16 replies to this topic

[K Wave]

Once we bottom out this AM, I would not be surprised to see a big bounce up to back test the massive battle ground area of the previous 4 days.

 

I do not expect the bulls will be able to reclaim that zone on the bounce. So if it comes, would likely be a good place to try a short.

[dTraderB]

 Helene Meisler

 

@hmeisler

 

This week's Investors Intelligence bulls barely budged. Now 31.4% Bears backed off though to 36.3%

[dTraderB]

SPX 1800

 

 

Lance Roberts

 

@LanceRoberts

·

1h

 

"If the downturn mirrors past recessions, the S&P 500's earnings could fall as much as 23% before recovering, according to Societe Generale. After accounting for the low-interest rate environment, analysts see the benchmark bottoming at 1,800." https://markets.businessinsider.com/news/stocks/stock-market-outlook-sp500-upward-limit-coronavirus-risks-societe-generale-2020-3-1029037184

Lance Roberts

 

@LanceRoberts

·

1h

 

"If the downturn mirrors past recessions, the S&P 500's earnings could fall as much as 23% before recovering, according to Societe Generale. After accounting for the low-interest rate environment, analysts see the benchmark bottoming at 1,800." https://markets.businessinsider.com/news/stocks/stock-market-outlook-sp500-upward-limit-coronavirus-risks-societe-generale-2020-3-1029037184

[dTraderB]

Lance Roberts

 

@LanceRoberts

·

1h

 

Last week #JoblessClaims hit 3.3 Million and the market had its strongest #day in history. I wouldn't expect a repeat this week. #InitialClams to hit 4-4.5 million this week. Last week's data will shift to #ContinuedClaims.

[dTraderB]

VOO and XLF still too high ... not buying at these levesl

 

Ditto for QQQ calls. 

[dTraderB]

Will  *consider* buying APPL below $150

 

 

 

@DougKass

 

Memo to guy on

@cnbc

from Bankamerica research. Who is going to buy $AAPL $1100 iphones over the next 6-9 months? Wont the replacement cycle be elongated for some time to come as consumers make due with older models?

11:20 AM · Apr 1, 2020·TweetDeck

 

[dTraderB]

Small initial LONG: bought 200 voo to start this new LT PORTFOLIO position

 

May buy more voo and start XLF long position if SPX gets to 2390 today