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

Discussion in 'Stock Market Today' started by Stockaholic, 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
     
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  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
     
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  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.
     
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  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.
     
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  11. stock1234

    stock1234 2017 Stockaholics Contest Winner

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