I caught some up of the up move, and bailed as it looked weak, right before the 4:30pm ET when the selling was expected to start and did. Next trade last 30mins, too crazy!
DO NOT short yet. The stimulus bill is coming and it will raise marlets over 5% in one week. Free money for wallstreet to keep the historic run from never ending Sentiment on Wall Street got a boost after House Speaker Nancy Pelosi said Sunday a last-minute coronavirus aid deal remains on the table as House Democrats try to forge ahead on a smaller aid package costing about $2.4 trillion. Pelosi also said she and Treasury Secretary Steven Mnuchin are set to talk on Monday. Still, that price tag is well above what Republican leadership has indicated it will support for a new package. “While House Speaker Pelosi and Treasury Secretary Mnuchin are scheduled to resume talks, it is likely that many of the House Democrats facing tough upcoming election battles are growing eager for a resolution,” said Katie Nixon, CIO at Northern Trust Wealth Management. “We are very cautious in our optimism for a bill before November, but more confident that support will come either in a lame duck session or after inauguration.”