1. U.S. Futures


    Track all markets on TradingView

Stock Market Daily Discussion Thread for August 21st - 25th

Discussion in 'Stock Market Today' started by bigbear0083, Aug 18, 2017.

Page 2 of 2
  1. bigbear0083

    bigbear0083 Administrator
    Staff Member

    Joined:
    Jul 14, 2017
    Messages:
    22,988
    Likes Received:
    4,484
    [​IMG]
     
    #21 bigbear0083, Aug 22, 2017
  2. bigbear0083

    bigbear0083 Administrator
    Staff Member

    Joined:
    Jul 14, 2017
    Messages:
    22,988
    Likes Received:
    4,484
    Morning fellas!

    Looks like we're getting a bit of a bounce back this morning. Cash S&P never made it to a -3% pullback (as of yet anyway) which means we're still w/o one in about 9 months. That's currently the 2nd longest in market history. Only 1995 did longer (12 months).

    [​IMG]
     
    #22 bigbear0083, Aug 22, 2017
    stock1234 likes this.
  3. Steven

    Steven Active Member

    Joined:
    Jul 26, 2017
    Messages:
    154
    Likes Received:
    89
    Kinda feels like an over sold bounce. Watching the 243.70 level on the spy.

    spy_009.png
     
    #23 Steven, Aug 22, 2017
    bigbear0083 likes this.
  4. Steven

    Steven Active Member

    Joined:
    Jul 26, 2017
    Messages:
    154
    Likes Received:
    89
    HUH, Orange line on the 5m is the ma(50). EOD fade below that I believe.

    spy_010.png
     
    #24 Steven, Aug 22, 2017
    stock1234 likes this.
  5. stock1234

    stock1234 Well-Known Member

    Joined:
    Jul 14, 2017
    Messages:
    2,789
    Likes Received:
    2,536
    Seems like this market just can't gain much momentum to the downside, we can't even get a 3% pullback :p
     
    #25 stock1234, Aug 22, 2017
    bigbear0083 likes this.
  6. Steven

    Steven Active Member

    Joined:
    Jul 26, 2017
    Messages:
    154
    Likes Received:
    89
    My thesis was just plain wrong today. I tried to short every level and failed. I just can't get past the big volume bars and the big red candles on the daily chart. Possibly we just need the next catalyst to send it back down.
     
    #26 Steven, Aug 22, 2017
    stock1234 likes this.
  7. Steven

    Steven Active Member

    Joined:
    Jul 26, 2017
    Messages:
    154
    Likes Received:
    89
    I am a bit depressed today cuz my thesis was wrong today, but I did make a few bucks. LOL what a game we play!
     
    #27 Steven, Aug 22, 2017
    bigbear0083 likes this.
  8. bigbear0083

    bigbear0083 Administrator
    Staff Member

    Joined:
    Jul 14, 2017
    Messages:
    22,988
    Likes Received:
    4,484
    [​IMG]
     
    #28 bigbear0083, Aug 23, 2017
  9. stock1234

    stock1234 Well-Known Member

    Joined:
    Jul 14, 2017
    Messages:
    2,789
    Likes Received:
    2,536
    Market pulling back today, I think they are blaming the drop today on the speech from Trump last night :eek: :p
     
    #29 stock1234, Aug 23, 2017
  10. bigbear0083

    bigbear0083 Administrator
    Staff Member

    Joined:
    Jul 14, 2017
    Messages:
    22,988
    Likes Received:
    4,484
    It's kind of startling (to me anyways) to see how well the markets have been holding up here and how calms things have been, despite some shenanigans (to put it mildly :p) out there.

    It's like pulling teeth to get this market markedly lower. These -0.25% days here and there are pretty insignificant in the big picture.

    I believe it was @Baggi who said that chopping around these levels won't get us much lower ... we'd need to see a huge selloff to really get some momentum going on the downside.

    We haven't seen that as of yet ... and we're still w/o a -3% pullback on the SPX! :p

    Looks like we may just be put on hold until around Ocotber-ish? Unless some really crazy black swan event were to hit before then.

    I hope we're not in for too much more chop. I'd like to see some direction then continuation of said direction. :p
     
    #30 bigbear0083, Aug 23, 2017
  11. bigbear0083

    bigbear0083 Administrator
    Staff Member

    Joined:
    Jul 14, 2017
    Messages:
    22,988
    Likes Received:
    4,484
    [​IMG]
     
    #31 bigbear0083, Aug 24, 2017
  12. bigbear0083

    bigbear0083 Administrator
    Staff Member

    Joined:
    Jul 14, 2017
    Messages:
    22,988
    Likes Received:
    4,484
    Happy 2-year Anniversary! :p

     
    #32 bigbear0083, Aug 24, 2017
  13. stock1234

    stock1234 Well-Known Member

    Joined:
    Jul 14, 2017
    Messages:
    2,789
    Likes Received:
    2,536
    Seems like grocery stocks getting hit after Amazon announcing that they will offer discounts at Whole Foods.
     
    #33 stock1234, Aug 24, 2017
  14. Baggi

    Baggi Member

    Joined:
    Jul 23, 2017
    Messages:
    31
    Likes Received:
    29
    My prediction for this week is looking in doubt. Unless Friday brings us a Hurricane sell off (Due to all the drama from news media hyping it), I think I may end my streak at 6.
     
    #34 Baggi, Aug 24, 2017
  15. bigbear0083

    bigbear0083 Administrator
    Staff Member

    Joined:
    Jul 14, 2017
    Messages:
    22,988
    Likes Received:
    4,484
    Good morning guys. Happy Friday! I'm running a little late this morning. Is Yellen expected to speak this morning?

    [​IMG]
     
    #35 bigbear0083, Aug 25, 2017
  16. stock1234

    stock1234 Well-Known Member

    Joined:
    Jul 14, 2017
    Messages:
    2,789
    Likes Received:
    2,536
    Yeah she spoke but I think she said nothing on the potential future rate hikes. Mario Draghi of ECB will speak at around 3 PM I think
     
    #36 stock1234, Aug 25, 2017
  17. stock1234

    stock1234 Well-Known Member

    Joined:
    Jul 14, 2017
    Messages:
    2,789
    Likes Received:
    2,536
    Looks like the Euro is higher and the dollar is lower after Draghi
     
    #37 stock1234, Aug 25, 2017
(You must log in or sign up to post here.)
Page 2 of 2