Here are a couple of the companies coming out with ERs after today's close and before tomorrow's open. After Market Close today: ($AMKR $GIG $ACGL $RCII $NBL $FLO $RNG $GPOR $NVTA $CHGG $AGII $BRX $BKD $TTOO $NBLX $CSOD $FRT $GUID) Spoiler: CLICK HERE FOR THE EARNINGS TIMES & ESTIMATES! Before Market Open tomorrow: ($TMUS $INCY $TAP $DPS $AMAG $DBD $TTS $VG $TRU $MSLI $MLM $IPGP $GNRC $RDCM $SALE $CS $CPLA $WSO $DSX) Spoiler: CLICK HERE FOR THE EARNINGS TIMES & ESTIMATES!
I gotta be super honest here but I'm actually quite shocked we haven't taken much of a breather/pause up here yet ... I was personally expecting some chop/consolidation up at these levels. But, I wasn't expecting any major pullback/correction to commence yet as I did feel we'd hold these highs up to at least the tax cut announcement. But, the markets are really pricing in some seriously awesome news here. I am really curious to see what comes of this. It's been quite some time since I remember a market like this. I'm hesitant to compare this to the Y2K tech boom. Obviously, different times. And no where is this even comparable to the euphoria that was seen in the late 90's (or at least not yet anyway). But, I'll have to be absolutely honest here -- I am starting to sense some "optimism" creeping into the markets, which I'd say is about the 8th inning of a bull cycle. The euphoria typically follows right after. But, I still I don't see any kind of euphoria in the air yet which is good for the markets at least for now.
Price continues to take off but there's little volume. This is not good to me in theory either, but we know price can keep drifting up (with the trend) until something starts pushing it down. First thing is what will happen tomorrow with Yellen speaking.
All the major U.S. indices with an ATH close today. Even the Transportation index eked out a new high. Curious to see what Yellen brings tomorrow as well. Got a few other fed heads speaking as well. The small caps Russell 2k index with what almost looks to be kind of like a shooting star candlestick today? Perhaps @Value543 our RUT man can shed some more light on that one.
Yeah definitely feel like more and more people are getting bullish and more bears are giving up, we will see if we will actually see the sell the news event once the tax cut proposal is announced or the party continues and leading to the euphoria in the market . Trump better announce something really "phenomenal" like he claimed though or the market could be in trouble lol
Sector rotation is probably all it is. And it does seem like euphoria at this point. I mean, we haven't had much of a correction in some time. I just hope I'm able to survive.
S&P 500 sets record for a third straight day https://www.bostonglobe.com/busines...traight-day/eR4iUbdTpdht2ZSD6aVAOJ/story.html Stocks continued to march higher around the world on Monday, with the Standard & Poor’s 500 index again setting a record. Strong gains for Citigroup and other financial stocks helped the S&P 500 rise 0.5 percent to 2,328.25. It was the third straight day the index set a record. The Dow Jones industrial average gained 0.7 percent to 20,412.16. The Nasdaq composite climbed 0.5 percent, to 5,763.96. Stocks have resumed their rally in recent days after stalling for a couple weeks. Stronger-than-expected company profits, continued improvement in the US economy, and expectations for business-friendly policies from Washington have helped propel the market.
In contrary, I think market up with a huge volume is more of a warning sign. It means everybody including the average Joe, grandma and grandpa are jumping in for a piece of pie. The Chinese A share market is a classic example. Before it tumbled in 2015, every folks on the street were in the market one way or another.
I think low volume at the top of the Bollinger Band is a poor sign for continued move up, and that is what we have the last 3 days here. If we had high volume at the top of the Bollinger, that could be theoretically good (would want to take a look at the candle close). As for the Chinese market in 2015, not sure if their high volume was at top of Bollinger or in the middle. If we keep drifting up here, then maybe we can soon get that -1% daily move.
As for long-term tops, they aren't made with high volume. Check it out. Also, during the housing bubble top, it took the banksters about one year to accomplish their distribution to the public.
Good Tuesday morning Stockaholics! Happy Valentine's Day! Here are your pre-market stock movers & news on this Tuesday- 2/14 Tuesday Market Movers & News: HUM, AET, GM, PLKI, DISCA, GILD, JNJ, FCX, WMT, HIBB, RCII <-- click there to view! Happy trading day to all of you in here. Hope y'all make some good $$$ today!
I'm so annoyed I missed this move this morning. The hourly chart was perfect for lift off. Too busy these days with paperwork and other crap for all my stolen belongings. But this is a rather parabolic move higher. Going to have to find another place to get short here. Patience Padawan.
I'm going to try a short here at 2335. See if I get filled. Keeping in mind that this market can keep going up longer than I can remain solvent.
Good luck I think I will consider shorting only after the tax cut proposal is announced and the VIX at single digit
