Cobra's Market View

Obviously, everyone is long anticipating something the Senate will vote on [$2 trillion].
USE STOPS

WH poutus earlier on conference call with big-bankers [the TBTFs] and big-baller CEOs
Generally: “Economy cannot be allowed to fail”

HAPPY HOUR soon

SPY daily. Swing trade long? Not for me. Not yet. Falling knife? Possibly. Just scalping, aside from some dividend ETFs. No need to rush. Just in my opinion, of course.

On Friday an ABC News/Ipsos poll indicated that 55 percent of Americans approved of Donald Trump’s handling of the coronavirus
—12 points higher than the previous week—

Good, now test day high may be possible.

Perilous times.

Some leaders value things this way: 1 Health and lives 2 Everything else

Other leaders value things this way: 1 Stock Market 2 Economy (could be #1 also) 3 Everything else

Are we out of the coronavirus health crisis? I don't think so. It might be months still, and then there will no doubt be round 2.

Here is a dark thought: If those at risk (compromised health, elderly, drug users, homeless, refugees, prisoners, the poor, in all countries) suffer huge numbers of deaths, those that survive this health crisis will have easier times (less social services required, fewer social problems, et cetera). Too dark a vision? It is out there. Just in my opinion.

Those with money will get ventilators, and, of course earlier, tests.

ES 5. The race to the top pauses.

Al_Dente wrote:On Friday an ABC News/Ipsos poll indicated that 55 percent of Americans approved of Donald Trump’s handling of the coronavirus
—12 points higher than the previous week—

Joe Biden: "We have to take care of the cure. That will make the problem worse no matter what — no matter what."

https://twitter.com/CalebJHull/status/1 ... 0364845056




.

That's a huuuge gap!

If QQQ can clear 184 w conviction, and hold into the close, then it's OFF TO the moon! (The lesser moon, the inner moon, about $10 higher. Above the big air pocket on the chart.)

JFR wrote:Perilous times.

... Too dark a vision? ...

You are assuming goverments are not overthrown and the wealthy do not become pariah?

HYG exploding to a new hod! NY up/down vol over 11:1!

K447 wrote:

JFR wrote:Perilous times.

... Too dark a vision? ...

You are assuming goverments are not overthrown and the wealthy do not become pariah?

I do not assume that.

Anybody have a reading on market MOC imbalance for today?

Well, guess that's it for today. Here's what Wednesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449381

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/ ... /533449381

2.1B BUY MOC

jaijailyc wrote:2.1B BUY MOC

Yup, price rode up that anticipation to its strong close.

posted at noon:

BullBear52x wrote:I don't think we will see 10% gain but who knows? crazy market is the way to describe it.

Briefing.com
"S&P 500 rebounds nearly 10% on fiscal stimulus hopes":
The Dow Jones Industrial Average climbed 11.4%. All 11 S&P 500 sectors posted strong gains, especially the energy (+16.3%), financials (+12.8%), and industrials (+12.8%) sectors. The consumer staples sector (+4.8%) was the lone sector to advance less than 5.0%.

Where do you rent your crystal balls, BB52?