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Stock Market Today: October 21st - 25th, 2019

Discussion in 'Stock Market Today' started by bigbear0083, Oct 19, 2019.

  1. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    https://www.cnbc.com/2019/10/24/square-launches-stock-trading-on-its-popular-cash-app.html

    Square launches stock trading on its popular Cash App

    • Square is bringing free stock trading to its popular peer-to-peer Cash App, and the ability to trade fractions of a stock for as little as $1.
    • The new feature positions Square against start-up Robinhood, which has ushered in more than 6 million users with a zero-fee trading model.
    • Other fintech start-ups like SoFi have introduced the fractional trading feature for first-time traders who might otherwise be priced out of buying popular tech names like Amazon, Facebook, or Apple. Charles Schwab also introduced fractional trading last week.

     
    T0rm3nted and OldFart like this.
  2. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Looks like tech and growth leading the way today with some earnings beat from PYPL, TSLA, NOW, and LRCX, etc :eek:
     
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  3. bigbear0083

    bigbear0083 Content Manager
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    i know marcy has brought this up in here more than a handful of times. it will be interesting to see if the trannies can break out here, giving fuel to the overall markets' run to new ATHs perhaps? o_O

    [​IMG]
     
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  4. bigbear0083

    bigbear0083 Content Manager
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    so next week is the fed meeting, and by all accounts it looks like we're in for another 0.25% basis point cut again.

    this isn't my chart but thought it was worth a quick share in here.

    here is the spx historical returns for 1, 3, 6 and 12 months after the fed had cut rates 0.25% three times previously.

    [​IMG]

    not too shabby.
     
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  5. bigbear0083

    bigbear0083 Content Manager
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  6. T0rm3nted

    T0rm3nted Moderator
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    I think trannies has a different connotation ;)
     
  7. bigbear0083

    bigbear0083 Content Manager
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    market map as we head into the final 3 hours of this trading week:

    [​IMG]
     
  8. bigbear0083

    bigbear0083 Content Manager
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    looks like spx just narrowly missed printing a new ATH intraday today ... but still trading above its closing ATH as of now. would be a little surprised if we didn't print the new high before this day is out :p
     
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  9. bigbear0083

    bigbear0083 Content Manager
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    we still have another 2 months to the year but as of now looks like this would be the spx (on total return basis) best pre-election trading year since 2003. pretty much hitting around the average since the 1940s, of course absent any black swans from now and until eoy :p

    [​IMG]
     
  10. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Yeah looks like we might finally be able to break above of the ATH pretty soon :eek:

    The FED will be interesting to watch next week, feel like it will difficult for them to be as dovish as the market wants :p
     
  11. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    What a week for TSLA :eek: Another one that I got in with a terrible entry but now I am getting much closer to break even lol :p
     
  12. bigbear0083

    bigbear0083 Content Manager
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    pulling this from the bull thread, but worth noting that when the spx is up +10% or greater to kick off the first quarter of a trading year, the full year has never been red (perfect 10/10). the full year is higher by an average of +20.7%.

    guess what the spx is currently up ytd as of this point? if you guessed +20.7% you'd be correct :p

    [​IMG]
     
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  13. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    That’s really an interesting stats there Cy :eek: Yeah I guess we are on track for a pretty good year for the bulls. We probably would only lose those gains if all of the sudden the trade talks look bad again or we get some really bad data to cause the recession fears :p
     
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  14. bigbear0083

    bigbear0083 Content Manager
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    whelp, i hope everyone in here had a pretty decent trading week. i really find it hard to believe that next week we'll be closing the books to october and welcoming in november. it's crazy to me that we're only down to 2 months left in the year :eek:
     
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  15. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    I know lol, can’t believe the holiday season is coming up again. I felt like I ate my turkey and went to Black Friday shopping not too long ago lol :p
     
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  16. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Didn’t trade much at all this week, but overall it was still an okay week for me since the beaten up stocks in my portfolio like BIIB and TSLA actually had a great week lol :p Still losing money on those though due to bad entry :mad:
     
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  17. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Gonna be a record closing for the SPX right? Looks like we won’t touch the intraday new highs though :p
     
  18. bigbear0083

    bigbear0083 Content Manager
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    looks like we just missed it by 2 handles on the close :p

    next week should be pretty interested as you had alluded to earlier as we have the fed and another jam packed week for ER :eek:

    we'll see if this market can finally blast through after so many failed attempts :p
     
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