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Stock Market Today: July 22nd - 26th, 2019

Discussion in 'Stock Market Today' started by bigbear0083, Jul 19, 2019.

  1. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Looking for a turnaround tomorrow. Growth not outperforming Value right now.
    [​IMG]
     
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  2. bigbear0083

    bigbear0083 Content Manager
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  3. OldFart

    OldFart Well-Known Member

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    nice jump on the ECB news...wonder if it'll hold?...

    ES.png
     
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  4. StockJock-e

    StockJock-e Brew Master
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    Ride the wave!
     
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  5. OldFart

    OldFart Well-Known Member

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    the wave just crashed....lol
     
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  6. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Surprised by the beating that SAVE is taking today, airlines didn't seem to be in a volatile place right now.
     
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  7. OldFart

    OldFart Well-Known Member

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    so ECB lowers rates, markets drop lower....If the Federal reserve bank lowers rates in the USA, wonder if we'll have the same reaction?
     
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  8. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    AAL drops big too although not nearly as much as SAVE :eek:
     
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  9. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    I think the ECB didn’t cut, I need to double check to confirm though :p

    The disappointment from the ECB might be good, setting a lower expectations for the FED next week :p
     
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  10. OldFart

    OldFart Well-Known Member

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    "signals" a rate cut....ah...ok
     
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  11. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    The market is definitely vulnerable for the central bank decision though. If the FED disappoints next week then look out below at least for the short term :eek:
     
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  12. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Dang that got wiped out, bearish engulfing.
    [​IMG]

    In other foreign markets, Nikkei with a reversal hammer right at trendline.
    [​IMG]

    Lucky VIX is still less than 13, lower probability we see a steep pullback in the US.
     
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  13. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    BYND is insane , that is all lol.

    as for earnings, looks like amazon and google are the tale of 2 different tapes, nice pop on google.

    amazon missed on eps but beat on rev
     
  14. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Nice AH result from GOOGL, but all it did was go right up to resistance?
    [​IMG]
     
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  15. Stoch

    Stoch Active Member

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    Last GDP estimate before tomorrows announcement. expected 1.8%

    [​IMG]
     
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  16. hungphong

    hungphong New Member

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    Market up
     
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  17. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    took the leap of faith on ROKU and LABU , at what i consider to be decent entry points.
     
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  18. bigbear0083

    bigbear0083 Content Manager
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  19. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Drug pricing bill passes Senate committee, another may come from the House
    • By a 19-9 vote, the Prescription Drug Pricing Reduction Act has advanced out of the Senate Finance Committee and will go before the full Senate this fall. The bill would cap out-of-pocket costs for medicines at $3,100 per year for Medicare beneficiaries beginning in 2022 and require drug makers to rebate Medicare if they hike prices above inflation.
    • Republicans tried to throw out the inflation provision but failed on a 14-14 vote.
    • Democrats tried to include a provision allowing the government to set drug prices but failed on a 12-16 vote.
    • House Speaker Nancy Pelosi says Democrats in the lower chamber plan to introduce a drug pricing measure in September, casting doubt on whether the House will take up the Senate version.
    • Predictably, the drug industry's main lobby group, the Pharmaceutical Research and Manufacturers of America, is opposed and spent more than $16M in H1 lobbying Congress and members of the Trump administration.
     
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  20. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    TWTR up big after earnings :eek: Social media having a good earnings season with TWTR and SNAP up big after their earnings

    New ATHs for the market heading into the FED next Wednesday, will the FED deliver what the market wants? We shall see :p
     
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