Feels like this market is dragging, but at the same time its been kinda sideways and coiling up for that Dow 20,000 headline that everybody wants:
Financials are back down now, nice bounce off the weekly resistance and closed the last week gap. If AAPL could pull we could see some nice action
ya i think 20k is pretty much a foregone conclusion at this point ... although honestly i was hoping we would have crossed it by now ... it would be really nice to get on with it already rather than hearing about it every hour of every day of the week lol ... i do feel this is the most meaningless # in the most meaningless index of all that being said though i'm sure the media will have an absolute field day with that large round # as they usually do, perhaps with a little extra cherry on top as they go gaga over the fact that we have a 2x-handle for the first time. let's just do it already and get it over with ... hopefully it'll happen either this week or the next during the santa claus rally
Yeah it is a little annoying to hear CNBC talking about a road to Dow 20K all the time, hope we will hit it sooner rather than later
$BBRY Still down 90% off it's high from 2009 where the rally was just getting started in the market. It's not rocket science. Avoid the hype
maybe today it got within 13 ticks this morning ... although that's just intraday ... i think we'd need to close above it as well ... hopefully sooner rather than later ... kind of tired of hearing about this meaningless #
If we go up 2% for the Santa rally in the S&P, that's about 40 points, right? Anyone have the number where we would end up if that happened?
@Baggi are you asking where the SPX would be if we went up another +2% from current level? currently trading 2270 in the cash S&P ... so another +2% higher from here would have us at 2315 (45 handles) 2,270.00 2,315.00 +1.98%
Doesn't seem like it's happening now. Got C puts 23 dec 61 @ 1$ Edit: One good thing about these markets is the low derivatives premiums...geez
Only if right now is the beginning of the Santa Rally. If it started yesterday, then it would be from open yesterday? Or close Friday? How will you make the calculation at the end of the rally whether it was up, down or flat?
ah, i gotcha ... you're talking about the SCR i actually have a live spreadsheet that i had posted up the link over on our santa claus rally thread that will start tracking the SCR in real-time: <-- click that button to access my live sheet it will start tracking from this coming friday which is the "official" start of the SCR i will also be tracking the FFD (first five trading days of the new year) and the full month of January. remember the SCR is 7 days long; it tracks the last 5 trading days of the current year and ends on the 2nd trading day of the new year we won't know the final results of the SCR until the market close of Jan. 4th 2017 and while i'm at it here if any of you have yet to cast and post your votes on our official Stockaholics Santa Claus Rally poll please do so here- Santa Claus Rally in 2016? Yes or No? Vote! <-- click there! that poll will close down at friday's open... and also please "post" your vote on that thread after you have clicked in your vote so we know what you voted for
As for how "I" make my calculation on the SCR on our Stockaholics SCR poll. It's pretty simple- If we are UP +0.50% or greater during the 7-day stretch (Dec. 23rd to Jan. 4th) then I count that as a successful SCR. And if we are DOWN -0.50% or greater during that same 7-day stretch, the I'm counting that as a FAILED SCR. Anything in between that would obviously then just be considered FLAT (+/-0.50% or less) hope that made sense
