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: May 13th - 17th, 2019

Discussion in 'Stock Market Today' started by bigbear0083, May 11, 2019.

  1. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,499
    Likes Received:
    1,714
    Ill get a little concerned if we take out 2600 on the S&P.
     
    OldFart likes this.
  2. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,395
    Likes Received:
    1,132
    bigbear0083 likes this.
  3. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,395
    Likes Received:
    1,132
    Not sure WTF the big deal is on 25%. For example, this case sells for $1 for a retailer, and sells for $15+. So that means, the buyer will now have to pay $15.25....yeah, that'll break the USA's economy....SMH
    case.png
     
    bigbear0083 likes this.
  4. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,499
    Likes Received:
    1,714
    Dow tumbles more than 600 points after China retaliates with higher tariffs
     
    OldFart likes this.
  5. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,395
    Likes Received:
    1,132
  6. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    16,423
    Likes Received:
    5,330
    concerned? i’d say we should be rejoicing! :p it’s been faaaar too long since we’ve last seen a bear market, or at least officially.

    we’re still only off about what, roughly -5% from the ATHs in the cash s&p? this is very much an orderly selloff imho...lets see the vix print a 40 handle. :D
     
    OldFart likes this.
  7. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,395
    Likes Received:
    1,132
    Trump will tweet something bullish in a day or two...lol
     
    stock1234 and bigbear0083 like this.
  8. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,499
    Likes Received:
    1,714
    Its not that we have to pay an extra 25c on a hammer made in China, its all the US companies that sell stuff in China that get hit.

    Look no further than the soy farmers feeling the pain since China stopped buy soy from the US.
     
    OldFart likes this.
  9. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    3,860
    Likes Received:
    2,617
    Wow what a selloff today :eek: The news are saying that we are asking China to change some of its domestic laws as part of a trade deal and I highly doubt that the Chinese will be willing to do that. The trade deal probably not happening anytime soon :p
     
    OldFart likes this.
  10. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,499
    Likes Received:
    1,714
    Don't underestimate how low we are willing to slam our markets to get a good deal! ;)
     
    OldFart and stock1234 like this.
  11. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    16,423
    Likes Received:
    5,330
    this is like a repeat of last tues. let's see if we get some kind of btfd in the last hour again :p

    market map is a sea of red, however defensives like utilities catching a bid.

    bitcoin on the other hand having another banner day today! up close to +15% and new 10 month highs around 8k :eek:

    [​IMG]
     
    OldFart and stock1234 like this.
  12. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    16,423
    Likes Received:
    5,330
    S&P 500 Performance Following 1%+ Lower Opens
    Mon, May 13, 2019

    The S&P 500 SPY ETF opened lower by more than 1% this Monday morning after no progress was made between the US and China on trade. When SPY opens down 1% or more, how does the ETF typically perform during regular trading hours from the open to the close? Since 1993 when SPY began trading, the ETF has averaged a decline of 0.27% from the open to the close when it opens down 1%+ on a Monday morning. As shown in the chart below, Monday is the worst day of the week for a 1%+ open lower.

    When SPY has opened down 1%+ on Tuesdays or Fridays, it has actually bounced back very nicely throughout the trading day with an average open to close change of ~0.50%. On Wednesdays and Thursdays, the open to close change is basically flat following a 1%+ gap down.

    Based on historical price action, big opens lower on a Monday typically see continued selling throughout the trading day, while Tuesdays and Fridays see buyers step in.

    [​IMG]
     
    OldFart likes this.
  13. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    16,423
    Likes Received:
    5,330
    @OldFart there's that triple 6 again :eek: :p

    [​IMG]
     
    OldFart likes this.
  14. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    3,860
    Likes Received:
    2,617
    Well doesn’t look like we will get a significant bounce before the close, we are on track for the worst day since early January I believe :D
     
    OldFart likes this.
  15. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    3,860
    Likes Received:
    2,617
    Market pretty close to LOD. Traders seem to be putting money in less volatile like utility, XLU is trading at close to HOD and up almost 1% for the day
     
    OldFart likes this.
  16. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    16,423
    Likes Received:
    5,330
  17. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,395
    Likes Received:
    1,132
    doesn't look like much....

    china2.png
     
  18. AverageJoesTrades

    AverageJoesTrades Well-Known Member

    Joined:
    May 24, 2016
    Messages:
    956
    Likes Received:
    476
    I believe Trump tweeted last night about renewed meetings next month. Looks like a BTFD again!
     
    OldFart likes this.
  19. AverageJoesTrades

    AverageJoesTrades Well-Known Member

    Joined:
    May 24, 2016
    Messages:
    956
    Likes Received:
    476
    just loaded up on some QQQ calls $183 CALLS 6/21 expiration @ 3.52 right now.
     
    OldFart likes this.
  20. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    3,304
    Likes Received:
    1,921
    Been seeing a lot of stats, eg down 2% in a day / down 5 days in a row while above 200 sma, that point to us being up 5 days later.

    Makes sense, the tariffs haven't kicked in yet not until the barges make it over the sea, supposed to take ~20 days. News (which are stat agnostic) can explain away the bounce as softening in tariff fears because they haven't started yet so there's still hope.
     
    stock1234 and OldFart like this.

Share This Page