03/18/2020 Live Update

[Al_Dente]

aren't we close to a market halt ??????

[JFR]

https://www.marketwatch.com/articles/fe ... od=markets

[Al_Dente]

“LATEST DOW DROP WIPES OUT ALL GAINS SINCE TRUMP INAUGURATION”
[NBC]

[Xian]

Goldman:

[Al_Dente]

TRADING HALTED
15 minutes

[JFR]

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

BA and UTX trailing, with lots of company.

[JFR]

Trading in SH halted.

2020-03-18_1002.png (9.91 KiB) Viewed 2520 times

[Xian]

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

[Al_Dente]

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

[Al_Dente]

TRADING WILL RESUME 1:11 pm

[JFR]

SPY 5. Pushing down.

[Al_Dente]

View from the SHORT side
the gap was the halt, now trading has resumed

[ocassional observer]

I'm worried today can turn into a very ugly day to force the politicians to get something done

[JFR]

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.

[Al_Dente]

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 ..."

[Al_Dente]

DEC/ADV = bears are 17x bulls
DNV/UPV = bears are 16x bulls
(can change quickly)

[JFR]

SH. Shorting the SPY.

[JFR]

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

[Al_Dente]

"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]

[Heck]

$SPX BUYING > 2,280.52 edit