Welcome Stockaholics!

We are a new and fast growing financial forum! Sign up for free and let's talk stocks!

  1. Do you want to help develop this community? We are looking for contributions from investors and traders like you! What stocks do you follow? What is hot right now? Sign up and get in on the ground floor of the newest, fastest growing financial forum!
    Dismiss Notice
  2. You will notice a live chat widget on the right. Click in to join us and lets hear about how you nailed that last UWTI trade!
    Dismiss Notice

Stock Market Today: March 9th - 13th, 2020

Discussion in 'Stock Market Today' started by bigbear0083, Mar 6, 2020.

  1. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    21,245
    Likes Received:
    7,838
    hmm, so the DJ30 closed down -9.99% today...i was just thinking something here. what if you turned that # upside down, what do you get?

    now let's go back 11 years to the GFC bear market intraday low in march 2009. what was that number? do you guys remember?

    don't draw any conclusions from my post here not suggesting anything...it's all meaningless lol :p

    just some random thoughts in here on this otherwise historic day on wall st. today. :p
     
    OldFart and stock1234 like this.
  2. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,055
    Likes Received:
    4,018
    Did the market bottom in March 11th 2009 by the way during the financial crisis? The DOW actually started the bear market on March 11th 2020 :eek:
     
    OldFart and bigbear0083 like this.
  3. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    21,245
    Likes Received:
    7,838
    correctamundo.

    it's kinda eerie to me how both of these happening almost at the same time to the day 11 years ago :p

    march is now infamous for starting bull and now bear markets, or if you want to look at it this way, for ending bull and bear markets :p
     
    OldFart and stock1234 like this.
  4. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    21,245
    Likes Received:
    7,838
    whoops, just reread what you posted.

    actually it was on march 6th (intraday) and march 9th (closing) in 2009.

    my -9.99% remark was a little weird, but i guess i was trying to imply that maybe something could be in the works as far a reversal (at least short term). we'll see haha. :D
     
    OldFart and stock1234 like this.
  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,055
    Likes Received:
    4,018
    Haha thanks Cy. Somehow I thought it was March 11th, my bad :p
     
    OldFart and bigbear0083 like this.
  6. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,907
    Likes Received:
    1,724
    there’s Syynik.... I knew a bear market would bring you out of hiding!.... lol
     
    Syynik and bigbear0083 like this.
  7. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    21,245
    Likes Received:
    7,838
    i wonder if someone will take the reins and start up a youtube channel and upload the videos from these past few weeks haha. :D

    unfortunately that won't be me this time around though (thanks youtube.... :confused:).
     
    stock1234 and OldFart like this.
  8. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,055
    Likes Received:
    4,018
    LOL will see, if I find them then I share them here :D
     
    OldFart and bigbear0083 like this.
  9. Vdubman

    Vdubman Active Member

    Joined:
    May 2, 2016
    Messages:
    120
    Likes Received:
    88
    ‍♂️‍♂️‍♂️‍♂️‍♂️‍♂️‍♂️‍♂️ All the dudes with safety helmets on on Wall Street this week
     
    OldFart likes this.
  10. AverageJoesTrades

    AverageJoesTrades Well-Known Member

    Joined:
    May 24, 2016
    Messages:
    1,112
    Likes Received:
    594
    Anybody seeing SPY close of 255.24? Did it really close up there b/c futures are down to like 147.02?
     
    OldFart likes this.
  11. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    21,245
    Likes Received:
    7,838
    147?! o_O

    nah i got 248.11 on today’s closing print for spy.

    spy currently 246.25 in the extended hours.
     
    OldFart likes this.
  12. Ken34

    Ken34 2017 Stock Picking Contest Winner

    Joined:
    Apr 4, 2016
    Messages:
    1,705
    Likes Received:
    847
    woah what is going on with bitcoin and gold miners? JNUG down like 102% and bitcoin down 40%
     
    OldFart likes this.
  13. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,991
    Likes Received:
    2,014
    Holy shit, you are right!

    BTC slaughtered!

    [​IMG]
     
    OldFart likes this.
  14. AverageJoesTrades

    AverageJoesTrades Well-Known Member

    Joined:
    May 24, 2016
    Messages:
    1,112
    Likes Received:
    594
    LOL - fat finger. Man if it was 147 - whew!
     
    OldFart likes this.
  15. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    21,245
    Likes Received:
    7,838
  16. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    21,245
    Likes Received:
    7,838
    hah! turns out there is such a thing called lock limit up in the futures.

    looks like the /es has halted at that +5% threshold this morning, it cannot trade any higher than +5% evidently :p

    now im really wondering if there's also a level 1 circuit breaker for the cash market session lol

    i think not but honestly not 100% sure on that :p
     
    OldFart and stock1234 like this.
  17. Vdubman

    Vdubman Active Member

    Joined:
    May 2, 2016
    Messages:
    120
    Likes Received:
    88
    Never knew there was an up circuit. Too bad the stuff I had that was wrecked yesterday wasn’t up 5% today. scope out OPK though

    also Disney world closed today!!! That is going to wreck their recovery.
     
    OldFart likes this.
  18. AverageJoesTrades

    AverageJoesTrades Well-Known Member

    Joined:
    May 24, 2016
    Messages:
    1,112
    Likes Received:
    594
    wow, that is crazy 5% up limit. I'm wondering how much of yesterday was margin calls.

    IB took away cash market margin reduction and even upped their futures margins. MES normally has a 1,165 margin requirement and they are currently sitting at 1,935ish overnight and cash market.
     
    OldFart likes this.
  19. rando

    rando Member

    Joined:
    Apr 3, 2016
    Messages:
    37
    Likes Received:
    92
    Analogue is tracking amazingly well.
    [​IMG]
    [​IMG]
     
    OldFart and bigbear0083 like this.
  20. Ken34

    Ken34 2017 Stock Picking Contest Winner

    Joined:
    Apr 4, 2016
    Messages:
    1,705
    Likes Received:
    847
    CCL halted, lol, this must be a trader stock in this environment. it sees some crazy swings daily.
     
    OldFart likes this.

Share This Page