Yes, he sure is.
https://www.youtube.com/watch?v=7_faz0I0REE
"Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7
I think you will enjoy this "presentation" of the COVID-19 Oil Crash:
https://www.visualcapitalist.com/sub...rash-covid-19/
"Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7
Extremely informative and great layout. Other articles of interest below as well. Thanks Rod. Now off to see what Pivot Point Trader has to say about all this insanity.
Last edited by Rod; 04-22-2020 at 04:14 PM. Reason: Member Request: Spelling
Latest from PPT...
https://www.youtube.com/watch?v=JS-m...em-uploademail
"Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7
Will today become Day 3?
Mr. Market's emotional resiliency is... well, emotional. Emotional at best. If I'm being honest, it makes me quite nervous to even contemplate an IFT in the midst of this impetuous market. With that said, will today become the third day in a row where the S&P 500 closes above its 50-EMA? That is currently @ 2812.09. As I wrote in an earlier post concerning the 3-5 day confirmation rule, the earliest I would initiate an IFT in this environment would be on the fifth day. Furthermore, it would need to be on increasing strength/volume, and not on a trend of declining weakness/volume. Because today might become Day 3, now is the time to discern any decline in weakness/volume.
BTW, I believe the month of May will become even more emotional as states begin to reopen and then deal with the inevitable spike in COVID-19 cases. Just wait until that makes the headlines. But, we're likely a few weeks away from that. In the meantime, be careful and remain patient!
God Bless
"Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7
Rod I appreciate the take on where we are. I actually noticed we would have day 3 potentially today. So as we push into the 11-11:30am timeframe should we be looking for that volume strength/weakness to determine a potential IFT? I agree I am nervous about that move as well but I'm looking at it today. Been patient through the whole month of March and April. Yes missed out on this bounce from the lows but oh well.
I am no longer convinced that there will be a spike in the numbers that affects the economy considerably. If anything, the general public has become aware to the point that I think people are truly concerned about avoiding the virus, especially if they are particulary vulnerable to the effects the virus might have on them. Those with less vulnerability will simply play the odds. Work has to commence. People HAVE TO get back to generating income and going about their lives. The economic furnace will be relit based on the efforts of Americans that are fed up, for a multitude of reasons, but mostly because the American Spirit cannot be beaten down.
I tend to disagree. Yes, most Americans will attempt to continue social distancing but there will be those that will not and they will be the ones that will ruin it for the majority. An example are the people that are protesting and not maintaining social distance nor are wearing masks. Look at the people rushing to the beaches in California and Florida. I expect we will see virus spikes around the country. I just hope we can keep these areas isolated so it doesn't get out of hand. As these, hopefully limited, spikes occur it will keep the economy down because the smart people will not feel comfortable being in crowded shops and stores. I just hope we don't loose more American lives because of stupid people that care more about themselves then the affect it can have on the innocent people around them.
May the force be with us.
Of course, I won't even contemplate an IFT until Thursday at the earliest. Before then, I would have studied the overall weakness/strength of today's and Wednesday's action as a whole. I will not be focusing on any time period such as 1100-1130. But, if today's action so far is any indicator, an IFT this week is looking less and less likely.
"Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7
If you are on the lily pad I can understand not wanting to get back into the game yet. But since I'm already in the game I think I'm going to take a chance and go from 50/50 C/S to 100% S. That still leaves me 1 IFT for April and 2 fresh bullets' for May.
Good luck everyone.
May the force be with us.
Outside of my TSP, I'm fiddling around with FAZ in anticipation of some market selling continuing into/beginning tomorrow. It was near the 52-week low when I bought in today @ 23.6601. I'll see where it goes.
"Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7
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