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

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

  1. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Is it going to be the first down year since 2008? I believe so :p
     
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  2. bigbear0083

    bigbear0083 Content Manager
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    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 :p

    [​IMG]
     
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  3. bigbear0083

    bigbear0083 Content Manager
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    ^^ 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 ;)

    [​IMG]
    [​IMG]
    [​IMG]
     
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  4. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    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.
     
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  5. Venom08

    Venom08 Member

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    I like how the average 5 min candle has a wider range than most daily candle ranges over the years lol
     
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  6. bigbear0083

    bigbear0083 Content Manager
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  7. Steven_Burt

    Steven_Burt Well-Known Member

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    Looking to buy pull backs today. I think short squeeze will start to kick in here.
     
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  8. Steven_Burt

    Steven_Burt Well-Known Member

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    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?
     
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  9. Steven_Burt

    Steven_Burt Well-Known Member

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    looking for 2532 today.
     
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  10. OldFart

    OldFart Well-Known Member

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    Not at the moment but I know some people who are bullish on oil right now. Too volatile for me right now.
     
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  11. StockJock-e

    StockJock-e Brew Master
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    Its nice to see big candles once again!
     
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  12. internationalstocks

    internationalstocks Active Member

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    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.
     
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  13. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    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 :p 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 :p 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 :eek:

    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 :D We should continue to see a lot of headlines and volatility in the new year :D
     
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  14. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Well seems like no real direction today. The lack of volume probably make it easy to move the market up and down today :p
     
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  15. bigbear0083

    bigbear0083 Content Manager
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    Thank you, and the the same to you and your family as we well @stock1234! Happy New Year! :D

    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 :p).

    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? :p

    For those of you who will not be back until the new year. Here's to a happy, healthy and prosperous 2019 to you!
     
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  16. bigbear0083

    bigbear0083 Content Manager
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    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. :D
     
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  17. bigbear0083

    bigbear0083 Content Manager
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    almost forgot, but this was our final trading "week" of 2018 with today's close. :p

    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.
     
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