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Stock Market Today: December 24th - 28th, 2018

Discussion in 'Stock Market Today' started by bigbear0083, Dec 21, 2018.

  1. internationalstocks

    internationalstocks Active Member

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    The old saying "The sky's the limit"..
     
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  2. internationalstocks

    internationalstocks Active Member

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    Have not seen anything like this in a long while. FED must have gone in big time today

    33931619-4A03-45EF-81F9-6A9E084B21AF.jpeg
     
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  3. Venom08

    Venom08 Member

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    Should rally into next week. Targeting 23300.
     
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  4. rStock

    rStock Well-Known Member

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  5. Steven_Burt

    Steven_Burt Well-Known Member

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  6. OldFart

    OldFart Well-Known Member

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    I agree with most of what you said except for this part.
    We lose jobs by sending manufacturing to China.

    Anyway, China's run is almost over. I think India is next. They are cheaper than China, but lack the Govt support like there is in China. If the India govt steps up their game, China will be finished. They will then know the feeling of losing jobs to overseas competitors.

    After that, South America or Africa will be next for cheap labor.
     
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  7. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    That’s the way to make money lately :D
     
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  8. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Still pretty red for the day but we had a pretty nice bounce off the lows :eek:
     
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  9. rStock

    rStock Well-Known Member

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    Let see if it close in green ...
     
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  10. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Within striking distance for sure ;)
     
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  11. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    DOW turned green :eek:
     
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  12. rStock

    rStock Well-Known Member

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    SP500 too
     
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  13. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Wow remarkable intraday turnaround here :eek:
     
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  14. Steven_Burt

    Steven_Burt Well-Known Member

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  15. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Maybe the plunge protection team is working hard today :p
     
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  16. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Santa Claus buying plungers.
     
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  17. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Still not sure if we truly have bottomed though. If you are a bull then I think you want to see less daily movement and volatility during the day :p
     
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  18. bigbear0083

    bigbear0083 Content Manager
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    so i wasn't actually aware of this until just now, but interestingly enough, if we were just going strictly by closing #'s then technically speaking the SPX did not actually dip into bear territory the other day (monday i guess it was?). the absolute intraday peak of 2,940.91 on the SPX down this past monday's close of 2,351.10 was -20.06%

    however the market did not "close" at 2,940.91...the ATH close on the SPX was 2,930.75 which means the correction technically only made it down to -19.78% from this past monday's close at 2,351.10 so according to some the SPX never did hit a bear market as crazy as that may sound :p

    on a intraday to closing basis it did (which is what most tend to use) but there are some like stock trader's almanac that does not use the absolute intraday levels, only closing levels. i tend to go with stock trader's almanac whenever in doubt. so, i guess the bull market (the one that started in 2009) might actually still be active :p
     
  19. bigbear0083

    bigbear0083 Content Manager
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    also worth noting that the DJ30 never made it to -20% down from ATHs neither on an closing or intraday basis just thought i'd put that out there as well :p
     
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  20. bigbear0083

    bigbear0083 Content Manager
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    whelp, there are now only 2 trading days left in 2018. it is a little weird that the year will end on a new trading week next week. :p

    here is a quick snapshot of the SPX performance for the full year. volatility sure broke out in a big way in Q4 and especially in december :p

    [​IMG]
     
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