Stock Market Today: June 24th - 28th, 2019

Discussion in 'Stock Market Today' started by Stockaholic, Jun 21, 2019.

  1. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Transportation and small caps down today. Probably just means tomorrow is BTD day lol. Staying patient with my short plays, seeing what bulls can muster this week. I'm thinking we see 3000 before July 4th, a nice birthday present for America.

    https://twitter.com/ukarlewitz/status/1137082158353342464
    [When SPY is up 4 days in a row, as happened last Thursday:] Since 2014, it has closed higher again w/in the next 8 days in 37/40 instances by avg 1.3%
     
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  2. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Are there any big reports over the next couple days? Specifically on Small Caps? I'm looking at an IWM short opportunity - but don't want to be blindsided by a report I might've missed.
     
  3. Stockaholic

    Stockaholic Content Manager

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    Stocks and Treasuries Both Capping Off a Strong First Half

    While the relationship between the performance of equities and US Treasuries has changed over time, throughout most of the bull market in equities off the March 2009 lows, positive equity performance has coincided with weaker performance in Treasuries and vice versa. This year has bucked that trend. While the S&P 500 has rallied nearly 19% on a total return basis, long-term Treasuries, as measured by the Merrill Lynch Long-Term Treasury index, have rallied just under 10% and were actually up over 10% on the year through last Thursday’s close.

    [​IMG]
     
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  4. JustradingUS

    JustradingUS New Member

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    $OXY $SCHW $VLO $SCHW $AMGN $BA $DD $UPS $CRM $D are our stock opportunities for buying long. $EOG $GS $MRK $GE $APD $KO $ORCL $DUK are our stock opportunities for selling short.

    More information about price range and expected buy returns are given in our today's Closing Bell video (6/24/2019), only on JusTrading YouTube Channel.

    Please, check it out and subscribe to get our daily analysis and suggestions for free!

     
  5. Stockaholic

    Stockaholic Content Manager

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  6. OldFart

    OldFart Well-Known Member

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    Not specifically for small caps, just regular economic reports, as far as I know.

    I do see your point of going short. Def looks like we’re setting up for a bear flag, but with data coming out today, who knows.

    42F20545-4F6D-434A-91CF-A5DD02935260.png
     
  7. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    futures pretty flat at this point - Might also pick up some XLF puts this morning as well.
     
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  8. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    IWM & XLF shorts playing well this morning. XLF might hit 100%, but IWM will probably not reach this level of profit. Will take IWM at 50% and have a stop profit gain at 25%.
     
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  9. OldFart

    OldFart Well-Known Member

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    all this "doom and gloom" reports should get the FED thinking about a real interest rate drop....
     
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  10. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    OK this dip has been fun.
     
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  11. Stockaholic

    Stockaholic Content Manager

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    Yield Curve Rejected at the 50-DMA...Again

    After moving down as low as -25 basis points (bps) earlier this month, the yield curve (the spread between the yield on the 10-year and 3-month US Treasuries) looked like it was going to move back into positive territory closing out last week. That was until the 50-day moving average came into play. On Friday, the yield curve finished the week inverted by less than 5 bps, but today it's back inverted to the tune of 11 bps. Looking at the chart below, the latest experience with the 50-DMA looks to be just one in a series of times in the last year where the yield curve has stalled out at or near the 50-DMA. What will it be that breaks this trend? A larger than expected rate cut from the FOMC or a sharp increase in rates at the long end of the curve?

    [​IMG]
     
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  12. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Gold pulled back and the dollar got a spike right after some comments by Powell :eek:
     
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  13. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Yeah I guess the data are weak enough for the FED to cut at least 0.25% next month :p
     
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  14. OldFart

    OldFart Well-Known Member

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    nope, Powell just screwed the US markets....time to abolish the federal reserve bank
     
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  15. OldFart

    OldFart Well-Known Member

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  16. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Just noticed a $1.1M CALL buy on CHWY. Order came in around 1:00 for 2,551 contracts of the 8/16/19 $30 Strike @ 4.30 while the open interest was only 37 at the time meaning this is a new position.
     
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  17. OldFart

    OldFart Well-Known Member

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  18. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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  19. OldFart

    OldFart Well-Known Member

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    This coming from a guy with a used diaper on his head.....
     
  20. Stoch

    Stoch Well-Known Member

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    Wow, lowest put ratio on the 24th in a while

    [​IMG]
     
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