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Stock Market Today: October 29th - November 2nd, 2018

Discussion in 'Stock Market Today' started by bigbear0083, Oct 27, 2018.

  1. bigbear0083

    bigbear0083 Content Manager
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    haha, now i'm gonna need to check to see if this is still the worst month for the NASDAQ since post-Lehman :p

    might not be with today's move, but still a pretty bad month to say the least lol

    oh man i forgot all about the nfp's this week, thx for that reminder @stock1234 gonna get that monthly nfp poll up soon :D

    the adp # was a pretty nice beat this morning :eek:
     
    stock1234 likes this.
  2. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    IYK (consumer goods) looks OK to me. Held support at 112 during the last 3 weeks while the general market was struggling. Took a look inside it and saw video game companies make up a small part of it. Therefore looks like EA is giving a good entry here
    [​IMG]

    TTWO reports next week, it has held up the best among the 3 major publishers (EA, ATVI, TTWO).
     
  3. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    LYV reports tomorrow, man it has stayed strong.
    Weekly chart with 20 ma shown (you can take it as 50 dma approximation)
    [​IMG]
     
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  4. Steven_Burt

    Steven_Burt Well-Known Member

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    I was looking at EA today as well. Still pretty strong volume, feels like it needs a day or two more to me.
     
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  5. Frankenstein

    Frankenstein Active Member

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    I'd like to see a test of the 2600 level after today's 2736 rally
     
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  6. Frankenstein

    Frankenstein Active Member

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    Volume only at 80 million for a 54 handle rally. Not a lot of conviction by the bulls. But, of course, a 2650 to 2700 re-trace is more realistic.
     
  7. Frankenstein

    Frankenstein Active Member

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    The trading is challenging in this environment--but interesting. The key is to know that there is a difference between price action prediction and trade management. Ideally, you hone your skills at both.
     
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  8. Steven_Burt

    Steven_Burt Well-Known Member

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    Volatility is great for traders, not so much for investors.
     
  9. Frankenstein

    Frankenstein Active Member

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    Right. But, a person can be BOTH a trader and an investor. But you have to know when one or the other applies and then how to do handle each "role."
     
  10. Steven_Burt

    Steven_Burt Well-Known Member

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    LOL, the better I became at trading the worse my long term portfolio performance became. I used to lose money trading but always outperformed the markets significantly in my long term portfolio. lately it has reversed and I have had to become a lot more disciplined in the investment end.
     
  11. bigbear0083

    bigbear0083 Content Manager
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    ding ding ding! whoo! and there's the bell! wow it has been a month of volatility to remember! :D

    i'm gonna try to check on those stats a bit later to see if this was like the "worst since when..." for the indices :p
     
  12. bigbear0083

    bigbear0083 Content Manager
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    well nevermind ... cnbc made my job easy today, and i needed it as i'm gonna be heading out to a halloween party in a bit :p

    so here is a wrap to the month that was for the major indices-
    • The S&P 500 lost 6.9 percent in October, its biggest one-month slide since September 2011, when it fell 7.2 percent.
    • The Dow dropped 5.1 percent to post its biggest monthly fall since January 2016, when it dropped 5.5 percent.
    • The Nasdaq plunged 9.2 percent, its largest monthly pullback since November 2008, when it shed 10.8 percent.
    [​IMG]
     
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  13. stock1234

    stock1234 2017 Stock Picking Contest Winner

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    Definitely a very volatile months, let's see if the volatility will continue for rest of the year :eek:

    Can't believe there is just 2 months left for 2018 :eek: Time flies :eek:
     
  14. FutureNvrEndz

    FutureNvrEndz Member

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    Pretty nice head and shoulders intraday in the QQQ


    QQQ.png
     
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  15. bigbear0083

    bigbear0083 Content Manager
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  16. bigbear0083

    bigbear0083 Content Manager
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    Good morning to all. Welcome to November!

    Here is this morning's pre-market stock movers & news thread for those of you wanting to get a quick read before today's open-
    [​IMG] <-- click there to read!

    Hope everyone has a great trading day ahead today on this first trading day of the new month.
     
  17. bigbear0083

    bigbear0083 Content Manager
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    some interesting stats i came across earlier this morning thought to share here as well-

    so the SPX 6-month winning streak was snapped in oct. however on the bright side, since 1990, there have been ten other 6-month winning streaks. a year later the SPX was higher every single instance and up on average +13.6%.

    the large oct. decline, but yet still positive ytd is very rare. since 1950, only 1971, 1979 and 1987 saw the SPX fall at least -4% in oct. however finish the month positive ytd. the final 2 months returns were +8.4%, +6.0%, and -1.9% respectively.

    i'm still thinking once we get through this binary event (aka, midterm election) next week, things will begin settling down.

    holiday season coming up historically a favorable time, absent of course a black swan :p
     
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  18. stock1234

    stock1234 2017 Stock Picking Contest Winner

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    3 nice days in a row for the market :D This headlines probably helping a little too

    Trump says he and China's Xi had 'long and very good' trade conversation

    https://www.cnbc.com/2018/11/01/tru...ed-long-and-very-good-trade-conversation.html

    Now if we get good earnings from AAPL after the bell and a good jobs report (not too hot, not too cold), then we probably can close out the week strongly before the election next Tuesday :p
     
    #78 stock1234, Nov 1, 2018
    Last edited: Nov 1, 2018
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  19. bigbear0083

    bigbear0083 Content Manager
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    Good Riddance, October

    Well, it’s a good thing that October is over. In the end, the S&P 500 Index lost 6.9%, for the worst month since September 2011.

    Here are some of the highlights—or lowlights—from the month:
    • Besides being the worst month for the S&P 500 in seven years, the Dow Jones Industrial Average lost 5.1% for its worst month since January 2016, while the Nasdaq’s -9.2% return marked its worst month since November 2008. The big loser was small caps though, as the Russell 2000 Index fell 10.9%, its worst month since September 2011.
    • The six-month win streak for the S&P 500 is officially over. Want some good news? Since 1990, it has had 10 other 6-month win streaks, and the index was higher every single time 12 months later, up 13.6% on average.
    • The S&P 500 fell 16 days during the month, tying the most down days for any one month since October 2008.
    • The first back-to-back up days for the S&P 500 took place on the final two trading days of the month, with the index gaining more than 1% each day. This occurred nearly right on cue, as the end of the month tends to see the best moves.
    [​IMG]
    • In fact, the S&P 500 had gone 28 consecutive trading days without back-to-back up days. As our LPL Chart of the Day shows, that tied the longest streak going back to the Great Depression. That sums up how persistent the selling has been recently.
    [​IMG]
    • After not a single 1% move up or down during the entire third quarter, the S&P 500 saw 10 changes of at least 1% up or down last month. That was the most for any month since 12 changes back in February 2018. October even had four changes of at least 2%, for the most since January 2016.
    • Lastly, turning to the Dow, in terms of the cumulative intraday range for the Dow during October, it moved a total of 9,872 points. Only February 2018 and October 2008 had larger movements.
    “October was a rough ride, and most investors are likely quite happy to wave it goodbye. The good news remains that valuations are the lowest they’ve been in years, earnings continue to surprise to the upside, and November and December during a midterm year are historically quite strong,” summarized LPL Senior Market Strategist Ryan Detrick.

    [​IMG]
     
  20. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Let's see if the CC turns things around for AAPL. It looks like it's found a bottom AH.
     

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