just to put some perspective on the recent market volatility this quarter. the avg. daily range on the spx has now perked up at early 2012 levels. 2008 was pretty f'n insane, we're still far from reaching those levels
^^ this i don't pay too much attention to the weekly job claim figures, but i see that is still hovering down there at historically low levels looks like this could very well be one of those non-recession bear markets
In the VIX, I think people are looking for a higher high (the ultimate one) with an intraday reversal. We got the intraday reversal today, but it didn't get over Monday's high.
I like how the average 5 min candle has a wider range than most daily candle ranges over the years lol
Hey @OldFart , are you still trading oil? I am looking at some names. wondering what kind of catalyst it would take to get them to run. What are you thinking?
Not at the moment but I know some people who are bullish on oil right now. Too volatile for me right now.
I noticed recently Apple moving some production and manufacturing from China to India. India does have talent I reckon in software and putting things together.
Looks like the worst of the selling is done for now, but I guess how we start the month of January will tell us more whether we truly have bottomed Safe havens like the yen, gold, and treasuries are all flat to up for the day, so it doesn't seem like it is back to risk on yet. SPX now down about 6% for the year, so we would need a miracle Monday to get back to breakeven for the year I believe it would be the first down year after 2008, but I will need to double check. Still an amazing streak though for the bulls Anyway, I guess some of you might not be back until January 2nd. I wish everyone a Happy New Year and let's make a lot of money in the market in 2019 We should continue to see a lot of headlines and volatility in the new year
Well seems like no real direction today. The lack of volume probably make it easy to move the market up and down today
Thank you, and the the same to you and your family as we well @stock1234! Happy New Year! I'll still be in town for New Year's. Not sure about the rest of the regulars though. It was mostly a staycation for me this holiday season (which sometimes isn't a bad thing ). It has been a 2018 for the record books. Quite literally. Lol. There were records made on the upside and downside this year. It's funny how this year was essentially the complete opposite of last year in terms of market volatility lol. Can't wait to see what 2019 has in store for us! Before I head off here, I just wanted to send a HUGE thank you to all of you guys who contributed so much of your time on a daily basis here this year. It's been so good seeing some of you guys back again. @Steven_Burt, @Three Eyes, @OldFart and @internationalstocks to name a few. Also would be remiss if I did not mention others like @stock1234, @anotherdevilsadvocate, @Ken34 and @Frankenstein. There are others of course, but those are a few off the top of my head. You guys rock! Let's do this all over again in 2019 shall we? For those of you who will not be back until the new year. Here's to a happy, healthy and prosperous 2019 to you!
Haha, yeah most likely no chance to see the SPX turn green YTD by Monday's close. Would need to see an all out RYFOR (rip your face off rally) to get anywhere near the flat line on the year lol. On the bright side though it appears the SCR is holding up okay (for now). Up over +2% as of now on the Santa Claus Rally with 3 trading days left to go in that one.
almost forgot, but this was our final trading "week" of 2018 with today's close. kinda wished the new year started on monday instead of tuesday so we would have a fresh day, week, month, and quarter on the same day lol. spx finishes the week +2.86% on this final trading week of the year.
