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Stock Market Today: February 10th - 14th, 2020

Discussion in 'Stock Market Today' started by bigbear0083, Feb 7, 2020.

  1. bigbear0083

    bigbear0083 Content Manager
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    ^^ he's still around Rui...just been super busy with other things atm.

    he had recently moved out to Vancouver the other month. so still kinda settling in there.

    i chat with him pretty regularly via text msging, and on discord.
     
    stock1234 and T0rm3nted like this.
  2. bigbear0083

    bigbear0083 Content Manager
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    Good Tuesday morning traders and welcome to a new day, fresh start!

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

    Hope everyone in here has a great trading day ahead! :)
     
    stock1234 likes this.
  3. bigbear0083

    bigbear0083 Content Manager
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    man, i wish nowwhat were still around, he was entertaining to read around those large round #'s

    i wonder what he'd say now with the dj30 just about a percent or two from 30k and the nazzy from 10k :p
     
    stock1234 likes this.
  4. bigbear0083

    bigbear0083 Content Manager
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    i always feel like the market is uninteresting whenever we don't see @Frankenstein posting in these threads :p

    i know they say keep your emotions/opinions out of the market because it does nothing to make you $

    i have no skin in the game atm anyway, just observing, but man i just gotta say it really amazes me how this market just refuses to pull back meaningfully, even after such a huge run since oct.

    i get it though, this market is mostly artificially induced by global central banks...hence that "BTFD" mentality.

    at what point does this not work. that would be a spectacular sight to see :p

    i won't lie though, and i know i mentioned this yesterday, but the market is admittedly boring me out a little here :D

    would be nice to get a two-sided market though, say sayin'.

    seems like the forces that be (fed, u.s. presidential election) simply will not allow for a meaningful pull.

    god forbid we really see a true black swan event...

    this wuhan virus certainly has the capability to be it, hopefully not.

    if the spread really starts to spike to the u.s. then i just don't see how the market does not start reacting.

    i just feel this market is extremely complacent right now up here at ATHs. just my worthless 2c carry on :p
     
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  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Haha just too much liquidity provided by the FED and other central banks for this market to have a big pullback at this moment in my opinion and like you said it is an election year :p Q1 GDP around the world will take a hit in Q1 due to China, we just don't know how big it is going to be. They are saying the Q1 US GDP will take a 0.2% hit due to China, if the hit is bigger than expected then maybe we will see some pullback in this market :p

    I don't mind this market pulling back a little bit but definitely not hoping it would be because of the virus is spreading everywhere. I heard that the virus can be killed when the weather is hot, which is not such a good news since summer is still a few months away.
     
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  6. bigbear0083

    bigbear0083 Content Manager
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  7. bigbear0083

    bigbear0083 Content Manager
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    Good Wednesday morning traders and welcome to a new day, fresh start!

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

    Hope everyone in here has a great trading day ahead! :)
     
    stock1234 likes this.
  8. bigbear0083

    bigbear0083 Content Manager
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    Morning Lineup - 2/12/20
    Wed, Feb 12, 2020

    The S&P 500 closed at another record high yesterday, so we wanted to take this opportunity to provide an update on market breadth in terms of S&P 500 industry groups. As of yesterday's close, 79.2% of the 24 groups were above their 50-DMA which isn't an especially strong reading for a market at record highs. One caveat here, though, is that three of the five industry groups below their 50-DMA are within 1% of that level (Telecom Services, Banks, and Food & Staples Retail), so those three could easily top their 50-DMA with just one good market day. The only other two groups below their 50-DMAs are Energy and Autos which are both more than 5% below their respective levels.

