Menu
Sister Sites

  • S&P 500 drops 7%, triggering NYSE ‘circuit breaker’ trading halt for 15 minutes

    From cnbc.com

    U.S. stocks fell sharply once again on Thursday after an address from President Donald Trump failed to quell concerns over the possible economic slowdown from the coronavirus. The S&P 500 dropped 7% shortly after the open, triggering a 15-minute “circuit breaker,” which temporarily halts trading at the New York Stock Exchange. The broad index also joined the Dow Jones Industrial Average in bear market territory. The 30-stock Dow slid more than 1,600 points, or 7.%. The Nasdaq Composite dropped 7%. Before the open, futures contracts tied to the major indexes fell to their so-called limit down thresholds, ... (full story)

My broker wont allow to open trades on dow
Get a new broker
Old Dog Kiwi
I wonder if Robinhood crashed again lmao.
The solution is (x).
Robbing Hood and his merry men aren’t,t merry at the moment :-) lets hope we wake up in the morning with a few less banksters - figuratively speaking of course
Old Dog Kiwi
Quoting Mr.Kebab
My broker wont allow to open trades on dow
No one will-- markets @ limit down-- no trading for 15 minutes and then maybe shut down again if the drop is large enough.
Where does the market go if sellers cannot find any buyers? The table is close to being set for a bloodbath for the bears.

The ole market adage: when everybody wants to sell, its time to buy.
Margin calls galore. Major Deflation event happening. Waiting to see the printing presses fired up. I wonder how many businesses will be rescued this time.
You misspelled " Trash crash. Gold and bitcoin manipulated. '

Fixed it
Beware of robber banks (RB), bad advisors.
Quoting kminler
{quote} No one will-- markets @ limit down-- no trading for 15 minutes and then maybe shut down again if the drop is large enough.
Its moving, but can't open trades. Must be really bad
Tradestation sent a message saying that any trades without a stop loss will immediately be liquidated.
Wow how is the usdjpy not selling off?
Quoting fahad516
Wow how is the usdjpy not selling off?
Definitely a disconnect but I think it'll eventually happen just have to wait for it.
The solution is (x).
US market, media and administration supporting political commentators and this joke US Administration spent 2 months taking the piss out of China when it got hit. The POTUS even tried to do the same yesterday --- "Foreign Virus"???? Cut off Europe?
Well welcome to the Real World Guys. Virus epidemics don't recognise Walls, or national boundaries.
The market Eterna-Bulls who've been drinking the Trump KoolAid are finally getting their balls crushed.
Cash is king.. be some amazing opportunities in the rubble this will leave... so if you were smart enough to read the tea leaves in February.. you'll be a very happy bunny.. because there's more to come.

Just a Thought#
Warning: A Dangerous Subversive: 1% of comments CoCed
it can drop 20% between today and tomorrow
Confucius: the man who broke the mountain was the same man who started ...
Quoting RossEdwards
US market, media and administration supporting political commentators and this joke US Administration spent 2 months taking the piss out of China when it got hit. The POTUS even tried to do the same yesterday --- "Foreign Virus"???? Cut off Europe? Well welcome to the Real World Guys. Virus epidemics don't recognise Walls, or national boundaries. The market Eterna-Bulls who've been drinking the Trump KoolAid are finally getting their balls crushed. Cash is king.. be some amazing opportunities in the rubble this will leave... so if you...
Ross, you're a great guy to bet against. Time to buy the fake sell off SOON! Probably the buy of the century!
Attached Image (click to enlarge)
Click to Enlarge Name: web_122239-01-08_big_tp_VL391146_MG18279040.jpg Size: 41 KB
Confucius: the man who broke the mountain was the same man who started ...
You guys are hilarious , can,t get to sleep for laughing
Old Dog Kiwi
Quoting RossEdwards
US market, media and administration supporting political commentators and this joke US Administration spent 2 months taking the piss out of China when it got hit. The POTUS even tried to do the same yesterday --- "Foreign Virus"???? Cut off Europe? Well welcome to the Real World Guys. Virus epidemics don't recognise Walls, or national boundaries. The market Eterna-Bulls who've been drinking the Trump KoolAid are finally getting their balls crushed. Cash is king.. be some amazing opportunities in the rubble this will leave... so if you...
Actually, Ross, the people on this site are here to trade Forex and some Futures. You can make money selling items like the EURUSD and shorting the S&P. If you are a stock trader you are on the wrong site.
Never doubt a 100% correction to start a new cycle.
these circuit breaks when it falls, why when it rises there is no circuit break?
Confucius: the man who broke the mountain was the same man who started ...
Quoting Maxthetrader
{quote} Ross, you're a great guy to bet against. Time to buy the fake sell off SOON! Probably the buy of the century!
Quoting Maxthetrader
Dow 50000 on the way. Buy dips.
Quoting Maxthetrader
{quote} I track the small traders. When they get bearish, its time to BUY! They are 100% wrong at every market turn. You just can't find a better indicator than that. Now whats that jargon about Trump now? hahaha
Quoting Maxthetrader
Buy DOW tomorrow! 50K on the way! Way too many doomsdayer idiots out there about to get RUN OVER!!!!
You having a Laugh?
You are right. When it bottoms ..It will be Buy of the century.
But if by following your consistent recent recommendations folk have already lost their ass on your risk-oblivious bull strategy? Oh and Ive just done quick calc.. if you bet against us 1:1 /$ for $ ..$100 us since start of year youd be sitting on about $40 today...
Warning: A Dangerous Subversive: 1% of comments CoCed
Quoting afevir
these circuit breaks when it falls, why when it rises there is no circuit break?
because it's a free fall without a parachute....price stuck in the downtrend need a very low support ... and then when the downtrend wave meets the uptrend ... only one wins..

