2710 and I believed that I could minimally exit at break even--and actually yesterday it hit around 2715. But unfortunately, I exited at 2675. But since I averaged in, I profited. But this time around, I'd like to make a better entry and try to work on increasing the amount of profits I can make. Of course, no matter what, protecting your principle is more important than anything else because if you have capital, THERE WILL ALWAYS BE ANOTHER OPPORTUNITY TO TRADE.
     
  19. Frankenstein

    Frankenstein Well-Known Member

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    The earnings season should have propelled the price to around the 2800 to 2850 level but this 2700 level suggests that something is awry. That's just an unsubstantiated opinion, however, because I am a technical analyst and not a fundamental analyst.
     
  20. T0rm3nted

    T0rm3nted Moderator
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    Nice, GRUB holding that 50MA pretty nicely. Easy 10% upside in the short-term.

    I remember when myself and @anotherdevilsadvocate were speculating on this one back when it was in the $50's, maybe even $40's...

    upload_2018-4-19_11-44-57.png
     
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