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Why not just short one futures contract if you believe the move is down? There is no how is this correlated like TVIX... 1 point equals $5 dollars on YM (which is the DJIA).
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Are you joining the "we've seen the floor" camp and seeing a bullish shift?
I'm guessing the inverse H&S is left shoulder on 3/12/2020, head on 3/23 and right shoulder on 4/1/2020.
All this technical analysis talk is making me wonder who owns Head & Shoulders? Free advertising here.
Maybe. He had some gold posts. However, the S&p does have an inverse H&S going on if I am correct
The Saudi’s just bought 9% of Carnival. It started up today but went bonkers after this news was announced. They got the $$ to do a complete buyout if they wanted the whole company.
Only difference is that the past ones didn't wreck the economy. In fact nothing has wrecked the economy like this has. Sooo.........Buy BUy BUY!!!!!!!
Our government at work here. Sure.....give forbearance to anyone......you don’t need to prove you lost your job.
The joke is on investors when the crown prince turns their fleet of ships into his unicorn stables.
But why would somebody do this if they didn’t lose your job? You still have to pay it back. Now if they said yea you can take 3 months off and re-start in July, people are going to jump on.
We are likely to move back in to the LT channel after today (assuming no end of day sell off). On the LT trend I would consider it neutral. Leaning heavily towards bearish. I've said many times over the years that the LT trend would (should) take a number of months to flip trend. There was heavy damage done last month. In addition, the natural reaction early in a trend flip would be a move back towards the highs (or what is now considered resistance (back in Feb these levels were support). It is very common to see massive bull moves within a bear market too. A move towards $SPY $278ish would be very natural. What happens when we get there? If you are asking me, the person, This is my speculation nothing more, except relating to how trends and markets work.
Because they can. People will try to take advantage of anything when it comes to money when they can. So they know they will just attach the payments on the back end....but hey...I have an additional (insert amount here) a month for the next 6 months....yaaay.
I thought you had to pay it back after the period though? So you’d have to pay your April payment in August or whatever. They’re just adding them to the backend of your note?
You sure the interest is not still accruing? For work our personal banker emailed me and said we did have to pay our loans for 3 months. I asked her if the juice was still running during that time and she said yes.
don't forget the half stick of butter they put on top of that steak
Correct. No way you can ask people for a lump sum like that! They are supposedly unemployed! This is why this payment forbearance was not thought out properly.
Wow. I didn’t know that. My nephew lost his side job but kept his main one and they gave him 3 months relief. I was wondering why he even bothered.
Patience. I only have 33% in right now riding this wave back up. This is not over. Major short covering. When we get high enough, they will come back and short it back down.
From a fundamental standpoint what would be some good entry points for SPY / QQQ?
You do have to pay it all back in month four. If you can’t, they will open up discussions about various options. The servicers can’t afford to float the whole country 3 months in payments. It already takes them close to 3 years of you making your payments until they are in the green
So for a guy not in the charts, where do you think we get up to? I’m trying to figure out if I should see a bit right not to get my cash level up more or wait a few more days. I don’t plan on going 100% cash as I have some stocks that have done well the past month but some I wouldn’t mind selling and buying back at levels around 3/16 to 3/23 or below.
The biggest issue with measuring fundamentals right now is that we really don't know where companies are. We have no clue what the E in P/E is... Once we figure that out, then we can start figuring out fundamental entrances.
Weird times. That was either the quickest time to investor indifference or I'm hanging with a lot of smart people. I don't know many people, here included, jumping back in with both feet and almost everyone seems to say we need to retest the lows.
