We got a wedge formed on the Dow futures 15 min chart lookin for a big move soon. Market trying to find direction between support and resistance.
wow and just like that im positive in AMD and MSFT....what is this dumb market lol. now we have been in a wedge for a few days now, i wonder which way we will break....
Well yeah looks like we are going to the moon tomorrow, at least for now The massive liquidity provided by the FED will continue to allow us to celebrate on good news and ignore most of the bad news it seems like
Well should be a good day for me tomorrow, I have GILD and MRNA as my coronavirus plays and both of them up pretty nicely AH
Might be a little late to find those kind of companies after the recent market rally, COST, WMT, AMZN and NFLX, etc, are all trading at ATHs since they have benefited from the virus I am eyeing the homebuilders like DHI, LEN, and PHM, etc. as a turnaround play since they are down a lot from their highs
Yep. we were in a normally Bearish ascending wedge since 1800, but then today the Dow futures formed a an almost concentric neutral type wedge and bullish cup after the break above the wedge. Then it broke out big time to the up side after the bell and then of course you can see the gap up when the futures reopened. Amazing what helicopter money can do!
2877 looking like some resistance on /ES. If it stays below this I might pick up a short over the weekend. Oil printing 18.55 this morning - looking like fresh 52 week low. Can't wait to see .99 cent gas again - I remember when I first started driving around 2002 filling up for under a buck and we're right back to those lows again!
SPG is up, huh? That's odd--I think shopping malls are dying even BEFORE this pandemic. I wonder what's up with Simon.
$17.49 WTI just filled up for $2.02/gal diesel and 87 is $1.35/gal. Gas stations making a killing right now
Oil production cut deal wasn't enough to avert over-supply/shrinking storage capacity crisis apparently...