    [​IMG]
     
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  9. bigbear0083

    bigbear0083 Content Manager
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    The SPX is up over +4% this month thus far. feb. is historically a weak month for the market, that actually hasn't been the case over the past 10 years. interestingly, this month happens to be the strongest of the year over the past decade. so far that's been holding true. :p

    [​IMG]
     
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  10. bigbear0083

    bigbear0083 Content Manager
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    just ran across this interesting stat as well how new highs can happen in clusters that could last decades.

    who knows when this raging bull ends, but could we actually only be in the 5th inning rather than the 8th or 9th? :p

    [​IMG]
     
    Three Eyes and stock1234 like this.
  11. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    We are getting close, less than 2% away for the Dow and less than 3% away for the NASDAQ :eek:
     
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  12. bigbear0083

    bigbear0083 Content Manager
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    They better come up with a snazzy looking cap for Dow 30K :p

    20K thru 29K have all looked the same :p
     
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  13. bigbear0083

    bigbear0083 Content Manager
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    btw, this is going to be another great call from you @stock1234. i know you have been looking for 30k and 10k for the dj30 and nazzy respectively for a while now. it's amazing what the markets can do when you've got the global central banks/fed literally pedal to the metal :p

    bears like myself can moan all we want about how this market has no business being up here, and is highly overdue for a nice meaningful and healthy correction, but that all gets thrown out the window when the fed has your back i guess haha :D
     
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  14. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Haha yeah when there is so much liquidity proved by the central banks, it is really hard to bet against the market, learned it from the periods of QE :p
     
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  15. bigbear0083

    bigbear0083 Content Manager
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    Another "Delay" in the Value Trade
    Wed, Feb 12, 2020

    How many times over the last few years have you heard something to the tune of "The time for value stocks to outperform is now." Well, we're still waiting. The chart below shows the relative strength of the S&P 500 Value Index versus the S&P 500 Growth Index going back to 1995. A quick warning: if you have a sensitive stomach you may want to skip the chart altogether.

    [​IMG]

    From 1995 right up to the bull market peak in 2000, value stocks couldn't catch a break as they steadily underperformed growth stocks. Those were the days when Energy as a sector was 'dead' and investors couldn't get enough of tech IPOs with trendy sounding names. The low for value stocks on a relative basis came on 3/27/00, and from there the reversal was swift. By April of 2001, value stocks had regained nearly all of the ground they lost relative to growth during the late 1990s. Unfortunately for investors in both types of strategies, the outperformance in value wasn't the result of a monster rally, but instead a massive decline in growth stocks.

    From April 2001 through late 2002, value stocks underperformed again as the Worldcom and Enron accounting scandals cast a pall over sectors like Telecom Services and Utilities - two sectors traditionally comprised predominantly by value stocks. As the dust settled on those two scandals, though, and the economy stabilized, value stocks rallied again as Energy, Financials, and Materials stocks boomed.

    As the Financial sector began to unravel in 2007 and oil prices peaked in 2008, value stocks once again cratered relative to growth. Growth has maintained its lead over value ever since. Outside of some periods where value stocks briefly popped and strategist after strategist came out and said this time the rally is for real, growth stocks have left value stocks in the dust. Just last year, the underperformance of value stocks marked a major milestone as they took out their lows in relative strength versus growth stocks. While the S&P 500 Value Index saw a modest bounce towards the end of last year, any momentum it had has quickly been erased in 2020 as the ratio between it and the S&P 500 Growth index is now at fresh lows.
     
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  16. stock1234

    stock1234 2017 Stockaholics Contest Winner

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  17. bigbear0083

    bigbear0083 Content Manager
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  18. bigbear0083

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    Good Thursday morning traders and welcome to a new day, fresh start!

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

    Hope everyone in here has a great trading day ahead! :)
     
    stock1234 likes this.
  19. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Market tuned green :eek: I think I have said too many times already, can’t really see this market having meaningful correction if the central banks continue to provide liquidity As for the situation in China, the Chinese government probably is under reporting the number of cases. Even here in Hawaii, the Asians bought up all of the masks and there is none available in the stores now :eek:
     
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  20. bigbear0083

    bigbear0083 Content Manager
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    ^^ so you are telling me bad news is great news for the stock market? :D

    yeah, it really is hard to see any kind of meaningful pullback in this market as long as the forces that be (aka, fed/trump/you name it) are backstopping every little down tick we have in this market.

    this has been a BTFD market for as long as i can remember.

    i'll tell ya though, it will truly be a spectacular sight when that no longer works :cool:

    when that music stops playing is really anyone's guess, but we know that will not be forever.

    at some point this market will correct, and correct BIGLY.

    however, i guess until then we just ride this bloated market higher and higher and higher :p

    lately however BTFD has turned into BTFATH (buy the fucking all time high) haha. :D
     
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