Rod's Account Talk

The futures aren't reacting to the 2nd death yet. Trading well above those numbers...

2nd COVID-19 death reported in WA state. At the time, the futures were:

Dow: +135.5

S&P: +9.62

Naz: +30.50

We'll see where they go from here.
 
1st case reported in Manhattan

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Yeah... I saw that too. I believe as the numbers quickly begin to multiply, they will stop reporting each and every case because they won't be able to keep up with them.
 
One other headline that Mr. Market will likely react negatively to is when the W.H.O. classifies this as a "Global Pandemic." Just wonder when that will be.

Although we can't time it, whoever is in the market at the time that a vaccine is announced will be rewarded nicely!
 
Woo Hoo!!! :banana::banana:

Here's your last 5 minutes of trading...

@ The 5-minute mark:

Dow: 26,651.24 / +1,241.88 / +4.88%

S&P: 3,084.76 / +130.54 / +4.41%

Naz: 8,925.82 / +358.4565 / 4.18%


@ The Close:

Dow: 26,703.32 / +1,293.96 / +5.09%

S&P: 3,090.23 / +136.01 / +4.60%

Naz: 8,952.16 / +384.7987 / 4.49%

As you can see, the trading range was nice-n-tight. Hopefully that's a good sign for tomorrow! :fing02:
 
Not going to Swing Trade, wouldn't be prudent:laugh:

Not a swinger here. Tried and failed. Going to play on the margins - as best I can with two crappy trades/month...
 
I've got only 1.33% left to recoup of my "losses." That will either increase or decrease @ the closing bell. It's too early to tell. But, because today isn't shaping up to be a continuation of yesterday's rally, I think I will just attempt to recoup that 1.33% (or whatever it will be by COB) while sitting in (F). Therefore, effective COB:

100 (F)

Be careful out there! So many uncertainties remain! Expect those lows to be retested!

God Bless :smile:
 
Although below 1%, the 10-YR is now higher than the 3-Month... for now.

0.954 vs. 0.927

Haven't seen that in a long time.
 
Now that I am 100 (F), I will not IFT to (C) and/or (S) for quite some time. I plan to shelter-in-place in (F) or (G) until at least the lows are retested and Q1 results. Mr. Market may not even begin to stabilize until after Q2 results. In the meantime, I do not plan on making a FOMO IFT mistake! It might be wise to simply utilize the 3 to 5 day confirmation rule. And that is, don't always trust a breakdown or breakout until you see 3 to 5 closes below support or above resistance.

Be careful out there!

God Bless :smile:

I've got only 1.33% left to recoup of my "losses." That will either increase or decrease @ the closing bell. It's too early to tell. But, because today isn't shaping up to be a continuation of yesterday's rally, I think I will just attempt to recoup that 1.33% (or whatever it will be by COB) while sitting in (F). Therefore, effective COB:

100 (F)

Be careful out there! So many uncertainties remain! Expect those lows to be retested!

God Bless :smile:
 
And some folks might feel that today if the futures hold and we get a post-Super Tuesday bounce by COB. Because of the extreme volatility, it's hard to say what will happen today. At any rate, it'll likely be COVID-19 business as usual come tomorrow. Be careful out there.

Fear Of Missing Out


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