Stock Market Today: June 20th - 24th

Discussion in 'Stock Market Today' started by Stockaholic, Jun 17, 2016.

  1. internationalstocks

    internationalstocks Active Member

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    Looks like the Central Bank intervened now in Germany. Up roughly 400 points now off lows from earlier on
     
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  2. shilongeric

    shilongeric New Member

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    Singapore Hot Stock List:
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    For mor info visit our site:www.mmfsolutions.sg
     
  3. internationalstocks

    internationalstocks Active Member

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  4. T0rm3nted

    T0rm3nted Moderator
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    So for those who have been through this kind of thing before (enormous drops overnight due to some world event), I would like a little advice. If I have LONG positions open, would the generally accepted best idea be to put market orders in to sell at open? I would think that would be the best idea, as people will be hitting stops all day and selling off when they see their investments plummeting.
     
  5. surfsup

    surfsup Active Member

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    NIKK down 8% looks to close at the Feb lows. Lost 500 points over the break.
     
  6. internationalstocks

    internationalstocks Active Member

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  7. Stockaholic

    Stockaholic Content Manager

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  8. OldFart

    OldFart Well-Known Member

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    Wow
    Guess the vote wasn't fixed...
    This time

    I guess populism is back with a vengeance!
     
  9. internationalstocks

    internationalstocks Active Member

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    Soros is not always right but he sure was this time. Should have listened to him. I am just going to short all the pops from here on. I read an article before from an accurate forecaster that SPY would hit 1800-1900 by July. Looks like they may be right. As long as the FED and EU do not intervene it should be downhill from here. Recently Yellen said US stocks were over valued so I reckon that there will not be an intervention this time around. I would assume her warning means that there will not be an intervention this time around.
    http://www.nasdaq.com/article/4-stocks-to-buy-on-yellens-valuation-warning-cm639098
     
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  10. OldFart

    OldFart Well-Known Member

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    Maybe we finally see a bear market?
    I doubt this will be the cause but who knows.
    That Soros knew something before everyone else.... Bastard
     
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  11. Stockaholic

    Stockaholic Content Manager

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    not sure we're gonna see this today (probably not) ... but who knows

    under the revised rules approved by the sec in 2012, market-wide circuit breakers kick in when the spx drops 7 percent (level 1), 13 percent (level 2), and 20 percent (level 3) from the prior day's close.

    a market decline that triggers a level 1 or level 2 circuit breaker before 3:25 p.m. will halt market-wide trading for 15 minutes, while a similar market decline "at or after" 3:25 p.m. will not halt market-wide trading.

    for friday, jun. 24, the market-wide circuit breaker levels for the cash spx are:
    • Level 1 = 1,965.48 (-7%)
    • Level 2 = 1,838.69 (-13%)
    • Level 3 = 1,690.55 (-20%)
    these are for the RTH hours (9:30am - 4:00pm eastern)

    ETH hours (6pm - 9:30am eastern) is -5%

    we already saw that late last night when the /ES hit lock limit at 1999

    let's see what happens today ... but if i had to guess what we see today, i'm doubting we see much more panic than what we have already seen in the overnight trading hours
     
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  12. internationalstocks

    internationalstocks Active Member

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    I guess his brain is still functioning quite well at his age. Never judge a book by its cover lol..
    [​IMG]
     
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  13. OldFart

    OldFart Well-Known Member

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    With this populist vote in Britain, and if this gains momentum here in the USA, I can see Trump winning in a landslide and we'll have our own AEXIT from Nafta, GATT, and the WTO...and the secret pacific trade pact.
     
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  14. T0rm3nted

    T0rm3nted Moderator
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    Anyone?
     
  15. OldFart

    OldFart Well-Known Member

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    Could be a dead cat bounce later after the open but if it were me I'd exit positions unless I was looking super long term like Buffet.
     
  16. internationalstocks

    internationalstocks Active Member

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    Since weekly options expire today I would not be surprised to see a spike up to cover some positions. After they are covered we should continue to drop. All calls off if FED,EU and BOJ intervene though.
    http://www.businessinsider.com.au/m...d-the-introduction-of-helicopter-money-2016-6
     
  17. T0rm3nted

    T0rm3nted Moderator
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    Thanks guys
     
  18. T0rm3nted

    T0rm3nted Moderator
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  19. surfsup

    surfsup Active Member

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    I think we'll see a gap down followed by 5-10 mins of hard selling, then a DCB. If I was daytrading I'd watch the RSI and stochs for an opportunity to sell sell sell Mortimer! Turn those machines back on!!! We've had a fun run we'll see what happens. The buying frenzy has capitulated, at least temporarily. Maybe buyers will wake up after the dust settles in a few days, weeks, maybe months? Wish now I kept some of my short positions open. I still have a few that look to be trading well premarket. Asks are dropping quickly...crazy!
    buying capoitulation.PNG
     
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  20. Stockaholic

    Stockaholic Content Manager

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    certainly hoping no one is hurt by BREXIT ... but i do need to make a quick confession here -- i am kind of interested to see the markets hit at least one trading halt today as i'm curious to see how that is like ... i've never witnessed a market-wide halt even during the height of the '08 crisis ... its been a helluva run for the markets for the past 7 yrs ... its okay to have days like these every once in a blue moon lol
     
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