SPX Long
Updated
Oil looks like found a bottom and is supporting the market. Oil cut productions in the works. China today is allowing people back to work. Virus in the past eventually contained and markets go higher, see here:
flickr.com/photos/186259512@N07/49479049761/in/dateposted-public/
Fed is pumping like crazy - Don't fight the Fed!
Currently two kinds of Fed pumping:
Fed buying bonds suppressing rates
Fed Repo
see here:
flickr.com/photos/186259512@N07/49426318681/in/dateposted-public/
flickr.com/photos/186259512@N07/49395964472/in/dateposted-public/
This is historic Fed Repo pumping never seen before in history, about double the amount done in 2008 crisis.
flickr.com/photos/186259512@N07/49317589508/in/dateposted-public/
flickr.com/photos/186259512@N07/49479049761/in/dateposted-public/
Fed is pumping like crazy - Don't fight the Fed!
Currently two kinds of Fed pumping:
Fed buying bonds suppressing rates
Fed Repo
see here:
flickr.com/photos/186259512@N07/49426318681/in/dateposted-public/
flickr.com/photos/186259512@N07/49395964472/in/dateposted-public/
This is historic Fed Repo pumping never seen before in history, about double the amount done in 2008 crisis.
flickr.com/photos/186259512@N07/49317589508/in/dateposted-public/
Note
Nasdaq hit new all time high today. My target for Dow is 30K short term, which brings SPX near 3400.Note
I had been longing oil piece by piece each time it takes a dip in 49 range. Today it paid off big time. Stock market needs oil to rebound to go higher.
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