Coronavirus Stock Market buy off.

[Ricboff]

for short term trading u load probaility on your side when u buy on a bullish candle and reclaiming the 8 ema (more confluence the better, such as a bounce off a support level, reclaiming the 200 sam...etc)

once the VIX lost its 8 ema, something finally chanegd short term

yesterday as noted ; the qqq's have formed a pretty good base, clear swing low in form for the short term and reclaimed its 8 ema. GREAT market breadth today , as snoop pointing out its a sea of green. The short term outlook technically is not bearish ( crazy news can spook the market of course)


........

continuation today, very strong bounce.

a realized gain is different than a paper gain. NO WAY should anyone not have a raised stop here.

 

[PatsFan1283]

Boeing ripping today. Gotta admire their cynicism about stupidity of the American people and US gov't that they refused an equity stake in the company and said give us our bailout with no/less strings attached. Kinda detestable but I'd probably do it too.

 

[Bruins4Life]

With nobody buying those 737s this year, how do you see the stock performing?

 

[Ricboff]

another forum;


[h=1]members of staff angry i am not paying them[/h]


only day 9


civil unrest over/under?

 

[Ricboff]

there's talk about a 'rent freeze', goign viral apparently .....tenants just wont pay rent


i got a hunch work stoppage extensions is goign to make this picture significantly worse.

 

[Ricboff]

https://finance.yahoo.com/news/u-weekly-jobless-claims-surge-123942951.html

[h=1]U.S. weekly jobless claims surge to a record 3.28 million as coronavirus spurs mass layoffs[/h]


economy committing suicide

 

[Ricboff]

for those looking for intra-day fun;

SPY is ABOVE the 8 ema. (a close below not good).

levels:

2493- above this, could easily ride to yesterdays high 2559

2390- a below is simply not good


vix remains at insane levels, so careful all

 

[snoop]

They're still battling bear market, violent bear move normally occur on Fri/Mon.

 

[PatsFan1283]

Tough to tell how much effect this has but the bid from rebalancing pension plans going to create a lot of buying until the end of March. They have mandates to maintain 60/40, 50/50 mixes. Just never months like this for the rebalance to be this big.

 

[NorthernStar]

Tough to tell how much effect this has but the bid from rebalancing pension plans going to create a lot of buying until the end of March. They have mandates to maintain 60/40, 50/50 mixes. Just never months like this for the rebalance to be this big.

This

 

[Ricboff]

2640 on the ES is the next target for the upside before resistance, may see that in overnght trading.


or even before the close, lol

 

[PatsFan1283]

Fed balance sheet now up 40% since the repo market stuff started in September. With 2/3rds of that coming in the last month or so.

Guess we're finally going to get to find out if money grows on trees.

 

[Ricboff]

kinda puts the '2011 debt-ceiling crisis' in perspective.

UE under 4%, and a trillion dollar deficit.....and now this happens, anyway, monopoly money....,............. the fiscal conservatives were neutered a long time ago


if Gold doesnt expode in the next 12 mths, it likely never will. Just to be traded and not an 'investment'

 

[TheFalls]

kinda puts the '2011 debt-ceiling crisis' in perspective.

UE under 4%, and a trillion dollar deficit.....and now this happens, anyway, monopoly money....,............. the fiscal conservatives were neutered a long time ago


if Gold doesnt expode in the next 12 mths, it likely never will. Just to be traded and not an 'investment'

Ya I’ve got plenty of physical gold from our threads around here via 2006...but a tad more in a couple etfs.
These+SLV+SCHP have held up through both sides of this whiplash

 

[ZJP6050]

crazy market. i'm an options trader, the volatility has been fantastic. today was all choppy, lot of stocks not moving much one way or the other. wouldn't touch a swing trade right now.

 

[TheFalls]

crazy market. i'm an options trader, the volatility has been fantastic. today was all choppy, lot of stocks not moving much one way or the other. wouldn't touch a swing trade right now.

what are you trading? Prop desk? Heard nothing but ridiculous spreads for weeks now...

So my firm’s, long/write call fund is showing huge dispersion from the base long equity fund.

 

[TheFalls]

And check out the trickle down from Ronin. There will be more.
$250MM hit to the clearinghouse is Not good for business.
https://www.reuters.com/article/us-abn-amro-results-coronavirus-idUSKBN21D1NE

And somebody always wins. Probably picked up their positions for nickels.

 

[Ricboff]

goign to ne a CRACKER of a day...sink or swim

overnight ES daily candle retraced about 50% of the body of yesterday's holding, not bad...well above its 8 ema

oil may want to test the bottom it formed ..gotta hold ($19.75ish)


forums getting a bit more chaotic....hmm........national guard propping up everywhere?

 

[PatsFan1283]

jeez I had to scroll down to find this thing, you weren't kidding message boards heating up

https://www.cnbc.com/2020/03/27/cor...mes-after-gop-rep-hints-hell-oppose-bill.html

Lol good for Massie for calling the bill what it is, a corporate slush fund. Tough hill to die on since it is going to pass either way but a little pushback on uniparty big govt can only be viewed positively IMO.

 

[Ricboff]

folks pressing the sell button en masse during the last 10 min of trading........, gettin' out of dodge..............................

SPY

3 mth daily

(8 ema)

UUP (USD)

3 mth daily

SPY

2 yr weekly