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Stock Market Today: April 22nd - 26th, 2019

Discussion in 'Stock Market Today' started by bigbear0083, Apr 18, 2019.

  1. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    There may be a divergence in the Shanghai Composite index.
    [​IMG]
    RSI hit 80 a month-and-half ago. Instead of price pulling back, it kept going up.

    Also steel is looking weak.
    [​IMG]
     
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  2. Adriana Lowe

    Adriana Lowe New Member

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    The S&P 500 had its highest closing on record Tuesday, marking a fantastic resurgence for stock markets since the rout last year.

    Despite poor macro-economic data and slumping earnings expectations, investors extended a months-long recovery, reassured in part by recent dovish signals from central banks. The benchmark closed the day 0.9% higher at 2,933.7. The S&P 500 is up 17% this year, and up 25% from its nadir on December 24 2018.

    (Credit: chart from Sigma by Hydra X - free beta access available)

    SP500 - 1.png

    SP500 - 2.jpg
     
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  3. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    3M sales declined 5% y/y, and announced they will cut employment for 2,000 globally.
    These employment cuts are starting in a handful of businesses.
     
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  4. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    ZUO up 8.3% with 3.2x normal volume, all because of Cramer talking it up yesterday.
     
  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Yeah MMM has really underperformed for its performance when you compare it to the other industrial giants :eek:
     
  6. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Semis pulling back some today, XLNX Down 16% :eek:
     
  7. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Yeah can’t be too greedy sometimes :p
     
  8. stock1234

    stock1234 2017 Stockaholics Contest Winner

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  9. stock1234

    stock1234 2017 Stockaholics Contest Winner

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  10. bigbear0083

    bigbear0083 Content Manager
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  11. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Energy stocks getting hammered today :eek:
     
  12. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Looks like the SPX will fall just short of hitting the new intraday ATH today, but probably it will do so pretty soon and could be as soon as next week :p
     
  13. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    LXRX up 17% after hours, their drug Zynquista got approved by the European Commission.

    Seems the EC is headquartered in Brussels and it is currently 10:15 pm on Friday evening there. Who the heck makes a drug approval announcement at that time?
     
  14. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Not sure, maybe it was approved earlier today but they just waited till AH to release the news? :p It was a positive news though so it was a little odd if they decided not to release during market hours :p
     
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  15. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    New record close for the SPX and the NASDAQ I believe, let's see if they will hit new intraday record highs next week :D
     

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