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

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

  1. OldFart

    OldFart Well-Known Member

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    congrats
     
  2. Frankenstein

    Frankenstein Active Member

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    I wanted to profit take at 2940 but my account is having problems--can't put in the order
     
  3. Frankenstein

    Frankenstein Active Member

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    After it retraces from 2944 to 2924, I can put in an order. Crazy
     
    stock1234 likes this.
  4. bigbear0083

    bigbear0083 Content Manager
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    they don't call it "turnaround tuesday" for nothin' eh :p

    nice bright green market map today :D

    [​IMG]
     
  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    There we go, some tariffs are delayed although it didn’t directly come from the tweets from Trump I guess :p
     
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  6. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    It was all poetry in motion. Stopped the market from falling out of control (albeit yesterday support at 2880 seemed to signal the downmove was done, but this morning made it shoot up); pushed China tariffs back to mid-December so all the Xmas presents will be shipped to US by then; Brexit is happening on October 31 so China is pushed behind Britain as Bolton said so. That's like 3 birds with one tweet stone. Don't underestimate the size of the US's stones.

    I felt the same way and wondered how we got here. Getting inspiration from Hong Kong?!
    All we have in the US is a hash tag trending for a day.
     
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  7. Frankenstein

    Frankenstein Active Member

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    The rally this morning is pretty decisive + 94 million for the SPY. I didn't have a chance to exit at 2940, as mentioned above, due to technical problems presumably with the stock broker I am using. But, we'll see what happens tomorrow. But today's price action is "suggestive." I'll decide tomorrow what to do with my long positiion
     
  8. JoeBloggs719

    JoeBloggs719 New Member

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    Asking out of curiosity, what was the news that dropped at approx 13:15 ET?
     
    #48 JoeBloggs719, Aug 13, 2019
    Last edited: Aug 13, 2019
  9. OldFart

    OldFart Well-Known Member

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    Probably something about the bond yield curve? They've been beating that horse to death lately on "news media" trying to say it's going to put us in a recession.
     
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  10. bigbear0083

    bigbear0083 Content Manager
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  11. OldFart

    OldFart Well-Known Member

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  12. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Marketwatch is saying the 2y-10y inverted while I was sleeping. I'm currently seeing 0.8 bps spread.
     
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  13. StockJock-e

    StockJock-e Brew Master
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    Is it the end?

    Im getting news flashes on my phone that a recession is coming! :D
     
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  14. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Nah, Frankenstein was buying here.

    And I've seen data that says the stock market peaks after the inversion.
    Examining this, I guess it implies that inversions have to happen when stocks are riding high.

    Maybe it's the beginning of An end.
     
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  15. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    yea i havent gotten back into anything this week, figured volatility would rock the market, still holding onto LULU though.

    dam, TLT chart looking like a tech stock lol.
     
    #55 Ken34, Aug 14, 2019
    Last edited: Aug 14, 2019
  16. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    What does this look like today:p
     
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  17. bigbear0083

    bigbear0083 Content Manager
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    ^^
    pretty much the complete opposite of yesterday :p

    [​IMG]
     
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  18. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Just woke up, so did the inversion happened this morning? :eek: 10 year still have high yields than 2 year at this moment
     
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  19. OldFart

    OldFart Well-Known Member

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    Yep
     
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  20. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    The recession fears are a little bit overblown I guess, most economic data are still pretty solid :eek:
     
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