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

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

  1. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    4,319
    Likes Received:
    3,375
    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]
     
    stock1234 likes this.
  2. Adriana Lowe

    Adriana Lowe New Member

    Joined:
    Mar 20, 2019
    Messages:
    11
    Likes Received:
    3
    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
     
    stock1234 likes this.
  3. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    4,319
    Likes Received:
    3,375
    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.
     
    stock1234 likes this.
  4. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    4,319
    Likes Received:
    3,375
    ZUO up 8.3% with 3.2x normal volume, all because of Cramer talking it up yesterday.
     
  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,584
    Likes Received:
    4,619
    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

    Joined:
    Apr 3, 2016
    Messages:
    5,584
    Likes Received:
    4,619
    Semis pulling back some today, XLNX Down 16% :eek:
     
  7. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,584
    Likes Received:
    4,619
    Yeah can’t be too greedy sometimes :p
     
  8. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,584
    Likes Received:
    4,619
  9. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,584
    Likes Received:
    4,619
  10. Stockaholic

    Stockaholic Content Manager

    Joined:
    Mar 29, 2016
    Messages:
    13,767
    Likes Received:
    7,050
  11. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,584
    Likes Received:
    4,619
    Energy stocks getting hammered today :eek:
     
  12. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,584
    Likes Received:
    4,619
    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

    Joined:
    Apr 3, 2016
    Messages:
    4,319
    Likes Received:
    3,375
    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

    Joined:
    Apr 3, 2016
    Messages:
    5,584
    Likes Received:
    4,619
    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
     
    anotherdevilsadvocate likes this.
  15. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,584
    Likes Received:
    4,619
    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
     

Share This Page