Can't believe the market lost +4% today!

[TheDawn]

Looking at S&P 500 that is. So what are we supposed to do? Set the stop-loss at the circuit-breaker level of 7%???!! Unreal!!

 

[VEGASDESERT]

In fairness, were back to 4 days ago.

And if you're a swing long yes, stop is below that low. Although that wasn't a good swing long anyway.

 

[Overnight]

Looking at S&P 500 that is. So what are we supposed to do? Set the stop-loss at the circuit-breaker level of 7%???!! Unreal!!

No, you set it at the 21% level, because it can't fall past 20% in a single day. ;-)

 

[nitrene]

I haven't seen one earnings report take down a whole index in a while. That TGT earnings was pretty bad. Better hope CostCo earnings aren't as bad otherwise more pain will be coming. The NQ fell almost 5.5% from that point on (0500 CST).

 

[SunTrader]

Look on the brightside, as measured from the open it was "only" a -3.166% drop for $SPX

 

[SunTrader]

I haven't seen one earnings report take down a whole index in a while. That TGT earnings was pretty bad. Better hope CostCo earnings aren't as bad otherwise more pain will be coming. The NQ fell almost 5.5% from that point on (0500 CST).

Forgetting about WallyWorld (WMT) down almost -9%?

Or is that who you meant?

 

[TimtheEnchanter]

The dead cat bounce a day before was a fake out...bear markets are tricky this way

 

[nitrene]

Forgetting about WallyWorld (WMT) down almost -9%?

Or is that who you meant?

It was really a culmination of WMT AMZN & TGT but it seems Target was the last straw for that collapse today. The market was up yesterday even with the bad print from WMT.

 

[SunTrader]

It was really a culmination of WMT AMZN & TGT but it seems Target was the last straw for that collapse today. The market was up yesterday even with the bad print from WMT.

But the -9% was today.

 

[JackMorgan]

poster shmuck for the selloff. Everything he loves is down 50% or more