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03/18/2020 Live Update

Re: 03/18/2020 Live Update

Postby Al_Dente » Wed Mar 18, 2020 12:43 pm

aren't we close to a market halt ??????
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Re: 03/18/2020 Live Update

Postby JFR » Wed Mar 18, 2020 12:44 pm

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Re: 03/18/2020 Live Update

Postby Al_Dente » Wed Mar 18, 2020 12:45 pm

“LATEST DOW DROP WIPES OUT ALL GAINS SINCE TRUMP INAUGURATION”
[NBC]
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Re: 03/18/2020 Live Update

Postby Xian » Wed Mar 18, 2020 12:54 pm

Goldman:
Screen Shot 2020-03-18 at 9.51.02 AM.png
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Re: 03/18/2020 Live Update

Postby Al_Dente » Wed Mar 18, 2020 12:58 pm

TRADING HALTED
15 minutes
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Re: 03/18/2020 Live Update

Postby JFR » Wed Mar 18, 2020 1:00 pm

Dow 30. Walmart and Walgreens in the green. Keep those stores open, Boys.

BA and UTX trailing, with lots of company.


2020-03-18_0958.png
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Re: 03/18/2020 Live Update

Postby JFR » Wed Mar 18, 2020 1:04 pm

Trading in SH halted.


2020-03-18_1002.png
2020-03-18_1002.png (9.91 KiB) Viewed 198 times
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Re: 03/18/2020 Live Update

Postby Xian » Wed Mar 18, 2020 1:05 pm

Don't know if we're still doing this, but here's a little something to apocalypse by

https://www.youtube.com/watch?v=WaX-h19rhkQ
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Re: 03/18/2020 Live Update

Postby Al_Dente » Wed Mar 18, 2020 1:06 pm

SUMMARY:
presser [historically, the non-potus comments were more truthful]:
potus: FEMA is activated in all regions, level 1, the highest level
potus: HUD: suspending all forclosures and evictions ‘till the end of April
potus: new vaccine testing have begun
pence: northern border to Canada is closed (except “essentials” like medical)
pence: tomorrow: video conference with all Governors and FEMA
task force: latest lab reports globally = 7% (not the previously reported 2%) of those tested are positive
task force: stop non-essential medical activity, conserve masks and personnel and medical equipment
Q&A:
potus: size of checks to Americans: to be determined
pence: we have tremendous stockpile of ventilators (10,000), DOD has more
task force, Veterans Affairs: 44 veterans tested positive, 1 died
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Re: 03/18/2020 Live Update

Postby Al_Dente » Wed Mar 18, 2020 1:07 pm

TRADING WILL RESUME 1:11 pm
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Re: 03/18/2020 Live Update

Postby JFR » Wed Mar 18, 2020 1:14 pm

SPY 5. Pushing down.


2020-03-18_1013.png
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Re: 03/18/2020 Live Update

Postby Al_Dente » Wed Mar 18, 2020 1:14 pm

View from the SHORT side
the gap was the halt, now trading has resumed
318shorts.png.png
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Re: 03/18/2020 Live Update

Postby ocassional observer » Wed Mar 18, 2020 1:18 pm

I'm worried today can turn into a very ugly day to force the politicians to get something done
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Re: 03/18/2020 Live Update

Postby JFR » Wed Mar 18, 2020 1:26 pm

Best bet for swing trades? Ha ha.

DBC short. GLD nada; tricky. IYR short. SPY short but dangerous; the bulls do not like to give up. TLT nada, crazy. USO short. UUP long? Dunno about that, based on the chart.

Just in my opinion.


2020-03-18_1023.png
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Re: 03/18/2020 Live Update

Postby Al_Dente » Wed Mar 18, 2020 1:28 pm

YESTERDAY:
WHAT THE FUK:
“The Fed… Will Accept Stocks As Collateral”
The Fed announced the establishment of a Primary Dealer Credit Facility (PDCF) "to support the credit needs of households and businesses." [TRANSLATION: to support the banks. Period.]
“Credit extended to primary dealers under this facility may be collateralized by a broad range of investment grade debt securities, including commercial paper and municipal bonds, and a broad range of equity securities…. the following equities would not be eligible: exchange traded funds (ETFs), unit investment trusts, mutual funds, rights and warrants ..."
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Re: 03/18/2020 Live Update

Postby Al_Dente » Wed Mar 18, 2020 1:30 pm

DEC/ADV = bears are 17x bulls
DNV/UPV = bears are 16x bulls
(can change quickly)
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Re: 03/18/2020 Live Update

Postby JFR » Wed Mar 18, 2020 1:33 pm

SH. Shorting the SPY.


2020-03-18_1031.png
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Re: 03/18/2020 Live Update

Postby JFR » Wed Mar 18, 2020 1:40 pm

SPY 5. Finding support at the pivot. Taking a break. Later ...


2020-03-18_1039.png
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Re: 03/18/2020 Live Update

Postby Al_Dente » Wed Mar 18, 2020 1:46 pm

"No More Buybacks. Not Now, Not A Year From Now. Not Ever."
“... when there is a bailout... historically the companies reward the executives. They reprice their options, they give them more stock, they give them warrants…. Whatever it is that a company does for their executives, they should be required to proportionally do the same thing for everyone else that works for the company. Period, end of story." 
[Mark Cuban, CNBC, 3/18]
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Re: 03/18/2020 Live Update

Postby Heck » Wed Mar 18, 2020 2:08 pm

$SPX BUYING > 2,280.52 edit
Last edited by Heck on Wed Mar 18, 2020 2:51 pm, edited 1 time in total.
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