Stock Market Today: December 17th - 21st, 2018

Discussion in 'Stock Market Today' started by Stockaholic, Dec 15, 2018.

  1. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

    Joined:
    Dec 14, 2017
    Messages:
    484
    Likes Received:
    632
    Uh oh. Might soon be time to dust off those "Average breadth & depth & length of Bear Market" charts and tables...
     
    Stockaholic likes this.
  2. Stockaholic

    Stockaholic Content Manager

    Joined:
    Mar 29, 2016
    Messages:
    13,767
    Likes Received:
    7,050
    finally seeing the VIX perk up a bit here as @Three Eyes mentioned earlier ... but still nothing that makes you go "whoa!" (or at least not yet).

    kinda like to see a complete washout of a day, like we had on feb. 5th of this year ... maybe it's just me(?) but this all still feels "orderly" to me. anyone else? :p
     
    Three Eyes likes this.
  3. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

    Joined:
    Dec 14, 2017
    Messages:
    484
    Likes Received:
    632
    Yes! This is steady-as-she-goes selling. Maybe positions being unwound to salvage year-end performance numbers? We need that VIX blowout to signal some sort of exhaustion and reversal!
     
    Stockaholic likes this.
  4. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,663
    Likes Received:
    4,684
    I just had a vertigo attack so won’t be watching the market rest of the day. Just resting on the bed now. Happy trading to all of you though ;)
     
    OldFart, Steven_Burt and Stockaholic like this.
  5. Stockaholic

    Stockaholic Content Manager

    Joined:
    Mar 29, 2016
    Messages:
    13,767
    Likes Received:
    7,050
    dang, sorry to hear that @stock1234 hope you feel better soon man. :(
     
    stock1234 and OldFart like this.
  6. rStock

    rStock Well-Known Member

    Joined:
    Sep 27, 2016
    Messages:
    89
    Likes Received:
    105
    Look much better when you’re not watching @stock1234
     
    OldFart likes this.
  7. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

    Joined:
    Dec 14, 2017
    Messages:
    484
    Likes Received:
    632
    What @bigbear0083 said. Hope you're back to 100% quick!
     
    stock1234 and OldFart like this.
  8. Steven_Burt

    Steven_Burt 2019 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    449
    Likes Received:
    488
    Vix up, but not quite there, RSI down but not quite there, still too orderly imo. I think we see 2425 tomorrow.
     
    OldFart, Three Eyes and Stockaholic like this.
  9. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

    Joined:
    Dec 14, 2017
    Messages:
    484
    Likes Received:
    632
    Yeah, really was hoping we'd get a nice long wick on the VIX today. Maybe it was enough? I'm leaning down again tomorrow, too. At least early on in the day.
     
    OldFart and Steven_Burt like this.
  10. Ken34

    Ken34 2017 Stock Picking Contest Winner

    Joined:
    Apr 4, 2016
    Messages:
    1,039
    Likes Received:
    723
    i think the fact that its been orderly is the scary part, like it feels like it can just keep going lower and lower forever just like a true bear market.
     
  11. Steven_Burt

    Steven_Burt 2019 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    449
    Likes Received:
    488
    I think the close below 2488 was a blow to the bulls. Unless we get some news to gap the markets in the pre market we close lower tomorrow imo. Best case scenario, we open flat and drift down again, break 2425 and flush hard. - then we can get long.
     
    OldFart, Stockaholic and Three Eyes like this.
  12. Frankenstein

    Frankenstein Well-Known Member

    Joined:
    May 18, 2016
    Messages:
    794
    Likes Received:
    404
    I averaged in at around 2465 today. I couldn't enter at the 2441 level because of a dentist appointment. It's interesting how these appointments can throw a person off. At any rate, I'm set for Santa, if Santa shows up this year. This collapse to the 2441 level is, simply, insane. From the 2940 level.
     
  13. Stockaholic

    Stockaholic Content Manager

    Joined:
    Mar 29, 2016
    Messages:
    13,767
    Likes Received:
    7,050
  14. Stockaholic

    Stockaholic Content Manager

    Joined:
    Mar 29, 2016
    Messages:
    13,767
    Likes Received:
    7,050
    Good Friday morning to all!

    Here is the pre-market thread for those of you wanting to get a quick read before today's open-
    [​IMG] <-- click there to read!

    Hope everyone has a great trading day on this final trading day of the week.
     
    Steven_Burt likes this.
  15. Steven_Burt

    Steven_Burt 2019 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    449
    Likes Received:
    488
    Bio's and RUT are red today - strange
     
  16. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,663
    Likes Received:
    4,684
    Thanks guys I am better today. Unfortunately the vertigo attacks me once in awhile, but I am fine today :)
     
    Steven_Burt and Stockaholic like this.
  17. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,663
    Likes Received:
    4,684
    NASDAQ now deep in the bear market territory :eek:
     
  18. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    4,338
    Likes Received:
    3,384
  19. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    4,338
    Likes Received:
    3,384
    SPX below 2450, looking at MSFT's triple bottom.
    [​IMG]
     
    stock1234 likes this.
  20. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,663
    Likes Received:
    4,684
    Utilities up over 1% today. Defensive sectors like staples and real estates are up today. Tech stocks are getting hammered though
     

Share This Page