Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
With the selloff today, 1/18/22, Nasdaq Comp closed below 200-dMA. SP500, DJIA, DJ Transports are below 50-dMA. R2000 has been mostly below 200-dMA in 2022. Only DJ Utilities are barely holding above 50-dMA. These are seen in individual Stockcharts (not shown). However, all are shown below YTD in the link (reset to YTD) and chart below.
19th January, 2022: -0.11% today. But worse than that, YTD, about -2.7%. Not too bad. Curious to see what sort of monthly divs I'll get from my bonds at the end of the month. At mid-month, PTIAX unusually paid a mere 2 cents per share. That's way out of the ordinary. My others: PRSNX. RPSIX. PRFRX. TUHYX.
@BenWP- well, there's been a lot of that, for sure. Probably some buying early in the day as things start to struggle up, then taking any gains and cashing out later on. Arbitrage, I suppose.
Hi @Old_Joe Heard part of a short blip today about ASML also having problems obtaining parts/product for their factory in Berlin, after the fire there, a few weeks ago. Overall, I believe they remain well positioned in this tech. area.
@hank IG bonds today and IG bond futures at this time have assumed a more normal relationship to equity weakness. Some relief in the bond sell down is in place at this time (Jan. 20, 10:30 pm, EST).
Hi @catch22- yes sir, I'm not too concerned about that situation in Berlin. It wasn't catastrophic by any means, and they'll get it going again. I also believe that they are very well positioned, and virtually without competition in a specialty niche that's very expensive to enter. A very wide moat, indeed.
If this market situation continues I intend to add shares if it continues downward.
2022 better not turn out to be Death by 1,000 Cuts. Can't we just get a few big wash out days where equities are down -4% or -5% per session? That's the way to do it.
S&P 500 fell to the 200d ma (actually dropped a touch below it) in what feels like record time, and then bounced back up a bit. If you do this sort of thing, whether the 200 holds is a good thing to be watching.
Behind pay wall for me. May be somebody could let me know what it is about. This is not 5he first time we had option expiry date. What is different today? Thanks.
Behind pay wall for me. May be somebody could let me know what it is about. This is not 5he first time we had option expiry date. What is different today? Thanks.
It has to do with $3.3 Billion in options expiring yesterday (3 rd Friday of every month). It mentions the big drop in NETFLIX as coinciding with options expiration. It mentions greatly increased options trading recently and attributes a lot of that increase to increased participation in options trading by retail investors and to professional traders seeking to “hedge” against a turbulent overpriced market.
I’m unable to copy / paste from Bloomberg’s site or would. A lot of times when I’m locked out of Bloomberg I temporary delete their App from my device. Usually the article surfaces elsewhere on the web. Something screwy was taking place Friday for sure. Wild gyrations like I haven’t seen in a while. Sometimes that kind of action foretells a significant change in market direction.
Comments
With the selloff today, 1/18/22, Nasdaq Comp closed below 200-dMA. SP500, DJIA, DJ Transports are below 50-dMA. R2000 has been mostly below 200-dMA in 2022. Only DJ Utilities are barely holding above 50-dMA. These are seen in individual Stockcharts (not shown). However, all are shown below YTD in the link (reset to YTD) and chart below.
https://stockcharts.com/h-perf/ui?s=$SPX&compare=$COMPQ,$INDU,$TRAN,IWM&id=p31099096152
Where have all the dippers gone?
Heard part of a short blip today about ASML also having problems obtaining parts/product for their factory in Berlin, after the fire there, a few weeks ago. Overall, I believe they remain well positioned in this tech. area.
ASML articles
Take care,
Catch
IG bonds today and IG bond futures at this time have assumed a more normal relationship to equity weakness. Some relief in the bond sell down is in place at this time (Jan. 20, 10:30 pm, EST).
If this market situation continues I intend to add shares if it continues downward.
This correction is too orderly.
$3.3 trillion stock options expiry
Enjoying the ride, Derf
Looks like everything’s settled into a nice downward spiral now.
I’m unable to copy / paste from Bloomberg’s site or would. A lot of times when I’m locked out of Bloomberg I temporary delete their App from my device. Usually the article surfaces elsewhere on the web. Something screwy was taking place Friday for sure. Wild gyrations like I haven’t seen in a while. Sometimes that kind of action foretells a significant change in market direction.