1. U.S. Futures


Stock Market Today: February 8th - 12th, 2021

Discussion in 'Stock Market Today' started by bigbear0083, Feb 5, 2021.

  1. bigbear0083

    bigbear0083 Administrator
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    huh, interesting. well apparently we are having the best start to a februrary (which is notoriously a weak month for the market historically speaking) since at least 1991 :eek:

    mtd the spx is up +5.4%. in 1991 it did +7.6% in february.

    meanwhile, if the market seems a little boring right now, it's because it actually is lol.

    the spx has closed within 0.2% of the prior days close for 3 straight trading days. the last time that happened was back on november 2019. :p

    oh and for the the upcoming valentine's day indicator. that's looking pretty positive as well. the average spx return since 1950 from 2/14 until the end of the year is +7.5%. however, if it is up greater than +4% ytd on 2/14, then that increases the spx performance up to +13% the rest of the year. right now as we speak the spx is up +4.3% ytd :koolaid:
     
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  2. stock1234

    stock1234 Well-Known Member

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    Yeah strong start for the year indeed and this February is unusually strong :eek:
     
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  3. Stoch

    Stoch Well-Known Member

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    Two days of vicious selloffs followed by recovery and little change by the close. MJ down 24% today but still up 74% YTD.
     
    #63 Stoch, Feb 11, 2021
    Last edited: Feb 11, 2021
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  4. bigbear0083

    bigbear0083 Administrator
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  5. bigbear0083

    bigbear0083 Administrator
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    Good Friday morning StonkForumers! :thumbsup:

    Here is this morning's pre-market news thread for those of you wanting to get a quick read before today's open-
    [​IMG] <-- click there to read!

    Hope everyone has a great trading day ahead on this final trading day of this week. ;)
     
  6. bigbear0083

    bigbear0083 Administrator
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    Morning Lineup - 2/12/21 - A Global Tide
    Fri, Feb 12, 2021

    It's another quiet morning in the equity markets as futures are little changed ahead of the three-day weekend. There's also little on the data calendar today besides Michigan Confidence at 10 AM. The key data point to watch in this release will be inflation expectations to see how sentiment towards prices is trending among consumers.

    This market rally that started at the beginning of February has been a global tide lifting all boats. As shown in the chart below, the Bloomberg World Index has seen all green in its daily candlesticks and through Thursday was up nine days in a row taking the index to new highs.

    [​IMG]

    At nine days and counting, the current winning streak for the Bloomberg World Index is the longest since early 2018 and one of only a few that have lasted this long since 2004.

    [​IMG]
     
  7. bigbear0083

    bigbear0083 Administrator
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    hah i just managed to capture the dj30 futures chart on finviz and couldn't resist posting it up in here as well :p

    [​IMG]

    exactly unch'd at the moment :laughing:

    that is very fitting, for how this week has gone overall...pretty much nowhere :yawn:

    i mean, outside of a few individual names, the indices as a whole were incredibly choppy/sideways.

    pretty boring week overall if you ask me...maybe once earnings season is behind us we'll get some much overdue volatility back in this market. :p

    speaking of volatility. i was eyeing the VIX earlier this morning, saw it was around 20...dare i say it, could we finally see a sub-20 closing print on the vix? it's been almost 1 full year since we have seen that! :eek:
     
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  8. stock1234

    stock1234 Well-Known Member

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    Yeah definitely. Pretty amazing that the market basically rallied non stop since the March lows last year and the VIX is still above of 20 :eek:
     
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  9. bigbear0083

    bigbear0083 Administrator
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    and there it is! lol

    first closing print under 20 on the VIX since basically 1 year ago :eek:

    [​IMG]
    almost had to pinch myself there to make sure what i was seeing was actually real :laughing:
     
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  10. bigbear0083

    bigbear0083 Administrator
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    have yourself a wonderful 3-day weekend everyone!

    thank you all for all the great contributions in here this week! :booyah:

    remember that the u.s. market is closed this coming monday (feb. 15th) for presidents day.

    futures market will operate on an abbreviated session. opening at the normal 6pm eastern sunday time, then halting at 1pm eastern time on monday. and then reopening at 6pm eastern time on monday evening.
     
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  11. stock1234

    stock1234 Well-Known Member

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    Have a great weekend Cy :)
     
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  12. stock1234

    stock1234 Well-Known Member

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    LOL the market ran up pretty hard into the close too, interesting since we have 3 day weekend coming up :eek:
     
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