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Stock Market Today: October 7th - 11th, 2019

Discussion in 'Stock Market Today' started by bigbear0083, Oct 4, 2019.

  1. Frankenstein

    Frankenstein Active Member

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    My theory says a 2950 test has to happen sometime in the future--so entering at 2900 is acceptable
     
  2. StockJock-e

    StockJock-e Brew Master
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    Dow Jones Sells Off On Growing Pessimism On U.S.-China Trade Talks; Nike Falls 2%
     
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  3. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Market bounced a little bit as Powell is speaking but now selling off again :p
     
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  4. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    OldFart likes this.
  5. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    It was Powell vs China today.

    Love the reasoning for the visa restrictions. We can't just say it is part of the trade war. Who can even pronounce Xinjiang?

    I did some research to find video of the comedian that said "War is God's way of teaching us geography", and it's here in the first minute. (warning: thread crossover from the cocktail lounge)


    The interweb is trying to give credit for this quote to Mark Twain, but it's not in any of his written work.
     
    OldFart and stock1234 like this.
  6. bigbear0083

    bigbear0083 Content Manager
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  7. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    FED Minutes at 2 PM, I doubt it will be market moving but we will see :D
     
  8. Frankenstein

    Frankenstein Active Member

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    Ok. All out long. I exited at SPX 2923 for profit taking. Now, hopefully, it collapses yet again!
     
    stock1234 likes this.
  9. Frankenstein

    Frankenstein Active Member

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    In this volatile environment, I believe in profit taking over "investing"
     
  10. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Looks like the best hope for the market on trade would be a mini deal or tariffs to be delayed . Expectations are pretty low so I wouldn’t be surprised to see us rallying a little bit on any good news :p
     
  11. Frankenstein

    Frankenstein Active Member

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    2929 to 2920 immediate collapse. Hmmm
     
  12. Frankenstein

    Frankenstein Active Member

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    If it collapses to non-above SPX 2900, I'm going to jump in again long!
     
  13. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    bigbear0083 likes this.
  14. bigbear0083

    bigbear0083 Content Manager
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    Three Eyes, T0rm3nted and stock1234 like this.
  15. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    The Chinese delegation to the trade talks are leaving early, going by Thursday. Hopes are taking a hit, /ES to 2888.
     
  16. Frankenstein

    Frankenstein Active Member

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    Looking at SPX futures, 3 hours after the cash market closed. The SPX is at 2885. I'll have to look again at my charts and see when exactly it would make sense to enter long.
     
  17. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    U.S. Weighs Currency Pact With China as Part of Partial Trade Deal

    https://www.bloomberg.com/news/arti...t-with-china-as-part-of-partial-deal-k1k0nzdm

    Wild swings for the futures tonight, futures still down a little bit but not nearly as much as a few hours ago :eek:
     
  18. bigbear0083

    bigbear0083 Content Manager
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  19. bigbear0083

    bigbear0083 Content Manager
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    market map heading into the afternoon session:

    [​IMG]
     
  20. Frankenstein

    Frankenstein Active Member

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    I had mentioned my theory says the SPX would test 2950. It hit 2948. I had hoped for the collapse to 2880 and then I could have gotten in for this ride to 2950. Oh, well. Maybe next time
     

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