The market is starting to collapse

[justoffal]

Because of the Bad Orange Man right?! The bond curve was hard as a rock for Kam-ala

Well it was erect for her anyway!

 

[Luckyone]

Hell no. Buy low and sell high. Not with Trump ending wars, cutting spending and doing exactly what he was elected to do. Markets LOVE that shit. Once chickens return to laying eggs and egg prices return to normal, things will calm down.

Don't say I didn't warn you

 

[John Edgar Slow Horses]

This is far beyond eggs to fix, planeboy.

 

[justoffal]

This is far beyond eggs to fix, planeboy.

Yeah um .... Nice general statement with no details.... You have to begin some place. Waste and fraud is probably the best place to begin.

 

[Crepitus]

Because of the Bad Orange Man right?! The bond curve was hard as a rock for Kam-ala

It didn't flip until this week.

Draw your own conclusions.

 

[CrusaderFrank]

It didn't flip until this week.

Draw your own conclusions.

The market LOVED when the USA send multitrillions to place unknown right?

If a NYSE company did that, they be delisted and their officers and directors arrested and charges with securities fraud

 

[Crepitus]

The market LOVED when the USA send multitrillions to place unknown right?

If a NYSE company did that, they be delisted and their officers and directors arrested and charges with securities fraud

"the market" realizes, as you tRumplings do not, that good things came from most of that spending. Things like new areas opening up full of potential customers and markets. Things like good will towards the US that can help with doing business in places. And of course that government spending puts money into various economies.

 

[CrusaderFrank]

"the market" realizes, as you tRumplings do not, that good things came from most of that spending. Things like new areas opening up full of potential customers and markets. Things like good will towards the US that can help with doing business in places. And of course that government spending puts money into various economies.

While traveling by car during one of his many overseas travels, Professor Milton Friedman spotted scores of road builders moving earth with shovels instead of modern machinery. When he asked why powerful equipment wasn’t used instead of so many laborers, his host told him it was to keep employment high in the construction industry. If they used tractors or modern road building equipment, fewer people would have jobs was his host’s logic.

“Then instead of shovels, why don’t you give them spoons and create even more jobs?” Friedman inquired.

 

[Crepitus]

While traveling by car during one of his many overseas travels, Professor Milton Friedman spotted scores of road builders moving earth with shovels instead of modern machinery. When he asked why powerful equipment wasn’t used instead of so many laborers, his host told him it was to keep employment high in the construction industry. If they used tractors or modern road building equipment, fewer people would have jobs was his host’s logic.

“Then instead of shovels, why don’t you give them spoons and create even more jobs?” Friedman inquired.

Totally unrelated nonsense.

 

[CrusaderFrank]

Totally unrelated nonsense.

LOL!

You didn't read it did you?

 

[Crepitus]

LOL!

You didn't read it did you?

We're done here.

 

[Captain Caveman]

Today:

This was a big and likely indicative day. The DOW broke below 2 previous daily closing highs of importance that strongly suggest (if confirmed tomorrow) that the 200-day MA, currently at 41813 (1400 points lower), will become a viable target. The NASDAQ broke a pivotal daily close support at 20847 that was also very pivotal and that suggests the 20186 level will likely be seen tomorrow (200-day MA is there) and if the index closes tomorrow (Friday) below 20391, it could mean a lot more downside is to come.

The SPX is the only one that did not break anything of consequence today but is only 34 points away from breaking 2 levels of pivotal importance at 5836 and at 5827. The channel line I have been mentioning is only 50 points away (below).

One of the culprits today and that triggered a lot of the selling was NVDA, It reported earnings last night and though they were slightly better than expected and the stock opened slightly higher, the stock closed 9% lower and broke the 200-day MA. If the stock closes lower tomorrow by more than $.08 cents, a pivotal weekly close support level will be broken and if it closes $4.50 lower tomorrow a big sell signal on the daily closing chart will occur that will also confirm the break of the 200-day MA and generate a trend change.

Most (if not all) of the movement down seen the last 2 weeks, has been due to Trump's action.

One thing everyone here (especially the blind-by-choice Trump supporters) is that was in involved with the stock market is well-informed moneyed pockets. This is not people opening their mouths to opine but people putting their money where their mouths are. As such, these moves are indicative and these moves show that the moneyed people are worried and even negative as to what is to come to the nation's economy.

Bear that in mind.

So you're wanting; your ambition, aspiration, choice, hope, inclination, intention, longing, prayer, preference, request, will, yearning for the stock market to collapse?

Why would you want that to happen to your own country???

 

[John Edgar Slow Horses]

No more than the GOP was pointing this out when Dems were in power.

 

[Captain Caveman]

No more than the GOP was pointing this out when Dems were in power.

It's crazy on both sides of the aisle to do it.

 

[Luckyone]

I am going to show you something that I just sent to my subscribers about today's action. Read it and learn what it is that computers and algorithms do "automatically" when there is no new fundamental news out. Today's 500 point move up in the DOW is not indicative of anything, other than the fundamentals did not change today and the computers and algorithms got involved. This move-up has to do with chart work and nothing else,

On Friday, the Jobs report comes out and that report is always a fundamentally catalytical report that will give the bulls or the bears new ammunition. Due to what has happened with other reports this week and what is happening due to Trump's actions, it will likely give the bears (not the bulls) ammunition.

