Thread: Rod's Account Talk

Keep an eye on those futures. Don't freak out at the current numbers. They should stop trading around 1615-1630 EST. I think they then resume trading @ 1630 until 1730. Then again @ 1800 onward, which you can then freak out. Someone correct me if I am wrong.

https://www.investing.com/indices/indices-futures

TSP States COB is 1600 and any aftermarket trading is accredited to the next days closing

I realize everyone has their threshold of pain. But, I noticed a few capitulations on the AutoTracker. A few folks IFT'd to (G) while taking a 7%+ hit today. IMHO, that's what you don't want to do in this environment because you will miss those eventual explosive rallies that will eventually cause you to break even over time, or perhaps in one day. My advice (with a grain of salt) is not to capitulate and sell at a loss that large.

My Two Shiny Lincolns

It is pretty ugly at the moment, but yes, don't sell this deep. Speaking from experience. Note to self: When positioned well for a down turn, don't jump in too soon.

Mr. Market is poised to rally due to President Trump's announcement of rolling out economic proposals in response to COVID-19. That press conference is supposed to be today @ 1730 EST.

But, then there is this:

The White House is not ready to roll out specific economic proposals in its response to the widening impact of the coronavirus outbreak, administration officials told CNBC.

The revelation comes as U.S. stock futures pointed toward a sharp rebound at the open Tuesday following the Dow’s 2,013-point drop Monday and President Donald Trump’s suggestion that a payroll tax cut and other stimulus measures may be in the works to mitigate economic damage from the virus’ spread. Trump has also invited Wall Street executives to meet at the White House on Wednesday to discuss the response.

However, inside the administration, some officials were stunned by Trump’s claim Monday that he would hold a press conference Tuesday to announce an economic plan. “That was news to everyone on the inside,” one official said.

The actual details of any plan remain up in the air. “It’s not there right now,” an official said. “A lot of details need to be worked out.”

Source: https://www.cnbc.com/2020/03/10/coro...cials-say.html

Therefore, be careful out there. Especially if you are on the sidelines attempting to catch any relief rallies.

God Bless

50/50 crapshoot if Mr. Market will be excited for Wednesday after President Trump's 1730 ET press briefing. I don't think I will take that gamble and get caught in another downtown like I did on 27 Feb. But, at least I recovered most of those losses while I was in (F). I have another 0.89% to recover. I am currently 100 (G) with one move left for March.

God Bless

Originally Posted by Rod

50/50 crapshoot if Mr. Market will be excited for Wednesday after President Trump's 1730 ET press briefing. I don't think I will take that gamble and get caught in another downtown like I did on 27 Feb. But, at least I recovered most of those losses while I was in (F). I have another 0.89% to recover. I am currently 100 (G) with one move left for March.

God Bless

Not expecting much from the news conference.

Originally Posted by nasa1974

Not expecting much from the news conference.

I tend to agree.

Get'n ready to turn negative...

Originally Posted by Rod

Get'n ready to turn negative...

Only the DOW has dipped into negative territory so far. It is back to positive for the time being.

I'll do the play-by-play...

DOW negative again.

S&P now negative.

Naz is hanging in there.