Stock Market Discussion -- started 03/06/2018 -- updated daily !!!

[KVB]

...We're a long way until tomorrow but there is still some downward pressure on the equities...here's a futures heat map as of right about now (or last ten minutes or so)...

A long way until tomorrow alright, equity futures liking the afternoon news...

And this is why I said "it's a long way until tomorrow"...

[Slurry Pumper]

Well just like that the S&P moved from the top of the trading range to the bottom. Low volume isn't helping to move the market higher, and the longer we stay in this range the more violent the pop is going to be either way. This morning the futures are up thanks to the plunger team coming in over night and installing money in various places. I don't think they will be able to hold up, the pressure sure is mounting for a downward direction. At the open, I'm lightening my long positions, adding to my short position in XLF because the financial stocks have been doing nothing and they will lead the market down. All we need is a catalyst which will probably come sometime this week. The thing about excuses for the market to move is that it really doesn't matter what the news is, the big money will use it to move the market whatever way they want. So an announcement of a 3 trillion stimulus package full of windmills, free internet, monthly income, hand jobs for those without arms, and the occasional abortion for those without the means just might be taken negatively. Or perhaps another story about how the democratic states are going to be in lock down until everything is OK for people to go outside without risk might do it. Hell just the appearance of Chupacabra is enough at this point.

[milwaukee mike]

Well just like that the S&P moved from the top of the trading range to the bottom. Low volume isn't helping to move the market higher, and the longer we stay in this range the more violent the pop is going to be either way. This morning the futures are up thanks to the plunger team coming in over night and installing money in various places. I don't think they will be able to hold up, the pressure sure is mounting for a downward direction. At the open, I'm lightening my long positions, adding to my short position in XLF because the financial stocks have been doing nothing and they will lead the market down. All we need is a catalyst which will probably come sometime this week. The thing about excuses for the market to move is that it really doesn't matter what the news is, the big money will use it to move the market whatever way they want. So an announcement of a 3 trillion stimulus package full of windmills, free internet, monthly income, hand jobs for those without arms, and the occasional abortion for those without the means just might be taken negatively. Or perhaps another story about how the democratic states are going to be in lock down until everything is OK for people to go outside without risk might do it. Hell just the appearance of Chupacabra is enough at this point.

[homie1975]

Slurry really brought it home with that one

[d2bets]

Gool ol volatility is back. Down and up and down we go. Anybody's guess as to how today progresses. Could see 2% down. Could see 2% up.

[milwaukee mike]

Gool ol volatility is back. Down and up and down we go. Anybody's guess as to how today progresses. Could see 2% down. Could see 2% up.

small cap economic sensitive stocks getting absolutely crushed today

play -10%
penn -7%
amc -7%

[Stallion]

The market will pull back a bit when it see's all the re-openings going poorly.

[d2bets]

The market will pull back a bit when it see's all the re-openings going poorly.

It already has pulled back almost 4%. What do you mean by "a bit"?

[milwaukee mike]

The market will pull back a bit when it see's all the re-openings going poorly.

that's only because of the ridiculous rules associated with them

golf courses here have been packed, everyone out there having a good time, should be the exact same thing with bars/restaurants/sporting events but the lunatics in charge keep scaring the scared little sheep

[Iona]

Earnings after the close today:

[Iona]

Earning before the open tomorrow:

[d2bets]

that's only because of the ridiculous rules associated with them

golf courses here have been packed, everyone out there having a good time, should be the exact same thing with bars/restaurants/sporting events but the lunatics in charge keep scaring the scared little sheep

Golf courses is a totally different animal from bars/restaurants/sporting events. Really it's outdoor is very different from indoor. Outdoor stuff should be opened. Beaches too. Closing those is stupid. I think they can even do outdoor sporting events. It's the packed indoors thing that will lead to massive spread.

[d2bets]

Tom Petty action out there now. Freefallin'.

[d2bets]

Even the Nasdaq has now joined to the downside. Market now down about 5% in the past 24 hours. This is the next leg down IMO. 2,650 S&P tested by next week.

[SBR_Guest_Pro]

huuuuuge crashes today boys. Good luck to everyone. Thankfully tomorrow is thursday and The last 5 Thursday have been positive

[d2bets]

huuuuuge crashes today boys. Good luck to everyone. Thankfully tomorrow is thursday and The last 5 Thursday have been positive

Interesting. Last 5 weeks have been uniformly bullish though. This might be different. We'll see 1 or 2 up days on volatility, but I expect mid-2600's S&P by the end of next week.

[KVB]

We are ticking below the lower horizontal.

Might be time to draw new lines of support....

Looks like some freefall action. Some good ol volatility coming back like a virus.

Indeed.



Breaking through that support line yesterday gave us a big clue as to today, at least so far.

There could be some buying here to provide a little support.

