Tuesday, 21 April 2020
Monday, 20 April 2020
Thursday, 16 April 2020
Spying the SPY
This is a bearish formation, but if we don't break down and go sideways for a while, then it's possible we can go higher from here.
Saturday, 11 April 2020
Friday, 10 April 2020
“For all those against reopening the country until things are perfectly safe please educate yourself on what happened in the Great Depression. I have, you will be surprised at the death and destruction that came about, much greater than Covid 19 damage could be. Disease, starvation, suicide, family destruction, abuse, drug addiction and lost dreams. The mental depression and lost souls were staggering.”
Tuesday, 7 April 2020
Dow rallied 25% of the lows.
In 1929 the market rallied 50% before resuming downward in a secular bear market.
, but
"If past history was all there was to the game, the richest people would be librarians."
Monday, 6 April 2020
"The wise trader and investor assimilates the data then acts accordingly. It is a real-time approach. Predictions are subject to great error. Those who stake their reputations on predictions often find themselves psychologically wedded to such predictions. Therefore should one make a prediction, one should always be ready to change their view on a dime. Price dictates such actions. If your stop is hit, you might be wrong. Move onto the next opportunity or circle back if a second or multiple entry points arise while the risk/reward remains favorable. The trade of a lifetime often comes every few weeks, especially near market lows. Stay nimble and open to all possibilities. "
Sunday, 5 April 2020
Friday, 3 April 2020
Watch Thomson Reuters Equally Weighted Commodities Index for clues.
Thomson Reuters Equally Weighted Commodities Index, will go miles towards telling us if we are headed towards very tough times or if the huge declines of late are actually in a bottoming process.
The index tracks a basket of 17 commodities, including cocoa, coffee, copper, corn, soybeans, cotton, crude oil, gold, heating oil, lean hogs, live cattle, natural gas, platinum, silver, soybean oil, sugar and wheat.
The index tracks a basket of 17 commodities, including cocoa, coffee, copper, corn, soybeans, cotton, crude oil, gold, heating oil, lean hogs, live cattle, natural gas, platinum, silver, soybean oil, sugar and wheat.
The index has been headed south over the last nine years, reflecting general weakness in commodities. In 2009, a then-29-year-old support level held, indicating that the worst of the financial crisis was priced in.
It’s testing that level again now.If the index holds at 2009 support, it would suggest that lows are in play and the worst has already been priced into the markets. If the index breaks this 40-year support/resistance level, it would suggest that some really tough times are ahead.
It’s testing that level again now.If the index holds at 2009 support, it would suggest that lows are in play and the worst has already been priced into the markets. If the index breaks this 40-year support/resistance level, it would suggest that some really tough times are ahead.
Wednesday, 1 April 2020
Sunday, 29 March 2020
In summary, cash or a "core" bearish position should still be held, but these short-term counter-trend buy signals can also be traded.
"A number of funds have a 60/40 stock/bond allocation rule. Since their stocks got hammered, the 60% has shrunk so these funds will have to buy stock to keep up with their 60/40 allocation, so we could see yet another up day in the major averages before the end of the quarter which would further improve the odds for a short-sale position succeeding, though in this time of crisis, some analysts have said this rule may be lifted."
Thursday, 26 March 2020
Sunday, 22 March 2020
Remember to check up by phone on elderly or vulnerable family, friends and neighbors who may need our help.
“To be clear, language like ‘Chinese virus’ is racist...”
Is it ?
“Put away the race card and get with the last century of naming viruses and flus after their point of origin: West Nile Virus, Zika Virus, Ebola Virus, German Measles, Spanish Flu, Marburg Virus, Rocky Mountain Spotted Fever, Norovirus, Stockholm Syndrome, Lyme Disease”
Is it ?
“Put away the race card and get with the last century of naming viruses and flus after their point of origin: West Nile Virus, Zika Virus, Ebola Virus, German Measles, Spanish Flu, Marburg Virus, Rocky Mountain Spotted Fever, Norovirus, Stockholm Syndrome, Lyme Disease”
Saturday, 21 March 2020
Sunday, 15 March 2020
Saturday, 14 March 2020
"The main obstacle lies in disentangling ourselves from our own emotions."
'The major trend is down. Oversold conditions are at record levels, though, and so a considerable rally could unfold. But I would expect a retest of the lows after that rally fades. The bulls are used to "V" bottoms for the last 7 or 8 years, but that may be changing finally. Wait for confirmed sell signals, and even then don't chase rallies.'
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