Welcome Stockaholics!

We are a new and fast growing financial forum! Sign up for free and let's talk stocks!

  1. Do you want to help develop this community? We are looking for contributions from investors and traders like you! What stocks do you follow? What is hot right now? Sign up and get in on the ground floor of the newest, fastest growing financial forum!
    Dismiss Notice
  2. You will notice a live chat widget on the right. Click in to join us and lets hear about how you nailed that last UWTI trade!
    Dismiss Notice

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

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

  1. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    15,522
    Likes Received:
    4,912
    Today is the final day for the SCR (Santa Claus Rally).

    The SPX would need to close down greater than -3.87% today to end the SCR red.

    [​IMG]
     
    Onepoint272 likes this.
  2. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    3,143
    Likes Received:
    1,749
    So much for their theory that the # of phones sold doesn't matter anymore.
    Wonder if they'll change prices with economy in China slowing down?
     
  3. surfsup

    surfsup Active Member

    Joined:
    Apr 3, 2016
    Messages:
    192
    Likes Received:
    43
    There must be a lot of option players about to lose some coin. The homebuilders are being held up there! The Fed buying all the mortgages? It won't last...they are about to implode to CH11...
     
  4. Steven_Burt

    Steven_Burt Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    896
    Likes Received:
    578
    spx.png looking for an EOD flush
     
  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    3,640
    Likes Received:
    2,422
    Wow 10 year yield now down to 2.566% :eek:
     
  6. Steven_Burt

    Steven_Burt Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    896
    Likes Received:
    578
    It's so funny if you watch the algo's. They try to bounce or hold every single 5m candle bottom on big down days at the EOD looking for that EOD bounce. If they hold one watch the money flow in , when it fails ..straight to the next candle. rinse and repeat lol.
     
    stock1234 likes this.
  7. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    3,640
    Likes Received:
    2,422
    Powell speech tomorrow and the jobs report, should be another interesting day tomorrow :D
     
  8. Steven_Burt

    Steven_Burt Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    896
    Likes Received:
    578
    3rd tap on lows coming up.
     
  9. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    3,640
    Likes Received:
    2,422
    [​IMG]

    Transports falling deeper into the bear market territory :eek: Airlines stocks getting smoked today on the revenue warning from Delta. Seeing more warnings now before the earnings season
     
    internationalstocks likes this.
  10. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    15,522
    Likes Received:
    4,912
    The SCR has officially concluded.

    Here are the final percentage changes for the major indices for the SCR.

    Looks like even despite today's selloff the SCR still ends at least +1% or greater across all majors.

    [​IMG]
     
  11. Frankenstein

    Frankenstein Active Member

    Joined:
    May 18, 2016
    Messages:
    436
    Likes Received:
    153
    On that rally to 2519, I exited all my long positions for risk management. Not quite at break even. But if the SPX collapses somewhat, I can re-enter and not lose a thing. I prefer that vs. hanging on in this environment. But, overall, my account is in positive and profitable territory for 2018. I guess that's better than nothing.
     
  12. Frankenstein

    Frankenstein Active Member

    Joined:
    May 18, 2016
    Messages:
    436
    Likes Received:
    153
    I guess that's what I get for not believing in my theory and just going on "instinct"--or what what others call "gambling"
     
  13. Frankenstein

    Frankenstein Active Member

    Joined:
    May 18, 2016
    Messages:
    436
    Likes Received:
    153
    At any rate, I shall start entering long if the SPX hits 2430 or non-above. That would be a strategic entry--not necessarily a long, swing entry. This environment is tricky, due to our beloved POTUS, among other things
     
  14. Frankenstein

    Frankenstein Active Member

    Joined:
    May 18, 2016
    Messages:
    436
    Likes Received:
    153
    I'd really like a test of that 2340 level, however. That would be an excellent entry for a long
     
  15. internationalstocks

    internationalstocks Active Member

    Joined:
    Apr 3, 2016
    Messages:
    450
    Likes Received:
    189
    Bloodbath not over.. Keep shorting

    175DE3FB-579D-41DF-8D16-77CB4DCC95D9.jpeg
     
  16. Frankenstein

    Frankenstein Active Member

    Joined:
    May 18, 2016
    Messages:
    436
    Likes Received:
    153
  17. Frankenstein

    Frankenstein Active Member

    Joined:
    May 18, 2016
    Messages:
    436
    Likes Received:
    153
    I don't short but I like excellent long entries
     
  18. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    15,522
    Likes Received:
    4,912
  19. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    15,522
    Likes Received:
    4,912
    Good Friday 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 good final trading day of the week.

    Also, earnings season will soon be getting underway. Here's a quick sneak peek at next week's earnings calendar-

    [​IMG]
     
  20. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    3,640
    Likes Received:
    2,422

Share This Page