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Stock Market Today: January 27th - 31st, 2020

Discussion in 'Stock Market Today' started by bigbear0083, Jan 24, 2020.

  1. OldFart

    OldFart Well-Known Member

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    LOL...story of my life!
     
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  2. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Looks like stocks pulled back a little from the highs after the FED. Gold and bonds doing well though :eek:
     
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  3. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    The SPX about to turn red, barely in green now :eek:
     
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  4. bigbear0083

    bigbear0083 Content Manager
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  5. bigbear0083

    bigbear0083 Content Manager
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    Good Thursday morning traders and welcome to a new day, fresh start!

    Here is this morning's pre-market movers & 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! :)
     
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  6. bigbear0083

    bigbear0083 Content Manager
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    Morning Lineup - 1/30/20 - Flatter Curves
    Thu, Jan 30, 2020

    Long-term treasuries are rallying this morning on a combination of yesterday's dovish FOMC statement and press conference coupled with a move out of riskier assets on renewed concerns that the coronavirus will have a negative impact on global growth. With the move in US Treasuries, the yield curve (10-year vs 3-month) is on the verge of inverting for the first time since last October as optimism over a global economic rebound has been called into question.

    [​IMG]
     
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  7. bigbear0083

    bigbear0083 Content Manager
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    stock1234 and OldFart like this.
  8. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Market about to turn green, barely in the red now :eek:
     
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  9. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Remarkable turnaround for the market :eek: As long as the FED is in the picture and provides liquidity, it would take a lot for this market to crash in my opinion :p
     
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  10. OldFart

    OldFart Well-Known Member

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    BREAKING NEWS!!!
    :D:D:D:D:D
    corona.jpg
     
  11. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    T0rm3nted and OldFart like this.
  12. bigbear0083

    bigbear0083 Content Manager
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  13. bigbear0083

    bigbear0083 Content Manager
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    Good Friday morning traders and welcome to a new day, fresh start!

    Here is this morning's pre-market movers & 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 final trading day of the week and month ahead today! :)
     
    stock1234, OldFart and Three Eyes like this.
  14. OldFart

    OldFart Well-Known Member

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    stock1234 likes this.
  15. OldFart

    OldFart Well-Known Member

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    Markets look like a "controlled drop" as opposed to a "panic drop"....so far anyway...
     
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  16. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Bond yields getting crushed (again).
    TLT up 7.5% to start the year. As hot as SPY has been, it's only up 0.6% to start the year.
     
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  17. OldFart

    OldFart Well-Known Member

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    /ES support @ 3,235.88
    we'll see if that breaks
    then 3,217.50 area ...
     
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  18. bigbear0083

    bigbear0083 Content Manager
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    ^^ this 100%!

    definitely would side on this being an orderly selloff so far.

    -1.5% day on the indices is nothing really too newsworthy to report (yet).

    i suspect for a lot of the newer traders/investors out there, today must feel like a crash for them, simply because of how long it has been since we have had a nice healthy pullback in this market.

    and for a lot of newer people (and i see this A LOT!) they tend to focus their attention on the dow 30.

    they see that its down -500 or whatever handles that it was earlier, and they're like:

    [​IMG]

    :p

    a -500 handle drop in 2020 is not the same as it was years ago.

    i'm sure the likes of cnbc and others are going absolutely apeshit over this being the worst week for the markets in months.

    ehhh... a -1.5% day is a pretty orderly and average market pullback. its just that we haven't had a day like this in a while so it seems like it's rare. but nah.

    major indices still just 2% or 3% off the ATH. so, i mean we're not really even pulling back that much.

    and yet i hear some people calling this a "correction" or even worse, a "bear market" lmao.

    it's too funny sometimes. :p

    this market was overdue for a much needed pullback, so we're finally getting one. doesn't matter what the "reason" is. the media can point to the wuhan virus or whatever. but i say we were just really due for a pullback personally.
     
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  19. bigbear0083

    bigbear0083 Content Manager
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    oh shit, i just noticed i'm about 10 posts away from crossing over 20K posts on the forum. yowza! :eek:

    quick, someone tell nowwhat from the old HSM of this large round # :p
     
  20. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Got up to use bathroom and saw the pullback. Bought the pullback a little bit when the SPX was down 40 plus points, working ok so far :p
     
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