Thread: tsptalk's Market Talk

OK, not the place for the love / hate Trump posts.


I'll change the subject...

The indices hit some resistance near the day's highs. What do you think... Will the rally hold into the close?

If yes , < > +1000-points for the Dow?

If no, will the Dow go negative?

Sorry haha. I think it'll hold, the reversal last friday had YUGE volume (totally eclipsed the trading day before it, which i thought was already ridiculous volume). I think the downside got exhausted and big money happily scooped up the discounted shares. Up we go *snort*

With that said we are still in a volatile market setting but I think the overall trend is back up. It was a nice little crash but not 'the big one', I would be really surprised if that happened during an election year.

Originally Posted by tsptalk

OK, not the place for the love / hate Trump posts.


I'll change the subject...

The indices hit some resistance near the day's highs. What do you think... Will the rally hold into the close?

If yes , < > +1000-points for the Dow?

If no, will the Dow go negative?

nip it.jpg

First roadblock area of rebound...




"Could" get a gap up tomorrow, if the bears can't push it lower into the close today.

Originally Posted by tsptalk

I think we saw a lot of market timers throw there hands up over the last year or so and capitulate to buy and hold side. You're right... Every once in a while we get reminded why it's a dangerous strategy.

I do not see any reason for thinking today is any different than last week other than we are one day from an election. Until cures for Corona's come out, I'm sitting tight. I lost a lot last week, I'll return when cures for the virus start to materialize?

On Saturday Trump basically said he wants the Fed to cut rates.

Originally Posted by dannyboy

I do not see any reason for thinking today is any different than last week other than we are one day from an election. Until cures for Corona's come out, I'm sitting tight. I lost a lot last week, I'll return when cures for the virus start to materialize?

Originally Posted by k0nkuzh0n

On Saturday Trump basically said he wants the Fed to cut rates.

If not a emergency rate cut, 100% chance it happens this month according to: https://www.cmegroup.com/trading/int...n-to-fomc.html

Would be cool if we could get negative mortgage interest rates, that'd be time to refinance

Originally Posted by sniper

If not a emergency rate cut, 100% chance it happens this month according to: https://www.cmegroup.com/trading/int...n-to-fomc.html

Would be cool if we could get negative mortgage interest rates, that'd be time to refinance

That is a ZERO chance of happening here. We will never get negative mortgage interest rates. That wound cause a huge hit on the value of real estate were that to happen, and banks would immediately stop writing loans.


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Originally Posted by dannyboy

I do not see any reason for thinking today is any different than last week other than we are one day from an election. Until cures for Corona's come out, I'm sitting tight. I lost a lot last week, I'll return when cures for the virus start to materialize?

Definitely understand your wanting to wait until things settle...seems much of today's rise was based on sentiment/renewed confidence and probably the realization that last week was a huge overreaction. Hopefully it stays that way, but surely there will be continued volatility as this thing spreads, causes work disruptions and then many people recover. Could be like Waves...

Rate cut fills another gap....

Wild swings this morning. Any guesses on whether we close positive or negative today? ??