So overbought though. I love the term “liquidity comfort blanket”. https://www.investing.com/news/stoc...ngs-lost-in-liquidity-comfort-blanket-2154399
Just waitin on a confirmed brake out on higher volume to get in. Plenty of room on the RSI to roll...We shall see said the blind man
dont know if its correlated or coincidence, but after the gilead news this morning, Nordic american tankers(nat) tanked(no pun intended lol). i got in nat on that dip, i couldnt get 6, i got like 6.25.
I bought EAT end of day yesterday. It was up 43% on what I paid by 11am this morning! Should I have just sold right away? Now it's still up 36%, but I feel like I missed the peak. I'm too new at this to get timing. Can't decide whether to wait for a late day surge or just sell.
Thanks! Plan was sell when it's up 50% but that was a 4-6 month plan. It went up 43% in a day. That threw me.
So gilead did a 180reversal from last week on their drug. It sounds like trump is pushing pr firms to post positive news even if it isn’t really positive. I mean their drug has a higher death rate when used than placebo and they were cherry picking the patients for the report. People that most likely would have recovered anyway statistically without the drug.
Now the NASDAQ is down less than 1% YTD With the FED going all in for QE, it seems like the market revisiting the March lows is pretty unlikely now
Powell says the economy will likely need more support from the Fed for the recovery to be ‘robust’ https://www.cnbc.com/2020/04/29/pow...om-the-fed-for-the-recovery-to-be-robust.html More support from the FED probably is what the market wants to hear
Those beaten up airlines, hotel, and casino stocks etc having a great day here Healthcare seems to be lagging, healthcare has been the safe haven during this pandemic
Just took a look, XLV actually up well over 1%, but a lot of healthcare stocks on my watchlist or I am owning some shares are down
Update: I held out and sold at 40%. Can't believe my first stock sale I've ever made is buy Chilis and sell it 24hours late for 40% profit. I assume it's all downhill from there?
What just boggles my mind is that for 20 years the government has had zero dollars for social concepts like education, student loans, environmental tech, etc.. yet in 3 weeks they printed trillions to help keep business from going bust. Nobody even bats an eye at it too.
