10/02/2020 Live Update

[Al_Dente]

(Reuters) ...Jerome Powell has been working from home while also following masking and social distancing protocols when in public, and has not felt it necessary to take a coronavirus test, the Fed said Friday ... A Fed spokesperson said in addition that Powell had not been in contact with anyone known to have tested positive for the virus.

[ccash04]

Retest of today's low in store today on SPY? Below 3350 seems like an air pocket.

[BullBear52x]

MM might have bottom wedge in mind, a closed above between 38.2 and 61.8% to get everyone guessing over the weekend. lots of news letters to sell and a talking heads to yep.

[BullBear52x]

I am not selling any more just hold half and kick back, this is another sell zone if bears mean bizness.

[Cobra]

cobra last night:
because of .. ... and ...... could pullback tomorrow
Yup, I'll vote for that
https://stockcharts.com/public/1684859

Thank you. But I certainly hope it's not this kind of news which is sad.

[Cobra]

If bulls are able to touch the blue line above then breakout would be a little more likely.

[Ratbastrd]

cobra last night:
because of .. ... and ...... could pullback tomorrow
Yup, I'll vote for that
https://stockcharts.com/public/1684859

Thank you. But I certainly hope it's not this kind of news which is sad.

If not this news, it would have something else. My experience is markets move, then find news to justify move.

[PlumHill]

I voted Cobra in Stockchart.com too. His prediction is cautious yet accurate.

[BullBear52x]

cobra last night:
because of .. ... and ...... could pullback tomorrow
Yup, I'll vote for that
https://stockcharts.com/public/1684859

Thank you. But I certainly hope it's not this kind of news which is sad.

If not this news, it would have something else. My experience is markets move, then find news to justify move.

Amen

[Cobra]

cobra last night:
because of .. ... and ...... could pullback tomorrow
Yup, I'll vote for that
https://stockcharts.com/public/1684859

Thank you. But I certainly hope it's not this kind of news which is sad.

If not this news, it would have something else. My experience is markets move, then find news to justify move.

Agree.

[ccash04]

Who is going into this weekend holding long?? Certainly doesn't feel buy the dippy yet.

[Cobra]

Anyone knows why small caps so strong today?

[Cobra]

I voted Cobra in Stockchart.com too. His prediction is cautious yet accurate.

Thank you!

[Cobra]

Who is going into this weekend holding long?? Certainly doesn't feel buy the dippy yet.

Maybe it's bears who dare not hold over the weekend because of the stimulus package talk, a deal could be reached anytime or as usual, bulls just need a rumor.

[ccash04]

Anyone knows why small caps so strong today?

Think it is due to stimulus hopes. If I am not mistaken IWM/Small caps is more banks/financials and if you look at KRE it is up big. Stimulus hopes there.

[Sleeperz]

CNBC PRo headline
Market poised to rotate to small- and mid-cap stocks, top UBS advisor says
PUBLISHED THU, OCT 1 20202:17 PM EDT

[Cobra]

Anyone knows why small caps so strong today?

Think it is due to stimulus hopes. If I am not mistaken IWM/Small caps is more banks/financials and if you look at KRE it is up big. Stimulus hopes there.

So all are aware there's the sword of Damocles there and it can drop at anytime, who dares to hold short over the weekend?

My experiences, bulls would have a few rumors to squeeze bears before the real news. Enough to play several rounds.

[HAOQI]

Anyone knows why small caps so strong today?

I think it's an OE Converge using RUT to balance NDX so to make SPX stay flat

[ccash04]

Anyone knows why small caps so strong today?

Think it is due to stimulus hopes. If I am not mistaken IWM/Small caps is more banks/financials and if you look at KRE it is up big. Stimulus hopes there.

So all are aware there's the sword of Damocles there and it can drop at anytime, who dares to hold short over the weekend?

My experiences, bulls would have a few rumors to squeeze bears before the real news. Enough to play several rounds.

Good point, certainly Bulls should feel more confident since everything has mostly broken their way since March. Just R/R does not seem to be there to be overly exposed either way over the weekend.

[BullBear52x]

Market is going no where here, IT'S FRIDAY! Peace!!!