Stock Market Today: February 12th - 16th, 2018

Discussion in 'Stock Market Today' started by Stockaholic, Feb 9, 2018.

  1. Stockaholic

    Stockaholic Content Manager

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    likewise, i thought we'd retrace to halfback of the down move and test the 50-day (which it looks like we're doing right now) still thinking this gets taken back. 2743 is the 61.8% fib level. i think if it were to get over that convincingly then all bets are off. could be a V-shaped recovery back to, dare i say it, new highs at some point. :p

    [​IMG]
     
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  2. Stockaholic

    Stockaholic Content Manager

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    Good Thursday morning to everyone!

    The pre-market thread has been posted-
    [​IMG] <-- click there to read!

    Here's to a great trading day ahead to everyone in here today!
     
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  3. OldFart

    OldFart Well-Known Member

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  4. Stockaholic

    Stockaholic Content Manager

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    @OldFart

    thx oldie! happy to report that his recovery is going surprisingly well! it was quite the scare yesterday though. phew!
     
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  5. StockJock-e

    StockJock-e Brew Master
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    Whats with flu season this year?

    Super flu!
     
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  6. Stockaholic

    Stockaholic Content Manager

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    was that a successful test of the daily 50sma? will interesting to see if it can overtake it. bouncing off for now.

    [​IMG]
     
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  7. Steven_Burt

    Steven_Burt 2019 Stockaholics Contest Winner

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    I got it now, haven't been sick in years. I can report it sucks lol
     
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  8. Stockaholic

    Stockaholic Content Manager

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    @Steven_Burt

    dang. :( here's to hoping for a speedy recovery steve!
     
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  9. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Dunkin Donuts DNKN with 3 times normal volume, moving pretty strongly a couple days now.

    @Steven_Burt hope you have a quick recovery
     
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  10. Frankenstein

    Frankenstein Well-Known Member

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    T + 2 settlement. So, I buy a stock on Monday morning and sell it on Monday afternoon. That's the "T" or the trading day. T + 1 = Tuesday. T + 2 = Wednesday. Does that mean, for example, that I can buy and sell with that money on Wednesday? I am thinking it settles on Wednesday and the money actually belongs to me on Thursday. And so, Thursday is when I could buy and sell on the same day, if I want, with that money. Is my my thinking about Thursday being the actual day I could do whatever with my money correct? I've never been really able to clarify this question precisely for some time now
     
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  11. OldFart

    OldFart Well-Known Member

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    Does your broker list " settled cash for trading" in your accounts tab?
    I know Scottrade used to and so did Optionsxpress ( both bought out by the way ).
     
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  12. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    I think T + 2 means your trade is settled on Wednesday if you sell on Monday, and you can use that cash to buy and sell on Wednesday. I think it used to be T + 3 for stock trading based on the link below but now it is a day shorter for the settlement date

    https://www.sec.gov/news/press-release/2017-68-0
     
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  13. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    @Steven_Burt Hope you get well soon Steven. Also @bigbear0083 good to hear that your dad is doing much better now
     
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  14. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Indexes are very green. XLU (Utilities) doing great today after getting beaten up by rising interest rates lately while XLE (Energy) is having a pretty bad day
     
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  15. Stockaholic

    Stockaholic Content Manager

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    dollar back sub 89 again ... lookin' like it might wanna see new lows soon o_O

    [​IMG]
     
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  16. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    If the dollar continues to get weaker and we don’t have rapid rise on interest rates, it should bode well for this market to continue to go higher :eek: Multinational big caps should outperform small caps too.
     
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  17. Stockaholic

    Stockaholic Content Manager

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    here's a quick view of the major indices comparison since the correction started.

    the nasdaq has been outperforming the other majors back, now only about 3% away from ATHs

    [​IMG]
     
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  18. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    The dollar index could be making a new 52 week low soon :p
     
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  19. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Yeah tech names like AAPL and NFLX has rallied pretty hard for the past few sessions :eek:
     
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  20. Frankenstein

    Frankenstein Well-Known Member

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    Ok. I did some more research and I think I answered my own question. For stocks, T + 2 applies [for a cash account]. The T + 2 means = trading day together with two days following. Those three days constitute the settlement cycle. So, in the above example, I can buy and sell shares of ABC on Monday and then buy DEF shares with that money on Monday. But I cannot sell DEF shares during the settlement cycle--I cannot sell those shares on Monday, Tuesday or Wednesday. I can only sell DEF shares on Thursday--at the earliest.
     

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