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Stock Market Today: December 2nd - 6th, 2019

Discussion in 'Stock Market Today' started by bigbear0083, Nov 30, 2019.

  1. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    December is off to a bad start again after the disaster last year :eek:
     
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  2. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Well now it sounds like the trade deal isn’t so close again, kinda finally that they are saying different things everyday :p
     
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  3. bigbear0083

    bigbear0083 Content Manager
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    yeah, it almost has that deja vu feeling to it right? :p

    however, did you know that it was only just late sunday night that the /ES futures made a new ATH in the overnight session, so did the /YM (dow futures) and also the /NQ (nazzy futs).

    yet we get these two less than -1% down closes in the market to start this new month and all the sudden the doom and gloomers quickly come out of the wood work again to tell us that it's the end of the world, that a fully fledged bear market is about to ensue, you name it, etc etc. eventually they will be right, but it just seems to me like we hear this anytime the market see's even the slightest bit of red nowadays haha. rinse and repeat eh? :p

    anyway, fact is as rough as the past 2 days might have "felt", believe it or not the spx is still w/o even a -1% close for the past 34 trading days.

    this is still very much an orderly pullback in the market (for now) :p

    [​IMG]
     
  4. OldFart

    OldFart Well-Known Member

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  5. bigbear0083

    bigbear0083 Content Manager
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  6. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    So, the 2010s decade is almost over right? And no recession during it?
     
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  7. OldFart

    OldFart Well-Known Member

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    yep
    Crazy isn’t it?

    If USMCA is passed, and China finally signs something and actually sticks to it, I think we'll see another 10 year bull run.
     
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  8. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Cloud stocks struggling :eek: CRM down well over 3% and WDAY down over 5%
     
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  9. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Market reacts to the trade headline again lol. Honestly I don’t know how many times we will get to hear “the deal is close” before the deal is actually signed :p
     
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  10. bigbear0083

    bigbear0083 Content Manager
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    looks like we'll break this mini 3-day skid absent some crazy black swan event before today's close.

    i was wondering if we were going to make a run at the 2017 december losing streak to start the month, as that was at 4 days to start that year.

    believe it or not though that is still nowhere near the longest losing streak to start the month of december in history.

    the longest ever was at 9 days back in 1980 :p

    [​IMG]
     
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  11. bigbear0083

    bigbear0083 Content Manager
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    interestingly enough though, the market still managed to close up about +1% despite starting off with a 4-day losing streak to start december that year.

    meanwhile, since going all the way back to 1928, the month of dec. has ended up being been the worst month of the entire trading year for the market only one time in its history. that happened to be last year of course lol. :p

    [​IMG]
     
  12. bigbear0083

    bigbear0083 Content Manager
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    last year notwithstanding (of course) this is historically how the month of december has typically moved on average since 1950.

    [​IMG]
     
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  13. bigbear0083

    bigbear0083 Content Manager
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  14. shaw520

    shaw520 Member

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    $CLVS is killing me !! …...too much red on my screen :-(
     
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  15. bigbear0083

    bigbear0083 Content Manager
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    been hearing a lot of chatter lately about how this recent run up over the past few weeks was the "blow-off top" :p

    not sure if i agree with that, given that the spx is only about 8% above the 2018 high...not even making it up to the average of 8.5% above previous year's peaks.

    of course anything is possible, but meh, i feel like since the ATH in the /ES futures was once again made in the late overnight session this past sunday night and not during the regular trading hours on monday, as the shadowtrader guys would so elegantly point out, that was not exactly a proper end to the auction according to market profile. you kinda need to see some excess on the highs, and during regular trading hours which we did not see. so with that said, i don't think we're done yet, but we were so overdue for some kind of a pullback :p

    [​IMG]
     
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  16. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    SAGE down well over 50% too :eek: I don’t own it in real life but that was my pick for the monthly competition here, what a bad pick it was :p
     
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  17. bigbear0083

    bigbear0083 Content Manager
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    November Employment Report Preview
    Thu, Dec 5, 2019

    There’s been quite a bit of conflicting signals in the US labor market recently. After some elevated readings in weekly jobless claims earlier this month, the last two weeks have seen claims come back in with the latest print of 203K marking the lowest weekly print in over six months. While jobless claims have moved back down towards the low end of their range, the latest ADP Private Payrolls report missed expectations by more than 70K. If that’s not confusing enough, the latest ISM data has shown big divergences with the employment component of the manufacturing report falling in four of the last five months while the employment component of the services report has risen for two months straight.

    Heading into tomorrow’s Non-Farm Payrolls report, economists are expecting an increase in payrolls of 185K, which would be a 57K increase from October’s reading of 128K. In the private sector, economists are expecting a similar increase from 131K up to 179K. Job growth in the Manufacturing sector is expected to rebound from –36K up to 40K. Even with the expected big increase in Non-Farm Payrolls, the Unemployment Rate is expected to stay unchanged at 3.6% while average hourly earnings are forecast to increase 0.3% compared to October’s reading of 0.2%.

    [​IMG]

    Ahead of the report, we just published our eleven-page preview of the November jobs report. This report contains a ton of analysis related to how the equity market has historically reacted to the monthly jobs report, as well as how secondary employment-related indicators we track looked in November. We also include a breakdown of how the initial reading for November typically comes in relative to expectations and how that ranks versus other months.
     
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  18. shaw520

    shaw520 Member

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    Love all your stats BB,.. you are a machine !

    $CLVS lost 44.25% on the day,...bogged my entire portfolio down 2%,...luckily everything in my folder held pretty steady despite the pull back.
     
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  19. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    I used to like to play with these smaller biotech, not so much anymore since I am getting more conservative with my play. Anyway good luck and nice to see you joining the discuss here :)
     
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  20. shaw520

    shaw520 Member

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    In the real world I own a construction company,... so during snowy events and winters colds I find I can get pre-occupied with stock exchanging,... Once the winter weather breaks I'll be moving my holdings back into much more stable and less maintainable entities. But for the mean time I tend to have a busy mind that need to be occupied....
    (not always a good thing in the world of SE, LOL!)
     
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