DrStool Posted April 22, 2020 Report Share Posted April 22, 2020 Dicsucs Link to comment Share on other sites More sharing options...
fxfox Posted April 22, 2020 Report Share Posted April 22, 2020 If we analyze only price action, without taking into account the actions of the FED and stimulus by the gobbernmint and stuff like that, than the answer is: Yes. This is clearly a bull and yesterday was a good chance to add to existing longs. The thing is: There is this relatively small stimulus package, market should not react much on that, but they simply can bomb the market 50 and more points higher out of nowhere. That is simply not bearish. Under the current cirucmstances that is very hard to accept, but one has to, both for financial and mental health. Going short in this market could mean personal financial death. Nobody will bail you out, don't forget. They will let everything else die, Oil, Gold, commodities, all other kinds of stuff, simply everything, BUT: They will not let the stock market go down much. That is the plan. That's because of Blackrock. And the 401k's. Link to comment Share on other sites More sharing options...
DrStool Posted April 22, 2020 Author Report Share Posted April 22, 2020 Houston, we have a trendline. Ackshully, we have many trendlines. Where in Trendline Land. Pick your channel. Link to comment Share on other sites More sharing options...
DrStool Posted April 22, 2020 Author Report Share Posted April 22, 2020 Breakout. Sigh. Link to comment Share on other sites More sharing options...
DrStool Posted April 22, 2020 Author Report Share Posted April 22, 2020 If this sticks, the cash open would be around 2785, with clearance to 2825-35 Link to comment Share on other sites More sharing options...
fxfox Posted April 22, 2020 Report Share Posted April 22, 2020 When was the last time that when Futures were up that Cash sold off? Many many moons ago... That‘s the core problem: The US never sells off. When there is damage it is done overnight. There is never support of the bears by the Cash market. Bears had a really good chance yesterday and today. And lost it. Forget it. The bear case is done. Link to comment Share on other sites More sharing options...
DrStool Posted April 22, 2020 Author Report Share Posted April 22, 2020 1 hour ago, fxfox said: When was the last time that when Futures were up that Cash sold off? Many many moons ago... That‘s the core problem: The US never sells off. When there is damage it is done overnight. There is never support of the bears by the Cash market. Bears had a really good chance yesterday and today. And lost it. Forget it. The bear case is done. Bearish. Link to comment Share on other sites More sharing options...
DrStool Posted April 22, 2020 Author Report Share Posted April 22, 2020 If they keep it below 2820, still would have bearish potential. Link to comment Share on other sites More sharing options...
fxfox Posted April 22, 2020 Report Share Posted April 22, 2020 14 minutes ago, DrStool said: If they keep it below 2820, still would have bearish potential. Dem trying to lure you in. Link to comment Share on other sites More sharing options...
DrStool Posted April 22, 2020 Author Report Share Posted April 22, 2020 lOOK HOW TINY THIS RANGE IS TODAY. i THINK MY CAPS LOCK KEY IS ON. Link to comment Share on other sites More sharing options...
DrStool Posted April 22, 2020 Author Report Share Posted April 22, 2020 yES, IT IS. i JUST LOOKED. Link to comment Share on other sites More sharing options...
DrStool Posted April 22, 2020 Author Report Share Posted April 22, 2020 wuczrs resistance convergences 2785. Link to comment Share on other sites More sharing options...
No Einstein Posted April 22, 2020 Report Share Posted April 22, 2020 i think the simplest explanation for what the FED is doing (Occam's razor ?) is; the rich and powerful are facilitating the rich and powerful's exit... still say ...Sell in May and go away.. 7 trading days to May 1 Link to comment Share on other sites More sharing options...
MisFit Kid Posted April 22, 2020 Report Share Posted April 22, 2020 10 Years Gone........ (SCHG) Schwab Large-Growth ETF (The S&P 5 are 33% of this index of 349 stocks) vs. (SCHD) Schwab US Dividend ETF (Tracks the Dow Jones US Dividend 100) Link to comment Share on other sites More sharing options...
Jorma Posted April 22, 2020 Report Share Posted April 22, 2020 I don't see why AMZN can't be 10,000. They have unlimited capital. Along with the other giants. Capitalism unbound from any constraints on how much it can borrow. Well nearly limitless credit will be given now hundreds of corporations, who are friends of the Party. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.