Stock Market Today: January 29th - February 2nd, 2018

Discussion in 'Stock Market Today' started by Stockaholic, Jan 26, 2018.

  1. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Some selling into the close, seems like we get that 1% drop for the day :D
     
  2. Stockaholic

    Stockaholic Content Manager

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    Here is just a little historical data of the SPX performance after State of the Union speeches by U.S. presidents since 2001-

    [​IMG]
     
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  3. OldFart

    OldFart Well-Known Member

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    That squeeze was short lived
    Lol
     
  4. internationalstocks

    internationalstocks Active Member

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    Target under 26,000 watch
     
  5. T0rm3nted

    T0rm3nted Moderator
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    There it is, that all too familiar color!

    upload_2018-1-31_6-9-43.png
     
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  6. OldFart

    OldFart Well-Known Member

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    it does look like a bear flag forming,but this crazy market is anyone's guess...lol
     
  7. T0rm3nted

    T0rm3nted Moderator
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    Just 1 hour later, all of these have doubled.

    upload_2018-1-31_7-19-23.png
     
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  8. OldFart

    OldFart Well-Known Member

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  9. Stockaholic

    Stockaholic Content Manager

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    Good Wednesday morning to all.

    The pre-market thread has been posted-
    [​IMG] <-- click there to read!

    Hope everyone has a great trading day in here today!
     
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  10. Stockaholic

    Stockaholic Content Manager

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    reminder: fomc announcement @ 2pm eastern today
     
  11. OldFart

    OldFart Well-Known Member

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    pretty much channel bound atm...as the machines play ping pong on the trendlines...

    esmini.png
     
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  12. Stockaholic

    Stockaholic Content Manager

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    Whelp, as we're wrapping up the first month of the year today it will be interesting to see if we will follow history.

    Looking at the numbers - when the SPX is higher in January the rest of the year (next 11 months) is up about +12% on average, which is above the average return of +8% over the final 11 months of the year. However, when January is down, the final 11 months are only up about +1% on average. Here's where this gets interesting. When the first month of the year is up more than +5% (like this year is), the return over the final 11 months sees strength.

    Charts courtesy of LPL Research-
    [​IMG]

    In all the instances where the SPX was up more than +5% at the end of January, the full year return was NEVER lower (higher 12 out of 12 times!) however the average correction was almost -11%, while the smallest intra-year pullback was just over -4% so not exactly smooth sailing.

    [​IMG]
     
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  13. StockJock-e

    StockJock-e Brew Master
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    Utilities had a bad month, Im watching this sector closely.

    If the broader market starts stalling out, will money flow towards the sector that is already taken a hit?

    1 month performance:

    [​IMG]
     
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  14. Stockaholic

    Stockaholic Content Manager

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    markets coming off the highs here and near the lod ... fomc wasn't really anything newsworthy
     
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  15. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Hmm speculating...bond market is doing poorly because of interest rates (similar to utilities), thus investors take money out of bonds and into stocks, then they largely will want dividend stocks (similar to bonds), thus they put money into utilities.

    But by then that could be the top of the stock market, as I'm hearing the next stock bear market will be caused by the bonds (and various forms of debt) crashing. It makes sense because an influx of money from bonds to stocks would provide the liquidity for big boys to cash out.
     
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  16. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Pretty big intraday reversal here :eek: Let’s see if the earnings from big techs can save this market :p
     
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  17. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    When was the last time we had 3 red days in a row by the way? :p
     
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  18. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Gold spiking :eek:
     
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  19. Stockaholic

    Stockaholic Content Manager

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    ding ding ding! and that'll wrap it for the month of jan. and what a month it was even despite the past 2 down days. spx up +5.62% :eek:
     
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  20. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Great month for the bulls indeed :eek: Cy, you have any stats on how February usually fared after a great January? :D
     
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