On the other hand.... Sectors of the market doing good. But RUT, QQQ at ATH can't pull the market-wide indexes (S&P, NYSE) above the point where the February selloff began. Will see how high we get in next 4 days.
JAZZ is a hot stock. XBI index breaking out from a triple top today. VEEV is moving up off this trend line I like ODFL bouncing off the 20ma. Yesterday news that trucking volume increase by 8%
A more volatile name, BLUE has been going sideways while making higher lows. The 200 ma is caught up to price now.
@OldFart i see oil has pulled back a great deal from its high, whats the move lately? will the downtrend continue, or will reclaim its highs this year?
@Ken34 No telling right now. If I had to guess, they are going to raise output, which would mean lower prices. Also, right now, there is no agreement on which direction to go, so it might also end in "no agreement", which would drive prices up, since oil demand is higher in the summer, and they currently have a cap. We'll def know this weekend. Saudi Arabia proposes hiking oil output by 1 million barrels a day ahead of OPEC meeting
Trader builds $5 billion position after realizing he wasn't using test program; brokerage says he can't keep his profit Bullshit!....better call Saul..!!
.....and back to LOD....nice bounce this morning though....let's see if they make this a "double bottom bounce" or "sell to the bell".
I like how he was losing in Euro/US stocks, then went all US and started winning big. This just confirms that all traders are viewed as terminal patients by their brokerage. They'll let you put all your money on the line. This guy just happened to win.
Took a day off from the market since my mom needed to have a chest CT scan and I had to go with her. So did the trade war worries pop up today once again? I do see some Chinese stocks getting hammered pretty badly today
a couple interested stats i came across just now... so today was the 8th consecutive down day for the dj30, which happens to be only the 30th time in history that has happened. if tomorrow were to also end red for the dj30 that would be the longest losing streak since 1978 if you're wondering what the longest losing streak ever on record was for the dj30, well that was at 12 red days in a row which was first set in 1941 and then again in 1968. that being said, the dj30 is only down around -3% during this current 8-day losing streak, whereas the avg. loss during the prior 8 days losing streaks was about -7%. lastly, and i thought this was an interesting stat as well... the dj30 has has closed above its 200dma for the 500th consecutive trading day today which happens to be the longest streak since 1978
Definitely some interesting stats Cy Honestly I didn't feel like the DOW is on a 8 day losing streak since the overall market didn't do that bad actually I guess having stocks like BA and CAT in the DOW led to the underperformance due to trade war fears
