Today Market

I am glad I dumped my oil stocks in December. The greenies should be happy. Slow growth means less CO2 emissions

Ended well below 200-day. :thinking:

Not quite single digit yet. Almost there.

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Correction coming first?

Recovery could be a sudden jump. You really don’t know the bottom and how high it jumps up once bottom. I am wondering, are the margin guys flush out yet? Market can’t recover until all those margin guys are flushed out. Guess we have to look at TSLA and BYND for capitulation.

TSLA bulls are still strong. Not much selling volume. Still above 50-day and 200-day SMA. More pain?

TSLA is going in the toilet. Raised by hype and will be crushed by this hyped virus.
In reality the number of cars sold hasn’t gone up nearly as much as the stock. One year ago Tesla was about to go under. In the fall it was supposed to be going to the stratosphere. The reality is about to hit soon.

Almost flushed out. :pensive:

I’m disappointed. That maxes out the gain on the put spread I bought earlier this week.

I’ve been selling calls against my stock positions then re-buying and selling lower strikes the next day.

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Hanera’s idol Cramer is stepping into the ring.

2018 saw a correction. Due for one now, too.

IBKR nice :+1:t3:

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That is consistent with Jim Cramer’s comment,

ā€œIf you haven’t put anything to work, I think you’re playing with fire,ā€ Cramer said…

But Cramer said comments Tuesday from Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, regarding a potential vaccine have altered his thinking.

While there remains potential downside risk, there also is the possibility health officials and others working to combat the outbreak ā€œdo something good, and you’ll have bought nothing,ā€ Cramer said.

ā€œAm I optimistic? No … I’m just not as negative as I was,ā€ Cramer said.

Obviously he knew something. Of course he won’t say margin guys are flushed out, he would say he buys because of fundamentals (in this case, he claimed that Dr Fauci’s comments change his view). If you read the comments, some people are countering his views based on the reason which is a waste of time because what he claimed is not the real reason. The real reason he can’t tell you. What I mean is don’t bother about the reason he gave or what he said, follow his actions.

@manch Jim Cramer has been telling his viewers and subscribers to sell as the market rallies strongly. Those who follow his advice should have wads of cash now. I find he is pretty good, not sure why you think he is talking cock. I realize I don’t understand a lot of people, for the same facts, some says this, some says that, this and that could be opposing. Go figure. If any one of the clinical tests is successful, market would explode upwards. Probably not a good time to use margin (unless you have sources that indicate that margin guys are mostly flushed out) but if you have cash, should deploy some. That is what I am doing.

ā€œAm I optimistic? No … I’m just not as negative as I was,ā€

I lost hope of the market, it is going down daily, easily end up in recession…Looks like…

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@manch Is fear indicator single digit now?

See the issues

IMO, Until Medicine is found, stocks won’t stop

A dozen of drugs are being tested in China. The most promising drug, GILD’s remdesivir is under clinical test in China.

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  • A Phase III trial gathers more information about safety and effectiveness, studying different populations and different dosages, using the drug in combination with other drugs. The number of subjects usually ranges from several hundred to about 3,000 people. If the FDA agrees that the trial results are positive, it will approve the experimental drug or device.
  • A Phase IV trial for drugs or devices takes place after the FDA approves their use. A device or drug’s effectiveness and safety are monitored in large, diverse populations. Sometimes, the side effects of a drug may not become clear until more people have taken it over a longer period of time.

Cramer all in.

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