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BWdem4life

(2,631 posts)
Thu Jul 27, 2023, 08:14 PM Jul 2023

Did the MSM just jinx the Dow Jones?

Lol

I follow 45 stocks, my index is down 1% today.

One of those stocks is RTX. Formerly Raytheon Technologies. It lost 10% in a single day a few days ago on bad news regarding the P&W engine. Has declined 3 days in a row, almost in my "buy" wheelhouse - for this particular stock, my current buy price is $84.11 or lower - about 1.2% lower than today's close.

That's all i got.

5 replies = new reply since forum marked as read
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Did the MSM just jinx the Dow Jones? (Original Post) BWdem4life Jul 2023 OP
Maybe, maybe not. But the Feds are. nt sprinkleeninow Jul 2023 #1
Yup - a good dump today. jmbar2 Jul 2023 #2
Guess you hadn't hard the D/J just matched a record for most gain days in a row. Fiendish Thingy Jul 2023 #3
Right, but that was before today. BWdem4life Jul 2023 #4
Yep - seems more like profit-taking than anything else. (nt) FireUpChips10 Jul 2023 #5

jmbar2

(7,187 posts)
2. Yup - a good dump today.
Thu Jul 27, 2023, 08:30 PM
Jul 2023

The day after FOMC tends to retrace. It was expected by short-term traders--should last for a few days then move back up for awhile.

Short-term traders love these pullbacks to reload at bargain prices.

Fiendish Thingy

(20,423 posts)
3. Guess you hadn't hard the D/J just matched a record for most gain days in a row.
Thu Jul 27, 2023, 09:36 PM
Jul 2023

13 days of gains in a row- first time since 1987.

Today’s losses don’t exactly make the market “jinxed”; the Fed’s hike was already priced in.

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