Here’s what it takes to trigger stock-market circuit breakers

Discussion in 'Markets & Economies' started by openeyes, Mar 16, 2020.

  1. openeyes

    openeyes Well-Known Member Silver Stacker

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    This is a rewrite from an article on Marketwatch

    https://www.marketwatch.com/story/h...gger-stock-market-circuit-breakers-2015-08-24

    7% decline
    If the S&P 500 falls 7% from the previous session’s close before 3:25 p.m. Eastern, all stock-market trading halts for 15 minutes.


    13% decline
    After stocks reopen, it would then take a 13% decline by the S&P 500 before 3:25 p.m. to trigger a second trading halt, which would also last 15 minutes.


    20% decline
    After a second trading halt, it would take a decline of 20% to trigger a so-called Level 3 circuit breaker. Once a 20% drop occurs, trading is halted for the remainder of the day.

    I think we will see this or very close to it - today EST 16th March 2020
     
    sterling-nz, minimilled and kilo like this.
  2. kilo

    kilo Well-Known Member Silver Stacker

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    I’ve always wondered what level of gains trigger a circuit breaker on an upswing?

    :rolleyes:

    Oh that’s right the house owns the table

    :oops:
     
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  3. slavaja

    slavaja Well-Known Member Silver Stacker

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    Tonight will be one for the history books
     
  4. mongrelmaple

    mongrelmaple Well-Known Member Silver Stacker

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    What’s everyone’s thoughts about how much the Dow will drop tonight? Will we hit level 3? I’m thinking we’ll hit level 2 fairly quickly, but end up closing about 16% lower
     
  5. slavaja

    slavaja Well-Known Member Silver Stacker

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    I reakon first 2 circuit breakers within the hour
     
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  6. openeyes

    openeyes Well-Known Member Silver Stacker

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    As mentioned I think we will stop out for the day at 20%. If not it will be very close. PPT will likely be in action so let’s see what happens. Gold and silver are quite a portend to the days events.
     
  7. Krakked789

    Krakked789 Well-Known Member

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    Any chance we could go flying up to 25 or 26k? Big short squeeze?
     
  8. alor

    alor Well-Known Member Silver Stacker

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  9. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Oil down again.

    upload_2020-3-16_23-53-27.png
     
  10. betterinvestmentthanshare

    betterinvestmentthanshare Active Member

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    1st trigger enabled
     
  11. openeyes

    openeyes Well-Known Member Silver Stacker

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    Wasn’t so bad after all
     

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