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Stock Market Today: August 19th - 23rd, 2019

Discussion in 'Stock Market Today' started by bigbear0083, Aug 16, 2019.

  1. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Looking good :D
     
  2. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Market holding up pretty well considering the FED speakers were kinda hawkish earlier today and the PMI were lousy this morning :eek:
     
    OldFart likes this.
  3. OldFart

    OldFart Well-Known Member

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    Powell @ 10:00 am?.... should be a crazy morning
     
    bigbear0083 likes this.
  4. bigbear0083

    bigbear0083 Content Manager
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  5. Frankenstein

    Frankenstein Active Member

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    I exited for profit at 2925 yesterday
     
  6. Frankenstein

    Frankenstein Active Member

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    Today, I entered fresh multiple times long between 2870 and 2900. My theory says the SPX should rally to minimally 2920 at some point--again, what I do at that time depends on the price action, etc. Long live volatility!
     
  7. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Volatility is back after the latest tweet from Trump, I guess the trade talks aren’t going well and China is pretty determined not to make a deal before the election :eek:
     
    OldFart likes this.
  8. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    hmm, might be time to get back in the markets....
     
    stock1234 likes this.
  9. T0rm3nted

    T0rm3nted Moderator
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    MAKE IT STOP!!!

    I feel like I said this recently.

    Glad that I have only like 30% of my money invested at least.
     
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  10. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Powell came right out and said the Fed doesn't know what it's doing.
    There are "no recent precedents to guide any policy response to the current situation," Mr Powell said, adding that monetary policy "cannot provide a settled rulebook for international trade".
     
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  11. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Yeah have some cash on the sideline, I don’t mind if we see some severe correction and stocks to get beaten down a little bit :D
     
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  12. OldFart

    OldFart Well-Known Member

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    Lmao!
     
  13. OldFart

    OldFart Well-Known Member

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    As I’ve said before, protect with options.
    You would lose a LOT less in a potential bear market.
     
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  14. Frankenstein

    Frankenstein Active Member

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    I want the SPX to rally above 2940 now
     
    anotherdevilsadvocate likes this.
  15. OldFart

    OldFart Well-Known Member

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    I got the solution to this China America tariff thing:

    1) Extend NAFTA throughout South America ( except for Venezuela ).
    2) American companies can now move out of China, and into South America.
    3) No more worries about illegals wanting to come here. They now have careers waiting for them at home.
    4) China can now kiss our ass.
     
  16. StockJock-e

    StockJock-e Brew Master
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    and shipping from South America will be faster than shipping from China.

    I hate these two week delays when I buy stuff from Alibaba ;)
     
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  17. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Looks like sell into the close:eek: will see if we get some short covering right before the closing bell ahead of the weekend
     
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  18. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    But I heard they are moving to Vietnam lol :p
     
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  19. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    BA actually up slightly for the day :eek: Usually it is one of those stocks that get hit hard on the trade headlines
     
  20. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    All 3 major indexes down nearly 3% for the day :eek:
     
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