Jump to content
Sign in to follow this  
DrStool

Panic Goes VIral - World Markets 1/27/2020

Rate this topic

Recommended Posts

Corona Virus is the name. Panic is the game. Is it a real deal for the stock market. Indicators say maybe.  What say you! 

Share this post


Link to post
Share on other sites

i have given up trying to predict anything...

However, as far as the virus is concerned, i have a nephew who works for the CDC and he said the rumor there is "stock up on Corona Extra... drink 1 bottle every 30 minutes", you will probably still get the virus but you wont care and you will die happy.😉

Share this post


Link to post
Share on other sites

At any rate it is always certain that any stock market stumble will send TNX down fast and sure enough here  we are.  Which means nothing has changed. For almost 40 years it has been three steps forward one step back for stocks and for rates it has been one step forward and two steps back. Same old same old.

Perhaps a change will be in the air when run of the mill corporate bond rates don't come down. What is a good index to follow that?  Better yet would be a spread chart, Corp/TNX.  

Share this post


Link to post
Share on other sites
32 minutes ago, potatohead said:

This is not an index but a play on this whole house of cards.

 

moodys, 1-27-2020.PNG

Yup. 

Share this post


Link to post
Share on other sites

I've arrived in Zadar, Croatia, where I'm going to stop and hang out for a month. Time to take a break and keep a regular schedule! 

Share this post


Link to post
Share on other sites

I wasn't planning on staying here, but I liked the place so much I changed my plans. Great apartment, great spot to just chill for a month. 

Share this post


Link to post
Share on other sites

The 2 day cycle is in at least a sideways up phase. 

Share this post


Link to post
Share on other sites

5 day cycle projection 3237 done, but the 5 day cycle indicator is still plunging. Suggests at least a test of the low ahead. Support indicated at 3240. 

Share this post


Link to post
Share on other sites

If they can't get above 3255,  then a drop to 3225 would probably be next move. 

Share this post


Link to post
Share on other sites

At the close, the 5 day cycle projection was around 3225. 

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Al E. Greenspeuman designer line at Stoolmart. Get yours today! Click here now!

    Support your local Stool Board.

×
×
  • Create New...