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Discussion in 'Stock Market Today' started by bigbear0083, Jul 21, 2017.
Chasing Cy around the web lol. Site looks good guys.
CY has done a great job, site is still new but I can see it becoming a frontrunner.
Welcome back @Steven!
AMZN looking a little overbought going into ER. Thoughts?
fed announcement due out in a few minutes ... should be largely a muted reaction here
vix with a new ATL just spiked down to 8.84
@bigbear0083 with the vix this low....should we expect flat markets more often? Still learning the vix's
Wow at the VIX
Gold takes off...
gosh i hope not more flat days @tbw875 ... honestly, i don't know if the vix is quite as meaningful as it once was when i first started trading ... still it is quite startling to see such an incredibly low reading when we have hot spots around the world which can easily flare up at any given time ... posted this chart on the vix thread but figure to cross-post it in here as well ... perhaps we are getting ready for some kind of bounce off of this weekly support TL soon?
Read a lot about that subject. Has the VIX become obsolete?? No, but considering we are in unchartered territory it don't seem to be as widely reliable as it once was.
yeah looks to me like gold's move here is largely related to dollar weakness
here is a comparison chart i whipped up showing you gold vs. the dollar over the past year ... almost 100% inverse
interestingly gold is not really anywhere near its recent highs while the dollar is making fresh lows ... gold not nearly as strong on this bounce higher
As somewhat of an experiment, a few weeks ago i restructured all my watchlists around the SPDR ETF's..... Feels like it gives me a better birds eye on the market
All the lists are in order of RSI, the main list is the main sectors, and i have "sub-lists" of the top holdings in each..... Im also trying to keep track of the top sectors via 3 month % charts, with SPX overlay
If its helpful for y'all, ill post em up here occasionally
Winner/ Loser right now
Tech (XLK) almost has Healthcare (XLV) edged out on the 3 month chart (XLV 6 1/2% and dropping)
And no surprise, Energy (XLE) still at the bottom... but maybe not for long, crude is flirting with $50 again ($47 somthin last i checked)
Looking in real estate for a long... and id be bold enough to find a short in healthcare
Also kinda surprised by the Industrials... i had it pegged for a leader... but it had a rough week dispite the moves by CAT and BA
Thursday's Market Movers thread is now up-
7/27 Thursday Market Movers & News <- click there to view!
Hope everyone has a good trading day ahead today!
Well, Bezos is the richest man in the world now.
Or is he? That NASDAQ selloff seemed to be fully backed by AMZN. Large red candles abound.
Oh yeah ... VIX ready to takeoff
I saw that today and laughed
The richest people in the world are nowhere to be found on Forbes..... because no one even knows how much wealth they have
Wow tech rolling over again
cross-posting from the earnings thread ... gonna be a busy one after the close today!
Scary lookin day!