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Stock Market Today: December 31st - January 4th, 2019

Discussion in 'Stock Market Today' started by bigbear0083, Dec 28, 2018.

  1. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Happy New Year everyone :D Overall 2018 was a pretty exciting year, we haven't seen volatility like this after several years of easy money provided by global central banks :eek: Hopefully 2019 will be as exciting as well :D
     
    fireopal, Steven_Burt and bigbear0083 like this.
  2. bigbear0083

    bigbear0083 Content Manager
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    Here are the final % changes for the major indices as we wrap up the 2018 trading year-

    [​IMG]
     
  3. bigbear0083

    bigbear0083 Content Manager
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    HNY!

    Globex reopen is at 6pm eastern correct?
     
  4. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    ANF nearing breakout from downtrend. Average move is 5%, rather low beta considering how strongly the market has been downtrending lately.
    Yield ~4%.
    [​IMG]
     
  5. bigbear0083

    bigbear0083 Content Manager
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  6. Steven_Burt

    Steven_Burt Well-Known Member

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    Oil on the move today.
     
  7. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    HNY all :) Long way to go but so far a very impressive turnaround for this market :eek: Looks like some beaten down sectors and stocks from last year are actually outperforming today. Worst performing stocks from last year tend to get bought at the beginning of January
     
  8. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Slowdown in China had us negative all overnight.
    Now a low volume rally into green today.

    Here's some China news that's been out 6 hours, so doesn't seem to have any effect on the prices today:
    https://www.cnbc.com/2019/01/02/us-...to-get-meaningful-concessions-from-china.html
    • Robert Lighthizer has reportedly told friends and associates he is intent on preventing Trump from accepting “empty promises” like temporary increases in soybean purchases.
    • In order to avoid this, the U.S. may have to slap tariffs on more Chinese goods, Lighthizer has said, according to The New York Times.

    In the VIX pattern I'm looking at, it should bottom tomorrow.
     
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  9. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Yeah the PMI in China was bad last night too and I am a little surprised that we have such a big intraday turnaround
     
  10. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    I'm chalking it up to the Santa rally.
     
  11. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    A couple Chinese stocks among the biggest losers today (UXIN -19%, BITA -17.5%). Hang Seng Index down ~3%. See if that carries over to US tomorrow.
     
  12. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    [​IMG]

    Brazil is having a great day :eek:
     
  13. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Very nice day for the dollar. Interestingly gold is actually holding up pretty well today despite the strong dollar
     
  14. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Steven_Burt likes this.
  15. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Steven_Burt likes this.
  16. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    AAPL is trading now, down over 8% :eek:
     
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  17. Steven_Burt

    Steven_Burt Well-Known Member

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    Blood red tomorrow
     
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  18. Steven_Burt

    Steven_Burt Well-Known Member

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    wow.png I say we re-test @StockJock-e 's long term trend line now.
     
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  19. bigbear0083

    bigbear0083 Content Manager
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  20. bigbear0083

    bigbear0083 Content Manager
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    Good Thursday morning to all!

    Here is the pre-market thread for those of you wanting a quick market read before today's open-
    [​IMG] <-- click there to read!

    Hope everyone a great trading day ahead!
     

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