Stock Market Today: June 11th - 15th, 2018

Discussion in 'Stock Market Today' started by Stockaholic, Jun 8, 2018.

  1. Stockaholic

    Stockaholic Content Manager

    Joined:
    Mar 29, 2016
    Messages:
    13,767
    Likes Received:
    7,050
    good morning @OldFart! :)

    here is today's market movers & news for those wanting to get a quick read before today's open-
    [​IMG] <-- click there to read!

    hope everyone has a great trading day ahead today!
     
    stock1234 and OldFart like this.
  2. Ken34

    Ken34 2017 Stock Picking Contest Winner

    Joined:
    Apr 4, 2016
    Messages:
    1,039
    Likes Received:
    723
    this year, we have had some months that are a tale of 2 halves, june starting strong, i had an inkling that the 2nd half would be rough, but futures looking good after yesterday, if we close higher today, this market is just so resilient.
     
    stock1234 and OldFart like this.
  3. rStock

    rStock Well-Known Member

    Joined:
    Sep 27, 2016
    Messages:
    89
    Likes Received:
    105
  4. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,584
    Likes Received:
    4,619
    Looks like they were still dovish though, Euro drops hard while interest rates drop as well :eek: BOJ meeting later today, I guess they will be dovish as well :D
     
    OldFart and Stockaholic like this.
  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,584
    Likes Received:
    4,619
    I kinda feel like if we get by this week without selling off on central banks meetings, then we could see a new ATH pretty soon in the summer. Volatility could drop in the coming weeks if we don’t get big news event due to summertime and the Word Cup. A lot of World Cup games are during our trading hours and those from Europe, South America, and Asia, etc might not be trading when their countries are playing or during the big games. Trade war could still take this market lower but right now the market doesn’t seem to worry about it at all :p
     
    OldFart and Stockaholic like this.
  6. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    4,319
    Likes Received:
    3,375
    A couple days ago one of the Fast Money traders (Karen Finerman) said she was shorting NFLX. Today Citron makes a case for shorting it too. But last 2 days have been very very good for NFLX. I'm interested to see how this shakes out.
    Last weekend Netflix got into a little controversy with the "13 Reasons Why" Season 2 coming up, and I didn't think their response was a very good one, for a $150+ billion public company; basically said "you don't need to watch it". The old Deal With It defense, works with angtsy teenagers, but usually companies should show that they can work with public concerns while continuing to do business.
     
    OldFart and stock1234 like this.
  7. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,584
    Likes Received:
    4,619
    OldFart and Stockaholic like this.
  8. Stockaholic

    Stockaholic Content Manager

    Joined:
    Mar 29, 2016
    Messages:
    13,767
    Likes Received:
    7,050
    man that dollar gone ballistic today :eek:

    is this a delayed reaction to yesterday's surprise fed 4 hikes in '18 announcement? or ecb (euro) driven? or maybe both i guess :p

    not to get all forex on you guys, but i wonder if a stronger greenback could be some kind of headwind for the equity market down the road.

    that is quite the move today though! haven't seen a one-day move like this in a long one.

    [​IMG]
     
    OldFart and stock1234 like this.
  9. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,584
    Likes Received:
    4,619
    If the dollar continues to go higher then definitely is a concern. Guess it isn’t up enough to be a concern just yet right now :p Earnings should remain pretty strong for the near future even with a slight currency headwind
     
    OldFart and Stockaholic like this.
  10. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,584
    Likes Received:
    4,619
    Droves of Wall Streeters abandon their work during big World Cup games — and 2 teams are far more distracting than the others

    http://www.businessinsider.com/world-cup-games-distract-traders-volumes-drop-2018-6?r=UK&IR=T

    After the 2010 World Cup, the European Central Bank looked into minute-by-minute data for fifteen global exchanges including Brazil, the US, and the host South Africa . The researchers found that when a team was playing, the number of trades in the home country fell by 45% while volumes were 55% lower. Also, whenever a team scored, trading activity dipped by another 5%.

    Some interesting stats. The US didn’t qualify for the World Cup this year though, so maybe volume won’t fall that much at Wall Street this year but probably will still be lower than usual
     
  11. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    4,319
    Likes Received:
    3,375
    Would be a great-for-TV rematch if Germany vs Brazil again imo. Just as long as they keep it close this time heh.
     
    stock1234 and OldFart like this.
  12. Stockaholic

    Stockaholic Content Manager

    Joined:
    Mar 29, 2016
    Messages:
    13,767
    Likes Received:
    7,050
  13. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,959
    Likes Received:
    1,813
    markets trying to bounce here..
     
    Stockaholic and stock1234 like this.
  14. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,959
    Likes Received:
    1,813
    SPY back to VWAP....can it hold on
     
    Stockaholic and stock1234 like this.
  15. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,959
    Likes Received:
    1,813
    pretty wild swings on the IWM...:eek:

    IWM.png
     
    Stockaholic and stock1234 like this.
  16. tbw875

    tbw875 Active Member

    Joined:
    Mar 19, 2017
    Messages:
    65
    Likes Received:
    25
    Avalara IPO up 58% this morning. Based in my hometown. I dont jump on IPO bandwagons, but between DOCU, SMAR, and AVLR, there's some great IPO's from the northwest this Q
     
    stock1234 likes this.
  17. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,584
    Likes Received:
    4,619
    Wild swings instead :eek: If trade war becomes a concern again for the market all of the sudden, then wouldn’t be surprised to see small caps outperforming big caps in the near future
     
    Stockaholic likes this.
  18. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,584
    Likes Received:
    4,619
    Wow what the hell is happening to gold :eek: Dropping hard today despite the dollar isn’t moving much today. It was also a little odd yesterday that gold was actually up when the dollar was up big though :p
     
    Stockaholic likes this.
  19. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,584
    Likes Received:
    4,619
    Was watching soccer, but seems like big bounce off the lows for industrial stocks like MMM and BA :eek: Maybe the retaliation from China isn’t as big as feared :p
     
    Stockaholic likes this.
  20. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    4,319
    Likes Received:
    3,375
    With all that happened this week, the market went nowhere.
     
    stock1234 likes this.

Share This Page