Welcome Stockaholics!

We are a new and fast growing financial forum! Sign up for free and let's talk stocks!

  1. Do you want to help develop this community? We are looking for contributions from investors and traders like you! What stocks do you follow? What is hot right now? Sign up and get in on the ground floor of the newest, fastest growing financial forum!
    Dismiss Notice
  2. You will notice a live chat widget on the right. Click in to join us and lets hear about how you nailed that last UWTI trade!
    Dismiss Notice

Stock Market Today: April 29th - May 3rd, 2019

Discussion in 'Stock Market Today' started by bigbear0083, Apr 26, 2019.

  1. Ken34

    Ken34 2017 Stock Picking Contest Winner

    Joined:
    Apr 4, 2016
    Messages:
    1,585
    Likes Received:
    671
    i feel like there is always a pop, then a drop on fed days.
     
    bigbear0083 likes this.
  2. AverageJoesTrades

    AverageJoesTrades Well-Known Member

    Joined:
    May 24, 2016
    Messages:
    1,044
    Likes Received:
    545
    what is happening... the stocks are going the wrong way!!! lol

    I feel like this is the first big selling I've seen since December!

    UVXY/VXXB have gone just about vertical since the FED.
     
    OldFart likes this.
  3. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    4,472
    Likes Received:
    3,274
    I think Cy mentioned that May has actually been pretty nice to the market in recent years, are we going to see "sell in May and go away" for real this time? :p
     
    OldFart and bigbear0083 like this.
  4. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    19,008
    Likes Received:
    6,620
    hmm, i don't have a chart in front of me right now, but can someone confirm if we closed below yesterday's lod on the spx? is it an outside day? we did print a new ATH in the cash today and closed pretty darn close to the low's of the day. o_O
     
    OldFart likes this.
  5. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    3,712
    Likes Received:
    2,359
    Yes, tradingview is showing yesterday low SPX=2924.1, today low SPX=2923.4
     
    OldFart and bigbear0083 like this.
  6. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    19,008
    Likes Received:
    6,620
    one thing about this however is that we did not actually print a new ATH in the RTH session today in the /ES futures...that happened during the ETH session in the overnights which is kind of a conundrum. you usually would like to see the ATH printed in the RTH for it to be a meaningful excess high. the shadowtrader guys used to always point that out in the market profile. hmm...
     
    OldFart and Ken34 like this.
  7. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    19,008
    Likes Received:
    6,620
  8. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,706
    Likes Received:
    1,470
    yep, the old pop-n-drop
     
    bigbear0083 likes this.
  9. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,790
    Likes Received:
    1,847
    Or the drop n pop, either are fine
     
    OldFart likes this.
  10. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,706
    Likes Received:
    1,470
    as long as you'e on the right side of it......lol
     
    bigbear0083 likes this.
  11. AverageJoesTrades

    AverageJoesTrades Well-Known Member

    Joined:
    May 24, 2016
    Messages:
    1,044
    Likes Received:
    545
    Yeesh - I didn't get a look at the XLE/XOP charts until just now. They got smoked yesterday. Might be a good buying opportunity if the bleeding can stop
     
    OldFart likes this.
  12. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,706
    Likes Received:
    1,470
    2nd round of selloffs
     
    bigbear0083 and stock1234 like this.
  13. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    3,712
    Likes Received:
    2,359
    USO down 3.6% right now.
    Gold futures down 1%.

    Personal account went from +1.4% to only +0.3%, lot of my stocks giving up their first hour gains.

    Funny though, growth is outperforming value for today. Still watching this
    [​IMG]
    [edit: well it was, until I took the snapshot]
     
    T0rm3nted, stock1234 and OldFart like this.
  14. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    4,472
    Likes Received:
    3,274
    Mixed day for me. Got in AMD and MRO yesterday, one doing well another one not so much :p
     
    OldFart likes this.
  15. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    19,008
    Likes Received:
    6,620
    April Employment Report Preview

    Heading into Friday’s Non Farm Payrolls (NFP) report for April, economists are expecting an increase in payrolls of 190K, which would be a modest decline from March’s slightly stronger than expected reading. In the private sector, economists are expecting an increase of 185K, which is slightly better than the last month’s reading of 182K. The unemployment rate is expected to remain unchanged at 3.8%. Average hourly earnings are expected to grow at a rate of 0.3% versus the surprisingly low 0.1% reading last month. Finally, average weekly hours are expected to be unchanged at 34.5.

    Last month’s solid report was the first time this year that the monthly change in NFP was within 100K of the estimate, so hopefully now that the kinks from the shutdown are behind us, we will see a return to the trend of reported results being in the ballpark of expectations.

    [​IMG]

    Of the top performing stocks on days when NFP beats expectations, eight sectors are represented, but Consumer Discretionary and Energy lead the way with seven each. Mattel (MAT) and Vornado (VNO) have been the two best-performing stocks with average open to close gains of over 2%, while Western Digital (WDC) and Cognizant (CTSH) have been the most consistent to the upside with positive returns 85% of the time.

    [​IMG]
     
    T0rm3nted and stock1234 like this.
  16. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    4,472
    Likes Received:
    3,274
    Wage growth will be something to watch for the jobs report tomorrow. If we see solid wage growth then bond yields could head higher and put a little bit of pressure on equities
     
    OldFart and bigbear0083 like this.
  17. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    19,008
    Likes Received:
    6,620
  18. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    4,472
    Likes Received:
    3,274
    Well looks like we got a jobs report that the market likes, strong headline number but moderate wage growth :D
     
    Jrich likes this.
  19. Jrich

    Jrich Well-Known Member

    Joined:
    Jan 8, 2017
    Messages:
    863
    Likes Received:
    576
    My CTAS stock liked it too, new high today
     
    stock1234 likes this.

Share This Page