looks like we'll get another top 5 all time daily +/- handle move in the DJ30 on a closing basis today
Haha it is another wild week on Wall Street, let's see if we will see big swings again for Thursday and Friday
at the inflection point again lol. will we continue to the 61.8? which is 3188 i think, or rollover? will be interesting to see how we finish the week.
Wonder if there's some sector churn going on with the Naz cause a lot of tech symbols are still beat to hell... [Edit: although I see some of the biggest index weights like AAPL and MSFT are in the green for the year. Sigh...]
wow i wonder what happened to SPCE today, glad i stopped playing that. LK has been my love lately, it held up pretty well last week and i like how the moving averages are stacked, this thing could rocket, depending on the market.
I'm out clean... 6% gain on my account ytd... not bad for just over 2 months.... between the election year and the virus wreaking havoc on supply chains, I'm pretty cozy on the sideline for now
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hmm, confusing day, if you just look at the indexes, you would think the day is worst than it actually is...but then i look at the stocks im watching...and they are holding up well, then i look at the vix, and it is up big, lol, wtf is going on. we are trading inside yesterday's range, which traded within the day before's range, very interesting.
ok, i need LK to chill out. i sold $44 strike calls against my position, lets not hit 44 plz lol. GBTC up big today, ive been holding that for a week now.
Yeah, agreed. Still too early to call whether this bounce from last week's lows is gonna stick. On the SPX weekly, there's certainly a case to be made that there's more bear to come, given we never reached oversold territory or hit the 200 MA. Nonetheless, even if we drop that far, the overall decade-long bull market would technically be intact.
Notice also in the chart above that it took nearly 3 months from SPX at the ATH in Sept 2018 to drop to the 200 MA. We could be very early in this (hopefully for Bulls) reset of the Bull market.
Washington County just advised everyone (2 MM people) to work from home. They told 60+ to stay indoors. That is big. Anyone see the makings of a bear flag on the index dailies? Hmmmmmmmmm.
