Posted on 05/14/2020 12:52:46 PM PDT by MeneMeneTekelUpharsin
The Dow Jones Industrial Average Thursday midday was trading firmly higher, reversing a sharp drop that served as a gut-check to bullish investors amid the COVID-19 pandemic. The Dow DJIA, 1.46% was up 308 points, or 1.3%, at 23,562, following a skid that saw it lose as many as 458 points at its intraday nadir at 22,789.62. Gains were being driven by an advance in American Express Co. AXP, +7.42% and UnitedHealth Group Inc. UNH, +4.47%, which were helping to lead the charge. The S&P 500 index SPX, 0.99% was up 0.8% at 2,843, powered by a gain in the financials sector XLF, +2.54% and a rally in the energy sector XLE, +0.56%. The technology laden Nasdaq Composite Index COMP, 0.74% was trading up 0.4% , or 37 points, at 8,900--well off its lows at 8,705.25.
(Excerpt) Read more at marketwatch.com ...
They watched Trump’s rally in Allentown today and were inspired. He will lead us out of this despite the Dems trying to crush the economy.
Jane Long wrote: “Its me.....I did it. I resumed Amazon online ordering, after a hiatus, early this morning.”
Two things:
1st it was all over Fox Business this morning. Even Cavuto was talking about you.
2nd please let us know in advance before you do this again.
Trump went on Fox Business this morning and told Maria Bartromo that Tony Fauci is a nice guy, but I’m not agreeing with him right now.
THAT is what likely spurred the turnaround.
I would say yes. But that’s just a gut feeling.
Probably but a very deceptive one. Instead of going straight down it has convincing rallies here and there, sucking in more dumb money. At least that is what I hope so I can load up much lower from here. The rally has been too quick and too steep to be viable IMVHO.
Day traders love consistent range bound trading markets.
Sell at the high, buy back at the low until it breaks out of the range/trendline.
Some actual stocks trade like that all the time. If you trade options on those stock you can lock in a consistent profit.
It depends. What percent of your investments are in stocks and what kinds of stocks do you own (growth, value, income)?
“Someone REALLY big in the market moving it around. No real reason. It takes billions to move the market like it moved today. Not for us to know, I guess. “
Not someone; something! Program trading based on headlines.
please let us know in advance before you do this again.
= = =
Will do :-)
You got that right.
I love it. Works for me.
You are correct, more than you know.
Good thread. Actually, I buy a lot of Costco canned chicken. Versatile.
Costco canned chicken from China.
“Costco canned chicken from China.”
Yeah. We quit buying it a couple months ago when we saw that and are using up our last.
Also canned mushrooms — most are from China, so we only buy fresh now.
I pulled out mid March, set things on the sidelines. Kind of feeling stupid and maybe I am. Your personal opinion - would you hold out as a wait and see if it were you?
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