Personal Finance and Investing

BWdem4life

(2,466 posts) Thu Jul 27, 2023, 07:14 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

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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

sprinkleeninow

(20,546 posts)

1. Maybe, maybe not. But the Feds are. nt

Reply to BWdem4life (Original post)

Thu Jul 27, 2023, 07:23 PM

Jul 2023

jmbar2

(6,100 posts)

2. Yup - a good dump today.

Reply to BWdem4life (Original post)

Thu Jul 27, 2023, 07:30 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.