Will there be a US Government Shutdown ?

Discussion in 'Trading' started by Sekiyo, Dec 23, 2024.

  1. Sekiyo

    Sekiyo

    IMG_1708.jpeg

    There is additional context …

    As per the rules, “The market will resolve to “Yes” if the acting President fails to sign the relevant bill(s) extending government funding by the applicable deadline(s), even if no government shutdown is explicitly announced.” President Biden did not sign a bill extending funding by the midnight deadline (12:00 AM ET) on December 20, hence this market should resolve to “Yes”.

    Didn’t read the fine print before to post.
     
    Last edited: Dec 23, 2024
  2. Likely doesn't matter regardless. There have been several... never amounted to anything significant.

    If shutdown leads to a market dip, likely good play to buy it.
     
    sridhga likes this.
  3. Andrew34

    Andrew34

    I feel it is smart to buying the dip. Any specific sector in mind if it happens?
     
  4. The most reliable are likely to be large cap, tech, semiconductors.

    If you're going to use sectors significantly, you need to be keeping track of a few/several. When you feel it's time to buy, you should be looking at the sectors that have decline the most recently and those that declined the least recently. It would be good if your software could rank them.
     
    Andrew34 likes this.
  5. Andrew34

    Andrew34

    Great advise! Which software do you use that ranks sectors?
     
  6. I use Investors Fasttrack (not free) and have for years. They have various EOD data packages with charts , but they give you all the ETFs and Indices for free with paid subscription to one data package.

    You might also look at Finviz... you can use it free for some things, but to have custom lists I think you need a paid subscription.

    Here is the Fasttrack ranking list for the ~120 ETFs and indices I have in this folder.... since the big down day last week. Most up.PNG

    Most down.PNG

    Effectively, you probably don't need such a large list (and there are many, many more I don't track at all except in the default list FT provides.) All you really need is perhaps a dozen major ones.
     
    Last edited: Dec 27, 2024
    Andrew34 likes this.
  7. nitrene

    nitrene

    FNGU (3X NYSE FANG+ Index) was up 13.7% from the Fed day up until yesterday's close. Of curse the NYSE FANG+ index is pretty narrow with only 10 stocks.
     
  8. Andrew34

    Andrew34

    Got it. Do you stick to the major ETFs and indices?
     
  9. Mostly. Big players are responsible for sector shifts, and they need liquidity. A smaller player can take advantage of smaller (and perhaps better performing) ETFs that big players cannot.
     
    #10     Dec 30, 2024
    Andrew34 likes this.