ok, so i'm out on my little labor day weekend trip with my family here in asheville, nc but i brought my laptop with me here (Lol) because i can't get enough of Stockaholics! everyone is asleep right now so i have some time this morning and i went ahead and whipped up these 2 charts that i wanted to share with y'alls these are charts highlighting EVERY single noteworthy pullback that we have seen in the cash s&p 500 ever since this bull market begain in march 2009... you guys know me, i'm pretty damn meticulous when it comes to perfecting statistics like these ... so rest assured that every single percentage figure you see down blelow on my chart here is absolutely 100% accurate- so, what is so noteworthy about this particular chart you may ask? notice how we have only endured 3 solid corrections of -10% or greater since the '07-'09 bear market concluded ... and that we went over 4+ full years w/o a -10% correction (which i believe was one of the longest stretches on record if i'm not mistake?) before august 2015 happened ... in addition to that we've yet to experience even the very minimum bear market of -20% on a closing basis.... fact is we have gone over 2,700+ days w/o a really nice -20% draw down in price off highs which believe it or not is the 2nd longest stretch in the history of the market ... with only the mega '90s raging bull market being the longest stretch ever! if we were to go the next 2 years w/o pulling back at least -20% minimum from the highs, this would exceed the raging '90s bull run and mark this the longest stretch that we have gone w/o said price correction ever in history! will it happen? that being all said, you can see how we did actually breach the -20% threshold on an "intraday" basis in august of 2011 ... but as we know these are not nearly as important as what is done on a "closing" basis... anyway, just thought to share this with y'alls as we head into the elections, etc ... i'm not suggesting we're gonna crash down -20% from here or nothing ... but needless to say you can see just how overextended this market is and would be perfectly healthy imho if we actually did see the minimum -20% price draw down one of these years should be interesting to see how these next couple of months play out as we're finally going to get out of the summer doldrums and most traders back from the hamptons, etc... have a great labor day weekend fellas!
ShadowTrader Video Weekly 9.4.16 - ACIA, TWLO, TSLA, CMG, Gold, BABA Video from ShadowTrader Peter Reznicek
supposedly saudi is signing a deal with russia, oil popped 3% , now back above 45, would be interesting to see if it makes a run towards 50. BOJ dissapoints again on easing expectations, gold currently up at 1330, this is the battleground level, gold needs to get back above 1330 and hold.
Popping in for a quick Happy Labor Day shout out to y'all -- hope you're resting easy & enjoying the weekend!
bwahahah ... okay fine, i'll try! lol hey hey! look who's back! good to see you back in action, @Value543
Good morning Stockaholics! As my buddy Ben Lichtenstein who squawks it up from the futures pits in Chicago would always say: "It's a new week, new month, fresh start!" "Hope you were all able to get RRRRRRRRRRRRRR'd (Rested, Relaxed, Refreshed) this long weekend and are ready to go!" Let's hope for some better market action in these weeks/months to come now that we're finally winding down the summer doldrums
#CL_F $CL_F #Crudeoil levels to watch 45.63 // 44.80 // 43.94 #ES_F $ES_F #SPY levels to watch 2186 // 2174.50 // 2162.75
Good morning Stockaholics! Happy Tuesday! Frontrunning: September 6 G20 a success for China, but hard issues kicked down the road (Reuters) Apple’s New iPhones Arrive, as Glow Fades (WSJ) Philippines scrambles to soothe tensions after insult to Obama (Reuters) CNN: Nine weeks out, a near even race (CNN) More Records Releases Loom for Hillary Clinton (WSJ) Clinton rejects Mexico invitation after Trump's diplomatic ruckus (Reuters) Behind the 1MDB Scandal: Banks That Missed Clues and Bowed to Pressure (WSJ) Turkish air strikes hit 12 targets in north Iraq: military (Reuters) Hanjin Shipping parent raising funds to unload stranded cargo (Reuters) Junk Debt Getting Crowded (WSJ) Ailes hires Hollywood libel lawyer to take on New York magazine (FT) Japan's Central Bank Should Wait for the Fed, Abe Advisor Says (BBG) Bayer sweetens Monsanto bid as talks enter final stretch (Reuters) China Is About to Get Serious With Bad Debt (BBG) Enbridge to Buy