1. U.S. Futures


Stock Market Daily Discussion Thread for August 7th - 11th

Discussion in 'Stock Market Today' started by bigbear0083, Aug 4, 2017.

  1. stock1234

    stock1234 Well-Known Member

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    Nice stats Cy, interesting to know :eek: breaking 39 seems to be almost a sure thing, and 49 is definitely very doable
     
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  2. bigbear0083

    bigbear0083 Administrator
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    just a slight correction to this chart i had posted ... actually those are dj30 closing highs as of august 7th 1900 through august 7th 2017! whoops! knew i was screwing something up there lol :D

    here is the correct chart showing the "full year" 1900 through 2017-

    [​IMG]

    that looks much more accurate! my bad lol

    so, actually in 2013 there were 52 ATH closes for the dj30 for that full year and the record was in 1995 with 70 (wow!) record closes for that full year ... so we're only at the halfway point of that mark right now ... but hey we still have another 4 months of the trading year left! anything is possible :p

    but, i'm not so sure we'll be able to double our current mark by EOY personally ... we'll see! :D
     
  3. bigbear0083

    bigbear0083 Administrator
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  4. Steven

    Steven Active Member

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    MYOK and WTW trading very well today
     
  5. Jrich

    Jrich Active Member

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    My stock cat.... keeping an eye on the CNBC ticker for me

    She likes crude


    20170808_093836.jpg
     
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  6. Steven

    Steven Active Member

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    New intra day high on the SPY
     
  7. Steven

    Steven Active Member

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    Like a Champ!
    myok.png
     
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  8. stock1234

    stock1234 Well-Known Member

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    The DOW just turned red (for now) and the SPX really pulling back from the highs
     
  9. bigbear0083

    bigbear0083 Administrator
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    yeah this is a very interesting reversal here ... looks like @Baggi's idea of a spike high then a quick pullback in the RTH may have just happened ... i'll be very interested to see how we close the day out today ... if we close anywhere near or at the lows of the day that would look pretty ominous imo

    markets trying to hold here for now though...
     
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  10. bigbear0083

    bigbear0083 Administrator
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    the current streak of 9 months without a -3% pullback for the spx is the second longest streak ever on record, only the mid-90s saw a longer streak :eek:

    [​IMG]

    additionally, if the dj30 ends higher today that would make it 11 up days in a row. incredibly that would be the 2nd time this year we've seen 11 consecutive up days in a row. since 1896, that has never happened twice in the same year!
     
  11. stock1234

    stock1234 Well-Known Member

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  12. bigbear0083

    bigbear0083 Administrator
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    can't open the platform right now but could someone confirm if this was an outside reversal day for the spx?
     
  13. bigbear0083

    bigbear0083 Administrator
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    looks like that last minute stick save for the cash spx marked today the 14th consecutive close between +/-0.30% or less! apparently that's never been done before
     
  14. stock1234

    stock1234 Well-Known Member

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  15. bigbear0083

    bigbear0083 Administrator
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    yeah not an overly huge reaction as of yet but the futures are definitely noticeably active tonight as of now ... curious to see if this really does intensify on the downside or if the markets will just blow it off as its done time and time and time again :p
     
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  16. bigbear0083

    bigbear0083 Administrator
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    whelp ToS still active up for me tonight ... still can't get charts to pull up ... i wanted to show the daily chart of the SPY ... wow at that topping wick ... and also closed below the previous day's low ... key reversal anyone?
     
  17. Jrich

    Jrich Active Member

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    I still see green... nasty red bar still fits right into this channel

    Global unrest cant even stop this rally...... not til 2590

    20170808_204853.png
     
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  18. Baggi

    Baggi Member

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    I don't think it was global unrest that started this pullback. I think there are a lot of factors at work and the whole North Korea thing may have caused a larger pullback today than was going to happen, but, we started coming back down before the whole North Korea thing.

    Anyway, I think a lot of people and institutions are going to take some profits and are all planning on at least a 3% down move here. I think we move at least to the 2420 area before heading back up. I'm really hoping we pull back to the 2275 area first though, before we head up more before Christmas.
     
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  19. bigbear0083

    bigbear0083 Administrator
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  20. Timbo

    Timbo Active Member

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    Might see a little red, don't see much though. New buyers are lined up waiting for a pullback.