ES is at around 3250. So, I guess that is a positive sign of what might happen tomorrow. It doesn't look like there's actual pressure anymore for a further collapse. Of course, it's ES and only 4 hours after the market closed today
Ok. The SPX collapsed non-above 3200. I added in. Long. We're in a solid buy zone [by that, I mean that in time, this shall be solidly profitable, if a person buys here]
We could be over SPX 3400 right now. And it continues to go up. But, that's not as enticing an entry. But, if we reverse that, we are at SPX 3184 right now.
Well the sell off continues I am doing a little bit of buying again, but I am ready for more sell off to come. You still can’t say the market is really cheap at the current level and it is almost certain that the Q1 economy will be lousy in most parts of the world and a strong Q2 recovery is a big if when the virus now seems to spread outside of China
^^ 100% agreed i feel like when/if we do eventually start to hear better news on the covid-19 front, and that day will come, hopefully sooner rather than later, it could be a pretty nice V-shaped recovery for the market/econ. data/sentiment/etc. for now however, unfortunately we continue to hear about new cases spiking globally
could be getting just a bit stretched on the downside here imo ... this seems a bit overdone on the very short-term me thinks ... which could be setting up for a decent cat bounce. still does not feel panicky here, and very orderly (for now). we'll see if that changes
Haha I was about to say this before I see this message Triple digits losses for both the SPX and the NASDAQ for 2 days in a row too is on the paper
whelp, according to bespoke, the spx hasn't had back-to-back declines of more than -3% since going all the way back november of 2008 during the GFC
There are some stocks such as ZM, TDOC, GILD and MRNA, etc. are outperforming since they are coronavirus stocks, but I guess they will underperform a little bit if the overall market begins to bounce
i haven't needed to use this in a super long while, but figured i could start posting up those pullback levels for the indices for you guys this selloff has been pretty fast and furious, and we could be hitting official correction levels (-10%) pretty soon
Seeing it so close to the 10% correction level, I begin to think we might see a 10% correction first before any meaningful bounce
