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Stock Market Today: April 27th - May 1st, 2020

Discussion in 'Stock Market Today' started by bigbear0083, Apr 24, 2020.

  1. rg7803

    rg7803 Active Member

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    up to 7 ...
     
    OldFart likes this.
  2. T0rm3nted

    T0rm3nted Moderator
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    30 mins til market opens. What’s everyone watching.
     
    Buck Case likes this.
  3. Buck Case

    Buck Case New Member

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    Marathon is still doing well
     
  4. Vdubman

    Vdubman Active Member

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    Man 30mil unemployment claims. Where’s the Cramer nuts button
     
  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Well this April has been great for the bulls :eek: I think many of you heard about “sell in May and go away” although I can’t remember whether we had a really bad month of May for stocks in recent years :p
     
    T0rm3nted, OldFart and bigbear0083 like this.
  6. StockJock-e

    StockJock-e Brew Master
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    Surely this will ripple through the market, lack of consumer discretionary spending will doom so many companies...

    ... and almost new highs on the SPY ;)
     
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  7. bigbear0083

    bigbear0083 Content Manager
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    correctamundo.

    7 of the last 8 sell-in-may's and go away period (may-oct) have actually ended green :p

    [​IMG]
     
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  8. bigbear0083

    bigbear0083 Content Manager
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    whelp, this has now been the largest bear rally in history, up over +31% off the march 23rd low in the SPX as of yesterday's close.

    if that was it, and we go on to print new highs at some point in the future, then would be one of the fastest bears (start to finish) ever :p

    [​IMG]
     
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  9. bigbear0083

    bigbear0083 Content Manager
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    ^^ this 1000%

    hard to see market the really going through another march when QE-infinity is now once again a thing. gotta love it. :p

    [​IMG]
     
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  10. bigbear0083

    bigbear0083 Content Manager
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    seems like (for now) the 618 retrace off the bear low to ATH is about where the SPX bounced off of. think it just missed the 200 day as well.

    might be time for some kind of pause here, but can't really see the lows getting revisited when QE-infinity is out there :p

    [​IMG]
     
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  11. bigbear0083

    bigbear0083 Content Manager
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    claims were a disaster again this AM, but i guess (maybe?) some silver lining, they are coming off...albeit from a ridiculous level :p

    [​IMG]
     
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  12. bigbear0083

    bigbear0083 Content Manager
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    oh and i forgot to add this in here too, but here's just a quick look at the "average" sell-in-may's period (may-oct)

    it's the worst of any 6-month periods for the market.

    QE-infinity kinda clouds this a bit though lol :p

    [​IMG]
     
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  13. Vdubman

    Vdubman Active Member

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    Remember, in this market only “initial unemployment claims” matter. The total current claims is just a number
     
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  14. bigbear0083

    bigbear0083 Content Manager
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  15. T0rm3nted

    T0rm3nted Moderator
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    Gonna be a bloody open it appears
     
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  16. OldFart

    OldFart Well-Known Member

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    EURO just took off...:eek:
     
    stock1234 likes this.
  17. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    The most bullish index, the Nasdaq, finally fell out of its wedge.
    [​IMG]

    Just had to wait til May.

    VIX breaking out of a big flag?
    [​IMG]
     
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  18. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Looks like they are blaming the threats of more tariffs on China for the drop today :p
     

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