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Stock Market Today: May 20th - 24th, 2019

Discussion in 'Stock Market Today' started by bigbear0083, May 18, 2019.

  1. OldFart

    OldFart Well-Known Member

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    steady drop since about 1:50...controlled drop so far with no panic selling
     
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  2. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Semiconductors getting hammered again after more bad news for Huawei over the weekend. Relations between China and us are definitely seem to be getting worse. Will see how the meeting between Trump and Xi goes next month but I am not too optimistic that we will get a trade deal anytime soon :p
     
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  3. bigbear0083

    bigbear0083 Content Manager
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  4. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Dow Jones hasn't been down 4 weeks in a row for 9 years.
    Semiconductors bouncing, holding above 200 sma.
     
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  5. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Man MNK down another 25+% today. From $130 to $9.50 in 4 years.
    Forward P/E of 1.15 lol, I thought 3 was low.
     
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  6. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Interesting stats for the DOW :eek:
     
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  7. bigbear0083

    bigbear0083 Content Manager
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    actually, it hasn't done 4 weeks down in a row in 3 years (which it did this past week).

    however, 5 weeks down? that would be the first time in about 8 years. could happen this week.

    i mentioned that on post #12 of this thread which it looks like you guys might've missed since i guess that post kinda got buried with my other posts... :p
     
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  8. bigbear0083

    bigbear0083 Content Manager
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    looks likes utilities printing another new ATH today :eek:

    [​IMG]
     
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  9. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Thanks Cy. I will go back to post #12 and take a look, always appreciate those useful information from you :)
     
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  10. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Yeah Utilities have done great :eek: With the ongoing trade war, hard to see rates spiking much higher anytime soon so maybe not a bad idea to park some money into utilities :p
     
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  11. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    So we could see something this Friday that we haven’t seen in 8 years? Would be pretty amazing if we have another down week for the DOW :eek:
     
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  12. stock1234

    stock1234 2017 Stockaholics Contest Winner

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  13. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    I tried shorting one of the homebuilders but that never got going, took a small loss after a week. I was thinking that housing had peaked, since lumber prices were going down.
    [​IMG]

    But I guess another influencing factor for homebuilders is the interest rate.

    I know the big inversion is the 2y-10y. But last week we got the 1m-10y inverted. We still have the 6m-10y inverted.
    The 2y/3y are so low.
    Date 1 Mo 2 Mo 3 Mo 6 Mo 1 Yr 2 Yr 3 Yr 5 Yr 7 Yr 10 Yr 20 Yr 30 Yr
    05/01/19 2.42 2.41 2.43 2.44 2.39 2.31 2.28 2.31 2.41 2.52 2.74 2.92
    05/02/19 2.44 2.46 2.47 2.46 2.41 2.35 2.32 2.34 2.44 2.55 2.77 2.94
    05/03/19 2.42 2.44 2.43 2.46 2.41 2.33 2.30 2.33 2.43 2.54 2.75 2.93
    05/06/19 2.43 2.44 2.44 2.46 2.39 2.31 2.27 2.30 2.40 2.51 2.73 2.91
    05/07/19 2.44 2.44 2.43 2.46 2.37 2.28 2.24 2.25 2.35 2.45 2.68 2.86
    05/08/19 2.42 2.43 2.43 2.45 2.37 2.30 2.26 2.28 2.38 2.49 2.71 2.89
    05/09/19 2.43 2.43 2.43 2.46 2.36 2.26 2.22 2.25 2.34 2.45 2.69 2.87
    05/10/19 2.42 2.43 2.43 2.45 2.36 2.26 2.23 2.26 2.37 2.47 2.70 2.89
    05/13/19 2.41 2.42 2.41 2.42 2.32 2.18 2.15 2.18 2.28 2.40 2.65 2.83
    05/14/19 2.41 2.42 2.41 2.43 2.32 2.20 2.17 2.20 2.30 2.42 2.67 2.86
    05/15/19 2.40 2.41 2.42 2.43 2.30 2.16 2.12 2.15 2.25 2.37 2.63 2.82
    05/16/19 2.40 2.41 2.40 2.43 2.33 2.20 2.15 2.18 2.28 2.40 2.65 2.84
    05/17/19 2.39 2.40 2.39 2.42 2.33 2.20 2.15 2.17 2.27 2.39 2.63 2.82
    05/20/19 2.39 2.39 2.39 2.42 2.34 2.21 2.17 2.21 2.30 2.41 2.65 2.83
     
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  14. bigbear0083

    bigbear0083 Content Manager
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  15. Stoch

    Stoch Active Member

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    I guess were going to gap down past the entire trading range from yesterday
     
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  16. StockJock-e

    StockJock-e Brew Master
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    As is tradition.
     
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  17. OldFart

    OldFart Well-Known Member

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    so far it's "TRADE WAR BE DAMNED" on wall street this morning....
     
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  18. OldFart

    OldFart Well-Known Member

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    Mnuchin must have said something....market went apeshit
     
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  19. OldFart

    OldFart Well-Known Member

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  20. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    NAT Gas got whacked this morning. Might be looking at a DGAZ continuation.
     

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