6 replies to this topic

[blustar]

My subs went long today expecting a good sized rally into Friday.  Yesterday saw a trin reading of .57 on a 12% down day and a five day trin of .79! No panic selling yet.  Could go to 2855/67 area on bounce.  Panic or C wave yet to come.  Looking for Mar 31 +/-.

[redfoliage2]

Maybe.  But all have to say is that anything is possible in the market: from SPX 1810 to SPX new highs ........................

Edited by redfoliage2, 17 March 2020 - 03:23 PM.

[pdx5]

Maybe.  But all have to say is that anything is possible in the market: from SPX 1810 to SPX new highs ........................

That is what I think. It is impossible to predict with any certainty what the economy will look like in fall.

I am buying for LT hold in small installments on panic selling days. The 2020 election will be a doozy.

[Darris]

$BPSPX was interesting today with a close above 15 after printing 1.4 last Thursday.  Eerily similar to the values printed during crash week Oct 2008 and then the large bounce the following week.  SPX prices did not follow the BP indication and never closed materially higher until August 2009.  Equivalent price match would be near SPX 1700 or 50% drop from 3400.  VIX printing similar highs as in Oct/Nov 2008 and then slowly drifted back down, and around 50 when we bottomed in March 2009.  David Larew's recession chart seems confirmed so far.  Going to have to keep an eye on those liquidity metrics.

 

https://stockcharts....25387&listNum=1

[blustar]

I have a J/S and 4 TD low due today and a possible top March 20-23.

[gismeu]

So why did you let your subs go long yesterday?

gis

[cycletimer]

 

Maybe.  But all have to say is that anything is possible in the market: from SPX 1810 to SPX new highs ........................

That is what I think. It is impossible to predict with any certainty what the economy will look like in fall.

I am buying for LT hold in small installments on panic selling days. The 2020 election will be a doozy.

 

I like how you think and I like that you’re nibbling at Longs.  Take a look at some preferred stocks that are down for par 25.00:  to between 12.00-17.00.  Or buy some PFF. Preferreds are higher in order that common stocks in paying dividends.  Most of the div’s are safe and you can buy bargain priced preferreds and collect dividend PLUS rallies all the way back to par once all this crap is over with.