[Snowball]

The congressional testimonies of experts and CDC types is shaking confidence, as the fear mongering reaches new levels as they try to stall reopening efforts. They want us locked down and dependent on more stimulus. They want the economy totally massacred all summer and for the election. They don't want any semblance of normalcy until AFTER their vaccines are stuffed in the arms of hundreds of millions of Americans.

This is an atrocity, a crime against humanity. Even if 147k people die from CV by August, that is .00042% of U.S. population. 4.2 people per 10 thousands.

Dow and S&P technicals remain OK as the battle for 30 SMAs is on the line. S&P is over its 30 SMA, Dow is under.
Both need to close above the 30 SMA by Friday.

Our country is under assault. We are seen as livestock to them.
Trump has to take out the heavy ammo and shut them down or there is no hope.

[HockeyRocks]

The congressional testimonies of experts and CDC types is shaking confidence, as the fear mongering reaches new levels as they try to stall reopening efforts. They want us locked down and dependent on more stimulus. They want the economy totally massacred all summer and for the election. They don't want any semblance of normalcy until AFTER their vaccines are stuffed in the arms of hundreds of millions of Americans.

This is an atrocity, a crime against humanity. Even if 147k people die from CV by August, that is .00042% of U.S. population. 4.2 people per 10 thousands.

Dow and S&P technicals remain OK as the battle for 30 SMAs is on the line. S&P is over its 30 SMA, Dow is under.
Both need to close above the 30 SMA by Friday.

Our country is under assault. We are seen as livestock to them.
Trump has to take out the heavy ammo and shut them down or there is no hope.

You sure its not Obama's fault.

[milwaukee mike]

The congressional testimonies of experts and CDC types is shaking confidence, as the fear mongering reaches new levels as they try to stall reopening efforts. They want us locked down and dependent on more stimulus. They want the economy totally massacred all summer and for the election. They don't want any semblance of normalcy until AFTER their vaccines are stuffed in the arms of hundreds of millions of Americans.

This is an atrocity, a crime against humanity. Even if 147k people die from CV by August, that is .00042% of U.S. population. 4.2 people per 10 thousands.

Dow and S&P technicals remain OK as the battle for 30 SMAs is on the line. S&P is over its 30 SMA, Dow is under.
Both need to close above the 30 SMA by Friday.

Our country is under assault. We are seen as livestock to them.
Trump has to take out the heavy ammo and shut them down or there is no hope.

ABSOLUTELY

even if were 2.2 million dead americans (like originally projected HA)... the eventual damage from economic depression is way worse

speaking of which, we were only supposed to be shut down for 2 WEEKS when 2 million americans were gonna die... now that 100,000 are gonna die we are shut down forever?

let's never forget the reason we were told for the lockdowns, so that we could flatten the curve and get necessary supplies to hospitals... that was all good many weeks ago yet the stupidity continues

[HockeyRocks]

This virus shows how really sad Americans have become. How fukking greedy corporations are, like airlines. How income inequality is so dangerous during times like this. All we do is spend spend and spend some more. What happened to being frugal? Does anyone save for rainy days anymore the way i was brought up. When millions of Americans don't even have 400.00 in reserve says something is wrong with our system. I live on a very nice residual income but reading about so many Americans out of work and going to food banks in the U.S. is pretty depressing...The whole countries attitude when it comes to income inequality needs to be addressed. jmo.

[Snowball]

ABSOLUTELY

even if were 2.2 million dead americans (like originally projected HA)... the eventual damage from economic depression is way worse

speaking of which, we were only supposed to be shut down for 2 WEEKS when 2 million americans were gonna die... now that 100,000 are gonna die we are shut down forever?

let's never forget the reason we were told for the lockdowns, so that we could flatten the curve and get necessary supplies to hospitals... that was all good many weeks ago yet the stupidity continues

He cannot allow governors and scientists to ruin the country.
Colleges and schools are already planning to NOT REOPEN in September. Casinos and restaurant limitations in whole retail sector will send virtually every business into bankruptcy. Then, the hundreds of millions of vaccines - NIH says we may need MULTIPLE VACCINES per PERSON will be forced on us by the medical establishment.

Trump has to go ballistic and fast. He has to act with much more urgency and power to stop this.
Fauci should be fired, he is scare mongering and contradicting the President. Collins at NIH needs to be fired. The President should also write an EO to stop private foundations like Bill Gates from acting in regards to this event. If Bill Gates, Soros, Johns Hopkins, or any other foundation continues doing what they are, their leadership should all be arrested, and their creepy tentacles investigated, their paperwork and computers confiscated by the DOJ and all private communications subpoenaed.

[pavyracer]

Nice buying opportunity today. Always buy on the dip.

[KVB]

Nice buying opportunity today. Always buy on the dip.

How so?

Could have said the same thing before the close yesterday, if you weren't paying attention to my posts.

There's some downside risk here for sure and while timing the market can be tough, a "buying opportunity" would be investor specific.

