Stock Market Today: March 26th - 30th, 2018

Discussion in 'Stock Market Today' started by Stockaholic, Mar 23, 2018.

  1. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    High dividend and defensive stocks once again outperforming, consumer staple, real estate, and telecom up pretty nicely for the day
     
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  2. Stockaholic

    Stockaholic Content Manager

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    indeed and also looking at our first down "quarter" since Q3 of 2015 ... that would end the 9 quarter winning streak :p

    and this could be the first time in 8 years that we had a down Q1 :eek:

    i guess the good news here is that the month of april has been up 9 of out of the past 10 years.

    [​IMG]
     
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  3. Stockaholic

    Stockaholic Content Manager

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    alright! looks like we're finally back up and running on the live site. apologies to all for that little glitch this morning!

    i'm not sure how to port posts over from our backup site so this will have to do for now (sorry @OldFart!)-

    [​IMG]
     
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  4. Stockaholic

    Stockaholic Content Manager

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    hope everyone has a great final trading day of the quarter today! i can't believe we're closing the books on Q1 already...damn where has the time gone this year! :eek:

    [​IMG]
     
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  5. OldFart

    OldFart Well-Known Member

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    Easter bunny rally getting eaten alive...

    bunny_butt_hurts.jpg
     
  6. OldFart

    OldFart Well-Known Member

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  7. OldFart

    OldFart Well-Known Member

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    Bull and Bear algos fighting it out again...

    rock_em.jpg
     
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  8. OldFart

    OldFart Well-Known Member

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    well...there's that Easter bunny rally...bulls took control
     
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  9. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    yo yo action. We go straight down, and straight up. Trading in a vacuum seemingly.
     
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  10. Frankenstein

    Frankenstein Well-Known Member

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    Thursday, 8:27 a.m. PST. The SPX at 2633 but hit 2641. 2640 is a key level for the week
     
  11. Frankenstein

    Frankenstein Well-Known Member

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    If next week, the SPX can rally above the 2670 level, a test of the 2700 level should happen. At that point, I shall have to decide whether to jump out for risk management or whether there is a strong possibility of a test of 2800. I averaged in and am still in all my long positions
     
  12. Frankenstein

    Frankenstein Well-Known Member

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    If the price can close at above around the 2630 level today, that's a bullish sign for next week, according to my theory
     
  13. Frankenstein

    Frankenstein Well-Known Member

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    So far, the bulls are in control intraday. Further, my theory says that anything between 2530 and 2600 is a strong buy zone. I also think that 2600 to 2650 is an appealing buy zone for many traders as well. My theory says that the market will test the 2700 level at some point. If the price hits that level, what happens after that is dependent on the price action. Broadly speaking, we are in a deep, deep range on the SPX--and it's going to take much more vigorous action by the bulls or the bears to shoot out of this broad range.
     
  14. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    the 8 ema is at 2647, if the spx cant get above that today or monday, i can see it as a classic shorting point for shorts
     
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  15. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Nice rally for the market and especially the tech sector :eek: Long end bond yields continue to move lower, shouldn’t be bad for stocks unless it indicates that something could go wrong for the economy soon :p
     
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  16. Frankenstein

    Frankenstein Well-Known Member

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    Ok. The SPX is at 2649. Testing that 2650 level. Well above that key 2640 level
     
  17. Steven_Burt

    Steven_Burt 2019 Stockaholics Contest Winner

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    Hmmm..., I'm not sure. I can totally see another drop nert week. Feels like eom, eoq window dressing. We are still below the channel, right at the ma9 below the 50, and not making Higher high. This feels like an oversold dead cat to me.

    Welcome to the Bear market of 2018 boys....

    nspy.png
     
  18. Frankenstein

    Frankenstein Well-Known Member

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    Maybe. But 2540 to 2600 is still a solid buy zone. And I mentioned that 2600 to 2650 is an attractive zone for many traders. And indeed the price rallied to 2659 thus far. But the price still has to test that 2700 level at some point according to my theory. So, the price collapsing to the 2600 zone is another buy opportunity. Also, the 2700 level is a meaningful zone to exit--even at break even. And then if the price is at that zone, one has to see the price action to know what to do next
     
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  19. Frankenstein

    Frankenstein Well-Known Member

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    If the price collapses to the 2600 zone next week, that might be an excellent time to go long--again
     
  20. Frankenstein

    Frankenstein Well-Known Member

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    Even if the price were to collapse to the 2540 level, that 2700 level is looming large in the minds of institutional traders--according to my theory
     

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