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: August 5th - 9th, 2019

Discussion in 'Stock Market Today' started by bigbear0083, Aug 3, 2019.

  1. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    19,286
    Likes Received:
    6,750
    although on a % basis we'll probably not break any notable records, but it is worth noting that on a absolute point basis, the largest one day drop in the dj30 is -1176 (closing basis) -1598 (intraday basis) those were both from feb. of 2018 :p
     
    OldFart and stock1234 like this.
  2. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    4,526
    Likes Received:
    3,339
    Yeah as long as China doesn’t do anything too dramatically with their currency tonight then we could see a dead cat tomorrow. When will we get to hear from the FED speakers again? The market badly need their dovish comments :p
     
    OldFart and bigbear0083 like this.
  3. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    4,526
    Likes Received:
    3,339
    Small caps are now deep into correction territory, they have really underperformed when the big caps were making the ATHs
     
    bigbear0083 and OldFart like this.
  4. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,717
    Likes Received:
    1,488
    It’s been overdone since the tariffs started.
     
    stock1234 and bigbear0083 like this.
  5. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    19,286
    Likes Received:
    6,750
    Investors Turning to Safe Havens
    Mon, Aug 5, 2019

    As equities sell-off sharply, cyclical and trade-sensitive businesses, in particular, have fallen on hard times as investors rotate into defensives. While still down today, sectors like Utilities, Consumer Staples, and Real Estate have held up slightly better. In commodities, this same dynamic has played out. Copper, which is a bellwether for global manufacturing activity, has fallen sharply in response to trade tensions and concerns over global growth. Meanwhile, gold's safety status has led it to rally. In Monday's session, gold has been one of the few assets to rally, rising 1.84% from Friday's close. Looking at the ratio between the two commodities over the past few years shows just how much gold has been outperforming. While it has been rising slowly over the past year, the ratio has really ripped higher in the past week. In fact, over the past week, the relative strength of gold versus copper has seen its largest short-term move since February 2016.

    [​IMG]

    Similarly, the Japanese Yen which is commonly viewed as a safe haven currency has been surging versus the dollar. Over the past several years, USDJPY has been in consolidation. After bottoming this time of year in 2016, the cross made a series of higher lows and lower highs. Earlier this year, USDJPY failed to take out the downtrend line, continuing to move below the uptrend line. Now, over the past few sessions, the Yen has further appreciated as global trade tensions mount.

    [​IMG]
     
  6. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    4,526
    Likes Received:
    3,339
  7. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    4,526
    Likes Received:
    3,339
    T0rm3nted and OldFart like this.
  8. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    4,526
    Likes Received:
    3,339
    T0rm3nted and OldFart like this.
  9. hungphong

    hungphong New Member

    Joined:
    Jul 25, 2019
    Messages:
    7
    Likes Received:
    15
    On Trading Plus software system, the DJI is currently showing a sell signal. Almost all indicators as well as stocks of the world are affected by this index.

    On August 1, 2019, the DJI index was more than 280 points (equivalent to more than 1%). Along with that, Trading Plus system is giving sell signals.
    [​IMG]
    Signal DJI in the Trading Plus

    Investors pay attention to this signal. Especially large stocks such as MICROSOFT, APPLE, FACEBOOK, McDonalds, Intel, Nike, ... almost all stocks of large companies are falling sharply.

    Especially on July 31, 2019 Central Banks Federal Reserve (FED) announced no longer interest rates. And has reduced 0.25% daily interest rate during news announcement. This is the largest cause of this index falling.
     
    stock1234, OldFart and T0rm3nted like this.
  10. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    19,286
    Likes Received:
    6,750
  11. AverageJoesTrades

    AverageJoesTrades Well-Known Member

    Joined:
    May 24, 2016
    Messages:
    1,044
    Likes Received:
    545
    New short watches for today/tomorrow:
    GCI
    AVP

    Edit: IAA short now
    adding K and SPWR to the watch list
     
    #51 AverageJoesTrades, Aug 6, 2019
    Last edited: Aug 6, 2019
    OldFart likes this.
  12. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,717
    Likes Received:
    1,488
    stock1234 and bigbear0083 like this.
  13. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    3,728
    Likes Received:
    2,376
    Some light news

    Viacom adding Garfield to Nick portfolio
    • Viacom has a definitive deal to take over global rights to cartoon cat Garfield, through an acquisition of rights holder Paws Inc.
    • That includes intellectual property rights to the U.S. Acres franchise -- like Garfield, originating in a Jim Davis comic strip.
    • Viacom's Nickelodeon will develop new consumer products and Garfield content for all platforms. A new animated TV series will be among the first developments, and Jim Davis will continue to produce the syndicated comic strip.
    Hope they don't mess up his voice!
     
    OldFart, stock1234 and T0rm3nted like this.
  14. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    19,286
    Likes Received:
    6,750
    i agree @OldFart also if we just take a step back for moment, and look at the bigger picture, what we're seeing right now is actually perfectly normal and healthy market action. august has notoriously been known to be a volatile month for markets. just look at recent years like 2011, 2015, 2016, this year, etc. it's no surprises really.

    this chart ain't mine but just thought it was worth a quick share in here.

    5%+ market drawdowns from highs are pretty normal.

    fact is, since 1990 the average year has seen 3 separate 5% pullbacks a year. (we're on #2 now)

    we'll see if things escalate further to the downside, but this is pretty much on par of what we've seen over the past 20 years at least.

    [​IMG]
     
    OldFart and stock1234 like this.
  15. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    4,526
    Likes Received:
    3,339
    A decent oversold bounce so far. Safe havens like gold and bonds are up again though so it doesn’t feel like a risk on environment yet
     
  16. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    4,526
    Likes Received:
    3,339
    SHAK soaring after earnings :eek: I have never eaten there so not sure if their food is good :p Have put stocks like SHAK and WING on my watchlist like forever but have never bought any share, I wish I did :p
     
    OldFart likes this.
  17. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    3,728
    Likes Received:
    2,376
    SHAK is good eating, but expensive. Can eat a lot of quality burgers for cheaper, heck I even like the greasy ones.

    When I was in London for just a day, I did see a couple of stores over there (whereas I didn't see a single Burger King). I get the feeling they're the high end burger joint.
    Didn't eat Shake Shack in London, went to BurgerFi instead
     
    #57 anotherdevilsadvocate, Aug 6, 2019
    Last edited: Aug 6, 2019
    stock1234 and OldFart like this.
  18. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,717
    Likes Received:
    1,488
    I've never ate there either.

    Probably over blown like Chipolte...that was the WORST burrito I've ever had. I have never been back. since I ate 1/4 of that burrito. I am surprised some Mexicans haven't sued them for making them look bad. I've been to locally owned Mexican restaurants...most are very good if they are actually owned by a Mexican.
     
    stock1234 likes this.
  19. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    6,848
    Likes Received:
    1,917
    I had SHAK once on the strip in Vegas but I can't remember if it was good, for obvious reason. I believe it's similar to a In-N-Out for you west-coasters.

    I have Chipotle at least once a week...
     
    stock1234 likes this.
  20. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    4,526
    Likes Received:
    3,339
    OldFart likes this.

Share This Page