What to you is a "selling opportunity?"

lol.

[pavyracer]

How so?

Could have said the same thing before the close yesterday, if you weren't paying attention to my posts.

There's some downside risk here for sure and while timing the market can be tough, a "buying opportunity" would be investor specific.

What to you is a "selling opportunity?"

lol.

You buy a little at a time. This is why you have cash on the side. There is no news driving this selling right now. The market will shoot back where it was last week in short time.

[HockeyRocks]

i haven't seen anyone speak of Powells words today talking about how slowly the economy will return. I would say that has had a lot to do with the sell off. Trump has many to believe things will be back to normal by the 3rd-4th quarter. Thats delusional thinking. There is no light switch to turn on. The recovery will be dictated on what Americans are comfortable doing when it comes to going out on Main St and spending money.
Trump isn't smart enough to handle this. He was a fool when he decided not to work with the Governors, when he left decisions up to them. That was a political move so if things go bad he can blame the Governors. Remember: "I take No Responsibilty."

[HockeyRocks]

You buy a little at a time. This is why you have cash on the side. There is no news driving this selling right now. The market will shoot back where it was last week in short time.

Powell painted a very gloomy picture of the economy this AM. Do you think that news had nothing to do with todays slide???

[d2bets]

The congressional testimonies of experts and CDC types is shaking confidence, as the fear mongering reaches new levels as they try to stall reopening efforts. They want us locked down and dependent on more stimulus. They want the economy totally massacred all summer and for the election. They don't want any semblance of normalcy until AFTER their vaccines are stuffed in the arms of hundreds of millions of Americans.

This is an atrocity, a crime against humanity. Even if 147k people die from CV by August, that is .00042% of U.S. population. 4.2 people per 10 thousands.

Dow and S&P technicals remain OK as the battle for 30 SMAs is on the line. S&P is over its 30 SMA, Dow is under.
Both need to close above the 30 SMA by Friday.

Our country is under assault. We are seen as livestock to them.
Trump has to take out the heavy ammo and shut them down or there is no hope.

This is all based on Trump's guidelines for the country. Is he going to change them? Did he not read what he put out?

[d2bets]

You buy a little at a time. This is why you have cash on the side. There is no news driving this selling right now. The market will shoot back where it was last week in short time.

There was also no news driving the 30% upside buying.

[d2bets]

Powell painted a very gloomy picture of the economy this AM. Do you think that news had nothing to do with todays slide???

He also shot down neg interest rates.

[KVB]

You buy a little at a time. This is why you have cash on the side. There is no news driving this selling right now. The market will shoot back where it was last week in short time.

Powell painted a very gloomy picture of the economy this AM. Do you think that news had nothing to do with todays slide???

I painted a technical picture YESTERDAY, before today's futures were even trading.

"No news driving selling?"...really?

Markets were driven down yesterday, before Powell spoke. Markets move, then the TV makes a daily news story to account for it.

The manipulation has been set in motion since last week.

That's the entire reason I even posted the charts all these days. Pay attention fellas and be careful of fake news.

[KVB]

There was also no news driving the 30% upside buying.

Sure there was. The news always makes up a reason for market movement.

That's why you guys are conditioned to think there needs to be news for movement.

Make sense? It's best taught by example.

I think you saw it coming, d2, you even posted about it based on just the charts.

[KVB]

This is all based on Trump's guidelines for the country. Is he going to change them? Did he not read what he put out?

Nobody in the country is following the Trump administration guidelines.

And any guideline revisions have been scrapped before the public sees them, according to the administration.

That's my only worry about my Trump election bets, not one State will follow is administration's recommendations.

Dare I say that disconnect could be difficult to campaign out of, except the democratic side simply didn't put up a candidate this year.

So for now I hold my Trump bets.

[HockeyRocks]

Nobody in the country is following the Trump administration guidelines.

And any guideline revisions have been scrapped before the public sees them, according to the administration.

That's my only worry about my Trump election bets, not one State will follow is administration's recommendations.

Dare I say that disconnect could be difficult to campaign out of, except the democratic side simply didn't put up a candidate this year.

So for now I hold my Trump bets.

Not True, the public saw his Phase 1, 2 and 3 guidelines. Trump got paranoid over the economy and just decided not to inforce them....Many States are, including here in NC...

[KVB]

Not True, the public saw his Phase 1, 2 and 3 guidelines. Trump got paranoid over the economy and just decided not to inforce them....Many States are, including here in NC...

You misunderstood me. I didn't say the public didn't see guidelines.

I said further revisions didn't make the public eye as they were scrapped.

Trump has had a consistent recommendation all along.

He didn't decide to not enforce them, he can't enforce them.

It's a State's rights issue at that point. Hence why he leaves it up to the Governors. Not out of his own generous benevolence, but because his hands are tied by law.

Lack of central leadership is an issue and I'm guessing that if this wasn't an election year, we might see a little more action from the White House.