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Stock Market Today: September 2nd - 6th, 2019

Discussion in 'Stock Market Today' started by bigbear0083, Aug 31, 2019.

  1. bigbear0083

    bigbear0083 Content Manager
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  2. Frankenstein

    Frankenstein Active Member

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    Ok. Totally out at SPX 2930 for profit taking
     
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  3. bigbear0083

    bigbear0083 Content Manager
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    man, it has been quite some time that i can remember such a choppy market (at least if we're speaking of the indicies). below is the intraday chart of the spx dating back to basically the start of this pullback in the beginning of august. there have been a series of 11 different rallies ranging between 1% and 4%, and in between each of those rallies has seen 10 different declines that has seen the same range of 1% and 4%. "long live volatility" as frankie would say. it's definitely a traders heaven these days if you can capture it. but in the bigger picture, we've haven't gone anywhere for the past month in the spx. :p

    [​IMG]
     
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  4. Frankenstein

    Frankenstein Active Member

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    The SPY volume on today's rally not high--might have a chance to re-enter long at 2900 again
     
  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Nice trade :)
     
  6. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Yeah while we had a lot of volatility, the market pretty much has gone nowhere lately :p
     
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  7. stock1234

    stock1234 2017 Stockaholics Contest Winner

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  8. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Apple event next Tuesday, but seems like there is no hype about it at all this time or I am not paying enough attention to news :p
     
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  9. OldFart

    OldFart Well-Known Member

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    I just got version 12.4.1 update for the phone....which is a fix for a mistake from the last update...:eek:

    they're starting to act like Windows 10 programmers....
     
    #29 OldFart, Sep 4, 2019
    Last edited: Sep 4, 2019
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  10. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    I've got MU testing this downtrend line
    [​IMG]
     
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  11. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Growth stocks underperforming value stocks in the last week.
    [​IMG]
     
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  12. Frankenstein

    Frankenstein Active Member

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    At this point, I don't like the idea of entering long above SPX 2900. The risk reward is not worth it. It could break out above 2940...but you have to be sensible
     
  13. Frankenstein

    Frankenstein Active Member

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    This is not based on my theory. Just a thought. I'd like an entry around SPX 2800 to 2850 one more time for a possible re-test of the ATH
     
  14. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Cool data bigbear. VIX has been over 16 for a month, and we've only moved 2840-2940 SPX, but of course many times crossing top to bottom to top to ...
    [​IMG]
     
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  15. StockJock-e

    StockJock-e Brew Master
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    Wait for the the tweet that all tariffs are canceled. I swear this is going to be the strategy ;)
     
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  16. OldFart

    OldFart Well-Known Member

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    twitter account is locked and loaded
     
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  17. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

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    I dunno how many of you all hedge your ports with an inverse ETF like TZA, but August has been awesome for selling calls (short term weeklies) against those hedges. With all the market whipsawing, they've been expiring worthless for a set up to do it all over again. You know it's fun if you're making $ hedging the hedges.
     
  18. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    I have GLD and TLT as hedges just in case if we have some big equities selloff, both have exceeded my expectations this year :p
     
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  19. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    All the AH reports are falling apart.
    Has been an unkind season for cloud stocks ever since SPLK.
     
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  20. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    PANW has recovered.
    MNK down nearly -50% after hours, my headline reading says they are going to restructure the company.
     

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