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Stock Market Today: August 12th - 16th, 2019

Discussion in 'Stock Market Today' started by bigbear0083, Aug 9, 2019.

  1. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    A plumber coming to fix something for me today, so not much time to watch the market today. Good luck everyone today, hope you guys make some money :D
     
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  2. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Long term bonds 10y/30y down -6%. Very near the 2y-10y inversion, this is a level only seen one other time since 2008.
    [​IMG]
     
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  3. Frankenstein

    Frankenstein Active Member

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    Ok. I averaged in at 2875
     
  4. Frankenstein

    Frankenstein Active Member

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    I see. Good to know it's still alive. Just averaged in at 2875 Some risk but my theory says 2820 to 2900 is good buying territory. Of course, non-above 2820 is great. But, non-above 2900 shall be profitable in time--of course, after it pops up above 2900, you'll have to decide how to profit-take or handle that.
     
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  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Looks like they are blaming the protest in Hong Kong as part of the reason why the market is struggling today :eek: I hope the situations there not going to get too much worse, spent my childhood years there before moving back to the States for High School. Hong Kong is like a second home to me :(
     
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  6. T0rm3nted

    T0rm3nted Moderator
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    Not super familiar with it. That protest/revolution going on there is the people trying to resist China taking them over (to put it simply), correct?
     
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  7. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Yeah pretty much correct. The protest started when Carrie Lam (the leader in Hong Kong) proposed a new laws that would allow criminal suspects in Hong Kong to be transferred to China. Many in Hong Kong think it is actually a proposal from China and China could use the would be new laws to ask Hong Kong to transfer those who speak against the Chinese government to be transferred to China. Basically people there feel like that China is trying to make Hong Kong same as China despite China promised that there will be no change until Year 2047.
     
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  8. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Looks like gold has another pretty nice day but the gold miners are actually down for the day :eek:
     
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  9. Frankenstein

    Frankenstein Active Member

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    The volume is only 61 million for the SPY. Not much for today's collapse. So, I read this as bullish
     
  10. OldFart

    OldFart Well-Known Member

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    I agree
     
  11. StockJock-e

    StockJock-e Brew Master
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    Until you take a position and he tweets out the other direction.
     
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  12. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    I think Trump probably will tweet something market friendly soon, he doesn't want this market to continue to go down unless he wants to force the FED to cut rates :p
     
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  13. OldFart

    OldFart Well-Known Member

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    That has happened to me....
     
  14. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    The Hong Kong protests have been ongoing for weeks, and we've had some big green days last week.
    So I doubt their importance to the markets, but in size the protests are huge.

    LOL that's what I'm thinking, like what else could turn around these interest rates? As long as the 10y stops falling faster than the 2y, technically things are okay.
     
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  15. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Hong Kong Airport Cancels Flights as Protesters Flood In

    https://www.wsj.com/articles/hong-kong-airport-cancels-flights-as-thousands-converge-11565599227

    True about the protests have been ongoing for weeks, but they also took it to another level by shutting down the airport completely yesterday, and it has a busy airport there ;)
     
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  16. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Well, it's nice to see we're being friendly to one of our traditional allies. The EU keeps trying to put fear into the hearts of Britain about Brexit.

    UK 'first in line' for US trade deal, says John Bolton
    https://www.bbc.com/news/uk-49325620


    John Bolton said the US supported a no-deal Brexit and added that Washington would propose an accelerated series of trade deals.

    "To be clear, in the Trump administration, Britain's constantly at the front of the trade queue, or line as we say," said Mr Bolton. [lol English-to-US English translation] He made it clear that the US government "fully understands" that Brexit is the UK's first priority, and said issues like Iran, China, and the involvement of the Chinese telecoms firm Huawei in building the UK's 5G mobile infrastructure could be put off until after the UK leaves the EU.

    He also criticised the European Union and accused them of treating voters like "peasants". "The fashion in the European Union when the people vote the wrong way from the way that the elites want to go is to make the peasants vote again and again until they get it right," he said.
     
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  17. bigbear0083

    bigbear0083 Content Manager
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  18. T0rm3nted

    T0rm3nted Moderator
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    Good for them. The people of Hong Kong are protecting themselves and have a revolution going on, it's needed in many countries. It's actually quite inspiring from as much as I understand about it.

    I just don't get why'd they don't take China at their word though? I'm sure China will not take advantage of them at all before 2047 because they said so.
     
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  19. OldFart

    OldFart Well-Known Member

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  20. Frankenstein

    Frankenstein Active Member

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    There it shoots up above 2900 SPX
     
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