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Rebounding from a Pounding 9/21/20


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Stopped out of 5 chart picks this morning. Worst loss was 2.6%. There were 2 gains with average of +4% and 3 losers avg loss 2%. So slightly better than even overall. Remaining picks are solidly green, both longs and shorts.  Including stopouts the list overall has avg gain of 5.3% (100% cash basis) and 15 calendar day average holding period. 

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Now we just have to wait of McConnell to declare a stimulus package is back on the table. Everyone seems to have missed that Trump swung back  to support late last week. That was sort of walked back by Chief of Staff Meadows but he will go where the boss says to go. Trump nixed the earlier stimulus bills because it had extra money for the PO. 

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1 hour ago, potatohead said:

U.S. HOUSE OF REPRESENTATIVES DEMOCRATS FILE LEGISLATION TO FUND THE U.S. GOVERNMENT THROUGH DECEMBER 11 AND AVOID POSSIBLE SHUTDOWN AT END OF SEPTEMBER

 

Could the $1.6 Trillion in cash the Treasury is holding have been for the so-called government shutdown in October?

No. They couldn't spend it. Problem now I think is that they need appropriation bill to spend the money. But they could use it to pay down debt. 

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