14 replies to this topic

[gannman]

the qqq's over the next year will trade to a least 290 

 

all fwiw 

Edited by gannman, 07 May 2020 - 10:49 AM.

[K Wave]

I think this leg will likely stall out near May expiration now.

 

Then we could see a couple of months of sideways to down action, and then off to the races upside.

[linrom1]

Who is going to buy going into elections, unfathomable earnings and second wave of Covid?

[gannman]

my question is who has been buying into this some one has 

[pdx5]

Who is going to buy going into elections, unfathomable earnings and second wave of Covid?

Who will buy? All those crazy funnymentals followers who look at all these factors, and are drooling for the next economic explosion:

Low inflation, FED pulling out all stops, very low interest rates, LOW REGULATIONS on small businesses, improved foreign trade deals,

business friendly admin, foreign wars avoiding admin, low taxes with more tax cuts coming, etc etc.

[K Wave]

NDX is so obviously not in a bear market...

 

If we do make it to 9400 on this leg, the decline following will likely not exceed a back test of the STILL rising 200 day MA.

 

From there, it should launch to new all time highs...

 

Also a possibility NDX goes directly to new highs and makes a high flag before continuing on up.

[trioderob]

 

Who is going to buy going into elections, unfathomable earnings and second wave of Covid?

Who will buy? All those crazy funnymentals followers who look at all these factors, and are drooling for the next economic explosion:

Low inflation, FED pulling out all stops, very low interest rates, LOW REGULATIONS on small businesses, improved foreign trade deals,

business friendly admin, foreign wars avoiding admin, low taxes with more tax cuts coming, etc etc.

 

 

what about the flip side

 

1) new regulations at work such as distancing requirements, masks, extra sick time, testing costs, factory layout changes etc 

 

2) new regulations such as special planning for employees over 60  or with heath issues 

 

3) new regulations for how many customers can enter store at one time

 

4) new regulations with respect to school hours, childcare, daycare  and school 

 

5) new regulations on movie theaters , sport events , musicals , concerts, park events etc...

 

6) new regulations are travel , cruises ,  permitted visa which could restrict travel for  Americans  abroad

 

7) new regulations on immigration   

 

8) new regulations on tourism and who can enter the US 

 

by the time this over we could have the most regulated administration of all time       

[linrom1]

 

Who is going to buy going into elections, unfathomable earnings and second wave of Covid?

Who will buy? All those crazy funnymentals followers who look at all these factors, and are drooling for the next economic explosion:

Low inflation, FED pulling out all stops, very low interest rates, LOW REGULATIONS on small businesses, improved foreign trade deals,

business friendly admin, foreign wars avoiding admin, low taxes with more tax cuts coming, etc etc.

 

LOL, ok

Edited by linrom1, 07 May 2020 - 01:10 PM.

[CLK]

Nobody is buying these gap ups, they know the next day or two will be down,

institutions are just distributing all day from the open to mostly retail.

At some point the gaps will stop filling and on to new highs, but right now with the Fed pulling back,

they are just selling over and over.

 

https://invst.ly/qpw2-

Edited by CLK, 07 May 2020 - 03:11 PM.

[Darris]

Yes, the NDX will be hitting 11,000 when the SPX hits new highs at 3400.  Pay is going to be better in tech for a while.  No airlines, cruise liners, auto, insurance to hold them back, LOL