I believe the sell off was precipitated at the failure to gain and maintain above 3233. Around 3 PM Eastern, if I am not mistaken, California announced they were shutting down a large part of its economy again, and that was a catalyst for an acceleration. But even without the news, there would have been renewed selling at that point. The question is would the selling have been as intense. Who knows, right?
I always use a minimum of 2 together for clubs, and for large outdoor venues, I have 6 Twins hooked together.
Yeah.. looks like it was Dallas Fed puppet Kaplan that opened his pie hole right around 2pm... right about the time we picked up steam...... & to think I was able to SS 22 with a measly 15.25 cover.... oooofa!
So you are saying the red channel lines in the below are the obvious but wrong? I'm not sure where one would put the top channel line. And I agree, this would not make sense as a helpful channel at this time.
Here is the above without the red lines... the down channel after 6/8 is certainly iffy. The below is just one possibility
It'll take a few days before the dust settles... no lines whatsoever for a bit... after today and then the earnings kickoff.... chaos theory applies. Lets just wait. Let the elephants spear (tusk?) themselves to death.
Without even looking I'm gonna guess... Jamie D. will at some point appear on CNBC and/or Bloomberg here in a day or two. I can promise you, ever word he will utter in the next 4 days will have been scrutinized down to the gnats ass before he even breathes one syllable. If I could find a picture of a herd of sheep all surrounding a big loud-speaker on a pole... I would put it right here. His words will move the idiots more than Powell's. But we shall see now won't we. Let it run.... One thing I know 10000000%.... this time next year, we'll be substantially lower. Sing Jamie sing!
I respect the guy but expect status quo BS verbal jargon. Those big money center banks are sitting on plenty of capital. I'm more interested in hearing about small / mid regional banks about loan loss provisions, etc. But yeah - they'll all be panting like a dog analyzing his every word just like when Powell speaks