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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 (6.22.2020) ~ Markets Rise But Gains Capped By Increasing Covid-19 Cases And Hospitalization Rates ~ Yesterday Futures opened with negative sentiment down nearly 1% then rose over night. Mega Cap Tech stocks helped push the overall markets up in cash trading today. However, gains got capped on increasing Covid-19 cases and hospitalization rates. … Continue reading
SOLD: (Trimmed profits in the following) PYPL (up 145%) SHOP (up 190%) AAPL (up 85%)
D&D Note (6.18.2020) ~ Markets Struggle For Direction End Day Flat ~ Economic data is trending better but will it continue or deteriorate? Unemployment remains high but will congress extend unemployment benefits? Covid-19 cases are increasing in many states but will we see lockdowns again? There are so many questions right now that could go … 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
D&D Note (5.20.2020) ~ Reopening Optimism Gives Markets Hope For Risk On ~ Markets tried to push to the upper end of the current trading range intraday to 2980.29 but pulled off the highs to hover around 2965 on the S&P 500. Going into the final hour of trading Indices saw an uptick pushing back … Continue reading
SOLD: –PYPL (locked in gains post earnings beat)
D&D Note (4.20.2020) ~ WTI Crude Oil Falls to Negative On Expiration of May Contract For First Time Ever ~ The May 20 contract of NYMEX WTI Crude settled at negative -$37.63 a barrel down over negative -200%. This was the first time in history WTI fell negative. The June 20 contract is trading at … Continue reading
SOLD: Took portion of gains in all the following: WNS DIS BRK.B PYPL SHOP FB TSLA V GOOG
D&D Note (4.9.2020) ~ Near Term Top on Overextended Rally? FED Steps In to Buy Fallen Angel Debt ~ Equity markets bounced off the top of the intraday trading range (2,818.57 intraday high on S&P 500) multiple times before markets pared gains leading into the close ahead ahead of the long weekend. (No trading tomorrow … Continue reading
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