%% Good thing for the bulls= tech companies are run better than DAL/AAR sector. BUT LUV is almost always >> than DAL + AAR DOW/DIA /IWM is still going down............................................DOW /DIA could easy close up this week. Think Jim Rogers is right on media hyping virus+ it's a good time to buy,[this week] he said, as its matter of public record?? Sure scale in on stronger trends . But IWM+ DAL sector has been weaker for many, many months, so no,on a buy them.EVEN a tax break done ,may help, but not much for DAL sector.
I think there is a strong chance we put in a bottom today. Even if we dip lower it likely won't last. Bank stocks are low risk almost can't lose investments at these levels ( eg JPM, BMO, TD, MS ). You can buy those and what the indexes do doesn't matter. Any further dip I like GOOG at $1100. This is the time to make irrational people sell you their shares as they panic over the market drop and listen ( again ) to the S2007S types who are forever expecting a complete collapse of the modern economic system.
What you think is irrelevant, you, I and all of us know shit. You want to test the waters and buy some, sure no biggie. Should you go all in, no way in hell. Once I realized that I know shit, I (there are few of us) developed algos based on that concept.
%% Tech/ETFs sounds better than banks. JPM is holding better than MS.I took a quick trade in FAS, which I had been planning to for some time, good thing I hit my tight stop fast LOL. QQQ+ MSFT is trending better than MS+ JPM, but they pay better dividends.
Apart from boasting about best economy and lowest unemployment, speech was decent. No travel from Europe for 30 days, apart from Uk. Plus some financial relief for those affected.
ES went all the way down to 2607.25! Up a little bit but still over a hundred points lower than at the close.