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

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

  1. OldFart

    OldFart Well-Known Member

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  2. OldFart

    OldFart Well-Known Member

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    Little H&S going on....

    SPX.png
     
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  3. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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  4. OldFart

    OldFart Well-Known Member

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    Depends....kind of like earnings report = 50/50 chance
     
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  5. Stockaholic

    Stockaholic Content Manager

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    just cross-posting this table over from the bull thread.

    as you guys know the SPX has been up for each of the first 4 months to start this year.

    did you known when this occurrence has happened, the rest of the trading year (final 8 months) has been higher 14 out of 15 times. what's interesting is that in each of those instances there was at least an -8% pullback during the year.

    i think we only made it down to, what, -5% at the low point this month so far?

    in other words -- this is quite normal :p

    [​IMG]
     
  6. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Cool data @bigbear0083
    Sorry about yesterday's misinformation regarding the Dow's weeks-long down streak. Now I can't find where I got my info from. When I took a look myself, I missed the first down week because it was a green candle and only down less than 10 bps. These streak-breakers can start so benignly.
     
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  7. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Seems like the market kinda likes the FED Minutes :p Market just down slightly now and 10 year yields close to LOD
     
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  8. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Department stores getting hammered again :eek: M is doing better than its peers today though. LB at multi year lows and will report earnings after the bell, will be interesting to see how they do since I am interested in a turnaround play :p
     
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  9. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Looks like LB is up pretty nicely after earnings :eek:
     
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  10. Stockaholic

    Stockaholic Content Manager

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  11. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    late notice, but could still get in if you wanted....

    Someone bought 3,500 contracts of DXC yesterday around 11:20AM at the ask price of 3.30 when the OI was only 16 contracts. This tells me that someone initiated a brand new position worth $1.2M ahead of earnings tomorrow. These are the 7/19 CALLS. I might pick up a couple contracts this morning with the futures being down. Obviously someone knows something placing this right before earnings.

    Edit - just noticed I never named the strike price. They are the $55 strike
     
    #51 AverageJoesTrades, May 23, 2019
    Last edited: May 23, 2019
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  12. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    USO taking it on the chin again this morning. Any news on oil? Might be looking at some USO puts for next week on a continuation unless it reverses today.

    On the daily if CL1! gets below 60 we could quickly see 57-55
     
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  13. OldFart

    OldFart Well-Known Member

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    Gold went a little nutz last night...

    [​IMG]
     
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  14. OldFart

    OldFart Well-Known Member

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    good numbers for the unemployment report got sold off already

    es.png
     
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  15. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    I have an open order for some PUTs at the open this morning. We'll see how it plays out!
     
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  16. OldFart

    OldFart Well-Known Member

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    good luck!
     
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  17. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Thanks! got filled on 313 contracts of the 5/31 $21.5 UNG PUTS @ .16 this morning

    crazy spread on these contracts in the morning!
     
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  18. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    classic drop then pop. I wasn't fast enough to get the big spike down. Still holding but down right now.
     
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  19. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Maybe it'll be the drop to pop to drop
     
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  20. stock1234

    stock1234 2017 Stockaholics Contest Winner

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