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30 pts range all day. Slower than expected...hopefully, more action after lunch.

It will go faster later, once this range is over.

Save ammo for bounce at 2715ish. I will scalp this bounce, if it gets here today.

Flip, are you sitting on the side?

He's still buying more at any dip.

If CL gets to 15-16, I might be tempted to buy.

Target 2715ish for a meaningful bounce if it gets there...

Amzn is such an impulsive buy to ATH on just better retail data. Likely to take a hit at earning release if AWS growth is bad.

I guess this time the bad economic data is not priced in. It's a matter of time. If I am right, we start trending down.

Market definitely is getting ahead of itself. Nobody knows how this pandemic will play out after lifting lockdown. It could be another wave of infection and another lockdown. Buying with full expectation of V recovery at this point is just foolish, especially, chasing this market. It could...

Probably need to monitor the first state that we lift lockdown for 2nd wave of infection to model how long this will take for us to go back to normal.

Bank stocks deep in the red.

Not Tesla?

Nasdaq is holding up the Dow and S&P. Hard for markets to go down big without all 3 indexes participation.

This week will likely trading in range. My bias is still down, so selling spikes is the play. Although, I am still in observation mode, but still holding short.

Added short today and will let it sit. In observation mode, so won't add more at this point until I can calibrate this movement.

Those fixed income guys are conservative, won't easily allocate in volatile and risky environment. They would sit on cash until things calm down. Strange indeed...happens as after the stimulus package. If the Fed is buying, need to see when this will stop before jumping in. I want to see...

Only other explanation is asset re-allocation from fixed income to equities, but too much of a coincidence in timing the buy every Thursday.

Even the pros are scratching their heads now. Very weird movement.

Added short. Calling BS on this one. If wrong and we ended green, I will go into observation mode until markets normalize.