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Stock Market Today: May 13th - 17th, 2019

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

  1. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Just turned Green on the day!
     
  2. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Stealing this from the guys over at r/WSB
    [​IMG]
     
  3. OldFart

    OldFart Well-Known Member

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  4. OldFart

    OldFart Well-Known Member

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    wallstreet boys made a good profit today....good tips at Hooters!....

    hooters.jpg
     
  5. OldFart

    OldFart Well-Known Member

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    50% fibonacci retrace from the highs....insane

    fib.png
     
    #85 OldFart, May 17, 2019
    Last edited: May 17, 2019
  6. OldFart

    OldFart Well-Known Member

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    Tariff man giveth, and the tariff man taketh away....lol

    tariff_man.jpg
     
    stock1234 and T0rm3nted like this.
  7. OldFart

    OldFart Well-Known Member

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  8. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    A pretty impressive comeback for this market after Monday, we are just down slightly for the week as of now :D
     
    OldFart likes this.
  9. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    I laughed at that, but what happened to that guy after he said that?


    Update on XBI/IBB, been watching which way they break out of the weekly candle from 4 weeks ago. There were 3 inside weekly candles in a row. This week might have been a peek-below-and-fail, but they haven't retaken the 20 day sma yet.
     
    OldFart likes this.
  10. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    -$12.3b outflow from equity MF + ETFs this week, the 2nd large outflow in a row. So far this year, a net outflow of -$42.9b (Lipper)
    https://twitter.com/ukarlewitz/status/1129176542624604160

    I know the contrarians say this is bullish because that money will need to become buyers later.
    But when this gets big enough could it become a liquidity issue, like we had in October-December?
    And didn't one of the guys on Fast Money attribute that steep dive to liquidity issues? Here we go at 55 seconds: https://www.cnbc.com/2019/01/16/jp-morgans-marko-kolanovic-sees-stocks-drifting-higher.html
    December’s “ugly price action” was due to retail mutual fund liquidation, Kolanovic said.

    “Retail kind of pulled the plug in an environment where there was no liquidity,” he noted.
     
    OldFart likes this.
  11. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    OldFart likes this.

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