SPX - What's the Outcome? Adapt or Die!
Updated
BLUF: All tools/models are useless in the market....anyone who says they have traded this market is full of BS! A decoupled sustained high volatility level, market uncertainty and Government Leaders who will overreact and make bad/worse decisions cause their scared shitless also! Yes, charts are good to visualize the environment...we can expect Bounce(s) & Lower Lo's before it goes Higher...Recession? Without a doubt several negative quarters...But there is always opportunity! (Hospitality, Energy, take your pick...keep raising CASH) Average in with layers across a diverse portfolio...No Body knows how low this thing can go or high! Plays: Look at Debt first, strong cash balance sheets...are they protected from the Virus-Economic Reality...what kind of moat do they have...whats gonna change Post-Virus?
Be Safe...Cheers!
Plan = Process & Mangage your Trade(s) Find-Fix-Finish!
“The quintessential market characteristic, is that they are the final determinant of veracity…Markets tell the truth, No one can fool the market!”
Be Safe...Cheers!
Plan = Process & Mangage your Trade(s) Find-Fix-Finish!
“The quintessential market characteristic, is that they are the final determinant of veracity…Markets tell the truth, No one can fool the market!”
Note
Let's Watch....Does our Incompetence leaders sign the Fiscal Stimulus Bill? For this bounce to continue to have legs...that has to happen...TBD!Note
3 Things: 1) Gold started to rally yesterday, 2) Fiscal Stimulus Package from Congress/Senate and 3) VIX (Volatility) is coming down daily (Big Money Managers look at this to go Risk-On and put money back into equites)....so this all bodes well for this bounce to continue just realize once it gets ivo 2550-2600 on the SP we could get a retest of the low and maybe a new low...TBD. This environment will take months to play out...you cannot just restart the economy from Pre-Virus and when it does..people/companies will be cautious in there spending...
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