03/13/2020 Live Update

[JFR]

GLD down, SPY up, TLT flat.

[Al_Dente]

Squint and see a potential inverse H&S
VOID if we get a new low
CONFIRMED if it breaks above the neckline, cyan dashed line
[add: same on QQQ but lower low on FANGs+ and lower low on SMALLS ... not shown here]

[Al_Dente]

Carl Ican now on cnbc
I’m on boards, I get paid $100,000 for a board meeting
I sit there, have a few drinks, etc…...

[Cobra]

Exceeded the mini target, the rebound may have legs and so the range low for today might be in.

[QED]

.
Fifteen Charts That Changed the World

“I guarantee even the hardest trading veterans have never seen some of these charts before.
It’s possible we may never see some of these again."

https://macrocharts.blog/2020/03/13/fif ... the-world/
.

[Al_Dente]

“I’m in constant conversation with Jay Powell”
[the munchkin]

Liesman: market pundits want part of the bailout package to be a(nother) bailout of banks.
but but but... I thought our banks were supposedly in such great great shape.
Weekly

[brokebybernacke2]

“I’m in constant conversation with Jay Powell”
[the munchkin]

Liesman: market pundits want part of the bailout package to be a(nother) bailout of banks.
but but but... I thought our banks were supposedly in such great great shape.
Weekly

313banks week.png.png

doh!

[Al_Dente]

Drive-through testing begins in New Rochelle, NY
Free.
[medicare reimbursement rate is $50 per, but that’s not yet confirmed]
https://newyork.cbslocal.com/2020/03/13 ... h-testing/

[Al_Dente]

Anecdote from one anchor on cnbc:
Canceled my cruise
Got all my money back
AND IT WAS A NON-REFUNDABLE TICKET

[Al_Dente]

HAPPY HOUR soon
plus, press conference expected at 3:00
“State of Emergency” declaration anticipated

[JFR]

ES 5. Riding the EMA 20.

[Daniel]

Fifteen Charts That Changed the World

That was quite an excellent horror-show of slides, thanks for sharing. Like a cat-scan of a multi-market collapse.

[Daniel]

President Trump plans to declare a national emergency.

Bloomberg radio is ready and waiting, as are other live streams. Perhaps, strategically, he wishes to wait until after 4pm market close.
..okay there he is.

[Al_Dente]

the dow just before he started +865 points

[Cobra]

The close today would be interesting. We'll know soon whether bears are bold enough to hold over the weekend.

[Cobra]

Well, guess that's it for today. Here's what Monday looks like: https://stockcharts.com/public/1684859/ ... /533449377

Thank you guys, I'll see you in another thread soon.

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449377

[Heck]

SPY + 8.55 %
SPY Target + 117 %
From 248.52 to 541.13
+ 2.3 % Dividend Yield

Apr Gold off as much as - $86.30
GLD Target - 16 %
From 149.6 to 125

Bitcoin loses half its value in two-day plunge

UUP + 3.78 %
Target + 34 %
From 26.54 to 35.57

BULLYA PPT Stocks

[Heck]

Bill Gates
Resigns BRK/A and MSFT Boards