Stock Market Today: February 5th - 9th

Discussion in 'Stock Market Today' started by Stockaholic, Feb 2, 2018.

  1. Rock Sexton

    Rock Sexton Meat Popsicle

    Joined:
    Apr 6, 2016
    Messages:
    582
    Likes Received:
    618
    Essential long positions for creating support cannot be built with such wild swings due to the absence of full orders being filled.

    The action is essentially getting away from the market makers for short term volatility trades.
     
    #141 Rock Sexton, Feb 6, 2018
    Last edited: Feb 6, 2018
  2. Ken34

    Ken34 2017 Stock Picking Contest Winner

    Joined:
    Apr 4, 2016
    Messages:
    1,039
    Likes Received:
    723
    wow what a day....
     
  3. AverageJoesTrades

    AverageJoesTrades Well-Known Member

    Joined:
    May 24, 2016
    Messages:
    1,130
    Likes Received:
    624
    Am I missing something or is SVXY not being liquidated? Looks like the article I read got taken down and I can't find a release where Proshares is stating termination like CS did on XIV?
     
  4. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

    Joined:
    Dec 14, 2017
    Messages:
    485
    Likes Received:
    633
    Not dead yet. Still very much alive.

    http://www.proshares.com/news/svxy_statement.html
     
  5. Stockaholic

    Stockaholic Content Manager

    Joined:
    Mar 29, 2016
    Messages:
    13,767
    Likes Received:
    7,050
  6. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,959
    Likes Received:
    1,813
    $20 move since 6:00 am

    es.png
     
    Stockaholic likes this.
  7. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,959
    Likes Received:
    1,813
    couldn't get in since I was making coffee...damn you coffee!!
     
    Stockaholic likes this.
  8. Stockaholic

    Stockaholic Content Manager

    Joined:
    Mar 29, 2016
    Messages:
    13,767
    Likes Received:
    7,050
    are we in for another one of these today? o_O

     
    OldFart likes this.
  9. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,959
    Likes Received:
    1,813
    It's definitely crazy right now. Hard to get a handle on it.
     
  10. Stockaholic

    Stockaholic Content Manager

    Joined:
    Mar 29, 2016
    Messages:
    13,767
    Likes Received:
    7,050
    Good morning Stockaholics!

    The pre-market thread is now up-
    [​IMG] <-- click there to read!

    Hope everyone has a good trading day ahead today!
     
    OldFart likes this.
  11. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    8,448
    Likes Received:
    3,268
    Well, it's red, but not the >1% we've been seeing every day

    upload_2018-2-7_7-25-15.png
     
    OldFart likes this.
  12. Steven_Burt

    Steven_Burt 2019 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    449
    Likes Received:
    488
    I thinking SPY fails at the ma50 on the daily
     
    stock1234, OldFart and Stockaholic like this.
  13. Ken34

    Ken34 2017 Stock Picking Contest Winner

    Joined:
    Apr 4, 2016
    Messages:
    1,039
    Likes Received:
    723
    welp, sold my LABU for a hefty gain, was tempting to stay in, but holding x3 levereged etfs in a volatile market is always a bit worrisome lol.

    if we get another wild ride back down, i will be there waiting to buy again.
     
    stock1234, StockJock-e and OldFart like this.
  14. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    9,524
    Likes Received:
    3,526
    SNAP doing its thing
     
    OldFart and stock1234 like this.
  15. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,584
    Likes Received:
    4,619
    Nice rally again after that terrible Monday :eek: Yields are rising again though, could give some trouble to equities again if rates continue to rise especially those high flying tech stocks. NASDAQ seems to be lagging today
     
    OldFart likes this.
  16. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    4,319
    Likes Received:
    3,375
    WTW taking off. Going to offer free memberships to teenagers, as young as 13? Setting sales goal of $2B ($1.25B ttm).

    This is seriously outperforming NTRI.
     
    OldFart likes this.
  17. Stockaholic

    Stockaholic Content Manager

    Joined:
    Mar 29, 2016
    Messages:
    13,767
    Likes Received:
    7,050
    Historically a Slow Road to Recovery After DJIA and S&P 500 Daily Losses of 4% or More
    [​IMG]
    Monday’s greater than 4% declines by DJIA and S&P 500 was just the 98th such time since 1930. To put this number into context, the market has traded a total of 23,130 days since then as of today. The last time DJIA and S&P 500 both declined more than 4% in a single day was in August 2011 when U.S. government debt was downgraded. Prior to then, there were numerous occurrences throughout the financial crisis of 2008 and into early 2009.

    Historically, both DJIA and S&P 500 were already in downtrends a vast majority of the time when the 4% or greater single-day losses took place. This is visible in the chart of DJIA and S&P 500 performance 30 trading days before and 60 trading days after above and in the 3-Month performance before the decline in the tables below.

    Comparing the historical record from 1930 to present or 1950 to present, performance 1-month after the decline is mixed. Average performance is slightly positive and DJIA and S&P 500 are higher only slightly better than half of the time. After 3-months, frequency and magnitude of gains improves, but remain tepid. Further modest improvement is seen at 6-months. However, a full year after there is a significant jump in frequency and average performance especially since 1950.

    [​IMG]

    [​IMG]
     
    stock1234 and OldFart like this.
  18. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,584
    Likes Received:
    4,619
    Market holding up very well despite higher interest rates :eek: Of course it could be another big test when the 10 year gets closer to 3% :D
     
    OldFart likes this.
  19. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,584
    Likes Received:
    4,619
    Ok now some selling into the close :D
     
    OldFart likes this.
  20. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,959
    Likes Received:
    1,813
    algo's were fighting each other all day long

    rock_em.jpg
     
    Jrich and stock1234 like this.

Share This Page