I think the next test is how the State openings go.
If the death rates start spiking the market will sell off again. That part is pretty clear in my little brain.
If there is a negligible amount of new deaths the buoyancy will continue. I think.
The airlines and cruise lines are reacting positively to the reopenings. Also dental stocks. Check this little baby out - SDC. Also Simon Properties (SPG), although I think the commercial realtors are gonna get killed over the next few years.
The stocks who benefited from stay at home like ZM , TDOC, DOCU started pulling back today.
Those are off the top of my head. There are many in both categories.
You guys have any others that fit these categories? There are many.
If the death rates start spiking the market will sell off again. That part is pretty clear in my little brain.
If there is a negligible amount of new deaths the buoyancy will continue. I think.
The airlines and cruise lines are reacting positively to the reopenings. Also dental stocks. Check this little baby out - SDC. Also Simon Properties (SPG), although I think the commercial realtors are gonna get killed over the next few years.
The stocks who benefited from stay at home like ZM , TDOC, DOCU started pulling back today.
Those are off the top of my head. There are many in both categories.
You guys have any others that fit these categories? There are many.
Greetings, I have no experience in this but I am thinking I would like to put say $10 or $20k in an account and try to make some small investments. My thinking is that now would be a good time.
What would be a good website or application to try this? Easy to use and make deposits and withdraws etc.
Thanks in advance.
What would be a good website or application to try this? Easy to use and make deposits and withdraws etc.
Thanks in advance.
Agree...but there's been no need to fight free money right now as far as I can tell.
This was on the heels where I posted a couple of weeks ago about the record number of shorts (including retail) in the markets...getting steamrolled.
I almost think the market is priced out to end of 2021 at this point. There will be some dips, but 2020 is pretty much not relevant.
I gave up fighting the Fed long time ago... but this is a whole new world. The Fed is socializing entire the debt market. Debt rating/credit score is a useless metric regardless you're a responsible borrower or not. It's a one size fit ALL going forward.
The USA is officially going Banana Republic.
The USA is officially going Banana Republic.
Sell in May...they say...
Since August of 1982 the Dow Jones industrial average has only closed below it’s 40 MONTH moving average TWO TIMES. Closing the month below its 40 month moving average once in 2001 and again in 2008, it proceeded both times to eventually rally back up to the 40 MONTH and fail. In 2001 it dropped an additional 32.5% over eight months and in 2008 it dropped an additional 44.4% over eight months from the failure at the 40 month average.
Today, April 30, 2020 The Dow Jones industrial average closed for the month below the 40 month average after rallying back to that point following its close well below that average in March, 2020.
The same thing happened in 1930 and again in 1937 during the great depression. The 1930 failure to regain the 40 month average was followed by an additional drop of 83% over the following 23 months. The 1937 failure to recapture the 40 month average was followed by a 41% drop over 42 months.
Since August of 1982 the Dow Jones industrial average has only closed below it’s 40 MONTH moving average TWO TIMES. Closing the month below its 40 month moving average once in 2001 and again in 2008, it proceeded both times to eventually rally back up to the 40 MONTH and fail. In 2001 it dropped an additional 32.5% over eight months and in 2008 it dropped an additional 44.4% over eight months from the failure at the 40 month average.
Today, April 30, 2020 The Dow Jones industrial average closed for the month below the 40 month average after rallying back to that point following its close well below that average in March, 2020.
The same thing happened in 1930 and again in 1937 during the great depression. The 1930 failure to regain the 40 month average was followed by an additional drop of 83% over the following 23 months. The 1937 failure to recapture the 40 month average was followed by a 41% drop over 42 months.
Lots of traders are relying on Fibonacci. You can see overwhelming FOMO in about every stock charts in the last two weeks.
One exception, WFC 1-month chart looks like a middle finger sticking out and the downtrend resumes. The company suspended HELOC effective today. 1Q result was dismal but we probably won't see the extended damages from the coronavirus until 2Q/3Q.
On bailout front, Pelosi/Trump is in the process of cooking a relief # 4 package, possibly in the range of $2T once finalized. The package would include state/local bailouts, more funding to hospitals, another round of direct cash to American and a huge infrastructure project. They got the blessing of Jay Powell. He is ready to finance anything the government willing to spend.
