Stock Market Today: February 27th - March 3rd

Discussion in 'Stock Market Today' started by Stockaholic, Feb 24, 2017.

  1. StockJock-e

    StockJock-e Brew Master
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    Nice pay day for them!
     
  2. Stockaholic

    Stockaholic Content Manager

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    haha yea no doubt ain't that the truth.

    also nice to see Rock checking in!
     
  3. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    maan i tried to get filled at market open price for snap when it opened, i couldnt get filled till 24.86 -_- ...so i pretty much just sold it at 25 for basically no gain, that was crazy, it opened at 24 and couldnt get filled till it shot all the way up to 24.86 lol.
     
  4. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Haven't seen the Dow down triple digits and the SPX down double digits for awhile :D
     
  5. Rock Sexton

    Rock Sexton Meat Popsicle

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    Just curious - what time did it fill?
     
  6. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    11:20am
     
  7. Stockaholic

    Stockaholic Content Manager

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  8. StockJock-e

    StockJock-e Brew Master
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    Stockaholic likes this.
  9. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    SNAP is having a very good second day of trading :eek:
     
  10. Stockaholic

    Stockaholic Content Manager

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    yellen and a couple other fed heads scheduled to speak at this 1pm eastern hour...
     
  11. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Reactions pretty muted after the comments from Yellen. The yields and the dollar actually moved a little lower even after Yellen put the rate hike this month on the table. Unless we have an extremely bad jobs report next Friday, looks like we will see a hike this month
     
  12. Stockaholic

    Stockaholic Content Manager

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    • YELLEN: MARCH HIKE APPROPRIATE IF ECONOMY EVOLVES AS EXPECTED
    • YELLEN SEES NO EVIDENCE FED HAS `FALLEN BEHIND THE CURVE
    • YELLEN SAYS RISKS FROM ABROAD `APPEAR TO HAVE RECEDED SOMEWHAT
    • YELLEN CALLS HIRING QUITE SOLID, ECONOMIC OUTLOOK ENCOURAGING
    The last week has seen March rate-hike odds suddenly explode from low 20s to over 90% as Harker, Dudley, Williams, Bullard, Kaplan, Brainard, and Powell unleashed hawkish hell. However, this morning Fed's Evans noted the need for accomodation, and Bullard was notably dovish, as the market prepares for Yellen to either prick the Trump bubble or play along.

    [​IMG]

    The hawkish parade:

    03/02: Powell: MARCH RATE INCREASE IS ON TABLE FOR DISCUSSION, THREE RATE INCREASES STILL FEELS RIGHT THIS YEAR but (ASSET PRICES HAVE HAD QUITE A RUN)

    03/01: Brainard: RATE HIKE 'WILL LIKELY BE APPROPRIATE SOON', B/SHEET POLICY TRANSITION WARRANTED AS RATES RISE

    03/01: Kaplan: ECONOMY IS STRONG ENOUGH FOR GRADUAL RATE RISES, MKT ANTICIPATING PROBABILITY OF INTEREST-RATE INCREASES

    02/28: Bullard: SAYS 'AGNOSTIC' WHEN THE ONE HIKE WILL OCCUR, FED HAS ESSENTIALLY ACHIEVED ITS DUAL MANDATE

    02/28: Williams: STARTING HIKES SOONER WOULD GET US TO BASELINE FASTER, DOESN'T SEE NEED TO DELAY ON HIKING, I DON'T THINK THE STOCK MARKET IS WAY OUT OF WHACK

    02/28: Dudley: SAYS FED DOING PRETTY WELL ON TWO MANDATED GOALS, CASE FOR TIGHTENING HAS BECOME A LOT MORE COMPELLING, RELATIVELY NEAR FUTURE

    02/28: Harker: 3 INTEREST-RATE HIKES ARE APPROPRIATE THIS YEAR, U.S. ECONOMY IS MORE OR LESS `BACK TO FULL HEALTH'
     
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  13. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Maybe the FED isn't behind the curve comment is helping to push he yields and the dollar a little lower :p
     
  14. Baggi

    Baggi Active Member

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    Hourly candles looking bullish right now for EOD trading.
     
  15. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    XLF at HOD, not shocking with the rate hike looking more and more likely
     
  16. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    A flat market but the VIX down almost 6% :eek:
     

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