07/19/2018 Live Update

[K447]

FB, GOOGL, AMZN, MSFT and AAPL.
These 5 stocks are now worth nearly $4.1 trillion. That makes these 5 companies the 4th largest economy of the world if you use GDP as a reference. Not bad for less than a million people employed at these 5 companies.
Their combined market cap increased $260B in just the past ELEVEN trading DAYS. Seriously.
ALERT: the warning signs for mean-reversion are very pronounced.
[Northman Trader,via you-know-who]

Mean reversion in what timeframe(s)?

[Al_Dente]

Just so we all understand how wealthy Jeff Bezos is:
At $150B, his net worth is higher than the market cap of 466 of the 500 companies in the S&P 500 (as of 7/16/18 close).

[Al_Dente]

FB, GOOGL, AMZN, MSFT and AAPL.
These 5 stocks are now worth nearly $4.1 trillion. That makes these 5 companies the 4th largest economy of the world if you use GDP as a reference. Not bad for less than a million people employed at these 5 companies.
Their combined market cap increased $260B in just the past ELEVEN trading DAYS. Seriously.
ALERT: the warning signs for mean-reversion are very pronounced.
[Northman Trader,via you-know-who]

Mean reversion in what timeframe(s)?

That's the KEY QUESTION boss
I had typed "eventual" mean reversion, then deleted the too vague "eventual"
MSFT reports tonight
I'm just taking it day by day. Problem with that is when the stuff hits the fan, it will be lightning-fast and deadly

[1der]

Just so we all understand how wealthy Jeff Bezos is:
At $150B, his net worth is higher than the market cap of 466 of the 500 companies in the S&P 500 (as of 7/16/18 close).

imho, Bezos, Musk, Zuckreberg, et al net worth numbers are all smoke and mirrors. Try trading 1,000 shares of AMZN and see how many 5 share / 40 share trades it takes to actually clear the order. I put in a single 100 share sell order a few weeks ago and it was three executions including one of 4 shares. No way 81 million shares of AMZN trades at $1821/share without impacting price. 50 day avg vol is 3.6 million shares, and how much of that is actually day trading scalps.

[Al_Dente]

zh, with their usual drama, weighs in on the HIGH SKEW
https://www.zerohedge.com/news/2018-07- ... to+zero%29

[Al_Dente]

HAPPY HOUR

[Al_Dente]

...imho, Bezos, Musk, Zuckreberg, et al net worth numbers are all smoke and mirrors. Try trading 1,000 shares of AMZN and see how many 5 share / 40 share trades it takes to actually clear the order. I put in a single 100 share sell order a few weeks ago and It was three executions including one of 4 shares. No way 81 million shares of AMZN trades at $1821/share without impacting price. 50 day avg vol is 3.6 million shares, and how much of that is actually day trading scalps.

that is sick

[te_fern]

Tightened my stop, went to lunch and was knocked out. Cost me $26 for all that fun!

boss: the rules are: no mowing the lawn when you're short, no lunch break when you're short

Hadn't read my rules recently and forgot! Glad you reminded me, cuz that sure was frustrating!!

[Trades with cats]

Rocking chair story-

I do remember before the great Japanese market collapse when they said that Nippon telephone had a greater market cap than the S&P 500. A person I worked with was in pure panic thinking they were going to buy up our entire country. The media just loves those stories. I wonder if they are as accurate an indicator as the cover of Fortune magazine (are they still in business?).

[fehro]

huge gap tomorrow.. either way.. diamond pattern bearish rising wedge, with a wedge VIX green, TLT hammer daily "should" be down

[Wallstreetrader]

Inverted HS 5m. target 2822 carefull...

[Cobra]

members only update at 3:50 pm
http://www.cobrasmarketview.com/2018/07 ... ay-update/

[Cobra]

well, guess that's it for today. Friday tomorrow has been generally bull friendly. thank you guys, I'll see you in another thread soon.

before the close, please take a little time to vote for me, thanks. http://stockcharts.com/public/1684859/tenpp

[1der]

MSFT 45 min chart H&S looking. Earnings will be interesting!

[Wallstreetrader]

did you buy the dip ?