Stock Market Today: May 15th - 19th

Discussion in 'Stock Market Today' started by Stockaholic, May 14, 2017.

  1. Jrich

    Jrich Well-Known Member

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    Washington is putting up more road blocks than 35W in Ft. Worth!

    If you live any where near Ft. Worth, you've probably come to accept that the highway won't be finished any time in this decade

    And if you live in America, you're probably wondering if our government plans on getting back to work anytime soon, or if they're just gonna lean against that tractor and watch all the cars back up behind those cones
     
  2. Stockaholic

    Stockaholic Content Manager

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  3. Stockaholic

    Stockaholic Content Manager

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  4. Timbo

    Timbo Active Member

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    We may get a well needed burp in the market. Time to shake the trees.
     
  5. T0rm3nted

    T0rm3nted Moderator
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    Looks like another blood red day most likely.
     
  6. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    [​IMG]
    Brazil down big today :eek:
     
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  7. Jim BooDog

    Jim BooDog Active Member

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    Today is so off a pump like GLYC was easily manipulated. It's a trap now imo.
     
  8. Steven_Burt

    Steven_Burt 2019 Stockaholics Contest Winner

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    Just a couple of thoughts on the current political conditions and how it might affect the market volatility. Currently the markets seem to be relieved that the special prosecutor will be taking over and the House and Senate investigations will be taking a back seat. Now more than likely the special council will almost certainly pull everything back behind closed doors for several months or even years before making any conclusions on if charges will be brought or not.

    IMO taking the investigations out of the public hearings will only lead to more leaks, more frustrations and mistakes (from both sides), and the partisanship with the voters and the politicians could derail any substantial legislation for the duration. My thesis is that we have now moved into an era of "the news of the day" and volatility will be here to stay for some time.

    In the short term the euphoria created by the campaign promises of the Trump trade will need to be unwound and that should create some near term opportunities for the bears, and some possible buying opportunities for the bulls.

    .....FWIW
     
  9. Timbo

    Timbo Active Member

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    Noticedsome sellouts that seem to fly under the radar the last several weeks. The indices keep trending higher yet several good healthy stocks are down trending like nuts almost on a daily basis. May sound crazy but they followed the VIX, almost like they are slowly closing out position without stirring up the dust. Yesterday was a decent drop but it appears to be a buy the dip mentality for most. Makes me wonder.
     
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  10. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    I have been waiting for the buying opportunities for awhile :D
     
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  11. Steven_Burt

    Steven_Burt 2019 Stockaholics Contest Winner

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    Me too, but I need at least 10%. ... but I hope for more lol
     
  12. Baggi

    Baggi Active Member

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    It always surprises me how, sometimes, I'll draw a trend line and then forget about it, and then one day it'll come back and have worked perfectly.

    Daily Trend.jpg
     
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  13. Wolfy

    Wolfy Active Member

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    I could not agree more with you.
    I follow where the big money goes. Bonds & currency. The size of equity market is just a baby comparing with the other two. VIX is good measure of expectation and volatility in the short term, but bonds & currency give a better insight in the mid & longer term.

    USD index is in a down trend. Bonds bounced off the bottom of its upward channel.
     
  14. Stockaholic

    Stockaholic Content Manager

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  15. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Euro at 1.12 against the dollar now :eek: seems like parity not happening anytime soon :p Impressive bounce back for equities also :eek:
     
  16. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    The VIX crashing back down to 12s, are we going to see 10s again soon :p
     
  17. Stockaholic

    Stockaholic Content Manager

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    i know this has been said like an umpteenth amount of times but man is this ever one resilient bull market i have ever seen :eek:
     
  18. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    I guess BTFD continues to work until it doesn't :p
     
  19. Stockaholic

    Stockaholic Content Manager

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    sorry i just couldn't resist! :p

    kind of surprised to see the dollar getting hit here ... and it's down against all the major basket of currencies ... rate hike odds at this upcoming june meeting are pretty high atm ... is this possibly looking ahead and markets not expecting any additional raises this year after the june meeting? hmm...
     
  20. Stockaholic

    Stockaholic Content Manager

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    wouldn't surprise me ... but those narrow trading ranges! zzzzzz's :p
     

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