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Stock Market Today: September 30th - October 4th, 2019

Discussion in 'Stock Market Today' started by bigbear0083, Sep 27, 2019.

  1. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Well the services ISM was pretty weak this morning. If we get a weak jobs report tomorrow then I guess it is highly likely that the FED will cut another 0.25% later this month :p
     
    OldFart and bigbear0083 like this.
  2. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    OldFart likes this.
  3. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Growth starting to outperform Value again
    [​IMG]
     
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  4. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Transports went right down to support level
    [​IMG]
     
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  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Seemed like value outperformed when rates were shooting higher, now it looks like rates are going lower again and people are favoring growth again :p
     
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  6. Jrich

    Jrich Well-Known Member

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    stock1234, T0rm3nted and OldFart like this.
  7. Jrich

    Jrich Well-Known Member

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    6) house will not impeach, they don't have the spine to hold a vote on it, the inquiry is only to appease radical anti-Trump base... but they will spend the remainder of the Trump term holding hearings instead of governing and will pay for it in 2020
     
    #67 Jrich, Oct 4, 2019
    Last edited: Oct 4, 2019
    OldFart likes this.
  8. T0rm3nted

    T0rm3nted Moderator
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    I'd put money on it that a vote happens in the House by Thanksgiving. The house has done plenty of governing, none of it makes it to the Senate floor though.
     
  9. Bodacious

    Bodacious Active Member

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    Markets Continue to Collapse, DOW Freefalls 1,300 Points Over Depressing Manufacturing Data

     
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  10. Frankenstein

    Frankenstein Active Member

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    I exited 50% of my long positions at 2927 this morning. Profit taking and risk management
     
    stock1234 likes this.
  11. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Etrade joining the party as well :D
     
    Jrich likes this.
  12. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Solid jobs report today, but it seems like another rate cut is still coming this month since it wasn’t that hot of a report either
     
  13. Frankenstein

    Frankenstein Active Member

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    Ok. Still working on refining my trade management theory. I decided to exit 40% more of my long positions at SPX 2937. Powell speaks in 15 minutes, I think. I prefer risk management over "greed." If it collapses, I shall enter more long. If it goes up, I can profit from the 10% remaining long positions. Less profit but I don't care--my account is at an all time high. I want to build it up steadily and surely. But, of course, I am working on profiting more maximally with better trade management. Getting better but more room to improve.
     
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  14. Frankenstein

    Frankenstein Active Member

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    Out completely at 2943. Satisfied with my net profits at this level. I want to fully profit take. Now, hopefully another significant collapse so that I can re-enter long, baby!
     
  15. Frankenstein

    Frankenstein Active Member

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    Not much volume. Last hour and the SPY is at 36 million
     
  16. Frankenstein

    Frankenstein Active Member

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    I could say more, but another good entry point for long is between SPX 2900 to 2910--if it were to collapse again
     
  17. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    You could get your chance next week, market could get volatile again with the trade talk meeting next week ;)
     
  18. Frankenstein

    Frankenstein Active Member

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    So, there you have it. The SPX hit 2949.73. Close enough to 2950. I exited prematurely but in this market it's better to profit take. Risk management is prudent
     
  19. Frankenstein

    Frankenstein Active Member

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    Hope so
     
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  20. Bodacious

    Bodacious Active Member

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    Keiser Report: Make Recessions Great Again

     

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