Market News

[bmneveu]

Trading resumed at 2:37PM it appears. Old news already!

 

[weatherweenie]

US created 214K jobs in Oct vs 231K est; unemployment rate at 5.8% vs 5.9% est

 

[weatherweenie]

Jobless claims hit 290,000 vs. 280,000 estimate

 

[jkenjohnson]

Jobless claims hit 290,000 vs. 280,000 estimate

I remember when news like this would make a small dent in the market, but not anymore.

 

[RealMoneyIssues]

I remember when news like this would make a small dent in the market, but not anymore.

Bad news is good for the market, Good news is good for the market... buy, buy, buy

 

[weatherweenie]

Bad news is good for the market, Good news is good for the market... buy, buy, buy

I'm tempted to say screw it, and jump in. The market always goes up, right?

 

[jkenjohnson]

I'm tempted to say screw it, and jump in. The market always goes up, right?

Seems like it when we aren't in it.

 

[Handballer]

I'm tempted to say screw it, and jump in. The market always goes up, right?

Yes At some point. I'm in

 

[Frixxxx]

Not Looking Good at all today:

Futures drop as weak China, Europe data spurs growth worries
Link

Most EU down a point when we open!

 

[weatherweenie]

Not Looking Good at all today:

Futures drop as weak China, Europe data spurs growth worries
Link

Most EU down a point when we open!

Bring the pain. I have been waiting for a pullback to get in.

 

[Frixxxx]

Bring the pain. I have been waiting for a pullback to get in.

Pullbacks I can handle. Consolidation events, well I'm not in a position for that pain.

Unemployment over estimate by 5K.

 

[nnuut]

Ya never know.

DEFINITION of 'Bull Trap'

A false signal indicating that a declining trend in a stock or index has reversed and is heading upwards when, in fact, the security will continue to decline.
INVESTOPEDIA EXPLAINS 'Bull Trap'

A bull trap often causes some investors to buy the stock, but because the stock continues to decline after the initial signal, those who bought in are "trapped" in a bad investment.

Bull Trap Definition | Investopedia

 

[tsptalk]

Wow, how important is today's close?

China cuts interest rates and stocks go bonkers around the world, yet the reason is because their economic picture is getting bleak. That may be sinking in this afternoon.

The close is key!

 

[Boxholder]

I agree. I jumped into the I Fund yesterday on a whim and if Draghi had kept his mouth shut my wife would call me genius tonight. What happened in GLD today just before lunch to make it fall off a cliff?

 

[WorkFE]

China cuts interest rates and stocks go bonkers around the world, yet the reason is because their economic picture is getting bleak.

IKR.
That was crazy. I suppose there was a bit of herd gathering followed by cooler heads prevailing and more herd gathering.

 

[nnuut]

Hindenburg Omen cries bear market, again




Published: Dec 3, 2014 3:15 p.m. ET


The Hindenburg Omen, which is supposed to warn of an impending stock market crash, is crying wolf—or bear market, in this case -- but investors don’t seem to care.
And why should they? The bulk of the previous sightings of the infamous technical indicator, which was created by the late Jim Miekka, have failed to lead to any weakness at all, much less a bear market.
A new Hindenburg Omen appeared after the market closed on Tuesday, according to Tom McClellan, who writes the investment newsletter McClellan Market Report. Meanwhile, the Dow Jones Industrial Average DJIA, -0.46% edged higher in afternoon trading on Wednesday. The benchmark was on track to close at an all-time high for the 33rd time this year, despite multiple Hindenburg Omen appearances over the last 12 months. [more]
Hindenburg Omen cries bear market, again - MarketWatch

 

[dpmp]

I got out since Nov 13th and have been itching to get back in. I was just about jumping in head first yesterday. Thank gawd, my itch was gone today. Anyway, anyone got a crystal ball for Thursday, or Friday?

VIX is not where it was during the last capitulation yet.

 

[dpmp]

Megaphone pattern is forming on C and S. I fund has been making lower highs and lower lows.

"Bad" is not the right word, but I don't have any good words for it.

 

[weatherweenie]

The New York Fed's Empire State general business conditions index fell to -3.58 in December from November's 10.16 reading, falling to negative territory for the first time since January 2013. Economists polled by Reuters had expected a reading of 12.4 this month.

 

[weatherweenie]

Factory production increased 1.1 percent last month after an upwardly revised 0.4 percent advance in October, the Federal Reserve said on Monday. Economists polled by Reuters had forecast manufacturing output rising by only 0.5 percent in November after a previously reported 0.2 percent gain in October.