Thread: tsptalk's Market Talk

Amazon and Google (Alphabet) report after the close.

New 2018 high for the dollar...

Both are dropping, after hours.

Originally Posted by tsptalk

Amazon and Google (Alphabet) report after the close.

Possible support near 2625. The red vertical line was the point loss in February, so this correction hasn't quite reached that level of decline.

Originally Posted by tsptalk

Possible support near 2625. The red vertical line was the point loss in February, so this correction hasn't quite reached that level of decline.

Damn 1100 CT cutoff. Never know what's going to happen intraday, but we are getting ever so close to that 2625-2600 level.

It's amazing that Amazon, which beat on earnings estimates handily, can impact the market like this.

They reported earnings per share of $5.75 vs estimates of $3.14.

But revenue fell just short at $56.6 billion vs. estimates of $57.07 billion.

Is that a reason to take the entire market down 2-3% today?

I guess they guided lower too which is the main concern.

Forward-looking guidance was also lower than analysts’ expectations. “Net sales are expected to be between $66.5 billion and $72.5 billion, or to grow between 10% and 20% compared with fourth quarter 2017.” Operating income increased to $3.7 billion in the third quarter, compared with $347 million from the same period last year.

With the Fed no longer helping markets but instead tightening and unwinding their QE, there is now a headwind that companies may be feeling now. Add the tariff uncertainty and and bond yields rising and perhaps a repricing is reasonable after the parabolic 2017 we had.

Did you know that from 2003 to 2017 (and through yesterday in 2018) the S&P 500 only had one negative year? 2008 was down about 37%. So it looks like when they adjust prices, they really adjust.

"Somethings Rotten in Denmark."

I hope this reversal didn't start too early again. At this pace we'd need to see big gains by the close or the momentum will be stopping and the bears will have some red meat. Closing flat won't cut it because that means momentum from this early reversal will be stopped.

How's that for analysis? It's either going to be up big, hit the flat line, or rollover. Any questions?

My predictions are always 100% right. It could go up or it could go down

Originally Posted by sniper

My predictions are always 100% right. It could go up or it could go down

[The next day]

I told you it could go up ... and it did!

GOOG, which was down sharply at the open, actually went positive... but just backed off the high again.

https://finance.yahoo.com/quote/GOOG....tsrc=fin-srch