@everybody What are your thoughts on the 6m to 1yr time frame in the market here. With rates set to rise, I can't but feel we are about to get some normalization, which is going shave off a few percentage points.
Very busy weekend for me here, truth be told I haven't really been keeping in tune with the news much at all until now. So, is this what "they" are attributing today' down move? Interesting. But, we were very much overdue for this kind of day. Let's see if the SPX can snap that 70+ trading days in a row without a -1% move down. If there was ever a day to snap that streak today would certainly be it.
^^ This. While I'm not personally looking for a market crash/meltdown here by any stretch, but I think some sort of healthy correction would make sense here. Honestly, I've been personally shocked that we're even at these levels today. This has gone a little too far too fast IMO. Way too many uncertainties out there... Oh, and I don't normally like to make a big deal out of the VIX, but that was pretty alarming to see on Friday! Very nearly dipped into the 9-handle (on a down day no less!). Crazy.
Have a safe trip and enjoy the break @Baggi Thx for all of your contributions on these threads every week. You're a big part of making these threads happen here. Let us know when you're back! I'll be thinking about you whenever I put out the earnings stuff since I know you use those earnings charts the most around here haha.
Here are the most notable ERs due out after the market close today from the following companies (w/ charts & estimates): ($AEIS $RMBS $BOFI $PKG $IDTI $IEX $CNXC $CR $DHT $SANM $CORT $ARE $HTLF $ISIL $GGG $BCH $GGP $GABC $PFG) Below are the tickers coming out with earnings releases after the market close today with the time of release & estimates- Monday 1.30.17 After Market Close Earnings Releases:
Yep agree we are definitely due to a decent red day after such a long streak of less than 1% down move for the SPX, the market probably just got the perfect catalyst/excuse today It remains to be seen if we will be down 1% today, we are down about 0.98% right now
Went long here in the pound and got almost immediately stopped out. Also long the market here. Man, how did I turn bull after being a bear so long? Did I let them sucker me in?!
Here are the most notable ERs due out before the market open tomorrow morning from the following companies (w/ charts & estimates): ($S $XOM $MA $PFE $UPS $UAA $VLO $COH $LLY $HOG $XRX $AET $NTDOY $NUE $ABC $MAN $HCA $ZBH $ALLY $TMO) Below are the tickers coming out with earnings before market open tomorrow morning with the expected time of release & estimates- Tuesday 1.31.17 Before Market Open Earnings Releases: Spoiler: CLICK HERE FOR THE EARNINGS TIMES & ESTIMATES!
I went long twice today. The first time I was stopped out at the low of the day! Can you believe the market went exactly to my stop? Then got back in later and am doing good. But haven't made my money back yet since I entered last night also and lost my butt.
We're at an interesting inflection point here on the 30 year. Threatening to break the bull run we've had since 2007.
Trump Fires Acting Attorney General https://mobile.nytimes.com/2017/01/30/us/politics/trump-immigration-ban-memo.html Not by much, but the futures did move a little lower after this news coming out. Will be interesting to see what happens tomorrow, this market is pretty sensitive to what Trump is doing/saying
Three trades today. Bought /ES futures and put my stop at 2263.25. Today's low of regular trading hours? 2263.25. I got stopped out. Bought some pound today and put my stop at 1.2475. Today's low was 1.2475. I got stopped out. After getting stopped out of /ES futures, I bought in again at 2268.25. After we went up today, I moved my stop up to my buy entry at 2268.25. So far tonight, the overnight low is 2268.25. I got stopped out. Someone please tell me this is all just a coincidence.
Pres. Trump recently announced his decision to withdraw US from from the 12-member Trans Pacific deal,fulfilling one of his key campaign pledges. This decision is big news for global markets, given the fact that the signatories to the TPP represented 40% of the world GDP. It is a big blow for Vietnam, Malaysia and Mexico that, as low cost manufacturing hubs, were to be the biggest beneficiaries of the TPP. But this move could have major implications for the US too. Consider this: 1) The TPP would have helped maintain America's clout in Asia and counter China's economic and military ambitions in the Asian region. US exit from TPP clears the path for China to fill the void and have greater influence on the Asian region. China has been aggressively promoting the Regional Comprehensive Economic Partnership (RCEP) among 16 Asian Pacific countries, as an alternative to TPP 2) Should the RCEP come into effect, access to the Japanese market would be a lost opportunity for US, given that the US does not have an FTA with Japan. Tariff cuts under the RCEP will lead to erosion of the US's market access to Japan relative to Chinese / Asian firms 3) The withdrawal from TPP and possibility of a re-negotiation of NAFTA has already elicited a response from Mexico that has announced its intent to reduce its trade reliance on the US by diversifying its trading partners.This would divert considerable trade away from the US, as also hurt US competitiveness, specifically the US automakers. Will isolating America make it great again?
