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03/28/2020 Weekend Update

03/28/2020 Weekend Update

Postby Cobra » Fri Mar 27, 2020 5:01 pm

Up one week, 77% chances higher high ahead the next week, so bulls might be fine holding positions over the weekend.

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Re: 03/28/2020 Weekend Update

Postby Spacebased » Fri Mar 27, 2020 5:05 pm

The biggest thing giving me pause is the VIX?
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Re: 03/28/2020 Weekend Update

Postby tsf » Fri Mar 27, 2020 10:43 pm

Vance Harwood @6_Figure_Invest
Mar 24, 2020

VIX & $TVIX 2008 vs 2020 continues to show similar pattern with fade after 1st spike. If it holds we will see another VIX peak ~April 10th. Dotted lines 2008, solid 2020. 2008 TVIX numbers were simulated from $VIX futures & normalized to match TVIX 16-Mar-2020 actual

https://twitter.com/6_Figure_Invest/status/1242498522420670464
https://pbs.twimg.com/media/ET47pmuUUAAbplW?format=jpg&name=small
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Re: 03/28/2020 Weekend Update

Postby Heck » Sat Mar 28, 2020 9:54 am

FDX Target + 51 %
From 116 to 174.81
+ 2.2 % Dividend

70 % Margins
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Re: 03/28/2020 Weekend Update

Postby Heck » Sat Mar 28, 2020 10:05 am

PNC Target + 55 %
From 96.98 to 150.35
+ 4.7 % Dividend
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Re: 03/28/2020 Weekend Update

Postby Heck » Sat Mar 28, 2020 10:39 am

AMZN Target + 61 %
From 1899.92 to 3063.56

22 % ROE
41 % Margins
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Re: 03/28/2020 Weekend Update

Postby Al_Dente » Sat Mar 28, 2020 11:13 am

ABT:
There’s a new COVID-19 test from healthcare technology maker Abbott that looks to be the fastest yet in terms of producing results, and that can do so on the spot right at point-of-care, without requiring a round trip to a lab. This test ... has received emergency clearance from the FDA, and will begin production next week, with output of 50,000 per day possible starting next week.
https://techcrunch.com/2020/03/27/a-new ... 5-minutes/
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Re: 03/28/2020 Weekend Update

Postby QED » Sat Mar 28, 2020 12:29 pm

.
Nextstrain
Real-time tracking of pathogen evolution

https://nextstrain.org/

.
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Re: 03/28/2020 Weekend Update

Postby Heck » Sat Mar 28, 2020 12:38 pm

HA Target + 146 %
From 11 to 27.01
+ 4.3 % Dividend

22 % ROE
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Re: 03/28/2020 Weekend Update

Postby Cobra » Sat Mar 28, 2020 1:24 pm


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Re: 03/28/2020 Weekend Update

Postby Heck » Sat Mar 28, 2020 1:44 pm

PAAS Target + 259 %
From 15.15 to 54.34
+ 1.3 % Canada Dividend
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Re: 03/28/2020 Weekend Update

Postby Heck » Sat Mar 28, 2020 2:06 pm

$VIX Target - 100 %
From 69.1 to 0

Last time we got this extreme signal was 9 March 2009
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Re: 03/28/2020 Weekend Update

Postby jademann » Sat Mar 28, 2020 2:08 pm

Spacebased wrote:The biggest thing giving me pause is the VIX?


For me also. The VIX needs to pull back to be able to switch to long longs. Its probably not going to do that until the corona peak is over.
I bought a chunk of BA at 162 on thursday. first long for two years. then I read the moody rating, got a cold sweat, and sold first thing the next day for break even.
I didnt seem to have any trouble building a SPXU position for the past two years though.. Perhaps it was Trump related or perhaps it was because the bull was 10+ years old.
The timing of Corona is very suspicous imho. It seems to coincide with when the market was required to pull back and they needed an excuse to justify it. They couldnt use Lehman Bros again.
My comments were dictated to me by homie the clown
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Re: 03/28/2020 Weekend Update

Postby QED » Sat Mar 28, 2020 3:43 pm

.
Download this APPLE app (free from the Apple App store) to your iPhone ...

Coronavirus (COVID-19) - Apple and CDC
https://www.apple.com/covid19

.
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Re: 03/28/2020 Weekend Update

Postby QED » Sat Mar 28, 2020 6:12 pm

.
At the end of the article, be sure to watch (in HD for clarity) Sven Henrich's video: "This week’s technical market assessment."

Answers
https://northmantrader.com/2020/03/28/answers-2/

.
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Re: 03/28/2020 Weekend Update

Postby Al_Dente » Sat Mar 28, 2020 6:14 pm

"Whenever anything is being accomplished, it is being done ... by a monomaniac with a mission." [Peter Drucker]

NOT MARKET RELATED.
The story of an angel. Chef Jose Andres was born in Spain and became a U.S. citizen in 2013.
His mission is to feed people who need help.
You may remember reading about him during Hurricane Sandy, Hurricane Harvey, Hurricane Maria, or recently, when that cruise ship finally docked in Oakland, California.
This is his story.
https://time.com/collection/apart-not-a ... irus-food/
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Re: 03/28/2020 Weekend Update

Postby Al_Dente » Sat Mar 28, 2020 6:47 pm

According to Goldman's chief equity strategist, David Kostin, after the S&P's 18% rally this week, there is just one thing Goldman's clients want to know: “are we past the bottom" and "has a new bull markets started."

Goldman's answer is that even though the bank still retains its 3000 SPX price target, "tactically, we believe it is likely that the market will turn lower in coming weeks." To justify its bearishness, Goldman looks back at the global financial crisis and reminds us that "between September and December 2008, the S&P 500 experienced six distinct 1-6 trading day bounces of 9% or more, with some rallies as large as 19%. However, the actual market bottom did not occur until March 2009."

By the count of the Goldman Sachs Buyback Desk, nearly 50 US companies have suspended existing share repurchase authorizations in the past two weeks, representing $190 billion of buybacks or nearly 25% of the 2019 total. More buyback suspensions are likely. Kostin concludes that "buybacks have represented the single largest source of US equity demand in each of the last several years, and we believe higher volatility and lower equity valuations are among the likely consequences of reduced buybacks."
Last edited by Al_Dente on Sun Mar 29, 2020 11:47 am, edited 1 time in total.
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Re: 03/28/2020 Weekend Update

Postby jademann » Sat Mar 28, 2020 11:14 pm

My comments were dictated to me by homie the clown
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Re: 03/28/2020 Weekend Update

Postby Spacebased » Sun Mar 29, 2020 9:22 am

The VIX is one data point only, I know. We have that huge bullish engulfing last week but ended weak. I'm in the, "this ain't over" camp but curious how Monday and Tuesday play out. Will we get that higher high and then a turn, or will the miracle Chinese nano-cure turn things around (or at least the rumor/hope of it)? You knew it wasn't going to be a Corona-business-as-usual weekend with no new news.
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