to start a new cycle all over again only correction 100% .. gold maybe goes to the hell. because dxy UP more.
Quoting Marcieny
{quote} because it's a free fall without a parachute....price stuck in the downtrend need a very low support ... and then when the downtrend wave meets the uptrend ... only one wins.. to start a new cycle all over again only correction 100% .. gold goes to the hell. because dxy UP more.
ok, is the perfect indicator for sell all
Confucius: the man who broke the mountain was the same man who started ...
Quoting RossEdwards
{quote} {quote} {quote} {quote} You having a Laugh? You are right. When it bottoms ..It will be Buy of the century. But if by following your consistent recent recommendations folk have already lost their ass on your risk-oblivious bull strategy? Oh and Ive just done quick calc.. if you bet against us 1:1 /$ for $ ..$100 us since start of year youd be sitting on about $40 today...
Are you saying that I said there will be no corrections along the way? I short these corrections. I like the fast money so I can buy even more when the market skyrockets again. I believe we're getting very close now. Even the shoeshine boys are yelling "sell stocks". I believe in a few weeks or months this coronavirus scare will be long forgotten. Trade safe!
When everybody wants to buy - its time to sell. That was one month ago.

When everybody wants to sell - its time to buy. This is the current reality. Now the timing?

The news is way too overwhelming with the coronavirus scaremongering. And smart people know you cannot ever trust the newsmedia!
French cac is losing 12.5% today, a whopping 35% since top, more to come?

It sounds sick
COT: The precious data ignored
Quoting Maxthetrader
When everybody wants to buy - its time to sell. That was one month ago. When everybody wants to sell - its time to buy. This is the current reality. Now the timing? The news is way too overwhelming with the coronavirus scaremongering. And smart people know you cannot ever trust the newsmedia!
So Your call is :-
"Quote: "The Market is going to Fluctuate..?
Let me translate: What you mean is you are entirely out of your depth.. and havent a clue.

So let me tell you my call.. Today was a falling knife.. BUT tonight/tomorrow likely to see correction on indices.
Many Leveraged positions will have been wiped out. Folk in cash will be buying in
Should you trade it? Not unless you REALLY know what you are doing....
This sort of drop is creating serious problems in all sorts of collateral and derivative markets.
Bottom picking on less affected stocks that have been swept along with the panic has already begun.
But the downside isn't over yet by a longshot. If infection numbers rise further and FAST in US overnight.. then sentiment on the impact on US commerce will cap that bounce.
OK?
Warning: A Dangerous Subversive: 1% of comments CoCed
Timing. Could be right now. I predict the market will fluctuate. Thats my call!

Bottom line: I let the market tell me what to do. Bullish ADD divergence just occurred on the intraday timeframe. Could be a sign. Wait for further confirmation.
Sirs we going to levels of 2016
Confucius: the man who broke the mountain was the same man who started ...
There are two solutions possible, one this was just a correction

my Quantum point lines and idea of price told me where a reaction up is likely

https://www.screencast.com/t/jxQ24cgp8

If we stall around 2727.27 then I suspect we will fall again. My geometric analysis points to this fall being over 17-29 of this month, From there a possible 50 to 60% retrace is possible.

As I get another swing I will be able to get closer to the termination of the first leg down.
500 points up
https://www.screencast.com/t/6jcX1pSJ
Looks like the bears are on the run right now. FAST MARKET straight up.
  •  Guest
  • | IP XXX.XXX.166.84
The great W.D.Gann quite often wrote about time being the most important factor . The crash of '29 was 2 months and 6 days . Today marks one month since the high of February 12 .
Quoting Guest
The great W.D.Gann quite often wrote about time being the most important factor . The crash of '29 was 2 months and 6 days . Today marks one month since the high of February 12 .
This so far, is a standard A-B-C correction in a longterm bull market. What is Gann's timing on A-B-C market corrections?
Quoting Maxthetrader
{quote} This so far, is a standard A-B-C correction in a longterm bull market. What is Gann's timing on A-B-C market corrections?
Do you even know what constitutes a Bull Market and a Bear Market?
A bear market marks a 20% decline in stocks from recent highs and an overall pessimistic feeling on Wall Street. They typically last around 13 months. The U.S. stock market had been in a bull market since March 2009, one of the longest on record. In that time, it’s experienced a number of corrections, or declines of 10% from record highs, before rebounding.
Its currently knocking on a 30% downturn.
Which bit do you not understand?
Warning: A Dangerous Subversive: 1% of comments CoCed
Quoting RossEdwards
{quote} Do you even know what constitutes a Bull Market and a Bear Market? A bear market marks a 20% decline in stocks from recent highs and an overall pessimistic feeling on Wall Street. They typically last around 13 months. The U.S. stock market had been in a bull market since March 2009, one of the longest on record. In that time, it’s experienced a number of corrections, or declines of 10% from record highs, before rebounding. Its currently knocking on a 30% downturn. Which bit do you not understand?
On the other hand the market hasn't yet reach a 38% retracement of the bull run starting in 09. I still see it as a bull market correction in the BIG picture. Currently its an intermediate term bear market if this makes you feel important.
I know I hold bitcoin and few crypto

Quoting RossEdwards
{quote} Do you even know what constitutes a Bull Market and a Bear Market? A bear market marks a 20% decline in stocks from recent highs and an ov... . Which bit do you not understand?
I know a trash market when I read FED BoE... lies
Beware of robber banks (RB), bad advisors.
  • New Comment
  •  Guest
  • | IP XX.XXX.122.214
Join FF
  • Story Stats
  • Posted: Mar 12, 2020 9:37am
  • Submitted by:
     Newsstand
    Category: Medium Impact Breaking News
    Comments: 41  /  Views: 19,547