Agreed! I just think we are all in uncharted waters on this one. Clearly we didn’t need to shut down the economy over the 19th Coronavirus! So more and more it appears this is a staged event. Couldn’t just expand the Government by 6 Trillion out of the blue without losing your elected seat. The treasury could have cancelled all income taxes for the rest of the year for every person and it would have only cost 2.6 Trillion! I bet everyone would have risked the flu at a chance to work tax free for the rest of the year! Got to think outside the box going forward to skin this Bull. This is not your Father’s typical Crash/Recovery experience. It’s been blueprinted from the beginning. I’m not talking conspiracy I’m just observing the obvious.

I can see and totally trust Randy’s analysis but sometimes certain fundamentals have a heavier weight then usually … Powell screwed me in October 2018 and I guess I just didn’t learn my lesson :-( …. there will be a day when the Bears claw back … but not this day! May not see a real test until after the election … we’ll see.

Ja, but when it comes to shorting, one must be careful of death by a thousand cuts.

Same here. I can’t see any chance of shorting this market, when stocks are rising on banks reporting massive losses on earnings, and predicting huge defaults on loans. This is just insane market action. I suppose if corona virus morphs into the rage virus ( 28 Days Later ), perhaps the market will go bearish.

I have a feeling this could turn on a dime when the short squeeze fuel burns out. I see JPM and WFC already turned red when they were up pre market.

small trading ranges for last couple days is sideways imo compared to last few weeks

Went neutral to stop the bleeding. I sat all last week thinking nothing goes up forever … I guess except when there’s a 6Trillion dollar locomotive pulling everything up hill.

Now, yes. The S&P has hit 283, which was my short stop. I’m out on shorts, but I’m certainly not going long. Going to sit on the side, for awhile.

30% up is not quite sideways.

Great call! I think you’re using TD sequential aren’t you?
https://www.tradingview.com/x/cCffynO3/