Stock Market Today: February 13th - 17th

Discussion in 'Stock Market Today' started by Stockaholic, Feb 10, 2017.

  1. StockJock-e

    StockJock-e Brew Master
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    What a political shit show today.

    Gen Flynn resigning because he said he had no contact with Russia, and then it turns out, after weeks of leaks proving he has, that he actually did.

    The resignation comes along with all the plausible deniability from the administration we can expect, topped with some sprinkles which is the House Oversight Committee saying ".. there is no need to investigate further".

    All this goodness and its only week 3! :D
     
  2. Baggi

    Baggi Active Member

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    A bunch of liberals killed themselves today after they realized Trump gets to pick another adviser.

    Last night they kept chanting "One Down!" And when they woke up this morning and realized it's like the horror movie monster you can't kill, they off'd themselves.

    :D
     
  3. Stockaholic

    Stockaholic Content Manager

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  4. Baggi

    Baggi Active Member

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    Got filled here at the end of the day.
     
  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

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  6. Baggi

    Baggi Active Member

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    We just keep screaming higher even after hours.
     
  7. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Yellen testifies tomorrow, and a couple more Fed members speaking. They may try to talk up the odds of a rate hike, people saying 31% by March is low. Of course, it's just talk.
     
  8. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    all i got to say is im loving my BAC position right about now LOL!
     
  9. Stockaholic

    Stockaholic Content Manager

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  10. T0rm3nted

    T0rm3nted Moderator
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    World markets and pre-market heading into today's trading session:

    upload_2017-2-15_7-52-49.png

    upload_2017-2-15_7-53-10.png
     
  11. Stockaholic

    Stockaholic Content Manager

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    Yellen to take to the podium again this morning @ 10am eastern.
     
  12. StockJock-e

    StockJock-e Brew Master
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    Wall Street to edge down at open; Yellen testimony awaited
    http://www.reuters.com/article/us-usa-stocks-idUSKBN15U1J0

    U.S. stocks were set to open slightly lower on Wednesday, after a recent spate of record highs, as investors assessed upbeat economic data that strengthened the prospect of an interest rate hike.

    Federal Reserve Chair Janet Yellen said on Tuesday, before the U.S. Senate Banking Committee, that delaying a rate hike would be unwise, but did not indicate when the Fed would raise rates.

    While she painted a largely upbeat picture of the economy, she also expressed uncertainty over economic policy under the Trump administration.

    Yellen's testimony before the House Financial Services Committee on Wednesday will be scrutinized for further clues on when the central bank might pull the trigger, as will be comments by three Fed presidents at other scheduled appearances.

    Some Fed officials have said it would be prudent to move sooner than later, but traders have priced in a slim chance of a rate hike at the Fed's March meeting.

    "Yellen's hawkish stand yesterday was well received as investors focused on the upbeat assessment of the economy," Peter Cardillo, chief market economist at First Standard Financial wrote in a note.

    Adding to the recent spate of strong data, reports on Wednesday showed retail sales rose much more than expected last month, while the consumer price index notched its biggest rise in nearly four years as households paid more for gasoline and other goods.
     
  13. StockJock-e

    StockJock-e Brew Master
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    I dont usually watch these, but this one I will be paying attention to! :D
     
  14. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    wow, what a move by BAC again, amazing week so far!

    i heard ichan got out of FCX and buffet got out of walmart, interesting.
     
  15. Baggi

    Baggi Active Member

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    So, did Yellen have anything interesting to say?
     
  16. Stockaholic

    Stockaholic Content Manager

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    meh...not really...nothing new today.

    [​IMG]
     
  17. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    This market seems like just want to go higher everyday :rolleyes:
     
  18. Stockaholic

    Stockaholic Content Manager

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    kind of reminds me of the movie groundhog day lol ... it's literally the same thing everyday. :confused:
     
  19. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Seeing XIV being -2.5% today, and trading above-average volume; maybe VIX will start picking up.
     
  20. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    man this rally is insane, wow!

    i find it interesting the VIX is up 7%, people must be getting scared, the market keeps making new highs and keeps the momentum going, they fear we may be at a top right now.
     

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