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D&D Note (9.21.2020) ~ Markets Continue To Selloff Nearing Correction In S&P 500 While U.S. Covid-19 Deaths Approach 200,000 ~ Global markets sold off overnight putting pressure on U.S. markets today as both Fiscal Stimulus + Covid-19 worries rattles investors. Cyclicals led the selloff today while Tech was the cleanest dirty shirt on the day. … Continue reading
BOUGHT: JPM (added to position in Holding Portfolio) BA (began position in Holding Portfolio) JNJ (began position in Holding Portfolio) UNH (began position in Trading Portfolio)
Bought: GOLD (added to position in Trading Portfolio) JPM (began position in Holding Portfolio)
D&D Note (9.15.2020) ~ Rally Fades As Stocks Pair Gains Into The Close ~ Tech led the rally in the stock market again today. However, as the day went on stocks began pairing their gains into the close. Financial Sector was the laggard on the day down -1.36% with JPM down -2.99% and Citigroup down … 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 (8.11.2020) ~ Stocks Sell-Off Late Day With Stimulus Impasse And Gold Falls Most in 7 Years ~ Markets continued to see mixed trading as the rotation into cyclical stocks out of tech stocks continued for a second day. The NASDAQ sees its 3rd straight day of losses which hasn’t happened since March. The … 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
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
Bought JPM (added to position)
D&D Note (4.16.2020) ~ Wild Swings Intraday With Tech Leading ~ Markets whipsawed violently between gains and losses today with Tech being the standout gainers. The Nasdaq 100 has now erased all losses for 2020. Earnings last night from semiconductor manufacturer TSM helped propel the chip stocks and ultimately the overall tech sector. Trump outlined … Continue reading
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