well it's still waaay too early to say if this month ends red yet again as we're only on day #2 of this new month. but i think it would be somewhat interesting if the gains did not hold by month's end. only 4 times in the history of the spx has it been up at least +3% during the month only to ultimately end the month down in back to back fashion. as this chart from bespoke would illustrate, the prior back to back months we saw this instance happening the spx was actually higher six months later 3 out of the past 4 times.
trying to look on the glass half full the best i can here , but worth noting that this month and next happen to be the 2 strongest months for the market over the past 20 years at least ... yes i know we have covid-19 to deal with now that might derail some of this
just wanted to quickly come back to this one. as mentioned yesterday, we did in fact best the dec. 26th, 2018 +% day by a bit for the DJ30, but its rank on a pure % basis only put it at 67th all time still was pretty amazing seeing a 1200+ handle for a single session yesterday
Man, @bigbear0083 , you sure do provide a lot of analysis and data throughout the day. It's really awesome to help us get some perspective on where we've been and where we might go from here.
haha thanks @Three Eyes that actually means a lot coming from ya! although, honestly i cannot take full credit for much of the data points that i provide as i do a lot of reading throughout the day to find much of the analysis/data that i post in here throughout the day. hey btw, thank you for clearing up the futures stuff from earlier! that link was a great help!
Yep - completely done with Robinhood at this point. Even though I know they're FINRA rated or FICO or whatever up to $500,000 I wanted my money out of that dumpster fire. Sucks I have to wait 6 days for the funds to clear into Interactive Brokers, but I at least kept $2K on there
I was a little busy this morning and didn’t have time to post. Wow I guess it is a bad sign for the bulls if we drop like this after a rate cut Sold some positions that I got from last Thursday and Friday again while they were still profitable. Small profits are better than losses I guess
Yesterday and up until the FED cut the rates are the last gasp before more pain. The fact that we're dropping this hard after the cut is no bueno.
its weird, we're now down over -900 handles on the DJ30 right now but to me it just feels like an ordinary day in the market lol my have things changed in the last few weeks
More insanity, where would things be without that +600 one minute candle on the Fed news leak? We could play that fair value game, not that it works that way... but holy.. .
Though US fedral reserve has decreased the basic interest rate. But it can not change the trend of the market. The virus will continue assist the down trend. Tiger
We are now getting pretty close to zero rate now and the FED doesn’t have too much room to cut anymore, QE 4 this year? Well actually I hope not since it probably mean the coronavirus is still spreading
If the FED knew the market reaction would be like this then they probably wouldn’t have cut today This is like the worst outcome for them, now they don’t have much room to cut anymore
You gotta be clinically insane to daytrade this. They are putting in five minute bars that are larger than most daily ranges were 1-2 months ago. Good luck with the decoder ring guys.
