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D&D Note (10.19.2020) ~ Stimulus Deadline Weighs On Stocks And Global Covid-19 Cases Top 40 Million ~ Stocks in the U.S. opened in the green but steadily fell throughout the session. As we approached the final hours of trading stocks took a leg lower over concerns about the Stimulus deal. Nancy Pelosi has given the … Continue reading
D&D Note (10.5.2020) ~ Markets Rally On Repricing Perceived Less Uncertainty On Presidents Health And Biden Win Decreasing Possibility Of Contested Election ~ The President’s health has improved according to doctors and will discharge him from the hospital tonight at 6:30pm EST to return to the White House. White House Physician Dr. Sean Conley refused … Continue reading
D&D Note (9.10.2020) ~ Yesterdays Dead Cat Bounce Turns Back Into Selloff Today As Stimulus Bill Fails ~ Usually a selloff lasts 3 days (hence the 3 day rule) then you get a dead cat bounce (which we got yesterday) followed by a resumed selloff (which we got today). That is exactly why D&D took … Continue reading
D&D Note (8.10.2020) ~ Rotation In Stocks The Relief Bill Talks Stalls And Questions Surround Executive Orders ~ Today we saw a rotation in markets out of Tech stocks and into Industrials and Retail stocks. There is still no bill yet in Congress for Stimulus Relief, but Munchin says deal could be reach this week. … Continue reading
D&D Note (8.3.2020) ~ Tech Leads Risk On Rally With S&P 500 Rising Above 3300 Intraday ~ Tech stocks rallied today led by Apple & Microsoft both at record highs while tech laggards on the day were Amazon & Google. Top sectors on the day included Tech, Health, and Energy. The worse performing sectors being … Continue reading
D&D Note (7.28.2020) ~ Late Day Sell-Off Drags Stocks Lower With Rotation Out Of Tech ~ Markets traded choppy to flat throughout the day then had a late afternoon sell-off which dragged the major indices lower on the day. Negotiations on the new relief bill are proving difficult between Republicans in the Senate and Democrats … Continue reading
D&D Note (7.10.2020) ~ Golden Cross On S&P 500 Helps Amplify Investors Risk Tolerance ~ Yesterday the S&P 500 saw a Golden Cross technical chart formation which happens when the 50 day moving average crosses above the 200 day moving average. In the last 70 years this technical reading has signaled the end of Bear … Continue reading
SOLD: FB (trimmed profits) CGC (trimmed profits
D&D Note (5.22.2020) ~ Probability Now Higher For Breakdown Not Breakout ~ While we are still technically in a Bullish Trading Range, markets are trending more to breaking down out of range than breaking out above the 200 day moving average (for round number we need to break out above 3000 on S&P 500 and … Continue reading
D&D Note (5.15.2020) ~ Oil Rally Lifts Stocks Off Lows ~ Equity markets opened the day gapping down into the red, however midday Oil began to rally which then pulled stocks off their lows for the day. The rally in Oil has nearly pulled the futures contracts out of contango. In the final minutes of … Continue reading
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