DJIA, NYSE, S&P = CRASH!!!

[Zippyjuan]

It's up. It's down. Down days get proclaimed as proof of crash. Up days get ignored. Mostly it is wiggling sideways for now.

 

[oyarde]

Gold has fallen considerably this week. Just a few days ago (Feb 11th) it was up to $1248. Now down to $1200.

Ya know , I could work with 1200 or 1300 gold and a Dow at 1825 , 1.50 gasoline .Doubt it works out like that though for a long period .

 

[sam1952]

With all this stock market crash talk going on one might be amazed to know that the DOW is about the same as it was a month ago. Year to Date is is down about seven percent.

Down 7.7% since the OP warning of a major crash underway. He recommended a highly leveraged anti- SP500 stock SPUX.



At the time, it was 32. It has gone up- but only to 37 as of today.

Actually I've been following this since his recommendation. Like you said it was 32 I remember it hitting 41 or so. Now at 37.98 I think. Still a 16 percent gain. Don't own it. Have considered it as a short term hedge though.

 

[devil21]

This is all too much for me. I can never keep track of if we are crashing or not.

Whether you are crashing or not is up to you. Don't tell anyone I told you that.

 

[brandon]

Buy buy buy!!!!!!!

 

[Zippyjuan]

Warning! Stocks did NOT crash today! (DOW up over 250 points). SPUX lost nearly $2 a share (4.85%).

 

[presence]

spy 500 vs spxu 1 year

spy 500 5 year

spy 500 40 year

 

[oyarde]

I am hoping for a full recovery in the next six weeks so I can cash the rest out .

 

[brandon]

sell sell sell!

 

[Zippyjuan]

SPXU going to 200! (today it is 33- only one point from the start of the thread).

 

[oyarde]

Excellent .I am cashing the rest out middle of next month , I hope for a 18200 Dow.

 

[oyarde]

Gold shot up and now is falling like a stone in the futures...down below $1200 after being around $1250 on Thursday. The Dow is up in the futures like 270 points. These are major weekend moves. It bothers me, but not too much. Enough to post about it...put it like that.

The part that bothers me for now is the seeming bottom we keep bouncing off of at about 15,500 or whatever on the DOW. That 15% or so decline point has some significance, even if just psychological. But with all the high frequency trading, I can't imagine psychology is outweighing some technical aspect I'm daft to. Anyone got any ideas?

Gold is starting to look steady @ 1234 .

 

[Madison320]

Does this mean the rate hike is back on for March?

 

[TheCount]

Does this mean the rate hike is back on for March?

I'd say it'll happen no matter what.

 

[Madison320]

I'd say it'll happen no matter what.

My guess is about a 1% chance for March.

 

[Zippyjuan]

I don't think they will raise rates in March. Unemployment is where they like it and new jobless claims continue to fall but the energy sector uncertainty may have them put off the next raise. There was speculation that the Fed would probably raise rates four times this year (which would be every three months) but I have said probably two or three. Energy has stabilized so if they don't raise rates at the March meeting they still could at the next meeting in April if nothing negative pops up. They (the Open Market Committee) do not meet in May, August, and October.

 

[oyarde]

I think gold hits 1250 today .

 

[devil21]

Corporate stock buybacks coming to an end.

https://www.yahoo.com/finance/news/biggest-force-powering-stock-market-110000062.html

Since the beginning of the post-crisis bull-market run, the biggest buyer of equities hasn't been retail investors or institutions but companies themselves.

Companies have been supporting the stock market through buybacks for years.

But according to some analysts, the era of buybacks may be coming to a close.

And this could be terrible news for the stock market.
Companies have been their own best friends

According to a note from analysts at HSBC, buybacks have been the source of most of the demand for stocks since 2009.

The note said that for each of the past two years, companies in the S&P 500 have bought back nearly $500 billion of their own stock and a total of $2.1 trillion since 2010.

This huge amount of buying has been a massive source of upside for the stock market, said Liz Ann Sonders, chief investment strategist at Charles Schwab.

"There's no question that by far corporate buyback have been the source of most of the buying in the stock market," Sonders told Business Insider on Wednesday. "On a cumulative basis there has not been a dollar added to the US stock market since the end of the financial crisis by retail investors and pension funds."

more at link

 

[Zippyjuan]

http://www.marketwatch.com/story/do...h-chart-level-first-time-this-year-2016-03-11''

Dow breaks above bullish chart level first time this year


The Dow Jones Industrial Average surged Friday above a key chart level for the first time this year, which many technical analysts might view as an early sign suggesting the stock market’s downtrend could be over.

The Dow DJIA, +1.28% rose 218.18 points, or 1.3%, to 17,213.31, to close above the widely watched 200-day moving average line, which currently extends to 17,153.23, according to FactSet. That marks the first close above the line since Dec. 30. See Market Snapshot.

The S&P 500 index SPX, +1.64% used a final-hour rally to join the Dow industrials by closing at 2,022.19, which was above its 200-day moving average of 2,019.92, also for the first time this year.


Many technical analysts see the 200-day moving average as a dividing line between longer-term uptrends and downtrends. For the major market indexes, many use it as a way to gauge the health of the broader market.

This was the first year the Dow didn’t spend time above its 200-day moving average on the first trading session since 2009, and only the third time -- 2008 and 2003 were the others -- in the past 25 years.

 

[Zippyjuan]

http://money.cnn.com/2016/03/17/investing/stocks-positive-2016-dow-jones-oil/

Dow turns positive for year: Erases 2,000-point plunge

The Dow turned positive for the year on Thursday, erasing a scary start to the year that at one point had the index down as much as 1,974 points in just the first three weeks of 2016.

The remarkable rebound has been driven by a spike in oil prices and fading fears of a possible recession in the U.S. Oil has returned to $40 a barrel and the U.S. economy continues to grow, despite the global slowdown.

But just a few weeks ago the markets were in full meltdown mode, with many predicting the bull market was on its death bed.

"That marked the zenith of panic. The market traded to extremely oversold conditions," said Peter Kenny, an independent market strategist. "Since the lows we've seen the market rally in stealth mode. Those who panicked got punished."

Stocks received a boost this week from the Federal Reserve, which slashed its plans to raise interest rates amid the global market turmoil. The Dow jumped 155 points on Thursday following a modest gain the day before.

Volatility, a hallmark of the first six weeks of the year, has nearly vanished. The closely-watched VIX volatility index has plunged 56% from its February peak. Likewise, CNNMoney's Fear & Greed Index, which uses various market gauges to measure trading sentiment, is now flashing "extreme greed." Just a few weeks ago it was firmly in "extreme fear" mode.

"Recession fears are in the rear view mirror," said Art Hogan, chief market strategist at Wunderlich Securities. "Interest rates are low, inflation isn't a problem, the labor market is in better shape and moderate GDP growth is likely."