What a month and things moved so fast, that buy signals are just now starting to roll in. So let the digging out from Covid-2020 begin. I did make the adjustment today and put a big toe back into the market. Tomorrow is Friday and I will have closing numbers for the week then.
So here we are with one day left before we enter May. GILD once again has a rumor out that it might have a cure for Covid-19 and the markets ripped. So what are we going to do now?
How close are we to getting real buy signals? Next week is the last week of April and are we going to ready to step back in or are we going to stand down? A friendly reminder to all that live in Virginia. There is no delay in effect for taxes due in Virginia. You…
It could have been a lot worse but Friday came in and saved the day. At one point this week, the markets were 5% down. Still not sure what’s holding this market up, but the clock is ticking for a move higher or lower. I do not believe that this sideways movement will go on…
Easy come, easy go!
So did we get a daily buy signal on the S&P 500? It sure was a crazy trading day with large swings. Oil absolutely got crushed. We will be paying under $1 for gas soon. It’s already happening in other states.
Are we seeing a repeat of October 2018? Is there any bad news that is going to hold this recovery back? Are we going to see a re-test of the recent lows? How ridiculous was last Friday’s move and if you didn’t see the article I am going to show you, it makes you wonder…
The last three days would make you think that we are not out of the woods yet. The big players on the stock market think we are though.
Yesterday we had a buy signal on the S&P 500 and today it was canceled. Since we have not seen back to back down days since March 30 and April 1, tomorrow will likely be an up if the most recent pattern is followed. Business news day by day keeps getting worse. How long this…
The markets continue to rise in the face of bad news and I keep hearing it is factored in. Maybe so, but I still feel there is going to be hell to pay soon.
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