Stock Market Today: August 12th - 16th, 2019

Discussion in 'Stock Market Today' started by Stockaholic, Aug 9, 2019.

  1. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,959
    Likes Received:
    1,813
    congrats
     
  2. Frankenstein

    Frankenstein Well-Known Member

    Joined:
    May 18, 2016
    Messages:
    788
    Likes Received:
    396
    I wanted to profit take at 2940 but my account is having problems--can't put in the order
     
  3. Frankenstein

    Frankenstein Well-Known Member

    Joined:
    May 18, 2016
    Messages:
    788
    Likes Received:
    396
    After it retraces from 2944 to 2924, I can put in an order. Crazy
     
    stock1234 likes this.
  4. Stockaholic

    Stockaholic Content Manager

    Joined:
    Mar 29, 2016
    Messages:
    13,767
    Likes Received:
    7,050
    they don't call it "turnaround tuesday" for nothin' eh :p

    nice bright green market map today :D

    [​IMG]
     
  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,584
    Likes Received:
    4,619
    There we go, some tariffs are delayed although it didn’t directly come from the tweets from Trump I guess :p
     
    OldFart likes this.
  6. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    4,319
    Likes Received:
    3,375
    It was all poetry in motion. Stopped the market from falling out of control (albeit yesterday support at 2880 seemed to signal the downmove was done, but this morning made it shoot up); pushed China tariffs back to mid-December so all the Xmas presents will be shipped to US by then; Brexit is happening on October 31 so China is pushed behind Britain as Bolton said so. That's like 3 birds with one tweet stone. Don't underestimate the size of the US's stones.

    I felt the same way and wondered how we got here. Getting inspiration from Hong Kong?!
    All we have in the US is a hash tag trending for a day.
     
    stock1234 and OldFart like this.
  7. Frankenstein

    Frankenstein Well-Known Member

    Joined:
    May 18, 2016
    Messages:
    788
    Likes Received:
    396
    The rally this morning is pretty decisive + 94 million for the SPY. I didn't have a chance to exit at 2940, as mentioned above, due to technical problems presumably with the stock broker I am using. But, we'll see what happens tomorrow. But today's price action is "suggestive." I'll decide tomorrow what to do with my long positiion
     
  8. JoeBloggs719

    JoeBloggs719 New Member

    Joined:
    Apr 11, 2016
    Messages:
    1
    Likes Received:
    0
    Asking out of curiosity, what was the news that dropped at approx 13:15 ET?
     
    #48 JoeBloggs719, Aug 13, 2019
    Last edited: Aug 13, 2019
  9. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,959
    Likes Received:
    1,813
    Probably something about the bond yield curve? They've been beating that horse to death lately on "news media" trying to say it's going to put us in a recession.
     
    Stockaholic likes this.
  10. Stockaholic

    Stockaholic Content Manager

    Joined:
    Mar 29, 2016
    Messages:
    13,767
    Likes Received:
    7,050
  11. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,959
    Likes Received:
    1,813
  12. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    4,319
    Likes Received:
    3,375
    Marketwatch is saying the 2y-10y inverted while I was sleeping. I'm currently seeing 0.8 bps spread.
     
    stock1234 and OldFart like this.
  13. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    9,524
    Likes Received:
    3,526
    Is it the end?

    Im getting news flashes on my phone that a recession is coming! :D
     
    stock1234 and OldFart like this.
  14. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    4,319
    Likes Received:
    3,375
    Nah, Frankenstein was buying here.

    And I've seen data that says the stock market peaks after the inversion.
    Examining this, I guess it implies that inversions have to happen when stocks are riding high.

    Maybe it's the beginning of An end.
     
    OldFart and stock1234 like this.
  15. Ken34

    Ken34 2017 Stock Picking Contest Winner

    Joined:
    Apr 4, 2016
    Messages:
    1,039
    Likes Received:
    723
    yea i havent gotten back into anything this week, figured volatility would rock the market, still holding onto LULU though.

    dam, TLT chart looking like a tech stock lol.
     
    #55 Ken34, Aug 14, 2019
    Last edited: Aug 14, 2019
  16. AverageJoesTrades

    AverageJoesTrades Well-Known Member

    Joined:
    May 24, 2016
    Messages:
    1,130
    Likes Received:
    624
    What does this look like today:p
     
    OldFart likes this.
  17. Stockaholic

    Stockaholic Content Manager

    Joined:
    Mar 29, 2016
    Messages:
    13,767
    Likes Received:
    7,050
    ^^
    pretty much the complete opposite of yesterday :p

    [​IMG]
     
    OldFart, stock1234 and T0rm3nted like this.
  18. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,584
    Likes Received:
    4,619
    Just woke up, so did the inversion happened this morning? :eek: 10 year still have high yields than 2 year at this moment
     
    OldFart likes this.
  19. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,959
    Likes Received:
    1,813
    Yep
     
    stock1234 likes this.
  20. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,584
    Likes Received:
    4,619
    The recession fears are a little bit overblown I guess, most economic data are still pretty solid :eek:
     
    Bodacious and OldFart like this.

Share This Page