It's over. Historical bull run has come to an end.

S2007S · Feb 28, 2020

He needs to shut his mouth

Stocks are pretty cheap??? Really? Funny because how many were buying apple at $320 and Amazon at 2100....fu×king joke

https://www.cnbc.com/2020/02/28/tru...-on-coronavirus-stocks-look-pretty-cheap.html

SimpleMeLike · Feb 28, 2020

volpri said:
I wouldn’t be buying. Nothing indicates the bottom is in. To the contrary I’d be selling rallies. Until we see things stabilize. Rallies without a bottom put in are weak rallies and just PB’s.

Thanks volpir,

Long term investments - Continue Buying per planned, every pay check.

Day trading - The same thing I been doing buying and selling, what every the chart says do.

farmerjohn1324 · Feb 28, 2020

Let's everyone calm down and see what's actually happened so far.

The S&P has erased its gains of the last ~4.5 months. This still would have been an all-time high 10 months ago.

Hardly doomsday yet. But no telling what tomorrow (or later today) may bring.

S2007S · Feb 28, 2020

Just as I'm predicting

Fed to the rescue as usual

MARKETS
Goldman expects three Fed rate cuts starting in March to offset coronavirus damage
PUBLISHED FRI, FEB 28 202012:02 PM EST

Yun Li @YUNLI626

KEY POINTS

Goldman Sachs said it sees three rate cuts from the Federal Reserve from March through June to combat the negative economic impact from the coronavirus.
“The committee will probably be reluctant to disappoint market expectations for substantial rate cuts for fear of tightening financial conditions further,” said Jan Hatzius, Goldman’s chief U.S. economist.
The fed funds futures market has assigned a more than 70% chance of a rate cut at the Fed’s March policy meeting.

https://www.cnbc.com/2020/02/28/goldman-expects-3-fed-rate-cuts-to-offset-coronavirus-damage.html

Pekelo · Feb 28, 2020

farmerjohn1324 said:
The S&P has erased its gains of the last ~4.5 months.

Well, this morning we were at the 2018 August level, so 18 months.

S2007S · Feb 28, 2020

padutrader said:
I will be laughing so enjoy yours while you can

I'll revisit this post....never going to happen in the time frame you expect.

KCalhoun · Feb 28, 2020

sold most of my TVIX SQQQ SOXS UVXY VXX premkt, will hold just a bit over weekend , opposing forces =

bear: more neg cvirus/berniebs

bull: fed rate cut/trumptweet

overall still bearish, but we may get mkt bounce so small bear positions, mostly cash into wkend

S2007S · Feb 28, 2020

And there you have it....the fed to the rescue every fu×king time....

No such thing as free markets...he is going to knock rates dow to 1% and hand out trillions to wallstreet

MARKETS
Stocks cut losses slightly after Powell says Fed will support the economy amid coronavirus outbreak
PUBLISHED THU, FEB 27 20206:02 PM ESTUPDATED MOMENTS AGO

https://www.cnbc.com/2020/02/27/dow...ther-massive-rout-amid-coronavirus-fears.html

S2007S · Feb 28, 2020

KCalhoun said:
sold most of my TVIX SQQQ SOXS UVXY VXX premkt, will hold just a bit over weekend , opposing forces =

bear: more neg cvirus/berniebs

bull: fed rate cut/trumptweet

overall still bearish, but we may get mkt bounce so small bear positions, mostly cash into wkend

I'm looking for at least a 50% comeback ...so about 2000 dow points, that's where I will sell the longs I added the last few days and go completely short again.

padutrader · Feb 28, 2020

amazing how basic technical is forgotten

since when does a 10% drop become a crash.

the monthly swing low has not been broken.

this is the classic break out test.

if the break out does not fail, then it will move up with renewed strength faster than before.

some traders here are questioning my target and my time frame. there is a technical rational to my diagnosed madness