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Stock Market Today: February 3rd - 7th, 2020

Discussion in 'Stock Market Today' started by bigbear0083, Jan 31, 2020.

  1. Frankenstein

    Frankenstein Active Member

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    From the charts, a meaningful buy long doesn't start until it hits 3225. Non-above that represents your call as to how you want to buy--or at what level [if you are too aggressive, you miss out on an entry] but 3225 is the key for those who think or trade in a certain way that is
     
    stock1234 likes this.
  2. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Not doing much today, bought some GOOS last Friday and sold it for 5% profit earlier today. Not sure how long the market will keep reacting to the coronavirus headlines, but pretty sure the crisis of this virus hasn't peaked yet. Hopefully they will be able to contain the virus in China soon though.
     
    OldFart and bigbear0083 like this.
  3. Frankenstein

    Frankenstein Active Member

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    Yea, I just use my theory to play the indexes like the SPX. But, I should think about doing the same with other things though
     
    stock1234 likes this.
  4. bigbear0083

    bigbear0083 Content Manager
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    Best and Worst Performing S&P 500 Stocks YTD
    Mon, Feb 3, 2020

    The average stock in the S&P 500 is currently down 0.65% year-to-date. There are 34 stocks in the index up 10%+ year-to-date, while there are 61 stocks that are down 10%+. As shown, L Brands (LB) ranks first at this point in 2020 with a year-to-date return of 26.2%. (Note that while Tesla (TSLA) is up 85% year-to-date and has a market cap that's larger than 90% of the index, it's not yet in the S&P 500.) Paycom (PAYC) and ServiceNow (NOW) rank 2nd and 3rd with gains of more than 20%, while Lennar (LEN) and TransDigm (TDG) round out the top five. Other notables on the list of this year's biggest winners include Progressive (PGR), PulteGroup (PHM), salesforce.com (CRM), Albemarle (ALB), and Amazon.com (AMZN).

    [​IMG]

    While there are three stocks up 20%+ YTD, there are four that are already down 20%+. TechnipFMC (FTI) is down the most at -21.85%, but Capri Holdings (CPRI) is not far behind at -21.32%. Diamondback Energy (FANG) and ViacomCBS (VIAC) are the other two stocks down 20%+. Other notables on the list of biggest losers so far in 2020 include DuPont (DD), Phillips 66 (PSX), Advance Auto Parts (AAP), Schlumberger (SLB), VF Corp (VFC), Dow (DOW), Kohl's (KSS), Carnival Corp (CCL), and United Airlines (UAL).

    [​IMG]
     
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  5. bigbear0083

    bigbear0083 Content Manager
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  6. 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, Three Eyes and OldFart like this.
  7. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    wow, last night was a mess for the Dems and a huge boost for the Don. Word is that Biden won, but they don't want to confirm it... market is buying this up!
     
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  8. T0rm3nted

    T0rm3nted Moderator
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    LOL the word is definitely not that Biden won. He's either finished 4th or 5th place in Iowa. Definitely a mess for the dems though.
     
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  9. OldFart

    OldFart Well-Known Member

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    I think the DNC is trying to figure out how to make Bernie "feel the burn" once again...lol
     
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  10. Frankenstein

    Frankenstein Active Member

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    I thought I might have another shot to enter meaningfully long--but missed out, due to this gap up. So, I don't like this level for a long entry--it goes against my trading philosophy. So, the market is no longer interesting to me
     
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  11. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Definitely was embarrassing for the Dems last night :eek:
     
  12. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Looks like we have erased all of the losses from last Friday :eek: As long as the global central banks continue to pump liquidity into the market, a big crash isn’t likely to happen :p
     
  13. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Madness for TSLA, not too far way from reaching $1K per share, crazy :eek:
     
  14. bigbear0083

    bigbear0083 Content Manager
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  15. 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 today! :)
     
    stock1234 likes this.
  16. bigbear0083

    bigbear0083 Content Manager
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    Are Yields Near a Bottom?

    The 10-year U.S. Treasury yield moved to within .05% of its recent low on Friday, January 31, approaching the 1.47% mark set back in August 2019. Prospects of stabilizing global growth and progress on trade encouraged yields to start pressing higher over the last four months of 2019; however, fears of the potential economic damage from efforts to contain the spread of the coronavirus steered investors back to the relative safety of Treasuries.

    While recent declines may make it appear yields are destined to push lower, large swings in Treasury yields, both higher and lower, have been normal. As shown in LPL Chart of the Day, since the early days of the 2007–2008 financial crisis, the 10-year Treasury yield has made 15 moves of at least 0.75%, averaging a reversal about every 300 days or so, or a little less than once a year.

    If we don’t break through the recent low of 1.47%, then the last move lower would be about average: a decline of 1.77% over 293 days, which is close to the average decline of 1.63% over 297 days. While we have had larger moves down, historically, a meaningful move higher would be entirely normal.

    “The 10-year Treasury yield looks low to us relative to U.S. economic fundamentals and firming global growth,” said LPL Research Chief Investment Strategist John Lynch. “While we remain mindful of the risk of increased market volatility, which would probably drive yields lower, we maintain our 2020 forecast range of 2–2.25%.”

    [​IMG]
     
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  17. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Well looks like the liquidity provided by global central banks continue to push this market higher :p I continue to think it will be tough for this market to crash unless something goes really wrong (like a US recession?) :p
     
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  18. bigbear0083

    bigbear0083 Content Manager
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    off-topic here -- but just had a tornadic system roll through my area today that brought some destruction around my neighborhood...very fortunate for us though that we were pretty much unscathed, i honestly don't know how tbh lol.

    just got my power back on now too which is nice...needless to say i haven't been able to follow today's market action at all. wild day around here. have i missed anything newsworthy, or is it pretty much status quo from yesterday? :p
     
    Three Eyes likes this.
  19. bigbear0083

    bigbear0083 Content Manager
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    btw, i probably won't be able to set up the NFP poll today. we get that in the AM tomorrow right? what's the sentiment around that one? adp was surprisingly hot the other day, so have all the other employment indicators such as the ism sub components and job claims this morning i think was a pretty huge beat. so guessing we're all thinking beat for tomorrow? what does that mean for the fed and the market? probably nothing i guess haha. :p
     
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  20. bigbear0083

    bigbear0083 Content Manager
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    January Employment Report Preview
    Thu, Feb 6, 2020

    After a much better than expected ADP Private Payrolls report on Wednesday and today’s Jobless Claims report, which was the lowest since last April, US employment data has really shown signs of improvement after a shaky December. While a strong labor market would normally stoke fears of a tighter Fed, there is widespread agreement that Powell and Co. will not be raising rates anytime soon. Eventually, that will change, but until it does, the market is reacting positively to positive economic news.

    Heading into tomorrow’s Non-Farm Payrolls report, economists are expecting an increase in payrolls of 163K, which would be an 18K decline from December’s reading of 145K. In the private sector, economists are expecting a similar increase relative to December with a reading of 150K. Job growth in the manufacturing sector is expected to decline by 1K compared to December’s reading of –12K. With expected job growth right around 150K, economists are expecting the Unemployment Rate to stay unchanged at 3.5% while average hourly earnings are forecast to increase 0.3% compared to December’s anemic growth rate of just 0.1%.

    [​IMG]

    Ahead of the report, we just published our eleven-page preview of the January jobs report. This report contains a ton of analysis related to how the equity market has historically reacted to the monthly jobs report, as well as how secondary employment-related indicators we track looked in January. We also include a breakdown of how the initial reading for January typically comes in relative to expectations and how that ranks versus other months.
     
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