Between the almost 2 trillion dollar stimulus passing and that JNJ news after hours friday, I would say welcome to a sweet Monday rally. Will probably see futures red but bright green they will go. People will be wanting to jump in on this lifetime 3% pullback. 3839 Last edited: Today at 5:52 PM
No worries. It will pass and everyone will get more free trillions to spend gracefully.... There is no way it doesn't pass, maybe take a little time to pass with all the political garbage but will get it. And then will get more stimulus again by mid to late 2021 and another one by end of 2021 early 2022. Trillions upon trillions will be given out. Keep that economy prop job going and going.
You do realize that this latest stimulus package has been trying to get mustered through for...7 months? 8? It has taken this long. No reason to believe it is going to pass without more pain to the People.
FYI - In the future it may be better to close predictions before the Sunday evening futures open - currently 6 PM EST. Early futures are not always an indication of the market on Monday but I think in cases like tonight you are getting a good clue.
I don't trade based on superstition. The first trading day in January and February, my account went up 5% and 11.4% respectably. While there are no certainties in markets, this was a high probability setup given the late month sell off and the upcoming Stimulus vote as of Friday afternoon. Note what I posted on Friday 1:46 pm :
Markets looking up pretty nice in pre-market. Money money MONEY!!!! Who will be the Game's day 1 winner? Not worth anything other than..... 20 years from now.... "remember when this awesome game first started....."