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Stock Market Today: November 18th - 22nd, 2019

Discussion in 'Stock Market Today' started by bigbear0083, Nov 16, 2019.

  1. bbear

    bbear New Member

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  2. bbear

    bbear New Member

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    And option traders seem to think market is going higher...maybe a correction soon first though...

    https://dausel.co/sTQBFj
     
  3. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    HD reports tomorrow morning. At a glance looks like it is finding support at the 50 sma, but its relative strength is lagging. May have just happened to be bouncing at 50 sma because the market was so hot.
     
    OldFart likes this.
  4. bigbear0083

    bigbear0083 Content Manager
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  5. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    DAVA with a nice report this morning.
    IPO'd this year but only trades 100,000 shares daily.
     
    stock1234 likes this.
  6. bigbear0083

    bigbear0083 Content Manager
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    Which of These Sectors is Not Like the Other
    Tue, Nov 19, 2019

    The S&P 500 is right at all-time highs, but if you look at your portfolio or a random list of stocks, with some of the winners there are bound to be some clunkers. Before getting too restless, though, it's important to keep in mind that not all stocks rally or decline in unison with each other. The chart below perfectly illustrates this. In it, we show the average distance that stocks in the S&P 1500 are trading with respect to their 52-week highs. For the S&P 1500 as a whole, stocks in the index are collectively trading an average of 16.2% from their respective 52-week highs. Large-cap stocks in the S&P 500 are the closest to 52-week highs at just a hair above 10%. Mid Caps are down an average of 14.8% while small caps have been the big laggard with stocks in the S&P 600 down an average of 22.2% from their 52-week highs.

    [​IMG]

    Small-cap stocks have been a laggard for the last year, and one of the key drivers of that weakness has been the Energy sector. The chart below shows how far stocks in the S&P 1500 are trading relative to their 52-week highs broken out by sector. It's not often that you see one sector as such a big outlier relative to all the others, but the Energy sector is in a league of its own these days. Stocks in the sector are more depressed than any other, trading down an average of 42.8% from their 52-week highs. Behind Energy, the next closest sector is Communication Services at an average of 22.7%. That's a spread of more than 20 percentage points between the two sectors with stocks furthest below their 52-week highs!

    While stocks in the Energy and Communication Services sectors are the furthest below their 52-week highs, sectors that are the closest include Utilities and Financials where the average stock in each sector is down less than 10% from their 52-week highs.

    [​IMG]
     
  7. bigbear0083

    bigbear0083 Content Manager
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    market map heading into the afternoon session:

    mixed bag today, but HD and T the notable laggards.

    [​IMG]
     
    stock1234 likes this.
  8. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Market holding up pretty well despite some poor earnings from the retail this morning :eek: I might buy a little but of M as a small gamble after it is getting hammered by the earnings from KSS :p
     
    Three Eyes and bigbear0083 like this.
  9. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

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    Ha ha, same here. Also got my eye on ANF having played it twice to slowly accumulate shares since it got shellacked in late May.
     
    stock1234 likes this.
  10. bigbear0083

    bigbear0083 Content Manager
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  11. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Now it sounds like the Phase 1 deal might not be happening so soon again lol, not surprising since we are dealing with the Chinese
     
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  12. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Market rallying, remembering that Friday there will be a tweet that trade talks are going well.
     
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  13. bigbear0083

    bigbear0083 Content Manager
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    haha, that was a good call from the other week @stock1234 :D
     
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  14. bigbear0083

    bigbear0083 Content Manager
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    market now back at the halfback point of the entire down move ... we'll see how the close settles.

    i'm still thinking the up move isn't quite done yet as the ATH in the /ES futures was made in the ETH (extended hours trading) session the other day, and w/o an excess high in the market profile. just my 2c :p
     
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  15. bigbear0083

    bigbear0083 Content Manager
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    whelp, looks like that SPX w/o back-to-back red closes streak will be coming to an end today, absent a late day rally that finishes us in the green :p

    w'ell still tie the mark from 2005 at 30 days in a row :p

    [​IMG]
     
  16. bigbear0083

    bigbear0083 Content Manager
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    oh and here's another streak that likely will end today of the spx trading above its 10ma w/o back-to-back red closes. although this current streak has outlasted the last previous longest streak in 2004 at 28 trading days. you'd have to go all the way back to 1955 to find a longer streak, and that one ended 36 trading days :p

    [​IMG]
     
  17. bigbear0083

    bigbear0083 Content Manager
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    forgot to make a quick mention of this streak too, that while we've tied the 2005 streak at 30 trading days in a row w/o back-to-back down closes, you would have to go all the way back to 1955 and 1950 to find a longer streak. those were both at 37 trading days.

    dang, woulda been kinda cool to make some history with that stat this week lol :p
     
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  18. bigbear0083

    bigbear0083 Content Manager
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    oh and just to quickly clarify what i meant here, it is a really good call by you @stock1234 in that i know you've been on the side that a trade deal would not actually be "signed" this year. i know you've been thinking that all year actually. great call ;)
     
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  19. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Seasonality in favor of stock despite we have seen some sell off in early December before :p Yeah I think we go higher into end of the year but wouldn’t surprised me the market starts to worry about trade all of the sudden again at the beginning of next year if the Phase 1 deal is still not signed by end of this year :p
     
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  20. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Entered M at $15.11. Earnings probably will be bad tomorrow morning, but I am hoping that the bad earnings are already baked in after the stocks diving 10% yesterday. Just a small gamble :p
     
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