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

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

  1. Stockaholic

    Stockaholic Content Manager

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    we're juuuuuust short of it on the cash SPX and nazzy as of the time of this post.

    the official "bear" level on the SPX is: 2,714.82

    and for the nazzy it's: 7,870.70

    screenshot pulled from my indices correction table:

    [​IMG]
     
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  2. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

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    Blowing through it now. And falling...
     
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  3. Stockaholic

    Stockaholic Content Manager

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    haha, looks like it's battling that 2714 level ... gonna be an interesting close :p
     
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  4. Stockaholic

    Stockaholic Content Manager

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  5. Stockaholic

    Stockaholic Content Manager

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    seems like i might need to add some additional % levels below if this correction/bear persists :eek: :p
     
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  6. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    The DOW officially in bear market, the SPX and the NASDAQ avoid it for now :eek:
     
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  7. Vdubman

    Vdubman Well-Known Member

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    THoughts on Gold? IT has always had nice runs when the market tanks and it has not really moved much the last month and only up about a hundred since the beginning of the year.
    Why isnt it moving higher to 1800-1900? Is it because investors don't believe we are in a financial downturn only a sales downturn?
     
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  8. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    futures getting destroyed right now
     
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  9. rStock

    rStock Well-Known Member

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    Recovering ... -2.7% from -5%

    Hope it will be up in the morning
     
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  10. Stockaholic

    Stockaholic Content Manager

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  11. Stockaholic

    Stockaholic Content Manager

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    whelp, if today's open holds through to the close, we'll be deep in bear territory for all the major indices including spx and nazzy, "officially" ending the 11-year bull run :eek:

    looks like we hit lock limit down briefly on the futures during the overnight globex session.

    let's see if we hit the level 1 circuit breaker at cash open again today, which is a drop of -7% on the spx.

    what a time to be alive. interesting times my friends...
     
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  12. Stockaholic

    Stockaholic Content Manager

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    here we go ... a little late to post this sorry.

    but this was def the fastest bear market after an ATH in the history of the DJ30.

    i'll see if i can find one for the SPX later today as well.

    [​IMG]
     
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  13. Ken34

    Ken34 2017 Stock Picking Contest Winner

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  14. T0rm3nted

    T0rm3nted Moderator
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    Market down 7% right now :eek:

    I know a lot of you are feeling a lot of pain, but personally I'm enjoying this a lot since I've been out for awhile now. Hope none of you are hurting too bad though :(
     
  15. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    first circuit breaker
     
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  16. Syynik

    Syynik Well-Known Member

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    This stings like a bandaid got ripped off my soul, but I agree with you here! Time's a comin' to do some shopping!;)
     
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  17. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Wow - closing in on the 10% circuit breaker. Anyone guessing we're going to double bottom on the Dec 2018 lows?
     
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  18. Jrich

    Jrich Well-Known Member

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    Speaking from the perspective of someone about to turn 40 who didn't start saving for retirement until age 36... this is not a bad thing

    I closed all positions in my trading account while I was ahead, but still long and still buying in my employer 401k account... had 30% cash when the crash began, down to 10% cash now.... plus the longer the market stays low, the farther DRIP's will go
     
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  19. Stockaholic

    Stockaholic Content Manager

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    done ... have created levels going all the way down to -50% in my spreadsheet :p

    also just a quick fyi here, i have just created a dedicated thread over in my groups section for those you guys who want to discuss the correction levels specifically for the major market indices:

    https://www.stockaholics.net/thread...es-correction-levels-google-spreadsheet.9600/

    curious to know if my google sheet has embedded onto the first post of that thread.
     
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  20. Stockaholic

    Stockaholic Content Manager

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    hmm, is it -10% where the level 2 breaker kicks in? thought it was -13%? then level 3 (-20%) which would halt trading for the day.

    ya, also thinking the dec. '18 lows will be in play.
     
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