Spectra Energy in $28 Billion Deal (WSJ) Libor Surge Reverberates All the Way to China’s Currency Market (BBG) California Court Case Opens Door for Pension Benefit Reductions (BBG) SpaceX Blast Threatens to Leave NASA in a Bind (WSJ) China's pension funds under pressure with rising payments: Xinhua (Reuters) Obama says North Korea sanctions must be implemented after missiles fired (Reuters) STOCK FUTURES NOW: TODAY'S ECONOMIC CALENDAR: MOST ACTIVE PRE-MARKET DISCUSSIONS (SYMBOLS ARE CLICKABLE!): REN DVAX CLCD MON GE KPTI INTC CPHD MRVL NAV SE PYPL BIIB GILD PI DDD SSYS UNG DHR LLL MA DVN LMT VFC EQIX TODAY'S EARNINGS CALENDAR: THIS MORNING'S EARLY NEWS MOVERS: Navistar — Volkswagen is buying a 16.6 percent stake in the truck maker for $256 million and will take two seats on the Navistar board. Spectra Energy — The Houston-based company is being bought by Canadian pipeline giant Enbridge in an all-stock deal worth $28 billion. The transaction creates the largest energy infrastructure company in North America. Cepheid — The molecular diagnostics company is being bought by science and technology provider Danaher for $53 per share, or about $4 billion total including the assumption of debt. Danaher said Cepheid would add to earnings in the first year after the deal is complete. Herbalife — Investor Carl Icahn bought nearly 307,000 more shares on August 31, according to a Securities and Exchange Commission filing, and now holds about 19.6 million shares in the maker of nutritional supplements. Monsanto — Germany's Bayer raised its bid for Monsanto to $127.50 per share, up from its prior $125 per share. The agricultural chemical and seeds company said it was having "constructive" discussions with Bayer about a possible deal. General Motors — The automaker settled the last two of so-called "bellwether" cases over its ignition switch issue. The faulty switches were linked to 124 deaths and 275 injuries. Liberty Media — Liberty Media is close to a deal to buy a 10 percent to 15 percent stake in racing car series company Formula One, according to theFinancial Times. The paper said a final deal is expected to be announced within the next two weeks. General Electric — GE announced deals to acquire two European 3-D printing firms for a total of $1.4 billion. GE's deals appear to have spurred interest on other 3-D printing stocks such as 3D Systems andStratasys, which are moving higher in premarket trading. Intel — Intel was upgraded to "buy" from "hold" at Evercore, which notes the chipmaker's underperformance compared to other semiconductor stocks and potential catalysts to improve its financial results. Urban Outfitters — Urban Outfitters was added to the "Franchise Picks" list at Jefferies, which said the apparel retailer appears to be ahead of the curve on several trends in the industry including a "retro" trend popularizing fashions from the '90s. Gilead Sciences — The drugmaker was upgraded to " buy" from "hold" at Jefferies, citing confidence in the prospects for Gilead's HIV treatments among other factors. Barnes & Noble — Barnes & Noble got a positive mention in Barron's, which said the shares are a bargain based on a misperception that the book seller is being badly outflanked by Amazon.com. Goodyear Tire — Deutsche Bank upgraded the tire maker's shares to "buy" from "hold," citing earnings growth prospects and increased cash payouts to shareholders, among other factors. PayPal — The payment services company struck a deal withMasterCard, allowing users to set MasterCard credit or debit cards as a default payment method. In return, MasterCard is dropping a fee that it had been charging PayPal, which has a similar deal in place with Visa. Lockheed Martin — Citi resumed coverage on the defense contractor with a "buy" rating, saying it likes defense stocks in general and most favors ones with revenue and margin expansion on the horizon. Mondelez International — JPMorgan Chase rates the snacks maker "overweight," pointing both to the potential as a takeover play as well as a cost savings plan that is running ahead of schedule. Good trading day to everyone in here on this Tuesday!
Yeah, perhaps short covering. I was wondering how much more the likes of GILD can drop. It cracks me up on Shadowtrader when Brad plays the "Close Encounters" music, and says you have to be an alien to trade this choppy market.
yup, we got some more nasty numbers. ISM non-manufacturing index at 51.4 in Aug vs 55.0 reading expected gold just popped, now above 1340!
