Stock Market Today: June 17th - 21st, 2019

Discussion in 'Stock Market Today' started by Stockaholic, Jun 15, 2019.

  1. JustradingUS

    JustradingUS New Member

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    Healthcarestocks $BMY$GILD$LLY$JNJ$PFE$MRK$AMGN$UNH$ABBV$MDT$ABT $BIIB opportunities for buying and selling (6/19/2019). If you want to know more in detail about our Healthcarestock suggestions, please check out our JusTrading's closing bell video for today.
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  2. JustradingUS

    JustradingUS New Member

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    I suggest checking on short sell opportunity MDT
    Healthcarestocks $BMY$GILD$LLY$JNJ$PFE$MRK$AMGN$UNH$ABBV$MDT$ABT $BIIB opportunities for buying and selling (6/19/2019). If you want to know more in detail about our Health carestock suggestions
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  3. Stockaholic

    Stockaholic Content Manager

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  4. T0rm3nted

    T0rm3nted Moderator
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    SLACK IPO today.

    Shares in Slack, the workplace messaging tool, will start trading Thursday on the New York Stock Exchange.

    The tech company's Wall Street debut is unconventional. Slack opted to pursue a direct listing, which means it didn't have investment bankers to pitch its shares to institutional investors or go on a roadshow to drum up hype.

    A direct listing is less pricey and time consuming, but also comes with risks. Spotify (SPOT), the last major company that went public this way, has underperformed since its shares began trading in April 2018.

    Slack will also face questions about its lack of profitability, a factor that dinged the IPOs of Uber (UBER) and Lyft (LYFT) earlier this year. Slack reported a net loss of $138.9 million in its last fiscal year, and sales growth is slowing.

    The company will trade under the ticker symbol
    WORK.
     
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  5. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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  6. T0rm3nted

    T0rm3nted Moderator
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    Sounds like the US is saying it was over international airspace, and Iran is saying it was over Iranian territory. My hunch is Iran is correct, considering Bolton and Pompeo have hard-ons for war and zero respect for recognizing international law. Our corrupt media (on both sides) will report whatever makes us look like the victims though.
     
  7. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Just like grade school all over again - he said she said - yes you did, no I didn't. Just higher stakes
     
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  8. OldFart

    OldFart Well-Known Member

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    Bought a strangle on the /ESM9 futures tomorrows expiration
    We'll see what happens. Should have bought last night, I would have been about $2100 in the green.
    Strange that options on futures don't count as day trades, and they seem to trade 24 hours like futures contracts do....
     
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  9. Stockaholic

    Stockaholic Content Manager

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    Morning Lineup - New Highs
    Thu, Jun 20, 2019

    Markets slept on yesterday's Fed-fest and decided they liked it. The S&P 500 has its sight set on record highs, while the Nasdaq isn't far behind. The 10-year yield dipped below 2% overnight and is still slightly below that psychological level as of now, and the yield curve (10y vs 3m) is still firmly inverted at negative 14 bps.

    There's a decent chunk of economic data to contend with this morning as initial (220K) and continuing (1,680K) jobless claims will be released at 8:30 along with the Philly Fed (+10.7). Then at 10:00, we'll get Leading Indicators for May (+0.1). While jobless claims are always closely watched, the Philly Fed will also be under the microscope as investors look for insight as to whether the Empire Manufacturing report earlier this week was a one-off or the beginning of a trend.

    As mentioned in a post yesterday afternoon, while US markets crave dovish Fed commentary, emerging markets love it even more. The main reason? It weakens the dollar. Another group of stocks that like a weaker dollar as much as emerging markets is US multi-nationals. The top chart below shows the performance of our S&P 500 Domestics and Internationals indices over the last 12-months. While the Domestics are already at record highs, it has been the Internationals that have outperformed in the most recent leg higher. Since the low on June 3rd, the Internationals have rallied 8.6% compared to a gain of just 4.5% for the Domestics.

    In the lower chart, we compare the performance spread between the Domestics and Internationals to the Bloomberg US Dollar Index. The two have tracked each other relatively closely over time, although the addition of tariffs to the mix shook the relationship up a bit earlier this year. With the dollar under pressure again this morning and on pace for its worst day since January, you can expect to see Internationals continue to lead, and then any additional positive news on trade will only add fuel to the fire.

    [​IMG]
     
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  10. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    ES was rejected at 2965 before regular trading hours.
    I'm holding out hope today turns red.
     
  11. OldFart

    OldFart Well-Known Member

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    I'm also looking for profit taking today, or tomorrow, maybe both.
     
  12. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    wow - was just able to get back to my computer. S&P put in a big down wick - unless tradingview has a data problem. Almost went red!
     
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  13. Auri

    Auri Well-Known Member

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  14. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    So the G20 meeting is looking like the same day as Iran exceeding their uranium limit?
     
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  15. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    SPY has been on a downward march since the open. I picked up some 6/21 294 PUTS just a couple minute ago for 1.60.

    Looks like we may be closing RED
     
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  16. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Gold on a tear :eek: Was looking to get back in after the FED disappointment but we didn’t exactly get the FED disappointment :p
     
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  17. OldFart

    OldFart Well-Known Member

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    /ESM9 futures strangle....went out for about an hour or so and instead of $700 gain, I got a lousy $125...shit happens I guess
     
  18. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    sold @ 1.65 before it came back quick.

    Anyone see /NG tanking today? DGAZ up almost 17%
     
  19. OldFart

    OldFart Well-Known Member

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    EIA natural gas report was out at 10:30 , so it'll move like crazy every Thursday....kind of like oil on Wednesday's EIA report
     
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  20. OldFart

    OldFart Well-Known Member

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    Couple of scenerios:

    1) We bomb the crap out of Iran's missile defense system, and the G20 meeting for Trump is canceled -> big drop in markets
    2) We ask our buddy Israel to bomb the crap out of Iran's missile defense system -> Markets react with a medium drop, then recover
    3) We do nothing, and Iran keeps fucking with us....Trump hits them with a MOAB middle of next week, and the G20 meeting for Trump is canceled -> big drop in markets

    I think # 1 or # 2 might happen
     

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