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Stock Market Today: January 28th - February 1st, 2019

Discussion in 'Stock Market Today' started by bigbear0083, Jan 25, 2019.

  1. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Initial reaction after the FED is stocks higher, dollar and yields lower and gold higher. Will see if it will hold though since the initial move after the FED seemed to be wrong most of the time and we have press conference coming up :p
     
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  2. bigbear0083

    bigbear0083 Content Manager
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    who was it on here that was looking for that 2700ish target on this up move? think it was @Steven_Burt if i ain't mistaken? that was a nice call. :cool:
     
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  3. Steven_Burt

    Steven_Burt Well-Known Member

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    LOL ^^^ I was looking for 2700. I was just about to post that I am looking for a good short entry now.
     
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  4. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Fed Chair Jerome Powell says the case for raising interest rates ‘has weakened’

    • Fed Chairman Jerome Powell came out with his strongest statement to date that the central bank is changing its tune on interest rate hikes.
    • “The case for raising rates has weakened somewhat,” Powell says.
    • The FOMC left its benchmark and said it would take a “patient” approach toward further hikes.

    https://www.cnbc.com/2019/01/30/fed...-for-raising-interest-rates-has-weakened.html

    Wow the FED getting very dovish here :eek:
     
    Steven_Burt likes this.
  5. Steven_Burt

    Steven_Burt Well-Known Member

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    I bet TSLA is a miss today.
     
    stock1234 likes this.
  6. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    TSLA, MSFT, FB, and V all reporting AH, should be fun :D
     
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  7. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Cy, looks like the FED day losing streak ends here, the stats the you mentioned yesterday was very interesting ;)
     
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  8. bigbear0083

    bigbear0083 Content Manager
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    Interesting, so we get the worst December for the market since like the early 1900s, now followed by the second best Jan. since '87 (should tomorrow not completely fall apart)...I wonder what February will bring us :p
     
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  9. Steven_Burt

    Steven_Burt Well-Known Member

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    I am sure it exists somewhere, but how are companies doing this ER season? est/act
     
  10. bigbear0083

    bigbear0083 Content Manager
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    Not exactly what you're looking for here, but here are the percent of the companies who are beating est. this quarter compared to prior quarters dating back to 1999...and bottom chart is percent of companies beating on revenue est.

    These 2 charts are not up to date as of today though, it's as of Friday.

    If I find the estimates vs. actual I'll be sure to post it here.

    [​IMG]

    [​IMG]
     
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  11. Steven_Burt

    Steven_Burt Well-Known Member

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    Thank You CY!
     
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  12. bigbear0083

    bigbear0083 Content Manager
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  13. bigbear0083

    bigbear0083 Content Manager
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    Good Thursday to all. Welcome to month end trading!

    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 has a great trading day ahead today on this final trading day of January!
     
  14. bigbear0083

    bigbear0083 Content Manager
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    Morning Lineup – Jobless Claims Surge
    Jan 31, 2019

    After the FOMC came through in a big way for the bulls yesterday, equity futures are quiet this morning. Over in the Nasdaq, things are looking brighter as an 11% rally in Facebook (FB) following its earnings report last night has the stock on pace for its best earnings reaction day in three years! In more global macro data, the President is busy on Twitter this morning discussing the topic of Chinese trade and saying that no deal will be made until he personally meets with Chinese President Xi in the “near future.” Jobless Claims were just released and saying they surged would be an understatement, as they rose from 200K up to 253K, the highest weekly reading since September 2017!

    It wasn’t long ago that the market would seemingly go months on end without a daily move of 1% let alone 2%. With the help of the Fed’s dovish turn yesterday, though, the Nasdaq rallied over 2%, making it the 24th time in the last 100 trading days that the index moved up or down 2% in a single day. That works out to an average of more than once a week!

    The chart below shows the historical 100-day rolling total of occurrences where the Nasdaq saw an up or down move of 2%+. The current level of 24 is now the highest total we have seen since early 2012, and only the fourth such period in the index’s history. Granted, the period in the late 1990s/early 2000s lasted a long time and saw a much higher frequency of 2% at its most extreme points, but these periods of large day to day moves are still relatively uncommon. Just as interesting is how the period from 1972 through the mid-1990s saw so little in the way of big daily moves. But once the late 1990s rolled around, the beast was awoken.

    [​IMG]
     
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  15. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    AMZN reporting today. See if it can go above the 200 ma.

    Cloud stocks like NOW and WDAY are moving up.

    And LITE is not so bad...but SMH resistance at 97.
     
    #55 anotherdevilsadvocate, Jan 31, 2019
    Last edited: Jan 31, 2019
  16. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    MSFT and V falling back below 200 ma after ERs last night. Nearing death crosses.
     
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  17. Steven_Burt

    Steven_Burt Well-Known Member

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    Geez, that 2700 tag was too easy, algo's can be very helpful sometimes.
     
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  18. bigbear0083

    bigbear0083 Content Manager
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    that 2700 target on the cash spx acquired! that was a nice call steve :cool:
     
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  19. Steven_Burt

    Steven_Burt Well-Known Member

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    Watching FB in range here, looking for it to roll over if it gets below the ma(20) on the 5m
     
  20. Steven_Burt

    Steven_Burt Well-Known Member

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    super low risk short here on FB, just needs to open below the 20
     

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