Posted on 02/18/2021 9:31:59 AM PST by MeneMeneTekelUpharsin
Just wow. 3.35B shares have traded on the NASDAQ with some pretty volatile swings on some shares. Pretty wild.
There are more SELLS than BUYS. NASDAQ is down 1.2% as I write this. All the big technology companies are RED today.
I am ignorant with the intricacies of professional gambling, is that a highly unusual amount of volume for that exchange ?
S&P 500 is down -0.8%. yawn.
As is often the case, a single statistic is meaningless unless context is provided. In this case, what is the normal volume for the Nasdaq? If it is 5B trades on a normal day, then this is truly nonsense.
I see that S&P500 is at 950M, now. But I do not know if it is normal for Nasdaq to have higher, or lower, trading rates than the S&P500.
All the big technology companies are RED today.
~~~
I thought I saw a post/headline this morning about several countries passing laws to fine Twitter for censoring it’s citizens.
Could it be that investors see this as the start of a potential legal landslide for social media?
S&P trades 5 billion a day on average.
Everything I follow on the NYSE is red, as well. I use a short list to indicate the mood of the country and economy.
The DOW, S&P 500, Apple, Nike, General Dynamics and Target. I’ve found this short list to be reasonably accurate. I never use it for purchase decisions, though, only as mood indicators.
Each is well down today. No idea why.
Thanks for the benchmark. That’ll probably get beat today.
Not sure. As of now it has traded just shy of 1 billion.
One stock I notice, Wal-Mart down 5-percent, but goes with announcement that minimum pay level will be 13 to 19 dollars per hour.
To try and put it in context look at a typical chart.
Along the bottom is charted volume.
Todays volume is not typical but also not unheard of.
It also depends on how closely you gander.
change the length of the chart and the overall impressions change.
https://finance.yahoo.com/quote/%5EIXIC?p=%5EIXIC
Well, its just a couple days. Wait and see how it goes for the next two or three weeks and then..
Heard some radio talk show programs where some pretty good financial geeks have been saying that by the end of March the writing will be on the wall.
Trumps economic policys-those that are left in place, will be done in June or July.
When the market did this in 2007 or 2008, IIRC it was just before a crash. I thought it was wobbling like a spinning top does, just before it falls over. It will be interesting to watch.
I pulled out of the market totally just before the election. I missed the increase in the DOW since then, but will be staying out of it in the foreseeable future.
It was a little over 28,000 when I bailed. Since then the market has been irrational.
I noticed oil is down today too.
Trish Regan’s podcast is forecasting inflation due to fed printing so much money and policies of Powell and now Janet Yellen again oh no
Tech is volatile.
The Nasdaq Index follower, QQQ is up big over the last year, and that includes the crash early in 2020.
A day is meaningless.
However today about all that is up is Bond Funds and Utilities, just my limited observation. Is that a flight to safety as they whomever they is that no one (aka 1600 Penn Ave) is manning the store?
I have been worried about this market post PDJT, and I am watching it like a hawk.....
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