A Stock Market Crash Compared To Recent Sell-Offs

Not a stock market crash based on historical sell offs

Obviously! 

But the sell-off that we are seeing this morning before the equity market has even opened, is far greater than what we have become used to seeing. One thing I will add here is that, based on my experience and years of observations, the hard Sunday gap downs like we saw last night, are often times the easiest to fade to the upside.

I'm barely long heading into today, and it was mainly me adding one position on Friday to see if the afternoon bounce would could continue into Monday. It isn't, but the impact of exploring that possibility won't hurt the portfolio. My stop is tight. Market is quite oversold, so I honestly would not be surprised to see a rally some point today that wipes out most of the day's losses. I've seen it happen far too many times. 

Also, worth mentioning if the finance sector. These guys have been taken to the wood shed now for weeks. If the market is going to bounce, it will be because the financials finally decide to come around. 

S&P 500 Chart

(Click on image to enlarge)

stock market crash

Current Stock Trading Portfolio Balance: 

  • 1 Long Postion

Recent Stock Trade Notables:

  • Alibaba Group (BABA): Long at 105.736, closed at 108.22 for a 2.4% profit. 
  • Facebook (FB): Long at 134.27, Closed at 139.23 for a 3.7% profit. 
  • CDW Corp (CDW): Long at 58.65, closed at 58.91 for a 2.7% loss. 
  • Redhat (RHT): Long at 82.41, Closed at 83.53 for a 1.4% profit. 
  • Ambarella (AMBA): Long at 57.15, Closed at 55.52 for a 2.8% loss. 
  • Alibaba Group (AMBA): Long at 104.73, closed at 106.05 for a 1.3% profit. 
  • Broadcom (BABA): Long at 218.63, Closed at 222.71 for a 1.9% profit. 
  • American Airlines (AAL): Short at 44.76, Closed at 44.03 for a 1.6% profit.
  • UPRO  (Day-Tade): Long at 95.35, closed at 96.50 for a 1.2% profit.
  • OZRK: Long at $56.12, closed at $54.69 for a 2.5% loss. 
  • FNSR: Long at $34.25, closed at 34.70 for a 1.3% profit. 
  • UPRO  (Day-Tade): Long at 96.92, closed at 98.03 for a 1.2% profit. 
  • JP Morgan Chase (JPM): Long at 87.21, closed at 89.67 for a 2.8% profit. 
  • Chevron (CVX): Short at 110.03, covered at 111.85 for a 1.6% loss. 
  • Flex Technologies (FLEX): Long at $15.62, closed at $16.57 for a 6.1% profit. 
  • Baidu (BIDU): Long at $174.70, closed at $187.00 for a 7.0% profit. 
  • Ollie's Bargain Outlet: Long at 33.20, closed at $32.50 for a 2.1% loss. 
  • Corning (GLW): Long at $26.98, closed at $27.45 for a 1.7% profit. 
  • Illinois Tool Works (ITW): Long at $127.74, closed at $129.86 for a 1.7% profit. 
  • Marriott Int'l (MAR): Long at $86.16, closed at $87.51 for a 1.6% profit. 

Click here to download my Allocation Spreadsheet.

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