Bonds looking pretty good now and interest rates on the long end could be heading lower, which is not a great news for the bank stocks
the market giveth and the market taketh away! lol what a difference a year makes ... in 2017 we couldn't even pullback -0.60% for like one hundred trading days in a row, now we're seeing these 1-2% moves pretty much on a daily basis haven't seen market volatility quite like this since at least 2011 ... i guess we were overdue
We are definitey overdue for more volatility Good for short term traders but those longer term investors who got used to the lack of volatility might not be feeling that comfortable
My theory says that the SPX will go back to test the 2700 level--I haven't bailed on my positions. I averaged in and if it hits 2710, I can exit the first lot long at break even--I probably will do that, if that happens [and theory I use says it should re-trace back to around that level]. If it goes up to around that level, I shall have to see what the price action is like to determine what I shall likely do. But I might just try to exit that lot 1 at break even and the other lots at a profit
The SPX should have collapsed deeper than 2596 today, if the bears were to be truly in control. But this seems like just a set up for launching up to test that 2700 level
Market typically strong day before Good Friday and weak day after Good Friday is the one NYSE holiday with a clear positive bias before and negativity the day after. DJIA, S&P 500, NASDAQ and Russell 2000 all have solid average gains on the day before, but are all net losers on the day after Easter. NASDAQ has been notably strong, up 16 of the last 17 days before Good Friday with the one loss occurring last year. The day after Easter has the worst post-holiday record though average losses are steeper after Presidents’ Day. The S&P 500 was down 16 of 20 years from 1984-2003 on the day after Easter, but is has been up ten of the last fourteen years.
Weekly mortgage applications rise even as rates increase https://www.cnbc.com/2018/03/28/weekly-mortgage-applications-rise-even-as-rates-increase.html Final reading on US Q4 GDP is up 2.9%, vs 2.7% growth expected https://www.cnbc.com/2018/03/28/fin...ent-vs-2-point-7-percent-growth-expected.html
Good Wednesday morning Stockaholics! Here is the pre-market thread for those wanting to get in a quick read before the cash market open this morning- <-- click there to read! Hope everyone has a great trading day ahead today!
Amazon shares slump after report that Trump seeking ways to go after company https://www.seattletimes.com/busine...t-trump-seeking-ways-to-go-after-the-company/ Tech names really making a lot of headlines this lately
man, volatility is out of control today, we about to have 2 down months in a row? a down march? crazy. square was holding up relatively well, and then today happened
About time to have a little bit more volatility though, last year was unusually calm and not that normal