 

[John Edgar Slow Horses]

This is for the MAGAidurds who don't get it, LuckyOne.

It sounds like you're explaining to your subscribers that today's 500-point move in the DOW is more about technical aspects, driven by algorithms and chart patterns, rather than new fundamental news. You're also preparing them for the upcoming Jobs report, which you anticipate will provide significant market direction, especially considering recent events and actions by former President Trump.

That's a solid analysis, blending technical and fundamental factors. It would be interesting to see how your subscribers respond and what other insights you have to offer.

 

[luiza]

Troll Bots desperate now .

All the trouble was baked into the system when the Piss and Fart President was around .

They have called for Mucky to try and help second team DeCrappy and Horsey .
What a bunch of negative and spiteful people .

 

[Cougarbear]

Really?

Here, let me give you what the charts are saying:

Important week ahead, given that Trump administration's action will start to show in the economic reports​

DOW Friday Closing Price - 43840
SPX Friday Closing Price - 5954
NASDAQ Friday Closing Price - 20884
RUT Friday Closing Price - 2163

This past week was a wild week with high volatility and some dichotomy. The DOW outperformed all the indexes, having dropped .6% (from the previous week's close to the low seen last week) and then generating a positive reversal week, having made a new 6-week low and then closing green. On the other side of the coin, the NASDAQ and the RUT both dropped 5% from the previous week's close to the low last week and both closed red. The SPX dropped 3% and also closed red. The dichotomy was evident with the DOW closing on the high of the week and the NASDAQ closing in the lower half of the week's trading range, suggesting the dichotomy will continue this week. This does suggest that the traders are taking a "safe" (not speculative) approach to what is coming, starting this week, which is economic numbers that will start reflecting the Trump's administration effects of the economy.

One important chart thing that happened this week, is that the SPX got down to the bottom of the up channel it has been in since November and bounced up to close in the upper half of the week's trading range, meaning that if it does go above last week's high at 6043, a successful retest of the channel will have occurred, suggesting that up channel remains in place. Having said that, the channel is exclusively chart oriented, meaning that the fundamental picture remains the driving force of the market. With this week's important economic reports of the ISM Index and Jobs reports due out (Monday and Friday), those will determine if the channel remains or is broken. On a positive note, to all of this the channel will clearly give us that information, because if the index breaks the bottom of the channel (currently at 5834) and then confirms the break (going below 5773), the chart will clearly paint the picture that we are now in a down trend.

Having said all of the above, these two economic reports may not yet be catalytic as they represent what happened in February. The results of Trump's action may not yet be reflected strongly in these reports, meaning that some upside can still be seen without the uptrend resuming. Once again, the SPX will be the key. The all-time high at 6147 has not yet been tested successfully and if the economic reports are not conclusive, such a retest is likely to occur. As such, if the index does get above last week's high and closes green, such a retest could be happening. If that is the case, the index could get up intraweek as high as 6099 and then close out the week on Friday at 6040. If that occurs, the following week's inflation report will take on much meaning and would likely be decisive.

These are some of the chart levels to watch this week in the rest of the indexes. In the DOW intraweek resistance should be found at 44486. On a daily closing basis, it is at 44293 and that level is indicative. To the downside, a drop below last week's low at 43100 (daily close below 43239) would be indicatively negative. In the NASDAQ, there is presently intraweek resistance at 21182, which if broken would suggest that 21702 would likely be seen. With the index likely to go lower this week, the downside objective could be as low as 20200, which is where the 200-day MA is currently at. The 19880 level is pivotal intraweek support. In the RUT, the picture is presently negative as the index has broken (and confirmed the break) of the 200-day MA (currently at 2204). A confirmed daily close above that level, would be a short-term positive if the weekly close is above 2207. Such a close would open the door for 2263 to be seen. To the downside, there is no support below until the 2080-2090 level is reached.

Things are unclear at this time, given that there are a lot of very game-changing things occurring in the Trump presidency, which the results of, are not yet known. Overall, speculation is leaning to a bearish conclusion, but it is still to early to say how high those probabilities are. The reports this week and the next, will start to paint a clearer picture. Expect the high volatility that has been seen of late, to continue.

No worried. Today, the markets are up. It's what markets do. Go up and down. Over time, way up.

 

[justoffal]

Hell no. Buy low and sell high. Not with Trump ending wars, cutting spending and doing exactly what he was elected to do. Markets LOVE that shit. Once chickens return to laying eggs and egg prices return to normal, things will calm down.

Democrats can be found sneaking into egg farms with infected feathers.

 

[Luckyone]

No worried. Today, the markets are up. It's what markets do. Go up and down. Over time, way up.

Since 1923, the average bull market has lasted 1011 days. This bull market has now lasted over 5500 days. This is why you think that over time, way up. You have not experienced a down trend in the last 15 years. Down trends average 290 days. This time around and considering the time the uptrend lasted, you could see a downtrend lasting 5 times more, meaning 3-4 years.