02/28/2020 Live Update

[BullBear52x]

Next buy dip setup.

Gotta admire your trading

taking a lost is part of daily routine when thing doesn't go our way.

[brokebybernacke2]

Back from Costco.
no masks, packed, people stocking up on garden hoses and big patio umbrellas.
Nothing is wrong...

[brokebybernacke2]

Google employee in Zurich tests positive for COVID, market drops. People are out of their minds thinking this is the Black Plague.

death rate is 3.5% , reported. 5 and above, might be dark brown plague. number to watch.

[BullBear52x]

This is a classic bear trap. will see stop at 80.

[ccash04]

Am I crazy to think this could close green?

[Al_Dente]

BAC wants a half point (50 bp) cut in march
futures say there is 49% odds of a FIFTY BASIS POINT cut

[ccash04]

BAC wants a half point (50 bp) cut in march
futures say there is 49% odds of a FIFTY BASIS POINT cut

Even 30 year is below FF rates, I'd say if that stays, the Fed would have to cut ASAP have no choice.

[BullBear52x]

Am I crazy to think this could close green?

Closed higher than open will be good enough for dip swing buyers, I will not want to hold on unless, we got bullish reversal bar closed. for me tomorrow is another day.

[Al_Dente]

Couple minutes ago:
Steve Liesman, whom we know has a pipeline into the Fed, says the Fed does not want to cut rates

[ccash04]

Junk/High Yield bonds look to have bottomed this morning (for the day)...

[Al_Dente]

UPDATE
Two year sector performance
Remember when I posted this and noted all the divergences
Sure, you never listen to me
Can't take you anywhere

[BullBear52x]

Nailed it,

[Al_Dente]

now:
Liesman live on cnbc read an “unusual” Fed statement
“We will use all our tools” etc
[hence bounce]

[QED]

Seldom does the market find a bottom on a Friday …
Monday should be interesting!

[BullBear52x]

Text book Hook action, can not lose now even if it trades back down, risk management is in full force.

[mattchessen]

BB25-How the heck did you know it would bounce off 80

[BullBear52x]

BB25-How the heck did you know it would bounce off 80

previous support line, or you can see it as IHS. (BB52, not 25 )

[BullBear52x]

We are fighting resistance atm. breakout and hold will be BIG

[Al_Dente]

HAPPY HOUR
https://eresearch.fidelity.com/eresearc ... ders.jhtml

[MrMiyagi]

Text book Hook action, can not lose now even if it trades back down, risk management is in full force.

That chart is too technical for me.