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Stock Market Today: December 3rd - 7th, 2018

Discussion in 'Stock Market Today' started by bigbear0083, Nov 30, 2018.

  1. stock1234

    stock1234 2017 Stock Picking Contest Winner

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    Haha I guess not but this December could be a pretty volatile one it seems like :p
     
  2. stock1234

    stock1234 2017 Stock Picking Contest Winner

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  3. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Funny that she was detained on Saturday, but the news waited til now. Can we close the markets one more day for the mourning?
     
  4. bigbear0083

    bigbear0083 Content Manager
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  5. bigbear0083

    bigbear0083 Content Manager
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    Good Thursday morning to all.

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

    anotherdevilsadvocate Well-Known Member

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    This whole year in a channel
    [​IMG]
     
    Steven_Burt and bigbear0083 like this.
  7. Steven_Burt

    Steven_Burt Well-Known Member

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    Wow no bounce?? 2640 maybe?
     
  8. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    MKTX not paying any mind to the last 2 trading days.

    FEYE continuing to look nice, 10 ma crossing above the 20 ma.
     
  9. Frankenstein

    Frankenstein Active Member

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    Ok. I purchased long lot #2 at 2650. The SPX hit 2643. I don't care at this point whether it goes up or not. If it goes up, I profit. If it collapses, I can buy more long. This is in a strong buy zone
     
  10. Steven_Burt

    Steven_Burt Well-Known Member

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    I think we see 2621 SPX today and I'm thinking 2581 SPX eventually.
     
  11. Frankenstein

    Frankenstein Active Member

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    I wanted to add long again at 2622 to 2625 level. Oh well.
     
  12. Frankenstein

    Frankenstein Active Member

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    SPX 2620 to 2650 is a rich buy zone
     
  13. Frankenstein

    Frankenstein Active Member

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    Even 2700 is ok for buying
     
  14. Frankenstein

    Frankenstein Active Member

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    My target is around 2725 to 2735. At that point, I shall ditch 50% of my positions for profit taking and assess what to do with the other 50%
     
  15. Frankenstein

    Frankenstein Active Member

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    The problem is that next week, the SPX could plausibly hit around 2850+ for the infamous "Santa rally"
     
  16. Frankenstein

    Frankenstein Active Member

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    The collapse today attributed to the Huawei arrest is....hmmm...at any rate, this is an opportunity to buy at this 2620 to 2650 level
     
  17. Steven_Burt

    Steven_Burt Well-Known Member

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    any close above 2641 today and I'll be looking for a gap fill to 2699 in the next few days.
     
  18. stock1234

    stock1234 2017 Stock Picking Contest Winner

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    Tech actually outperforming today, names like AMZN, GOOGL, and NFLX actually in the green :eek: Cybersecurity stocks also doing well
     
  19. Steven_Burt

    Steven_Burt Well-Known Member

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    For my worthless opinion... I feel like there is way too much potential risk for managers at the moment. The yield curve, trade wars, Russia aggression's, oil prices, and even the Muller investigation make it hard for managers to put money to work here. I don't believe the MM's get FOMO lol.

    Having said that, once the news creates the hype for a move the BOTS kick in and trade. The markets have been really sweet intra day for technical traders imo.
     
  20. stock1234

    stock1234 2017 Stock Picking Contest Winner

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