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Stock Market Today: November 12th - 16th, 2018

Discussion in 'Stock Market Today' started by bigbear0083, Nov 9, 2018.

  1. Steven_Burt

    Steven_Burt Well-Known Member

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    I think it would take some bad news to push it below 2640 level, otherwise I believe buyers would be stepping in and buying there.
     
  2. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Consumer staples XLP is strong, stuff like KO. But there's some struggling stocks in there too like MO.
    It's a battle in there, just like the market at large.
    But don't want to see consumer staples leading this market if you're a bull.

    Maybe I'm trying to talk myself into shorting KO at the top haha.
     
    #102 anotherdevilsadvocate, Nov 16, 2018
    Last edited: Nov 16, 2018
    Jrich and stock1234 like this.
  3. stock1234

    stock1234 2017 Stock Picking Contest Winner

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    [​IMG]

    Another tough day for FB :eek:
     
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  4. stock1234

    stock1234 2017 Stock Picking Contest Winner

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    Yeah bonds yields lower today, high dividend sectors like utilities, real estate, and staples mostly doing well
     
  5. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Relative strength of KO, perhaps it's time for a pullback.
    [​IMG]
     
  6. stock1234

    stock1234 2017 Stock Picking Contest Winner

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    [​IMG]

    Speaking of staples, I didn’t know the merger of Dr Pepper and Keurig until now :p
     
  7. Frankenstein

    Frankenstein Active Member

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    looks rangebound today
     
  8. stock1234

    stock1234 2017 Stock Picking Contest Winner

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    Fed's Clarida says central bank getting closer to neutral and should be 'data dependent' on more hikes
    • Federal Reserve Vice Chairman Richard Clarida said the central bank's benchmark short-term rate is getting closer to a "neutral" level.
    • The distinction is important for the Fed as it moves to a policy that is neither restrictive nor stimulative.
    • In a CNBC interview, Clarida also said the U.S. economy is in good shape though pockets of the world are "slowing."
    https://www.cnbc.com/2018/11/16/fed...-data-dependent-mode-now-with-rate-hikes.html

    All of the sudden the FED now seems to be a little more dovish :p Lower rates and weaker dollar today probably helping the market a little bit today.
     
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