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#19,260
#19,260
Feels like there's more downside coming. A big opening gap that gets faded creates a real negative feel, especially when the headlines were good.

BTC is still a mess and feels like it is actually leading equities lower. It rallied nowhere near as much as equities and started crapping a couple hours before stocks did this morning.
 
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#19,262
#19,262
Jax_Vol said:
Think I could of make about 25% today on UVXY.

My cloudy crystal ball didn't predict that staggering AI demand would cause such a brouhaha
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This selloff today has my attention. The first one that has in a while. When stocks go down on news that is "supposed" to be good, I think the market is trying to get your attention about what is already priced in. We didn't just give up the rally, but have gone red.

Not calling for a bear market or anything, but I'd be really surprised if today's low holds. I think (and hope, actually) that some kind of deeper pullback is in order and I'd love to do some business at those levels.
 
#19,263
#19,263
05_never_again said:
This selloff today has my attention. The first one that has in a while. When stocks go down on news that is "supposed" to be good, I think the market is trying to get your attention about what is already priced in. We didn't just give up the rally, but have gone red.

Not calling for a bear market or anything, but I'd be really surprised if today's low holds. I think (and hope, actually) that some kind of deeper pullback is in order and I'd love to do some business at those levels.
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If the bulls are charging late today, they're wearing camo.
 
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#19,265
#19,265
05_never_again said:
This selloff today has my attention. The first one that has in a while. When stocks go down on news that is "supposed" to be good, I think the market is trying to get your attention about what is already priced in. We didn't just give up the rally, but have gone red.

Not calling for a bear market or anything, but I'd be really surprised if today's low holds. I think (and hope, actually) that some kind of deeper pullback is in order and I'd love to do some business at those levels.
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20 mins to go and looks like the slide has accelerated a bit. Ugly.
 
#19,270
#19,270
There's a saying about drawdowns that says by the time they're done, they've come for everybody. AAPL and GOOGL have held up remarkably well. Once those get smashed a little bit, that might be the time to dip toes in.
 
#19,272
#19,272
05_never_again said:
There's a saying about drawdowns that says by the time they're done, they've come for everybody. AAPL and GOOGL have held up remarkably well. Once those get smashed a little bit, that might be the time to dip toes in.
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Those 2 haven’t been the stars of tech in this bull market. Google needs a strong economy since they’re as much an advertising agency as anything. Despite all of their experimentation into other ventures, they’re still propped up by search.

There must be a lot of pent up demand for replacement iPhones. Plus AAPL did a slow roll into AI.
 
#19,273
#19,273
There’s still the bug-a-boos of unreliable, incomplete government published data along with the holiday shortened week ahead and not much FOMO going into this weekend.

Once the bankers have determined that enough of the retirement accounts have gone to cash, they’ll switch back to pumping up the equities that they’ve accumulated on the cheap.
 
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#19,274
#19,274
Thunder Good-Oil said:
Extended hours/equity futures were negative last time that I looked overnight. Now a bit positive.

It’s going to be choppy for a while with earnings season mostly over, no Fed meeting in November, incomplete data after the government shut down, and repositioning for tax harvesting. Strong retail sales for the holidays would be welcomed. But Home Depot just negatively adjusted forecasts.

The trade deficit shrank, but driven by a drop in imports rather than an increase in exports.

Unless bottom fishing, it might be a good time to not watch stocks for a while.
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My wife and I are dealing with an issue with Home Depot right now, and I will tell you that 1) I will never step foot in that garbage can again, and 2) I hope they ****ing go out of business.
 
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#19,275
#19,275
Slight positive in extended hours/futures. Staying close to neutral during regular trading hours on Friday would be a welcome result. Sellers piling in after positive moves is getting tiresome.

Same with next week. Just get through it. Broadcast a lot of video of Black Friday crowds in buying frenzies at the big box stores and malls, and limp into December. Then get a Fed rate cut.
 
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